NGC Slabbed Lincoln

Purchased this one most recently, there is something wrong with this picture. Can you figure it out?

 

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Nice!

My coin dealer has a Mercury Dime slabbed as a 1942 VF30... it's a 1942/1

 

Aside from the fact you have the coin in stead of me, it looks like NGC cannot tell Philadelphia from Denver.

 

Bingo you nailed it!!!!!!!!!! Purchased it from a friend of ours. Offered it back to him if he wanted it, he said no. Are these worth a premium? Do Grading services make many errors like this? This is a very obvious one. How could this slip through the NGC graders?

 

Purchased it from a friend of ours. I recognized the pics
Are these worth a premium? I have seen a couple others here. So far as I know, no, but errors are not my bag.
Do Grading services make many errors like this? This is a very obvious one. That answer should be self evident. Seriously, not often, but yes.

 

Does NGC Guarantee their grades? If this was sent back to them what would their response be? My daughter is 11 and can tell the difference between "S" "D" and P mints. Are there no checks and balances in the grading process? I really don't know how an error like this could happen. How can I assume that the grade of the coin is correct if the grader couldn't determine the right mintmark?

 

dd:Maybe the D deteriorated away since it was slabbed.

 

Or maybe the Grader drank a quart of Captain Morgan the night before he graded it.

 

I don't know their specific steps, but I doubt that the graders made any mistake and I also doubt that the graders did the typing for the label. They probably wrote it on a paper and the clerk/typist read a "P" as a "D" and the clerk probably never even sees the coin. I type most everything I can even though I am a lousy typist because my writing is abominable. People often cannot read it - including myself. I can easily understand how this could happen.

I don't know what you paid for the coin, but my guess is that NGC would gladly correct it, but you are going to get stuck for at least the shipping one way (~$15) if not both (~$30). Is it really worth it? If you are still interested, call them. Lisa is more friendly than you have a right to expect.

 

That's Captain Morgan, :high5:

 

Nope not worth it. The only reason I purchased the coin was for the nice toning.

Unfortunately many people purchase slabbed coins for protection. This coin is from one of the top two grading services and one would think that they would not make a blatant mistake as this. If it was my company, I would honor all shipping charges for an error like this.

The slabb is intact on this and not opened or doctored in any way. I love the toning on the coin, and my photo's don't do it justice, however its one more reason to buy the coin not the slabb.

This coin may be worth more in its current slabb than a new one.

 

Ooops yeah, guess what? They made a mistake.
Who hasn"t?

 

Yes it's a rare one,

I think what you have here is one of those 1958-D "no-D" cents with the strong reverse die pair # 2!, Not really but it has nice toning - I would have bought it also.
Ben Peters

 

I had a Proof 1960 NGC slab for a 1963 cent, liketa never got rid of it.

Best Regards,

George
===================
VDB Coins

 

the d fell off

 

When the coins arrive they are unpacked by a clerk who puts them into the in-house flips, types the description of the coin from the invoice into the computer which generates a barcode sticker. He then places the sticker on the flip. All the grader ever sees is the barcode and he has no idea how it was described. He just pulls the flip out of the "IN" box, scans the barcode, types in the grade, and puts it in the "OUT" box.

When it gets to the encapsulation station the guy there pulls the flip out and scans the barcode. The computer prints the label and the slabs is assembled.

So if the clerk reads the invoice wrong or types it into the computer wrong, there is no chance it will be caught until the final check of the finished slab before it is sent out. And the finalizer is probably check more for grade than anything else.

 

From what I have learned over the years, an invoice need to be correct or there is a chance the coin could come out with a labeling error.

It's not so bad on most modern coins but can turn into a real problem on others. I know of an IHC labeled as a proof by ANACS but is actually an MS coin. Now that's a problem.

 

And that is a bit of an understatement!