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2003 PCGS MS70 LINCOLN
compromonedas
Posts: 1,163 ✭✭✭
Got my coin from PCGS today, I send it for a spot review several months ago, guess what...
0
compromonedas
Posts: 1,163 ✭✭✭
compromonedas
Posts: 1,163 ✭✭✭
compromonedas
Posts: 1,163 ✭✭✭
Comments
To support LordM's European Trip, click here!
-Paul
<< <i>The pop report shows no 2003 MS70RD Cent.....
-Paul >>
In that case, I see this thread going 100+
To support LordM's European Trip, click here!
<< <i>In that case, I see this thread going 100+ >>
Easily....
-Paul
<< <i>There is not longer a 2003 MS70 cent? >>
more information will follow
Keith
In honor of the memory of Cpl. Michael E. Thompson
<< <i>Wow, I can't wait to hear "the rest of the story". >>
Here you go:
It's a Zincoln. What else was going to happen?
[edited: sentence removed]
Ed. S.
(EJS)
<< <i>
<< <i>Wow, I can't wait to hear "the rest of the story". >>
Here you go:
It's a Zincoln. What else was going to happen?
[edited: sentence removed] >>
But it's only been a month! Tell me it ain't so.
Downgraded to a 69!
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<< <i>I am just curious as to why you sent the coin in for a spot review???? >>
Because it had spots?
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Keith
<< <i>Lol that makes total sense, but with the guarantee PCGS has I think I woulda held on to a pop 1 coin and let the value go up some before sending it in.... Guess that would be rolling the dice a bit much... Another coin could come along 70 and drop the value.... >>
<< <i>MrSpud's Curse Bottom of pg1.
On another note, thanks for the update Keith. A fascinating story to follow this last year and a half.
JJ
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
<< <i>The coin developed a carbon spot in the reverse, PCGS return all the money I paid, botton line is that PCGS guarantee is the best in the market. I still have the coin, the obverse still in perfect condition. Is not the first time that i have to use the PCGS guarantee and every time I receive a fair value for the coin. That is why PCGS is the best at this time
Keith
Glad to hear they made things right, but i'm not surprised. After they bragged about this MS70 cent on their website for weeks, and if they turned around and hosed you on the pay out, the bad press would follow them for a long time. It was a marketing move to pay you that amount, as i'm sure they didn't want to but had to save face. Anyway, sorry to hear the coin went bad, and i'm glad you were fully compensated
Wondercoin
Across the street wouldn't do that.
This benefits every coin in a PCGS holder and keeps the value up.
Now for more MS70 Lincolns....I doubt it!
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
The 63 still cost them more, and that was well before these 3 2003's were graded.
<< <i>Kudo's to PCGS.
Across the street wouldn't do that.
This benefits every coin in a PCGS holder and keeps the value up.
Now for more MS70 Lincolns....I doubt it! >>
FYI, NGC has and does do this sort of thing too. There is a reason they are both at the top of the heap with grading companies; both have paid big bucks to buy back coins
that went bad, had problems or other things.
that went bad, had problems or other things
Not true for copper....try it. I've tried it and they say no dice!!!!
They do buy back other coins, and I've had that happen. My reference was on copper, as this thread was about copper.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
In honor of the memory of Cpl. Michael E. Thompson
Maybe I jsut don't count as an authorized NGC dealer. David Lange turned me down.
Never ever had that issue with PCGS.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
<< <i>NGC has a ten-year guarantee on copper, so it would have held in this instance. >>
True. if they would have graded this coin, and then made a big marketing stink about it on their website, i'll be willing to bet my life they would have done the exact same thing for the exact same money.
Of course, all that is referring to is the fact that 3 coins were selected as 70 candidates from the large bulk lot before the finalizer knocked out 2 of the coins - presumably on their merit as only being MS69RD quality.
So, any way you slice it - there was always only -1- business strike MS70RD graded by PCGS and now, once again, there are -0- coins.
I liked the coin as an MS70RD and it is unfortunate that the spot developed. Of course, the question is how exactly did the spot develop? We may never know for sure, but, a very special coin is now no longer. Wondercoin
<< <i>Why did they turn me down on a coin that was graded within several years?
Maybe I jsut don't count as an authorized NGC dealer. David Lange turned me down.
Never ever had that issue with PCGS. >>
try submitting milk spotted ASEs to PCGS, getting them back within 6 months of review, and then getting fair market value for them. doesn't happen very often. The services pick and choose about who they want to pay out to and why. I think that is obvious. In situations where there is a lot of publicity surrounding it, you can count on them dishing out the dough. Both PCGS and NGC have multi-million $ coins in their holders, they aren't going to start hosing the owners of highly publicized coins anytime soon. Everyone else? thats a crapshoot
In honor of the memory of Cpl. Michael E. Thompson
Wondercoin
In honor of the memory of Cpl. Michael E. Thompson
<< <i>I have seen this reference to 3 coins being graded MS70RD many times now.
Of course, all that is referring to is the fact that 3 coins were selected as 70 candidates from the large bulk lot before the finalizer knocked out 2 of the coins - presumably on their merit as only being MS69RD quality.
. >>
How did this become public knowledge? Was it part of the PCGS press release regarding the MS70 Lincoln? (I don't recall this)
Wondercoin
Hoard the keys.
-sm
The Maddy Rae Collection
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