Whoever submitted it is probably satisfied with the grade because obviously they don't know anything about coin collecting..... Ignorance Is Bliss.
Braddick, where did you find the photo of that coin?
ty SOOO much
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Looks like a metal detector find. Shoot, I have a bunch of those, some even older! Coinstar (if it doesn't reject it) will pay me 5 cents for each one.
Just my opinion, but likely a new collector thinking it may be some kind of error (off metal etc.) and hoping for a TPG verification. Might even have asked on a forum such as this and did not accept the answers received. Cheers, RickO
It could be that was the 8th coin on a membership voucher when the person only had 7 worth grading.
It might be someone's humor to just "throw one in there" just for kicks.
Click on this link to see my ebay listings.
Could have been someone looking for a lowball grade. lol
Kennedys are my quest...
Hey! It's one of my better coins!
Sometimes a grading service will have a special where if you submit 10 coins the price of grading is sharply reduced. The person who submitted this coin may only have had 9 coins worth slabbing so he grabbed this coin just for the heck of it to make the minimum number of coins to qualify for the special discount.
Worry is the interest you pay on a debt you may not owe.
Somebody wasted their money.
With the active fougerite on the reverse, I am surprised that PCGS holdered this one.
It will sell for millions on Etsy
Oy carumba, that was a boo boo
Looks as if it failed to obtain the Jimmy Hoffa provenance...
Experience the World through Numismatics...it's more than you can imagine.
Extreme ignorance, for laughs (coin club, coin show, other collectors, us, knows the graders), sentimental value, dementia.
All of the above!!!
Hey, there are crazy folks that try and build a "Poor Man's" set. This insane person my be building a "Genuine" Type Set?
The TPGS’s are kept in business by people submitting coins that are not worth having graded. eBay has lots of slabbed coins selling for $5 or $6 dollars.
Think it'll bean?
I don't see XF details on either side, but what do I know. Peace Roy
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We should have Emerald read it.
It could have sentimental value. Gift from a deceased grandfather, found during the ground-breaking of new building or some such thing.
Smitten with DBLCs.
Think it'll bean?
Think it'll bean?
I think it gets the CA-CA bean.
When I see coins like this graded, I usually think of 1 of 3 scenarios.
1) Like someone mentioned above - sentimental value, where the submitter simply didn't care about value - it is special to them for whatever reason and they wanted it slabbed.
2) An inexperienced heir or estate auction company who is advised to send the deceased's coins in for grading - and they did... the good and the bad.
3) Somewhere on some message board is one of those posters arguing until they're blue in the face that they have discovered the holy grail of error/prototype/special coins that is worth 6+ figures (We get many a month here). Usually it ends with the knowledgeable forum members giving up trying to reason with the OP and the thread ends with a simple - then send it in to be graded and you'll know for sure type of thing. If the OP does - these types of coins are the results.
To the lay person, it’s better to be genuine and have details, than not, but even so, the corrosion may be a deal killer!
What’s “Exc.? The only thing I can think of is Excellent.
I have people bringing in this type of item to me at the shop on a regular basis. We try to tell them it is damaged and many accept the explanation and go on with their lives. Others think that after searching the internet and seeing one on Etsy for a six figure price with some BS description of what kind of error it is they are an immediate expert. Since I've only been a dealer for over 45 years they think I'm less knowledgable than they are with their 10 minute Google search. So, I've been advising they nay sayers to get the coin certified and THEN I will make an offer based on the results.
PCGS and NGC should give B&M dealers a rebate for the number of submissions from these "experts" that come in!
By the way, I was chastised this week for not offering on a PAIR of ultra rare doubled die cents- a complete set of 1958 P and D. After all, the customer had discovered them IN CHANGE during the FIRST MONTH of collecting and wanted to cash out his quarter million dollar finds!
Single malt scotch old enough to vote is a viable alternative to these types of "customers".
@BustDMs Talk about a rabbit hole, you tell the customer to have them authenticated then they tell you but you’re a freaking dealer and should be able to authenticate them. So you say, yes, yes I am and they are not authentic, then the customer says but, yes, yes they are authentic and l know because I saw it on the internet.
You’re a better man than me because that’s the point where I would lose my cool 😎 show the customer to the door and then call everybody to the back room for a round of scotch
I would like to know the back story. There has to be a back story if not then some one loves to spend money.