I Stand Corrected..............

For quite some time now, I've always stated that PCGS will NOT put Discovery Coin on their slab labels.

I found out today that I am wrong.



The above was sold in a 2012 Heritage Auction so, evidently, PCGS "will" put Discovery Coin" on the Slab Label.

 

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What's a discovery coin?

 

The first reported specimen of a new variety.

 

In theory, yes. But then it should properly be labeled as "First Reported". Right?

 

OMG! Congrats! I've called PCGS about this, as recently as last month! Others have called PCGS about this. PCGS said they would not do it for the recently discovered 1919 DDO Merc! I have a coin I want to try this with....any more details? PLEASE!

EDIT: Oh wait, that isn't yours? Do you know who owns it?
EDIT#2: PRE-PRONG SLAB

 

They probably did this just to piss you off!

Chris

 

What provenance is done to authenticate the coin to be THE discovery coin? I find this interesting...someone could have already discovered it and just kept it to themselves. Seems like there could be multiples of a "discovery coin."

 

No, I think they did it for a big time PCGS Authorized Coin Dealer since they get preferential treatment and specialized labels.

The only reason I brought it up was because I've been told since 2004 that PCGS does NOT put Discovery Coin on Slab Labels yet, the above is physical proof that they do.

Just not for us weenies.

 

Since the CONECA listing says the coin they examined is an MS65 and the only other coin in the PCGS Pop Reports is an AU58, my guess is that it was submitted to CONECA first and then CONECA then forwarded it to PCGS for slabbing.

ANACS does not have any in their population reports.

I have no idea whose coin this was when it was initially submitted but it does reside in a PCGS Registry set.

 

I've seen a few of them, but don't remember the coins exactly.

 

Does your definition of "Discovery Coin" match there's?

 

Like I said........just to piss you off!

Chris

 

Almost certainly.

What you expect them to tell the TRUTH!? Back in 2003 they denied having ever made multi-coin holders. Then we showed them images of them they then admitted they had made them. In 2004 they said the multi-coin holders have been discontinued but I have 2006 State quarters in a "non-existent" multi-coin holder.

NGC lies as well, just not as often. They officially discontinued their multi-coin holders in 2011, but a 2015 set of silver proof ATB quarters has been seen in a multi-coin NGC holder.

 

Ahem...

 

I want to say that it was one of the missing edge letting presidential dollars that was also labeled as a discovery coin and the roll hunter that found it got a cash award. I can't remember the president, but it was one of the earlier ones.

 

Why lie about making multi coin holders?

 

Good question, unfortunately no good answer.

 

This topic was propogated over to the CU Forums and the original submitter of the subject coin posted this reply:

"I sent the CONECA certificate of discovery/first report along with the coin. That's all it took. I have never gotten any special treatment from PCGS."
AND
"That's my discovery coin, found at a show in Jamestown, NY in 1998. I subsequently sold it at the 2013 FUN show. It has nearly the spread of the 1942-D 1-O-I on LIBERTY but the hubbings were very close in strength so the division lines are very weak. It has very strong notched corners, tho. I believe there's still only a few known. It's the biggest of my discovery pieces so far in 25 years of cherrypicking. "

So there you have it.

Edited to add thread link at CU.

http://forums.collectors.com/messageview.cfm?catid=26&threadid=948056


Carry On.