Bust Half PCGS 58 1823 broken 3 NOT broken, Ebay error ALERT

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mozin
mozin Posts: 8,755 ✭✭✭
in U.S. Coin Forum
&sspagenamI wrote to the seller the day this coin was listed 6 days ago explaining that this coin was definitely NOT the broken 3 variety. The easy diagnostic is that the broken 3 leans abruptly to the right, unlike on this coin. A broken 3 variety is worth almost three times as much as a regular 3 in PCGS 58 and the current bidding certainly looks at this coin as the broken 3. Some poor winner may never realize he does not own the coin as represented on the holder.

Don't know the seller but he never bothered to respond to my email so I assume he knows what he is selling.image


1823 NOT broken3
I collect Capped Bust series by variety in PCGS AU/MS grades.

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  • LeeG
    LeeG Posts: 12,162 ✭
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    Here you go:

    Broken 3 ???
  • Monstavet
    Monstavet Posts: 1,235 ✭✭
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    Assuming it is not tampered with, PCGS would protect the buyer of this coin with their guarantee, wouldn't they?
    Send Email or PM for free veterinary advice.
  • mozin
    mozin Posts: 8,755 ✭✭✭
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    LeeG,

    Thanks for the link.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • Purple73
    Purple73 Posts: 2,016 ✭
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    Ok, not a Broken 3.

    It's Holdered by PCGS with Broken 3 on the label. I ran the number and it comes back as Broken 3 AU.

    So PCGS holdered a coin that a isn't broken 3?

    PURPLE!
    Founder of The Circle of Crust™
    imageimage
  • mozin
    mozin Posts: 8,755 ✭✭✭
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    << <i>Ok, not a Broken 3.

    It's Holdered by PCGS with Broken 3 on the label. I ran the number and it comes back as Broken 3 AU.

    So PCGS holdered a coin that a isn't broken 3?

    PURPLE! >>

    Definitely.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • LeeG
    LeeG Posts: 12,162 ✭
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    image No problem Mozin! Just here to learn and help in any way I can!
  • Purple73
    Purple73 Posts: 2,016 ✭
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    So whats the real coin worth? Also, with those images how can you tell?
    Founder of The Circle of Crust™
    imageimage
  • mozin
    mozin Posts: 8,755 ✭✭✭
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    << <i>So whats the real coin worth? Also, with those images how can you tell? >>

    Real 1823 broken 3 as stated should be worth around $1,100-1,400.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • GAT
    GAT Posts: 3,146 ✭
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    Some people will buy a coin like this just to take advantage of PCGS's guarantee. They should have a system in place where coins like this could be reported. They could buy them off the auctions and save some money.
    USAF vet 1951-59
  • mozin
    mozin Posts: 8,755 ✭✭✭
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    Guess I was a little short on my price projection of up to $1,400 on this coin. It just closed for $1,579, just short of grey sheet MS63 money. Somebody is going to be a very unhappy camper when they find out this is not the broken 3 variety. What the heck, they only overpaid by around $1,200 for this common 1823.image
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • TomB
    TomB Posts: 23,192 ✭✭✭✭✭
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    It may be the case that the buyer won't actually notice the error in the label.

    As for the error and the PCGS guarantee, I believe this falls under the term of "mechanical error" and, as such, PCGS does not have to make the buyer whole. It is the responsibility of the original submitter to return the coin for an attribution correction. By the way, I haven't looked at the auction so I don't actually know that the coin is mislabeled from my own eyes.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • busco69
    busco69 Posts: 815 ✭✭
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    You mean to tell me that pcgs made a mistake.imageimageimage
    ''Coin collecting is the only hobby where you can spend all your money and still have some left''
  • LanLord
    LanLord Posts: 11,756 ✭✭✭✭✭
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    << <i>It may be the case that the buyer won't actually notice the error in the label.

    As for the error and the PCGS guarantee, I believe this falls under the term of "mechanical error" and, as such, PCGS does not have to make the buyer whole. It is the responsibility of the original submitter to return the coin for an attribution correction. By the way, I haven't looked at the auction so I don't actually know that the coin is mislabeled from my own eyes. >>



    While I'm not arguing TomB's information on "mechanical error", that really sucks, there is nothing mechanical about it. Someone determined it to be one type versus another; and with a large valuation difference. This should be something PCGS makes right financially.
  • mozin
    mozin Posts: 8,755 ✭✭✭
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    << <i>

    << <i>It may be the case that the buyer won't actually notice the error in the label.

    As for the error and the PCGS guarantee, I believe this falls under the term of "mechanical error" and, as such, PCGS does not have to make the buyer whole. It is the responsibility of the original submitter to return the coin for an attribution correction. By the way, I haven't looked at the auction so I don't actually know that the coin is mislabeled from my own eyes. >>



    While I'm not arguing TomB's information on "mechanical error", that really sucks, there is nothing mechanical about it. Someone determined it to be one type versus another; and with a large valuation difference. This should be something PCGS makes right financially. >>

    What about the seller who was informed a week ago, and given the information to EASILY determine the variety? He knew he was selling a mislabeled coin that was worth only about 25% of what a genuine variety is worth but decided to go ahead with the sale? To me this seller is the villain.image

    I collect Capped Bust series by variety in PCGS AU/MS grades.

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