territorial gold coin in rattler, what to do? poll inside (horrific update, the horror pt. 2)
steveben
Posts: 4,638 ✭✭✭✭✭
i have a bechtler dollar in an old rattler holder. the coin's certification number has been re-used for another coin, so when you pull it up, you see a completely different coin's certification. i called pcgs and they said they would transfer the coin to a new holder for me free of charge, due to a "mechanical error." i just have to pay the shipping costs.
i don't really want to get it out of the old holder, because i like those old rattlers. but, one day, the coin will be sold and i am worried that if i don't fix it...it might be a problem or hurt the price. so, i have been thinking about it and i figured i have the following possible solutions...which do you think i should do?
1. send it to pcgs to get it re-holdered and lose the rattler holder
2. take a chance and pay for a re-grade, and hope it upgrades, which also solves the certification problem (they say sometimes these old rattlers upgrade)
3. submit it for secure plus (it's a fairly rare coin)
4. leave it as is
5. give it away (not really an option, sorry)
if you think you have a better idea, please suggest it.
i don't really want to get it out of the old holder, because i like those old rattlers. but, one day, the coin will be sold and i am worried that if i don't fix it...it might be a problem or hurt the price. so, i have been thinking about it and i figured i have the following possible solutions...which do you think i should do?
1. send it to pcgs to get it re-holdered and lose the rattler holder
2. take a chance and pay for a re-grade, and hope it upgrades, which also solves the certification problem (they say sometimes these old rattlers upgrade)
3. submit it for secure plus (it's a fairly rare coin)
4. leave it as is
5. give it away (not really an option, sorry)
if you think you have a better idea, please suggest it.
0
Comments
Donation has such a better sound to it... which I can help you out with :-)
Make the other guy get it reholdered.
In honor of the memory of Cpl. Michael E. Thompson
<< <i>You likely had the cert. # first.
Make the other guy get it reholdered.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Leave it alone. Once you decide to have it regraded/reholdered you will lose part of the liquidity of the coin. >>
What about CACing it? A CAC bean would add some legitimacy to the piece.
<< <i>You likely had the cert. # first.
Make the other guy get it reholdered.
yeah! really. why should mine be the error?!? :-) where is this guy anyway?
<< <i>
<< <i>Leave it alone. Once you decide to have it regraded/reholdered you will lose part of the liquidity of the coin. >>
Why is the onus on you?
bob
#6) Request a letter from PCGS that confirms that the coin is PCGS graded and an explanation that a mechanial error on the cert number has occurred.
When you go to sell it, the letter ought to calm fears that it is genuine.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
<< <i>Leave it alone and have it CAC'd. >>
Yup
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Leave it alone.
#6) Request a letter from PCGS that confirms that the coin is PCGS graded and an explanation that a mechanial error on the cert number has occurred.
When you go to sell it, the letter ought to calm fears that it is genuine. >>
I like this answer and PCGS should comply. Then get it CAC'd
Tom
anyway, what good is a thread without photos, right?
it probably wouldn't upgrade to a 55 anyway...
siliconvalleycoins.com
Definitely don't crack it.
apparently, it's a CRACKOUT now. $#17!!
as far as i can tell, the coin received no damage, thankfully. stay tuned...
--Severian the Lame
Ed. S.
(EJS)
Sorry about the drop,
Ray
In honor of the memory of Cpl. Michael E. Thompson
<< <i>today, i was talking on the phone. i saw the bechtler coin in a box of 20 i was looking through and decided to take a look since it's been a while...then it slips out of my hand and the edge hits the ground...and...
apparently, it's a CRACKOUT now. $#17!!
as far as i can tell, the coin received no damage, thankfully. stay tuned... >>
Why!!!!! It was great in the old holder. I would have paid big buck for the older holder on that one!!!!
<< <i>
<< <i>today, i was talking on the phone. i saw the bechtler coin in a box of 20 i was looking through and decided to take a look since it's been a while...then it slips out of my hand and the edge hits the ground...and...
apparently, it's a CRACKOUT now. $#17!!
as far as i can tell, the coin received no damage, thankfully. stay tuned... >>
Why!!!!! It was great in the old holder. I would have paid big buck for the older holder on that one!!!! >>
I feel sick looking at the photos
<< <i>I've never heard of a holder breaking open from a simple drop - that's extremely unlucky. >>
I thought rattlers are especially unstable?
<< <i>I've never heard of a holder breaking open from a simple drop - that's extremely unlucky. >>
Agree. I'd like to see a pic of the broken slab. Did it break around the seam?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>I've never heard of a holder breaking open from a simple drop - that's extremely unlucky. >>
Me either. I doubt that could be repeated if 1,000 more rattlers were dropped in the same manner (but don't try it, just in case!).
Coin Rarities Online
"I've never heard of a holder breaking open from a simple drop - that's extremely unlucky."
-----
I don't know if I believe in this much coincidence. First
you have a coin that, by the PCGS number, doesn't
exist, then you drop the slab and it breaks open.
The fish smell is strong with this coin, young Jedi.
Get it back to PCGS quick and hope all is well.
~
"America suffers today from too much pluribus and not enough unum.".....Arthur Schlesinger Jr.
<< <i>"I've never heard of a holder breaking open from a simple drop - that's extremely unlucky."
-----
I don't know if I believe in this much coincidence. First
you have a coin that, by the PCGS number, doesn't
exist, then you drop the slab and it breaks open.
The fish smell is strong with this coin, young Jedi.
Get it back to PCGS quick and hope all is well.
~ >>
yes, i have wondered that myself. very strange. here is a picture of the broken slab:
i can't open the slab anymore than that without breaking it further. there's no way i could put the coin back in with my fingers. i'd have to use tweezers or something worse. the slab hit the floor from about a 1-2 drop (it was sitting down when it happened).
but it makes me wonder...could it have been tampered with before it got to me? could the slab have already been opened? perhaps.
as for the coin...i have no doubts that:
1. it's authentic.
2. it's got original skin on it
but, as for the grade, i took the holder's word for it. i haven't seen many bechtler's in person and that makes my confidence low on my grading skills for this coin as compared to say a saint gaudens or a $10 indian. i have seen many of those, for example.
so, now we'll see what happens. i am going to submit it raw, secure plus. let's put this to the test. fate has decided for whatever reason. perhaps a lie will be revealed...i hope not. i'll post when i have the results. i feel confident the coin will grade though...
<< <i>first world problem >>
oh yeah, i'll live.
you know, in saudi arabia, they crash bugatti veyron's for fun. but no one ever mentions that.
I wouldn't send the cert and slab to PCGS. They'll just toss it and the graders won't see it. I guess it would be nice for the pops, though.
What an unhappy turn of events! Let us know how it grades.
Lance.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Best to resubmit straight away and hope for a good outcome.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
hi res pic here
I'd say either the slab was tampered with, or, more likely, given the fact that the coin looks to have been undergraded and is pretty cherry looking original to boot, the rattler didn't get a good sonic weld. Remember, PCGS was running those sonic welders in overdrive for 1986-1989. There was a lot of demand for plastic and not enuff to go round, so PCGS was trying to crank 'em out quickly. (Think HRH standing in the sealing room glowering!_)