Picked this up yesterday... very rare 1853 $1 40 variety

Discussion in 'Coin Chat' started by jwitten, Aug 16, 2015.

  1. jwitten

    jwitten Well-Known Member

    Very rare 1853 $1 40 variety. What do you think?

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    Last edited: Aug 16, 2015
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  3. Kirkuleez

    Kirkuleez 80 proof

  4. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

    You crossed out the NGC certification number but you can still scan the barcode.

    The NGC website states - Denomination?
    40.JPG
     
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  5. Kirkuleez

    Kirkuleez 80 proof

    I'm even more confused, I assume that this is a slab "variety".
     
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  6. jwitten

    jwitten Well-Known Member

    Haha, I didn't think anyone would go to those lengths! It is an error on holder would be my guess. I was hoping to confuse a few more people. I have no idea how or why they put "40" where the denomination goes. I thought it was an interesting holder (probably one of a kind), so bought it.
     
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  7. Dancing Fire

    Dancing Fire Junior Member

    b/c it is a $40 gold piece.
     
    Rick Stachowski and Kentucky like this.
  8. Kirkuleez

    Kirkuleez 80 proof

    You had me digging out old books! The good news is that I found my old Penny Whimsy while hunting it down.
     
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  9. jwitten

    jwitten Well-Known Member

    It can be yours for a very reasonable price... haha
     
  10. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

    There is no $40 gold piece. And if there were it would be much bigger than the one in question!
     
  11. saltysam-1

    saltysam-1 Junior Member

    I have seen them call a 5 cent piece a dime and print the incorrect date on a seated liberty half. I guess this is why they offer to replace miss-typed labels at no charge. I talked to a PCGS rep at one of the shows and he assures me that it doesn't cause the coin, which is graded properly, to increase in value because of a secretary's typing error. In fact, larger auction houses will insist on it being corrected before they will put it in an auction or catalog. Smaller auction houses will make note that it is incorrectly labeled. No one wants to get involved in misrepresentation. So you can keep it as is or sell it privately.
     
  12. jwitten

    jwitten Well-Known Member

    Well, in this case, it DID increase the value! :) Some people like oddities like this. The coin is the same (if I took it out, it would be worth the same), but the holder is unique to some (like me), who will pay a little extra for it.
     
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  13. Dancing Fire

    Dancing Fire Junior Member

    For a rare $40 gold piece?...how many were minted?..:confused:
     
  14. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

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