Why not simply continue with the other coinfacts thread? Regardless.... perhaps you could provide a little context? "Pos" could mean "position", but without said context is nothing but speculation.
You're certainly welcome, but please understand I was only speculating. It wasn't intended as a definitive answer, and simply because without said context I'm not exactly sure what it's supposed to mean. Okay... that's better. It's in reference to the edge lettering.
Position A is looking at the coins edge from the obverse facing up. The lettering and other information will be right side up. Position B is just the opposite and the lettering will be upside down, looking at the coins edge from the obverse facing up. It happens randomly during the upsetting process.
My personal opinion is that the idea of a Position A or Position B notation is about as dumb as a donut since it is totally random. The idiot who came up with this idea probably believes that all doorknobs should be marked clockwise or counterclockwise. Chris
You could not be more correct. But I do know of a few people who have picked up blank Dansco's and are now assembling a set of these raw. Purists who have to be so complete I guess.
Naturally, you won't find PCGS complaining because it effectively doubles the number of submissions for each coin. It was probably their idea in the first place. Chris
The major grading services recognize the up or down orientation of the edge lettering on Presidential Dollars and Sacagawea Dollars, as follows: POSITION A - Edge lettering reads upside-down when the President's portrait faces up. POSITION B - Edge lettering reads normally when the President's portrait faces up. http://www.greatcollections.com/kb/...residential-and-Sacagawea-Dollars-t160-4.html
Then, that wasn't the case for NGC until sometime after the release of the GW Prez dollar because it wasn't noted on the coins I submitted. I guess they figured that if some idiots were willing to pay for it, they may as well get on the band wagon, too. Chris
I agree wholeheartedly. But the TPGs were quick to take advantage if it because of the public's reaction when the first modern dollars were released. All one needs to do is to think back and remember what happened back then. The coin forums, coin mags, websites, even mainstream media - all of it was saturated with stories over the edge lettering. Some of it about this word or words being missing, others about the letter orientation in regard to obv/rev - and of course the scarcity that any of this entailed for any given example. Which of course created the all too common modern day mania with sales. When absolutely none of it was warranted. As I have quoted before many times - we have met the enemy and he is us !
