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 Replies: 12 / Views: 1,195 |
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Valued Member
United States
66 Posts |
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Pillar of the Community
United States
3237 Posts |
These are actually very common. Not sure how it started, but there are a ton of youtube videos made by like 16 year-olds claiming that this is a rare error. It's not. Just caused by overpolishing of the dies. I don't believe they carry any premium at all.
Edited by SamCoin
03/28/2020 5:05 pm
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Bedrock of the Community
United States
74970 Posts |
 Also, the FG initials are still visable. Errers and Varietys.
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Valued Member
 United States
66 Posts |
Yeah I know it not a keeper. Ill have a keeper one day. So there arent any Lincoln cents that have a floating roof as a mint error? At least know I understand a little better about over polishing. Thanks
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Valued Member
United States
117 Posts |
You can keep looking as it does carry a premium but only in uncirculated grades. A brown coin MS63 last sold at auction for $100. The FG is pretty easy to notice even in your picture. When there isn't an FG - it means it is not there. A few weeks ago PCGS coin guide did not list for brown No FG.(only red) Now they do. The variety is: No FG FS-901
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Pillar of the Community
United States
3237 Posts |
@vindex, I'd be suspicious of that. Yes, people do pay for them, but I think it's all a scam started by some unscrupulous sellers who realized they could unload a lot of coins for a lot of money if they created a market for a common overpolished die by starting a rumor it was a desirable mint error. I wouldn't pay more than the going rate for a coin in that condition for one of these, but perhaps one of the experts on here can weigh in, since I'm more of a dabbler.
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Pillar of the Community
United States
575 Posts |
Actually, PCGS has been recognizing this variety for quite some time.
Great Collections sold an MS62BN in 2014 for $180 and Heritage sold an MS65RD in 2017 for $500.
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Pillar of the Community
United States
7516 Posts |
It is worth a premium only when there is absolutely no trace of the GF and only when the coin is in a high MS grade! and it has been recognized as mint error.
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Pillar of the Community
United States
575 Posts |
Quote:
It is worth a premium only when there is absolutely no trace of the GF and only when the coin is in a high MS grade! and it has been recognized as mint error. Agreed as to the requirement that the FG be completely missing. That's part of the definition of the variety. As to the "high MS grade" comment, I think the PCGS price guide and auction records speak for themselves. I don't consider MS62 to be a "high" MS grade and yet people are apparently paying substantial premiums for these coins. |
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Valued Member
United States
117 Posts |
There is a saying that I tell my money management clients: price is truth. And that "truth" is transitory. Today it is one price, tomorrow another. PCGS only lists coins that have been attributed. I have not seen an attribution for the "floating roof". However there is a variety of No FG. If in time, it is determined that it is not as rare as originally thought, the price for them will fall. If my experience is any indication of scarcity of true NO FG in 1969 D 1C, they are scarce. I searched 5 penny rolls of 1969 D's and found 3.
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Bedrock of the Community
United States
62064 Posts |
This is the mintmark location for the FS-901:  It appears to be the same mintmark location on this coin as the others. |
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Valued Member
United States
66 Posts |
Also I struggle with doubling of any type. I have not yet seen a true DD in person. Sometines I think I get it but I dont. Like the pic I just put on here. It looks like the f in of has been triple struck if thats even possible. What am I seeing. Thanks again
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Valued Member
United States
66 Posts |
Oops I forgot to put it on  |
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Replies: 12 / Views: 1,195 |
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Posted 03/28/2020 5:06 pm
