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 Replies: 48 / Views: 4,732 |
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Pillar of the Community
 United States
1949 Posts |
I agree with the above, my first couple of PCGS submissons I had the experiences, a few coins I thought were gems came back as details, once you have enough to compare in hand to, you begin to hone your grading skills pretty well, Trout could not have put it better, it's an expensive lesson, but it will make you a far better grader in the grand scheme of things, just think someday in the future because of this rather expensive lesson, you will have improved your grading skills to a point where you could cherrypick an undergraded coin and make back your $400 loss when you get it reslabbed!
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Pillar of the Community
United States
6370 Posts |
I was hoping for the best for you; I really was. The result dumfounded me. I knew the marks on the obverse were going to keep it out of MS-66/67 territory, but damaged - that was a complete surprise. Sorry for your loss, but it is an invaluable lesson you will learn and strive to overcome to prevent something like this from ever happening ever again. Personally, I think spending big bucks to get the top-pop coins is rather overrated and should only be dabbled with when you know exactly what you are doing. Not trying to be critical here, but I am an older YN than you are who can speak from experience (or the lack thereof) that grading is a highly-finicky business that I still have yet much to learn about, even though I think I can do it with relative accurateness compared with a couple years ago. Numismatics is a journey of constant learning, and we can only learn from our mistakes.
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Pillar of the Community
United States
5832 Posts |
I agree with all the comments so far, you may want to talk to the local dealer about their grading practice, and see if they can at least give you something back in return. A far shot, but you may never know, it is better to keep a customer happy than one spreading your experience in coin discussion sites.
Edited by macmercury
04/19/2014 12:11 am
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Pillar of the Community
 United States
1531 Posts |
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Pillar of the Community
United States
1531 Posts |
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Pillar of the Community
United States
595 Posts |
Trade dollars seem to be tricky. I have had two of them come back as details. One because of a rim ding, and the other as MS details and cleaned. The MS details one was completely covered with bag marks and little hits, so I was expecting MS-60 or 61. I have no idea how they saw cleaning. Sometimes this happens. All that being said, Trade dollars are one of my favorites. Thankfully yours is real (there are a lot of fakes of them out there) and I hope that you didn't lose too badly on it. Post a picture when you get it back.
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Pillar of the Community
United States
1531 Posts |
Will do, Susuman. There was one rim ding and that's about it. A coin with good eye appeal. Worth $200 without the details grade. "Damage may include excessive or heavy rim dings and bruises, deliberate surface damage such as graffiti, attempts to remove spots, etc." -PCGS Definitely did not have excessive nor heavy rim dings and bruises.   |
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Pillar of the Community
United States
9792 Posts |
I did call for a details grade in your first thread on this coin, I'm still inclined to think this coin was thumbed. (Finger wiped to make skin oils hide marks on the cheek) primarily done on Morgan dollars. Let us know what the code # is on the slab when you get it back. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
1531 Posts |
westcoin, I posted a link to the cert above.
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Pillar of the Community
United States
4337 Posts |
The cert number says MS63 for the morgan. Not damaged. But it's still only $60 coin so not worth the $400
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Pillar of the Community
Canada
5417 Posts |
Fortunately, the coin is MS-63 and not damaged, otherwise it would be worth basically $30. Although, a good lesson learned. If you can, take it back to the dealer, show them certification as a 63 and say they sold it to you as a High 65/Low 66. Perhaps she will take it back for a refund (I doubt it though).
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Pillar of the Community
United States
9792 Posts |
Quote:
westcoin, I posted a link to the cert above. Sorry I had missed that. I agree you should take the coin back to the dealer you purchased it from, if they don't offer some sort of refund at least see if they are a PNG or ANA member dealer. There are recourses for customers to lodge a complaint against a dealer, look into that - once getting a national organization involved where they are members can move mountains for you. Hope you at least get some sort of refund on the coin, as there was no way this coin could have been called a higher grade than MS64 in my opinion. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Bedrock of the Community
13014 Posts |
I doubt the ANA or PNG would get involved either way. Throwing their weight around for overselling a coin would make a significant percentage of the membership very uncomfortable. The biggest lesson here that hopefully other people can learn from is never buy coins over a huge value jump raw especially ms coins. Theres a reason why they arent already slabbed if theyre being sold on the higher side of the jump when the slab would make them 100 times easier to sell. I do hope you can return it or get store credit for it, but considering the bill of goods they already sold you I'm not very optimistic. |
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Valued Member
United States
416 Posts |
I would not crack out the Trade dollar. You have already spent the money for the grading and it is labeled genuine. True it is a small consolation, but at least it's not fake. |
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Moderator
 United States
16679 Posts |
Gain more experience and learn from this one.
It all comes in time.
swcoin.ecrater.com
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Replies: 48 / Views: 4,732 |
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Posted 04/18/2014 10:18 pm
