PCGS Guarantee Question
FatMan
Posts: 8,977 ✭
in Q & A Forum
David,
Thank you for taking the time every week to answer our questions. Your time here is greatly appreciated and a welcome service.
On the US Coin Forum there has been several discussions in the past year regarding "Mechanical Errors". These errors have been described as holders with incorrect dates, mint marks, varieties, etc. What is your definition of a "Mechanical Error" and how am I protected by PCGS if I purchase a PCGS holdered coin in a sight un-seen transaction (or a no return privilege transaction) in which a "Mechanical Error" has been made.
Thank you for taking the time every week to answer our questions. Your time here is greatly appreciated and a welcome service.
On the US Coin Forum there has been several discussions in the past year regarding "Mechanical Errors". These errors have been described as holders with incorrect dates, mint marks, varieties, etc. What is your definition of a "Mechanical Error" and how am I protected by PCGS if I purchase a PCGS holdered coin in a sight un-seen transaction (or a no return privilege transaction) in which a "Mechanical Error" has been made.
0
Comments
A mechanical error is an obvious error. Examples: a clearly mint state frosty surface coin in a proof holder, a 1936 dated coin in a holder that said 1935, a Boone commem in a Texas commem holder, a flat as a pancake band dime in a FB holder, etc. The obvious mechanical error can sometimes be a grade. For example, in 1986 we had a dispute with a dealer because he purchased a MS65 1893-O dollar. The problem was the coin was a bag marked to death MS60 that no one in his right mind would ever consider even MS63 let alone MS65. The guiding concept with mechanical errors is common sense.
David