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 Replies: 11 / Views: 1,577 |
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Valued Member
United States
447 Posts |
I need a refresher course. Could someone please remind me which is position A and position B on the edge lettering? Right side up.....upside down...?!  |
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Pillar of the Community
United States
4000 Posts |
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Valued Member
United States
186 Posts |
POSITION A - Edge lettering reads upside-down when the President's portrait faces up
POSITION B - Edge lettering reads normally when the President's portrait faces up
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Valued Member
United States
186 Posts |
Sorry that info was in the link above.
Fast draw Scooby!
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Pillar of the Community
 United States
2448 Posts |
I seem to remember a big argument as to if a premium would be assessed to side "B" dollars. I looked at the PCGS site but never really found an answer. Anyone know which was supposed to be correct or if A or B edged coins carry a premium? If this is the wrong place to ask, I apologize.
Edited by carmykle
08/21/2010 2:49 pm
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Valued Member
 United States
447 Posts |
Thank you!
This is by far the best, friendliest, most knowledgeable group of folks on the net!!
Mike
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Bedrock of the Community
United States
17884 Posts |
Quote:
Anyone know which was supposed to be correct or if A or B edged coins carry a premium? Since the coins go into the edge lettering machine randomly oriented there will be for all practical purposes the same number of position A as position B coins. Since neither one is rarer, and both are available in enormous quantity, there should be no premium for either one. |
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Pillar of the Community
United States
2448 Posts |
Sorry, haven't checked back for a while. That was the argument Conder. Most said there was a fifty/fifty chance of either position being applied (simple law of averages) so no premium would be assigned. Which I can understand. Some folks were a little bit miffed. There seemed to be more of one position than another for certain presidential coins (I forget which) but the most, including TPGs were taking the wait and see attitude. Since the law of averages consider infinity, there could logically be more of one position over the other for any given single presidential coin but the law of averages could average out position strikes over the entire Presidential dollar program. |
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Bedrock of the Community
United States
12437 Posts |
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Some folks were a little bit miffed. No doubt the same folks that were trying to hock "upside down edge lettering errors" on Ebay  |
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Pillar of the Community
United States
2448 Posts |
I couldn't say about them trying to "hock" the coin. (I presume you're definition of "Hock" suggests a deceptive practice?) The guys collecting I know, know little of the minting process; and honestly I need to learn more myself. These guys never buy on ebay and only save coins they find in circulation or from the mint. Heck, when they didn't see "In God We Trust" on the coins they were ready to storm the mint. I am offering that they were saying; one way of edge lettering should have been right and the other wrong. If true, a variety has been created (albeit a widely populated variety). Since there can be only two widely populated varieties (excluding over strikes) I don't think it would pay much of a premium anyway. They were also offering that law of averages could conceivably allow only 10% of one years issue to be edged struck in position A and the next year the small mintage reversed as position B to proverbially average out the strikes. Now if, and only if, by chance, only 10% of a single position is struck in any given year, it may produce more of a premium than originally thought. That's their position and their sticking to it. Me I really don't care because smarter people than me will make the determination when the final numbers are crunched. But I can see their point; I think.  Edited by carmykle
08/29/2010 10:37 am
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Bedrock of the Community
United States
17884 Posts |
Quote:
They were also offering that law of averages could conceivably allow only 10% of one years issue to be edged struck in position A and the next year the small mintage reversed as position B to proverbially average out the strikes. Now if, and only if, by chance, only 10% of a single position is struck in any given year, it may produce more of a premium than originally thought. I don't know the proper math to actually crunch the numbers properly, but a little rough estimates says something like that may happen roughly once in every 512 years. (That answer is based on a simplification assuming they only strike 10 coins per year.) Edited by Conder101
08/30/2010 08:38 am
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Pillar of the Community
United States
2448 Posts |
I've forgotten, no purged, all my statistics course from my main brain group housing. I'll use your number when I see them at Christmas. Or maybe not, they may ask me to back it up somehow. Some of them are from the "Show Me" State.
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Replies: 11 / Views: 1,577 |
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Posted 08/21/2010 11:39 am
