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PCGS Damage Or Mint Error?

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United States
14 Posts
 Posted 01/12/2011  09:50 am Show Profile   Bookmark this topic Add Keeper to your friends list Get a Link to this Message Number of Subscribers
I recently purchased several proof 2010 Lincoln pennies in PCGS Lyndall Bass-signed slabs to give away as gifts. One of the slabs looks like this:


PCGS-Damage-Or-Mint-Error?

The label is not aligned correctly and the penny has a spot at the top of Lincoln's head where some copper is missing and the Zinc alloy is visible. There is a small piece of copper in the middle of the spot and also some discoloration around the spot. Here's a close-up of the spot:


PCGS-Damage-Or-Mint-Error?

PCGS-Damage-Or-Mint-Error?

What are the chances that this is a mint error instead of PCGS damage? It's not clear to me how PCGS could have damaged the coin, but since they didn't get the label aligned correctly I wonder. Also, PCGS did not note the damage on the label, although since these were mass-produced Lyndall Bass signed slabs PCGS was probably working too quickly to notice. Based on the seller, I'm confident this is genuine PCGS.

Any suggestions about what I should do with it? I see four options: (1) return it to the seller for a replacement, (2) return it to PCGS under their guarantee, (3) hold on to it to show people that PCGS sometimes makes mistakes that are released into the wild, or (4) add it to my collection as an error (if it is truly an error). I welcome any other ideas.

--K

Edited by Keeper
01/12/2011 09:51 am
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/12/2011  10:08 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
My guess is PCGS didn't do that to the coin. It almost certainly came from the Mint that way, almost certainly a problem with the planchet, and if it isn't the damage doesn't look mechanical but chemical- or heat-related.

Your imaging skills are obviously up to par. Document it as precisely as you can photographically and return it to PCGS under their guarantee. Even if it's DCAM, I couldn't imagine that spot costing less than 3 points of grade, and probably more. That coin doesn't belong in a 69 slab. Document the return process, as well, just in case something comes up.

PCGS should be made aware of their error. Yes, the dealer lies in the chain of blame and he would certainly make you right, but then PCGS would not know about the problem as the dealer would probably just can the coin rather than make the effort to return.

Give them the chance to correct their process, and retrain a grader.
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biokemist6's Avatar
United States
12437 Posts
 Posted 01/12/2011  10:41 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Not an error, just unfortunate corrosion. The copper is intact and no zinc is exposed but someone was probably talking over this coin and got some spittle on it
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/12/2011  10:56 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Ooooh. Hadn't thought of that.
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Conder101's Avatar
United States
17884 Posts
 Posted 01/13/2011  12:46 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
The label is poor quality control, but the cent probably turned in the holder after slabbing because it got contaminated somehow. The idea of saliva from someone talking over the coin is quite likely.
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Billie's Avatar
United States
592 Posts
 Posted 01/13/2011  1:02 pm  Show Profile   Bookmark this reply Add Billie to your friends list Get a Link to this Reply
And yes, People do drool over pennies.
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