NGC recently authenticated a 2009 D Zachary Taylor Presidential $1 coin bearing the date 2010 D on its lettered edge.

NGC has certified a Zachary Taylor Presidential $1 coin that bears the date 2010 D. The Zachary Taylor coin was the fourth Presidential dollar released in 2009 and should correctly bear the date 2009, not 2010. This is the first time that the wrong date has been reported on an edge-lettered US dollar.

The date on each Presidential $1 coin appears on its edge and is applied by an edge lettering die after the obverse and reverse are struck with a blank collar. Because edge lettering is an additional and subsequent step, it has been the source of several types of novel mint error coins. Most common among these errors is partial edge lettering, which occurs when a coin gets hung up in the edge lettering machine and part of the edge lettering is not impressed. Another error is missing edge lettering; that error occurs when a coin misses the edge lettering step entirely. A third error type that has been encountered is doubled edge lettering, which is created when a coin passes through the edge lettering machine twice.

While there are many possible explanations for how this incorrect date error may have occurred, its story is seemingly revealed by the coins that accompanied it. This error coin was included in a roll of 2010 D Native American $1 Coins that were purchased using the US Mint’s Direct Ship Program. Since only this lone Zachary Taylor $1 was found in the roll, one can speculate that the same machinery was used to strike 2010 D Native American dollars after completing a run of 2009 D Zachary Taylor dollars. A coin was left behind somewhere between striking and edge lettering became mixed with Native American dollars headed for the edge lettering process, and was thus inscribed with the wrong date.

Because of where this coin was found, it does not suggest that a large run of error coins were made and, therefore, this type of error coin may remain a significant rarity. (more…)

Every year I write a letter to all NGC submitters to describe what’s happening at NGC. Communication is a very important part of what we do — we see NGC as being directly responsive to the wants and needs of the numismatic community. In no small part, it’s because of this responsiveness that NGC has grown to become the largest rare coin certification company in the world. In fact, we are literally only days away from certifying our 20 millionth coin!

Before I get ahead of myself, I’d like to look back at 2009. We did so many things last year that I’m just going to get to it…

On January 1, 2009, we formally launched NGC Ancients, a grading division focused on coinage of the ancient world. David Vagi, an extraordinary numismatist, joined us to head this effort. Our goal is to provide independent expert evaluations for ancient coins, just as we do for coinage of the modern era. The precise grading system and encapsulation are both game-changing innovations in ancient numismatics, but I’m particularly proud of what it says about NGC. Now, we can provide our industry-leading services for the broadest range of coins, tokens and medals. We do this by having more and better experts than anyone, all under one roof and collaborating to continually improve the quality and value of our services.

At the 2009 FUN Show we introduced the Scratch-Resistant EdgeView® Holder. Coated in the same UV-cured materials as eyeglass lenses, it provides an optically clear surface that is resistant to nicks and scuffs. We absorb the cost on this very expensive material because we believe it’s vitally important that your coins are always presented in the best possible way, whether you are offering them for sale or enjoying them in your home. If anyone is interested in having coins re-holdered in our scratch-resistant holder, just call customer service and they will be happy to take care of you.

We’ve also continued to upgrade and improve our Web site. Dealers will find an enhanced portal upon login, and all submitters have new, easy-to-use PDF submission forms. In April, we added a comprehensive library of grading articles to the Web site, one for every US coin type. Our coin grading guide, penned by NGC Research Director David W. Lange, is called From One to Seventy, and is certainly among the most readable and informative resources of its kind. But most significantly, we’ve upgraded our Online Verification tool. Now you can see images of every coin that was tier-graded after October 2008 by entering its certification number. We even have a mobile version so you can access these images on your cell phone! If you ever had a concern about buying a fake or bad NGC holder, you shouldn’t anymore. (more…)

NGC has received a number of the new 2010 cents for certification.

The numismatic press recently announced that the new 2010 cents having a shield reverse were inexplicably released in Puerto Rico in advance of their scheduled February release date. NGC has received a number of these for certification, and the novelty of these coins makes them worthy of comment. The obverse remains unchanged from recent years, with the exception of some sharpening of the initials “VDB” at the truncation of Lincoln’s bust. The reverse has been replaced entirely, representing a retirement of the 50-year-old Lincoln Memorial design and last year’s four commemorative types. In their place is a Union shield of thirteen vertical stripes topped by a chief bearing the incuse legend E PLURIBUS UNUM. The value ONE CENT is inscribed in relief on a banner superimposed across the vertical stripes. The legend UNITED STATES OF AMERICA appears around the upper periphery in raised letters, while the initials “LB” of the designer (Lyndall Bass) and “JLM” of the sculptor (Joseph Menna) are beneath the banner at either side of the shield.

This design is not entirely original, as it closely resembles pattern cents designed and sculpted by Charles E. Barber in 1896 (numbers J-1767 through 1769 in the Judd pattern book). Unlike the originals, however, the new 2010 cents omit the traditional visual language of heraldry in which white stripes are represented by a plain texture, red stripes are represented by fine, vertical lines within them and the blue chief is represented by horizontal lines. The new cent has the “red” stripes in faintly higher relief that is observable only with close examination, while the chief is not colored heraldically at all. The impression is thus given that the entire shield is of a single color, the lack of distinction being particularly egregious with respect to the stripes. (more…)