The “Why was this coin submitted for grading” thread

MVC

our
I recently picked up some coins that were graded by PCGS. Several problem coins. When I looked at them, I wondered, “Why would any submit these? These are clearly problem coins?”. Now I know some people submit low grade coins for the novelty of a pop 1 coin, etc. But some graded coins simply defy logic to me. So here are a few. Let's see yours.



This coin is just ugly. Also my first graffiti coin


Pretty sure that dark area on the back was there when submitted.

lordmarcovan

Those ARE strange.

They're not slick enough to be lowball contenders, so one wonders why. Odd.

I remember seeing something like an NGC VF20 1956-D Wheat cent listed on Teletrade once.

savoyspecial

Thank you for starting this thread......I will be collecting my prize now

rhedden

In the early days of PCGS when few people were submitting moderns, someone slabbed a 1988-D dime in AU50 just for the heck of it. It's probably still in the pop. report.

kaz

<< <i>



Thank you for starting this thread......I will be collecting my prize now >>




That is really hilarious! (the coin/slab)

19Lyds

Who cares?

After all, who business is it what others do anyway?

Perhaps the better question would be "why on earth would you buy them knowing that they were crap?

But again...........who cares.

MsMorrisine

I'm thinking the nickel was sent in by someone thinking it was a mint error of some type.

kaz

One can certainly appreciate the absurdity.

MVC

<< <i>

Perhaps the better question would be "why on earth would you buy them knowing that they were crap?

>>



Well, because I can sell them for more than I bought them.

DennisH

Set Registry and Collectors Club freebies:

Mesquite

I had purchased a Wright Bros six coin set from the Mint in 2003. Sent them in to be graded and got all MS or PR 69's except for this.



Bad luck. Not the conditional rarity I was looking for.

MsMorrisine

how did that earn the 63? Is the reverse scratched ????

Tookybandit

I agree, send that 63 back in for reconsideration. They probably meant 68 and someone goofed?

GrumpyEd

That Wright Bros coin looks spectacular on the obverse.

What's the deal with it?

TwoSides2aCoin

There is no logical reason. Man is inherently stupid.
That's why God made coin collectors.… So other people had something to laugh about.

leothelyon

leothelyon

<< <i>I had purchased a Wright Bros six coin set from the Mint in 2003. Sent them in to be graded and got all MS or PR 69's except for this.



Bad luck. Not the conditional rarity I was looking for. >>



The cert says MS63 but valued at $695. On ebay several MS69s have sold $680 to $728 with a NGC MS70 selling at $735. I wouldn't resubmit unless there's no cost to you if it's a clerical error. But a MS70 is a $1000 coin. Keep it and adore it or sell as a clerical error or sell for $695 and get another.
But than again, there might be rim damage you can't see. But I don't understand the little price difference.


Leo

oih82w8

That Wright coin (MS63) could hold the satisfaction of being the lo-ball to the series.

rxer

I've done this before and this could be a reason - my father-in-law when he died had several morgans that were
intended to be handed down to the grandkids. Nothing special and obviously cleaned, but in order to keep them
separate from the rest of my "junk" I had them slabbed until the grandkids were old enough to appreciate
where they were coming from.

lkeigwin

I can see most any coin getting slabbed for sentimental reasons. A remembrance, inheritance, lucky coin, first business money. The possibilities are endless, and certainly include stupidity. But maybe not as much as it seems.
Lance.

lordmarcovan

I am going to virtually "steal" this one from Airplanenut.

I only hope he still owns it, and never, ever cracks it out.

Definitely my all time favorite.

MICHAELDIXON

I've included a worthless/junk coin in order to meet the 5 or 10 coin minimum submission.

Silveraholic

<< <i>I am going to virtually "steal" this one from Airplanenut.

I only hope he still owns it, and never, ever cracks it out.

Definitely my all time favorite.





>>



WTF? They may take the cake for most messed up coin ever.

lordmarcovan

<< <i>WTF? They may take the cake for most messed up coin ever. >>




TOLDYA SO!!!

That's why I have admired that thing for years.

It takes a very special coin to get FIVE different problem notations on a slab label. Heh.

Edit... no... wait...

That's SIX problem notations! Bwahahaha!

Savoyspecial's "Gennie" 1984-D nickel WAS the prizewinner for a while, but I challenge anybody to top Jeremy's 1829 dime! It's a classic!

numisma

Savoyspecial's "Gennie" 1984-D nickel WAS the prizewinner for a while, but I challenge anybody to top Jeremy's 1829 dime! It's a classic!

IIRC, airplanenut's 1829 dime was artificially messed up with the intent of receiving the label with the most problems listed. In fact, I think that Jeremy specifically asked ANACS to list all of the problems. Jeremy, please correct me if I am wrong. I am getting old, but that's how I remember the story.

Savoyspecial, you may want to cross your 1984-D nickel at NGC. I think it has a good shot at grading ATS.

lkeigwin

<< <i>It takes a very special coin to get FIVE different problem notations on a slab label. Heh.

Edit... no... wait...

That's SIX problem notations! Bwahahaha! >>

I see even more problems but ANACS ran out of room on the label.
Lance.

1868LargeCent

If that coin is tooled, it was tooled to make it look WORSE. All the other probs are warranted.

19Lyds

<< <i>

<< <i>

Perhaps the better question would be "why on earth would you buy them knowing that they were crap?

>>



Well, because I can sell them for more than I bought them. >>

You must have gotten them for below melt to be able to turn a profit on them. Well, unless you crack em and dip em, that might do it.

airplanenut

<< <i>Savoyspecial's "Gennie" 1984-D nickel WAS the prizewinner for a while, but I challenge anybody to top Jeremy's 1829 dime! It's a classic!

IIRC, airplanenut's 1829 dime was artificially messed up with the intent of receiving the label with the most problems listed. In fact, I think that Jeremy specifically asked ANACS to list all of the problems. Jeremy, please correct me if I am wrong. I am getting old, but that's how I remember the story.
>>

That's basically the story. I emailed Mike Farone (this was well before his move to PCGS) and asked if they'd make a label without a barcode to list lots of problems. He said they would, so I set out to find the right coin. I got the coin as a horrifically cleaned good (that's the best way to describe it), so please don't think I damaged a coin that was ever "nice." At the 2003 Baltimore ANA, I sat down with Mike to work out how to maximize the label's potential. We listed every problem with the coin (more than is shown on the holder... somewhere I probably have the submission form) and then he went back to the office to play with layouts until every last space was taken. That coin's been a lot of fun to show off over the years

BustHalfBrian

<< <i>I am going to virtually "steal" this one from Airplanenut.

I only hope he still owns it, and never, ever cracks it out.

Definitely my all time favorite.





>>



Someone thought it was a curled-base 2...

lordmarcovan

Aww, some of the mystique just went outta the Airplanenut dime.

I still love it, though.

1868LargeCent

All right, since the dime's been dethroned, here's a candidate: why?

Broadstruck

<< <i>

<< <i>



Thank you for starting this thread......I will be collecting my prize now >>




That is really hilarious! (the coin/slab) >>



Someone might have thought this was a mint error?

DIMEMAN

>>>All right, since the dime's been dethroned, here's a candidate: why?<<<

No way that 1802 copper dethrones the 1829 dime has WAY more problems. If it was a curl base 2........I would puke!

1868LargeCent

The dime was disqualified because it was made on purpose.

Here's a great one: Lost all respect for SEGS. What's next, Chinese fakes?

BillJones

Check out this 1893 Columbian half dollar on eBay. If he gets the asking the price, we'll known why it was submitted for grading. Otherwise ...

1893 Columbian Half

1868LargeCent

Is there a report for something like that? That has to go.

BillJones

<< <i>Is there a report for something like that? That has to go. >>



I presume you are talking about the 1893 Columbian half in the "details" grade.

I doubt that there is and really there shouldn't be. After a while this hand holding thing has to have a limit. The coin is graded by a top certification service. The seller has added some hype; and it's up the potential customer to do some research to avoid falling into the pit. When you have Google and the Internet there is not excuse to be so poorly informed as to pay $600 for this hunk of bullion.

19Lyds

<< <i>

<< <i>Is there a report for something like that? That has to go. >>



I presume you are talking about the 1893 Columbian half in the "details" grade.

I doubt that there is and really there shouldn't be. After a while this hand holding thing has to have a limit. The coin is graded by a top certification service. The seller has added some hype; and it's up the potential customer to do some research to avoid falling into the pit. When you have Google and the Internet there is not excuse to be so poorly informed as to pay $600 for this hunk of bullion. >>

Looking for a "LIKE" button!

1868LargeCent

I believe we have our WINNER! Who would buy this in their right mind. REALLY. Who would pay money to have this slabbed. Not to mention he's charging more than like $5 for it. I could see $5 cause it's funny that it's slabbed, a conv piece for coin clubs and the like. But this guy has LOST HIS MARBLES to try to get $150 for it. this is our champion!

STONE

<< <i>I believe we have our WINNER! Who would buy this in their right mind. REALLY. Who would pay money to have this slabbed. Not to mention he's charging more than like $5 for it. I could see $5 cause it's funny that it's slabbed, a conv piece for coin clubs and the like. But this guy has LOST HIS MARBLES to try to get $150 for it. this is our champion!
>>


Again, you are SOOOOOO naive!

AMRC

Most of this stuff comes from....

A. Someone looking for a variety.
B. Someone trying for a big score in grade but that does not know anything about grading
C. Someone who went to a dealer with Dad's collection and felt his skin start to crawl and decided to "ship the whole thing to PCGS."

tightbudget

<< <i>I believe we have our WINNER! Who would buy this in their right mind. REALLY. Who would pay money to have this slabbed. Not to mention he's charging more than like $5 for it. I could see $5 cause it's funny that it's slabbed, a conv piece for coin clubs and the like. But this guy has LOST HIS MARBLES to try to get $150 for it. this is our champion!
>>



I could see this going for well past $150 if it were in a PCGS holder.

1868LargeCent

<< <i>Most of this stuff comes from....

A. Someone looking for a variety.
B. Someone trying for a big score in grade but that does not know anything about grading
C. Someone who went to a dealer with Dad's collection and felt his skin start to crawl and decided to "ship the whole thing to PCGS." >>



I agree with all three. I bet that horrid Ike came from Group 3. Dad's lucky pocket piece, anyone?

lordmarcovan

I have sold better examples of this date and type in my $1 bin at the antique mall.

And its larger 10-centimos counterparts, too.

Somebody paid to have a cleaned example put in a PCGS Secure holder. Who knows why. Submission filler, perhaps?

The seller was right- it's "absolutely incredible", all right, but probably not for the reasons he thought. And yeah, sure, it's a Pop 1. Because nobody else would have been that silly.

pocketpiececommems

For those that don't know why the FR2 Ike was slabbed don't look at the Lowball section of the Registry set. And don't forget Braddicks offer for a PO01 Ike.