Posts Tagged ‘slabs’

1

WTC Coins Buyers Look Out.

This comment came in from Maelstrom and it has a lot of valid points about the PCGS error coins. Please read and be on the look out. Just as a side note the 1 of 1000 wtc coin series consist of  a 1999 $5 gold eagle MS69 and a 2001 $1 silver Eagle MS69.

By Mr. Maelstrom

Your point about someone perhaps resubmitting a “1 of 1000″ to PCGS for MS grading is a valid one. It could be that the coin failed to go MS68 or 69 and was reholdered by PCGS.

wtc 1 of 1000

wtc 1 of 1000

However, the lack of a serial number (as seen on the back of the genuine slabs from Coin Universe/PCGS)is cause for concern. One would think that PCGS would reference the original serial number on the reholdered coin, or at least provide a number or method by which you could authenticate the coin as being a genuine WTC recovery piece. Lacking that, I cannot fully embrace the concept that these are simply “error slabs” by PCGS.

It is just as likely that these are ordinary BU 2001 $1 Silver Eagles($12-$15 currently) housed in fake (Chinese) slabs. I, personally, would NOT acquire any of the “1 of 1000″ issues with the printing to the RIGHT of the word “Recovery” without a physical inspection of the holder first. To my knowledge, PCGS placed the “1 of XXX or XXXX” designations at the lower LEFT of the grading insert on ALL of the genuine limited set coins.

These seem to be showing up on ebay lately. As an example, there is one of these “errors” simply listed as a “1 of 1000″ for sale on ebay as I write this . The slab pictured is blurry and only shows the front. When I asked the seller to provide clearer pictures of the front and back of the slab, along with any serial number, his reply was that “The picture is the actual coin. I don’t see a serial number, just a designation of 1 of 1000. The back of the holder has the PCGS logo.” In other words, the blurry picture is what it is. I’m not saying that he is selling a fake coin, but I am saying that he/she won’t help me make that determination. Hopefully, the seller doesn’t even know the difference. But, BUYER BEWARE!!!

Without some official confirmation from PCGS that these “error” inserts are genuine, and/or an opportunity to physically examine the holder (look for the four ejector pin circles faintly visible at each corner of the bottom section of the holder…fakes lack them…for now), I, personally, will avoid these until they can be proven genuine.

2001 MS69 5 Gold Eagle PCGS WTC World Trade Center 911 recovery
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50 1998 AMERICAN GOLD EAGLE WTC 911 GROUND ZERO RECOVERY PCGS UNC
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1986 50 1 oz Gold Eagle WTC GROUND ZERO Recovery PCGS MS69
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2001 WTC Gold  Silver Eagle Complete 3 coin Set 1 of 1000 World Trade Center
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1999 911 PCGS MS69 WTC Ground Zero Recovery 1 10 oz 5 Gold Eagle
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2001 50 25 10 5 1 Gold Eagle Bar Code Set PCGS WTC World Trade Center
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2001 Gold  Silver Eagle 1 of 269 Complete Set PCGS WTC World Trade Center 911
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PCGS 2001 Gold Silver Eagle 1 of 531 WTC 9 11 Ground Zero Recovery Complete Set
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3

PCGS Error On Slabs from WTC

So I think I have talked about the error's that PCGS made on some of the slabs that has the WTC coins in them, just got another examplet that comes from Bobby he has two coins both in the 1 of 1ooo series. As you can see on these pages the 1 of 1000 series should be a 1 oz silver coin MS69 from 2001 and a 1999 1/4 gold eagle also MS69. Well Bobby is sending me a picture of 2 coins both WTC 2001 1 oz silver coin but have a look at the flag insert on the coins.

wtc 1 of 1000

Both coins have the 1 of 1000 on them but one is MS69 the other is Gem Uncirculated. I wonder if more coins like this is out there. As always please send me pictures of coins that are special in some way or not posted on these pages as I want all the WTC coins to be up here at some point. I am not sure what to think about this coin, as with other coins we have seen from the WTC coin collection it did look like PCGS was ina bit of a rush when grading the coins. As Bobby points out the coin graded Gem Uncirculated is from Collectors Universe as can be seen on the back of the coin and we know that Collectors Universe parent company to PCGS did all the early grading and only certifed coins as have come from the WTC vault but never grade anything with MS eventhough some of the Gem coins they certified looks good enough to be MS material. So that could be a possible explaination that this coin was a coin that got graded right before PCGS took over. Another possible senario could be that some coins graded in the 1 of 1000 series was all graded at first by collectors universe and was later send back for MS grading at PCGS this one for some reason did not make it back. This could be confirm if all other coins in the series all where grade by PCGS ( look at the back)

Many other possible reasons but that is what I could come  up with from what I know about the coins.

Here is the back image of the two coins.

wtc-back

1991 PCGS Gem Uncirc 9 11 01 WTC Ground Zero Recovery Silver Eagle
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1991 One Dollar Silver Eagle Gem Uncirculated WTC Ground Zero Recovery PCGS
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NEW World Trade Center 9 11 WTC American Eagle T Shirt MEDIUM US USA Tee
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1991 American Silver Eagle PCGS WTC Ground Zero Recovery
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