Awhile back, I posted that I noticed an increase in the number of waffled (cancelled) coins in ANACS slabs, in auctions . I wondered if someone had acquired a waffling machine and was flooding the market, but others thought not. So, if something else is going on, what, pray tell, is it? And, why on earth would they slab a blank planchet? The need to cancel a blank planchet seems ludicrous. And how the heck do they grade these. It has got to be "tongue in cheek," right? Any insight?
It makes sense seeing them in the ANACS slabs. There's not really any price difference between an ANACS one or a PCGS/NGC one, but the ANACS error grading is SIGNIFICANTLY cheaper. Because they were submitted If they dont and someone got their hands on it they could potentially make something on it or make their own error type thing. It's basically just a security thing
Quality control. The blanks were inspected before they were struck and the Mint found something that was not up to the required specification for it so they sent it for cancellation. It and probably a few others.
@Mountain Man Here is an intriguing item I acquired several years ago. Cancelled planchets/coins are not considered Mint Errors but this NGC slab mentions that it is. I have only seen 2 others with the attribution
