NGC DIE CHIP Label? - First I've seen this!

Discussion in 'Error Coins' started by paddyman98, Apr 10, 2017.

  1. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

    Last edited: Apr 10, 2017
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  3. Paul M.

    Paul M. Well-Known Member

    That's pathetic.
     
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  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    @paddyman98

    Someone correct me if I'm wrong, but it is the trivial varieties that NGC doesn't like to attribute. Since errors don't have an affect on their census numbers, as long as the submitter is willing to pay the extra fee, they will put it on the label.

    Chris
     
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  5. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Gotsta get that money....

    As I see it, the bigger potential problem with this is it essentially validates all the schmoes already peddling this kind of crap as being something special, or as genuinely/widely accepted "error" coins, which is much more damaging imo than NGC's direct decision to label such nonsense "mint error". Now, with this idiot asking $153 (or what, like 10x+ reasonable high retail?) for this travesty, it can act as a baited hook for the other scrubs to try to hook the nearest sucker. Not that anyone in their right mind will pay it, but let's be honest here; those already buying such coins rarely understand what they're getting into, so it isn't really much of a stretch to assume asking price vs. price paid a foreign concept as well.

    And before someone points out that it technically is a mint error, I'm well aware of this, but it doesn't change the greater point.
     
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  6. ldhair

    ldhair Clean Supporter

    That's the way I understand it. Just pay the fee.
     
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  7. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Unfortunately, we get more than our fair share of "know-nothings" here who are sucked into thinking that every little damn crack or break is worth money because they heard it, not only on BoobTube, but right here as well.

    Chris
     
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  8. mynamespat

    mynamespat Well-Known Member

    Let's say I have a 1963 Franklin half with a full bell, but it didn't get the designation because there is a die crack barely crossing the bottom bands. If I get it designated as a die crack does it qualify for full bands now?
     
  9. Rick Stachowski

    Rick Stachowski Motor City Car Capital

    Looks like single squeeze hubbing is doing its job well . Less errors & varieties and now, junk like this to slab because of single squeeze hubbing ..
     
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  10. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Fewer varieties? Isn't there one of the ATB quarters with 100+ doubled dies? I believe there are crappy Zincoln's with the same problem.

    Chris
     
  11. ldhair

    ldhair Clean Supporter

    I'm good with the folks at NGC putting this type of stuff in slabs. It's up to the hobby to understand that it has little value. The slab cost more than the value of the coin. I just hope that those that try to sell or collect this type of stuff understand that.
     
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  12. Fred Weinberg

    Fred Weinberg Well-Known Member

    First I've seen too - thanks for sharing it.

    One of the reasons why there is no POP report
    for mechanical errors (vrs. Die Varieties) is that
    both PCGS and NGC agreed almost 20 years ago
    that an off center cent could have a pop of 1 (or
    more depending on the %, Grade, etc. - or
    a Quarter on a Dime could have a particular POP of
    4 or 8 pcs. - and that a telemarketer would offer the
    coins to their customers as 'Pop 1" or 'Pop 7', and
    charge a huge price for the low pop.
     
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  13. Rick Stachowski

    Rick Stachowski Motor City Car Capital

    Yes, there is a ATB with 100+ DDRs . Which consist of a mark here and a mark there . As for the Lincolns, I don't mind the memorial or the wheat .

    Speaking of the memorial, here's a coneca,1971 DDO-003 .
    SingleShot0066.jpg SingleShot0070.jpg

    SingleShot0028-0.jpg

    SingleShot0036-0.jpg

    SingleShot0048-0.jpg

    SingleShot0005-0.jpg

    SingleShot0012-0.jpg
     
  14. tommyc03

    tommyc03 Senior Member

    Thinking of the Homestead, Ne. errors? Yes, well over 100 listings now. And probably that many 2005P Lincolns.
     
  15. tommyc03

    tommyc03 Senior Member

    I have never used NGC but ANACS will do this with any errors. It was just a matter of time before the others caught up with this. $$$$$$$. They are quacking "Show Me The Money".
     
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