Rare 1916 Standing Liberty Quarter Pattern Discovered, Heading For Auction

Serious bidders won't care about whether it is a proof or not. The coin is what it is and it will probably be their only chance to ever acquire the coin. If you had a once in a lifetime chance to get a coin you wanted would you pass on it because a TPG may have mislabeled it?



If so then PCGS can shoot back asking how NGC missed the Dupont 1866 No Motto quarter and slabbed it as a regular 1866 proof quarter.

This.

I have learned something new about 1916 SLQ's :

Liberty's right breast is actually covered.
You can see evidence of the edge of light drapery that covers Her right breast, around Her neck and on Her right upper arm.


Sorry to disappoint those blokes that like that sort of thing !

They caught her between putting on her bodice and putting on the chain mail. (Could you imagine wearing chain mail with nothing under it? That could HURT!)

They missed it too. It wasn't until it happened to get in front of the one guy that it was noticed. No way to know if NGC would have spotted it without it being pointed out to them by him first

PCGS no, HA you could make a case but with all their lawyers I'd bet their fine print would absolve them

@oih82w8 - thanks for the link - sheds more light on the situation.



The article linked to by oih82w8 shows the facts say otherwise. This coin was in one collection. The owner passed away. The family sent the coin to be graded. None of the above are said to be professional graders, so I can see why they missed it.

I can see collectors "missing it" after it had been slabbed or the saying, "Buy the coin and not the slab," would not be so often said.

However, this coin seems to indicate the (PR) videos showing the actual grading process are not necessarily as real as they want us to believe. The level of scrutiny allegedly given to each cpin, by three different graders, crtainly not allow the missing of something this obvious.

State this another way. How in the world would three trained and expert graders who are intently studying (specifically) the coin to note the condition of its fine details NOT be able to see such an obvious difference like the extra branch?!

So just what does this say about if they were confronted with a good fake coin?

How many good fakes are slabbed and yet go unnoticed by the general coin collecting public who need to learn to buy the coin and not the slab? This is hypothetical at best, but missing an entire extra branch speaks volumes. If the pattern had only been missing the letter M, then that would be something else to consider...or would it? Three trained experts deliberately examining a coins details not seeing an obvious missing initial on the front?

Something about the videos showing the high level of scrutiny for each coin is certainly not what has happened. Again the tangible facts seems to corroborate exactly what has been posted before about the grading process being rushed.



I did not see anything that indicated NGC was bragging - NGC did not write the article linked to. Could you point me to the bragging article you read?



Personal preference makes a lot of sense as to why someone would cross it. Its a hobby after all.

And, like you said, PCGS would likely label it correctly this time. There has been a lot of publicity and I can see where it would be best, reputation wise, to do so.

I just was not sure why you said there was a "strong chance" it would be crossed over. Come to think of it, have there many other documented slabs crossed the opposite direction to another company? Is there anywhere that actually records such things? I would think it advantageous to whichever company gets the most submissions to be crossed over to publish something like that.

The article says hertiage submitted it both times which would mean they also missed it the first time. It was when the one guy saw it he saw what had been missed for so long.

It may or may not have been in a collection for a long time. I take that part with a grain of salt simply because that is what many submitters would say finding out that they are about to get a huge windfall off it instead of saying I just bought it from xyz and create potential problems for themselves.




That's probably why they called it repaired. No one defaults to thinking its the second known pattern worth 6 or 7 figures and things such as that are almost always submitted with documentation in a special manner like the glass cents were and like this coin was the second time to NGC.




They both regularly put press releases on their websites when something such as this is graded like PCGS did with the shipwrecked gold and NGC does with these types. There was an article on their site that they had graded it.




I say strong chance because many of the coins like this do get crossed to PCGS after purchases. It has happened many times before with the ultrararities, the 1804 dollar that sold earlier this year used to be in an NGC slab too if it's the one I'm thinking of.

Yes some PCGS coins do get crossed to NGC but they're mostly lower valued ones. The high value and ultra rarity get crossed much more to PCGS than the other way around. The Newman coins were auction in NGC slabs but quite a few of those are now in PCGS ones as another example.




The real expensive ones are easy to track as are the ultra rarities. In terms of all coins PCGS does publish statistics but they also do cross overs with coins from any company so it includes the others as well. NGC doesn't share the info.

https://www.PCGS.com/statistics/