First PCGS submission results
kuwegg57
Posts: 107 ✭✭✭
Back in the early 1990's I restarted coin collecting again. I purchased some coins from Paul S. Inc from Richmond VA. Lots of ads in the coin magazines and prices were to good to pass up on. (Remember I was an uneducated newby). I got the grades today with other coins. All were purchased as BU.
1911 S 1c ........................................................................Genuine UNC Details Cleaned
1938 D 5c Buffalo............................................................MS66
1928 $1 Peace...............................................................AU58
1917 25c type 1................................................................AU55 FH
Part of a set of 3 $10 Liberty
1882 ...................................................................................MS61
1905 S.................................................................................AU58
1903 S.................................................................................Genuine UNC Details Cleaned
And the kicker (purchased for about $800 back then)
1928 50c Hawaiian..............................................................Counterfeit!!!!!!!!!!!
Comments
Terrible. It’s things like this that give dealers a bad name. But I’m sure there are some that will defend it and say it’s the buyers fault for not knowing.
This was pretty common before the advent of slabs. I remember seeing many overgraded and cleaned raw coins for sale as problem-free at the Westchester shows in the 1990s. In particular, nice AUs were sold as choice BU because many of us collectors could not properly evaluate these coins for ourselves. It is a fact that mistakes like this ultimately provided collectors with a costly but essential education.
Commems and Early Type
That sucks!
How is a 1928 a Morgan????
Wow....The TPG service was in it's infancy and not well regarded by many at that time... Actually, most collectors had not even heard or considered slabbing then (early '90's).....And your experience demonstrates the value imparted by these services for inexperienced collectors. Cheers, RickO
Peace
Ouch
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
Not surprised. Par for the course for mail order raw coins.
That gives A dealer a bad name. I'm sure you're right and, like cops, everyone gets a little tainted by one bad apple. But that's not really fair or accurate. There are a lot of dealers that have saved newbies from making similar mistakes.
All comments reflect the opinion of the author, even when irrefutably accurate.
It’s a painful learning curve for sure. I remember when I first started to re-enter collecting around 1999/2000 and I bought 10 BU Morgans and I sent them to be slabbed (I was also new to slabbing). All of them were AU.
My mistakes got fewer as I got more experience with what I was looking at. Wish I could say I don’t make mistakes now...
There are some great dealers out there and some that are worse than used car salesmen. Usually the ones who are out to rip you will be all smarmy and use all the standard sales tactics. The ones who ask you good questions and listen are the ones worth doing business with.
This is your education - like it or not.
WS
Yep, how unfortunate? Sorry. Sometimes this ole "Hobby of Kings" can also be a "school of hard knocks ".
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.As the late Dan Fogelberg sang "...lessons learned are like bridges burned. You only need to cross them but once."
I started in the sixties. Got burned out in the seventies. Enlisted and served in the eighties. Got back in the late nineties. I think one of my first submissions was a Cheerios Sacajawea Dollar. Even burned more in the new millennium than any other decade. Bought a shop at the end of the first decade. Moved this year.
Now am inundated with calls for "W mint quarters". I'm in the "OMG" stage of life.
``https://ebay.us/m/KxolR5
I still miss on occasion as well, so don't take it too hard!
Do you have any photos (have TV's done?) for the coins that underperformed? Could be educational for everyone, sorry that the results were not as you hoped and expected.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I remember the outfit.
Every once in a while they would surprise with a stunning piece.
I submitted a 1902 Indian Cent several years ago for a customer that was purchased from them.
It graded 66RD and actually looked nicer!
It was stunning.
He paid $40 for it.
Also in that group was a 1907-D $5 that went 64.
That coin cost $135.
If you knew what you were doing, you may have found a few decent ones with the sliders and other stuff.