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Have You Heard Of A TPG Labelling A Business Strike As A Proof? Updated With Photos!

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thisistheshow's Avatar
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 Posted 03/20/2018  1:29 pm Show Profile   Bookmark this topic Add thisistheshow to your friends list Get a Link to this Message Number of Subscribers
For example, a coin was sent in under the assumption it was a regular strike but the TPG insists it is a proof. If so, was there any dispute or change made?

This has not happened to me, but I ask because of a conversation overheard at my LCS. Some 50s or early 60s Roosevelt's were in 2x2s, labelled as proofs, but one of the men felt they were just really well struck dimes. If you were to send that in thinking it is a regular strike and it came back a proof, that would often negatively effect value.

Thanks in advance for your time and opinions.
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Crazyb0's Avatar
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 Posted 03/20/2018  1:48 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
I would think surface metals under 10x magnification would be more than satisfactory. Listening to a couple of wannabe LCS "experts" is like believing everything you hear on the internet! Just take a 1964 proof dime, next to a 1965 SMS, then any MS dime and magnify them. The surfaces are wholly different.
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SilverDollar2017's Avatar
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 Posted 03/20/2018  5:46 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
The TPG is most likely correct.
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nickelsearcher's Avatar
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 Posted 03/20/2018  5:57 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
Concur ... the graders at all legitimate TPG know the difference between a circulation strike and proof strike coin ... and would get it right regardless of what the submitter thought.

I have never heard of or seen an example otherwise ... but do stand prepared to be surprised if someone posts an example.
Take a look at my other hobby ... http://www.jk-dk.art
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Coinfrog's Avatar
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 Posted 03/20/2018  6:17 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Indian Head cent proofs from the year 1871 in particular are often poorly made, and many have been misjudged by the TPGs over the years, only to be corrected by die research by Rick Snow and others. The same is true of the 1856 Flying Eagle cent.
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oih82w8's Avatar
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 Posted 03/20/2018  6:17 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
They are only human...stuff happens.
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moxking's Avatar
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 Posted 03/20/2018  6:28 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Given the choice of opinions I'd stick with the recommended TPG's.
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RoyCoinBoy's Avatar
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 Posted 03/20/2018  6:32 pm  Show Profile   Bookmark this reply Add RoyCoinBoy to your friends list Get a Link to this Reply
I might imagine that heavily circulated proofs (PF45 and lower) may be hard to distinguish if there was a business strike of the same year and mm.
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Collects82's Avatar
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 Posted 03/20/2018  7:07 pm  Show Profile   Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
If the question is if a TPG has ever made a "mechanical error" as they call it and put the wrong MS or PF on the label... for sure. Not common, but not unheard of; call up customer service and they have options to fix the label. They slab millions of coins a year. That even leaves hardcore the Six Sigma guys with a few that got out even if they had this totally automated to a perfect science (which they don't it all done manually)...

If the question is a debate as to if the coin itself is MS or PF, the graders really know their stuff. As mentioned above, there has been some evolution in our knowledge that would have impacted older slabs, but they get it right over 99% of the time.

Their volume is too high to guarantee 100% though 30-40 years though.

My 1882 Thai 1/2 Pai I am somewhat convinced is PF although is labeled as MS.
Edited by Collects82
03/20/2018 7:08 pm
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D0ubl3Eagle's Avatar
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 Posted 03/20/2018  7:38 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
They are human so they can make mistakes. I know a couple of the Three Cent Nickels are tough to distinguish business strikes from proofs.

While I can't think of an example of a business strike labeled as a proof I can think of one example of the reverse. John Frost has had his 1844 proof Seated dollar find on display at some of the shows here in the northeast. Here's a link to a write up on the find: http://www.seateddimevarieties.com/...7,Issue3.pdf.
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basebal21's Avatar
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 Posted 03/20/2018  8:14 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
This has not happened to me, but I ask because of a conversation overheard at my LCS.


You'd do much better ignoring 99.99 percent of the nonsense that is said in these
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Conder101's Avatar
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 Posted 03/21/2018  2:59 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Yes it does happen, sometimes they call business strikes proofs, sometimes they call proofs business strikes. It doesn't happen often with modern coins, but frequently happens with 19th century issues. In fact PCGS had so much trouble telling the business strike and proof 1856 flying Eagle's apart that they came to the decision to simply call all of them proofs, even varieties that only come as business strikes.
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thisistheshow's Avatar
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 Posted 03/22/2018  09:33 am  Show Profile   Bookmark this reply Add thisistheshow to your friends list Get a Link to this Reply
Question for admin:is there a way to edit the thread title, like "updated with photos", etc?

I went back to the same LCS. One of the dimes was still there so I bought it for reference.

Have-You-Heard-Of-A-TPG-Labelling-A-Business-Strike-As-A-Proof?-Updated-With-Photos!
Have-You-Heard-Of-A-TPG-Labelling-A-Business-Strike-As-A-Proof?-Updated-With-Photos!

Edit: my pics, particularly reverse, are not great. Please let me know if better ones would help.
Edited by thisistheshow
03/22/2018 09:39 am
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jbuck's Avatar
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 Posted 03/22/2018  10:25 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Question for admin:is there a way to edit the thread title, like "updated with photos", etc?
Done.
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