jtryka

On 12/18/2020 at 12:51 PM, RWB said:

It's an ordinary cent. No US coins dated 1964 are rare, scarce, unavailable, or special in any way, with the possible exception of accented hair proof halves. ...and there are plenty of them to go around.

Since they are not special in any way, please send me all of your 1964 dated dimes, quarters and half dollars and I will gladly pay you face value plus postage...

4 minutes ago, GoldFinger1969 said:

Not familiar with them, story ? 

I believe those were the Sacagawea/quarter mules that came out in the early 2000s, here's a link to the coin on the PCGS site: https://www.pcgs.com/top100/coin6

Pardon my ignorance, but what is the managed payments system?  I haven't sold on eBay for a long time, but will buy occasionally.

1 hour ago, ProfHaroldHill said:

The authorization to issue is very specific to the coin being issued; composition, quantity, weight, design(s) etc. Also, the coins can only be issued from the mint by an authorized agent; the mint official(s). Once the Sacageweas were altered by being overstruck with the cent dies, they no longer met the specs required to be issued. Every other coin in the bin (or ballistic nylon bag,) still 'fit the billing', and as they were released they all became lawful US money, but the altered coins immediately became counterfeits. If the counterfeiters had pulled 500 $1 coins out of a bag, and then only used 200 of them, tossing the others back, those 300 tossed back would still be legally issued coins once they were shipped out of the mint. It would make no difference that someone had handled them for bit while the coins were sitting, waiting to be release.

If you and I broke into the mint, (or if we were employees in there legally,)  and we struck up a bunch of coins, using all the proper equipment, and we managed to have them slip through the usual release channels, so that they left the custody of the mint, we'd still be charged with counterfeiting when we were caught.  In this case the coins would even "met the design specs" for authorized release, but we were not authorized as agents of the issuing authority to manufacture and release into circulation, the 'extra' coins that we struck. (Counterfeiting would be the charge even if we never got our hands on the extra coins after they left the mint.)

 

 

I don't think this is correct.  First off, if you've ever seen the mint in operation, I don't know how these errors could be created, as the diameter of a dollar is larger than a cent, so it wouldn't be possible for the larger coin to fit in the collar and be struck.  I could see a cent struck by a larger press, but not this the other way around.  In actual operation these coins are all fed into enormous bags (these aren't the typical $1,000 face bags of quarters or dimes, these are pallet sized industrial bags) and there is no one standing there authorizing the release of each coin, it's an industrial process.  Errors happen frequently (though they might only be one in a million coins, that's thousands of errors per year, are all of those counterfeits?  A coin struck twice, is that a counterfeit?  The answer is no.  If they got released, they were released, they are legal tender by their very definition, these were not produced to be illicit $1.01 coins so they could get the extra penny, they were released as dollar coins with bad quality.  If the employee stole them and sold them as "errors" then it's a stolen property issue, not a counterfeiting issue.  By process such errors should be identified before release and destroyed, but that process is not 100%, so some eventually make it out.  I have a 1974 cent that weighs 2.5 grams and was likely struck on a foreign planchet, is that a counterfeit?  I got it in circulation and am pretty sure it was produced at the mint, but it's not to mint specifications for that year.  

And the argument about you and me breaking into the mint is ludicrous on its face, but to play along, if we arranged for them to leave the mint, we would likely be in violation of mint procedures, and would be fired.  If we absconded with the coins and sold them, it would be a simple case of stolen property, not counterfeiting.  The Mint is not in the business of producing error coins, as such the production of error coins cannot be counterfeiting.

Do you consider well known error or pattern coins to be part of a complete collection (i.e. expensive ones like the 1913 Liberty nickel or even common ones like the 1937 3-legged nickel or 1922 no-D cent)?

Is collecting bust coins by die marriage a symptom of a mental disorder? (this is a rhetorical question).

How do non-circulating legal tender coins fit in with your collecting?

That's very cool!

If these coins went out through normal channels of commerce from the mint, wouldn't they by definition be authorized?  I am not familiar with these specific coins but if they went out in mint bags to the Fed, they would be authorized, but if they went out the back door with an employee then it would seem they were stolen property (in this case what should have been scrap) but not necessarily counterfeits.

On 12/11/2020 at 10:48 PM, rocket23 said:

seems thin, no reed at all not even a trace......that and the light weight are dead giveaways.......could do a scrape est now seeing as it's a smelt piece; I'm getting a caliper tomorrow.....i'll post a pic tomorrow...it's all packed away now....might even start a thread

It's possible that it's just well worn, as silver coins can easily lose 5% of their silver weight over time due to wear, which is why silver buyers often buy by weight rather than face value (at least when buying large quantities) as the Barber and other older coins are often of much lower weigh than spec.

They are way behind, I tried to cancel my order the same day and finally got an e-mail reply about a week and a half after the medal had been delivered!  Good luck, you might just use the form in the package and return it by insured mail and then file a credit card dispute if they don't issue a refund after they receive it back.

Aren't the diagnostics on the 1922 High Relief the number of rays on the reverse?

By the way, I thought Steve Cohen was permanently banned from the securities industry following the shenanigans at SAC Capital.  I had dealings with the former firm and saw all the interesting measures at Point 72 and the other successor firms following the enforcement actions.  Apparently he's doing this with his personal money so it likely doesn't break any "rules"...interesting nonetheless...

Why would you need to test a silver coin?  Generally, if a coin was made of silver there is no need to test unless you have reason to believe it might be fake.  Generally counterfeiters are not going to fake common silver coins (I could never conceive of any reason to test a silver Kennedy, whether 90% or 40%).  A silver trade dollar, sure, but I'm not testing that for silver, I'm testing to see if it's fake, whether a good fake (made of silver) or a bad fake, like the 1872 trade dollar I have that is made of steel, likely from China.  I have heard stories of fake bullion coins, like silver eagles, but I find that most of those stories are from dealers interacting with the public, vs. people who purchase bullion coins from reputable dealers.

So, I guess the bottom line answer is that I generally don't test my silver coins.

What do you mean by "test"?

This makes me sad that I never bought the stock at $3...by the way, private equity folks rarely buy businesses with the intent of destroying them (though to be fair, it does happen occasionally).

This is an interesting one and highlights the difference between cherry picking and taking advantage of an ignorant member of the general public.  From my perspective, coin dealers have to be well educated on coins, that's their job and if they don't do it well, they might reconsider their business choice.  That said, no one can be an expert on everything, we all have our strengths and weaknesses.  For someone like me that collects bust halves, it's not hard to find something interesting in a dealer case that they might have overlooked since this is not their area of expertise.  It's not my job to tell them what they have if they don't put forth the effort to do it themselves.  I have both cherry picked and been cherry picked (and I'm not even a dealer!), the last time was when someone I know who is an avid Kennedy collector cherry picked a half from a book of coins I was selling at the local club meeting and then informed me that the coin had a missing FG.  I congratulated him and moved on, since you can't win them all!  But I was also at the local bank a few years ago and they had a 1928 $100 FRN with a number in the Fed seal rather than a letter and they asked me whether it was worth anything.  I told them it might be worth $20 over face, but you'd be hard pressed to find anyone to pay that.  I told them to call a local dealer and ask and they did and the answer was the same, so they gave it to me for face value.  To me it's always better to be honest in these things than to just try to score, as my integrity is worth far more than whatever I might make in a short-term trade.

1 hour ago, Dimeman said:

When you put a pic in a post here is it like PCGS where the pic is actually stored here or is it like CoinTalk where you have to put it somewhere else and link to it?

It is uploaded and stored here.  Below there are options (see I just attached this photo of the options to attach photos):

You can drag and drop or click on "choose files" to select from your computer.  Hope this helps.

Very nice dime, it's far from my area of expertise, but I would say it looks high AU, perhaps a 58.

Congrats!

I think this is a nice looking coin, but my fear would be that NGC might net grade the coin for the damage on the rim.  My experience has been that most TPGs are consistently inconsistent when it comes to grading bust material.

I am going to guess 1918 for no real logical reason.  Thanks for the fun contest and I don't envy your dirty fingertips!

Yes, the RCM issue was the last one with a foreign mint.  

Well I just e-mailed to cancel my order for the one medal, maybe I'll try to get the set for under issue price in the secondary market, or maybe I'll just pass entirely...

The announcement said they were available at noon!  They are still available at the Royal mint site but that will cost you 195 pounds plus shipping.  I really don't think the mint wants customers anymore...

400th Anniversary of the Mayflower Voyage Silver Proof Coin and Medal Set $150.00