Mislabeled TPG Slab Labels. Keep or Resubmit?

I have an Eisenhower proof clad blank planchet where the possible dates it could range from are labeled incorrectly; the dates state "1971-1976", when it should be from 1971-1978.

This coin is worth over $1,000 as there are only a handful known to exist. So, this being the case....should I have this corrected, or leave the mistake on there? (Again, it is clad, not 40% silver. The dates on the slab would be correct if it were in fact silver.)

Personally, I think it is super cool. An error coin with an error slab label!...but what do you people think? Any good reasons why I should probably get it corrected? And are there people who actually collect mislabeled TPG slabs?

 

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Personally, I don't think it is worth $1,000.

Chris

 

What do you think it is worth in PR62? I am only going by what the premier error expert in the country has told me who is a consultant with PCGS.

 

@Fred Weinberg, if you are here, please give a price

 

It's only worth what someone is willing to pay for it. Since, as you say, there are a handful of others known to exist, and those are probably already in the hands of error collectors or the owners are asking too much for them. How many error collectors do you think exist who are willing to pay that much for one? If the "premier error expert" in the country told you that is what it's worth, why don't you sell it to him?

I'll believe it when someone puts the cash in your hand.

Chris

 

A few times a year, I send in bulk orders of 100-200 Morgan and Peace dollars. While at least half of my submissions come back without mistakes, I've had as many as 5 dates or egregious errors (Rev. of 79 instead of 78, for example) on labels in a submission. I'm not counting calling a 1921-S a 1921 when the mint mark is missing because of a filled die, as I give the graders a pass on that one. The latest was a 1923 Peace dollar in a 1922 holder. Never has anyone wanted to have the holder fixed when given the option.

For the subject coin, I'd have them relabel it at a show, because the misattribution is a bit more subtle here than a wrong date on a coin, but it's not worth the hassle of shipping unless the TPG covered it round-trip.

 

1. I don't want to sell it.
2. I don't care what you personally think it is worth.
3. I am very happy with it.
4. I am very happy with whom I bought it from, and for what I paid.
5. Perhaps you don't understand that some people, when they see an item they've been looking for after several years, don't mind paying a little more. And I respect that the gentleman who sold it to me has a right to make some profit.
6. I would pay $600-$700 for a blank war nickel, though they go for around $450. But I don't care. They seldom come up for auction, and even less seldom in decent condition.
7. If I wanted a financial or investment advisor, I would have gone to a different forum.

 

This is just another instance where the OP asks for an opinion but doesn't like the answer. Typical!

Chris

 

Not at all. I didn't ask for opinion on the value of my item. My original post asked whether or not I should resubmit a factually incorrect label from a TPG.

You are just another example of someone who needs to learn how to read.

 

.

 

I bought that fine piece from him actually

 

Then you shouldn't have stated that it was worth more than $1,000. I don't need to learn to read. You need to learn how to write!

Chris

 

oy, lets place nice kids.

 

Leave it as is!
I have about 4 error on labels. They are cool.
Here are 2 of them.. Can you guess the label error?

 

Ok, as per my stated value, how did I arrive at this? (Again, this is totally irrespective of my post, and I never asked your opinion on it).

1. Some of the most well-known error experts, who publish books/articles and are regularly featured in Mint Error News, CONECA, and other coin publications, and are people that error collectors nationwide flock to when their tables are up at coin shows, agree that this is the estimated value. Exactly what are your qualifications, Chris?

2. They stated very few are known to exist, and mine managed to survive years without any scrapes, marks, nicks, wheel marks from counting machines or other devices, and ugly discoloration from improper storage before it was ever slabbed. It is Proof-62, and incredibly eye-pleasing for being what could be up to half a century old.

3. 40% Silver Ike blank planchets, for which dozens are known to exist, range from $350 if it is stained or badly marked up to $500-$700+ for eye-pleasing specimens, according to Heritage and Stacks.

4. 90% silver blanks of Morgans and Peace dollars range from $600 for badly tarnished specimens (eBay last month) to over $1,100 on Heritage a few months ago. Again, dozens are known to exist. Both error experts are selling these very items directly at roughly the same prices they are going for at auction. They are fair, personable, and honest men. Their prices reflect current market values, and so I have no reason to doubt the same for my proof clad Ike. And I respect they have a right to make a little profit.

5. I was told the clad proof Ikes are far more rare than any other of those other dollar blanks above, and there are fewer than a handful known. I can't even find a record of one single specimen being auctioned at any auction site after typing in "proof eisenhower blank planchet" or "proof Ike blank planchet."

I have only seen a couple others that were listed as "proof-like." I bought one of them hoping it was a proof as well from Jon Sullivan. He said if it came back as not a proof, he would refund my money. He said it *might* be a proof, or maybe an experimental planchet, and that there are no guarantees. He very kindly said he wants to know as well and offered to submit it for me to NGC. However, NGC said it was NOT a proof, and he did refund me because he is a stand-up guy. He has no record on his site in his archives of selling an actual "proof" Ike clad blank planchet. Again, because they are incredibly scarce.

So, Professor Chris, I think any reasonable person can deduce I have done my homework when I listed the approximate worth of my proof Ike clad dollar of $1,000. It was not an uneducated hapless guess. If dozens of one kind are selling for well over $1,000, then it is reasonable to assume one of only a handful would also at least be in that same category.

Believe it or not, some people other than yourself know what they are talking about. You are probably a great guy, but unfortunately you always come off as condescending, arrogant, and even mean-spirited to people who ask innocent questions. I don't mind humorous sarcasm, but you are very often rude to people and it is annoying.

 

1. Dime marked as $1 and not 10c
2. Are there only 2 clips and not 3?

 

that first one looks more like a Dime than a Dollar.
and 2 clips not 3 ?

 

1. Correct
2. Incorrect - there are 3 clips. They misspelled the word CURVED as CURVVED

 

CURVVED ... but that's slang for Really Curved

 

You can go on and on about all of the error specialists opinions. It doesn't mean anything because they aren't buying it. You say that you have no intention of selling it, so you can't say positively what it is worth.

FWIW, you are the one who started getting nasty and defensive just because I expressed my opinion on the value which you so readily brought up without anyone asking. You'll find a lot of people here who don't like to be told how they should answer when they are asked, "What is your opinion?" And, I'll bet there are some error collectors here who wouldn't pay $1,000 for it. Just like me!

Chris