Coin error after grading 1954S 1C MS66RD PCGS
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18 posts in this topic

Hi

 

Thanks in advance for help and comments.

I had PCGS grade this penny and I assumed the attribute grading service would have included the error condition for the coin.  My bad.

481939869_20210617_1144431.thumb.jpg.66a87db82bf06011d8ffaf46c615ac8c.jpgThis is nicely graded coin and the BIE error should add value, although I can't get a handle on how much it ill add.

Can anyone educate me so I can get a better value?  Tell me the value and how to check?  Anything?

 

Kevin

 

 

 

20210617_114237[1].jpg

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3 minutes ago, Jason Abshier said:

The BIE is a variety I think grading companies don’t bother listing it on slab cause it’s common variety on Lincoln wheat cent through the years 

I see.  

Do you know how or where I can find values for these?

 

I see them on the web and they saeem to be abler to significantly affect pricing.

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Not a US penny specialist, but most third party graders expect you to list the variety you have and PAY for their documenting the variety. Check PCGS and NGC pricing list for attribution services.

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11 minutes ago, Mactanboy said:

Not a US penny specialist, but most third party graders expect you to list the variety you have and PAY for their documenting the variety. Check PCGS and NGC pricing list for attribution services.

I did pay for it

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2 minutes ago, Kevine84 said:

I did pay for it

But the real question is value?

 

How do you determine that with the Grade the BIE is obvious enough to anyone

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BIE die breaks were popular 60 years ago, but largely forgotten today. Too many of them and little interest. TPGs charge a separate fee for variety attribution, but Not sure if BIEs are included any longer. In any event you have, at best, a $2 coin in a $35 holder. (The gash behind the bust removes any realistic "MS-66" grade. Value is MS-64 at best....just an opinion.)

The coin also changed from 1954-S to 1955-S so that's quite an "error." :)

Edited by RWB
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10 minutes ago, Kevine84 said:

But the real question is value?

 

How do you determine that with the Grade the BIE is obvious enough to anyone

While interesting it boils down to a die break, and doesn’t add much value if any. Interestingly there are over 1500 known “bie” errors on cents mostly occurring in the 1950s. Cool to look at but not value additive. Certainly not worth error attribution fees. 

Edited by Woods020
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26 minutes ago, Woods020 said:

While interesting it boils down to a die break, and doesn’t add much value if any. Interestingly there are over 1500 known “bie” errors on cents mostly occurring in the 1950s. Cool to look at but not value additive. Certainly not worth error attribution fees. 

Yes, but I did not know that just starting.  Its one thing to find that this is not a value add - but when the base grading is even torn down to nothing too its really sad. Not sure what you can rely on.  Pay extra, you're stupid.  Trust a slab grade you're an insufficiently_thoughtful_person.  Makes we wanna fire up the smelter somedays.

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5 minutes ago, Kevine84 said:

Yes, but I did not know that just starting.  Its one thing to find that this is not a value add - but when the base grading is even torn down to nothing too its really sad. Not sure what you can rely on.  Pay extra, you're stupid.  Trust a slab grade you're an insufficiently_thoughtful_person.  Makes we wanna fire up the smelter somedays.

Don’t be discouraged. The best advice I can give is to study before you buy. And be in no hurry to submit for grading. Coins aren’t going anywhere. Learn as much as you can then buy. 
 

Grading is largely subjective by the way. Many people will have slightly different opinions within one or two grades. It’s just par for the course. 3 graders at PCGS felt it was a 66. Others think a 64. It happens don’t be bothered by it. 

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Also if you have questions such as is this worth grading, does this have a variety, etc. feel free to post pictures on here and ask before you spend any money. Some very knowledgeable members here are always happy to help. 

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  • Member: Seasoned Veteran

BIE breaks are too common on cents from the 1950s to be noted by NGC. They're fun but add very little value.

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3 hours ago, Kevine84 said:

I see.  

Do you know how or where I can find values for these?

 

I see them on the web and they saeem to be abler to significantly affect pricing.

I believe there is “no real value” specifically for BIE variety cents it’s more of error coin market there really no hardcore market value to determine or to decide what real price should be  you can look at some of BIE cents get idea what they “maybe selling for” doesn’t mean “who buying them at that price” I see a lot BIE cents with odd prices , they are just sit there until someone willing to pay that price or haggle the price down to buy it if they want it badly enough … The BIE cents are not no where near caliber of a more popular 1955 double die cent or 1972 double die cent , or 3 legged Buffalo five cent , 1942/41 mercury dimes those coins are more appreciated among collectors they bring nicer handsome premium gives a more solid price range on the market.

if you like them , then enjoy hunting down all odd year “BIE” Cents you can find don’t worry about price point , set your goals on what you can find , price point I can’t really help you there I never see any solid market price guides or anything specifically for “BIE” cents or other odd die struck errors  

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Grading fee gets you grading, attribution is a separate fee the get you variety attribution.  Mint error is yet another, higher fee that gets significant mint errors identified.  But if you pay the fee and it is just a minor error they don't list it and you don't get the fee back.  A "BIE" is just a die chip and would not be listed.  As far as extra value, if you can find someone who likes them maybe an extra dollar or two.

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  • Member: Seasoned Veteran

UPDATE: I spoke with NGC's mint error attributor, and he says that we now do BIE and similar breaks under Mint Error service (not VarietyPlus). We won't use the term BIE but will label them as Minor Die Break.

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Ahhh...good to know -- kind of like a new acronym for "UFO."

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OK so they do label them now under Mint Error as Minor Die Break.  It is still an extra $15 for something that might add $1 or so to the value.

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On 6/17/2021 at 3:12 PM, RWB said:

removes any realistic "MS-66" grade.

Been saying that for years about those clear plastic holder people...........................

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