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 Replies: 26 / Views: 3,719 |
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New Member
United States
23 Posts |
Hello, I am new to coin collecting as well as the site. I am seeking information on this coin. I sent the coin to PCGS under the Mint Error costing $100. I was told the graders noted that they do not grade this variety of error. I have taken this coin to two dealers and they both stated it is a legit error. But they do not know the extent of it. I listed the coin on ebay with a super buy now price because I do not want to sale it. I know the coin is not worth the ebay listing, my reason behind it to insure I keep it. But here I am, please if anyone has any knowledge of what may have happened to the 0 in the 1950 I would like to know. I have seen many pennies and this one is definitely unique to me. here is the link. Thank you all for your time and responses. *** Edited by Staff - Link removed and image added, please review the rules. *** |
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Forum Dad
 United States
24170 Posts |
Sorry, not an error. It's just post mint damage. The zero just took a hit. Quote:
I have taken this coin to two dealers and they both stated it is a legit error. Sorry but it's time to find a new dealer. Any dealer should be able to look at this coin for about 3 seconds and tell you it's not an error. |
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Valued Member
United States
191 Posts |
The zero was struck by another coin causing it to be bent in. Sorry.
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New Member
 United States
23 Posts |
Wouldn't there be a shadow of the O? Looking under the glass it looks like a perfect mint. Thanks
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Moderator
United States
23522 Posts |
The "0" in "50" is a dent on the coin, not an error. When you contemplate how coins are struck - via a die which is a negative of the struck coin - and understand the dates are punched into the die, you'll realize that it's physically impossible to create a date digit with a bend that severe. It takes multiple punches to impress a date into a die, and they must be inspected very closely before the next punch to locate it correctly. Therefore, even if a date punch were created with an incorrect 0 like that, it would be discovered immediately. And obviously, since it's a "hole" in the die, it ain't moving around once it's there.  |
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New Member
United States
23 Posts |
The dealer recommended NGC, they would grade it the proper error variety? Is it worth it if it is?
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New Member
United States
23 Posts |
Thanks SuperDave. the dealer also noted that it had to be an imperfect die.
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Forum Dad
United States
24170 Posts |
Ask him if HE is willing to pay ALL the fees if he is wrong. Seriously. I bet his opinion changes.
Who is this dealer? Is it a brick and mortar shop?
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New Member
United States
23 Posts |
Heartfield's jewelry Beaumont Texas.
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Forum Dad
United States
24170 Posts |
Well there you go, he's a jeweler that dabbles in coins. Trust me, has has no idea what he's talking about. PCGS didn't put the "error" on the label, because it's not an error.
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New Member
United States
23 Posts |
I understand the science of it, but if you seen close inspection, you would see there is no evidence of such post damage. I'm not an experienced collector, but I know when a coin looks to have post damage. It looks like all the coins would be minted to this die. Thank you guys for the help
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Rest in Peace
10197 Posts |
Dwhulk,  first, but you DO NOT have an error coin, period! Sounds like somebody's takin' you for a ride dude. |
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New Member
United States
23 Posts |
Just wanted to make sure because when I spoke to PCGS the grader noted that they do not grade the type of error. Made me feel like it is, but they do not label it. The dealers confirmed that. Thanks for clarification.
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Pillar of the Community
United States
5193 Posts |
there are dealer here in Texas that don't know jack about errors and jewelers know less.Take to somebody in Houston and they will tell you same thing you were told here . sorry but it's not an error
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New Member
United States
23 Posts |
Liberty coin and collectibles was the other, there was collector who walked in and looked at it and said yes that is a mint error. I guess they are all wrong lol. But that is why I am here, so thank you guys.
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Bedrock of the Community
 United States
12477 Posts |
It is most definitely post-mint damage and not an error. Here is one I have with similar damage. Note the lack of signs that the last "1" was damaged to move it to its current position:  I believe mine to be rolling-machine damage and yours may be as well. In the future, please ask about coins here first before spending money on grading!  We are all here to help and to the Family! In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Replies: 26 / Views: 3,719 |
Posted 08/16/2017 11:48 pm
