1916-d Merc certified by PCGS as 1916
sweetwilliet
Posts: 2,315 ✭✭✭
I just got back a 1916-d mercury dime from PCGS. It was certified as good 6, but they certified it as a 1916 merc instead of a 1916-d. It was in an ANACS G4 1916-d holder, so it is a legitimate 1916-d. Does anyone find this interesting, is it "worth" more, less or no change than if it was in the correct holder, and would you send it in as a mechanical error for reholder or leave as is? Just wondering what others thought.
Listen. Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony.
Will’sProoflikes
Will’sProoflikes
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Comments
How many MS67 coins go in to MS65 or MS66 holders by accident?
How many MS64 coins go in to MS66 coins by accident?
It's easy to see the error when the mintmark is the problem, but how do you tell them about the error if they made a mistake printing the grade??
<< <i> is it "worth" more, less or no change than if it was in the correct holder, and would you send it in as a mechanical error for reholder or leave as is? >>
The coin will be FAR easier to sell for its full value if it is labeled correctly. Even if you plan to keep it, I'd strongly suggest sending it in under "mechanical error".
Will’sProoflikes
David
Is there any recourse? At this point, the coin is no longer in a legitimate TPG's holder authenticating it as a '16-D. Is there any record that this coin was submitted as an certified '16-D by a top-tier TPG?
Hopefully (and probably) this coin is unquestionably a legitimate '16-D and this will be corrected. But what if it's not? What would happen?
Will’sProoflikes
Cameron Kiefer
In their dreams.
Cameron Kiefer
If graders missed a whole mintmark, imagine what else could be overlooked.
<< <i>I actually thought the same thing, I did submit it in an ANACS holder, they also sent back the ANACS labels with all my coins. >>
You're covered. There is zero risk of you getting screwed on the deal. It will either be holdered correctly, or on the very remote chance that it did turn out to be altered PCGS would compensate you accordingly.
Russ, NCNE
Andrew
slabbing a 60 cent coin would be odd.
<< <i>Should we hold PCGS to a standard of perfection and then give ourselves a pass? >>
Of course not. As long as PCGS has taken appropriate safeguards and has the audit trail to know that the coin being returned labelled as 1916-P was submitted as an ANACS 1916-D, then reholdering as a 1916-D or eating the coin as a '16-D if they (unexpectedly) determined it a fake is good enough. After all, it was submitted as a crossover in ANACS plastic, and by cracking it out they presumably authenticated it as a '16-D.
Mistakes happen. At least from my perspective, the question was simply, what safeguards are there when these mistakes happen to ensure that the submitter doesn't get screwed? If what Russ says about the process is true, then there's no worries. As long as PCGS can go back and see it was sent to them as an ANACS '16-D, it's all good.
<< <i>You're covered. There is zero risk of you getting screwed on the deal. It will either be holdered correctly, or on the very remote chance that it did turn out to be altered PCGS would compensate you accordingly. >>
But what would the compensation be? Most likely the grading fee returned.