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Does this happen often?

QuarterCollectorQuarterCollector Posts: 1,384 ✭
in U.S. Coin Forum
I purchased a 1925 SLQ graded MS65FH by NGC from David Lawrence auctions. I had the coin sent directly out to PCGS or a cross and was hoping to get at least a MS64FH. PCGS seems to be very tough with crosses ever since CAC hit the scene. I received my grade on Friday:
Line # Item # Cert # PCGS No. CoinDate Denomination Variety Country Grade
1 1 12173235 5752 1925 25C US Altered Surfaces


What recourse if any do I have. I emailed both David Lawrence auctions and NGC but haven't heard anything yet. Does this happen often?

Comments

  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    Little comfort here, but I always cross in the slab, either "any grade" or "at grade".

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  • SilverEagles92SilverEagles92 Posts: 6,787 ✭
    Did you crack the coin from the NGC slab? If you didn't, I'd say you could return the coin, but since the results were not DNC, I'm going to assume you cracked the coin. In that case, there is no recourse. PCGS is being uber tough lately, and upon resubmission, this coin may slab.
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  • PlacidPlacid Posts: 11,299 ✭✭✭
    I would check dlrc's return policy and use it if you can.

    If not then look at it yourself when you get it and see if what the pcgs opinion is makes sence and if it does then you can either keep it or sell it or try to get ngc to buy it under their guarantee.
  • QuarterCollectorQuarterCollector Posts: 1,384 ✭


    << <i>Did you crack the coin from the NGC slab? If you didn't, I'd say you could return the coin, but since the results were not DNC, I'm going to assume you cracked the coin. In that case, there is no recourse. PCGS is being uber tough lately, and upon resubmission, this coin may slab. >>



    No I didnt crack out the coin. It's still in the NGC slab unless it was cracked out at PCGS.
  • mike92694mike92694 Posts: 1,068


    << <i>I purchased a 1925 SLQ graded MS65FH by NGC from David Lawrence auctions. I had the coin sent directly out to PCGS or a cross and was hoping to get at least a MS64FH. PCGS seems to be very tough with crosses ever since CAC hit the scene. I received my grade on Friday:
    Line # Item # Cert # PCGS No. CoinDate Denomination Variety Country Grade
    1 1 12173235 5752 1925 25C US Altered Surfaces


    What recourse if any do I have. I emailed both David Lawrence auctions and NGC but haven't heard anything yet. Does this happen often? >>



    I have that happen all the time from crossovers from NGC to PCGS. Usually it's artificial toning, but ...

  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    Well, it looks like no crossover grade was specified on the submission as PCGS did assign it a coin number and graded it as altered surfaces. It is no longer in the NGC Slab and therefore you will not be able to return it to DLRC.

    First Piece of Advice or better yet First Rule: If you buy an expensive coin and want to cross it over, always specify the coins current grade as the minimum grade. That way, you'll at least get your coin back in its original slab. Granted, a 1 point down grade may have been nice, 2 point a little bit tougher but an altered surfaces is a disaster!

    As it sits right now, you'll get a coin in a flip along with the NGC label and you'll either have to resubmit it to either NGC or PCGS and hope for the best.

    I'm actually a little surprised that you had the coin sent directly to PCGS without examining it in hand first!
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  • TomBTomB Posts: 21,957 ✭✭✭✭✭
    It has not been cracked out of its slab. It is still in the NGC slab. You have no recourse with NGC since this is simply an opinion given by PCGS and the opinion by PCGS has no more validity than the opinion by NGC. If DLRC accepts returns then they may accept this coin; if not, then you own an NGC-slabbed coin.
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  • mike92694mike92694 Posts: 1,068


    << <i>Well, it looks like no crossover grade was specified on the submission as PCGS did assign it a coin number and graded it as altered surfaces. It is no longer in the NGC Slab and therefore you will not be able to return it to DLRC.

    First Piece of Advice or better yet First Rule: If you buy an expensive coin and want to cross it over, always specify the coins current grade as the minimum grade. That way, you'll at least get your coin back in its original slab. Granted, a 1 point down grade may have been nice, 2 point a little bit tougher but an altered surfaces is a disaster!

    As it sits right now, you'll get a coin in a flip along with the NGC label and you'll either have to resubmit it to either NGC or PCGS and hope for the best.

    I'm actually a little surprised that you had the coin sent directly to PCGS without examining it in hand first! >>



    I disagree. Even on "Cross at any grades", I have had NGC coins rejected for cleaning and artifical/questionable color, and they were still in the NGC slabs when I received them from PCGS.

  • PerryHallPerryHall Posts: 46,675 ✭✭✭✭✭
    I have two questions:

    Is PCGS harder on coins submitted in NGC slabs than coins submitted raw?

    How can one be sure that NGC is wrong and PCGS is right?


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  • quickwingquickwing Posts: 1,155
    You seemed to have gotten what you bought-an NGC graded SLQ. I can only imagine that you thought it would be worth more as a PCGS graded coin OR maybe your preference is to only collect PCGS graded SLQ's. If that's the case, then of course you only buy PCGS and possibly pay up some.
    Did you discuss your desire to cross this before the purchase? Did the rep at the company feel the coin would cross no problem? No doubt it stinks to end up with a coin you now feel is a problem coin. Maybe DLRC will refund for any reason if you’re not pleased. Hope it works out for you.
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  • golfer72golfer72 Posts: 3,588
    From what I have read on these boards I would say you would have a good chance of resubmitting tp PCGS and getting it graded. Of course the fees could eat up a good chunk of the coins value. This all proves how arbitrary and inconsistent coin grading is. The grading companies are sure making money though.
  • 291fifth291fifth Posts: 24,568 ✭✭✭✭✭
    Hmmm. Playing the crossover game can be an expensive proposition.
    All glory is fleeting.
  • eagle7eagle7 Posts: 1,441
    Lots of missing information here. First, did you recieve the coin from DLRC and then have someone send it for you to PCGS? Or did you have DLRC send it directly to PCGS? At any rate, you say you had the coin sent to PCGS. We cannot help you without the whole story.
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  • lcoopielcoopie Posts: 8,873 ✭✭✭✭✭
    Do you have a picture of the coin?
    Do you like the coin?
    Why did you send it to PCGS hoping to get a lower grade, did you suspect it was not a 65?

    I think they have a good return policy, so call them if you want to return it.

    LCoopie = Les
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    TomB summed it up.... you paid for an opinion, you received it. Cheers, RickO

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