1999 $10 St. Gaudens W-Error Mint & Unfinished Proof Dies ICG-MS70

Hey how are you all doing... I have this coin "1999 $10 St. Gaudens W-Error Mint & Unfinished Proof Dies ICG-MS70". I know it's VERY VERY VERY VERY VERY VERY RARE due to the double mint error, and being PERFECT. I know a "1999 $5 St. Gaudens W-Error Mint & Unfinished Proof Dies ICG-MS70" is valued at $10000. However, it's impossible to find the prices, or ANY information on my coin, due to it's rarity. Any guesses on value?? edited - offers to buy sell or trade are not permitted here :hammer:

 

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I'm not sure about the value of your coin, but I am quite confident that it is not worth anywhere near $10,000.

You state that this coin is a double error...what is the other error? Can you post pictures?


-Paul

 

$750.00 plus
http://www.pcgs.com/prices/frame.chtml?type=date&filename=gold_eagle_mod

 

YES. I FIRMLY believe this coin is worth over $10000. See the photos. In the first one, the red circled one is the $5 version of the coin (look at 70 price). The second one, the coin circled in red IS MY COIN identical, and yes my coins ICG-MS70.

 

can you post pictures of the coin itself, both obverse and reverse? the chart is lovely, but not what we're looking for.

also, not to burst your bubble -- it's still a great coin -- but ICG isn't commonly considered one of the better coin grading and slabbing services. a PR70 from them might not be "equivalent" to a 70 from one of the other houses.

in addition, you should be aware that the PCGS price guide is inflated -- that is to say that the prices they list are generally higher than you'll be able to receive for your coin on the open market.

not trying to be mean, just want you to have realistic expectations. looking forward to seeing your coin!

v.

 

Alright I'll grab my camera and take some pics.

 

ICG MS-70 might be equal to PCGS MS69 or MS68

 

very HUGE problem right there... you can NOT use the PCGS price guide for ANY coind graded by other TPG's... PCGS price guide is ONLY for PCGS alsbbed coins. NGC price guide is ONLY good for NGC slabbed coins... ICG doesnt have a price guide .... nuff said

 

Just took the pictures, I'm using a OLD nikon coolpix 3100, it was impossible to get any good shots due to the glare and unsteadyness of my hand. And what makes ICG so bad? The Secret Service uses them, and they have some of the top graders in the world.

 

do you have a scanner? that may allow you to get some serviceable pics.

lol -- you sound as though you work for ICG. if you search this forum, you'll find a number of threads related to the various coin grading services and their respective merits.

may i ask where you picked up this coin?

v.

 

I work for an aparment complex, and older gentelmen passed away and no one came to get his stuff, and by our state law, the belongings were ours.

 

Well here it is, Sorry about the horrible back picture but my camera EATS batteries for dinner, and I was tired of trying.

 

there are others on this forum who know a great deal more about slabbed U.S. coins than i, but one relevant question you need to ask yourself is this: is this a coin you'd like to sell in the near future, or something you'd like to hold on to? if it's a keeper, my impression is that it may (underscore the may) be worth having the coin re-graded by a different service.

but 99.9% of my coins aren't slabbed, so i leave you to the advice of others. regardless, you've found a special coin -- take good care of it.

v.

 

Yes, and the Secret Service destroyed two BU Red rolls of 1969-S "Doubled Die" Lincoln Memorial Cents because they thought that the coins were counterfeits! And you are going to trust their judgement.


Frank

 

I think you might be able to sell it for $800-1000, I am 100% sure nobody is going to pay anywhere near $10000 for it. Even if you resubmitted to PCGS and the coin become the certified to be MS70, nobody is going to pay $10000 for it. PCGS is much more stricter in grading than ICG.

 

Regarding the different grading services, they have different standards they judge by. PCGS is definitely the most stringent, followed by NGC. To get an idea of the differences in market perception, you can check fairly common, more modern coins on Ebay, such as the First Spouse gold coins, or Silver Eagles.

Recently closed 2006-W Silver Eagle MS70
PCGS - $1,000
NGC - $250 - 500

I could not find any IGC-graded ones, but from experience, I do know that IGC coins generally are valued less than NGC-graded coins.

The reason for the disparity is that people know many NGC 70's would be graded 69's through PCGS. As ML94539 stated, yours may be an MS68 or MS69. To add to that...it could also well be an MS70 through another grading service. IGC isn't terrible as a grading service. There are some terrible companies out there. I've seen MS70's from SGS which would probably not even be an MS65 through most services.

I believe with the IGC70, you would probably get about the same as you would with an ungraded coin. If you're interested in a small gamble to possibly boost the value significantly, you can send it in to PCGS or NGC for grading and encapsulation in one of their slabs. Unfortunately, I don't know about NGC, but I use PCGS and in order to grade coins through them, you first pay for a membership, which include free gradings, but you will be paying $100-200 to get set up with them. It might be worthwile.

As has been stated, regardless of the grade and grading company, you have a great coin, especially with it being such a find!

 

Yup its too bad that there's less then 200 with both the W and the ink thing?

 

Nothing. They're not so bad. But they're not PCGS either.

The point is that coin might be very valuable if certified MS70 in a PCGS slab... but not in an ICG slab.

Take a look at that PCGS price guide. Notice that only the MS70 is highly valued. A drop of but a single point to MS69 drops the value to $925.

Why do you think the MS70 is worth 100x the MS69 ?

Because their are only 4 graded MS70... but there are over 1300 graded MS69.

So if you really want to give it a try, consider cracking yours out and sending it to PCGS. But first find out what they're selling for in the ICG slab.