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Another One Of The Helped Errors Just Certified By NGC

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Dustin6's Avatar
United States
3516 Posts
 Posted 06/15/2016  10:13 am Show Profile   Bookmark this topic Add Dustin6 to your friends list Get a Link to this Message Number of Subscribers
Got an email about this coin. It is a 1964 cent struck on a cancelled India 1942 1/4 rupee.I have no idea why a TPG graded this but it's quite similar to the 1970 s proof quarter we just saw.

Another-One-Of-The-Helped-Errors-Just-Certified-By-NGC

Another-One-Of-The-Helped-Errors-Just-Certified-By-NGC

Another-One-Of-The-Helped-Errors-Just-Certified-By-NGC
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tapapple65's Avatar
United States
538 Posts
 Posted 06/15/2016  10:20 am  Show Profile   Bookmark this reply Add tapapple65 to your friends list Get a Link to this Reply
That's one neat looking coin.
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bobby131313's Avatar
United States
24164 Posts
 Posted 06/15/2016  10:35 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Who owns this one?
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Universalcoins's Avatar
Canada
147 Posts
 Posted 06/15/2016  10:46 am  Show Profile   Bookmark this reply Add Universalcoins to your friends list Get a Link to this Reply
I have absolutely no problems with the grading services certifying these coins -- it is nice, after all, to know exactly what happened in the life of a coin. However, I think there should be another designation outside of "Mint error". Of course, there is no way this could have been done without human effort. However, because we recognize items like foreign planchets used, it is fair to certify these as something.

Now, whether they are worth the prices asked is another question entirely. My thinking would be no error collector would really want something like this as it wasn't an error made through the regular processes put in place by the Mint, ie an accident. This was purely intentional and, IMO, more of a novelty.
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Dustin6's Avatar
United States
3516 Posts
 Posted 06/15/2016  10:56 am  Show Profile   Bookmark this reply Add Dustin6 to your friends list Get a Link to this Reply
I'm not sure who owns this one. But you can read about it in this article by NGC

https://www.NGCcoin.com/news/articl...cTU1WVdJPSJ9
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bobby131313's Avatar
United States
24164 Posts
 Posted 06/15/2016  10:59 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
It was submitted to NGC by coin dealer Gregory Field, a partner with New England Rarities, who represents the family of the original owner. He relayed to NGC that the owner removed the coin from circulation himself in 1964.


Uh-huh, removed from circulation.....
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MeadowviewCollector's Avatar
United States
4409 Posts
 Posted 06/15/2016  12:58 pm  Show Profile   Bookmark this reply Add MeadowviewCollector to your friends list Get a Link to this Reply
Add me to the list of nonbelievers of this so called error


-MV
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United States
2738 Posts
 Posted 06/15/2016  2:06 pm  Show Profile   Bookmark this reply Add mikediamond to your friends list Get a Link to this Reply
As the article indicates, these are more likely to be genuine (i.e. accidental) errors than intentional errors. They all carry the date 1964, all but one of the host coins are canceled, and they come from both the Philadelphia and Denver Mints. For these to be intentional errors you'd have to invoke a cross-country conspiracy. That's unlikely, as is the choice to use canceled coins. My suspicion is that the US Mint was shipping in and melting down obsolete, canceled Indian coins to extract the silver and a few slipped into the production chain.
Error coin writer and researcher.
Edited by mikediamond
06/15/2016 2:09 pm
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 06/15/2016  5:06 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply

Quote:
My suspicion is that the US Mint was shipping in and melting down obsolete, canceled Indian coins to extract the silver and a few slipped into the production chain.

Wow, that actually makes a lot of sense!

I guess thats why you're the expert!
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