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PCGS Says Counterfeit But NGC & ANACS Have A Different Opinion

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789123TR's Avatar
United States
12 Posts
 Posted 11/04/2023  4:18 pm Show Profile   Bookmark this topic Add 789123TR to your friends list Get a Link to this Message Number of Subscribers
On June 26, 2023, I submitted (6) Lincoln cents to PCGS for grading. They graded all the coins counterfeit. Over the course of 20 years l purchased 3 coins from reputable coin dealers and found two coins in circulation. I find it hard to believe PCGS did an accurate assessment of my coins.

I've been collecting Lincoln cents for over 70 years. I am not an expert but I believe I can tell if a coin is counterfeit or if it has been altered or if the impressions on a coin were man-made, or if they are mint errors. Before I submitted the coins to PCGS I attempted to recreate the errors but they cannot be made without damaging the rim or changing the shape, thickness or weight. The coins I submitted to PCGS were 1974 D error, 1982-D unplated, 1983 D plating error, 1990 unplated, 1994 unplated and 1995D unplated. After receiving the counterfeit grad from PCGS I decided to spend the money to send the same coins to NGC and ANACS for grading

I decided to send the same coins for grading (3) to NCG, and (3) to ANACS.

NGC graded the 1974-D AU 58 BR, 1982-D mint error MS62 BR,1983-D AU details-bent BR.

ANACS graded the 1990 N9 not genuine, the 1994 N9 not genuine the 1995 D 58 struck on an unplated blank.

Is it possible that PCGS could make such a gross error in grading all of my coins as counterfeit? Or did they do a rush job, found one that was questionable and labeled the rest counterfeit.

This is not the first time I had a issue with PCGS. In 2006 I purchased a complete set of MS 69 Silver eagles from 1986 to 2006 all graded by PCGS from a dealer on ebay. He had a good reputation and the photos of the coins looked good as far as I could see from the online pictures. I paid $650. But when I inspected the coins the front and back were covered in a spray of white dots. It was as if someone spit on the coins. I attempted to return the coins to the seller but he insisted they were as described a set of MS69 silver eagles. I called PCGS and asked how could they give an MS69 grade to the coins when the aesthetic look was ruined with white dots visible to the naked eye. Eye appeal is by far the most important characteristic of a coin. I relied on PCGS to verify the grade of the coins.
PCGS response was too bad, if you don't like the coins you shouldn't have purchased them. PCGS stands by their grade and he hung up. I used ebay return policy and received a refund from the seller.

Will PCGS give me a refund of the $250 I paid from them. It may seem foolish to spend the extra money to have NGC and ANACS grade the same coins. But based on the results I feel it was well worth the time and money I paid to have (4) genuine coins that PCGS labeled as counterfeit.

Can you really trust coin grading services or is coin grading subjective and all this hullabaloo about coin grading just a bunch of malarkey


Tony

PCGS-Says-Counterfeit-But-NGC-&-ANACS-Have-A-Different-Opinion
PCGS-Says-Counterfeit-But-NGC-&-ANACS-Have-A-Different-Opinion
PCGS-Says-Counterfeit-But-NGC-&-ANACS-Have-A-Different-Opinion
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jbuck's Avatar
United States
187446 Posts
 Posted 11/04/2023  5:41 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Your reply was split into its own topic for the proper attention.

Reference Topic: http://goccf.com/t/65393
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Coinfrog's Avatar
United States
94367 Posts
 Posted 11/04/2023  5:59 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Fascinating story. Don't have the knowledge to get into the weeds, but I'm anxious to hear more. All six marked "counterfeit" by PCGS seems difficult to comprehend.

Having said that, 3 of the 5 images you've posted are of the same coin.
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jbuck's Avatar
United States
187446 Posts
 Posted 11/04/2023  6:04 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Having said that, 3 of the 5 images you've posted are of the same coin.
Fixed.
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kbbpll's Avatar
United States
4233 Posts
 Posted 11/04/2023  7:56 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
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United States
117 Posts
 Posted 11/10/2023  5:04 pm  Show Profile   Bookmark this reply Add SlickCoin to your friends list Get a Link to this Reply
My story is just to say I do think so, I kinda think they have a bunch of kids working there in this multi-million dollar company.

2020 W quarters exceptional quality, just I'm a slacker and waited two years before grading mine :) for I was am still on a mission.

Decided is go to long beach to the show, waited in line with my soon to be submitting, somehow I grabbed a normal submission paperwork lol US coins,, well yeah because the do a discount grading services also, just I was set on walkthrough, let's just say they charged me double for the walkthrough and gave me the discounted show standard.

I got my grades and they are all graded under to the point where it is laughable, just it isn't or at least I want to laugh at myself first.

Collected my coins knowing something was a huge miss and left, contacted support who confirmed to me I got show standard Knowing I paid double,,, they offered me nothing.

So yes I think it's possible
Sorry for your experiences
Thanks for sharing and I hope all are having a great day
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