1970 quarter = $35,000 price tag

Pretty sure the Mint Director is newly appointedand as such had nothing to do with the goings on in 1970.

 

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Story starting to hit the non-coin news outlets...

http://www.foxnews.com/tech/2016/06/08/1970s-quarter-selling-for-thousands-on-ebay.html

 

If true that just means they were hiding them.in the SDB to wait until the waters cooled off. Think of the movie "goodfellas" or the 1913 nickels. The mint employee waited 20 yrs. It was smart to keep them there until it was "safe" lol

 

No, they're just trying to get in on the clickbait traffic...

 

I would love for the owner not to be able to sell it, and try to donate it to a museum and deduct the $35,000 value on his taxes. The IRS can be tough.

 

I could be wrong but I believe that the 1913 Nickels Surfaced 7 years after their creation thereby avoiding Statute of Limitations laws?

From Wikipedia:

"But in 1920 the numismatic community learned of five Liberty Head nickels dated 1913, all owned by Samuel Brown, a numismatist who attended the American Numismatic Association's annual convention in 1920 and displayed the coins there."

 

Not in 1970.

More than likely in a pocket since I don't think that metal detectors were used to screen employee's coming and going at any US Mint Facility.

I could be wrong, but I think that this policy was implemented in 2000? Maybe Conder will chime in.

 

I think you are correct. He previewed them at a coin club or show or auction I believe then he vanished and they surfaced another 10+yrs later. I'm only going by memory from reading the story a few years ago so I could be wrong but my point is still valid

 

Could be the same as the 1933 $20 - gov't contends they were never legally issued so statute of limitations doesn't apply - it's not theft, it's reclaiming gov't property.

 

That fox report actually explains more than any other article

 

If it has never sold before, how are all these news agencies, including the seller, arriving at this figure? He has National advertising now and it still hasn't sold.
I'm thinking the only ones buying it are reporters that have nothing but this or the election to report about, and everyone is tired of hearing about one of those, with the other beginning to run a close second. We need another sports scandal.

 

Hey now, any coins in the press is a good thing for the hobby... Except a story of how China is flooding the US with counterfits

 

Less we forget the guy who saw everything under the sun printed on his coins and was going to prove to the world how it happened.

 

Peter can make a crap ton of money if he brings back @teachmind to pit him against @Insider on a pay-per-view thead

 

That would be classic. I'd watch it on my bootleg cable box though. Sorry Peter.

 

Lol

 

Reminds me of this thing:

 

Is that yours?

 

No, the other proof 1970 S quarter that was struck on a 1913 Barber quarter. This further my belief that these are not legitimate mint errors as they had to have been made on purpose. "Error" implies "by accident," and this was no accident.

 

As was said upstream, Mike Byers is a nationally known error dealer - http://www.mikebyers.com/

he is the publisher & editor of the long running (and recently resumed) Mint Error News - http://minterrornews.com/

Go ahead and read the latest issue - I'll wait. Jon Sullivan has a great article on the auction market on page 18ff.

If somebody like Jon or Fred or Andy chimes in with "it's not worth that", then I'll listen, but economics teaches us that an item is worth what somebody is willing to pay.

Mike believes it is worth $35K and is conducting a PR campaign to reach the buyer who agrees with him.

More power to him as well as Caveat Emptor...