Coinbuf

I somehow get the feeling that this joker might already be on the forum ats. EZV is that you?

This section of the forum is for buying and selling of coins, please do not post coins here unless for sale, and if for sale follow the rules in the sticky post at the top.

No, worth a total of $15 max, not worth spending $100 to grade.

Well first, as already noted there is no such thing as an SMS coin from the Denver mint, so that is strike one. Second you are searching for something that does not exist in the wild at all. The only 64 SMS coins came from the estate of the mint director in 1964, unless you have one of those estate coins with the proper paperwork to substantiate the provenance (hint all the coins from that estate have been certified) you cannot have a 1964 SMS coin, strike two. And third the coins that have been certified as 1964 SMS coins (not everyone in the numismatic community agrees with these certified coins being called SMS) look noting like your coin, strike three. I would suggest that you do more due diligence before you submit coins, (that does not mean following the misguidance you find on youtube), even a basic search here on this forum and you would have found the information that I typed above. Getting the PL designation may help you breakeven on this coin, but relying on luck over knowledge when submitting coins is a bad recipe.

Welcome to the forum, as you say this is raised it cannot be a strike thru as that would be incuse on the surface. So most likely it is a die gouge or linear die dent, both are forms of damage that occurred to the die during the production run.

First nice catch! Second Morgan dollars, even doubling like this, are called "Vams". I have included a link to a site called Vam World, there you can see all the vams for each year listed with photos and pups (pick up points). The vams are listed out by year but also by top 100, hot 50 and a few other ways to help identify those that may be worth a premium, I did not attempt to identify your coin from the list but did not see any 1903-P's in the top 100 or top 50. Vanworld Before you send in any coin that you want certified with an error or variety you need to check NGC's list of what they will certify. Because there are vams for every year NGC does not consider each and every vam as significant enough to be worth verifying. So always check the list of vams and varieties before you spend money on something that NGC will not do. Here is a link to NGC's variety list. Variety plus And lastly, without photos of the full obv and rev of the coin it is impossible to get any sense of what or how your coin might grade. That is very important in being able to reply to your question on if we would or think you should have it graded. Welcome to the forum.

Really awful news. RIP.

I would not do so on purpose, wasting funds on such an endeavor just means that I have fewer funds to buy coins with. Coins like this can be safely stored in any number of holders, flips, 2X2's, kointain holders, capital plastic holders, etc... All at a substantial cost savings over sending a coin to be graded and slabbed. And to be fair with the popularity of the everyman sets an AU58 coin may have greater desirability to those building those types of registry sets nowdays. So while you may not make much your AU58 coin could do better financially than you think, maybe. Now I do have some coins that have lost value due to gradeflation which today would not be worth slabbing, and a few grading whiffs on my part as well, but those situations are different that knowingly slabbing low value coins.

This is the key takeaway, the coin at the center of this discussion is a well circulated coin with some type of damage. We can all continue to guess what happened, however, the time this coin has spent in circulation has likely erased the evidence needed to positively identify the source of the damage.

As a general rule yes all coins have to be graded to be placed into a registry set. However, there are a few exceptions, there are a handful of coins that have not received a numeric grade only a generic BU or AU grade when they were graded by NGC. These are often done for the TV sellers and for other special circumstances like some of the shipwreck coins. NGC does allow those in some types of sets, usually these coins receive very low points. Again, these are the exceptions not the norm.

Popular novelty item that the click bait youtube sites love to promote as the type of thing that will make you rich. These were promoted and hyped when they were first "found" and they did sell for a modest premium at first, some uninformed buyers may still be interested in such items.

If you enjoy throwing away money then sure you should, however, you'll get quicker gratification if you wad up three twenty dollar bills and light them on fire.

As bobby said the coins you have shown are common circulated coins that have been plated or reprocessed. There is no numismatic value, there is nothing "good" about them in any way.

Back on track (as Idhair likes to say).

It is an everyday ordinary quarter not silver and not nickel. However, when coins are minted the reeding is very sharp, also the coin presses used in the mint today produce a high volume of coins. Those coins are then dumped (practically shot into) a tote, many coins receive this type of damage before they even leave the mint. Because nickels have no edge reeding they are less likely to receive such damage at the mint, but it is still possible for a nickel coin to become damaged with these reeding marks once they are mixed with other coins while in circulation.

Irrational exuberance was the term used by a member of the forum ATS, certainly some truth to that thought. I guess some folks just really wanted most of the Blay coins, I assume that some just wanted to have a part of the best set or the provenance. This was true for me as the one coin I did win I paid too much for, not 4K too much for but well over what the coin I won is worth. Some must be the very well heeled collectors that wanted to improve their sets, and lastly thee have to be some dealers that are planning to crack or resubmit looking for MS68 grades. I know where I can lay my hands on a very nice 40-D in 67+ for less than $500, one fourth of what the Blay coin sold for. Wild auction results for sure, and that is just the beginning as currently his Canadian cents are now up on GC and I am guessing that his Indian cents will be soon too.

Damage from the reading of another coin.

When I buy a raw coin I use the many years of experience to guide myself on what to purchase. I never just impulse buy, if I'm looking at a raw coin I have done the research and know what to look for. I could care less about errors or varieties from a collecting standpoint, they are fun to research and learn about, but I have zero interest in owning many. The few that I do own were bought either for a specific reason or set. I did when younger make a few mistake purchases, but (as everyone should) I learned from those mistakes and now I stay away from coins that I have not researched or understand what I should look for. I suppose if I were only interested in get rich quick coins (you know the kind that get hyped but cannot be found in the wild) then having a scale to weigh hundreds of thousands of Lincoln cents in the search for a unicorn might be useful.

Did you see the final price, $4,472 with the juice!! Not just surpassed, you were blown away!! Wow I never expected that to sell for that much. And the 40-D went for moon money too, crazy bidding.

Really, I've been collecting coins for over 40 years and never owned a scale or needed to weigh a coin once. I do agree with the Red Book and loupe, those are essentials.

Yep that 40-D is very nice indeed, would be a very nice upgrade if the points were there.

Welcome to the forum, what problems are you having? Ali from the NGC registry team has put together a very nice step by step tutorial, here is the link to that tutorial. How to add coins to the NGC registry