Planchet flaws interfere with grading.

TwoSides2aCoin · February 5, 2016 3:42AM

Not that I agree, but that's the way it is.

ctf_error_coins · February 5, 2016 3:50AM

Have it graded as a Mint Error and triple the price as the eye appeal is good.

TwoSides2aCoin · February 5, 2016 3:52AM

Originally posted by: ErrorsOnCoins
Have it graded as a Mint Error and triple the price as the eye appeal is good.

Thanks… excellent idea.

I need you guys for the simple reasons. I hadn't even considered the "error" as being a detriment to an assigned grade.

BillJones · February 5, 2016 4:15AM

Originally posted by: ErrorsOnCoins
Have it graded as a Mint Error and triple the price as the eye appeal is good.

Do you really think that will work? My experience is that coins like this with mint caused problems are worth less money than no problem coins simply because most collectors don't want the problem even if it is a mint error.

ctf_error_coins · February 5, 2016 4:18AM

Bill eye appeal is king and this one is cool. I do not know the series or value of the series so this could be a white elephant or the eye appeal could add value.

joebb21 · February 5, 2016 4:21AM

I dont think it should be in a graded holder and am glad its not.

For the collector of "non problem" coins, such a coin would sell for half of bid in a major auction thereby giving the illusion the market is dropping on them.

Perhaps the error market will view it differently and sell for multiples, but it should be labeled as such as it is not a straight grader in my opinion

ctf_error_coins · February 5, 2016 4:24AM

Some do a 7070 set of error coins, this would fill a hole

MonsterCoinz · February 5, 2016 4:37AM

I'm hijacking your thread to ask why this flaw (not damage?) is acceptable but yours is not.

Graded F15

ctf_error_coins · February 5, 2016 4:53AM

Originally posted by: mach1ne
I'm hijacking your thread to ask why this flaw (not damage?) is acceptable but yours is not.

The day of the week ....

leothelyon · February 5, 2016 5:35AM

I have one of those in a 1809 over inverted 9 half cent. The gouge runs N to S and is deep. I like thinking, the fuzzy crud in there dates all the way back to the early 1800's. Sounds gross, don't it?

BillJones · February 5, 2016 5:45AM

Originally posted by: ErrorsOnCoins
Bill eye appeal is king and this one is cool. I do not know the series or value of the series so this could be a white elephant or the eye appeal could add value.

That planchet defect on the Bust Half Dollar is "cool?" Not to my eye. It leaves me "cold." If I were collecting those by date or by variety, I'd avoid that one unless I couldn't find anything else.

BillJones · February 5, 2016 5:50AM

Originally posted by: mach1ne
I'm hijacking your thread to ask why this flaw (not damage?) is acceptable but yours is not.

Graded F15

That is piece of Mormon gold, and those coins are as scarce as hen's teeth. A collector would be happy to find any example of that at a half way reasonable price.

BUT

If I located two of those at the same show or in the same auction, one with the defect and one without, I'd take the "perfect" over that one and pay more for it. How much more would take some research on my part.

Rampage · February 5, 2016 6:55AM

The planchet flaw is definitely a Mint error, but would not yield significantly more money. You would be paying another $100 just to get it in a straight graded holder-$60 for the grading fee, $10 handling fee, plus shipping to and from. Not work it. I think you might break even, maybe plus five bucks. Not worth the hassle. It's a lovely coin as is.

291fifth · February 5, 2016 7:03AM

Don't waste money having it regraded. The coin is ugly and no holder is going to help make it better.

BillJones · February 5, 2016 7:13AM

Mint errors or better, older coins LOWER value; they don't increase it. They make it harder to sell a good coin from the 19th century and before.

The rules are different for modern coins. There the mint error enhances the value because collectors want those pieces. For the earlier material, it makes the coin less desirable.

I've posted this message a few times, but I'll do it again. When I purchased this 1795 lettered edge half cent it was raw. It has a very tiny planchet clip. The deal was if it came back as a "normal coin" NOT and error coin that I would pay the asking price for it. If it came back as an error coin the deal was off because that would have knocked a few thousand dollars off of the value. It came back normal so I own it. The PCGS grade on this is AU-58, and this piece is easily among the top ten known example for this variety, which is Cohen 1.

Rampage · February 5, 2016 7:24AM

That's a valid point, Bill. For the record, I would not pay a premium for the OPs coin. It is neat, but not one I would pay full freight for. It would definitely be for much less.

Sonorandesertrat · February 5, 2016 7:27AM

Beautiful half cent!

ms70 · February 5, 2016 7:59AM

I don't even understand why they gave it a details grade for a planchet flaw when they know darn well that's a mint error. I'm surprised PCGS didn't

recognize that and call you about it before slabbing & returning it. I guess that wouldn't result in more fees.

TwoSides2aCoin · February 5, 2016 8:31AM

Another Why planchet flaws interfere with grading. The link is to another thread. See my point.

messydesk · February 5, 2016 1:23PM

I find the planchet flaw distracting enough that I would pass on the coin if I were looking for an 1823 O-104 in Fine. PCGS in this case finds the flaw to make the coin market-unacceptable as a problem-free F12, and I would agree.

Broadstruck · February 5, 2016 1:50PM

As mentioned it will grade as a Mint Error.

As far as value I feel you can add on the new associated grading/shipping fees.

There's a CBH lamination in a ANACS White Holder that's priced high on the same dealers site since 2005.

So if you triple your asking price for the error you might own it for a decade or more?

TwoSides2aCoin · February 5, 2016 1:52PM

Originally posted by: Broadstruck
As mentioned it will grade as a Mint Error.

As far as value I feel you can add on the new associated grading/shipping fees.

There's a CBH lamination in a ANACS White Holder that's priced high on the same dealers site since 2005.

So if you triple your asking price for the error you might own for a decade or more?

I'd start the thing at $.99 on ebay. LOL @ holding for a decade.

Broadstruck · February 5, 2016 1:58PM

Originally posted by: TwoSides2aCoin

I'd start the thing at $.99 on ebay. LOL @ holding for a decade.

In that case don't add anymore money to it.

Just list it under both Mint Error & CBH categories.

As the mint error collectors will know it details graded because you sent it in under the wrong service.

Shame it's not a UNC Details Off Center

ricko · February 6, 2016 1:06AM

If looking for such a coin, I would avoid this one....personal preference.. planchet flaws detract

from the appeal of a coin. Cheers, RickO

TwoSides2aCoin · February 6, 2016 1:09AM

Originally posted by: ricko
If looking for such a coin, I would avoid this one....personal preference.. planchet flaws detract
from the appeal of a coin. Cheers, RickO

I could not agree with you, or Messydesk more. The only thing is : I don't pick and choose what "walks in" the shop. For fear of losing business, it's hard to turn away a "buy". The sell is tough, though

Planchet flaws interfere with grading.

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