Is this real? How much is it worth? Any bidders? You can not advertise if (1) you do not have 10 posts, and (2) only in the classifieds. Please read the FAQ and rules of the forum. Thank you. Desertgem.
Welcome to CT. Stick around and enjoy. As for the 1959-D wheat, see http://www.scvhistory.com/scvhistory/signal/coins/sg090206-coins.htm.
First we need a picture to verify it's validity. Then you probably want it verified by a TPG like PCGS or NGC.
The only known coin was labeled a counterfeit even though the Treasury department authenticated it twice. A Man convicted of murder on death row allegedly confessed to counterfeiting it. There may have been more minted, but that was the only one to ever surface that I have read about. Rim's link has the story.
actually, not 'labeled' as a counterfeit. there are no definitive answers yet. The convict's story never checked out, and the US T'Dept declared it genuine. But it was recently sold 'raw' with no opinion on it being genuine by the auction house.
SGS = Star Grading Service MS-70 = Mint State 70 - The highest possible grade for a Business Strike coin. A perfect coin with no flaws. SGS "grades" and slabs coins. Their reputation is poor among knowledgeable coin collectors. Almost every coin graded by SGS has a grade several grades higher than the most reputable grading services (PCGS, NGC, ICG, ANACS) would grade the coin. This causes beginner collectors and non-collectors to pay much more for the coin than it is actually worth. An inordinately high number of coins graded by SGS have a grade of MS-70 (or PF-70 for Proof coins) and collectors with rudimentary grading skills can tell these coins are greatly overgraded.
I'm definitely not a fan of SGS or any of the other third-world grading services for that matter, but why does everyone keep saying that they grade everything MS70? Isn't this exaggeration just as ridiculous as their overgrading? Chris
