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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.

1999 GOLD 1 10 EAGLE 5 PCGS MINT STATE 69 WTC GROUND ZERO RECOVERY
1999 GOLD 1 10 EAGLE 5 PCGS MINT STATE 69 WTC GROUND ZERO RECOVERY
$375.00
Time Remaining: 3h 41m
Buy It Now for only: $375.00
Buy It Now
1999 GOLD EAGLE 1 oz WTC GROUND ZERO RECOVERY PCGS MS69
1999 GOLD EAGLE 1 oz WTC GROUND ZERO RECOVERY PCGS MS69
$1,875.00
Time Remaining: 8h 55m

Bid now

WTC Ground Zero Recovery 5000 Gold Maple Leaf  1 Silver Eagle Set
WTC Ground Zero Recovery 5000 Gold Maple Leaf 1 Silver Eagle Set
$1,899.99
Time Remaining: 1d 4h 54m

Bid now

1993 50 Gold Eagle PCGS 9 11 01 WTC Ground Zero Recovery Gem Uncirculated
1993 50 Gold Eagle PCGS 9 11 01 WTC Ground Zero Recovery Gem Uncirculated
$1,899.99
Time Remaining: 1d 8h 17m

Bid now

2001 10 1 of 531 Gold Eagle PCGS WTC World Trade Center 911 recovery
2001 10 1 of 531 Gold Eagle PCGS WTC World Trade Center 911 recovery
$899.11
Time Remaining: 4d 47m
Buy It Now for only: $899.11
Buy It Now
1998 5 1 10oz American Gold Eagle PCGS MS69 9 11 01 WTC Ground Zero Recovery
1998 5 1 10oz American Gold Eagle PCGS MS69 9 11 01 WTC Ground Zero Recovery
$299.99
Time Remaining: 4d 5h 3m
Buy It Now for only: $299.99
Buy It Now
2001 5 Gold Eagle 9 11 WTC Ground Zero Recovery PCGS GEM UNC Lot GD SE
2001 5 Gold Eagle 9 11 WTC Ground Zero Recovery PCGS GEM UNC Lot GD SE
$409.99
Time Remaining: 5d 2h 53m
Buy It Now for only: $409.99
Buy It Now
2001 10 Gold Eagle 9 11 WTC Ground Zero Recovery PCGS GEM UNC Lot GD AO
2001 10 Gold Eagle 9 11 WTC Ground Zero Recovery PCGS GEM UNC Lot GD AO
$849.99
Time Remaining: 5d 2h 53m
Buy It Now for only: $849.99
Buy It Now
2001 1 of 1440 911 AMERICAN SILVER EAGLE WTC GROUND ZERO RECOVERY  PCGS GEM
2001 1 of 1440 911 AMERICAN SILVER EAGLE WTC GROUND ZERO RECOVERY PCGS GEM
$549.95
Time Remaining: 5d 3h 9m
Buy It Now for only: $549.95
Buy It Now
1998 MS70 World Trade Center WTC Gold Eagle ICG Graded
1998 MS70 World Trade Center WTC Gold Eagle ICG Graded
$850.95
Time Remaining: 6d 7h 17m
Buy It Now for only: $850.95
Buy It Now



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Comments on “WTC Coins Buyers Look Out.”

thseeker said:

This post says “…However, the lack of a serial number (as seen on the back of the genuine slabs from Coin Universe/PCGS)is cause for concern.”
Is this accurate for coins slabbed as Collectors Universe? None of the ones on Ebay have a serial number. Also the quote above says “Coin Universe” not “Collectors Universe” is that just an error?

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