Would you buy a PCGS coin that when verified, "not available for display"?
davewesen
Posts: 6,220 ✭✭✭✭✭
Every once in awhile I see a coin at auction I am interested in but when checking cert number get ->That Cert is not available for display.
I realize there could be many reasons for this, but is it an automatic pass? or how deep a discount would you bid?
The reasons I have heard include - counterfeit copies reported, reported stolen, error in PCGS entry, mechanical error, ....?
I realize there could be many reasons for this, but is it an automatic pass? or how deep a discount would you bid?
The reasons I have heard include - counterfeit copies reported, reported stolen, error in PCGS entry, mechanical error, ....?
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https://www.ngccoin.com/registry/competitive-sets/16292/
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I bid as much as I felt like 'eating' if the lot turned out to be 'stolen' or something ($50)
I won the lot on the Saturday internet auction
and emailed info@pcgs.com on Monday asking about the certs and attached pics showing slabs (from auction)
I got no reply and repeated the email on Thursday
The coin auction purchases arrived and I looked closely at the slabs - they looked fine and closely graded - slabs all scuffed up and dirty like they had been around
included was a Omaha Bank Hoard dime and a lower graded SMS CAM
The following Tuesday I called customer servvice and after about 10 minutes on hold, when I was just about ready to hang-up, I got a customer service rep
I explained the situation and gave the cert numbers - and they knew what was on the slab, even though the 'cert not available for display'
they asked if I could email pics and I said I already did twice last week and asked whats up with their email info address - they said they have been busy
after finding the email they said they would needed to check some things out and get back to me in next couple days
I received an email the next day, explaining a grader needed to see them and outlined procedures to submit as a 'mechanical error'
Basically no cost to me and refund on my postage even
off they went - I told them not to worry about the postage refund, as I valued them at $100 and sent first class for a couple bucks.
A week later they showed up as graded and yesterday back into my hands
The grades were the same and in new slabs
I still do not know what the circumstances for the 'mechanical error' are - the coins around the cert number (from same submission) were all good
and now I see the dime had sold on Heritage about 8 years ago for $12 (including buyers premium)
so less than a month and got cert numbers fixed and new slabs
I would have never risked this on high valued coins and calling customer service before auction on a weekend does not seem feasible
Well done PCGS for fixing the cert ?mechanical error? on those 2 coins.
Check out my iPhone app SlabReader!
-Paul