| Author |
Replies: 8 / Views: 2,214 |
|
|
Pillar of the Community
United States
3516 Posts |
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.   
|
|
|
|
Pillar of the Community
United States
538 Posts |
That's one neat looking coin.
|
|
Forum Dad
 United States
24164 Posts |
|
|
Valued Member
Canada
147 Posts |
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.
|
|
Pillar of the Community
 United States
3516 Posts |
|
|
Forum Dad
 United States
24164 Posts |
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.....
|
|
Pillar of the Community
United States
4409 Posts |
Add me to the list of nonbelievers of this so called error
-MV
|
|
Pillar of the Community
United States
2738 Posts |
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
|
|
Pillar of the Community
 United States
5828 Posts |
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!
|
| |
Replies: 8 / Views: 2,214 |
|