How much consideration do errors get when grading a coin?

[Guest]

I have a beautiful 1965-P Lincoln penny that has a reverse die clash error on it. I would like the coin to be graded by PCGS with no reference to the error. In order for this to be profitable for me the coin must grade out at MS66RD or higher. I believe that this coin would be a solid 66 except I'm unsure if PCGS will penalize the coin due to the error. Would love to hear from others who have submitted these types of coins and would love to hear what everyone would grade this coin to be as it is.

Thanks in advance.

Sonya

[georoxx]

Not 100% on this, but I think the answer is NONE.

Nice clash.

-George

[1sgret]

I would grade the coin at MS64 or 65. Grading by photos is hard and subjective.

IMO the clash should not have any impact on the grade as the coin was not altered/damaged to the surface areas of the coin.

[trails]

This is where it does get tricky. The die clash should not enter into the picture as far as the grade goes. HOWEVER, the die scratching to remove the die clash may have an effect on the overall grade of the coin.

Why? In the high grades, the term "eye appeal" begins to count more for the grade than in lower grades. Example; you have two 1965 Lincoln cents side by side with one showing die scratching and the other having no die scratching. Even though both coins have no post production damage, the unblemished coin or the coin with no die scratching will normally receive the higher grade. That is because it has greater eye appeal

Since the die clash is very obvious on your coin, why not submit it as an error coin? Die clashes can bring a healthy premium, especially in higher grades.

BJ Neff

[sonyaonya]

Since the die clash is very obvious on your coin, why not submit it as an error coin? Die clashes can bring a healthy premium, especially in higher grades.

PCGS CHARGES $50 TO SLAB AN ERROR. COULD I EXPECT TO MAKE A RETURN ON THAT IF IT GRADED OUT AT MS65? I'VE NOT SEEN IT DONE ON EBAY.

[1sgret]

Since the die clash is very obvious on your coin, why not submit it as an error coin? Die clashes can bring a healthy premium, especially in higher grades.

PCGS CHARGES $50 TO SLAB AN ERROR. COULD I EXPECT TO MAKE A RETURN ON THAT IF IT GRADED OUT AT MS65? I'VE NOT SEEN IT DONE ON EBAY.

IMO I would not think so. Also don't forget you have to include the return shipping/Insurance and the the same for sending it.

If it were a high value error I think it would be worthwhile.

[trails]

Since the die clash is very obvious on your coin, why not submit it as an error coin? Die clashes can bring a healthy premium, especially in higher grades.

PCGS CHARGES $50 TO SLAB AN ERROR. COULD I EXPECT TO MAKE A RETURN ON THAT IF IT GRADED OUT AT MS65? I'VE NOT SEEN IT DONE ON EBAY.

That is a ridiculous price for stating that it is an error on the encapsulation. Maybe that is why ICG and ANACS handle all the error and variation encapsulations; their charge is only an additional $5.00 per coin.

My feeling is that you are ignoring the obvious die clash if you encapsulate it with PCGS and any buyer will question why this feature was left off the description on the encapsulation.

BJ Neff

[MintyFresh]

That is a ridiculous price for stating that it is an error on the encapsulation. Maybe that is why ICG and ANACS handle all the error and variation encapsulations; their charge is only an additional $5.00 per coin.

My feeling is that you are ignoring the obvious die clash if you encapsulate it with PCGS and any buyer will question why this feature was left off the description on the encapsulation.

BJ Neff

I learned my lesson last month with NGC -
I sent several of my 1955 DDO-004/ DDR-006 into NGC and they tried to tell me that it was die deterioration, this was after I asked if they would attribute for me so I could get it with the NGC grade. I did my home work upfront and first retained their assuarance that they would add my 1955 PR DDO/DDR to thier "approval list" and printing the error on the lable, I spent $229 and had them reneg and sending the coin bak as "Insignificant"I sent them links to Coppercoins and Wexler’s pages (Wexler updated his pic with my coin). They gave them a PR68 grade which made me quite happy otherwise.

Here are the club references: 1955 1c Wexler: WDDO-006 / WDDR-005 Cross References: CONECA: 4-O-II, Crawford: CDDO-003

I am not happy with NGC.

[trails]

When dealing with third party grading companies, I find it best to talk directly with a representative that knows what you are talking about. Unfortunately, PCGS and NGC seem to be lacking in that consideration. However, ICG and ANACS are more than willing to encapsulate error and variety coins and will talk to you at various shows that they do attend.

I have an excellent working relationship with Randy Campbell of ICG. One of his best qualities is that he will tell you if the coin is worth encapsulating or not. I am not aware if other companies do this or not (though I do know for sure that some do not), but it is just an added feature that makes encapsulating a coin less painful to the pocket.

BJ Neff

[Brad]

PCGS would give a technical grade, not an eye appeal grade. The die scratches & clash should not count against the coin. That being said, who knows what the individual grader might do. If you send that coin in, I would be prepared for any grade in the MS64RD to MS66RD range. My guess would be MS65RD.