When your TPG gets the mint mark wrong...
planetsteve
Posts: 1,425 ✭✭✭✭
I bought an NGC MS66 1940 S Mercury at a show a few weekends ago. I was just admiring my work at picking a nice specimen -- it appears that the bands are completely split (though they don't look like perfect loaves of bread -- there's some extra metal up top and they almost touch at one point).
Tonight I finally noticed that my sleeper FB is actually a 1940 D. What bothers me is not that a 1940D FB is worth half of it's -S counterpart (after all, I only paid non-FB price, which is about equal for the two coins), but that I now have three of these coins and no -S.
How does this happen -- submitter indicating the wrong code? A mixup at encapsulation? If I actually lost money on this and didn't get the dealer's contact info, what would be my recourse?
Tonight I finally noticed that my sleeper FB is actually a 1940 D. What bothers me is not that a 1940D FB is worth half of it's -S counterpart (after all, I only paid non-FB price, which is about equal for the two coins), but that I now have three of these coins and no -S.
How does this happen -- submitter indicating the wrong code? A mixup at encapsulation? If I actually lost money on this and didn't get the dealer's contact info, what would be my recourse?
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<< <i>I bought an NGC MS66 1940 S Mercury at a show a few weekends ago. I was just admiring my work at picking a nice specimen -- it appears that the bands are completely split (though they don't look like perfect loaves of bread -- there's some extra metal up top and they almost touch at one point).
Tonight I finally noticed that my sleeper FB is actually a 1940 D. What bothers me is not that a 1940D FB is worth half of it's -S counterpart (after all, I only paid non-FB price, which is about equal for the two coins), but that I now have three of these coins and no -S.
How does this happen -- submitter indicating the wrong code? A mixup at encapsulation? If I actually lost money on this and didn't get the dealer's contact info, what would be my recourse? >>
Perry Mason???
Just kidding.....I hope there is an honest lawyer onboard for guidance.
This seems to happen with Mercs . . . I have one of these as well. It's a unique pop coin -- 1/0 -- as listed (in error) and a 5/3 coin when properly designated. I haven't decided what to do with it yet, but I find it humorous that Registry followers are hunting for a coin that actually does not exist . . .
OK . . . I'll eventually send it back, but it sure is a nice conversation piece for now . . .
Drunner
Not worth much.
Just goes to show that every one isn't perfect!
Brian
I LOVE TALON HEAD, PEG LEG & IKE ERRORS!
<< <i>How did you not notice the mintmark was a "D" when you bought it? >>
It never occurred to me to verify the mintmark. I looked hard at the reverse, but by that time I was thinking "okay, this is the date/mm combination I need, now how well struck is the coin" and while I undoubtedly looked at the mm I didn't notice anything remarkable about it.
<< <i>How does this happen -- submitter indicating the wrong code? A mixup at encapsulation? If I actually lost money on this and didn't get the dealer's contact info, what would be my recourse? >>
It could happen if the submitter writes down the wrong number or mintmark on the submission form and the person at PCGS keys it into the computer that way without checking to make sure the coin matches the description, (And considering that the person entering that information may not have much numismatic knowledge that is quite possible.) or the person keying it in may make typing mistake keying it in. Once it is keyed in it may never be verified against the coin again until the final verification step, and at that time they are usually just double checking the grade so errors like that can slip through.
As for your recourse, you can get the slab fixed for free, but if you lose a bunch of money because of it, that's tough. The TPGs do not pay off on mechanical errors.