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Normally I don't do this but I had to share this auction
U1chicago
Posts: 6,505 ✭✭✭✭✭
I know it can be bad form to share an auction before it has concluded but I just could not wait when seeing this "beauty" pop up. It ends Sunday evening and is already at $2 before the fee. How high will it go?
(Full disclosure: I do not own it nor am I bidding)
https://www.greatcollections.com/Coin/1845266/2017-D-Jefferson-Nickel-PCGS-Genuine-AU-Details
10
Comments
Proof that emerald does submit his coins!
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
There was a time PCGS would bodybag excessive corrosion even when the submitter stated on the submission form, "at any grade."
peacockcoins
Within the same submission:
peacockcoins
It is a very nice coin, no doubts about it. Not surprised someone would submit this gem full steps beauty to PCGS. And it certainly deserves the Gold Shield to highlight the beautiful nature of the coin.
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
Someone is paying heavy coin collecting tuition .
There are many possible reasons this coin was submitted for grading. Did PCGS ever have a grading special where you get a discount for submitting 10 coins? If so, maybe the submitter only had 9 coins that needed to be graded so he threw this coin into the group to get the discount. Also, the submitter may have had several grading vouchers that were going to expire and threw this coin into the group. Also, this coin may have had sentimental value as the submitters first Walmart parking lot find ever. Perhaps the submitter thought PCGS would like the coin's original uncleaned crusty surfaces.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
And that was the only other coin they had?
I reckon it’s more likely they thought it was an error coin.
Smitten with DBLCs.
If he paid more than face value for it, it's definitely an error coin. It's just not a mint error coin.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I think this submitter just paid his education fees. Here's hoping he learns from it and earns a diploma.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
The funny thing is, the consignor's going to end up owing money for the auction with the listing fee. And obviously that's not included all of the other expenses incurred.
chopmarkedtradedollars.com
I’m surprised that GC would even accept this for auction.
The stupidest idea ever proposed is that "The Customer Is Always Right". You can't fix stupid. Don't even try. Sometimes people have to learn fire is hot, gravity is everwhere and you may not be as smart as your mommy told you. GC is not a policing force it is an exhange for collectors. James
Would HA or SB accept this coin for auction?
Wow, someone will be paying tuition for this! 😳😲
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
My assumption would be no but perhaps @MFeld would be able to answer better (at least for HA).
At the ANACS table, I had a customer walk up with an assortment of circulated 40's and 50's Lincoln cents she wanted to submit. During our conversation it became apparent that she didn't know a thing about coins, grading, or anything else about numismatics. I even gave her my Redbook from the previous year and said she should read it, as it would help her learn. I also explained that she might want to reconsider, as she'd be spending $16/coin plus shipping for coins that a local dealer would pay $.02 for. When I asked if she would reconsider submitting the coins, she got mad and exclaimed that she was a grown woman and could make her own decisions, so I accepted them- she spent over $200. The next show, she showed up with more, and spent another $200+, without a peep from me other than my normal submission talk.
I've taken in a number of coins that look like the one in the OP also, under similar circumstances.
A better question is why GC is a> @TxCollector said:
Maybe if it came with a 1913 Liberty nickel in the consignment.
they didn't pedigree it to a parking lot?
You can bring a horse to water, but you can't make it drink.
God comes first in everything I do. I’m dedicated to serving Him with my whole life. Coin collecting is just a hobby—but even in that, I seek to honor Him. ✝️
Especially by an ocean and offered up to the horse is salt water.
peacockcoins
Final hammer was $3 plus the $5 buyer's fee for a grand total of $8
I'm guessing someone bought it as a conversation piece to take to his next coin club meeting.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Or as a door prize..
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Maybe a door stop
That coin wouldn’t be accepted for auction as a single-coin consignment. And even if it were included with other coins of high value, it’s difficult to imagine a scenario in which it would be auctioned as an individual lot.
I’m guessing that GC had a good reason for making what appears to be a major exception in auctioning such a coin.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Now watch the new owner of this coin try to cross it over to CACG.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I just have to wonder. I have seen many people show up here and make wild claims about pieces like this. The knee jerk reaction is to say, "Why don't you send it in and prove us wrong?" Maybe they did. James
While that’s possible, I think it far more likely that someone who doesn’t even participate here thought or hoped they had a coin worth submitting. That, in itself, wouldn’t be at all surprising. On the other hand, the coin being accepted for auction is very much out of the ordinary.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
My comment was far more rhetorical. On this and several other sites I have seen people making wild claims (Just look at Lincoln's eye you can SEE the Gettysberg address is there!) and they are usually told "Then send it in!". Some of those people must end up doind so. James
The only issue with this is the coins within the same submission would provide a counterargument.
peacockcoins
We’ve seen many examples here of strange/foolish submissions. What makes this case interesting of course is that GC accepted these coins. Their website says “no minimum consignment”. My guess is that GC contacted the seller and the seller insisted on going ahead. That would be consistent with their business philosophy.
@ianrussell - Not sure how much information you are able/willing to share regarding this auction, but do you have any comments regarding the coin/consignment/thought process?
chopmarkedtradedollars.com
Apparently GC did not think enough of it to post a Great Photo of it... (unless they only image certain value coins).
SB would not pass this into an internet level auction. There is a Collections and Accumulations sale that is ideal for bulk low value items that can be lot viewed in person.
Hopefully there is a story behind this coin being auctioned so our ears can be tickled.
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
BHNC #AN-10
JRCS #1606
I think he should have walked it into a show and paid for a 24 hour grading turnaround.
"Seu cabra da peste,
"Sou Mangueira......."