Thanks for your reply Susan. I understand what you're saying about
bending the rules for the extra special customers. I just couldn't wrap
my mind around how that coin could occur if the rules are the same for
everybody. The full box submission with errors requested seemed like
such a long shot to occur.
--- In firstname.lastname@example.org
, "Susan Headley"
> If someone submitted an entire sealed box of Adams Dollars to the
grading service, (which is often done by bulk submitters for
designations such as "First Strikes,") and they were lucky enough to
have a blank planchet turn up in that box, I believe both PCGS and NGC
would certify it as an Adams.
> This does raise some ethical questions though. First of all, these
services usually do not apply error and variety designations unless you
(pay extra and) ask for them. I find it hard to believe that a bulk
submitter would pay the extra few dollars for each coin in a box of
1,000 just in case an error turned up! Therefore, the coin was probably
certified outside the standard operation parameters that mortal folks
must face when dealing with these companies. In a fair world, the
planchet should have been rejected and returned, and then upon
resubmittal nobody could be sure which president it was. However, PCGS
and NGC often bend the rules for their bulk submitters.
> Secondly, there are legitimate questions which can be raised with any
situation where the veracity and truth of a coin's grade and status is
not readily apparent to any viewer regardless of what the holder says.
In other words, the coins should stand on their own merit and not be
valued based on what a paper insert tag inside a grading service holder
> I think people put way too much emphasis on this plastic and paper,
and not enough on the coins themselves these days.
> Susan Headley
> About.com Guide to Coins
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> ----- Original Message -----
> From: reich_coins
> To: email@example.com
> Sent: Thursday, April 03, 2008 10:51 AM
> Subject: [Error Coin Information Exchange] adams blank planchet with
edge lettering in PCGS holder
> I was informed recently of a blank planchet Adams dollar with edge
> lettering. I was told that it is in a PCGS holder. I was under the
> impression that the president intended for a blank planchet could not
> ascertained unless the edge lettering indicated the date. Thus 2007
> blanks with edge lettering couldn't have a presidential designation
> unless found before the release of the 2nd coin for the year and in
> case would be designated as Washington since that would be the only $1
> coin released up until that time. The same holds true for 2008. Only
> blank planchets with edge lettering indicating up until the release of
> the 2nd presidential coin for the year could be designated as any
> specific president. In this case that designation would be a monroe
> planchet. This seems to make sense to me, but as I stated I have been
> told that there is a blank planchet with edge lettering ADAMS dollar
> designated as JOHN ADAM on its PCGS holder. How is that possible?