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 Replies: 15 / Views: 1,338 |
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Valued Member
United States
199 Posts |
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Valued Member
 United States
199 Posts |
WOW! Another perfect proof error this time from NGC!
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Valued Member
United States
199 Posts |
"PPE"
PERFECT PROOF ERROR. LOL!LOL!
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Pillar of the Community
United States
5318 Posts |
 And a "PF70" no less--one would think proof coins would be free from defects--at least the "perfect grade". Lemme guess...these were slabbed in bulk.  BIN $10K?  Edited by KurtS
10/16/2008 12:18 pm
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Pillar of the Community
United States
1130 Posts |
Think NGC will buy that back ? |
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Valued Member
United States
199 Posts |
I think they forgot to add two more zeros to the price!
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Pillar of the Community
United States
1359 Posts |
SWEET..I think I have that in searched lincolns...let me check 1.....2......3.....4.......
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Pillar of the Community
United States
7629 Posts |
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Pillar of the Community
United States
3507 Posts |
I like to go to the source. I am gonna email NGC and ask how a coin with that kind of die crack(break) could be a perfect coin as the crack is definitely a detraction that should lower the grade.
This is a guess but If I get a response, I'm gonna guess it will be something like....The coin is in perfect condition as an error coin with a die crack. It therefore is not a detraction since that is the reason the coin is an error. The problem of course is that the error is not noted on the slab which means, to my way of thinking it "ain't no" MS-70.
To be clear, It is theoretically possible for a "struck through die cap" error, for example, with no obverse details to be graded as an MS-70 if the reverse were perfect, as the grading would take the error into consideration. This is true only in a case where the error is noted on the slab.
Anyway, I'm gonna see what their logic is and see how close I am in my assessment.
Thanks,
Bill
Edited by foundinrolls
10/16/2008 2:06 pm
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Pillar of the Community
United States
974 Posts |
Ya I'd like to hear what they say too. The seller says "NGC Missed It, But I Sure Didn't!" There is no way that you couldn't see that in my eyes. But are die cracks really errors as much as they are flaws?
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Valued Member
United States
199 Posts |
How could it be an error if it is perfect?
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Pillar of the Community
United States
526 Posts |
I might be wrong on this way of thinking, however, the grade is for the coin and not the die that struck it. If we were to start subtracting points for each anomaly then no DDO, DDR, RPM, die crack, etc, would ever obtain the grade MS70. Just a thought. BJ Neff |
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Bedrock of the Community
United States
14454 Posts |
I understand that the way its minted shouldn't detract from the grade but how close did they even look at this coin if they didn't even see the die crack such as that enough to mention it on the label, if they didn't look at it that close how can they be sure its a 70
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Pillar of the Community
United States
1359 Posts |
8974....8975......8976... ...8977...... |
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Valued Member
United States
201 Posts |
Bill.....Please keep us posted on what NGC has to say. I'm very curious as to how they can explain this.
Chuck....Agree, another nut case (too polite).
Bill
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Pillar of the Community
United States
3507 Posts |
If I get a response, I'll let you know. There website states that three graders have to "sign off" so to speak on a grade. I can't see how three graders would let this one go by.
Also, they estimate the worth of that coin in real MS-70 Ultra cameo at about 83 bucks. Most of the ones they graded are at that level.
Anyway, If I get a response I'll be back to this thread:-)
Thanks,
Bill
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Replies: 15 / Views: 1,338 |
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Posted 10/16/2008 11:43 am
