Finding Resubmission Coins in the Wild: A Cherry Picker’s Guide

The Thrill of the Hunt

You don’t always need a dealer to find this. Here is what to look for when searching through circulation or bulk lots.

Historical Significance

The world of coin collecting is filled with hidden treasures waiting to be discovered. Among these are resubmission coins – pieces that have been previously graded but are now being reconsidered for a variety attribution. These coins represent a fascinating intersection of numismatics and detective work, where collectors can potentially uncover significant value in seemingly ordinary pieces.

Understanding Resubmission Coins

Resubmission coins are those that have already been through a grading service but are now being sent back for additional evaluation. This process often occurs when a collector believes a coin may have a variety or error that wasn’t initially recognized. The most common scenario involves adding a variety attribution to a coin’s certification label, which can significantly impact its numismatic value and collectibility.

Identifying Key Markers

When searching through circulation or bulk lots for potential resubmission candidates, keep an eye out for these key markers:

• Unusual die characteristics or doubling
• Off-center strikes or broadstrikes
• Missing or doubled mint marks
• Die cracks or cuds
• Repunched dates or mint marks

Common Varieties to Look For

Some of the most frequently encountered varieties in circulation include:

• 1955 Lincoln Cent Doubled Die Obverse
• 1972 Lincoln Cent Doubled Die Obverse
• 1982 No P Roosevelt Dime
• 2004 Wisconsin State Quarter Extra Leaf varieties

Where to Find Resubmission Candidates

The thrill of finding a resubmission candidate isn’t limited to professional dealers or high-end auctions. Many collectors have had success searching in these locations:

Circulation Finds

Always check your pocket change and bank rolls. While rare, valuable varieties do occasionally turn up in everyday transactions. Pay special attention to pre-1965 coins, as these are more likely to have interesting varieties due to older minting processes.

Bulk Lots

Online auctions and coin shows often feature bulk lots of unsearched coins. These can be goldmines for variety hunters, though they require patience and a good eye. Look for lots containing coins from the 1950s-1970s, as this era saw many notable varieties produced.

Estate Sales

Don’t overlook estate sales and antique shops. Many times, families selling a coin collection may not be aware of the potential value hidden within. Older collections are particularly promising, as they may contain coins that were overlooked when varieties weren’t as well-documented as they are today.

The Resubmission Process

Once you’ve identified a potential resubmission candidate, the process of getting it recognized involves several steps:

Initial Evaluation

Before submitting to a grading service, carefully examine your coin under magnification. Document any unusual characteristics with clear, high-resolution photographs. This documentation will be crucial if you need to explain why the coin required a new certification number.

Submitting to the Grading Service

If you’re adding a variety attribution, submit the coin to PCGS or NGC for a reholder. As long as you’re using the same certification number, the process should be straightforward. However, if the variety requires a new certification number, be prepared to provide detailed images and explanations.

CAC Sticker Process

After receiving your newly attributed coin back from the grading service, you can submit it to CAC for a sticker. Remember:

• Keep the same certification number if possible to simplify the process
• Take excellent photos of the coin in its current state
• Be aware there’s a small risk of damage during the resubmission process

Value Guide

The value of a resubmission coin can vary dramatically based on the variety and its condition. Here are some general guidelines:

Common Varieties

Minor varieties might add 10-25% to a coin’s value. These are typically varieties that are recognized but not extremely rare.

Significant Varieties

More dramatic varieties can increase a coin’s value by 50-200%. Examples include major doubled dies or significant minting errors.

Rare Varieties

The most valuable resubmission coins can see their value increase by 500% or more. These are typically very rare varieties or those with significant historical importance.

“The thrill of discovering a previously unrecognized variety is what drives many collectors to spend hours searching through rolls and bulk lots. It’s the numismatic equivalent of finding a needle in a haystack, but when you succeed, the rewards can be substantial.” – Anonymous Cherry Picker

Tips for Successful Cherry Picking

To improve your chances of finding valuable resubmission candidates:

Educate Yourself

Study variety guides and familiarize yourself with the most common and valuable varieties. Knowledge is your best tool in this pursuit.

Network with Other Collectors

Join coin clubs and online forums to share information and learn from others’ experiences. Many valuable discoveries are made through collective knowledge.

Be Patient and Persistent

Finding valuable varieties takes time and effort. Don’t get discouraged if you don’t find something immediately. Every roll searched is a learning experience.

Conclusion

The world of resubmission coins offers an exciting avenue for collectors to potentially increase the value of their finds. By understanding the process, knowing what to look for, and being persistent in your search, you might just uncover the next great variety discovery. Remember, every coin has a story, and sometimes, that story is waiting to be rewritten through the resubmission process.

Whether you’re searching through circulation, buying bulk lots, or exploring estate sales, keep your eyes open for those telltale signs of a variety. With patience, knowledge, and a bit of luck, you might find yourself holding a coin that’s worth far more than its face value – all because you recognized its true potential.

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