Major error on Ebay!!

benloe · January 16, 2003 11:55PM

When I saw this on Ebay I thought it would generate some interest. Ebay item#3306825378.
Anyone want to guess at the closing price?

LucyBop · January 16, 2003 11:56PM

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3306825378

NBSQLGeek · January 16, 2003 11:59PM

NumisEd · January 16, 2003 11:59PM

I think that the winner should be forced to pay with Canadian Loonies, since they would have to be loony to spend that much money on a "manufactured to order" coin considered by some to be an "error".

benloe · January 17, 2003 12:01AM

NumisEd,
I would think the mint has that problem under control after the Sac/Washington fiasco.

Oh,I almost forgot, thanks for the link LucyBop!

LucyBop · January 17, 2003 12:02AM

<< <i>manufactured to order" coin considered by some to be an "error". >>

Explain what this means, manufactured to order?

LucyBop · January 17, 2003 12:02AM

Oh, I see, your saying someone did it on purpose....

NBSQLGeek · January 17, 2003 12:05AM

Maybe by a mint employee, Dont see how someone can get the dies to do this and other equipment for home use. And that sure isnt legal either.

NumisEd · January 17, 2003 12:20AM

Certainly, you read Coin World or Numismatic News on occassion. Ever once in awhile there's an article regarding errors that are made intentionally by mint employees. And yes, it is very illegal. That's why one fella at the Philadelphia mint is now in prison with a rose stuck behind his ear and lip stick smeared accross his face. I don't recall all of the details, but about 2 years ago a Philly mint employee was busted for manufacturing mint errors. He had a hinding place for the coins within the mint. Every so often, he would smuggle the errors out (I don't remember how). I recall "$50,000" as being the estimate for how much money he made by selling the errors. I think the coins got out through some of the security carriers, link Brinks, but I don't recall.

Does anyone else remember this story? I have also read that errors are put into the mint bags by employees, who then receive a kick-back from the Brinks people, who, by law, are allowed to search through any coins that they are delivering.

LucyBop · January 17, 2003 12:30AM

But that in no way proves that is what happened with this particular coin and suggesting that this coin was intentionally made is merely spectulative.

baccaruda · January 17, 2003 12:36AM

i have to agree numised,

if i didn't know i could get insane amounts of money for that thing and i noticed it in my change, i would probably throw it away or spend it first chance i got.

NumisEd · January 17, 2003 12:47AM

Baccaruda, would you spend it as a dime or a penny? That's the real question here; is it worth a dime or just one cent? Maybe you could convince some 15 year old kid at Buger King that it's 11 cents, that way you can super size your fries.

DesertLizard · January 17, 2003 12:50AM

Brinks people, who, by law, are allowed to search through any coins that they are delivering.

?????

baccaruda · January 17, 2003 12:52AM

good question. most likely i would consider it a cull or slug and simply toss it out the window of the car rather than spend any amount of time with it.

baccaruda · January 17, 2003 12:53AM

actually when i got it in change i'd prolly drop it in the "pennies for everyone" tray and let the next guy make that choice.

LucyBop · January 17, 2003 12:54AM

I would do just what this seller is doing, get the coin certified and then let the buyers determine a price for it... Then with whatever money I make I would purchase the coins I like... This would be a stunning find to find this in pocket change....

goose3 · January 17, 2003 12:58AM

I know I'm in the minority here but that is not a purposely manufactured error.

I believe that they are a result of planchets being left in bins that are then used for other denominations and then get mixed in with the other planchets and struck again.

When Brinks gets the bags of money they count and roll them and I do believe that ANY errors they recover while doing this are theirs to do with as they please.

baccaruda · January 17, 2003 12:59AM

well of course i wouldn't throw it away if i knew some dolt would give me $2500 for it, but i think i'd be more inclined to spend $2500 on kingcoin's "rare moon bird poo poos on pissing astronaut" SQ.

sadysta1 · January 17, 2003 1:02AM

I think it's a genuine eror what I think happend was that pennies were produced and one of them was jammed when the production changed to dimes, with the first strike penny was ejected leaving dime marks on it, got coated to cover the copper center and shipped with the rest of the dimes

benloe · January 17, 2003 1:06AM

This item passed through the coining process twice,then exited the mint and was still MS67?

Seller is Emeraldcity coins.com............Wasn't Dorthy going to a place called Emerald City?........
.........that was a fantasy too.

baccaruda · January 17, 2003 1:08AM

yeah benloe -

how come the ones they mint correctly can't get an MS67?

NumisEd · January 17, 2003 1:11AM

goose3, don't you think that a handful of already struck dimes are thrown into the cent planchet bin on purpose? Like you said, Brinks is allowed to keep any errors they find. They have deals with mint employees to keep the error population boosted by "helping" the mistakes to happen. As technology improves at the mint, it seems that the number of errors increase. It's illogical. I especially love the Sacagawea/State Quarter error. Gimme a friggin' break! It's impossible!!

Everyone seems to want to ignore the facts that people HAVE been arrested at the mint for purposely making errors. The fact that this really happened should make ALL modern error coins NULL and VOID. If you want a real error, try a 20% off center large cent that actually circulated. One can be purchased for about the same price as this 11 cent piece of junk. If you like modern coins, try a 1955 double die. Now THAT is a real error coin: it wasn't made intentionally.

Also, have you ever seen the multiple coin-encrusted blobs of quadruple overstrike, triple counter-brockage, wrong planchet, offcent capped die "coins" that seem to escape the mint? Some of the blobs are so big that they can't even be slabbed, which I am sure is absolutely devastating to Lucy. How can a giant piece of crap like that actually get past the counting and sorting equipment? With a little help from mint employee #3243243.

And I like Lucy's ultimate solution to EVERY coin problem..........."get it certified".

zenny · January 17, 2003 1:12AM

<< <i>This item passed through the coining process twice,then exited the mint and was still MS67?

>>

Who knows, it may have exited the mint at ms69 or ms70.

z

LucyBop · January 17, 2003 1:21AM

<< <i>And I like Lucy's ultimate solution to EVERY coin problem..........."get it certified". >>

Ah, glad you agree.......

benloe · January 17, 2003 1:23AM

I figure that like has been mentioned,mint employee very bored with everything did it. He is watching
the Ebay auction right now and telling his friends"I made that".

LucyBop · January 17, 2003 1:26AM

It will be interesting to see where the price ends, 2500 with six days left, still lots of time for the price to climb.

benloe · January 17, 2003 1:26AM

Oh, and still no estimates at what the closing price will be?

LucyBop, I think it is certified(PCGS).

When calculating final price don't forget this one has FREE prioity shipping and insurance.

gemtone65 · January 17, 2003 1:36AM

The closing price should correspond with the current price, which is already far above the level at which errors such as this usually trade.

baccaruda · January 17, 2003 1:39AM

the auction has already exceeded my expectation by $2499.90, so who knows where this could end up.

i'll say $3,200

dorkkarl · January 17, 2003 1:41AM

is it on a pcgs "pop-report"? until it is , i don't believe it exists.

K S

dwood · January 17, 2003 1:43AM

I'll take a stab at a closing price:

$4217.00

plus shipping and insurance (which is optional, of course

banknote1 · January 17, 2003 1:44AM

The coin is slabbed by PCGS. Doesn't that make it legit????

TWQG · January 17, 2003 1:45AM

$650 coin at best. These are relatively common in other years. About 18 months ago, Heritage had 25 of these in their online inventory.

Baley · January 17, 2003 2:22AM

interesting thread.
supply and demand will do funny things won't they?
I personally would pay maybe 50 bucks for this particular curiosity.

Of course, the mint has a long proud history of intentionally manufacturing special "unofficial" strikings for collectors a largely unknown grey area in between and in addition to white of the special proofs, business strikes, and offical patterns, and the black of legitimate unintentional errors.

aren't there interesting off-metal, mule, off-series dated, and other "fantasy" pieces, and wasn't the hayday for this the 1850-1870 period.

well, i'd say it's more likely than not still going on in some fashion, and I'm kind of glad of it, makes the hobby more interesting, I wish they'd "accidentally" strike some Proof Jefferson Nickels on 1/10 AGE planchets and "release" a half dozen randomly in ordinary proof sets. talk about publicity!

so even though I'd never pay anywhere near the current price for this coin nor even 1/1000 of the realized price of that 40 year old DCAM 70 penny, I'm sure the collectors who do buy them are very happy! supply and demand, its a universal law, if there is a demand for something, nature abhors that vacuum and a supply will be created.

Conder101 · January 17, 2003 9:38PM

Actually the government has been trying to crack down on the coin rolling firms such as Brinks claiming that since they are rolling these coins for the FED they are still government property and the workers have no right to buy the errors they find. They want all found errors reported and returned to the government.

I normally see other years with this type of error selling in the $350 - 400 range.

leothelyon · January 17, 2003 10:11PM

Come to think of it, we could use a multi denominational coin, make it a 1 to 25 cent coin. Who needs to figure it out as long as they got it on paper, right!?

Leo

Dog97 · January 19, 2003 12:42AM

You guys & your conspiracy theories crack me up. Thts is a relatively common & easily explained error like goose3 said. The Mint is a greasy dirty nasty cluttered machine shop, not like a spotless precision ran hospital operating room. A single tote bin can be used for multiple denominations, carrying both unstruck planchets and struck coins at different times without being surgically scrubbed in between.

What makes this coin so valuable is it's high numerical grade on the slab. Nothing else.

The most desirable & valuable multiple denomination dimes have the second strike aligned so that the rev leaves are aligned in such a way they they look like Abe is blowing fire or that he has a tree branch sticking out of his head.

Rampage · January 19, 2003 1:02AM

Dog97----

Do not forget another reason this coin is bringing in the money os the date. 2002 was not a good year for errors.

Major error on Ebay!!

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