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Why Does NGC Even Grade These Fake Errors?

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CoinHuntingDrew's Avatar
United States
4932 Posts
 Posted 07/08/2015  11:02 pm Show Profile   Bookmark this topic Add CoinHuntingDrew to your friends list Get a Link to this Message Number of Subscribers
http://www.ebay.com/itm/1970-S-Proo...em3f4ff348c3


I mean, it's not really an error at all.

Most likely a mint worker made this coin, just so he could later have it graded or sell it in the future for thousands of dollars.


...and it's kind of working, too...
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CoinMasters's Avatar
United States
5964 Posts
 Posted 07/08/2015  11:14 pm  Show Profile   Bookmark this reply Add CoinMasters to your friends list Get a Link to this Reply
Sounds logical to me Drew. I agree that also takes the "error" out of it too.
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SilverStackerKid's Avatar
United States
6478 Posts
 Posted 07/08/2015  11:49 pm  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list Get a Link to this Reply
Maybe they should start saying, Mint Made? Or Mint Assis. Error?
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BlueSolo's Avatar
United States
740 Posts
 Posted 07/08/2015  11:49 pm  Show Profile   Bookmark this reply Add BlueSolo to your friends list Get a Link to this Reply
I agree with you that a manufactured error is NOT an error at all, since it was created with intention. However, as you say so yourself "most likely" forged by a mint worker. Without the proof to deny the grade because of a forgery, I don't think it should be done. Wouldn't you hate to find an extremely rare error that was in fact legitimate and was denied a grade under the assumption of foul play?

It's difficult to be certain, but it comes down to buyers choice to purchase or avoid.

Agreed with SilverStackerKid as well, at least list it as possible mint assist for a "buyer beware"
Edited by BlueSolo
07/08/2015 11:52 pm
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United States
589 Posts
 Posted 07/09/2015  12:17 am  Show Profile   Bookmark this reply Add Groszy to your friends list Get a Link to this Reply
Hey, there are 90% gold Indian Head cents out there, most likely mint-assist, but tell me you wouldn't love to possess something **different** than what every collector has?
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Chronoswiss's Avatar
United States
513 Posts
 Posted 07/09/2015  03:05 am  Show Profile   Bookmark this reply Add Chronoswiss to your friends list Get a Link to this Reply
$$$$$$. That's why.
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justin3651's Avatar
United States
621 Posts
 Posted 07/09/2015  05:13 am  Show Profile   Bookmark this reply Add justin3651 to your friends list Get a Link to this Reply
"A very small group of Proof errors recently came from a collection that was auctioned by the State of California. The U.S. Secret Service inspected and released this collection to the State of California determining that it was legal to own. The State of California then auctioned the collection and it has been dispersed since the sale.This unique 1970-S Proof Quarter from the United States was over struck on a 1941 Quarter from Canada. This mint error was originally discovered in group of San Francisco Proof Errors that was auctioned by the State of California"
Interesting, does anyone know what the other errors were? Was this the safety deposit box find where the 2 11 cent dime/cent mules were found? Were the others in the find impossible mint errors mostly too or am I getting stories mixed up?
Either way, while a part of me likes it a lot and thinks its neat the other part thinks the only reason these are legal is the state wanted it so so they could sell it and if you or iI sent it in to the secret service they'd be deemed illegal and taken most likely.
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stoneman227's Avatar
United States
2376 Posts
 Posted 07/09/2015  05:36 am  Show Profile   Bookmark this reply Add stoneman227 to your friends list Get a Link to this Reply
I think that if the mint issued it , meaning the coin left the mint through the proper channels and not smuggled out, then it's a legit coin . If a coin is different in some way , variety or error , purpose made or mistake , that it has made it out past whatever quality control the mint has and been issued then the game is on and it's legit.
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coin_kid's Avatar
United States
381 Posts
 Posted 07/09/2015  09:06 am  Show Profile   Bookmark this reply Add coin_kid to your friends list Get a Link to this Reply
Just think about it. NGC gets a fake error submitted. They can either pay shipping to send it back OR they can grade it get $$$. I'm gonna guess they went with option 2.
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Debrajc's Avatar
United States
4211 Posts
 Posted 07/09/2015  10:11 am  Show Profile   Bookmark this reply Add Debrajc to your friends list Get a Link to this Reply
$35,000 If I had that kind of money to spend on coins that would not even cross on my mind!
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coop's Avatar
United States
62064 Posts
 Posted 07/09/2015  10:45 am  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
The mint workers do sometimes get caught.
http://old.post-gazette.com/nation/...614mint8.asp
Why-Does-NGC-Even-Grade-These-Fake-Errors?
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 07/09/2015  11:42 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Garbage like this so called error, is really not much better than the rampant Chinese counterfeiting currently in the hobby.. a lot of this stuff was occurring in 1969 to 1971 period in both Canada and the USA. There are many "impossible " combos from this time.Another beauty is the 1970 Canadian 25 cents struck on a German gold 20 Mark.................... Ya ......very likely......NOT.
Maybe th US government should pursue these so called errors with the same gusto as the Langbord 1933 Double Eagles.
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CoinHuntingDrew's Avatar
United States
4932 Posts
 Posted 07/09/2015  1:40 pm  Show Profile   Bookmark this reply Add CoinHuntingDrew to your friends list Get a Link to this Reply

Quote:
Hey, there are 90% gold Indian Head cents out there, most likely mint-assist,


If you are talking about the 1905 Indian Head cent struck on a 2 1/2 planchet that is on ebay right now, I do believe that is an authentic error.
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Slamnbass's Avatar
United States
3644 Posts
 Posted 07/09/2015  7:14 pm  Show Profile   Bookmark this reply Add Slamnbass to your friends list Get a Link to this Reply
I definitely believe some crazy legit errors do get out there(like a washer falling in the planchet bin) but I also believe it's those errors that inspire the workers to do things like this.
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