Misattributed Coins in TPG Plastic Up for Auction
keyman64
Posts: 15,456 ✭✭✭✭✭
How have you seen issues like this handled? Should I just contact the TPG Customer Service, ask for their variety attribution department or try to go higher up the ladder? Or is there a guarantee department of sorts? Will the TPG try to buy the coin back at auction or reach out to the auction venue and pull the lot and then try to buy it from the current owner. Should I notify the auction venue, if it's not eBay?
Any stories along these lines people can share and what might be the most efficient way of getting something like this handled? Specific names of TPGs or Auction Houses need not be shared. Mistakes happen. It's more important that these things just get handled properly. I've seen a number of misattributed coins in TPG holders but had not run into this specific situation before.
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Comments
Notify the auction company.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Agreed, and we appreciate it when we’re made aware of such errors.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Thanks. So, what normally happens? Misattribution confirmed, lot is pulled, consignor is notified and then what? Does the consignor normally want the auction house to contact the TPG on their behalf...does the TPG offer to buy it off the market and the consignor made whole (or close) so it can be corrected?
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
The majority of the time, the coin is withdrawn from the sale, sent to the grading company, re-attributed and offered in a future sale. Once in a while, the consignor wants the coin returned, instead.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Others have simply posted the coins here. Mark is here for Heritage and there are Stack's people here as well who have found coins and had them pulled.
Believe it or not, there are times when I will see an email to Heritage faster than a post here.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
You mean indirectly contacting someone on a site they may not monitor isn't more efficient than just calling them directly? I'm skeptical.
I won a misattributed coin in an auction from a well known dealer but they listed the coin correctly and clearly described the TPG lable mistake.
It was valued about 5 or 6x more than labeled.
I think it still suppressed the bidding.
Once received, I let PCGS know and it went through the re-slabbing process at their expense.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
Don't short change yourself. You're pretty quick!
Of course both are good, but if one is already posting here, it works.
Thanks, but you should see how (fast) I handle emails.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Have had it happen Twice on heritage and mark helped make it right Within a few hours.
Almost like Jimmy Johns.. WICKED FAST
BHNC #248 … 108 and counting.
@keyman64
You do not want to mention the TPG by name, and I respect that decision.
That said, this forum is hosted by PCGS. So, I think that it would be 'appropriate/informative' to review how PCGS handles these situations once the coin actually gets back to them. Again, not saying that PCGS is involved ...
The 'PCGS Guarantee of Grade and Authenticity'.
Note the section on "mechanical" errors, which are not covered by the guarantee.
We all KNOW how you do THAT.
Your administrative assistant prints out your emails on high linen count 75# weight paper.
You read them, take out your quill pen and ink well, and - after proper consideration - pen a response.
Your administrative assistant decyphers your chicken scratch and replies to the original sender. Placing a carefully crafted entry in the correspondence index after filing the original document in one of 100 five drawer filing cabinets in a temperature and humidity-controlled vault.
Then when - sadly - the day comes, the index will be scanned into the NNP, allowing generations of future numismatic scholars to make the journey to your beloved Alma Mater, Watsamatter U to learn from the master.
ANA 50 year/Life Member (now "Emeritus")
Close, but no cigar. I don’t have an administrative assistant and even if I did, he or she wouldn’t be able ro decipher my chicken scratch. 😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
You know how hard medical trascriptionists have it!
Seriously, despite all the processes, and procedures, and quality assurance, and care the TPGs apply, humans make, well human errors. Rarely, but it happens.
Any reputable TPG - and that includes our hosts - will reholder the coin to make sure the label is accurate.
ANA 50 year/Life Member (now "Emeritus")
it also depends if consignor was original submitter or bought and their purchase price.
I have seen a fair few misattributions before. Always wondered how this was handled. Personally I usually just sell them as is but make clear it is a different VAM and provide closeups of the relevant areas