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Issues with not tradeable coins?

LATHYRUS21LATHYRUS21 Posts: 101 ✭✭
edited October 18, 2019 6:21PM in U.S. Coin Forum

Okay so here was my issue.. But after receiving the package It says Genuine not gradeable so the BROWN number assigned to the coin doesnt really matter..
Not only that now that I see the coin in the holder I can notice it at off center, but I'm thinking it's probably within allowed range.

The real issue now is that I have seen other coins with spots not only worse but graded fairly high!!

Guess I'll just have to be more careful on my next shipment.... I did not mean to send in that coin.

The front of it was just so good I failed to double check the reverse.
Lesson learned.


Comments

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    The company is telling you the coin is uncirculated; however, some ham-fisted person attempted to remove a spot. Unfortunately, they left evidence of this attempt on the coin's surface. Usually, it is a group of tiny scratches. Did this "gem" come out of one of your "original" rolls?

  • LATHYRUS21LATHYRUS21 Posts: 101 ✭✭
    edited October 19, 2019 11:44AM

    @Insider2 said:
    The company is telling you the coin is uncirculated; however, some ham-fisted person attempted to remove a spot. Unfortunately, they left evidence of this attempt on the coin's surface. Usually, it is a group of tiny scratches. Did this "gem" come out of one of your "original" rolls?

    The "company" is the one that removed a spot I made the mistake of sending that coin in because I had several of them on the table and didn't look at the back of it that is the only one that had a spot.

  • The problem is the number assigned to it is for a brown coin it is not brown not even close to being Brown
    I'm wondering should I bother having changed to the red designation or would that just be a waste of shipping money

  • MFeldMFeld Posts: 14,731 ✭✭✭✭✭

    @LATHYRUS21 said:
    The problem is the number assigned to it is for a brown coin it is not brown not even close to being Brown
    I'm wondering should I bother having changed to the red designation or would that just be a waste of shipping money

    Without having checked other such examples, my guess is that for a details-grade copper coin, the PCGS number might default to “BN”. If not that, it was probably just an input error.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    On the positive side it’s a non-CF 63-D cent.

  • jmlanzafjmlanzaf Posts: 36,226 ✭✭✭✭✭

    @Catbert said:
    I am mystified as to why one would want to slab this coin even if no spot. Am I missing something?

    Well, if you could get it into a top pop grade, it would have value.

  • jmlanzafjmlanzaf Posts: 36,226 ✭✭✭✭✭

    @LATHYRUS21 said:

    @Insider2 said:
    The company is telling you the coin is uncirculated; however, some ham-fisted person attempted to remove a spot. Unfortunately, they left evidence of this attempt on the coin's surface. Usually, it is a group of tiny scratches. Did this "gem" come out of one of your "original" rolls?

    The "company" is the one that removed a spot I made the mistake of sending that coin in because I had several of them on the table and didn't look at the back of it that is the only one that had a spot.

    What are you saying? You sent in a common date Lincoln Cent to be CONSERVED by PcGS?!?!?!? And after they conserved it, you are surprised it detail graded?

    And, don't you owe PCGS an apology? Isn't this the coin you complained PCGS damage but now you admit you simply sent the wrong coin?

  • lcoopielcoopie Posts: 8,873 ✭✭✭✭✭

    @jmlanzaf said:

    @Catbert said:
    I am mystified as to why one would want to slab this coin even if no spot. Am I missing something?

    Well, if you could get it into a top pop grade, it would have value.

    Closing in 😀

    LCoopie = Les
  • davewesendavewesen Posts: 6,636 ✭✭✭✭✭

    how long ago did you submit this? I ask because there is not a TruView with the GoldShield.

    I wanted to blow up the pic and find the problem.

  • matt_dacmatt_dac Posts: 961 ✭✭✭✭✭

    I hate to pile on, but the perception of value of this common date modern coin is just absurd.

  • lcoopielcoopie Posts: 8,873 ✭✭✭✭✭
    edited October 20, 2019 7:49AM

    So that’s worth about 75% over melt, not bad.

    LCoopie = Les
  • Cougar1978Cougar1978 Posts: 8,759 ✭✭✭✭✭
    edited October 20, 2019 9:59AM

    Throw it back in the roll. Why did you spend money slabbing this? Or start a collection of problem coins. I have a BU roll of that date it would cost more ship them than it worth.

    It cost me each $50 slabbing 2 coins regular svc with all the costs / shipping recently. CDN bid on them $120 so lost money. You could have bought nice coin w that like I did recently like nice slabbed MS 63 slightly better date Morgan or small basket of groceries my last grocery bill.

    Coins & Currency
  • thefinnthefinn Posts: 2,657 ✭✭✭✭✭

    @LATHYRUS21 said:
    The problem is the number assigned to it is for a brown coin it is not brown not even close to being Brown
    I'm wondering should I bother having changed to the red designation or would that just be a waste of shipping money

    You're in this deep, I would just dig a bigger hole and send them more money. Or you could just burn it on the stove and call it even.

    thefinn
  • lcoopielcoopie Posts: 8,873 ✭✭✭✭✭

    Can I speak for the group?

    Please

    No giveaways.

    😀

    LCoopie = Les
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @lcoopie said:
    Can I speak for the group?

    Please

    No giveaways.

    😀

    It would also be nice if submitters had a rudimentary understanding of what a 67, 68, or 69 red Lincoln cent should actually look like. Those are the three easiest grades to teach!!!

  • ifthevamzarockinifthevamzarockin Posts: 8,908 ✭✭✭✭✭

    @LATHYRUS21 said:
    The problem is the number assigned to it is for a brown coin it is not brown not even close to being Brown
    I'm wondering should I bother having changed to the red designation or would that just be a waste of shipping money

    No amount of writing or plastic will change the fact that your coin is worth exactly one cent. :/

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    I disagree. I've seen slabbed things like this in the $5 junk bok. I'll guarantee that I'm not the only person buying them.

  • ifthevamzarockinifthevamzarockin Posts: 8,908 ✭✭✭✭✭

    @Insider2 said:
    I disagree. I've seen slabbed things like this in the $5 junk bok. I'll guarantee that I'm not the only person buying them.

    I agree....BUT.....the plastic is worth $4.99 and the cent is worth $0.01 :D

  • jmlanzafjmlanzaf Posts: 36,226 ✭✭✭✭✭
    edited October 20, 2019 12:47PM

    @Insider2 said:
    I disagree. I've seen slabbed things like this in the $5 junk bok. I'll guarantee that I'm not the only person buying them.

    Why would you spend $5 on a details coin with no numismatic value? Educational purposes?

  • jmlanzafjmlanzaf Posts: 36,226 ✭✭✭✭✭

    @MFeld said:

    @jmlanzaf said:

    @Insider2 said:
    I disagree. I've seen slabbed things like this in the $5 junk bok. I'll guarantee that I'm not the only person buying them.

    Why would you spend $5 on a details coin with no numismatic value? Educational purposes?

    Probably to resubmit it for a “RD”, rather than “BN” details-grade. 😉

    That would make it worth $6.

    Or maybe it's a "brown" error coin.

  • HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    Used them “free” certificates...?

    Not really “free” but a slightly discounted grading fee for the subscription.

    Good deal if the “free” was used on something that would ultimately exceed the “free” discount for the grading fee plus the handling, shipping, and insurance costs.

    But, heck some spend $3 (or much more) for a cup of caffeine that if made at home would be pennies (more likely, quarters) to the dollar.

    Reminds me, time to get some caffeine.

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @jmlanzaf said:

    @ifthevamzarockin said:

    @Insider2 said:
    I disagree. I've seen slabbed things like this in the $5 junk bok. I'll guarantee that I'm not the only person buying them.

    I agree....BUT.....the plastic is worth $4.99 and the cent is worth $0.01 :D

    The math doesn't add up. What's the paper insert worth?

    Is it a doily?

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @jmlanzaf said:

    @Insider2 said:
    I disagree. I've seen slabbed things like this in the $5 junk bok. I'll guarantee that I'm not the only person buying them.

    Why would you spend $5 on a details coin with no numismatic value? Educational purposes?

    I collect slabs including, samples, errors, and one unmentionable type. Details coins are the best because you can cover the label and let the students grade the coin.

    Unfortunately, the ANA class gives them the coin with the problem showing! It is much better to teach them what different problems look like and then give them a bunch of problem, straight graded, and repaired coins that are straight graded as a challenge. Let them weed out the problems from the good coins. :)

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