Advice When Auction Item Doesn't Match Description Found Years Later
I'd really like to leave this as vague as possible unless specifics become necessary.
Five years ago I purchased a coin through a well-respected auction house. It was listed as an R-7+, and stated that it was the only one graded by PCGS. As I've mentioned here a few times, I'm in the process of trading all but two of my coins for something which will be more key to my collection. Indeed, the highlight. Anyway, I sent this coin to another well-regarded auction house who is facilitating my trade. I was told that this coin is not the variety listed on the label (and attested to by the first AH) but instead a similar variety that is an R-7-. So the second AH sent the coin back to PCGS and presumably to CAC as now it has the same grade and sticker but a different attribution. The problem is that another of the corrected variety sold a few months later in the same grade, albeit in an NGC holder with no sticker, for 1/7 the price.
Since it was an auction, do I have any recourse, or should I? I'm expecting a huge loss on this coin, and I feel as though it is at no fault of my own. I'm not sure I should have been expected to know it was the more common variety when neither the well-respected AH nor PCGS did.