Mislabeled 1915 $20? UPDATED INFO.
corvette4
Posts: 93
UPDATE: PCGS turnaround time was only 5 days for this mislabeled $20. Now it is appropriately labeled and makes a nice addition to my collection.
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In my first post on this forum I would like to pass along warm greetings to all members and say thanks for all of the very informative posts that I have read over the years. I have been a CC member during those times, and I have quietly absorbed a tremendous amount of knowledge from the members of this forum as I observed in the background.
I have been a coin collector for over 50 years now, and I remember getting in change many of the coins that I would have to pay large sums of money to get today. I can remember when I saw my first Franklin half in 1948, buying a BU roll of 1921 Peace dollars for $80, and putting together a nearly complete Morgan dollar set from rolls of dollars that I got from the bank at face value. Of course, Mercury dimes, Buffalo nickels, and Indian Head cents could be found in your pocket change.
I have owned some major keys in all of the US coin series over the years, and at one time I had over 200 DMPL Morgan dollars, along with some key gold coins, which I lost due to the robbery of my home. I learned my lesson and now I keep the high dollar stuff in a bank security box.
One of the reasons for this post is that I would like to pass along a story that hopefully will be encouraging, and at the same time get your opinion on the subject.
About two weeks ago I was looking at some scans of PCGS graded $20 Saint Gaudens by a specific company, and was focusing on the 1915-S coins. As I reviewed the MS64-65 coins I noticed that one of the MS64s that was supposed to be a S mint according to the PCGS holder did not seem to have a MM. The scans from this company are not the best, but I thought that I would order the coin and see if a mistake had been made in the label. The coin arrived a few days ago, and sure enough, at least by my eyes with 20X magnification, it seems that the coin in the holder labeled as a 1915-S is in reality a 1915. Check the scans below. Sorry, not very good images, but the best I can do for now.
I know that a MS64, 1915 is hard to come by, and this one is a good MS64, not a low end one. It seems to have original surfaces, has never been cleaned IMO, no rim dings, no major marks, and good strike and luster.
Since I already own a 1915 should I send it back to PCGS for re-labeling, or keep it as an example that even the best of the TPG can make a mistake?
UPDATE: Corrected label from PCGS.
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Comments
i'd send it in under a mechanical error label...you bet
Below the date and easy to see.
cert lookup is also an S
Camelot
<< <i>I see the S in the pic?
Below the date and easy to see.
cert lookup is also an S >>
The MM on these coins is ABOVE the date. All coins carry the "s" below the date.
Well maybe the graders saw the other S! LOL
I was looking for a pic and found one, sure looks funny with the S below and smaller S above.
15-s on ebay with both S
1915-s....ms64....$1.7k
did you pay 1915-s price?
Send it back.
<< <i>Yes, I paid 1915-S price ($1,140.00 which included insurance and postage). This was one of the times that I came out on the top end. There have been a number of times that I did not get good product for the price, and some were even from this company. I guess that in the long run it all equals out. >>
So you got a 5-6k coin for $1,100? Here is your official very first YOU SUCK award!
sweetness
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
Keep it, and get it corrected.
-Randy Newman
If the real story is known it could be that everyone was happy with their part of the transaction. It is sort of like Collector A coming into a show with a coin they had $100 into and sells the coin to Dealer A for $1000, and both parties are happy. Dealer A then sells to Dealer B for $2000, and both parties are happy with the transaction. Dealer B then sells to Collector B for $3000, and both parties are happy. Things like that do happen.
One thing I am happy about is that I have won an award on my first post? Was that a first?
Taking some of your advice I guess that the coin goes back to PCGS to be reholdered.
Very nice to see good news these days
Welcome.
-wes
Too many positive BST transactions with too many members to list.
Now then, not because of your pick, but because you got a 'YOU SUCK' on your very first post...
YOU SUCK!
Now you have two!
There are issues where the mint marks on gold coins ("S" mint mark $5 Indians, weak D $21/2 Indians) are virtually invisibe, so I ask the question.
Other than that - nice score! Resubmit, unless you want to have your heirs (potentially) make the same mistake
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Are there any other die markers on the coin that would indicate that this apparent Philly Mint coin actually came out of San Fran?
There are issues where the mint marks on gold coins ("S" mint mark $5 Indians, weak D $21/2 Indians) are virtually invisibe, so I ask the question.
That is an excellent question and I was wondering if anyone else had input before I send it to PCGS. I have gone over the coin with a 20X magnification at least 10 times, and I have comparied it to the other 1915 that I have in my collection, and to my eye it just seems to be a "Mechanical Error" on the behalf of PCGS. If any of the members have anything that I should be looking for to ensure that it really is a 1915-P I most certainly would appreciate the comments. I would hate to waste money on postage and insurance because of my own stupidity. I have been down that road enough in my lifetime.
now which dealer was it so we can laugh at how they buy the holder
and not the coin?
We need instant replay on that!
BTW.....
and a belated welcome.
john