2008 James Monroe $1 struck on 10c Planchet!

I don't believe it was even struck intentionally at the mint, how would a small dime planchet between dies the size of the dollar strike with that much detail?, wouldn't it be free to spread out laterally in all directions?

 

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"Honestly I am having a hard time believing this is real. If it was, why didnt the guy get this graded, even if he does prefer his coins raw I think he could get more money if it was certified. On the flip side at least he is stating:

"I never really planned on ever selling this coin so I never bothered to get it certified and besides, I personally prefer my coins raw. Things came up unexpectedly and now I have to sell this coin. It's raw but I guarantee it's genuine and I'll put my money on it.If you send this coin to PCGS, NGC or ANACS and it doesn't come back as genuine, just send it back to me along with your certification form and I'll refund you 110% plus your grading cost! You will get back %10 of your purchase price on top of your full refund plus grading cost if it does not come back as genuine. No one else would give you this guarantee but I will."
Hopefully it is real."

I agree. Thats ALOT of money for an ungraded example. One would think that a piece like this would be graded to maximize it's potential. It also, after grading, should have been put on another auction venue to maximize value....not to mention, the shenanigans that COULD possibly go on with ebay buyers....like 'a hole in the mailer, no coin', for starters. Remember, ebay is the buyers friend and the sellers nightmare.

 

Yes it might bring more money if it was graded......from someone who has no idea what he is looking at but has had it hammered into his head to only buy slabbed coins and that they are worth more than unslabbed coins.

An error specialist who knows what he is looking at knows what this is and can most likely tell for himself that it is real. Since it is unique, if it is raw and worth $11K, why would the exact same coin be worth more if it was put inside a piece of plastic at the same grade as when it was raw? If you put it inside a piece of plastic but put a higher grade on it, does that make that exact same unique coin worth more? Is it worth less if the plastic has a lower grade for that exact same unique coin? It's no like you can go out and buy a better one instead. If it gets slabbed and then they send it in again and it gets a different grade why would that change the value of the coin? When you have a unique coin it's worth what it is worth and it shouldn't matter what grade I call it. In my opinion, the only reason a coin like this would be worth more because it was put in a piece of plastic would be because the person buying it DOESN'T know anything about what he is looking at and is using the magic plastic to justify throwing even more money at it.

 

how was this coin found? In a roll?

 

In a mint sealed bag of golden dollars.

 

I wonder if this isn't another 'seeding' of rare material by the mint to bolster revenue.
I hear people saying the 2008/rev 07 ASE was done on purpose to drive the hobby up.

 

Just where would one find a bag of golden dollar coins?
The mint never has them.
I would love to know somebody who works in a rolling room.

 

Maybe a play on words. It is a genuine coin, maybe not a genuine error.

 

You know, getting the thing graded takes time. If the buyer sends it off, and it comes back bodybagged, the seller could have taken the money and ran, he would have maybe two months to do it. Plenty of time to cover his tracks too. He does have over 800 feedback, which is a good sign, but for $11k, I could see somebody abandoning an ebay account.

EDIT: You know, I just checked his feedbacks. He sells a lot of valuable coins, so I'm sure the refund offer is legit. The fella that bought this error left his feedback too, so the transaction went though safely and completely.
http://feedback.ebay.com/ws/eBayISA...sspagename=VIP:feedback&ftab=FeedbackAsSeller

 

i am sure it's genuine, the person that bought it is a major coin error dealer, he knows what he is doing.