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 Replies: 17 / Views: 3,943 |
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New Member
Canada
4 Posts |
I purchased this coin from an ebay seller in Ottawa who said he got it directly from the mint and never opened the capsule. He is willing to give me a refund and return the coin to the mint. I'm not too worried about it being counterfeit because it was, indeed, shipped from Ottawa and appears to have an authentic box and certificate. I inspected my coin closely, and I'm 99% sure the 'defect' around the corner under "2016" is on the coin itself. Almost every ebay add shows a similar defect (the ones with actual photographs). Is this a mint defect? If it is, then how would this impact the value of the coin? I'm worried that if I go to sell this coin down the road, the defect and condition of the capsule will decrease the value or prevent someone from purchasing it. Is this a know defect? It is a mint defect? Could this be caused by shipping?  Edited by FlipSide
09/22/2016 09:25 am
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Pillar of the Community
Canada
644 Posts |
All the coins are like that, maybe the mold that the Mint used to make the coins was flawed. I have 3 gold delta coins and they all have that on it.
Edited by CoinCanuck94
09/22/2016 10:36 am
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New Member
 Canada
4 Posts |
Thanks for the response CoinCanuck94. The mint has repeatedly told me that this is not a known mint defect. How do you think this will impact the value of the coin?
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Pillar of the Community
 Canada
9866 Posts |
The value is destined to drop like a rock within the next five years regardless.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
1463 Posts |
if they're all like that I'm very surprised they were struck as such all the way through. They had to have known, most are inspected under a magnifier as soon as they're struck. I don't blame you for being concerned, but seems the mint is at fault here.
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Pillar of the Community
United States
3058 Posts |
Wow! I love star trek, so to me, that is an excellent gold coin!
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New Member
Canada
4 Posts |
I thought it may be a good investment. I talked to a reputable dealer (one listed on the RCM's website). He assured me that the coins he has don't have this defect, but all of his have serial numbers under 100. Don't mint errors increase the value of some coins? Should I return it before it's too late? |
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Pillar of the Community
Canada
5324 Posts |
Sure errors add value depending on what type, this is like you title more of a defect than an error, this is a struck coin so this must be a strike through or something on the die itself, probably hurt the value.
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Pillar of the Community
Canada
5593 Posts |
I'd get your money back as soon as you can. Almost all RCM granny bait will drop to less than 60% of its issue price in 2-3 years ... just like DBM said above. Flaw or not, it's not a coin(?) worth keeping unless you are a Trekie. Edited by okiecoiner
09/22/2016 8:02 pm
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Pillar of the Community
Canada
1463 Posts |
It's not fair to say all will drop to 60% of issue. No one knows the future. Most of it likely will, but I think saying "all" is false info. Not my type of coin, but if the op likes that sort of thing, that's great I can appreciate that. I like the shape of it, very interesting.
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Pillar of the Community
Canada
2781 Posts |
issue price $1300 @ 16.2 grams gold if it drops 30% it's still worth scrap if it drops 60% I will buy all 1500 minted  |
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Pillar of the Community
Canada
1049 Posts |
That always happens to the trailing edge after warp speed   |
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Pillar of the Community
Canada
644 Posts |
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Pillar of the Community
Canada
3234 Posts |
Quote:
Flaw or not, it's not a coin(?) worth keeping unless you are a Trekie. Quote:
That always happens to the trailing edge after warp speed May the force be with you....and so much garbage being left behind "for future generations" of Trekies... This should be moved over to the "Shouldn't This be Scrap" posting...IMO.. |
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Pillar of the Community
Canada
659 Posts |
Quote:
The value is destined to drop like a rock within the next five years regardless. LOL...good one. |
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Pillar of the Community
Canada
2845 Posts |
Quote:
Don't mint errors increase the value of some coins?
FlipSide I can understand why you might wonder about that. I'm going to try to answer your query in general terms, regarding NCLT errors that are obvious to the eye. As best as I can explain it, in the modern age of hi-tech automation applied in coin production, unless a really spectacular and unique error occurs, no it generally does not increase the value or the appeal. Quite the opposite. A collector coin with a noticeable flaw could be compared to receiving a new iPhone with a cracked screen. Lower quality standards of circulation coin production in Canada has become very noticeable in circulation coin as well, to the extent of becoming common. But you may have noticed many threads here talking about error coins, silver and copper coins from decades ago. Indeed some types of errors and varieties are certainly worth more but coin production was very different back then and the pursuit of anomalies became a fascinating collector sideline. There's also a difference between circulation coin and NCLT - a penny started out by being worth only a penny, a dollar a dollar and it wasn't originally sold with a certificate inside a box. My opinion but in the example of sellouts and RCM giving themselves the option of providing a refund for defective NCLT as opposed to a replacement - without the customer having any say in it - they are taking advantage of buyers who might be inclined to accept an inferior product by rationalizing that it's better than nothing. That just shouldn't be. |
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Replies: 17 / Views: 3,943 |
Posted 09/22/2016 11:18 am
