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Ouch!! One for PCGS to Buy Back?

CoppercolorCoppercolor Posts: 1,475 ✭✭✭
in U.S. Coin Forum
1914S PCGS 64RD Lincoln

Just can't imagine this is what it looked like when it was graded. Either way it looks to me like this coin needs to be snatched out of the market and buried!
I'd like my copper well done please!

Comments

  • llafoellafoe Posts: 7,220 ✭✭
    I can't believe Teletrade would accept that to auction!

    image
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  • BaseballAbsBaseballAbs Posts: 2,621 ✭
    Do you guys own or work for Teletrade?image
    Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
  • BaseballAbsBaseballAbs Posts: 2,621 ✭
    Got you back Larissa image
    Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
  • SNMANSNMAN Posts: 1,414 ✭✭✭
    I do not think copper is guarantee anymore, they stopped guaranteeing copper a few years back ..................I thinkimage
  • illini420illini420 Posts: 11,467 ✭✭✭✭✭
    Could be a mechanical error as well???

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • llafoellafoe Posts: 7,220 ✭✭


    << <i>Got you back Larissa image >>



    Careful... Larissa is my 11-year-old daughter!
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  • BaseballAbsBaseballAbs Posts: 2,621 ✭
    OK LLafoe. I still got ya back!
    Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
  • rainbowroosierainbowroosie Posts: 4,875 ✭✭✭✭
    Whatever, that coin is UGLY.
    "You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68."
    rainbowroosie April 1, 2003
  • llafoellafoe Posts: 7,220 ✭✭


    << <i>OK LLafoe. I still got ya back! >>



    It's not a biggee... btw, I'm Larry.

    I'm just amazed that Heritage, Teletrade, Stacks, Bowers, etc., don't/wouldn't screen the lots they accept to auction. If I were an auctioneer, I'd be aware of my reputation... but since I'm not, I don't care about my reputation! image
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  • BaseballAbsBaseballAbs Posts: 2,621 ✭
    Is that any different than the Southgate link i posted?
    Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
  • BaseballAbsBaseballAbs Posts: 2,621 ✭
    And I totally agree!
    Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
  • GoldbullyGoldbully Posts: 17,982 ✭✭✭✭✭
    Nearly Gem. Red. Well struck. Pleasing surfaces. Toned
    image
  • ArizonaJackArizonaJack Posts: 4,029 ✭✭✭
    Smelletrade.
    " YOU SUCK " Awarded 5/18/08
  • itsnotjustmeitsnotjustme Posts: 8,779 ✭✭✭
    sToned. Yeah, just a little sToning.
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
  • RampageRampage Posts: 9,512 ✭✭✭✭✭


    << <i>Nearly Gem. Red. Well struck. Pleasing surfaces. Toned
    image >>


    Teletrade should be more careful with those "canned" descriptions or at least get cataloggers that know what they are talking about.


  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>Smelletrade. >>



    Mr Positive, right there.

    Teletrade isn't a cesspool. There are good coins there and not so good. Just like ebay. Just like MANY DEALERS.

    If that was submitted to TT as a consignment, then I don't see why they wouldn't list it. If it is theirs, different story. At least they have pictures up and you can see and make your own call.

    Now, PCGS did remove their color designation guarantee. So, the RD wouldn't matter since this is obviously being sold POST their cutoff for color designation guarantee. However, if the grade isn't there, then it could likely be submitted under the grade guarantee.....how much is a 1914s PCGS MS64 worth, for just the grade? That's likely the only guarantee on it.

    I would say it is improper storage that caused the issue.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • llafoellafoe Posts: 7,220 ✭✭


    << <i>Is that any different than the Southgate link i posted? >>



    To me it is... Southgate buys and sells their coins, carrying the full fiscal responsibility. Auction houses "borrow" the coins they auction and make money off of other peoples possessions - there is no or substantially less financial risk... their business model is there ability to draw qualified buyers. If your offerings are substandard, you'll lose clients. If you're a sole proprietor, you may have to buy a collection with dreck and widgets that you have to sell with better coins. You have less options as a sole proprietor... but that's just my two cent piece! image
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  • PawPaulPawPaul Posts: 5,845 ✭
    .......Thats what happens when someone uses a cleaner like C.L.R - the penny looks like a million dollars for a couple of weeks -then turns bad ; real bad
  • robkoolrobkool Posts: 5,934 ✭✭✭✭✭
    UNBELIEVABLE !!! I got nicer cents that are in genuine holders, but this one... image
    Ebay items for sale Current BIN's / The Kingdom Collection
  • BaseballAbsBaseballAbs Posts: 2,621 ✭
    I guess i see your point Frank, I will try to only slam Auction houses image
    Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
  • llafoellafoe Posts: 7,220 ✭✭


    << <i>I guess i see your point Frank, I will try to only slam Auction houses image >>



    Don't confuse me with Frank! image
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  • BaseballAbsBaseballAbs Posts: 2,621 ✭
    Crap, Sorry Larry!
    Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
  • BAJJERFANBAJJERFAN Posts: 31,399 ✭✭✭✭✭


    << <i>Nearly Gem. Red. Well struck. Pleasing surfaces. Toned
    image >>



    See. Now that warn't so hard was it?image
    theknowitalltroll;
  • BAJJERFANBAJJERFAN Posts: 31,399 ✭✭✭✭✭


    << <i>I can't believe Teletrade would accept that to auction! >>



    Hardly the ugliest one they have ever accepted.
    theknowitalltroll;
  • GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭
    The reverse is sort of ugly and the obverse is REALLY UGLY!

    Ed
  • FrankcoinsFrankcoins Posts: 4,572 ✭✭✭
    The certified coin market is based on the grade on the slab. Auctioneers are selling based on that. Imagine how a consignor would react if an auction house claimed his coins were lower than the slabbed grade? Or how would the buyer react if coins were puffed as HIGHER than the slabbed grade? Authorized PCGS dealers (and Teletrade is one) agree not to disparage PCGS grading. That's just how it is. Use your eyes and avoid coins that you find ugly.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • BigEBigE Posts: 6,949 ✭✭✭
    Maybe a lincoln cent orphanage will bid on it------BigE
    I'm glad I am a Tree
  • leothelyonleothelyon Posts: 8,492 ✭✭✭✭✭
    It seems like this is the kind of stuff that hurts PCGS if they have to buy back and what drives up their fees. Not that increasing fees helps recover those loses but just who ultimately ends up paying for these mistakes. Are there low-lifes out there ruining coins, sticking it to collectors and the grading services?

    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • keetskeets Posts: 25,351 ✭✭✭✭✭
    PCGS did remove their color designation guarantee.

    if i'm not mistaken, that isn't entirely true. i thought that the guarantee was still in effect for coins owned by a collector prior to the cut-off date, but the same coin sold after that date loses the guarantee.
  • InternetJunkyInternetJunky Posts: 2,329 ✭


    << <i> PCGS did remove their color designation guarantee.

    if i'm not mistaken, that isn't entirely true. i thought that the guarantee was still in effect for coins owned by a collector prior to the cut-off date, but the same coin sold after that date loses the guarantee. >>



    That was also the impression I've been under since it went into effect. Maybe this particular coin was slabbed after the cut off date?
  • lkeigwinlkeigwin Posts: 16,893 ✭✭✭✭✭
    That's a shame. The '14-S was, at one point many years ago, considered rarer and more valuable than the S-VDB.

    The coin needs to go back to PCGS not for the color guarantee (keets is correct) but for the grade.
    Lance.
    Coin Photography Services / Everyman Registry set / BHNC #213
  • PerryHallPerryHall Posts: 46,891 ✭✭✭✭✭
    What are the chances someone that needs this date for their registry set will buy this for a cheap price?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • tahoe98tahoe98 Posts: 11,388 ✭✭✭

    ...the only way to know for sure would be if there was a photo on file when it was slabbed. like NGC does. image
    "government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Whatever, that coin is UGLY. >>



    How so based on TT's description Nearly Gem. Red. Well struck. Pleasing surfaces. Toned. image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • airplanenutairplanenut Posts: 22,404 ✭✭✭✭✭


    << <i>The certified coin market is based on the grade on the slab. Auctioneers are selling based on that. Imagine how a consignor would react if an auction house claimed his coins were lower than the slabbed grade? >>

    I've sold a few PR70DCAMs recently that all had some level of light haze or microspotting visible to the naked eye. The prices didn't seem to reflect that I mentioned the coins had those issues, but I slept better knowing that each was accurately described. It's better for consignors when bidders know a seller is honest and has reliable descriptions; bidders know that when you don't dance around or gloss over problems.
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • Coins911Coins911 Posts: 538
    Don't kid yourself PCGS does want junk like that in there holders. I bet they'd buy that buy but they'd low ball you in the process
  • scottgardenerscottgardener Posts: 1,205 ✭
    This is why collectors should never buy sight-unseen.
    Improperly Cleaned, Our passion for numismatics is Genuine! Now featuring correct spelling.
  • renomedphysrenomedphys Posts: 3,832 ✭✭✭✭✭


    << <i>The certified coin market is based on the grade on the slab. Auctioneers are selling based on that. Imagine how a consignor would react if an auction house claimed his coins were lower than the slabbed grade? >>


    You mean like Stacks does (did?) with Large Cents?



    << <i>What are the chances someone that needs this date for their registry set will buy this for a cheap price? >>


    As has been pointed out many times, sometimes cheap isn't cheap enough! Any self respecting collector would turn a sour eye every time that coin got looked at.

    Empty Nest Collection

  • SamByrdSamByrd Posts: 3,131 ✭✭✭✭
    My take on this is we can not see how the coin really looks. TT has really bad images at times. I would need to see a good image before I can say the coin is a lemon. It may be a lot different in hand.
  • PerryHallPerryHall Posts: 46,891 ✭✭✭✭✭


    << <i>My take on this is we can not see how the coin really looks. TT has really bad images at times. I would need to see a good image before I can say the coin is a lemon. It may be a lot different in hand. >>



    I think we can see enough to know that this coin is not a desirable specimen for the grade.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • gripgrip Posts: 9,962 ✭✭✭✭✭


    << <i>

    << <i>My take on this is we can not see how the coin really looks. TT has really bad images at times. I would need to see a good image before I can say the coin is a lemon. It may be a lot different in hand. >>



    I think we can see enough to know that this coin is not a desirable specimen for the grade. >>



    PCGS should pull it.
  • BigRickBigRick Posts: 1,334
    What a disgrace that they let that go to auction! image
    My Sets

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