The little problem coin that could...finally find a home
astrorat
Posts: 9,221 ✭✭✭✭✭
I was sharing a story of one of my problem coins with the students in the ANA class the other night and thought I would tell its tale here.
I picked up a neat off-center nickel struck on an incomplete (clip) planchet a couple of years back that I wanted to use for the error class I was teaching. In my haste to get a dozen or so errors slabbed, I pulled the coin and packaged it, but did not look at it closely beforehand. The submission went off to NGC (they are pretty inexpensive for slabbing errors) and I anxiously (okay, not that anxiously) awaited its return. It comes back in a body bag for PVC. I looked at the coin and sure enough, on the reverse was a mountain of PVC. Had I actually looked at the coin before sending it off, it would have been obvious. Bummer...a waste of time and money and lesson learned.
So, I then decided to send it in to NCS (along with a dozen or so other body-bagged coins) to have it slabbed so I could use it in the problem coin class. Since I prefer to used slabbed problem coins for ease in handling and NCS slabbing is fairly cheap, it was on its way. So I wait...again, not too anxiously. Within a few weeks I open my NCS package and what do I see? Yep, my little PVC nickel was not in an NCS holder, but it was in an NGC holder as MS-63! And, of course, I am hit with an NCS fee AND and NGC fee!
This is classic! NGC body bags the coin. NCS reviews it, thinks it good enough for an NGC holder. NGC then reviews again, grades it and slabs it as problem free! Oh, and what about that mountain of PVC, you ask? Don't worry, it's still there!
The coin is the lead example in my class when I talk about TPGs getting it wrong.
Lane
I picked up a neat off-center nickel struck on an incomplete (clip) planchet a couple of years back that I wanted to use for the error class I was teaching. In my haste to get a dozen or so errors slabbed, I pulled the coin and packaged it, but did not look at it closely beforehand. The submission went off to NGC (they are pretty inexpensive for slabbing errors) and I anxiously (okay, not that anxiously) awaited its return. It comes back in a body bag for PVC. I looked at the coin and sure enough, on the reverse was a mountain of PVC. Had I actually looked at the coin before sending it off, it would have been obvious. Bummer...a waste of time and money and lesson learned.
So, I then decided to send it in to NCS (along with a dozen or so other body-bagged coins) to have it slabbed so I could use it in the problem coin class. Since I prefer to used slabbed problem coins for ease in handling and NCS slabbing is fairly cheap, it was on its way. So I wait...again, not too anxiously. Within a few weeks I open my NCS package and what do I see? Yep, my little PVC nickel was not in an NCS holder, but it was in an NGC holder as MS-63! And, of course, I am hit with an NCS fee AND and NGC fee!
This is classic! NGC body bags the coin. NCS reviews it, thinks it good enough for an NGC holder. NGC then reviews again, grades it and slabs it as problem free! Oh, and what about that mountain of PVC, you ask? Don't worry, it's still there!
The coin is the lead example in my class when I talk about TPGs getting it wrong.
Lane
Numismatist Ordinaire
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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Comments
In honor of the memory of Cpl. Michael E. Thompson
<< <i>That is just too weird. I was expecting the story to end on a positive note, where NCS removed the gunk and then it was sent off to ngc for grading. >>
But the story did end on a positive note. I have a great coin for the classroom. That's much more valuable to me than having the coin "fixed."
My glass is always half full!
Lane
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Congratulations!
Worry is the interest you pay on a debt you may not owe.
<< <i>Are you sure they didn't remove the PVC and what you are seeing is a stain the PVC caused on the coin's surface? >>
Yep...the coin is identical to when it was submitted. Besides, even if that was a coin that had been "curated," it certainly isn't worthy of an NGC slab.
Lane
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces