What can be done about an IKE variety in the wrong holder?

USMC_6115

I have a 1972 (P) Type 1 PCGS MS65 in an un-attributed holder. However, I bought it as a Type 3, It's in my registry set as a Type 3, and if you look under PCGS's Cert Verication (#7978672); it is listed as a Type 3

How can I get this fixed? Will there be any charges from PCGS to fix this?

Anyone have a Type 3 in PCGS MS65 that they want to trade for this Type 1 as I now have two of them?

Boom

On top your submission form , under the sumission form #, write "mecanical error". On line 1 write the PCGS coin#, the date, denomination-current grade and the certification number After you have all that done call the 800 # and speak with Araceli Flores-tell her what you have and what you have done and ask her to whose attention do you write on the form. It's a free process-part of the PCGS guarantee. That oughta get it done!

DRG

The Type 1 is more valuable variety so I would not feel too bad about the problem. However, all unattributed 1972 Ike's are listed as Type 3 coins. You must send the coin to PCGS to be attributed and there is a fee involved.

itsnotjustme

It is not a mechanical error as Boom suggests. PCGS did not attribute Ike Types until roughly a year ago. All 72-P coin that were already slabbed show as the most common type 3 now. DRG got it.

Boom

Sorry, I must have misunderstood. I understood that your coin is mislabeled, Please disregard and listen to these fellas-I believe they're correct now that I get the picture a little better,

CoinHusker

I would trade you in a heartbeat but my conscience would bother me everytime I looked at that Type 1. It's a much more valuable coin than the Type 3. It's considered a "sleeper" in the 1972-P varieties.

As for your question, if I am not mistaken, a year or so ago when PCGS began to recognize the different varieties they offered to re-slab all unattributed (mis-labled) Ikes for either no charge or a very low charge. My advice, send a PM to Segoja or supercoin and ask them about the re-slabbing. They are both Ike experts and will be able to give you the low down.

But don't trade for a inferior coin. And whoever takes you up on a trade on a type 3 for a type 1, may be trying to take advantage of you.

itsnotjustme

CoinHusker is right... Type 1 is more valuable. Don't go into an even trade. If you do submissions, I'd send it in with one for "regrade" bust specifying the correct type and MS65 minimum grade.

DRG

I would not send the coin in for "regrade". The likelyhood that the coin will upgrade is very very low (without seeing it, but knowing the 1972 Ikes) and it may not make the MS65 grade again.

All that need to do is send it in for "attribution" of the Type. I believe that the fee is $5 plus S&H. PCGS tends not to combine S&H on differnt types of submissions, so unless you have multiple coins that need to be "attributed" it is not cheap. No way around this as far as I know.

As stated the T1 is a more valuable coin, so do not do a even trade ( I have a spare T3, but did not offer). The prices for these have been all over the place lately so it is difficult to estimate what the coin is worth, but certainly more than a T3.

As for it being a "Sleeper", I am not convinced of that yet. The POP reports do not accurately reflect the actuall number of these coins and my experience is that there are a fair number of T1 MS65's out there in these older holders. Up until last year they did not sell for a premium at all. We will see where this settles out in a couple of years.

USMC_6115

Thanks everyone,

I'll probably just send it in for attribution and then keep it. Now I'm on the lookout for a Type 3....

Thanks again for all the help.

USMC_6115

It's in the mail on the way to PCGS to be attributed. On it's return next summer , I'll decide if it's a keeper or if I'll sell/trade it. Thanks again for all your help...

supercoin

I think there will eventually prove to be 15% or less Type 1 in the MS65 pops, so I think it's something of a sleeper.

They also did sell at a premium long before a year ago -- at least if you bought them from me, they did.

USMC_6115

Tad,

Percentage wise, where would you place the type 2 IKEs?

supercoin

I'd guess about 5% of the 1972 MS65 population is Type 2.

Note that is FAR higher than the general population (something like 0.13% of the overall mintage is Type 2), but when you find a Type 2, it is generally of better quality than the other types. By the way, in my mind that relatively high quality lends some credence to the theory about them being created as a purposeful experiment.

Another contributing factor to more high-quality Type 2 is probably because the variety has been known in some circles since 1972, so relatively more examples have been spared the ravages of time and careless handling than the other types.