Did pcgs make a mistake?

rcjes · June 25, 2006 4:48AM

On teletrade tonight there is a bunch of high grade business strike coins that appear to have been all submitted at once. All of them look to be satin finish coins, and most of the are 2005-P. Here are the links; Quarter 2005D Kansas PCGS 67 Quarter 2005P California PCGS 67 Quarter 2005P Oregon PCGS 68 Dime 2005P PCGS 67 Sacagawea Dollar 2005P PCGS 67 Nickel 2005P Bison PCGS 68 Half Dollar 2005P PCGS 67

If these are satin finish coins, they will hold down the value of legitimate business strikes, on the 2005 P Bison Nickel and 2005 P Half for example.

On the other hand whoever has these on teletrade is going to score !!!!!!!!!

Russ · June 25, 2006 4:51AM

They sure look like satin finish coins.

Russ, NCNE

rcjes · June 25, 2006 4:56AM

I can't believe that one submission with all these satin finish looking coins would all pass as regular business strikes. someone must have overlooked the SF designation.

Russ · June 25, 2006 4:59AM

Yep, it's likely a data entry screwup, aka "mechanical error".

Russ, NCNE

rcjes · June 25, 2006 5:09AM

>>>>>

IRCWCoins · June 25, 2006 7:34AM

I thought PCGS was infallible???

LindeDad · June 25, 2006 7:41AM

This is the kind of mess up that the 700 plus post is all about. Who knows what you get if you buy a 2005 PCGS coin any more.

Russ · June 25, 2006 7:47AM

<< <i>This is the kind of mess up that the 700 plus post is all about. Who knows what you get if you buy a 2005 PCGS coin any more. >>

Yep. As soon as the mint issued these coins I said it was going to be the same crap we've dealt with in the 1965 to 1967 SMS coins, only on a larger scale.

Russ, NCNE

LindeDad · June 25, 2006 7:51AM

<< <i>Yep. As soon as the mint issued these coins I said it was going to be the same crap we've dealt with in the 1965 to 1967 SMS coins, only on a larger scale. >>

I made a post on the Registry Forum about the same thing back then too.

rcjes · June 25, 2006 9:45AM

$360 so far for a 2005-D satin finish lincoln cent. Normally sells for $125. It also makes the 5 MS67's gradied in the past year worthless. Not bad........

rcjes · June 25, 2006 12:05PM

$500 for a satin finish 2005-D Lincoln Cent !!!

How can I get them to forget to put the SF on my coins.....

rb7557 · June 25, 2006 12:37PM

For that kind of money you could buy a lot of boxes of cents and find your own coins. I hope the buyers of these coins realize their folly and are made whole.

rcjes · June 26, 2006 2:05AM

>>>

Russ · June 26, 2006 2:23AM

<< <i>I hope the buyers of these coins realize their folly and are made whole. >>

Who would make them whole? It won't be PCGS. These are glaringly obvious mechanical errors, and mechanical errors are not covered under the grade guarantee.

Russ, NCNE

morgannut2 · June 26, 2006 2:49AM

---"I am personally glad that PCGS" has decided to put dumb threads on SF coins only the Registry Forum---

rcjes · June 26, 2006 2:58AM

one thing is for sure, don't buy 2005 coins unless you see them in hand. You can't trust the label no matter who they are graded from. There is a lot of 2005 Lincolns graded by ngc that are satin finish that are in business strike holders also. BUYERS BEWARE!!!!!!!!!!!!!

ellewood · June 26, 2006 4:02AM

TwoSides2aCoin · June 26, 2006 4:06AM

NO

The US MINT did.

ellewood · June 26, 2006 4:07AM

one thing is for sure, don't buy 2005 coins unless you see them in hand. You can't trust the label no matter who they are graded from. There is a lot of 2005 Lincolns graded by ngc that are satin finish that are in business strike holders also. BUYERS BEWARE!!!!!!!!!!!!!

You don't have to tell me rcjes. I personally bought a 2005-P & a 2005-D (graded 68RD in NGC holders) in hopes of crossing them at PCGS. Both of them were SF coins. Seller took the coins back and refunded my money in full.

SUPERCARCOINS · June 26, 2006 7:23AM

.......no no no ! nooooooooooooohhhhhhhhhhhhhhhhhhhhh

The finalizer/verifyer would have caught these .

SUPERCARCOINS · June 26, 2006 7:27AM

Final Verification

As a final quality control check, all PCGS graded coins go back to the grading room for review by a "verifying" grader. The verifier carefully examines each coin through its Tamper-evident holder to ensure the integrity of the sealed capsule, and to check the accuracy of all certification information.

Now , who can't frickin` read ??? ALL FREAKING COINS ...............ALL

rcjes · June 26, 2006 9:06AM

>>>>You don't have to tell me rcjes. I personally bought a 2005-P & a 2005-D (graded 68RD in NGC holders) in hopes of crossing them at PCGS. Both of them were SF coins. Seller took the coins back and refunded my money in full.

I actually sent a NGC 2005 MS68 to cross at pcgs because it had flow lines and light coin wash spots on it. It came back MS67 Non Satin. The rest of the Satin Finish NGC 2005 Lincolns I have are staying in there Non Satin holders.

That MS69 on teletrade last night looks identical to my NGC MS69 satins....... I paid way less !

2bucks · June 26, 2006 9:42AM

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rb7557 · June 27, 2006 3:38PM

Looks like TT is going to hold the coins from Sunday's auction and recheck them.

More info on them Here

rcjes · June 29, 2006 10:52AM

I read in the registry forum that pcgs did a walk thru regrade on the questionable business strike coin on teletrade sunday night, and changed 6 of the 8 to a satin finish designation.

anybody have any info on which ones?

Did pcgs make a mistake?

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