How To Decide When To Send A Coin To Ncg ?

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Author	Replies: 8 / Views: 3,357
halfcorked New Member United States 6 Posts	Posted 12/13/2016 10:48 pm I have a 2016? (probably) that has mint error - how does one decide whether or not to send a coin off to have it authenticated/rated? This is not a man made error; the reverse is perfect. * Moved by Staff to a more appropriate forum. * Report this Post to the Staff

JimNWLincoln Pillar of the Community United States 908 Posts	Posted 12/13/2016 11:23 pm There are several reasons - #1 you want the coin authenticated to confirm that it is not counterfeit, #2 it is a valuable coin and when you sell it you will get a higher amount. Usually to offset the cost of certification, the coin will have a value in the $200+ range. Report this Post to the Staff
John1 Moderator United States 56855 Posts	Posted 12/14/2016 05:05 am Reverse side pics. Looks PSD to me=Post Strike Damage. John1 Report this Post to the Staff
nickelsearcher Moderator United States 15411 Posts	Posted 12/14/2016 05:35 am That coin did not leave the mint in that state .... hence PMD David Take a look at my other hobby ... http://www.jk-dk.art Report this Post to the Staff
Spence Moderator United States 34397 Posts	Posted 12/14/2016 05:50 am Quote: This is not a man made error; the reverse is perfect. @halfcorked, it looks to me like someone took this coin out of circulation and then beveled one edge on a grinding wheel. If so, it is worth exactly 5 cents and could be spent rather than submitting for authentication. "If you climb a good tree, you get a push." -----Ghanaian proverb "The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz Report this Post to the Staff
jdiablo30 Pillar of the Community United States 946 Posts	Posted 12/14/2016 05:53 am Grinder wheel special Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 12/14/2016 07:27 am I also use $200 or better for value of coins I submit to NGC. As others have mentioned, your coin was edge ground. It's worth 5 cents. Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 12/14/2016 07:37 am First Up To the Forum and I hope your stay is long and fruitful I hope you found this in your change and didn't buy it because unfortunately like others here have said this is Post Mint Damage or PMD and not an error coin. Report this Post to the Staff
Omegaraptor Valued Member United States 321 Posts	Posted 12/14/2016 10:32 am If you're doing single coin submission, the coin has to be worth $200+ to justify the cost. Single coin submissions are brutal. However, if you're submitting multiple coins at once, you can lower that aforementioned number because you get combined shipping. Report this Post to the Staff
	Replies: 8 / Views: 3,357

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