| Author |
 Replies: 15 / Views: 3,982 |
|
|
Pillar of the Community
United States
2815 Posts |
|
|
|
|
Pillar of the Community
United States
7390 Posts |
 You bought that fir the sole purpose of creating this April fools thread didn't ya darth  |
|
Bedrock of the Community
United States
11951 Posts |
I was looking at the pictures first ... And thinking Wow ... I have a bunch of type two's ...  I wonder if you could get NGC to pay you the NGC price guide price for messing up. |
|
Pillar of the Community
United States
7390 Posts |
I don't think their guarantee applies to label errors GR
|
|
Pillar of the Community
 United States
3058 Posts |
LOL
I will sell you a bunch of my two "2"s!!
|
|
Pillar of the Community
 United States
2815 Posts |
I wouldn't go through the trouble, GR. This will just be a fun piece to own for now. I'll use it as an example of a TPG goof. The coin is very nice. I wouldn't mind it being in an album, but I'd rather not crack it. It's worth more in the slab with the error label. At least it is to me. When PCGS corrected my '71-S FS-103 to an FS-106 I never received a "guarantee" reimbursement. But I wasn't looking for one either. This makes two instances in my personal experience, one from each major TPG, where the label was incorrect. Now I'm incredibly suspicious of any designated Ike variety in either a PCGS or NGC slab. |
|
Pillar of the Community
United States
4212 Posts |
I wondered where your post was going. At least it wasn't another class assignment.
I like it!
|
|
Pillar of the Community
United States
5828 Posts |
i read the "this must be too good to be true" part and then I realized lol... |
|
Pillar of the Community
United States
527 Posts |
funny post ! Nice toning , I like it ! |
|
Moderator
 United States
187702 Posts |
Quote:
I hope you guys enjoyed my silly post. It features an Eisenhower dollar, of course I enjoyed it!  |
|
Bedrock of the Community
United States
11951 Posts |
I guess I was sort of wondering ... What if's. What if someone paid type two money on ebay. Then a lot of time goes by, before they figure out it is not a type two. They would be out the money, because NGC labeled it wrong. Would they be responsible? |
|
Moderator
United States
187702 Posts |
We often say buy the coin, not the slab. This is not just a warning about overpaying, but getting what you paid for.
This means the buyer should be spotting attribution errors as much as it does recognizing inaccurate grades.
|
|
Pillar of the Community
United States
2815 Posts |
Quote:
We often say buy the coin, not the slab. This is not just a warning about overpaying, but getting what you paid for.
This means the buyer should be spotting attribution errors as much as it does recognizing inaccurate grades. Amen that. When buying on ebay, high quality photographs are crucial. Luckily, I spotted this one based on the photos in the listing. Apparently, every other bidder did too. Now, why didn't the seller mention that this was a type 2? Surely he knew that this variety is the key to the Ike series, right? Was he hoping that someone would bid up to the $220-$250 mark based on the label only- that this was a seller unaware of what he had? Hmmmm. I think the reason he didn't list it as a type 2 was because he knew it wasn't. That's just my hunch. Why wouldn't you list it as such when the coin would bring so much more? I could be wrong. Maybe he really didn't know, but it's all still puzzling to me. |
|
Pillar of the Community
United States
1913 Posts |
Quote:What if someone paid type two money on ebay. Then a lot of time goes by, before they figure out it is not a type two. They would be out the money, because NGC labeled it wrong. Would they be responsible? I agree with jbuck that the buyer should look at the coin and know himself what the variety is. However, if someone honestly didn't know that it was a labeling mistake and overpaid, I think NGC would be ethically bound to refund the difference. Whether they would or not I don't know. BTW, I don't know what the difference is between a Type 1 and a Type 2. |
|
Pillar of the Community
United States
2815 Posts |
Quote:
BTW, I don't know what the difference is between a Type 1 and a Type 2. Here is a nice photo comparison showing the differences between the 3 types:  Amidst early difficulties producing the new Eisenhower dollars on copper nickel clad planchets, the US Mint had created three different reverse designs. The Type 1 design, prepared in low relief, was used for coins produced during the first year of issue. The Type 2 design had a high relief design and was used for the 40% silver Eisenhower dollars struck in 1972. The Type 3 design was created after more resilient die steel became available, allowing the copper nickel clad coins to be struck in higher relief.
These three reverse types were used on different coins of the series with one exception. The 1972 Eisenhower dollars struck at the Philadelphia Mint used each of the different reverse types at various times during the year. This created three different varieties, with one of them representing a lower mintage rarity.
The varieties can most easily be attributed based on differences in the appearance of the Earth pictured in the background of the reverse design.
Type 1This type can be identified by the three islands, which appear to the right of Florida. The design also has some flatness at the 9 o'clock to 11 o'clock area of the Earth.
This design had overall low relief and was used for all business strike coins issued in 1971. The 1972-D Eisenhower dollars used this reverse type throughout the year. In 1972, the Philadelphia Mint used this reverse at the beginning of the year.
Type 2The rare Type 2 can be identified by the lack of islands beneath Florida. Incuse water lines appear in their place. The design also shows a lack of detail in the continents.
This reverse, which featured a higher relief, was used for the 1972-S Proof and Uncirculated Eisenhower dollars. Either by accident or as an experiment, this reverse type was also used to strike some 1972 Eisenhower dollars at the Philadelphia facility. Based on die life, it is estimated that less than 100,000 were produced. The Type 2 1972 Eisenhower dollar carries a premium even in lower grades due to its rarity. Examples graded MS65 can sell for around $2,000. The few pieces graded MS66 command six figure prices.
Type 3This type is identified by the three islands which appear beneath and to the left of Florida. The overall relief and details of the earth also appear strengthened.
This reverse was created after more resilient die steel became available. It was used for the remainder of the Philadelphia Mint's production of the 1972 Eisenhower dollar. In the following year, this reverse type was used for all business strike and proof Eisenhower dollars.
|
|
Pillar of the Community
United States
2311 Posts |
Edited by solotime
05/23/2016 03:44 am
|
| |
Replies: 15 / Views: 3,982 |
|
Posted 05/19/2016 4:03 pm
- It's a 1972 alright- a 1972 Type 1. 
