2001 Sacagawea Dollar Direct Ship Rolls
On January 4, 2010, the United States Mint began selling rolls of 2001 Sacagawea Dollars through their Direct Ship Program. Because the offering was unusual, unexpected, and priced at face value, I ordered a box. I received the coins today and wanted to provide a brief report.*
The Direct Ship Rolls are sold in quantities of 250 coins at face value with no charge for shipping. These are packaged in ten 25-coin rolls placed within a cardboard box. In previous instances when I had ordered Direct Ship rolls, they had been packaged in N.F. String & Son red and white wrappers. These types of wrappers are commonly encountered on rolls of coins obtained from banks.
When I opened the box of Direct Ship Rolls which arrived today, I was surprised to see that the wrappers were the yellow and black style that the US Mint has used for their premium priced numismatic rolls.
When the 2001 Sacagawea Dollar was initially released, the US Mint had sold bags and rolls of the coins for collectors. The 25-coin rolls were available from either the Philadelphia or Denver Mint and priced at $35.50 each. Today, these original rolls can sell for a significant premium on the secondary market. This premium is driven solely by the packaging since 2001 Sacagawea Dollars has a high mintage can be easily found.
At first, I thought that the rolls I received might have been remnants of the US Mint's old inventory. Upon doing some further research, I found that the style of packaging on the Direct Ship rolls differs from the original 2001 Sacagawea Dollar rolls sold by the US Mint.
The original have a small image of the obverse and reverse of the coin on the wrapper and include the mint mark "P" or "D". (See this eBay auction.) The rolls from the Direct Ship program display the US Mint logo and do not indicate the mint mark. It is very odd that the US Mint would use the premium style of packaging for Direct Ship rolls, but at least in this case there is still a way to differentiate the offerings.
The 2001 Sacagawea Dollars that I received all appear to be from the Philadelphia Mint. I have opened one roll so far, and the rolls displaying at least one heads-side have the "P" mint mark. The condition of the coins contained in the rolls was uncirculated, but nearly all of the coins displayed spotty discoloration. See images below with scanner and camera.
*Note that the coins received will be spent into circulation in accordance with the intended purpose of the program.
Labels: Other Coins
posted by Mint News Blog @ 6:58 AM
85 Comments:
I received my coins last night - 2 $250 boxes. I was pleasantly surprised to see the mint wrapping, believing for a split second that these were leftover rolls that went unsold. However, I could not help but notice the discoloration too all over the coins. It is not one or two either, it is just about every single coin and roll in both boxes. I am disappointed in the condition of the coins.
Oh well, I planned on ordering the rolls and keeping a few but now, I will go on and fulfill the purpose of the program and put these discolored suckers into circulation.
What does the spotty condition of the rolls portend for the future condition of other types of US Mint coins of similar metal content? Can anyone comment as to whether or not they believe that the rolls Michael and the previous poster received where spotty at the time of production or was this due to oxidizing from aging?
Jim L.
The condition of the coins is probably from the conditions of their storage, and since they are not in 'collectible' condition, it makes perfect sense that they are being sold through the Direct Ship program.
One wonders if they have any 2001-D's, and if those were stored under the same conditions.
They might have some 2001 "D" coins too, and will ship them through the Direct Ship program also. I used to get both "P" and "D" Mints through the Direct Ship for the 2009 Native American Dollars.
More toxic waste from the mint.I purchased and received the 2009 SAC rolls on direct ship. They weren't stained or spotted. However, they were heavily scratched and covered with sharp digs. I may have gotten only 10 keepers out of 250 and I don't think any of them will grade above MS65. Same goes for the 2009 Kennedy half dollar rolls I received - all junk and nothing worth keeping.
Hi, I was the first poster on the thread. To answer Jim L's question, no it does not appear that the coins are in the condition they are due to the production. But also, it does not appear to be any form of 'oxidizing' where there is any form of rust or anything like that. It appears that they are spots that you might associate with how the coins were stored before being put into the rolls.
I base this on the fact that almost every coin in the roll has the same spotting regardless of its position within the roll. So it is not as if only the outer coins are spotty but the rest are in good condition.
The best way to describe it is to liken the discoloration to some type of 'moldy condition' that affected all the coins --- but it certainly is not mold. Maybe water or some other substance that was splashed or the coins came in contact with while in storage.
I agree with the intent of the Mint's program to increase circulation of dollar coins.
I would like to know if others have some ideas of how to really spend a lot of dollar coins? I know it sounds odd - but try as I may to use them -- the real use I find is for parking meters and an occasional lotto ticket. It's hard to carry more than a few at a time and that could take a while to push $250 into circ. Beyond vending machines and such - where else are you using them? thanks.
Take a box to Wal*Mart and use them to buy a $250 gift card. If the rolls end up at the bank through Wal*Mart, that's too bad. You spent the coins and did not deposit them at the bank, so you did your part.
Carry a roll in your pocket and use the coins at fast food restaurants like McDonald's or Taco Bell. The kids who work there likely have never even seen any of the $1 coins, and their confusion over them is always good for a chuckle. 9 times out of 10 they will look confused for a few seconds, then ask the manager "do we take these?"
The best way I have found to spend them is to use them like I would dollar bills. If a purchase totals $6.49, I would pay with a five dollar bill and two dollar coins. A few per day are spent and it starts to feel natural.
They appear to have been stored in cloth bags in an un-air conditioned wharehouse for 9 years!
I'm concerned that unless the composition and finish has changed since 2001, this series will not preserve well over time. I know that utility and durability was the primary motivation for their production, but it'd be nice to know how to keep a few pristine forever. I'm buying air-tites. (and stock in the company!)
RSF
I find the best way to spend dollar coins is very, very slowly. I always carry about 5 in my pocket and burn them off on smaller purchases.
You might also try your local grocery store. If they have one of those new fangled self-checkout areas you can use a ton of them without pissing off a cashier. Sometimes I walk into the store with a pocket full of about 40 of them and leave almost empty.
Also, I'm not surprised about the quality of these coins. I imagine they finally sold them because they were taking up too much room in a janitor's closet somewhere.
i've always liked the black and yellow wrapper.
Take it too 7-11 and buy a money order you just pay 35cent to buy then deposit to it to your bank,hope will help
Re: how to spend dollar coins.
In addition to the other suggestions, I like to use them for tips. Most people I give them to as tips seem not to have seen them before. Most service people receiving them seem very appreciative of them and indicate that they may just keep some of them.
I have also given them to relatives and friends who seem curious enough about them that they start collecting the various presidential coins. There are several people who trade their paper dollars to me for the dollar coins. I think some new coin collectors have been created because of this.
I warned about these coins looking this way.Why some people don't listen is beyond me.How can anyone expect manganese to sit in rolls for that long and not have issues is just plain asking for disappointment.The mint is starting this year out with dumping on collectors.Shame on Mr Moy.Now if anyone says why does everyone pick on Mr Moy all the time.Well to you I say here is a prime example.
These coins should have been melted down.Instead Mr Moy and company chose to send this junk out and ruin what value the 2001 rolls ever had to begin with.What a complete joke our US Mint has become.I'm getting out of coins all together now.I'm done with trusting this jack a%% all the time.Something needs to be done to get rid of this jerk.
You guys sit here and make up ways to spend this crap.And it's no more different then the failed Susan B Anthony dollars.The mint thought that just because the SBA was like a quarter.It should be stopped because of out cry by the public and business establishments.The fact is the only reason most people even bothered to by any of these coins were for numismatic gain.
No one ever since the year 2000 ever really used them much at all.Why the people go on trusting in a failing system is just plain ignorant.They only thing that made the presidential dollars popular was errors and numismatic collectibility.Case and point.I used to buy the 2000 rolls just to see if I could find a mule.As soon as I opened a roll they all looked like crap.That's because they sat so long next to each other.
Manganese is not a stable medal when stored together like that in any environment.So go on and keep giving the mint their precious excuses for failure.I'm done with them.they are nothing but one big over priced junk dealer any more to me.Good luck to the rest of you nay sayers and I wish you luck in your avid admiration for such a ignorant director.
Oh and lets not forget Congress.They are the idiots who enacted this disaster.The same people we voted for to keep printing money and ruin the dollars value with no sense of what it would do by over spending.I'm done ranting now.and done with coins all together.I have my gold and silver and that's all I need.Because when the dollar fails.That will be the only thing that saves your butt.Not these junk dollar batting cage tokens that no one wants to have anything to do with.
I don't see China rushing to counterfeit these coins any time soon LOL.
From a design perspective, I'm not a fan of the Presidential dollars but I really like the Sacagawea coins. The obverse of the 2010 coin is pretty nice, and I still like the original design.
Hey--take your gold and silver to Food Lion and see if that is all you need. LOL--talk about confusion.
i agree with the 11:00 post. i like the orignal and current designs of the sac. dollar. get rid of the paper dollar already.i also really like the idea of using them for tips.
The Canadians went through the same thing with the loonie but in time the loonie and toonie are quite nice to use. I like using coin rather than a note and would like to see the u.s. do a $5,$10,$20 coin to save money on all that note printing. With the value of the dollar looking not so pretty, they might have to use tin from tin cans to make them up.
I know that the intrinsic value of cicrulating coins today bears no relationship to the "fiat" value attributed to them by the government (and common usage), but I am still appalled that the government now mints coins that are spotted/tarnished/corroded in ugly ways from the day they leave the mint. We have come a long way from the attractive meaningful and valuable coins that represented our currency in teh early days.
To Anon @3:59 am,
Food Lion! I can tell you're a southerner! We don't have them around here (Illinois).
I've always wondered what it would be like trying to spend gold or silver eagles someplace like that! It would be a hoot!
I think over 20 years of trying to make a dollar coin for circulation.And having no success says it all.The American people are not willing to run around with a bunch of ugly dollars weighing them down in their pockets.I agree with the statement that Moy needs to go after this big disappointment to many who ordered these junk dollars.
Dollar coins will never take off as long as dollar bills are freely available.
I would like to see all of these junk dollars in circulation just to get rid of that nasty, germ infested $1 FRN. A few of these in the pocket is not going to weigh anyone down. Now having said that, yes these are crap coins. The mint should have done without the milk of magnesia additive or just did a clad coin like the quarter. And a great disservice was done to Sacajawea and our presidents by putting them on these s#@& metal coins. At the very least the mint should have had a silver proof version of them.
Try sticking 50 of these coins in your pocket.Then try sticking 50 one dollar bills in your pocket.Walk around with 50 of these coins in your pocket LOL.Then you'll wish you had the nasty dollar bills in your pocket.Point made.Case closed.
To the 3:59 blogger.No one takes gold and silver to Food Lion unless they are the same idiots that buy these dollars.Gold and silver will rise in value.These dollars will only fall.So go buy them up and spend them at Food Lion.Because the minute you get them.They have already lost value.
9:44 please reread 8:26. A few coins in you pocket not fifty. I have rarely had more than 6 or 7 $1FRNs in my pocket. They go to fast. If you have fifty FRNs in your pocket you should put some in piggy bank. Case closed.
thank you 10:21 poster. if you have 50 1's in your pocket then stop breaking all your larger bills and spend a few of your 50 1's. everyone, open up your wallets and see how many 1's are in there now. and if you would somehow wind up with 50 dollar coins, roll them, take them to the bank, and trade them for a nice picture of mr.grant.
Dollar bill cost about 4 cents to print and they last about a year...
We do need a coin that would be acceptable for common use, but i don't see it being produced today.
Todays dollar coins are just too big
Common Cents
Here's an Ebay sell for both a P & D uncirculated nickel from bank rolls:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=110482024745
But I swear the picture is showing satin finish versions, not truly uncirculated ones.
This is my fear right now in terms of buying 2009 nickels and dimes online. Sellers claiming that they are business-strike versions... but just taking them out of the Uncirculated Mint set.
Right now, I think I'm not going to buy any 2009 D coins unless I can buy them by the roll. If its in a NF String bank roll, I'll feel more secure about exactly what I'm getting.
Anybody else have negative or positive stories about buying 2009 nickel and dimes online?
I put a lot of these into circulation, trouble is I don't think they continue to circulate.
In a month typical numbers spent are:
6 Work coffee fund
30 Parking
8 Tips
20 Safeway small trips
15 Dry Cleaner
50 Lunches
10 Post Office
Lasloo, I agree with you , they do look very much like satin finish coins ..
I think that a five dollar coin would have been much more intelligent and more practical for all parties involved. The half dollar coin should be dropped and its form factor should be applied to a $5 coin. Think about a $100 dollar twenty coin roll. If the US government wants to get away from bank notes - they will need to increase the denomination value of its coinage. This will make coins more practical and not so heavy in your pocket. ☺
What is this discussion about the heaviness of the $1 coins in your pocket. Are ya'all a bunch of candy asses. Good grief, the Kennedy half is almost twice the size and people used to carry pocket loads when they circulated. Carrying five of these $1 coins is not much more than 5 quarters.
Manganese (atomic element number 25) is a hard metal (a gray–white metal resembling iron) and is very brittle, fusible with some difficulty, but easily oxidized. The most common oxidation states of manganese are +2, +3, +4, +6 and +7. Oxidation states from -3 to +7 are observed. The most stable oxidation state for manganese is +2, which has a pink to red color. The Sacagawea dollar and the Presidential $1 Coins are made from a brass containing 7% manganese with a pure copper core. When brass is alloyed with manganese - it looks like gold. Manganese works well in hardening alloys and oxidation increases as the Manganese concentration increases in the alloy. The mint intended to produce a highly durable non-wearing brass coin that looked like Gold. Brass (an alloy of copper and zinc) is a very soft low friction alloy that resists tarnishing. I believe that the mint is still experimenting with this alloy. Also, in time, I believe that the proof versions may produce some rather uniquely colorful toning on their own and I would not recommend dipping these coins until someone comes up with the magic potion.
it's obvious that these dollars get much more attention for being junk then they do for being a nice coin to have.The fact of the matter is.No matter how our government makes a dollar.they are still worth far less then a dollar.And that dollar is just shrinking the more they produce them.They need to stop the printing press's and the coining and be more physically responsible.The fact is the dollar or dollars are headed for disaster and the people we elect are to blame.That makes everyone who voted for these crooks to blame as well.we have a much more serious problem then a ugly dollar coin.But I must say that the recent distribution of this junk is a great representation of the US mint today.Completely ugly without a care for those who believed.
When the H in H2O (1 free electron) combines with Manganese (7 free electrons); it naturally wants to form a perfect octet (8 electrons conjoined in perfect stability). Oxidation and Reduction naturally occur during this reaction. Moisture will cause the coins to oxidize significantly. Ambient moisture in the air and the aquious rise processes at the mint may have plagued the early releases of these coins. These coins (2001 SACs)should have been QA rejected from the process and destroyed as aesthetic defects. My personal conviction, after these coins circulate for a couple years - they will look horrible.
I think the 1$ toilet over flowwed at the mint and the collectors tried picking up the tirds in hopes of finding gold. Direct ship is not intended for the collector. These are not collector grade coins. Don't buy these rolls with the intent of finding any gems. You will just end up with a bunch of crap on your hands.
Okay...the gentleman (or gentlewoman) has given us a very good post on the chemistry of the metals used in the dollar coins. The question is, why doesn't the US Mint employ at least one person who understands chemistry. Surely our government is not that incompetent...or is it?
This could hurt the premium value and confidence of all mint wrapped rolls. 2001 + Yellow and Black = crap.
This is a big problem in U.S. government. The government is not technically savy enough to address the technical problems and challanges that it faces. The sharpest tools are not in the governments shed. But back to the mint. The mint is a cash cow for the government and little accountability is required to keep the mint in business. I'm sure that oxidation was a concern during the design phase of the gold dollars and someone in charge said "Lets just make them and see how they oxidize in circulation." Enviornmental accelerator chambers could have easily been used to determine and characterize the oxidation outcome for this alloy. However, the photos on this post indicate gross contamination or water damage.
Gee wiz, I honest to God dislike making a bash at the MINT, but as I have said numerous times, the MINT appears to simply NOT care at all at what they are charged with doing by putting out absolute GARBAGE. Worse, no one seems to be overlooking the obvious disaster festering or care. The MINT has morphed into a pathetic agency and more than shot themselves in the foot, they have embarassed the U.S.A. That's my personal opinion and I'll stand by it. It's operated by imbecillic (mis)management. Geez, I hate to see this.
Salt is in our finger oils. The sodium(Na)in salt loves Manganese and forms a perfect octet bond in the form of an oxidation reduction reaction.
I don't mean to go off topic here.But this has really boiled my blood.There are two sellers on ebay attempting to sell and being successful at completely ripping people off with the 2009 D nickels.They are using a satin finish D with a P to sell both as Business strike.This seller is so stupid that they actually put a P next to a D clearly showing the difference between a satin finish and a Business strike.Please don't fall for this scam.The listing is below.
http://cgi.ebay.com/2009-P-D-JEFFERSON-NICKEL-from-bank-roll-UNC-2-coins_W0QQitemZ110481861712QQcmdZViewItemQQptZCoins_US_Individual?hash=item19b93b6c50
Here is the other punk rip off artist.
http://cgi.ebay.com/2009-P-D-JEFFERSON-NICKELS-UNC-from-bank-roll-2-coins_W0QQitemZ260538590611QQcmdZViewItemQQptZCoins_US_Individual?hash=item3ca94f6593
Everyone seems to blame the Government for lacking this or that but they keep voting republican that favor less government.. so remember that next the time you vote. Currently the dems have bigger problems to deal with other then coins. Hopefully when the economy gets back on track they will spend more time on making better coins. Most Gov offices have reduced the number of employees because current budgets can't afford anything more. Congress however needs a serious cleansing. Nothing but money hungry crooks.
Geez, imagine the "poor" government employees having to face layoffs and downsizing like the rest of the "peons" in the private sector. Gosh, who works for whom?? How is it ANYONE believes that government solves problems effeciently or at all?? The Mint is just the tip of the iceberg of beaurocratic dysfunction.
Unfortunately, there is no shortage of gov't employees. Gov't employment is the largest growing sector. Everyone including your congressmen are getting huge pay raises. Military is the only sector of gov't with no growth and very low pay raises. Fyi: military is the part of the gov't that is there to protect the USA. The mint is still part of the gov't. Both parties are responsible but the one in power now is growing it the most.
Has anyone informed Ebay of this 2009 D scam? I heartily agree, the picture looks like a satin finish D coin.
I'm sure some people could care less whether they have a satin finish nickel or not. For many, one is just shinier than the other, and they prefer the shinier one.
However, for people like me, who collect modern coins (and interested in the grading of said coins), trying to pass off satin finish as a bank-roll business strike coin is a BIG rip-off.
Man, is this my second negative post in the last week on here. Usually I'm more positive than this. ugh. This ebay ad does irk me though. :-)
FYI,
I directly contacted two of the most recent Ebay links posted. These are the guys trying to sell satin finish 2009 D nickels as business-strike bank roll 2009 D nickels. Since doing this, the latter seller has thankfully removed his auction from the site. The former is still putting up a fight.
In fact, he/she told me they called the Mint to verify that they distributed 2009 D nickel coins in April to the Federal Reserve. LOL. For most of us on here, this is common knowledge. Not to mention, 1) the Federal Reserve vaults lots of coins for years in some cases, so it doesn't mean that it has made it to the bank. 2) What in the heck does that have to do with whether he/she got it from a bank roll or popped it out of an Uncirculated Mint Set?
Sounds like a guilty conscience on that one. Not sure why he/she thought it necessary to call the Mint to verify if the 2009 D nickel was from a bank roll or not?
In any case, I'm giving him/her another day before forwarding on to the division in Ebay that polices fraud and such on their site.
If anyone else gets the chance, please contact the seller as well. Either they show the top of a 2009 D roll in their ad, or they take the ad down. IMHO.
The Ebay link for the auction is here:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=110481861712
It appears they ended the auction finally.
What about this auction for a bank roll 2009-P nickel. Legit?? The pic looks legit.
item 280389006158
Sorry for the stupid question of the day, but...
How can you tell the difference between a business trike and a satin finish? Especially if the coin is straight out of a roll and has that great mint luster we all know and love...
T
T,
It's not a stupid question. Believe me, if you look at the two coins side by side, you WILL be able to tell the difference.
The "satin finish" coins do not come in rolls, but only out of Mint sets. Their finishes look frosty and sparkly, unlike the "business strike" coins from bank rolls.
The only favor the sellers who are cutting up Mint sets for singles are doing us is to serve to make the existing intact sets more valuable. I wish there was a way to know how many have been mutilated so far.
As an example, I'm pretty confident that auction 170432618783 is a business-strike from-a-bank-roll 2009 P nickel.
The picture provided for 280389006158 is a satin finish 2009 P nickel from an Uncirculated Mint Set.
As you can see, the satin finish nickel is less dinged, but has a dull shine. While the bank roll nickel, while some dings, has a nice bright shine to it.
Thanks for the info. Yet both auctions are claiming to be from a bank roll
T
Simply put, ONE of them is lying!
Lasloo, I respect your opinion, but I'm still not convinced that auction 280389006158 is actually Satin instead of unc from a roll.
The reason I say that is because be has sold 92 2009-P nickels and has 136 still available. That's 228 mint sets he would of had to break up. AND, equally important is if someone broke up that many Mint sets, they would be selling all the other coins from the sets. I checked his auctions and there aren't any for other 2009 coins except in slabs.
lasloo clearly don't know what he's talking about. just ignore him.
"To the 3:59 blogger.No one takes gold and silver to Food Lion unless they are the same idiots that buy these dollars.Gold and silver will rise in value.These dollars will only fall.So go buy them up and spend them at Food Lion.Because the minute you get them.They have already lost value."
Who tells you what your gold is worth? Same bankstas that control the fiat. They can mark gold down--check 1981 to 1999 for instance. Good luck!
It is quite possible that 280389006158 is actually selling business-strike 2009 P nickels.
But, the exemplar picture he has on the auction is a satin finish nickel.
Since he's using only one auction to sell multiple instances of the same item, he may have decided to put that picture up because he thinks that picture looks nicer than others he had.
Thats fine. Nothing incredibly wrong with that. Though, slightly misleading. But probably only misleading to the small niche of collectors that care about the difference.
But its still worth a question to the buyer to make sure that what you truly are getting back is an uncirculated business-strike nickel.
I'm sure I'm not the only one on this blog who sees that picture and immediately sees a satin finish.
I don't claim to be an expert. I can and have been wrong. But in the last day, I just had two auctions pulled down by the auction owners themselves because I confronted them with the fact that I believed they were using a satin finish nickel in their auction's pictures (and not one from a bank roll as they were claiming). So, I don't think I'm entirely crazy or out of place to remark that I truly believe that the picture in the 280389006158 auction is a picture of a satin finish nickel... and not one from a bank roll.
I don't think anyone ANYWHERE has any of the 2009 D business strike nickels or dimes. P, yes. D, no.
Michael I know you may not be able to find out.But this is worth a try.Is there any way to find out if the fed is still holding all the 2009 D nickles and dimes.This sure would help clear up the amount of rip off artists I've seen on ebay.There is even a NGC 2009 D nickel that I think was just simply mis-labeled and the seller is taking advantage of their screw up.Because the coin in that NGC slab looks just like a satin finish also.I just was wondering if there is any way to find this out.Thanks
per the NGC slabs of 2009 D nickels. I've been watching these two as well. The pictures are smallish and the light they put on the picture is blaring washing away the image a bit.
I'm less inclined to question NGC or PCGS in getting it wrong. This IS what they do. This IS their business. If the slabs were found later to be satin finish (and thus no-one took a minute to take a 5x loupe to look at the nickel), it would be terrible for NGC.
I haven't checked NGC's site. But 1) you should be able to verify the certification code and 2) get a better picture that you can blow up for detail.
Of course, the point of my posts is more to be careful what you buy online. With a real-life coin dealer, you can hold the actual coin in your hand, and take a loupe and analyze it. With online purchases, all you have is your knowledge of the coin and one or more possibly crummy pictures of the coin. In this specific case, we know 2009 nickels and dimes (especially D mints) are rare, and thus it is legit to analyze and further question the ads selling these coins. I like buying and selling online... but there are dangers.
But to the idea that NGC got it wrong. All I do know is that I have a registry on PCGS's site with slabbed 2009 coins. And a couple of days ago when I used their What-If tools. With these tools one can verify that PCGS has yet to slab any 2009 D nickels and dimes (with one exception which I'm looking into). The poster for the NGC slabs on Ebay claims an NGC population of 6. So, why did all the D nickel slabbers go to NGC rather than PCGS? Definitely interesting thought.
Oh, let me add that anyone claiming to have a bank roll D mint nickel or dime SHOULD theoretically be able to also take a picture of the roll(s) themselves as proof. At the very least, there has to be a reliable back story of how they got the coins. In the two Ebay auctions that I questioned, neither provided ANY information on how they got these D nickels. They got defensive immediately. And within hours, took their auctions down. And the very least, they could have had referenced a local dealer that verified the status of the coin.
lasloo at January 17, 2010 4:49 PM writes:
I can and have been wrong.
I'm confident that Lasloo is correct about those auctions. The "D" coins are NOT business strikes.
As for screw-ups by NGC, there is an auction for a gold buffalo with a label claiming it is a gold eagle. Mistakes happen. Might be a whole new thing to collect...
Look at platinum rise Michael. I got mine, you got yours. To the victor goes the spoils.
One of the 8000.
Wow. Impressive NGC error!!
For those looking for it, its now over, but you can find it with Ebay ID: 160392816250.
How does NGC implement its grading? Do they have more than one person look at a coin and verify the label. From what I've read about PCGS, they have multiple people go over the coin both pre-slab and post-slab to ensure correctness.
Someone at NGC should be tarred and feathered for this one. :-)
Maybe NGC did get both this and the 2009 D business-strike nickel wrong? Like I said before its weird that NGC claims to have graded 6 2009 business strike D nickels and PCGS doesn't have a reference to even one.
I thought that the new 2010 Shield penny wasn't coming out until February. Check out this EBay auction
http://cgi.ebay.com/2010-P-NEW-1-BANK-ROLLS-UNOPENED-LINCOLN-CENT-BU_W0QQitemZ220542359643QQcmdZViewItemQQptZCoins_US_Individual?hash=item335959585b
Jim L.
As to your response denouncing NGC Lasloo.To be fair.In my 42 years of collecting.I have seen many PCGS slabs mislabeled as well.This is a result of high volume grading by bulk grading submissions.It happens in all four top grading companies and no one is better then the other for this mounting problem caused by bulk submissions.Just another reason yo do your omework and know what you buying with any TPG company.
Anonymous 8:57AM, thanks for your comments. I completely agree. I think one of the coin buying mottos I've heard in the past was something like 'Always know more about the coin you are about to buy than the dealer.' :-)
So, as to the recently found 2010 pennies posted online? Who thinks its the real deal? It does seem like Puerto Rico gets a lot of the new coins before anyone else does. So, I guess it's possible. But do we know if the status of the Mint's production on the 2010 cents? If it is the real deal, I was hoping the stripes on the shield were raised more.
Hmmm... might be worth $10 to find out.
As for the grading error mentioned above. Should the buyer send that in to PCGS or ANACS to certify the grading error? What a hoot. Those graders must be the butt of a lot of jokes by now. Seems to me like the buyer got a bargain. Maybe the orginal grader was the one who bought it. If not I'll bet they may be negotiating to get it back. Another lesser known grading service could also make whoopee out of it. I see a lot of marketing potential.
Lasloo: I have previously purchased some '09 P Nickels (MS) bank rolls from the same vendor which were the real deal and together with that the photo looks real, not a graphic. I decided to order a roll which I should get by next week. If all works out this should be some nice early strike material.
Jim L.
I ordered 1 box and only a few of the coins out of the couple of opened rolls were spotty, the rest were practically flawless!
Nickel (28), Palladium (46), and Platinum (78) are the ultimate coin materials.
January 18, 2010 8:51 AM Post Follow-Up.
Received my 2010P roll of cents today. These are the real deal.
The reverse shield is a big disappointment however. The shield is a very simple and uncomplicated design, rather boring in fact.
Not much depth, but then this is MS, the proofs will be nicer and I hope some get issued in the full copper.
Jim L.
Michael;
I just sent you the scan. The scan is of roll ends. I plan to get the roll postmarked today.
Jim L.
Here's a question for anyone who ordered these 2001 Sacagawea rolls: has anyone else been finding 2000 coins mixed in with these? I opened up a roll yesterday and like 7 or 8 of the coins were 2000 (and in better condition than the 2001 coins). Is this a common mistake with mint rolls?
I'm one of those who still advocates dropping the $1 note altogether in favor of the $1 coin and issuing a redesigned $2 note that matches the current series of currency as the smallest circulating paper denomination. The public would still have a small paper note option and over time the $1 coin would likely circulate in the absence of a $1 paper note.
I just received a box of 2001 D Sacajawea dollars from the mint. Ten $25 rolls in yellow and black roll paper. None of them are "golden" as I expected. They are all "silver" and appear to be in very good shape. I plan to put them into circulation but wonder why they are "silver" colored.
I recently received a $250 box of 2001 Sacagawea coins and of the 5 rolls that I've opened, almost all of them are BU with no discoloration or spots. Some had a few light scratches but many looked to be in gem condition.
The only discolored coins were the end coins on 2 of the rolls, but all the coins inside the rolls looked beautiful. From all the other posts, I guess I just got lucky.
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