Australian-Coins Forum

Australian Coins, Banknotes and Exonumia => Australian Errors and Varieties => Topic started by: nealeffendi on August 04, 2014, 11:25:10 AM

Title: PCGS error coins
Post by: nealeffendi on August 04, 2014, 11:25:10 AM
I have a number of error coins (as we all do) but the fees and postage charges make it over $100/coin to get them slabbed, at that cost only 3 stand out as slab-able quality (a 1953 clipped florin ChUnc, a double clip 1951 florin aUnc or Unc and a triple clip 1961 shilling probable Unc) .
Has anyone here submitted error coins? Are error coins allowed on the Set Registry (as my '53 florin might be MS64 it will be my highest). Has anyone got an error coin on their Set Registry?
An extra question, do the error labels specify if clips are straight, curved or ragged as the triple clip has 2 curved and the third ragged and ragged is the scarcest type.
Title: RE: PCGS error coins
Post by: purplepennyhunter on August 04, 2014, 12:16:39 PM
We've only send about half a dozen errors as a bit of a test-the-waters. It was some time ago too -mid 2012. Ended up being expensive at $60 per coin (not sure what the exchange rate was at the time).
Haven't wanted to part with others for such a length of time for such a cost. I don't believe they'll show up on your registry set.

1974 50c (http://www.pcgs.com/Cert/25078458/) and 1979 10c (http://www.pcgs.com/Cert/25078460/).

I would look up some US clipped errors to see how they label them, there are lots and lots of US error coins graded.
Title: RE: PCGS error coins
Post by: nealeffendi on August 04, 2014, 12:45:08 PM
You did well at $60. It is now 65USD (over $70) a coin, plus all the extra fees and charges (like PCGS charge USD 66.45 for postage for 1 to 10 coins). I can understand why so few have gone to the expense.
I suppose I can wait until I have 10 slabable error coins to spread the postage costs (will take a few years:-/ ).
On a side note I've now filled 7 of the 8 berths for my PCGS regular submission (with the Platinum membership deal), so I'm on the prowl for the final slot coin.
7th coin arrived today (15 minutes ago) eBay item 321466389388, a bargain priced 1928 penny, no signs of wear so hope it will make MS63. At under $100 it needs 2 of these:yahoo::yahoo:
Title: RE: PCGS error coins
Post by: robbiegal on August 04, 2014, 04:35:46 PM
think the ebay number is wrong?
http://www.ebay.com.au/itm/GERMAN-WWII-PACKAGE-OF-GAUZE-BANDAGES-4-MULLBINDEN-6-MULLSTREITEN-/321466389388?ru=http%3A%2F%2Fwww.ebay.com.au%2Fsch%2Fi.html%3F_sacat%3D0%26_from%3DR40%26_nkw%3D321466389388%26_rdc%3D1&nma=true&si=L3xDQqAutdNziHXROOsLDpOUEgg%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557#ht_20wt_1365
Title: RE: PCGS error coins
Post by: nealeffendi on August 04, 2014, 04:47:10 PM
I should have gone to Specsavers:nea:. Correct number is 321466389368.
Title: RE: PCGS error coins
Post by: robbiegal on August 04, 2014, 04:52:31 PM
no worries
it won't work at all
I will believe you that the coin is fantastic anyways!!
Title: RE: PCGS error coins
Post by: nealeffendi on August 04, 2014, 06:12:55 PM
3rd time lucky? (fixed a wrong number).
I used to wear expensive prescription glasses many years ago, but my then toddler son twisted them to pieces, replaced them, he then twisted the replacement:-/  and never replaced them, so now I have multiple magnifying glasses on my desk to read dates on coins (which doesn't help with computer screens or keyboards).
Title: RE: PCGS error coins
Post by: robbiegal on August 04, 2014, 06:32:20 PM
yup worked
cheers
Title: RE: PCGS error coins
Post by: echidna on August 04, 2014, 07:47:09 PM
Quote from: 'nealeffendi' pid='56150' dateline='1407136630'I should have gone to Specsavers:nea:. Correct number is 321466389368.

Very nice.
Title: RE: PCGS error coins
Post by: trout on August 04, 2014, 08:23:10 PM
Just had a look at the original listing.
Very little lustre left and quite a bit of verdegis spotting on the coin.
NO obvious wear but I would call this as AU58 at best.
Bluesheet has this at $110 in this grade so you did OK.
Title: RE: PCGS error coins
Post by: Fr45h3R on August 04, 2014, 08:46:55 PM
Quote from: 'trout' pid='56163' dateline='1407149590'Just had a look at the original listing.
Very little lustre left and quite a bit of verdegis spotting on the coin.
NO obvious wear but I would call this as AU58 at best.
Bluesheet has this at $110 in this grade so you did OK.

If there is no wear, then why do you drop the grade to AU58 ?
Only wear will drop a coin below MS.
Title: RE: PCGS error coins
Post by: nealeffendi on August 04, 2014, 08:56:58 PM
Hi Trout
The green is purely on the surface and should come off with an acetone dip. It will be BN in the grading as very little lustre, then again it has more red showing than my 1935 penny that is graded MS63BN, also less contact marks and bagging. It is a little weak in the rim at 6.30 on the obverse and that might pull it down. There is a chance that it might only make AU58 but I hope not.
Title: RE: PCGS error coins
Post by: trout on August 04, 2014, 09:16:23 PM
I was just offering my Honest opinion on this coin.
The environmental damage on this coin WILL affect the grade IMHO.
For a cost of under $100 this is still a good acquisition :good:
Nicely done Mate :wavemulticolor:
Title: RE: PCGS error coins
Post by: nealeffendi on August 04, 2014, 09:56:54 PM
Appreciate you opinion Trout:wavemulticolor:
I think I didn't get much competition because others evaluated like you did. I figure I'll either do OK and have paid the going rate or I got it at under a tenth of its real value. Pacific Rim auctioned one a few months back with penetrating green that was slabbed MS63 and left the buyer 2 grand lighter. Mine only lacks the sparkle and the acetone dip might sort that out.