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 Replies: 20 / Views: 3,897 |
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Valued Member
United States
59 Posts |
First off, I have almost no experience with error coins. I believe what I have though is a strike through (not sure if it is too minor to count). So, I opened one of my coins today and noticed that there appears to be a sizable divot on the elbow of lady liberty. It is quite sizable. I have very little experience with coin errors so I thought that you all could help me. I took a few pictures as best I could as well as one through a 10x loupe. What is it? Should I send this in for error grading? Or do I chalk this one up as a loss?    Here is the best picture I think to see the divot contrasted with the RP surface.  |
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Moderator
 United States
189301 Posts |
Interesting. I moved this to the Variety and Error Coins forum for the appropriate attention.  |
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Pillar of the Community
United States
1249 Posts |
Well since those coins are so new your not going to find a lot of information on it. The reverse proof design also being new looks great. As far as I can find none of the others released have a divot like that. I would wait and see if we can get some other pictures of another Ike dollar reverse proof. As for value. It is a proof and proof errors do usually carry a premium being it's so new I have no clue what that would be if any . Someone else might have a better idea |
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Pillar of the Community
United States
500 Posts |
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Bedrock of the Community
United States
62064 Posts |
To me it looks like coin contact to me. Note the contact marks on the coin. PSD |
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Pillar of the Community
United States
1249 Posts |
No I have to disagree just because the shape these are special sets too and supposedly handled different. They shouldn't have coin marks on them.
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Valued Member
 United States
59 Posts |
Personally, in hand, the indent looks far too deep to be contact marks, but I could be wrong. Like I said, not very experienced in errors. It definitely looks, to me, as though it was a strike issue. I am wondering if this would increase any value of the coin or if it would only be a negative for the value due to the loss in grading points.
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Pillar of the Community
United States
7390 Posts |
If you wanna take the gamble and can get it into an error slab it might only go 68/69 but an ike rp error however small should be desierable and pull a premium over the grade but how much is anybodys guess at this point
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Pillar of the Community
United States
1249 Posts |
With the rush on them now prices are up there. What 17,000. Minted I think . Don't quote me so assuming that it could be worth it
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Valued Member
United States
144 Posts |
Corey, one general approach you can consider is not to be in a rush to draw a definitive conclusion. For now, protect the coin well, hold on to it, and follow along on the forum or Google for the same coin and see if another comes up.
I went through a similar indentation issue a few weeks ago with some 2015 nickels. Since then, several more have popped up with very similar indentations -- but each one was slightly different in size or location. Conclusion was that it wasn't die related.
Edited by profiler
08/17/2015 9:11 pm
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Valued Member
United States
59 Posts |
Profiler, makes sense. My only concern with that route is that I would think that an Early Release mint error slab would demand a higher premium than one without Early Release, so the cutoff date seems looming for me. Any opinions?
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Valued Member
United States
144 Posts |
Considerations might be: Would a higher premium justify the cost for slabbing? If it were a recognized mint error, is it of concern (or value) to you to be first to attribute?
Sorry, I don't know much about it with respect to newly issued coins.
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Valued Member
United States
59 Posts |
Interesting.
Well, it would cost $35 to send it in to NGC for error grading and an Early Release designation. Since I am sending it with other coins there will really be no cost other than that. Plus, I don't think I would ever be able to sell this set if it wasn't graded as an error since it would be undesirable then. So I may just go for it unless anyone strongly believes that this coin won't receive an error designation.
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Bedrock of the Community
United States
62064 Posts |
If it didn't receive damage, then why does the statue have a clown nose? Damaged.
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Valued Member
United States
59 Posts |
Coop, the liberty nose is exactly the same as the other set I received as well as exactly the same as my father's two sets. Perhaps the picture represents that poorly but there is absolutely no problem there.
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Moderator
United States
23522 Posts |
Quote:
an Early Release mint error slab would demand a higher premium than one without Early Release, Just so you know, any self-respecting coin collector ridicules First Release slabs as the blatant unjustifiable money grab they are. Before deciding to throw money at this, improve your knowledge of "error coins" to the extent of learning exactly what TPG's do and do not slab. Even if this is determined to be some sort of "mint error" (more likely a planchet void than a "mint error"), would a TPG label it? And how do we know that every tenth example doesn't have the same appearance (percentage exaggerated for effect)? You did the wise thing by acknowledging your lack of expertise with errors; hold off deciding what you have there until you learn more about the process. For instance, I don't see enough photographic data here to form any sort of theory, much less conclusions. |
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Replies: 20 / Views: 3,897 |
Posted 08/17/2015 6:31 pm
