....Find Rare Error Coins in Circulation.....

If you would have sent a shot glass in with it you would of got an 69-70

 

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As this is said in many ways I'm sure, maybe the way you said it here, should be posted for all of us to see. Kind of like hitting your head against a wall for you guys I'm sure. Thank you all.

 

@paddyman98 What criteria would you use to differentiate between damage and error? Some coins come straight from the mint with what we would call damage, like struck through debris. Is this damage or error? Others look like errors from the mint but are actually post mint or irrelevant. Others are natural variations in the processes. This is a big question, but, with a lot of new collectors it might be helpful to have some guideline. Is there currently published info on this subject?

 

Ok.. This question has many answers. All of the questions we have tried to answer over the years here in CoinTalk. Some are simple such as you first must learn the Minting process of coins. Once you understand that then you can see how Mint Errors occur and cannot occur. I tell you this though.. I didn't learn overnight. Almost 34 years ago there were no websites or forums. I went to bookshops, read coin magazines and hung out at coin shops to learn about Mint Errors. I made many mistakes which actually taught me the differences between a true error and damage.
The next thing after learning the minting process is simply having some Common Sense! This is something many people lack! Many damaged coins are so obvious but some are to quick to label them Mint Errors..
Now we have we websites, forums such as this one, books and specialists that can help.
I say don't assume it's a Mint Error. First investigate. If you can't figure it out then call on the specialists.. And don't disagree or argue with them! We know our stuff!

 

I agree. But, respectfully, is there a clear line between a "mint error", a "minting anomaly", "process variation" and "damage"? Or, is this subjective and each person must find his own answer? I always thought that repeatability factored in to equation. If there are identical repetitions in as minted conditions, then, it must be an error. Thanks for giving your time.

 

Yes!

 

That would be a variety.. Different from a mint error
https://www.ngccoin.com/news/article/1655/Variety-versus-Mint-Error/

And

https://www.pcgs.com/news/mint-error-or-die-variety

 

Thanks, I appreciate the leads.

 

That was back when gold hit its all time high in 2011 and owning Gold proof sets was the in thing to do. I don't think the coining was any better or worse then. but the TPG's were under pressure to pump out as many perfect sets as possible to satisfy the demand. Remember who was the TPG customer, the dealers......

 

Most if not all minting anomalies can and are caught at the mint by QC and alert coiners as they can and sometimes do stop the presses because they generally are not repeatable and results of malfunction ..Errors sometimes can run for hours before discovery making them virtually impossible to account for as to the total that can leave the mint. A recent Coin World article addressed the 3rd party sorting and coin rolling contractors actively hunt for errors to supply large dealers resulting in 2017 legislation for these errors to be returned back to the mint. So there is an underworld connection with errors supply and demand chain that most, myself included, never knew existed.

 

Maybe that is true for the low-end grading services, but for the top grading services, it is just a bunch of crap with no foundation of proof. You're out of your mind if you think they would risk their reputations to satisfy any dealer, as you suggest, then maybe you should consider collecting beanie babies or something.

Chris

 

have you read their disclaimer? who do they cater to? it's not the guy sending in a couple dozen a year for grading.....https://www.ebay.com/i/151086754646?chn=ps

 

that's exactly what was going on in 2008 and 2011 check out pop reports for gold sets from pcgs those years they weren't being sold at Kmart...

 

Their disclaimer has nothing to do with it. That disclaimer applies to everyone. I submitted to NGC for 10 years, and I visited their office in Sarasota numerous times as a individual collector - not a dealer. I challenge you to prove anything you've said.

Chris

 

The pop reports don't identify who the submitters are. You're making allegations out of the wrong end of your body.

Chris

 

I beg to differ....was it US Gold proofs, mints and sets that YOU "submitted to NGC for 10 years"? I believe you are attempting to derail my comments as I never mentioned NGC at all but a different ATS service. In case you were unable to perform a Google search, here is a portion of a disclaimer I was referring to "...prices listed in the P___ Price Guide are average dealer asking prices for P___-graded coins. The prices are compiled from various sources including dealer ads in trade papers, dealer fixed price lists and website offerings, significant auctions, and activity at major coin shows. Dealer specialists and expert collectors provide pricing input. The coin market is volatile and thinly capitalized. Significant short-term price swings are always possible. Coll______ Univ____, its principals and representatives do not guarantee a profit or guarantee against a loss for any coin you buy or sell based on the information contained in this Price Guide or any Colle_____ Unive____website. You buy and sell rare coins at your own risk. Furthermore, Colle_____ Univ____, its principals and representatives do not guarantee the accuracy of any price in the P___ Price Guide." Just in this paraphrase I notice the term Dealer mentioned at least 3 times and any description even similar to what I used "the guy sending in a couple dozen a year for grading..." not addressed at all. And to your previous comment "...a bunch of crap..." could go more than 1 way. " maybe you should consider collecting beanie babies or something." isn't such a bad idea!.. https://www.ebay.com/i/151086754646?chn=ps
Good luck with the MS 68 and 67's.

 

It was none of those. It was the toughest group to have graded. Uncirculated coins from bags & rolls.

[QUOTE="tammiGee, post: 3300323, member: 98133"[FONT=Verdana,Geneva,sans-serif] [/FONT]I believe you are attempting to derail my comments as I never mentioned NGC at all but a different ATS service.[/QUOTE]​

Well Gee, this must have been posted by another Gee...…."Was back in the Gold/Silver roller coaster days and a lot of precious was being graded and sold. Mostly PCGS in the sets and NGC for the individuals and Mint States."

[QUOTE="tammiGee, post: 3300323, member: 98133" In case you were unable to perform a Google search, here is a portion of a disclaimer I was referring to "...prices listed in the P___ Price Guide are average dealer asking prices for P___-graded coins. The prices are compiled from various sources including dealer ads in trade papers, dealer fixed price lists and website offerings, significant auctions, and activity at major coin shows. Dealer specialists and expert collectors provide pricing input. The coin market is volatile and thinly capitalized. Significant short-term price swings are always possible. Coll______ Univ____, its principals and representatives do not guarantee a profit or guarantee against a loss for any coin you buy or sell based on the information contained in this Price Guide or any Colle_____ Unive____website. You buy and sell rare coins at your own risk. Furthermore, Colle_____ Univ____, its principals and representatives do not guarantee the accuracy of any price in the P___ Price Guide." Just in this paraphrase I notice the term Dealer mentioned at least 3 times and any description even similar to what I used "the guy sending in a couple dozen a year for grading..." not addressed at all. [/QUOTE]​

You need a course in reading comprehension, and I don't need a Google search to recognize that you are referring to the PCGS Price Guides which has absolutely nothing to do with their submission and grading policies! Naturally, the price guides are based on dealer transactions, not private party transactions.

[QUOTE="tammiGee, post: 3300323, member: 98133" And to your previous comment "...a bunch of crap..." could go more than 1 way. " maybe you should consider collecting beanie babies or something." isn't such a bad idea![/QUOTE]

Your comments are still without foundation!

Chris