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My first (and probably last) Hypothetical Topic. What will PCGS do if the POP of a coin exceeds the

ms70ms70 Posts: 13,956 ✭✭✭✭✭

Hypothetically, let's take the 1792 Half Disme of which only 1500 were made. Over the next few decades the PCGS Population Report on these climbs to 1501+ as submissions are made.

How will they reflect this or adjust this in the POP report? Or will they just let it roll? image

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Comments

  • Whats the pop at now?
  • Steve27Steve27 Posts: 13,275 ✭✭✭
    I doubt they would notice or care.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • DennisHDennisH Posts: 14,011 ✭✭✭✭✭
    I believe it's already happened on some of the early. low-mintage proofs. Time and grading continues unabated.
    When in doubt, don't.
  • FinallyHereFinallyHere Posts: 821 ✭✭✭
    Check out the 1867 Rays 5c in Proof. Mintage of 35 yet 39 graded with 11 in cameo. This has been the case with this coin for years. PCGS can't control resubs if they don't have a tag to remove...that's why the pop figures are absolutes and almost never actual figures.
    Mike Printz
    Harlan J. Berk, Ltd.
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  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>Check out the 1867 Rays 5c in Proof. Mintage of 35 yet 39 graded with 11 in cameo. This has been the case with this coin for years. PCGS can't control resubs if they don't have a tag to remove...that's why the pop figures are absolutes and almost never actual figures. >>

    Mike, a number of people believe considerably more than 35 Proof 1867 Rays nickels were produced. There are, however, probably at least a few cases in which known/verifiable mintage numbers of a given coin have already been exceeded on the population reports. When I get really bored, I might see if I can find them.image
  • RickeRicke Posts: 677


    .... blame it on the hanging chads? HELLO 2001 CALLED, THEY WANT THEIR JOKE BACK.
  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭


    << <i>

    << <i>Check out the 1867 Rays 5c in Proof. Mintage of 35 yet 39 graded with 11 in cameo. This has been the case with this coin for years. PCGS can't control resubs if they don't have a tag to remove...that's why the pop figures are absolutes and almost never actual figures. >>

    Mike, a number of people believe considerably more than 35 Proof 1867 Rays nickels were produced. There are, however, probably at least a few cases in which known/verifiable mintage numbers of a given coin have already been exceeded on the population reports. When I get really bored, I might see if I can find them.image >>



    Way more than 35 .... IMO it's the most overrated 19th century rarity.

    Try the 1884 trade dollar .... I think at one time more than ten were on the pops at either PCGS or NGC...
  • IGWTIGWT Posts: 4,975
    -- "Check out the 1867 Rays 5c in Proof. Mintage of 35 . . ." --

    The mintage figure historically associated with the '67 w/rays proof is more likely the figure for the '67 w/out rays prototype reverse (which probably makes it one of the most underrated 19th century rarities). That could explain the disparity. image
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>Check out the 1867 Rays 5c in Proof. Mintage of 35 yet 39 graded with 11 in cameo. >>



    Coin Facts shows an est. 75 on that proof mintage so its anybodies guess.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



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  • tjkilliantjkillian Posts: 5,578 ✭✭✭
    Check out 1870-S half dimes. They only minted one yet PCGS shows two graded, one in MS-63 and another in MS-64. It seems that it would be easy to correct, but they have not yet done so.

    Tom
    Tom

  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>Check out 1870-S half dimes. They only minted one yet PCGS shows two graded, one in MS-63 and another in MS-64. It seems that it would be easy to correct, but they have not yet done so. >>

    I would argue that they shouldn't. That would open a Pandora's Box, and the expectation would be placed on them to correct all the other pops, too.

    [Edit to add: Actually, they may have minted two '70-S half dimes, if in fact the second one is in the Granite Lady's cornerstone.]
  • PerryHallPerryHall Posts: 46,875 ✭✭✭✭✭


    << <i>

    << <i>Check out 1870-S half dimes. They only minted one yet PCGS shows two graded, one in MS-63 and another in MS-64. It seems that it would be easy to correct, but they have not yet done so. >>

    I would argue that they shouldn't. That would open a Pandora's Box, and the expectation would be placed on them to correct all the other pops, too.

    [Edit to add: Actually, they may have minted two '70-S half dimes, if in fact the second one is in the Granite Lady's cornerstone.] >>



    Which one is in the cornerstone---the 63 or the 64? image





    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
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  • BillJonesBillJones Posts: 34,841 ✭✭✭✭✭
    To me it shows that POP reports are WAY overrated. I refuse to waste my money on them. I'll buy the reference books that have written by authors who have studied the coins for years. They are FAR better than the overrated POP reports.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭
    John Danreuther is working on a wholesale overhaul of the pop reports that would clear up such obvious errors as the 1870-S half dime.
  • michaelmichael Posts: 9,524 ✭✭✭
    What will PCGS do if the POP of a coin exceeds the mintage?


    so far nothing



    happens more than i care to think with pre 1908 brilliant proof gold

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