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Call on bag of 1960 Lincoln cents with an official tag of being defective
logger7
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I got a call from an area antiques dealer a few weeks ago who got a bag of 1960 Lincoln cents from his grandfather tagged as somehow defective to be disposed of. Is this possible? Wouldn't a mint separating defective cents out keep them at the mint and then dispose of them? I asked him to send me pictures and have not gotten them yet.
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I am highly suspicious.
Indeed that's odd
Maybe it's the tag that is defective.
Whose bag?
Whose tag?
In 1960 Cents were issued in Mint-sewn $50 bags. If the bag is never opened, how do we know that the coins are defective? If the bag is opened, how do we know who put what in it?
I have the guy's number, he brought it to a shop some years ago and was told he had to open the bag for it to be profitable.
Well you know since you started this thread at some point we Will need to see pictures of these defective coins.
if he's still holding onto it after being told that, then perhaps you ask what he wants for it on the phone.
eBay has a couple of completed sales in the $400 range for an opened bag. I expect an unopened bag would bring more. So technically it would be profitable (to some extent) even if unopened.
xray it to get some sort of idea
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I'd love for this to end up as a bag of 5000 error coins. My prediction is "not that".
I think we need a better description From the antique dealer.
Is the bag mint sewn or just an original bag that’s been opened in crimped?
Does anyone know what the “errors“ might be?
Like Tom and others I’m very suspicious at this point with very little information available
Here’s my ‘suspicion’ after 30 years in a coin shop:
Grandpa, for whatever reason, wrote ‘defective’ on a tag, then tied the bag shut.
30+ years coin shop experience (ret.) Coins, bullion, currency, scrap & interesting folks. Loved every minute!
I'll follow up if the guy sends me some pictures as he agreed to do after a long talk on the phone.
Great! I am curious to see what the "official tag" looks like!
Bag is very sus
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