Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Error Coins
>
Bad Investment ? 2004 Wisconsin Extra leaf Error Coins
>
Reply to Thread
Message:
<p>[QUOTE="Anntron, post: 4960718, member: 109580"]Nice set.</p><p>I too purchased one example of each MS 65 in PCGS holders for @$200.00 a few years ago. I did not buy them as an investment, I bought them because of the backstory. I was intrigued that a low-level die room worker had the “hutzpah” to alter/improve the design created by a Master engraver. The fact that he/she did it TWICE is amazing. I think the initial mystery behind the coins' origins was the inspiration for the interest and high prices. When most experts eventually settled on a consensus opinion that the coin was created by an individual who intentionally altered two Working Dies to create the “High” and “Low” leaf varieties, they concluded the deed must have been done at the Denver Mint. Because these coins originated from intentionally altered Working Dies, they are classified as “subtypes” and are not true errors. However, the Mint never officially owned up to the entire "altered dies" theory and gave a rather weak explanation of their origin. I do vaguely recall that “someone” was terminated because of the event. Since the Mint would never admit that an unauthorized individual was able to alter a Working Die that resulted in a subtype variety being released into general circulation, the value of these coins slowly declined. However, to me, these coins are a testament to the power of an individual to have a significant historical impact with just the idea to do something harmless and intriguingly unique. He/she must have known this from the onset and had the courage to carry the plan through to the end whatever the consequences. <b>Bravo!</b> I own these coins because of the creator’s convictions, not the Mint’s lack of quality control. Keep the set, in my opinion, it is far more valuable than the money it may be worth.[/QUOTE]</p><p><br /></p>
[QUOTE="Anntron, post: 4960718, member: 109580"]Nice set. I too purchased one example of each MS 65 in PCGS holders for @$200.00 a few years ago. I did not buy them as an investment, I bought them because of the backstory. I was intrigued that a low-level die room worker had the “hutzpah” to alter/improve the design created by a Master engraver. The fact that he/she did it TWICE is amazing. I think the initial mystery behind the coins' origins was the inspiration for the interest and high prices. When most experts eventually settled on a consensus opinion that the coin was created by an individual who intentionally altered two Working Dies to create the “High” and “Low” leaf varieties, they concluded the deed must have been done at the Denver Mint. Because these coins originated from intentionally altered Working Dies, they are classified as “subtypes” and are not true errors. However, the Mint never officially owned up to the entire "altered dies" theory and gave a rather weak explanation of their origin. I do vaguely recall that “someone” was terminated because of the event. Since the Mint would never admit that an unauthorized individual was able to alter a Working Die that resulted in a subtype variety being released into general circulation, the value of these coins slowly declined. However, to me, these coins are a testament to the power of an individual to have a significant historical impact with just the idea to do something harmless and intriguingly unique. He/she must have known this from the onset and had the courage to carry the plan through to the end whatever the consequences. [B]Bravo![/B] I own these coins because of the creator’s convictions, not the Mint’s lack of quality control. Keep the set, in my opinion, it is far more valuable than the money it may be worth.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Error Coins
>
Bad Investment ? 2004 Wisconsin Extra leaf Error Coins
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...