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1955-S Lincoln Wheat Die Chip Error In S & 9?

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3535 Posts
 Posted 09/11/2024  2:50 pm  Show Profile   Bookmark this reply Add Tacc to your friends list Get a Link to this Reply
I believe that a die chip should not be labeled as a Mint Error.
However, with TPG companies now labeling them as such,
it is apparently becoming a trend as with this PCGS 1955 "Mint Error"
graded "minor die chip in date" coin. To me it sets a bad precedent,
but I guess it's now a thing.
1955-S-Lincoln-Wheat-Die-Chip-Error-In-S-&-9?
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Seeker_101's Avatar
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 Posted 09/11/2024  3:06 pm  Show Profile   Bookmark this reply Add Seeker_101 to your friends list Get a Link to this Reply
With TPGs calling them errors, they just see the the $$ from attribution services. There are many more coins with chips than errors or varieties out there.
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 Posted 09/11/2024  3:06 pm  Show Profile   Bookmark this reply Add rmpsrpms to your friends list Get a Link to this Reply
It has been a thing for a long time. "Mint Error" encompasses pretty much all the things that can happen due to the striking process, including damage to the die resulting in chips and cracks and such. Many folks feel that Die Varieties should also be called Mint Errors, and there is some merit to the argument, but I personally don't agree since they are not the result of the minting process.

That said, I also personally don't think that minor errors should be listed as such. They don't add value to the coin.
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Edited by rmpsrpms
09/11/2024 3:09 pm
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Tacc's Avatar
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 Posted 09/11/2024  4:16 pm  Show Profile   Bookmark this reply Add Tacc to your friends list Get a Link to this Reply

Quote:
With TPGs calling them errors, they just see the $$ from attribution services


Quote:
also personally don't think that minor errors should be listed as such. They don't add value to the coin.

Yes the TPG's are out to make $$$, and indeed the minor errors don't add true value.
I do believe TPG's are necessary to coin collecting and do appreciate them because they
identify/confirm valuable coin errors. I've not purchased any coins (besides, sealed Mint Sets) but if I were going to buy a "valuable" expensive coin I would want it to be graded
and encapsulated, or at least from a known ebay seller. The minor errors on graded coins
to me, take away from the true valuable error coins.
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