My Newest Acquisition

I recently purchased this NGC holder because I could see that the coin does NOT match the description on the holder. I showed it to the local coin shop and they told me that it may have a premium because NGC errors are uncommon. The encased coin is an 1891-S that appears to be in AU condition.
I would like to know if this, in fact, true and whether I can expect to get increased value if I should sell this coin. Any feedback is welcome... Thanks

 

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I wouldn't exactly call it a premium but to me the unique factor does add a little value,possibly $10,welcome to CT!!!Most 1891 S Morgan's were well struck and really common even in the gem BU range,so whoever submitted this originally lost pretty hard.

 

It's considered an NGC Mechanical Error (Error Label).. Interesting how such a mistake occurred

I did a NGC Certification lookup and it's there

 

error matches the verification photo, list is 70 but I'm betting you could score 150 at auction for a booboo like that one.. Not millions but it's sure to carry a bit of premium

 

Offer it back to NGC at a premium or you'll expose them to the coin collecting world. LOL

 

I think NGC would fix the label at no charge. Some people do collect this like this but it’s a error by the TPG and not the coin so any premium would be small.

 

Hopefully @Morgandude11 doesn't mind.
Here it's your eyes and not the coin.

 

First, let me thank those who chose to reply today. I have an NDA from NGC already regarding a mislabeled coin. They were not forthcoming on a refund until I threatened to expose them.
Getting this coin reholdered would be the easy way to 'fix' this, and I seriously doubt that I can get double the value because of the error. I agree that $10 to $30 over NGC's Price Guide is probably realistic. Unless there is someone out there willing to give allot more...
In any event, I plan to keep this as is for the time being since the 1891-S in AU58 has about the same value as a 1921-S at the same grade.
On another note; I also have an ungraded 1938-D Nickel that appears to be at least Au 58 or better. The same coin shop told me not to bother getting it graded because it has ' pvc damage'? Can anyone explain what that is and how it affects the value of old coins?

 

It was kept in a container or book that had PVC in the material. That's a major NoNo for coins because it damages them. Take his advice. A 38 in 58 grade doesn't have enough value to pay the fee required anyway.

 

Deleted.

 

Found this in a roll of Dimes today. I know it's not much, but I didn't even know they existed until I found this one, lol.

Sorry the photos aren't any better, but I guess I was in a hurry. Kenneth

 

The Philadelphia Mint produced 1,497,510,000 dimes in 2015! It stands to reason that even a coin press can have a bad day...
When I looked on the PCGS site, it is clear to me that the 2015 D coins have much better clarity than the P coins, which indicates that the dies used in Philadelphia were probably overworked. I wouldn't be surprised if there are allot more dimes out there like yours.

 

I'm still trying to figure out what I'm supposed to be seeing.

 

As far as the dime goes it is all Die Deterioration Doubling. This happens when the die pairing is used beyond life expectancy.
The Denver mint has always been known to have better quality control than Philly.

As far as the NGC coin having a label error.
They are common and happen frequently. Yes there are some that collect them but only for a small premium.
It is only the submitter that gets to have the slab fixed at no cost. Once the coin is sold. It is charge to re holder. The only way that they might be willing to fix it is because you don't understand the rules.

 

Thanks for the information. As I mentioned, I am reluctant to go to NGC based on prior experience. It is sad to think that a company that sells itself as 'guaranteed' has such Quality Control issues. I don't have allot of PCGS holders (maybe 200), but I have NEVER seen one that is grossly mis-labeled.
Maybe that is why PCGS is considered the Premier grading company. It may also explain why the same coin will have a different value between the two grading companies, with PCGS regularly having a higher value.
I hope that everyone has a blessed New Year!

 

It is a simple mistake and happens with all the TPG's. PCGS makes the same mistakes.

 

Usually a mechanical error adds a small premium ($10-$30 quoted earlier in the thread is a good ballpark). However, it could hurt when the error is on something more expense or something not in your favor.

For example, if you had an 1881-S Morgan in a holder that said 1882-S, that would bring a small premium as both dates are worth about the same.

Here we have an 1891-S which is a better date than 1921-S in the AU 58 grade. eBay sales show the 1921-S AU 58 selling for $50-$70 on average while the 1891-S in AU 58 sells for $100-$135 on average.

 

I think you might have confused the 1891-S with the 1881-S.
The 1881-S in gem is common (about $175 in MS 65) while the 1891-S in gem isn't that common (around $1,200 in MS 65).

 

I realized that a day after,we all make misconceptions from time to time.

 

It definitely happens; no worries!