How does a "First Day of Issue" PCGS coin receive the AU55 grade?

braddick

Goldbully

How did PCGS attribute that awful looking coin with 'First Day of Issue?" They didn't open their doors until 1986.

MsMorrisine

sealed box? bu can't begin on the 55

lermish

Clearly a mechanical error utilizing the wrong label and poor quality control.

goodmoney4badmoney

@lermish said:
Clearly a mechanical error utilizing the wrong label and poor quality control.

My thoughts as well, wrong label used.

Mr_Spud

I would put that one in my circulated type set Registry. I think it’s great that it says First Day of Issue

U1chicago

I guess it could have been in a sealed bag where other coins were hitting and rubbing against it. Or it could be a mechanical error.
Here are the certs next to it (which are SBAs in various grades with the same "First Day of Issue"):

braddick

@Mr_Spud said:
I would put that one in my circulated type set Registry. I think it’s great that it says First Day of Issue

It's available.
(Not my auction.)
https://www.ebay.com/itm/205159415104

LJenkins11

If it's a mechanical error than some done gone wild with the printer. P, D, and S all show FDOI pops.

https://www.pcgs.com/coinfacts/coin/1979-p-sba-1-first-day-issue/970380

https://www.pcgs.com/coinfacts/coin/1979-d-sba-1-first-day-issue/970381

https://www.pcgs.com/coinfacts/coin/1979-s-sba-1-first-day-issue/970382

Personally, I am still on the hunt for one of these...

Mr_Spud

Thanks, I put in a bid, hopefully nobody is going to do a bidding war with me for this gem 🌞

MsMorrisine

the conflict f 55 and fdoi bothers me

i know of pre-fdoi ase that got fdoi labels. you just need pcgs' ear(dealer:P), a sealed box and proof of first issue date

if this weren't a 55 i'd be wholeheartedly defending it's existence

MsMorrisine

goodmoney4badmoney

Well I guess it's the correct label after all!

humanssuck

Isnt this a more plausible answer?

MsMorrisine

yes, i'd say that's the fdoi proof, but if that can be opened and closed then all fancy labels are off

doesn't explain the au55 either

humanssuck

@MsMorrisine said:
yes, i'd say that's the fdoi proof, but if that can be opened and closed then all fancy labels are off

doesn't explain the au55 either

if the coin was slightly loose and rubbed against the plastic in the envelope for 50 years, you could easily have an AU

braddick

@humanssuck said:

@MsMorrisine said:
yes, i'd say that's the fdoi proof, but if that can be opened and closed then all fancy labels are off

doesn't explain the au55 either

if the coin was slightly loose and rubbed against the plastic in the envelope for 50 years, you could easily have an AU

Wouldn't the plastic wear away before the metal of the coin?

Mr_Spud

Ut oh, somebody outbid me already 😯

jmlanzaf

@braddick said:

@humanssuck said:

@MsMorrisine said:
yes, i'd say that's the fdoi proof, but if that can be opened and closed then all fancy labels are off

doesn't explain the au55 either

if the coin was slightly loose and rubbed against the plastic in the envelope for 50 years, you could easily have an AU

Wouldn't the plastic wear away before the metal of the coin?

Not necessarily.

jmlanzaf

@humanssuck said:
Isnt this a more plausible answer?

Do those count as sealed? The stamp cancel doesn't need to be done with the coin even in the envelope.

Mr_Spud

I just checked on eBay and I got a notification that my bids were cancelled and now the auction is suddenly ended 🤔

But I really did want the coin for my Circulated Registry Sets 😢

DCW

Seller is probably a forum member or was alerted by a member of this thread.
Probably thinks he's now sitting on a gold mine!