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TPG- What do you do?

coinkatcoinkat Posts: 23,409 ✭✭✭✭✭
in World & Ancient Coins Forum
I decided to post this on this forum as well... Have you ever received a coin that was graded by a TPG that was so outrageously overgraded that you would rather send it to the TPG and not return it the dealer so you could ask how they graded the coin the way they did and perhaps offer to buy the coin back to prevent further embarrassment?

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Comments

  • ajaanajaan Posts: 17,451 ✭✭✭✭✭
    Yes. I once bought a high grade, MS65, Canadian Dollar from an eBay seller. The coin was TPG graded, one of the big boys. When I got the coin I thought 'how the heck could they have graded this a 65'?. But I returned it to the seller.

    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • shirohniichanshirohniichan Posts: 4,992 ✭✭✭
    I bought a 1927 crown that was in an NGC PF64 holder. It was PF62 at best, and the seller took it back.
    image
    Obscurum per obscurius
  • GoldCoinLoverGoldCoinLover Posts: 1,244


    << <i>I bought a 1927 crown that was in an NGC PF64 holder. It was PF62 at best, and the seller took it back. >>



    Why would you return a coin that was overgraded..?
  • shirohniichanshirohniichan Posts: 4,992 ✭✭✭


    << <i>

    << <i>I bought a 1927 crown that was in an NGC PF64 holder. It was PF62 at best, and the seller took it back. >>



    Why would you return a coin that was overgraded..? >>



    I don't see the point in paying Proof 64 money for an ugly Proof 62.
    image
    Obscurum per obscurius
  • KitzKitz Posts: 33


    << <i>

    << <i>

    << <i>I bought a 1927 crown that was in an NGC PF64 holder. It was PF62 at best, and the seller took it back. >>



    Why would you return a coin that was overgraded..? >>



    I don't see the point in paying Proof 64 money for an ugly Proof 62. >>



    I would have sent the coin to NGC for appearance review, if the coin goes down you are covered, if it stays the same return it to the seller or resell it your self.

  • MacCrimmonMacCrimmon Posts: 7,058 ✭✭✭
    Numerous coins in an auction concluded this year were vilely and grossly overgraded.

    AU58s by the boatload graded as MS63 and such......image Come on, wear is wear, ugly is ugly. Another coin which comes to mind sold to the "book", and reappeared again, and who knows it's fate the second time, but it remains a mis-attributed coin; i.e. graded PF when in fact it is not, not even a question as to it's business strike status. It was an eye appealing coin though, even though it's "numeric" grade was too high also, IMHO.....

  • 1960NYGiants1960NYGiants Posts: 3,505 ✭✭✭✭
    I sent a Canadian half back to ANACS. It was AU50, I thought VF35 - came back same grade. Sent it to PCGS and it crossed at AU50. Maybe what I thought was wear was actually a weak strike.

    Gene
    Gene

    Life member #369 of the Royal Canadian Numismatic Association
    Member of Canadian Association of Token Collectors

    Collector of:
    Canadian coins and pre-confederation tokens
    Darkside proof/mint sets dated 1960
    My Ebay
  • SYRACUSIANSYRACUSIAN Posts: 6,461 ✭✭✭✭
    I have. Since there was no return policy, I'm ready to dump it on ebay. Sorry to be so blunt.
    Dimitri



    myEbay



    DPOTD 3
  • SYRACUSIANSYRACUSIAN Posts: 6,461 ✭✭✭✭
    I mean my only other option is what? Return it to PCGS and tell them, look this is a 65 and you gave it a 67? On the basis of which Darkside pricelist shall I be refunded under the PCGS guarantee?

    Dimitri



    myEbay



    DPOTD 3
  • newsmannewsman Posts: 2,658 ✭✭✭


    << <i>I mean my only other option is what? Return it to PCGS and tell them, look this is a 65 and you gave it a 67? On the basis of which Darkside pricelist shall I be refunded under the PCGS guarantee? >>



    Good question. image

    I wonder how PCGS would determine the relative value of a 67 versus a 65 in that case.
  • SYRACUSIANSYRACUSIAN Posts: 6,461 ✭✭✭✭
    Newsman, this is not only a question of microgrades. Wether little or grossly overgraded, there is no such list for the TPGs to honour their guarantee for foreign coins,such as PCGS' pricelist for US coins. In the above case, it's double the money, and I've been generous, a 64 would be an even more accurate grade.

    It only comes down to a moral question. Do I hype this coin, or rather let the photos and grade speak for themselves? One thing I would not do though, is put it up for sale in our weekend swap. image
    Dimitri



    myEbay



    DPOTD 3
  • newsmannewsman Posts: 2,658 ✭✭✭
    Generally I would say that if you think it's a 64 then you have a moral obligation to say so, and that's what the best and most honest dealers would do. On the other hand, if the grade is so obviously off, a clear description and large photos would do the trick for most people.

    I would guess that if you put the coin up on eBay with a clear description, sharp pictures and some comment suggesting you think it was generously graded, you'll probably still get near the 67 price just because some bidder would think he knows better than you do, or thinks he can resell it as a 67.
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