What's the most overgraded coin you have ever SOLD?

MrEureka · February 24, 2006 6:05AM

Raw or slabbed.

Sure, you should be ashamed.

But this is your chance to brag!

Russ · February 24, 2006 6:21AM

Probably this one.

Russ, NCNE

fc · February 24, 2006 6:24AM

This coin is unacceptable for the grade of PR68DCAM. It has significant haze, as well as some spotting in the fields that I have to assume developed after it was holdered. The coin you see pictured is the actual coin you will receive.

IrishMike · February 24, 2006 6:26AM

Does it count if you told the buyer it was overgraded, but they wanted it because of the blue insert?

MikeJessie1 · February 24, 2006 6:35AM

If you can be that honest AND make a little (or a living) then GOD bless America. Russ, I admire the fact that you walk the walk. Would not hesitate to bid on anything you have!

Fairlaneman · February 24, 2006 6:55AM

Did not sell it but traded it right back to the same people that sold it to me. The thing was a real pig. No remorse at all.

Money wise I lost my a$$ but got a real nice SLQ in exchange. Hmmm.....maybe I did not lose my a$$.

If I sell a coin that I think is a Pig I call it a Pig. A couple have made decent money but they were still called pigs.

Ken

ziggy29 · February 24, 2006 6:57AM

<< Probably this one. >>

That this coin sold for that much money is yet more evidence that many registry set collectors care less about the quality of the coin than the number on the slab.

Russ · February 24, 2006 7:08AM

Well, despite the fact this it was a 99c no reserve auction and I was brutally honest about the coin, the bidder still decided he was entitled to a return privilege. I told him no, but he sent it back anyway so I refunded his money.

When I relisted it, it still sold for over $300.

I call this the "you have to be wrong because PCGS says differently" eBay syndrome. You can list a dog turd, but if it's in a PCGS slab somebody is still going to buy it, and usually for far more than it's worth.

Russ, NCNE

tjkillian · February 24, 2006 7:28AM

I had an 1869 indian cent I sent to PCGS. It was clearly an VF-30 coin. It came back in an AU-55 holder. Sold it on eBay to Jay Parino at "The Mint". He paid very strong money and left me a positive.

I said in the auction, "it looks overgraded to me, but who are you going to believe, me or PCGS?"

Tom

paigowjohnny · February 24, 2006 7:39AM

<< You can list a dog turd, but if it's in a PCGS slab somebody is still going to buy it, and usually for far more than it's worth. >>

HEYYYY!!!!! David Hall !!!! New registry set idea......

As long as that turd isn't AT....

Jcarney · February 24, 2006 7:43AM

Not overgraded but ugly as sin. I won a 1953 NGC MS65 Franklin on Teletrade 4 or 5 years ago for $40. It was darkly toned and just plain ugly. I traded it to a dealer at a local show. He pulled out his greysheet and offered me bid in trades, about $120 at the time. I couldn't believe it. Picked out a nice 1917 T1 SLQ in EF and an MS64 1913D T1 Buffalo. I still have both coins and he STILL had the Franklin in his case the last time I looked about six months ago.

BlindedByEgo · February 24, 2006 7:48AM

<< I had an 1869 indian cent I sent to PCGS. It was clearly an VF-30 coin. It came back in an AU-55 holder. Sold it on eBay to Jay Parino at "The Mint". He paid very strong money and left me a positive.

I said in the auction, "it looks overgraded to me, but who are you going to believe, me or PCGS?"

Tom >>

Truth in Advertising™

I'd be disgusted with both of you if i could stop laughing long enough to do so.

mgoodm3 · February 24, 2006 8:00AM

I haven't sold it yet.

Deadhorse · February 24, 2006 8:09AM

Probably a 90 CC Morgan that I submited to PCGS and figured on a good day it would get a 63, I would have settled for less. I didn't have that much in it.

Came back in a 65 holder and I promptly sold it to a brick and mortar dealer for Greysheet bid.

I smiled all the way home.

It was several years ago and PCGS has been making up for it with my submissions ever since.

D · February 24, 2006 8:58AM

1909 QE. Graded MS and obviously cleaned/AU.

-Daniel

Atlantic · February 24, 2006 9:19AM

<< If you can be that honest AND make a little (or a living) then GOD bless America. Russ, I admire the fact that you walk the walk. Would not hesitate to bid on anything you have! >>

I agree

majorbigtime · February 24, 2006 9:27AM

I dumped a 1901 S quarter NGC VG-08 at Long Beach 2 years ago--Jack Beymer said he would call it a G-06.

ModernDollarNut · February 24, 2006 9:49AM

I subbed a tube of Wide Rim SBAs, to PCGS, wrote "any grade" on the Sub Form, adding "some of the these are circulated and I still want them in your holders". They all came back in MS holders including one graded 63 which had wide and ungly swaths of circulation wear on all the high areas such that they all connected! The coin had few hits so it was otherwise attractive and it did take a little rotation to catch the wear.

Put it up on eBay on a bet with a friend (I bet it would sell): didn't say anything about the coin but the pic of the obverse showed perfectly the extensive surface wear on the device. Darn thing got almost Price Guide.

I contacted the buyer, explained this was an XF coin and offered to send him an honest MS63. He accepted.
Rob

ziggy29 · February 24, 2006 9:52AM

<< I dumped a 1901 S quarter NGC VG-08 at Long Beach 2 years ago--Jack Beymer said he would call it a G-06. >>

And he would, too, even if he sold it in the VG-8 slab.

roadrunner · February 24, 2006 12:59PM

My first serious pop 1 coin was an 1838-0 dime in NGC MS65. This goes back to 1989. Considering that PCGS graded it MS63 at the time, and NGC had graded it MS64 on the first time through, you could say that MS65 (the 3rd diff grade within 8 weeks) was a bit of an overgrade. The coin had 3 different values in that time frame:

$3500
$7500
$15000

I sold it for the $15,000. But today, it would probably be a decent MS65. In 15 years nothing has really changed all that much. 3 grades for the same coin...not all that unusual.

roadrunner

seanq · February 24, 2006 1:32PM

The first coin I ever submitted to any grading service was a 1972 DDO#3 I pulled from the cash register at the auto parts store where I worked. This was in 1990 or 1991. The coin had nice color nd even a little luster but it was obviously circulated... ANACS graded it MS64RD.

... and I thought to myself, "Man, this third party grading stuff is easy..."

Sean Reynolds

morgannut2 · February 24, 2006 1:52PM

An 1885CC with fugly toning from David Lawrence in NGC MS63. Dipped it and sent to PCGS and got an MS65pl--I could see 64 but apparently they allow more non-cheek marks in this date in CC. Next one an from action group lot as a PCGS MS67 - Washington Quarter with beautiful blue toning on 3/4 of obverse. Under 15 power, you could see a deep knife-cut across the entire portrait into the tone area, Dumped it at Heritage, when PCGS wanted a lot of money (to me) just to review it--

itsnotjustme · February 24, 2006 2:29PM

I bought a dozen 2001 CVC $5G Commems from the mint. These were low mintage and the value instantly doubled when sales ended. One had a ding in it, but I did not want to return it based on the value increase. I lamented on what to do.... I was getting the others graded, and sent this one in too expecting a 67 or 68. It returned MS69.

So I lamented more.... I would be unhappy buying that as an MS69 and getting a coin with a clear hit on it. So I took it to a coin show and sold it to a dealer, sight seen. I got $875... same as the nice MS69s.

I view the dealer being an expert and the sight seen as relieving me of the moral responsibility I would have felt to fully describe the hit if I listed it on the boards or e-bay.

Like my old car.... great Toyota Camry, served me well for 15 years and over 100,000 miles (Yes, low miles for 15 years). By this time the clutch started to slip, the brakes needed work, and the paint was bably oxidized. The KBB value for private sale was about $1,400. The needed repairs would have been near that, with the value after repair no higher. I took it to every dealer outside the base and asked what they would give offer for it. Most would not look even and made no offer. One asked to test drive it, then offered $800. I took it and ran. A few days later I saw it on his lot for $1,695 with shining wheel covers and some pin-stripes. Even later I saw it driving around town. I could not have sold it through a personal sale without disclosing known problems, but a dealer is an expert, and he offered me a low ball price.

What's the most overgraded coin you have ever SOLD?

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