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PCGS grading error!

coingodfathercoingodfather Posts: 13
in Buy, Sell, & Trade - U.S. Coins
I have a 2001 $10 gold eagle in PCGS MS69, but the label describes the coin as a 2000. PCGS has earned a well deserved reputation as the #1 most reliable and consistent third party grading service, but someone really was asleep at the helm on this one. This is a one-of-a-kind grading error, I've searched the halls of ebay for months, and have never seen another! My price for this beauty is $2500.00, though I suspect PCGS would be willing to shell out far more than that just to make this embarrasment go away! Credibility is the single most important factor to a grading service. Imagine... -PCGS with a credibility issue? Unthinkable! Yet here is this coin, which was submitted to PCGS and graded by an individual whose sole purpose is to accurately describe this coin ----ooops!
First offer at my price gets it. imageimage
Never met a modern gold coin I didn't like.

Comments

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    BikingnutBikingnut Posts: 3,561 ✭✭✭✭✭
    Dream on.
    US Navy CWO3 retired. 12/81-09/04

    Looking for PCGS AU58 Washington's, 32-63.
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    FrattLawFrattLaw Posts: 3,290 ✭✭


    << <i>though I suspect PCGS would be willing to shell out far more than that just to make this embarrasment go away! >>



    Why did you post this! I can see their stock plummeting already! image

    Please!

    Michael
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    coingodfathercoingodfather Posts: 13
    You are less than polite, 'nut. Perhaps you should have retired Sept 1, 2003.
    Never met a modern gold coin I didn't like.
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    haletjhaletj Posts: 2,192 ✭
    I think such errors are actually pretty common. I've seen wrong mintmarks, 1909 vdb penny's that had no vdb...
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    HavanaJoeHavanaJoe Posts: 155
    Ok, so the PLASTIC has an error. How is the COIN? That's what counts!!

    Silver American Eagles ROCK
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    braddickbraddick Posts: 25,203 ✭✭✭✭✭
    Mechanical errors such as this, although a bit embarrassing maybe to PCGS do not draw the premium you are requesting via the Collector.

    I've got a few of these myself and they're fun as a novelty, but unfortunutely PCGS (and the other Services) make this type of error often enough so as to warrant a grin and a snicker instead of outrage and shock and disbelief.
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    JohnsCoinsJohnsCoins Posts: 1,107 ✭✭✭
    I have a slabbed 1939 DDR Jefferson nickel. The PCI slab saya it is a 1938 DDR.

    John
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    hamiltonjhhamiltonjh Posts: 1,140
    Someone made a mistake. It happens. They're human. If you contact them and tell them they goofed, I bet they will tell you to send the coin back and they'll reseal it with the right date at no charge.

    They're not gonna pay $2500 to "to make this embarrasment go away" though. Please tell us you didnt really think thats true. Have they lost credibility? No. You said it exactly right. "oops".
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    newbiecollectornewbiecollector Posts: 2,992
    Let's see it....... post a scan so we can "enjoy"
    Becoming informed but still trying to learn every day!
    1-Dammit Boy Oct 14,2003

    International Coins
    "A work in progress"


    Wayne
    eBay registered name:
    Hard_ Search (buyer/bidder, a small time seller)
    e-mail: wayne.whatley@gmail.com
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    pontiacinfpontiacinf Posts: 8,915 ✭✭
    there are more than you think out there...

    as for your price, please dont hold your breath, as you would miss the holidays image
    image

    Go BIG or GO HOME. ©Bill
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    hamiltonjhhamiltonjh Posts: 1,140
    Yeah...a $150 MS69 coin for $2500 because of a typo? or, even if it's a proof coin at MS69 @ $250....

    image
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    jbstevenjbsteven Posts: 6,178 ✭
    image
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    jbstevenjbsteven Posts: 6,178 ✭
    one more for emphasis

    image
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    zardoz51zardoz51 Posts: 1,168
    Incredible!



    << <i>I suspect PCGS would be willing to shell out far more than that just to make this embarrasment go away! >>




    No they wouldn't. It happens once in a while, I've had a few myself. Send it back with a note saying "mechanical error" and get it reholdered for free.

    Then again, for some reason, I don't think that this will be the path this individual will take. There's always ebay! I'll look forward to the link when it's running. It's always fodder for a good laugh.



    THE FLOGGINGS WILL CONTINUE UNTIL MORALE IMPROVES
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    zardoz51zardoz51 Posts: 1,168
    JB

    Be kind!


    If I wanted EZ money, I'd just keep checking Pepsi cans for a dead mouse image
    THE FLOGGINGS WILL CONTINUE UNTIL MORALE IMPROVES
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    hamiltonjhhamiltonjh Posts: 1,140
    hahahaa....

    put one in there and go from there. image
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    OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭


    << <i>First offer at my price gets it. >>


    imageimageimageimageimageimageimageimageimageimage
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    oldguyoldguy Posts: 176
    PCGS gave me three free Gradings for the one they mistakenly marked.
    image
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    Dukie101Dukie101 Posts: 1,313 ✭
    image
    Larry
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    BikingnutBikingnut Posts: 3,561 ✭✭✭✭✭
    Yes, I probably was being less than polite, but PCGS putting the wrong sticker in the holder doesn't increase the value of the coin inside or the holder itself. It's highly unlikely you will get anyone to bite here. Perhaps you should try ebay.
    US Navy CWO3 retired. 12/81-09/04

    Looking for PCGS AU58 Washington's, 32-63.
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    agentjim007agentjim007 Posts: 6,256 ✭
    Sounds like a pretty good deal to me....I'll buy it.

    I shouldn't joke around. I don't want to wake up with a horse head in my bed.
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    TWQGTWQG Posts: 3,145 ✭✭
    image
    My eBay store
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    BoomBoom Posts: 10,165 ✭
    imageThree-count them T H R E E errors as of late #1- NGC coin sent in for cross/was given PCGS certification # indicating(duh) it crossed-coin comes back to me STILL in the NGC slab! Bummer #2) For months I've had in my registry set what was labeled a PCGS 66 1944-S...NOT! Turns out the coin is a 46-S #3) (To my advantage) Being the vast majority of my Registry Set is comprised of MS 66's I scoff up what is marked as a PCGS 63 1946-P, the coin is no 63...it's a 66-fits right in with all the other 66s-only not is it graded improperly-it,too, has been labeled improperly! It is no "P" at all...it's an "S"! According to DH's "challenge" do these qualify as "bagging" PCGS.? To me, it's a sign of overworked/understaffed crew trying to work as quickly as they can in which cases these errors are inevitable. Too much work- not enough graders! They are strained to the breaking point!
    Boom's Retired Registry Set & Boom's Retired Variety Set
    image
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    tgilliamstgilliams Posts: 1,969
    A mechanical error like wrong date is worth the price of sending in the slab to be corrected. wrong date on insert is worth ZERO!!! your coin is worth around $110. PM me when you get your head out of the clouds. I'll even pay $3.99 in shipping. My offer $113.99. and you're lucky to get that. why not send to PCGS, they will fix for FREE. I see from the # of posts you're a real seasoned veteran collector image. Your price is ridculous and shows your inexperience in numismatics. So PM me and I'll send you $113.99.

    You might want to purchase a book on rarities and show us where and how you determined the price on mechanical errors. Bet you $1000 not listed as an error or rare coin. image
    PCGS sets under The Thomas Collections. Modern Commemoratives @ NGC under "One Coin at a Time". USMC Active 1966 thru 1970" The real War.
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    tgilliamstgilliams Posts: 1,969
    Obsurd!!!! Buy the Red book and read about collecting Rare coins and don't forget to give us the book you used to determine a typo is worth $2,500!!! Maybe you should send to ACG they probably will attribute the typo if you tell them the grade and send them extra money to slab this joke!!! Might want to join the ACG Forum, many collectors are experienced as you and may pay stupid money for a typo!! Good luck!!
    PCGS sets under The Thomas Collections. Modern Commemoratives @ NGC under "One Coin at a Time". USMC Active 1966 thru 1970" The real War.
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    coingodfathercoingodfather Posts: 13
    Well, I apparently have a lot to learn about coins and grading services. Thanks for all your kind words. By the way, tgilliams, it's spelled "ridiculous" and "absurd". It shows your inexperience with words, and I really hate for you to look so inept. image
    Never met a modern gold coin I didn't like.
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    USMC_6115USMC_6115 Posts: 3,102 ✭✭✭✭✭
    You would probably do better teaching grammar to a crowd that cares. You appear to be better at grammar than coins and come backsimage
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    BubbleheadBubblehead Posts: 1,621 ✭✭✭
    In my "Boo-boo" box, I have a $5 gold AGE that says "PR69"..
    It's really an MS69... It's my 2nd gold slab with a mechanical error. I have 18 others, with similar errors too!
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    itsnotjustmeitsnotjustme Posts: 8,789 ✭✭✭


    << <i>This is a one-of-a-kind grading error, I've searched the halls of ebay for months, and have never seen another! >>

    I found one in 1 minute!

    Maybe if you try the ACG forum you'll find someone to buy it for that price!
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
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    BoomBoom Posts: 10,165 ✭
    image I had 3 boo-boos withina month-1) spent $30 to cross a NGC 32-D Quarter to PCGS. Was emailed verifying that it did cross/given new cert#...coin shows up still in NGC slab AWWW 2) For a little over a month ,in my Registry Set was what was labeled a PCGS 66 1944-S Quarter-turns out it's a 46-S MMM 3) Saw this one coming and grabbed it-Quarter labeled 1946 PCGS 63-NOT, it's another 46-S and it's a 66 not a 63! Too much work -not enough workers! Not a good time for accuracy! Boo- Hiss!
    Boom's Retired Registry Set & Boom's Retired Variety Set
    image
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