How in the Heck???

That is the price for a STRONG reverse. This is a WEAK reverse. Neither PCGS not NGC list the prices for weak reverses, but previous Heritage sales went for $7,500.

 

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Ah, I guess I should've thought of that. Thanks for the clarification.

 

I stopped buying slabs when PCGS graded a VF IHC as AU with a fake, etched fourth diamond.

 

What it is is a case of the TPG quietly changing their standards. In the beginning they said they would not put cleaned or dipped coins in their slabs. Then they decided that dipped was OK, but not cleaned. Then we start seeing cleaned early coins in slabs. PCGS stated that they would NEVER put problem coins in their slabs. Then Genuine slabs showed up, but they said they would not put grades on them. Today they have grades. For years the only 22 no D cents they would slab was the strong reverse, weak reverses were slabbed as "weak D'. Lately they have started slabbing weak rev coins as No D. This is not the first weak reverse No D I've seen slabbed.

 

i feel stupid trying to point this out since you are the TPG slab research master... But wasn't this coin slabbed in 2005 or earlier? If so, that makes the coin in question at least 8 years in that same slab: attributed.

 

No it was slabbed after November of 2005 (That was when they dropped the coin and series numbers on the front label). The PCGS slab has not changed since then so this was slabbed sometime in the last six years.

 

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ok, I only thought 2005 cause in the description on the HA listing is says:

"Ex: Tom Mershon PCGS Registry Set (Heritage, 5/2005), lot 5341; Orlando FUN (Heritage, 1/2007), lot 1811, which realized $11,500.(Registry values: N7079) (PCGS# 2541)"

I took that as this coin being added to Mr. Mershon's Registry Set on 5/2005. Thanks for setting me straight though [/FONT]

 

I think the collector value is not the coin, but rather instead the holder and the description. This creates a whole new field of collecting. Written errors on sealed PCGS errors. Potentially worth zillions in 100 years.

 

And take a close look at the pictures from that lot (http://coins.ha.com/c/item.zx?saleNo=422&lotNo=1811). There it really looks like a NO"D".