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PCGS incorrectly label a coin with the wrong date?

I noticed a coin for sale in a upcoming auction that has the wrong date on the holder.This is a fairly common coin in the grade of 63. The coin in the holder is worth about $20.00 for the grade. The coin identified on the holder is worth about $150.00, which is where it's bid up to. Now, either the bidders overlooked the date also or they feel the error slab is worth more than the coin. I would assume the auction company would have caught this also.

Is there any value to these PCGS error slabs?

Randy

Comments

  • Maybe to PCGS to avoid the embarassment!! image

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    Crazy4coins...can you provide the auction number or link?

    If I only had a dollar for every VAM I have...err...nevermind...I do!! image

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  • Only if you collect them.image







    Herbimage
    Remember it's not how you pick your nose that matters, it's where you put the boogers.
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  • jdimmickjdimmick Posts: 9,675 ✭✭✭✭✭
    several years ago,

    I bought a PCGS-64 1915-s Buffalo Nickel once from a dealer's website, and the dealer told me the coin was super nice for the grade. When I recieved the coin, it was a 1913-s Ty I in a 1915-s labeled slab. Two things, I sent it back, and secondly that told me the dealer never really looked at the coin, but merely said it was nice as a marketing tool.

    Had it been a 1913-s Ty II, I probably would have kept it.


    jim

  • RYKRYK Posts: 35,797 ✭✭✭✭✭
    Is there any value to these PCGS error slabs?

    No. PCGS calls this mechanical error, and if I am not mistaken, they do not guarantee it in the same way they guarantee the grade. There was a thread on this a year or two ago.

    Another reason to buy the coin, not the holder.
  • ScarsdaleCoinScarsdaleCoin Posts: 5,223 ✭✭✭✭✭
    I kind of like them and buy them when offered...but not for $150 for a $20 coin....
    Jon Lerner - Scarsdale Coin - www.CoinHelp.com
  • Are they anybody that collects error slabs? I don't but I have a 1806 half dollar identified as a quarter.image


  • << <i>Is there any value to these PCGS error slabs? >>


    Well this one got bid to over $34,000 on ebay.

    image

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