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Even The "Experts" Make Mistakes (PCGS)

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Bedrock of the Community
United States
17884 Posts
 Posted 08/15/2012  12:55 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list
Definitely a mechanical error it is obviously a type 1, the head isn't the only thing that is full.
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United States
526 Posts
 Posted 08/15/2012  12:58 pm  Show Profile   Bookmark this reply Add Freedom to your friends list
ROF
Pillar of the Community
United States
1208 Posts
 Posted 08/15/2012  1:25 pm  Show Profile   Bookmark this reply Add ratio411 to your friends list
I have seen counterfiet coins slabbed.
It happens.
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United States
7840 Posts
 Posted 08/15/2012  1:56 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list
...in counterfeit slabs.
Edited by oih82w8
08/15/2012 1:57 pm
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 Posted 08/15/2012  4:57 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list

Quote:
...in counterfeit slabs.


Even-The-

$50 on AliBaba. $45/each if ordered in quantities of 50 or more.
Pillar of the Community
United States
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 Posted 08/15/2012  5:00 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list
But on a more serious note more in tune with the OP, the only slabbed coin collection I'd consider is collecting PCGS, NGS and ANACS slabs with mistakes on their labels.

Puts a whole new spin on the phrase "error collector" :-)
Edited by SteveCaruso
08/15/2012 5:04 pm
Pillar of the Community
United States
3755 Posts
 Posted 08/15/2012  6:52 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list
Shows what I have been saying. They are no better than ANACS or ICG. And YES, the over grade all the time. I have posted several that my Pekingese could have graded better.
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13014 Posts
 Posted 08/15/2012  6:58 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
Shows what I have been saying. They are no better than ANACS or ICG.


I can guarantee you theres ANACS and ICG error coins out there
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 Posted 08/15/2012  7:12 pm  Show Profile   Bookmark this reply Add jokingjoker to your friends list
I think most of the time these types of errors occur at the "data entry" level. Most likely a minimum wage worker entering data from the graders notes. They are actually pretty common, I've seen it with all 3 TPG's.
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 Posted 08/15/2012  8:06 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
Thats actually what I was thinking. Its probably not very hard to click the wrong box for the type and out comes that label. Unless of course we believe those 3 people slab and label them all too
Edited by basebal21
08/15/2012 8:07 pm
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 Posted 08/15/2012  10:07 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list
basebal, thats is EXACTLY my point. They are NO BETTER than the others. Not saying ANACS or ICG couldnt have the same issue. If PCGS were sooooooooooo much better, they wouldnt. Thats the point.
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 Posted 08/15/2012  10:37 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
If PCGS were sooooooooooo much better, they wouldnt. Thats the point.


I would have to respectfully disagree with that. No matter who it is its human, mistakes will happen. Space shuttles blow up, planes crash and they go through years of quality control. Nothing humans do will ever be perfect and I dont see coin grading any different.

Theyve done what 28 million coins by this point, not all will be perfect. A company shouldnt be judged by a single coin rather the work as a whole
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 Posted 08/15/2012  11:00 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list
I bought that SLQ labeled a Type II and it now resides in a 20th Century type set holder by Capital Plastics. I was looking for a Type I and found this one labeled incorrectly. The Type I is worth slightly more than a Type II and the toning looks worse in the photograph than in hand. The price was actually quite reasonable at $507.50 Numismedia lists a 1917-S MS-63FH at $720.00. What I really like about the coin is the rivets on the left side of the shield are all distinct as is the small shield in the center.

In The Official Red Book, A Guide Book of United States Type Coins by Q. David Bowers he states that to have all three of the following, full head, distinct rivets and center of the shield on a SLQ is quite scarce. Typically they are found with one, sometimes two, of those characteristics well defined. The 1920 I have in my other 20th Century type set is as well struck.

The graders don't type the labels I found out and yes they do make mistakes, quite a lot actually. I'm surprised the grading services don't have a quality control check of the labels before the slabs are sealed to verify the label matches the coin's type, date and mintmark. I can imagine if they make mistakes with the dates and types they also make mistakes with the grade both up and down. That's scary. I'm sure they won't admit to those mistakes or their credibility would vanish.

Ed
ANA LM-3175
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 Posted 08/15/2012  11:34 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list
@jokingjoker - At PCGS the graders enter their own grades into their system and the labels are checked 3 times. There really isn't any excuse for these goofs other than the Law of Large Numbers. :-)
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17884 Posts
 Posted 08/16/2012  09:04 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
Who checks the labels three times considering it isn't printed until the encapsulation step? All the graders see is a barcode sticker on the flip.
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