Auction Companies that Play Games

tradedollarnut

I'm pretty po'd at a description in the Richmond Collection. Specifically, a quote from the description of the 1871-CC Seated Dollar (NGC-MS64): "this coin is likely the same specimen that is listed in the PCGS Population Report as MS64 (of this we are not absolutely certain, but it appears likely)."

No way in hell - that is misleading and they know it! The coin in question is the Norweb specimen and was graded PCGS MS63 when it sold in auction a few years ago. I'm told that it was resubmitted by David Lawrence on behalf of the consignor to NGC where it upgraded to MS64. I even pointed out to them nicely [in a prior thread] that they had it listed on their website as an MS63. The PCGS MS64 is the James A Stack specimen and is in my set.

I don't mind the upgrade game so much as an auction company that [intentionally?] misleads potential buyers. GRRRR!

TAP444

I saw that in the Catalog and thought it was very interesting b/c
you had one in your set. I was going to send a pm just to make
sure you had not sold yours, I hope they make a correction
before the sale that the pcgs 64 is real and not this coin
Tim
good catch TDN

poorguy

GRRRR!

Go get'em Tiger

Lakesammman

Was wonderinhg about that - got my catalog today and read about that coin. It would appear they know it's an incorrect description, which is disappointing.

coinguy1

TDN, call me a dreamer, but I would like to think it was an honest mistake and that perhaps the catalouger was unaware of the information you had at your disposal?

ColonialCoinUnion

I'd describe that as somewhere between irresponsible and outrageous.

tradedollarnut

At best, it's one half of the company not knowing what the other half knows. At worst....

They know the coin just went up. So did 2 of the 3 other CC's. I look forward to seeing their descriptions.

BigE

Were all of these PCGS crackouts, the ones that went up? I notice a lot of NGC coins in this sale---------------BigE

jcping

> Auction Companies that Play Games

Unfortunately, it is caught by you

tradedollarnut

Actually, Cardinal brought it to my attention. I haven't received my catalog yet. Guess I better not hold my breath....

Coinosaurus

I think it's an honest mistake. Let's tell the truth, most auction cataloguers can't compete with specialists on specific coins (which is not to say that they do not have a very strong general knowledge overall).

Besides, why WOULDN'T you want the value of coins similar to yours pumped up

marcmoish

I notice a lot of NGC coins in this sale---------------BigE

for some reason most of the coins in the sale are in NGC plastic - not sure what the wisdom of that move was - but there alot smarter people out there than I

nice catalog though - I guess the effort shows - sorry tdn ...hope you figure it out - good luck !



Marc