I wonder what the story is behind this

For the error collectors.
I have seen off metal strikes before, but never a nail.
A penny struck on a nail for $9000.

http://www.ebay.com/itm/PCGS-1c-Lin...-Nail-MS-63-/291482789807?hash=item43ddba67af

 

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Cool! I don't think it will sell for the asking price, though.
There must have been a planchet between the nail and the reverse die. I'd like to see that planchet.

 

Did a verification check with that one.......trues up with PCGS.......I thought the nuts in China might be 'have atting' us. You'd need more money than brains to pick up that error at that price.

 

I can think of a lot better places to put $9000 for sure. But you never know, someone with unlimited funds might just have to have it.

 

How do you do a verification check?

 

http://www.pcgs.com/cert/

 

That's a pretty cool error, but 9K? Ahhhh, no.

 

Now if it was a screw instead of a nail.....

 

I love how they essentially gave a numerical grade to a nail.

Cool error, uncool price.

 

Well you see, what happened was this.... an enterprising mint technician realized he could make a lot of money if he fabricated some "errors." So, he put some nuts and bolts and nails and odds and ends in the machine, and out came pure money (literally). He then figured a way to get them out of the mint, and sold them to some suckers. And now, we have these so-called rarities.

Sorry, I just don't buy it.

 

How would you call that a Mint error?

 

Physics-fan called it. The only "blame" to be laid here ought to be on the doorsteps of the TPG's who legitimize such stuff with their slabs. Rather than let us argue about it out here like it should be.

I can buy the possibility of running into a known die marker struck into the thing, affirming it went through a press. It's a stretch, but I can imagine it possible to prove.

But to then slab and grade it? Man, that takes stones.

 

I bought this graded

 

That's a 63 at best.

 

I don't think that is MS64. I think it is more AU58 instead.
I don't think it would make 63. Because I see some hair lines in the fields.

 

Honestly I have no idea how this gets a clean grade instead of uncirculated. Ofcourse I have no idea how it could circulate

 

Here is another interesting error.
Folks might enjoy seeing.
It is a MS67 no less.
http://www.ebay.com/itm/NGC-1c-1999...p-MS-67-Red-/251937450240?hash=item3aa8a46900

And another.
http://www.ebay.com/itm/NGC-5c-ND-J...ip-MS-64-FS-/291500722109?hash=item43decc07bd

That is just a couple and they aren't cheap by any means.
If you worked in one of though contracted rolling companies, there is no telling what kind of side benefits you could get.

 

I don't know what's more impressive: that they assign a numerical grade to them or that they can secure them in the holder.

 

I don't think they should give them a numerical grade as well. Because people want them in holders, sure fine. Stick them in there, call it "Cent struck on xXxX" or "Multi struck on detached fragment" and leave it at that. The Sheldon scale is for grading coins not blobs and nails.

 

I semi-agree with you, but at least there is a strike to be graded on these. It's things like blank planchet errors that I don't understand being given a grade. If it was never even struck how does one go about grading it?