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Why did PCGS slab this coin? - UPDATE
donthehill
Posts: 137 ✭✭✭
UPDATE:
PCGS, did indeed purchase the coin back, refunded my submission fees, and even included $ for my shipment to PCGS. Thanks to PCGS! Also, the staff was very professional in dealing with the issue in terms of email and phone communications.
Only regret is that PCGS simply sent the check for the buy-back. I think I would have liked the opportunity to have had the coin returned (body-bagged) with a commensurate negotiated reduction in the payment, but I can also understand their point of getting it out of circulation for a while.
So what will PCGS do with the coin?
-drew
Original Post:
Here's a recent purchase; nice strike, and obv/rev are almost mirrored. However, there a component that makes me wonder why it didn't get BB'd by PCGS. See it? (graded AU58)
-drew
PCGS, did indeed purchase the coin back, refunded my submission fees, and even included $ for my shipment to PCGS. Thanks to PCGS! Also, the staff was very professional in dealing with the issue in terms of email and phone communications.
Only regret is that PCGS simply sent the check for the buy-back. I think I would have liked the opportunity to have had the coin returned (body-bagged) with a commensurate negotiated reduction in the payment, but I can also understand their point of getting it out of circulation for a while.
So what will PCGS do with the coin?
-drew
Original Post:
Here's a recent purchase; nice strike, and obv/rev are almost mirrored. However, there a component that makes me wonder why it didn't get BB'd by PCGS. See it? (graded AU58)
-drew
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Comments
TC71
In honor of the memory of Cpl. Michael E. Thompson
Perhaps it did not get BB'ed by PCGS because it never was submitted to PCGS?
Slab pictures, please? Not that we are distrustful folks...we just like pictures!
(sorry, as a very infrequent poster and major lurker, I'm clearly lacking in "posting savvy".)
(also, if you think this is coin looks familiar, I purchased it recently from a TT auction - could clearly see half of the "x", but it looked like a normal ding appropriate for an AU. My scanner does a "wonderful" job of bringing out the special feature.)
-drew
I would have thought that only Heritage photos can make a huge graffiti "X" look like a ding. I'd like to get a load of those TT photos.
What was your reaction when you first saw it in hand?
<< <i>that was done on the special "take your kid to work and let them grade, day" >>
Ray
History of the US Constitution Coin Set
why not a 21/2 dollar gold piece with an x.
Camelot
<< <i>An obvious grading error. The "X" should have resulted in a bodybag. >>
Yes, both graders and the finalizer all made the same error... they forgot to look at the reverse.
PCGS, ANACS, & NGC Certified Coins on My Website.
<< <i>
<< <i>An obvious grading error. The "X" should have resulted in a bodybag. >>
Yes, both graders and the finalizer all made the same error... they forgot to look at the reverse.
Yes but what's even worse is TT accepted this as a consignment lot, made thier 12% and didn't mention the damage in any description.
Teletrade
OH, here it is.
Gardnerville, NV
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<< <i>I agree, should of been BB. >>
Maybe the Putty over the damage Vaporized during Sonic Sealing
Oh, and:
POOF!!!!
(Perhaps it was a crossover with a translucent smudge on the holder right there to obscure it?)
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Gardnerville, NV
=========================
Our Website -->Innovation, Native & Presidential Dollar Errors, Lincoln Cents and more
Check it out --> Our eBay Auctions
<< <i>that was done on the special "take your kid to work and let them grade, day" >>
I'm gonna have to agree with doogy...whoopsies.
If I only had a dollar for every VAM I have...err...nevermind...I do!!
My "Fun With 21D" Die State Collection - QX5 Pics Attached
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Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The rotten part about all of this is that, as one poster mentioned, this coins is really a sweet coin for a type set, even with a few goobers on the reverse - great strike, clean obverse, near mirrors, and S-mint to boot.
BTW, I've purchased several items from TT and have always been happy with the result - I've usually found their pics to be accurate, and even in this case, you can sorta see the "x" if you know what to look for. When I'm in whining mode about the major on-line auction areas, I'm usually whining about the pics on Heritage. Although, I've now also been edjumacated on the punitive return policies on TT. Fun times!
-drew
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
I thought everyone knew those were HRH's "chop marks" on the early Presidential Reviews
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``https://ebay.us/m/KxolR5
<< <i>Here you go. It's all good now. I just hit it with a Magic Pad™.
Wonder if NCS owns a Magic Pad™
Interesting timing on the original post. At least it gives us regular folks some visibility on an issue like this.
Now, we should place bets on when this thread gets poofed on Monday.
I'm thinking between 9:00am and 9:15am central. Unless they get tied up reading the never ending thread.
[edit] You used a magic pad!?!?
<< <i>I notice that the “you can’t grade a coin from a photo and have to have it in hand” folks are not weighing in on this discussion.
Perhaps it is because that point has little to do with this discussion.
I am sure they will correct this when it is brought to their attention.
Lafayette Grading Set