What is your most embarrassing coin submission...
DoubleEagle59
Posts: 8,379 ✭✭✭✭✭
When you have received your coins back from a grading company, what is your most embarrassing result?
Mine fortunately does not involve a heavy financial loss, but nevertheless, I am embarrassed relating it to you, as you may wonder what kind of grading skills I have after reading this.
I submitted a 1957 Canadian Silver dollar thinking that it would go ms64 ($70.00) or possible ms65 ($900.00). When I received the grading results, on the form, I noticed a grade of VF-30 for this coin. I immediately thought "what kind of arse graded this coin as a VF??' Well, after I looked at the coin again, I then thought 'what kind of arse bought this coin in the first place??!!' That arse was me, and actually I figured out what happened. First of all, I looked at a million coins that day and obviously I was a little tired when I purchased this coin and secondly, I relied too much on the coin's surfaces (as they were very 'clean and mark-free') however, I forgot to look at the high spots (dumb) on the coin. When I did, I noticed the Queen's profile to be very well worn. It was at this moment I felt like a fool!!
Mine fortunately does not involve a heavy financial loss, but nevertheless, I am embarrassed relating it to you, as you may wonder what kind of grading skills I have after reading this.
I submitted a 1957 Canadian Silver dollar thinking that it would go ms64 ($70.00) or possible ms65 ($900.00). When I received the grading results, on the form, I noticed a grade of VF-30 for this coin. I immediately thought "what kind of arse graded this coin as a VF??' Well, after I looked at the coin again, I then thought 'what kind of arse bought this coin in the first place??!!' That arse was me, and actually I figured out what happened. First of all, I looked at a million coins that day and obviously I was a little tired when I purchased this coin and secondly, I relied too much on the coin's surfaces (as they were very 'clean and mark-free') however, I forgot to look at the high spots (dumb) on the coin. When I did, I noticed the Queen's profile to be very well worn. It was at this moment I felt like a fool!!
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Comments
Later, Paul.
Later, Paul.
Russ, NCNE
TC71
<< <i>I collect mainly Roosie dimes and I over the years have sent in 2 dimes that both graded AU58. I thought they would grade MS65 or higher.
Later, Paul. >>
Hey wait a minute
I gave up trying to grade them and sold all of my Roosies shortly after that!!
2 1 03384028 2433 1909-S 1C Lincoln US MS64RB
3 1 03384029 2454 1912-D 1C US MS61RB
4 1 03384030 2473 1914-D 1C US Not GenuineRD
5 1 03384031 2483 1915-S 1C US Environmental DamageBN
6 1 03384032 2494 1916-S 1C US Questionable ColorRD
7 1 03384033 2506 1918 1C US Questionable ColorRD
8 1 03384034 2512 1918-S 1C US CleanedRD
8 2 03384035 2512 1918-S 1C US CleanedRD
9 1 03384036 2515 1919 1C US CleanedRD
10 1 03384037 2518 1919-D 1C US Questionable ColorRD
11 1 03384038 2523 1920 1C US Questionable ColorRB
12 1 03384039 2527 1920-D 1C US CleanedRD
13 1 03384040 2537 1922-D 1C US AU55BN
14 1 03384041 2552 1924-D 1C US VF35BN
14 2 03384042 2554 1924-D 1C US Damage or ToolingRD
15 1 03384043 2615 1931-D 1C US XF45BN
15 2 03384044 2615 1931-D 1C US AU55BN
16 1 03384045 2671 1938-D 1C US
One of my first
Total Items: 19
That was embarassing.
``https://ebay.us/m/KxolR5
Upon resubmission it regrades as MS65 and becomes pop 1 finest graded. The coin is sold over the phone for $15,000. Now that felt pretty good. 3 diff grades within 2 months - same coin. It was a legit 64+ coin. But back then it only really mattered what the plastic said.
roadrunner
Stupid.
Cast Copy of course
All Lincoln varieties. Except for the proof all were pulled from circulation, so the cleaned and environmental damage were not shockers.
1 1 13811105 2449 1911-S 1C US CleanedRD
1 2 13811106 37670 1911-S/S 1C US VG08BN
2 1 13811107 2566 1925-S 1C US Environmental DamageRD
3 1 13811108 2581 1927-D 1C US Environmental DamageRD
4 1 13811109 2671 1938-D 1C US Altered SurfaceRD
5 1 13811110 37769 1938-S/S 1C US AU55BN
6 1 13811111 38183 1970-S 1C US PR64RD
Lincoln mint errors. As soon as I'm done unpacking, I'll get the 60D under a scope for a better look.
1 1 13462569 2866 1960-D 1C Large Date US Altered SurfaceRD
2 1 13462570 2705 1942-D 1C US XF40BN
David
<< <i>
<< <i>My first three or four submissions to PCGS all sucked. I used crappy flips and all the coins graded very low because they became covered in haze.
Russ, NCNE >>
You mean to tell me that PCGS doesn't take the coins out of the flips to grade them individually?? >>
How did you conclude that from what Russ posted?
And things are sooo different now
Liberty: Parent of Science & Industry
In another submission to PCGS, I submitted a 1942 Nickel 5c. It was Type 1 (non-silver composition) and I knew darn well it was Type 1, but for some reason I put Type 2 (silver-wartime composition) on the form. It came back PR 66 and Type 1, and I hope the graders didn't think I was pulling a fast one on them.
personally broke out of the plastic to put in my Nevada shaped CC holder. They sat there for 35 years before
I submitted for grading. I was very upset when they came back in BB's as altered surfaces. Now, they went
straight from the GSA holders to the NV holder and never touched again. No wiping, cleaning or other enhancement
including dipping/acetone. Nope, just from one holder to the other. Both are MS65's in my opinion. But, PCGS
does not agree with me. Maybe not embarrassing but very disappointing. At first I was really embarrassed and then
it was just upseting when I realized I didn't do anything I shouldn't have. Even GSA's were messed with! I
still do not see what they see under a 50x magnification. Back into the NV holder they went. I'll try again in
30 more years, or my grandkids will!
bob
If I had it my way, stupidity would be painful!
<< <i>I had purchased a raw choice unc rare date seated dime at auction for MS64 money for $6500. It came back MS64 the first time. I was sort of hoping for a 65 so I tried PCGS next and got a MS63! Not only was I embarrassed but I was looking at a $3000-$4000 loss. I tried offering the coin as a 63 and taking my lumps as I was in a tight cash position at the time. But no one would touch the coin at PQ 63 money. I was walking the LB bourse floor with it feeling like a dope. The only option was to send it back to NGC and hope it goes 64 again. For a month I held a MS63 coin that was potentially a $3000+ loss. I felt pretty bad.
Upon resubmission it regrades as MS65 and becomes pop 1 finest graded. The coin is sold over the phone for $15,000. Now that felt pretty good. 3 diff grades within 2 months - same coin. It was a legit 64+ coin. But back then it only really mattered what the plastic said. >>
Damn that story is a truely sad testimony to this hobby.
Line # Item # Cert # PCGS No. CoinDate Denomination Variety Country Grade
1 1 03462644 7134 1882-CC $1 US MS63
2 1 03462645 7096 1880 $1 US Cleaned
3 1 03462646 7118 1880-S $1 US MS62
4 1 03462647 7154 1884-O $1 US MS63
5 1 03462648 7240 1896 $1 US Cleaned
6 1 03462649 7296 1921 $1 Morgan US MS63
7 1 03462650 7360 1923 $1 US MS62
8 1 03462651 2425 1909 VDB 1C US Questionable ColorRD
<< <i>
<< <i>I had purchased a raw choice unc rare date seated dime at auction for MS64 money for $6500. It came back MS64 the first time. I was sort of hoping for a 65 so I tried PCGS next and got a MS63! Not only was I embarrassed but I was looking at a $3000-$4000 loss. I tried offering the coin as a 63 and taking my lumps as I was in a tight cash position at the time. But no one would touch the coin at PQ 63 money. I was walking the LB bourse floor with it feeling like a dope. The only option was to send it back to NGC and hope it goes 64 again. For a month I held a MS63 coin that was potentially a $3000+ loss. I felt pretty bad.
Upon resubmission it regrades as MS65 and becomes pop 1 finest graded. The coin is sold over the phone for $15,000. Now that felt pretty good. 3 diff grades within 2 months - same coin. It was a legit 64+ coin. But back then it only really mattered what the plastic said. >>
Damn that story is a truely sad testimony to this hobby. >>
I don't see why NGC overgrading should hurt the hobby as a whole. As long as people know NGC overgrades and they subtract 1-2 points when looking up values in PCGS' price guide, anyway.
just completed 3d tour to Iraq and retired after 28+ years in the US Army
<< <i>back when I was just starting out, I had a whole bunch of 1897-O, 1896-O, and 1884-S Morgans on consignment that I was sure were all MS61 and 62. Got 'em back from NGC--All AU58.
These probably would have been 61s and 62s if they had different mint marks (or no mint mark).
This is less likely to be an inability to grade than it is ignorance of the fact that the TPGs are way tighter on condition rarity Morgans.
I would certainly agree. It was one major reason why I sort I left the hobby behind for a while. I felt that game of upgrading and multiple grades offered no benefit to the hobby in general. Guess I was very disillusioned in 1989. First the grading problem was solved, and then it wasn't. Still isn't today.
I don't see why NGC overgrading should hurt the hobby as a whole. As long as people know NGC overgrades and they subtract 1-2 points when looking up values in PCGS' price guide, anyway.
The real grade of that coin was a very strong 64. In hindsight, I think PCGS graded it 63 due the deeper coloration and subdued luster. Had it been dipped, a certain 64 as it was very clean. The fact that in 3 trips to the TPG's this coin received 3 diff grades is a testimonial to the inconsistency of the grading.
roadrunner