I didn't know that NGC certified twelve of the 1933 Saints...
Longacre
Posts: 16,717 ✭✭✭
I was taking a read through Jim Fehr's "Rare Coin Market Edge" report issued by North American Certified Trading. In this issue he gives an analysis of $20 Saints. His analyis is usually excellent, and I am pleased to say that now that he is with NACT, there are far less typos in the Market Edge report (although I did find at least one in this issue).
In his date by date analysis, he makes the following comment:
"I did not include the 1933-P as part of the series because they are still
illegal to own. Neither PCGS nor NGC consider it as part of the Saint-
Gaudens set. Of the 13 pieces known to exist one was allowed to trade in
a public auction in 2002 and it brought $7,600,000. The NGC population
report shows 12 graded in MS62 and the PCGS population is zero."
I didn't know that NGC graded 12 of the 1933 Saints in MS62. I thought that those were confiscated by the government. Perhaps NGC graded them after the government seized them?
Does anyone know why PCGS was not given the opportunity to certify these coins? I assume the government must have put the project up for bid among the grading services. It must certainly be a feather in NGC's cap to have these coins in their pop report. Does anyone have any more details?
In his date by date analysis, he makes the following comment:
"I did not include the 1933-P as part of the series because they are still
illegal to own. Neither PCGS nor NGC consider it as part of the Saint-
Gaudens set. Of the 13 pieces known to exist one was allowed to trade in
a public auction in 2002 and it brought $7,600,000. The NGC population
report shows 12 graded in MS62 and the PCGS population is zero."
I didn't know that NGC graded 12 of the 1933 Saints in MS62. I thought that those were confiscated by the government. Perhaps NGC graded them after the government seized them?
Does anyone know why PCGS was not given the opportunity to certify these coins? I assume the government must have put the project up for bid among the grading services. It must certainly be a feather in NGC's cap to have these coins in their pop report. Does anyone have any more details?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
0
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<< <i>government sent them to NGC instead of to PCGS because the coins were all lightly circulated, but knew NGC would 62 them!
As funny as that is, it's possible NGC was "selected" by the government to grade / value them.
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<< <i>I've viewed those coins and they range from circulated to gem. The idea that all would receive the 62 grade is silly. >>
They went from the Mint to a dealer to a bank vault where the heirs found them. I don't see how they
circulated at all unless they were improperly handled.
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<< <i>
<< <i>I've viewed those coins and they range from circulated to gem. The idea that all would receive the 62 grade is silly. >>
They went from the Mint to a dealer to a bank vault where the heirs found them. I don't see how they
circulated at all unless they were improperly handled. >>
One of them does look as though it were carried as a pocket piece for a while.
TD
<< <i>I have the 12/31/03 NGC population report in printed form, and as of then they'd graded 20 of the then-unique 1933 $20s, all MS-62. >>
20?????
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
<< <i>why are they illegal to own? >>
They are not illegal to own. That is government propoganda.
<< <i>I have the 12/31/03 NGC population report in printed form, and as of then they'd graded 20 of the then-unique 1933 $20s, all MS-62. >>
Either a colossal blunder, or a deliberate error designed to catch people who copy their information without permission.
A couple of years ago, one of the major dictionary companies reported that in their previous edition they had included four made-up words, and that another publisher had been caught copying the text intact. They only revealed one of the words, the definition given for it being a fancy definition of plagiarism. They wouldn't say what the other three were.
TD
<< <i>
<< <i>I have the 12/31/03 NGC population report in printed form, and as of then they'd graded 20 of the then-unique 1933 $20s, all MS-62. >>
Either a colossal blunder, or a deliberate error designed to catch people who copy their information without permission.
A couple of years ago, one of the major dictionary companies reported that in their previous edition they had included four made-up words, and that another publisher had been caught copying the text intact. They only revealed one of the words, the definition given for it being a fancy definition of plagiarism. They wouldn't say what the other three were.
TD >>
I hear mailing list companies do that too and add dummy addresses/email addresses. If you use the list without paying for it and send out an email blast or a letter blast, one or more of the letters gets delivered to the company that owns the list. You then get a nice letter from the company's lawyer strongly suggesting that you pay for the list or else.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
WH
<< <i>Map companies also do the same. They add a street in that isn't there, etc. to catch the copy cats. >>
That might explain why I'm always getting lost.
Russ, NCNE
<< <i>Is it possible that the owner of the first found 1933 re-submitted it to NGC 12 times hoping for an upgrade to MS63? Maybe he is getting ready to sell? >>
Doubtful since the coin grades MS64/65.
<< <i>
<< <i>Is it possible that the owner of the first found 1933 re-submitted it to NGC 12 times hoping for an upgrade to MS63? Maybe he is getting ready to sell? >>
Doubtful since the coin grades MS64/65. >>
Hmmm, guess that means he did not spend all of that dough for a pocket piece.
glare of the photo. No way that more than one of those looks possibly circ to me. Saw a pair of MS64 1929's PCGS thad had far more
serious hits than those coins.
roadrunner
<< <i>
<< <i>Is it possible that the owner of the first found 1933 re-submitted it to NGC 12 times hoping for an upgrade to MS63? Maybe he is getting ready to sell? >>
Doubtful since the coin grades MS64/65. >>
What coin? The Farouk Specimen? It is not in any slab.
<< <i>
<< <i>
<< <i>Is it possible that the owner of the first found 1933 re-submitted it to NGC 12 times hoping for an upgrade to MS63? Maybe he is getting ready to sell? >>
Doubtful since the coin grades MS64/65. >>
What coin? The Farouk Specimen? It is not in any slab. >>
It was 'pregraded' by PCGS as MS65. I took the conservative route...