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Excellent news: PCGS refused to cross my coin...
RYK
Posts: 35,800 ✭✭✭✭✭
and did me a great service by doing so.
I submitted an expensive, pedigreed coin in an older NGC holder, pedigreed to one of the great collections, for crossover (at a lower grade). The service was taking much longer than expected, and I made several inquiries. Eventually, someone from PCGS phoned me to tell me that they could not independently verify the pedigree and therefore could not include the provenance on the PCGS insert label. No doubt the coin was submitted with an auction flip at NGC.
They said that if I wished, they would cross the coin, but without including the pedigree information. Since this is important to me, I declined.
Despite that I am a bit disappointed that one of my favorite coins will remain in the NGC holder, I am glad to see that PCGS does independently verify the pedigrees on their slabbed coins.
I submitted an expensive, pedigreed coin in an older NGC holder, pedigreed to one of the great collections, for crossover (at a lower grade). The service was taking much longer than expected, and I made several inquiries. Eventually, someone from PCGS phoned me to tell me that they could not independently verify the pedigree and therefore could not include the provenance on the PCGS insert label. No doubt the coin was submitted with an auction flip at NGC.
They said that if I wished, they would cross the coin, but without including the pedigree information. Since this is important to me, I declined.
Despite that I am a bit disappointed that one of my favorite coins will remain in the NGC holder, I am glad to see that PCGS does independently verify the pedigrees on their slabbed coins.
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<< <i>I am glad to see that PCGS does independently verify the pedigrees on their slabbed coins.
I agree with you on this wholeheartedly.
Glad to see they didn't remove it without asking!
My #1 Low Ball Peace Dollar Set
there should be a way to attach their grade
to your ngc slab
as you did pay for grading.
?
If you want to cross it, then do the research yourself, find the catalog and if the photo is good enough I think that will work. Saintguru did that for one of his saints I remember. But I don't remember the details of how he documented the provenance well ennough to get it on the label.
--Jerry
I provided "pedigree" info for a raw coin once just to help them feel secure that it was genuine - it had already come back once as "no decision" - - -
they put "ANR Denver 2006" on the slab as a "pedigree".
The name is LEE!
<< <i>
<< <i>I am glad to see that PCGS does independently verify the pedigrees on their slabbed coins.
I agree with you on this wholeheartedly. >>
I do too. It's comforting.
<< <i>they put "ANR Denver 2006" on the slab as a "pedigree". >>
Wow. I guess I need to redefine "pedigrees" for my collection!
Neither did I.
I do not believe that there is photographic evidence that will confirm the pedigree. I have the appropriate catalog, and the photo and description are equivocal. To preserve the coin's identity, in this case it's best to keep the coin in the NGC holder.
<< <i> I am glad to see that PCGS does independently verify the pedigrees on their slabbed coins.
Well, they proabably do not want a repeat of the "Norweb Hibernia" debacle.
<< <i>Many Eliasberg coins were not photographed. Is PCGS going to refuse to cross an Eliasberg coin in an NGC holder just because the coin isn't shown in the catalog? >>
My guess is that this is the case. It's probably the safest thing to do.
<< <i>
<< <i>Many Eliasberg coins were not photographed. Is PCGS going to refuse to cross an Eliasberg coin in an NGC holder just because the coin isn't shown in the catalog? >>
My guess is that this is the case. It's probably the safest thing to do. >>
Yes, I agree. I don't think PCGS should simply rely on what is written on another holder without verifiable proof.
<< <i>while i don't have any way of knowing that you paid a premium for the pedigree, doesn't it concern you that the pedigree is now doubtful?? >>
I know that NGC has a similar process. It is likely the coin was originally submitted with an auction flip or receipt (or other documentation) to verify the pedigree. When the ownership of the coin is transferred from party to party, these things rarely do.
In short, I am not concerned (and paid little or no premium anyway).
also, how often do you think this sort of thing happens or has happened in the past?? i know i've seen quite a few of the old Bowers/Merena envelopes and others from auctions which predated the quality of photographic evidence we now take for granted. since most auctions now have high quality pictures it probably won't happen often if at all anymore.
<< <i>how will you represent the coin if/when you choose to sell it assuming that you're unsuccessful in establishing the Provenance beyond a reasonable doubt??
also, how often do you think this sort of thing happens or has happened in the past?? i know i've seen quite a few of the old Bowers/Merena envelopes and others from auctions which predated the quality of photographic evidence we now take for granted. since most auctions now have high quality pictures it probably won't happen often if at all anymore. >>
When the coin was sold to me, the dealer provided this same disclosure. If I ever sell it, I will probably resell it to the same dealer.
If I die before selling it, I have instructed my wife to take it to the coin shop where you work and to expect to get melt for it.
JK
<< <i>to dispel any false impressions, i no longer work in a coin shop. >>
Darn! We can no longer gig you on that.