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 Replies: 162 / Views: 10,656 |
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Valued Member
United States
202 Posts |
Quote:
... if a PGCS graded coin that was actually a counterfeit and it meet the criteria of CAC, I bet they would sticker it also. That exact scenario has actually happened before, but is probably better discussed further as a separate topic. |
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Pillar of the Community
United States
4469 Posts |
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Ian, just take the hit because your company made too many mistakes. After all, it is either the reputation of the company or a mere $1,000. Take care of you customers when things are this out of line. Why should Ian take the 1K hit, GC did not grade the coin? The OP needs to call Ian and work out a reasonable deal, and Ian needs to contact PCGS as they should be part of the problem solving. |
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Pillar of the Community
United States
7276 Posts |
Yep I agree, why should Ian take the hit, he didn't grade the coin, but the op also has to be part of the solution as he NEVER owned an 1866 P dime.
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Pillar of the Community
 United States
5178 Posts |
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Pillar of the Community
United States
4233 Posts |
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I am not a dealer, I'm a new collector And yet you're acting like a dealer, right? You're selling coins, buying coins, expecting the proceeds from sales to go towards your purchases, playing some sort of shell game, and it sounds like not keeping good track of everything. Then suddenly you're caught short by a cancelled sale. You've adopted an aggressive tone seeking to blame others. This may be justified, but it clouds whether we can judge if we're getting an unbiased view of the situation. As a "new collector", it seems like you're in over your head. This whole thing started with a Trade dollar incorrectly graded as a proof, when it's really a Liberty Seated dollar correctly graded. So where did that notion come from? One curiosity in all this is that the buyer apparently recognized the 1866 as a Weak S and not an 1866-P. Why couldn't they do that from the auction photos? If they know enough to recognize a weak S, why are they taking a gamble on it being an 1866-P? I agree that this mostly falls on PCGS, and it's hard to justify them claiming it's a "mechanical error" to avoid the guarantee, if that's what they're saying. If this falls under "A designation that is obviously incorrect", it sure isn't obvious. |
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Pillar of the Community
United States
7276 Posts |
Didn't even know there was a weak S: "Note: A number of 1866-S Seated Liberty dimes were produced with an extremely weak "S" mint mark which can be barely seen. In some cases the mint mark is completely missing which can confuse collectors into thinking they have the ultra-rare version minted in Philadelphia. Other clues such as die crack locations need to be looked into in order to determine the true mint of this coin." |
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Pillar of the Community
United States
5178 Posts |
Just looked up PCGS price info on 1866 dimes and it seems the Weak-S in circulated condition is valued much lower than the 1866-P.
So, of course any buyer wants the coin labeled "Weak-S" to save $$$. After all, the branch mint strikes are indistinguishable with only a cursory glance of the coin.
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Pillar of the Community
United States
3848 Posts |
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Why should Ian take the 1K hit, GC did not grade the coin? Since the buyer returned the coin the ball was in Ian's court to contact the consignor with accurate information so the consignor can do the right thing and return the money over a simple mistake. BUT, Ian dropped the ball, was extremely slow to follow up with incorrect information, in which the opportunity to ethically return the money has passed. If Ian sent the accurate message to the consignor immediately when notified, then the ethical thing is to return the money. But, the consignor (OP) has no idea what is going on months after this issue should have been taken care of. A case of negligent communication in which the fault is GC. All of this to say *ONLY IF* the OP is telling the complete truth and not playing dumb so he can keep a few dollars. Quote:
The OP needs to call Ian and work out a reasonable deal, and Ian needs to contact PCGS as they should be part of the problem solving. I agree completely. Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Pillar of the Community
United States
7276 Posts |
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All of this to say *ONLY IF* the OP is telling the complete truth and not playing dumb so he can keep a few dollars. Based on what I read, I don't know if the OP is telling the complete truth. I don't know many beginners selling $1000+ coins. |
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Pillar of the Community
United States
921 Posts |
So basically the buyer was due about $1000 refund. Assuming he's keeping the dime.
There are timing irregularities with GCs but I don't see why this isn't mostly on PCGS.
The seller says he doesn't know who currently has the dime.
Edited by RPT
03/20/2024 5:40 pm
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Pillar of the Community
United States
6498 Posts |
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Based on what I read, I don't know if the OP is telling the complete truth. I don't know many beginners selling $1000+ coins. I had the same thought. I've been doing this hobby for about a year, and I am only just getting settled on nickels and $1-20 deals. I've never submitted a coin for grading. $1000 coin auctions seem like a way down the road. |
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Pillar of the Community
United States
3848 Posts |
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I had the same thought. I've been doing this hobby for about a year, and I am only just getting settled on nickels and $1-20 deals. I've never submitted a coin for grading. $1000 coin auctions seem like a way down the road. There are some real goofballs out there. There was a guy who purchased an 1850 double eagle in MS-64 PL and paid $102,000 for it. Conditionally rare first year circulation issue. He didn't know anything about coins. He cracked it, scrubbed the heck out of it to make it shiny, and now it is worth about $10k. If you have money and want to spend it on coins, learn about coins out of respect for the hobby. Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Pillar of the Community
United States
4233 Posts |
Well at least I learned something new. About the 1866-S 10c, PCGS says "Some examples show a wavy, vertical crack that nearly bisects the obverse." This crack is evident on OP coin (on right, below). NGC says that only one die pair was used for the 1866-P, and two obverse dies were used for 1866-S. The OP coin date position, with the 1 centered over a denticle, clearly is not 1866-P, which has the 1 centered over a gap between denticles.  |
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Pillar of the Community
United States
3343 Posts |
How on earth did a discussion of a proof 1871 Seated Liberty dollar turn into a discussion of an 1866-S dime? I would like to see that dollar. Not interested in the tired dime. Oh there it is! The coin GC called a Trade dollar in this thread, but called a Seated Liberty in their auction. Pretty nice coin. A lot nicer than the dime. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
03/20/2024 9:34 pm
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Bedrock of the Community
United States
10982 Posts |
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So basically the buyer was due about $1000 refund. Assuming he's keeping the dime.
There are timing irregularities with GCs but I don't see why this isn't mostly on PCGS. @RPT: PCGS should foot the bill. They certified the coin as something it was not. The buyer and party submitting are known. PCGS is on the hook imo. |
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Replies: 162 / Views: 10,656 |
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Posted 03/20/2024 12:44 pm
