$48,000 Difference Resubmitted 1922 Proof Peace Dollar To PCGS

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Wow new poster comes on and knows what was up with the coin? Seems mighty suspicious....

Why didn't PCGS reach out to the submitter and explain what was up? Heck if you followed this post on other forums, you know very well the original submitter asked PCGS why the coin was graded details. He got no response.

Honestly the issue should be with PCGS, if this coin was not details, why was it marked details? PCGS should have contacted the customer to explain what occurred and how to resolve it.

To be totally transparent, I had issues with PCGS coins, so I'm not totally impartial. Their current grading leaves a lot to be desired.

The original owner found the coin raw, had it graded by PCGS. I don't know if he was an experienced collector or if he had ever sent a coin to be graded. Where is the source saying the coin had plastic residue on it and the second owner had it conserved to make a better grade? Who did the conservation work? This is a plausible explanation of the change in grade.

HA is a very popular auction house, they didn't do the grading. I don't think most sellers and buyers think they are snobs, they do millions of dollars in sales.

Because my name is Anthony Franzetti and am a technician at NCS going on 3 years now. I have my masters in Material Science from ODU and I worked closely with the original listing in a small but present fashion. The fact you can clearly see more detail post-restoration clearly indicates plastic residue on the surface that was removed. Only a novice collector cannot see that with the pictures provided. Very prominent bottom of the eagle. He was advised by HA to not restore, not PCGS. Also the fact PCGS doesn't give restoration advice via pictures and requires an in-hand assessment should have eluded to the fact PCGS did not request no service is needed, was the curator who assisted with the original sale, Dustin Johnson, who advised it not be restored and kept original. Also PCGS does not restore coins if you advised not to, which HA procurers do in fact have direct communication with handers at PCGS and other services. If David, which he likely did as he is against restorations, contacted them about the submission (which for every single big submission they 100% do) and informed them he did not want the service, they would not request it. Also anyone whos delt with HA knows they do not contact the SELLER directly and their correspondences are via the auction house, of which clearly denied the service.

If you can't look at the original sale and the secondary sale and clearly see there is residue on the surface, you are likely in the wrong hobby. I would also love to see a coin inside a plastic holder for 50+ years that does not have residue on the surface. I'm going to assume you guys have not watched the origional sellers videos about the coin, how he found it and him showing it in the video with CLEAR substance on the surface as it cartwheeled.

Using the term "new user" does not affect the facts of either sale. If you would like credentials I am more than willing to provide, I am also a mod on the NGC board where we clearly and promptly corrected his post there about why he obtained his original grade. This, a niche forum, is the only place I can seem to find he is being propagated as being wronged by PCGS in some way, or scammed by HA/PCGS. He asked me to come here, where I have not been and do not have an account, to discredit him here as this is where the mass of his following remains for a reason. But I appreciate the deflections without rebuking my original statement with factual observations.

Thanks, Fnlizr14 for your comments. The grading companies do make mistakes and people will disagree on the grade opinion. I have a 1993 silver libertad in an NGC labeled as a 2010 LOL.

Why still go on about it ? The
coin sold then resold for more .
The first owner and second owner
both hit home runs on this.
First seller clearly should have
done more if they felt PCGS got it
wrong and resubmitted the coin.
I am no fan of PCGS as I feel that
value for money is not there.
As to conservation and NCS too much
Money for , conservations most
knowledgeable numismatists can
achieve on their own.

Hi,

I am the person that submitted the coin to Heritage Holland.

When the coin returned with a designation of "Altered Surfaces," I was happy it was considered genuine but disappointed it did not grade. I began emailing both companies (Heritage and PCGS) to understand the reasoning behind that grade.

This was send to Heritage Holland on 08/12/2022 .(TRANSLATED FROM DUTCH)

I am indeed very glad that the coin is in a slab and that it is authentic.
However, I would like to know why they specifically slabbed the coin as UNC. There is always a reason for this, and it is provided after grading. Is there any PVC present on the coin? In the past, coins were sometimes lacquered to prevent toning. This could also be the case here.
Could you find out the exact reason? It only states "altered surf," but I do not have the real reason.

This was send to PCGS on 07/12/2022 Van:
Onderwerp: Peace dollar 1922 high relief Datum: 7 december 2022 om 12:11:25 CET
Aan: info@pcgs.com

Goodmorning,
I submitted a coin through heritage auctions to send for grading at Pcgs. Here is my coin certification code: 46595995
It says UNC DETAILS Alt.surface. I would like to know why they chose to call it that. What is the reason behind?
Is it damage to the coin that could have been restored by dipping or is it irreparable? Thank you for answering my questions:-)

Best regards,
Since I wasn't the original submitter, I also didn't receive any relevant feedback from PCGS.

I accepted this outcome and assumed nothing more could be done. The coin eventually sold for $144,000.
Later in 2025, I saw the same coin reappear—this time graded PR63, which was my original predicted grade. It then sold for $192,000—a $48,000 increase.

I contacted Heritage and PCGS.

• Heritage explained that the complaint period had expired and directed me to follow up directly with PCGS."

• PCGS suggested the coin may have been dipped voiding the grade guarantee."

For the record, I am not looking to discredit or accuse anyone, but I do believe this case deserves to be handled fairly and transparently.

This is my personal experience and opinion based on the documentation I have. I'm simply seeking clarity, fairness, and to better understand if others have had similar experiences."