Error coin, a dime struck onto a nail, is headed to auction

Don't you guys think all this controversy and publicity could increase the value of this oddity over time? Do you think an error collector or investor will be the winner ?

 

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The number of weird things which would have to happen consecutively for this to happen "accidentally" strains the imagination. Far easier to believe this was a deliberate effort on the part of a Mint employee. As such, anything this coin brings at auction, to me, is no different than bidding on stolen coins.

 

Hmmmm, I guess. Like pop art that a three year old made, could sell for millions?!?!? I guess it's in the eye of the beholder or people that have money to burn.

 

It was "obviously" not an accident, I was being facetious. If it's going up for bid, it's not considered stolen.

 

Oh, of course; I wasn't ragging on you and apologize if it was taken that way. I'm just not a fan of Mint-assisted "errors," and tend to overreact about them.

 

It is not the first coin printed onto a nail, however, said Fred Weinberg, a coin dealer considered one of the top experts in error coins. A few pennies in the late 1970s were struck onto nails. This dime/nail is undated, so there is no way to tell when the item was created. Weinberg said it is possible the dime/nail was made on purpose by a rogue Mint employee.

 

I'm not sure about a grade, but I think they nailed it!

 

Fred's probably got the high bid on it right now. I think he owns or owned at least one of the penny nails

 

The copy and paste job is certainly appreciated, but I didn't think nor imply it was. My intent was only to point out a similar type of "error", and where it could be found, in case anyone was interested in seeing it.

http://www.ebay.com/itm/PCGS-1c-Lin...789807?hash=item43ddba67af:g:eUgAAOSwv0tVbxyZ

 

I think the funniest part about the whole situation is that they essentially assigned a numerical grade to a nail. I oughta go to Home Depot, buy a box of nails, and see if I could work out some bulk order deal to get them all graded! It'd be sort of like an ASE monster box, only for nails.

 

Not a problem. You're singing my song!

 

And I'm still amazed how everyone including PCGS is calling it an "error" when it was obviously malicious intent. Someone's making money off of it.

 

TPG... that's all that should need to be said. Sure, they provide a valuable service, but they don't exist for the collector's or hobby's benefit; they're a business and as with any business, exist to make money. Special labels, gimmicks, loosening standards, etc, etc... all are perfectly designed to remove money from your pockets, so why would certifying an almost certainly "assisted" nail be any different?

 

How about an "assisted" hammer or screw driver? The rogue Mint worker should have stuck his belt buckle on the die!...... Or made a bunch of key chains. But your point is well taken.

 

Send your emails to:
info@pcgs.com
I just did...

Really folks??

why would you (PCGS) lower yourselves to give this obvious, malicious, "mint error" a grade.
And if I submit a 1889 CC that has been cleaned, you give a "details" grade.
You have really lowered your standards on this one.

 

Heritage auctions shares some of the responsibility. They could have said "get out of here with that."

 

I totally agree with that.

 

Really?? That was great!! I think I'll do the same. You're my kind of guy!!

 

Roger that!!

Basically like "BooksB4Coins" said, they are all walking away with a cut.

 

and to Heritage...
http://news.yahoo.com/error-coin-dime-struck-onto-165252745.html

Really folks?? why would you lower yourselves to take this coin for auction.
You should read what is being said on Cointalk...so much for your professional standards.