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Interesting item about coin # 10 million

HalfsenseHalfsense Posts: 600 ✭✭✭
in U.S. Coin Forum
A "fresh" coin, off the market for a quarter century and owned by an elderly collector, sets the bar up a notch and has the honor of being certified the 10 millionth coin at PCGS. Cool story:


Link to story

-donn-
"If it happens in numismatics, it's news to me....

Comments

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    ShamikaShamika Posts: 18,785 ✭✭✭✭


    << <i>We're very excited about this wonderful coin and the lucky timing of when it was submitted to PCGS. >>


    Not to be a skeptic, but... image

    Buyer and seller of vintage coin boards!
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    lordmarcovanlordmarcovan Posts: 45,020 ✭✭✭✭✭
    Sweet coin.

    I wonder what #1 was, and if it's still holdered?

    Collector since 1976. On the CU forums here since 2001.

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    RussRuss Posts: 48,514 ✭✭✭
    Anybody notice that these grading milestone announcements NEVER involve some common coin? It's always some great rarity.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
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    HalfsenseHalfsense Posts: 600 ✭✭✭


    << <i>Anybody notice that these grading milestone announcements NEVER involve some common coin? It's always some great rarity.


    Not true. Number 8 million, if I correctly recall, was "only" a VF three-legged Buffalo submitted by a sailor stationed in Norfolk, VA.

    -donn-
    "If it happens in numismatics, it's news to me....
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    kieferscoinskieferscoins Posts: 10,017 ✭


    << <i>Anybody notice that these grading milestone announcements NEVER involve some common coin? It's always some great rarity. >>



    Yeah, and we bring it up at every milestone Russ. You know that.

    Cameron Kiefer
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    BladeBlade Posts: 1,744 ✭
    Russ,
    That has always surprised me too - you would think some low value coin would get it one of these days. What are the chances a Pop 1 is the coin found, at random, coming through the PCGS grading line? Not to argue - if it was my PR dept, I would set up to make sure it was an interesting coin as well.
    Tom

    NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.

    Type collector since 1981
    Current focus 1855 date type set
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    clackamasclackamas Posts: 5,615 ✭


    << <i>Anybody notice that these grading milestone announcements NEVER involve some common coin? It's always some great rarity.

    Russ, NCNE >>



    Yep, Never would be a 2004 SAE or Proof state quarter. Odds seam fairly low that an MS65 gold coin from the 1840's would just happen to be the 10,000,000 coin. How many of these do they get? Not many.
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    rainbowroosierainbowroosie Posts: 4,875 ✭✭✭✭
    C'mon guys, cut PCGS a break....everything in the world is not a conspiracy....well, maybe the Ohio results?????imageimage
    "You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68."
    rainbowroosie April 1, 2003
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    RussRuss Posts: 48,514 ✭✭✭


    << <i>Yeah, and we bring it up at every milestone Russ. You know that.

    Cameron Kiefer >>



    Cammie,

    Click here.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
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    TUMUSSTUMUSS Posts: 2,207 ✭
    What do you guesstimate the hammer will be on that one????
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    MelmcbeeMelmcbee Posts: 168


    << <i>PCGS estimates the total declared value of the ten million certified coins is approximately $10.8 billion. >>



    I know that I am new and it is 3:30 in the morning here but.... did I read this correctly? Are they saying this $5.00 gold coin is possibly worth over 10 billion dollars?

    LOL... nevermind I read it again.. Sorry
    Melanie
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    TWODOGSTWODOGS Posts: 1,419
    I got the 12 millionth bodybag and no one said squat!
    J.C.
    *******************************************************************************

    imageimageSee ya on the other side, Dudes. image
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    BarryBarry Posts: 10,100 ✭✭✭
    I go along with the conspiracy theory, considering the number of moderns being submitted. The odds would have favored a forgettable coin (like an AH Kennedy image )
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    ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭


    << <i>I go along with the conspiracy theory, considering the number of moderns being submitted. The odds would have favored a forgettable coin (like an AH Kennedy image ) >>



    Of course.

    The other thing I don't quite get is why the coin I submitted last week came back with a number in the 2.7 millions -
    can someone explain that?



    Coin Rarities Online
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    earlwbollingerearlwbollinger Posts: 1,304
    Interesting, i would have thought a lowly Lincoln Memorial at MS64 or MS65 would have gotten the "special" number.
    image
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    ziggy29ziggy29 Posts: 18,669 ✭✭✭
    It's probably more like the TWO millionth coin -- the rest are all crackouts and resubmissions of a coin already certified by PCGS. image
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    BigEBigE Posts: 6,949 ✭✭✭
    Maybe it was a weenie coin and they had to pick something else-------------BigE
    I'm glad I am a Tree
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    maddogalemaddogale Posts: 859 ✭✭
    got the 12 millionth bodybag and no one said squat!

    Hey, who let you out of the Open Forum???? BTW, from what I hear, you collect bodybags anyway!! image

    image
    "I won't be wronged, I won't be insulted, I won't be laid a hand on; I don't do these things to other people, I require the same from them."
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    100proof1957100proof1957 Posts: 6,231 ✭
    Gee whiz,lets see here

    We have 6200 coins to grade right now,we are at 9,999,999
    lets stop for coffee and see what walks in the door in the next 15 minutes and slab that baby as number 10m

    Damm ! imagine that,finest known coin on a one day walk through

    What are the odds !


    UH Right !
    image
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    TWODOGSTWODOGS Posts: 1,419


    << <i> got the 12 millionth bodybag and no one said squat!

    Hey, who let you out of the Open Forum???? BTW, from what I hear, you collect bodybags anyway!! image

    image >>

    Hey! Let's not be starting rumors. (Or perpetuating existing rumors.) I fill and dispose...not collect.
    J.C.
    *******************************************************************************

    imageimageSee ya on the other side, Dudes. image
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    maddogalemaddogale Posts: 859 ✭✭
    Hey! Let's not be starting rumors. (Or perpetuating existing rumors.) I fill and dispose...not collect.

    I didn't start the rumor, I just heard it....(via Mr Lee..image ) I'll say no more about it......image
    "I won't be wronged, I won't be insulted, I won't be laid a hand on; I don't do these things to other people, I require the same from them."
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    TWODOGSTWODOGS Posts: 1,419


    << <i>I didn't start the rumor, I just heard it....(via Mr Lee..image ) I'll say no more about it......image >>

    MrLee is the spawn of Satan and only exists to foment discord.
    J.C.
    *******************************************************************************

    imageimageSee ya on the other side, Dudes. image
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    nwcsnwcs Posts: 13,386 ✭✭✭


    << <i>

    << <i>Anybody notice that these grading milestone announcements NEVER involve some common coin? It's always some great rarity.


    Not true. Number 8 million, if I correctly recall, was "only" a VF three-legged Buffalo submitted by a sailor stationed in Norfolk, VA.

    -donn- >>

    8 million was a super duper SLQ that Whitlow submitted.
    Blog and Pics
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    CoinosaurusCoinosaurus Posts: 9,652 ✭✭✭✭✭
    Probably when they got within 10 or 20 thousand coins they just said, "let's take the next good one and call it number 10,000,000".
    Newman Numismatic Portal, www.NewmanPortal.org
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    coinguy89coinguy89 Posts: 2,151


    << <i>Maybe it was a weenie coin and they had to pick something else-------------BigE >>



    I agree, I personally think it is a publicity deal. If I was a grading service i'd make sure all of the landmark ones graded were great rarities. It makes your service look better, saying you get the nice rare ones.
    Scott Hopkins
    -YN Currently Collecting & Researching Colonial World Coins, Especially Spanish Coins, With a Great Interest in WWII Militaria.

    My Ebay!

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