VARIETY or ERROR? Wounded Eagle Sac...

[Bubblehead]

 

Yesterday, bored, I moved junk around the room.  I thought of spring
cleaning, but...

In my junk, and I do not recall z'ackly where, or how it came to me, I found a

"Morgan Mint" plastic holder proclaiming the last and first dollars of the

20th & 21st centuries. The holder is similar to older US Mint proof sets.

There is a 1999 SBA in the top right and a 2000-P SAC in the lower left.

I looked at the SAC, hoping for a lost Cheerio's dollar, and noticed the arrow

thru the eagle's breast!  Hmmmm?  This has to be a small treasure, no?

The SAC looks min MS65..  Of course, what did David say about a coin's

ownership?  Ownership adds a point!  Maybe MS66...  I have 20 others,

in PCGS MS66 plastic, that I stole from Mitch years ago at his cost...  This

wounded guy looks every bit as nice... Should I leave it in the orig case?

Or crack her out, and for $65.00+ submit to PCGS for certification?

The SBA is one of those coins that looks great on the Rev, but has a beat up

Obv!  Maybe MS64 on a sorta good day....

Idea's anyone?

   

[19Lyds]

I'd submit it in a heartbeat!

[Bubblehead]

I'd submit it in a heartbeat!

I nearly crapped my britches earlier today.  Someone has an eBay listing for
an MS67, asking $15,000.00 for it....    WOW...

It is packaged and ready to go, via registered, tomorrow morning..   I did
registered 'cause I know Mr' Murphy hates me to have any luck....  Also,
I can insure it for 4K, lots cheaper than Priority Mail ins rates.... 

I dialed in the "regular" $30 a pop service.... I was gonna do Secure +, and
decided not to, and I can always send it down again, right?

So, I will light some incense, burn some joss, and feed budda tomorrow after I
return from the P.O., and we shall see what happens in what? 15 days?   YEAH!!!

[Bubblehead]

 

Well, I'll admit, I have been checking my grades since yesterday, about
every hour....

I just 5 mins ago, checked again, and here are the grades from the SBA and
Wounded Eagle SAC that I earlier submitted:

Order #20408619 / Submission #4150445
Line # Item # Cert # PCGS No. CoinDate Denomination Variety Country Grade
1 1 16162696 9581  1999-P SBA$1   US MS66  
2 1 16162697 147883  2000-P SAC$1   US MS67   Total Items: 2
Date Received: 6/4/2010
Date Shipped: N/A
Order Status: OK

Oh, and TEN business days, as well.  THANKS, PCGS!

The MS67 listed on eBay last week, @ 15K, did not sell.  I will list my coin next week @10K, unless I hear something
from the members of this forum.  I was very surprised to note that PCGS places a value of 12K on the coin.
 

[CarlWohlforth]

Wow! Congratulations on a great find and submission!

[Bubblehead]

 

Thanks Carl!

I will say this, Mama is a tad more excited than I am.  She picked out the Linc, couple
years back (from a mint set) that we eventually sold for $700, and now this gal..  She
spotted the "arrow" before I did....  'Course, now we need to find someone who wants
it, and....and, has deep pockets!   

[Swampboy]

Way to go!

Good eye Mama!

[Bubblehead]

 

I may be old fashioned... Well, may....heck,    I am!  But, I consider a "Die Gouge" an
error!   There are others who feel my "Wounded Eagle" coin is a "variety" and this
is leading to much consternation, and gnashing of teeth, in some quarters...

I do not have the Fivaz and Stanton book.  My coin was assigned the FS-901 number;
and what does that say about it?  Anyone?   

Is this a situation whereby someone has called a tomato, a tomato, and someone else
has called it a tahmahto?   Who's on first?

An off-center coin, a broadstruck* coin, a capped coin, all these I will agree, are errors.
I also agree that the speared bison nickel, the pissin' minuteman quarter, and my wounded
bird, all mint error coins, due to messed up dies!!!!   They were not intended to become what
they are, therefore??  they are NOT varieties! 

Can anyone please expound on my particular situation so that I may carry the battle on?? 
Or, so that I may retire to the dark end of my closet, giving up the fight....   

 

[CarlWohlforth]

Good one!

I'm with you. But perhaps some think errors are varieties, while not all varieties are errors?

Wikipedia says a variety is "Coin's design that sets it apart from the normal issue." so that would preclude errors. But don't quote Wikipedia to anybody you are talking with! They may go and edit (change) Wikipedia to better suit their side of the discussion.

[Bubblehead]

 

Well, jeez.... Referring to the descriptive "word salad," that PCGS has appended
to their Sacagawea Complete Variety Set, I quote this last writing:

The rare 2000-P "Cheerios" variety is included in this set as well as FS-901, 2000-P with reverse die gouge.

Thus the addition of a "Wounded Eagle" to this set.  The set, as noted above, again relates to a complete variety set.

And yet, they themselves, describe the coin's significance as having a reverse die gouge!  Did the designer sit down
with the master die one afternoon, knock it against his Case folding pocket knife, and proclaim the gouge, piercing the eagle's
breast, a new discovery... Perhaps because the series was losing popularity?  

This whole thing of requiring (4) additional Sacagawea dollars, from a single year, to complete this registry set is somehow telling?  
Telling what?  Someone please chime in, and add discussion...

Ya know, to my mind at any rate, two of the so-called "varieties," the Goodwrench, and the Denver Millennium, cannot
be identified in any manor, or by any means, once outside of their original wrappings; one, supplied by the mint as part of
the two coin set, or the other, once removed from an ICG slab....

At least the Cheerio's dollar exhibits finer, and more detailed tail feathers, and my Wounded Eagle is also
readily identified by the "arrow" in the eagle's breast!

Oh...  The two coins arrived today.  For some reason, (Ka-ching?) the SAC looks to be in nicer condition than when
I sent it down... The SBA, however, hasn't changed...  

     

This morning I began negotiations with one of the larger auction houses, Heritage, for their listing
my stuck bird in the upcoming Boston (ANA) show and auction venue.  We shall see if my coin
proves as good a find as others think.  Well, me too.    

[19Lyds]

Good Luck on your impending sale!

As for the Variety/Error Line?

PCGS has done an excellent job of smearing that line by including "error" coins in "Complete Variety Sets". Specifically, the Presidential Dollars, Sacagawea Dollars and Jefferson Nickels.

[Bubblehead]

Good Luck on your impending sale!

As for the Variety/Error Line?

PCGS has done an excellent job of smearing that line by including "error" coins in "Complete Variety Sets". Specifically, the Presidential Dollars, Sacagawea Dollars and Jefferson Nickels.

Thanks for your wishes...  I just took a short tour of variety sets. It's amazing to me, how the registry set
model has morphed, as regards so-called varieties!  Looking at the Jeff sets, and after shaking my head, I went to the new Silver
Proof complete variety State Quarter Set..... My, my...Another fine example of error/variety melding....   The variety
necessary to complete this set?  Hah...  A silver proof MN SQ described as DDR-010.  That's cool.  But-Don't waste your
time looking for one...  The current population is (2)..Yes..TWO...  One of 'em is a PR68DC, and the other, PR69DC. 
And I wanted, what some called, an exorbitant sum for my arrowed eagle?  Imagine what the single 69 will sell for...??