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 Replies: 162 / Views: 10,647 |
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Pillar of the Community
 United States
6526 Posts |
I would love to see the coin.  |
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Pillar of the Community
 United States
4589 Posts |
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
United States
19134 Posts |
Interesting situation. And yes, I'd love to see a few photos. Thanks.
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Pillar of the Community
United States
5177 Posts |
Quote:I sent in a raw coin Trade dollar for auction and the auction house sent it to pcgs and it came back as proof and it was then sent to cac and verified, and then it was sold in the auction. So, your coin was accepted as "genuine" at the least. Quote:
6 months later my sale was reversed and now I owe the auction house. . This sounds fishy. I took someone 6 months to notice this? I call shenanigans. You ow the auction house nothing. Your coin was accepted as genuine. Case closed. Quote:
The auction house said pcgs and cac graded the coin incorrectly, there was a weak mint mark they both missed. it is back at pcgs for correction. In short, this is a dispute between the auction house and the 3rd party grading companies. Let them figure it out. Quote:
how do 2 professional companies make the same mistake? what is the usual procedure with auctions if a coin is sold and then found to be graded ncorrectly? Mistakes happen. That's why 3rd party grading companies say the grade is an "opinion". |
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Bedrock of the Community
United States
94367 Posts |
Simple clarification please - so PCGS initially described this as a Philadelphia proof coin, but then changed the description to a branch mint Uncirculatd coin - is that right?  |
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Pillar of the Community
United States
2281 Posts |
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Pillar of the Community
United States
4233 Posts |
I'm starting to think that this was a wild goose chase.
Edited by kbbpll
03/15/2024 01:00 am
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Valued Member
 Canada
191 Posts |
deliberately being vague until I see what the auction house does. I can't take back a coin that has sold if I don't like the price it sold for. similarly, the auction house shouldnt be able to take back the money the coin sold for from me if it passed whatever tests the auction house required to list it and sell it. can you imagine if they could do this, you might wonder if 6 months after you sell a coin whether you actually sold it at all and be on the line for what you got for it. oh, I checked again and it wasnt that I was never informed about this until 6 months later , it was actually 9 months later.
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Pillar of the Community
United States
4233 Posts |
What does deliberately being vague do for you on here? This is useless without pictures, knowing the year and mint, what it graded before and after.
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Valued Member
Canada
191 Posts |
why is it useless without pictures. pictures are irrelevent to the situation and serve only to appease curiosity and ones own ego to try to see if they could have identified the mint mark. to what end? and I'm vague because I want to see what the auction house does before I post pics of the coin, since it will identify them. there is a serious issue at play here, and not just pertaining to my coin.
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Valued Member
Canada
191 Posts |
Coinfrog>> all they said was that thre was a weak S mint mark which was missed by the grading service and that they are correcting it now
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Bedrock of the Community
United States
10982 Posts |
recollector: Please realize the auction house has no legal recourse against you.
You hold all the cards and have done nothing wrong. Do not give them a penny regardless of what action they take, or attempt to take.
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Pillar of the Community
United States
6483 Posts |
This seems like a slam dunk for a knowledgeable lawyer. It's a real headache, and for that you have my sympathy.
It will be interesting to see if any blood can be squeezed from PCGS or CAC. We were just discussing that the other day on a thread where I spotted two ordinary 1946-S wheat cents that PCGS incorrectly attributed as the inverted mint mark worth 15x the price. Do they stand behind their work, or failing that, can someone force them to stand behind their work? If what you say is true, they certainly blew it on this coin evaluation.
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Bedrock of the Community
United States
10982 Posts |
CAC is absolved, PCGS is the entity that authenticated the coin as a Proof strike. They could be held liable.
The auction house apparently does not want to stir the pot with their grading service of choice and is going after an innocent party hoping to "get the money" by simply asking for it from someone who owes them nothing.
Edited by BH1964
03/15/2024 3:08 pm
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Pillar of the Community
United States
4469 Posts |
I hope the coin in question is not your 1875 S Trade dollar with a weak mint mark. If you submitted the coin to the auction house with the S mint mark noted on the paper work, and the coin graded proof at minimum you have some moral responsibility to the buyer and auction house as you had knowledge of the S mint mark. |
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Replies: 162 / Views: 10,647 |
First Page
Posted 03/14/2024 2:56 pm
