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 Replies: 25 / Views: 3,310 |
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Pillar of the Community
United States
1312 Posts |
That's a $100,000 mistake, according to another seller of mislabeled coins, just last week.
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Pillar of the Community
United States
1660 Posts |
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Wait so cac gave a bean to a slab error coin. I guess the coin is ALL they look at The fee is all CAC looks at. Ever hear of a slab they declined to slap a sticker on? Edited by ArrowsAndRays
04/02/2015 09:52 am
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Pillar of the Community
Canada
5417 Posts |
I think you guys shouldn't be so quick to judge. I think that the coin was firstpy mislabeled by PCGS and then sent to CAC. CAC backed the grade and very likely noticed the mislabeled slab, but into their system, the probably entered the PCGS certification number which likely links the info directly from the PCGS website, resulting in there being further wrong info on the CAC website. Although, the seller is definitely at fault for trying to pass it off as a no arrows 1853.
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Pillar of the Community
United States
1304 Posts |
It could be possible the seller is clueless as to what "no arrows" means and simply looks at the label and then a price guide. They might not even look at the coin itself.
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Pillar of the Community
 United States
1839 Posts |
I messaged the seller and they ended the auction.
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Pillar of the Community
United States
6478 Posts |
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they ended the auction. Thanks, I was gonna try and get the coin for cheap because it was mislabeled. |
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Pillar of the Community
United States
1839 Posts |
@ SilverStackerKid I think you have it backwards. It was labelled and being sold as NO ARROWS which is much more expensive. If you look it up on the PCGS website that cert number shows a PCGS guide price of $650. However the coin in the holder is only worth about $180 (PCGS guide price that is). So if anything whoever won the auction would have likely ended up way over paying, which is why I felt compelled to point it out before someone got burned, like perhaps you.  By the way, they've re-listed it and they're marketing the coin as a PCGS error coin now, as it should be. http://www.ebay.com/itm/1853-Half-D...em541cc00c5dI still think it's odd that CAC green beaned it though. Edited by Tbone
04/03/2015 12:29 am
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Pillar of the Community
United States
6478 Posts |
No, I know it was the arrows variety. And I thought maybe collectors bidding would look and see that and not bid on it.
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Pillar of the Community
United States
4416 Posts |
Passing the buck is one thing .... but, passing the bean is quite another story!
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Pillar of the Community
United States
1660 Posts |
We messaged each other before he ended the first auction, he wasn't aware error slabs were collectable. I predict he gets a nice premium.
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Pillar of the Community
United States
1704 Posts |
It is not an error coin, it is a mislabeled holder. CAC evaluates the coin only not the holder. As this coin clearly shows a coin in a mislabeled holder certainly can warrant a sticker regardless of the label.
ArrowsandRays, CAC does not sticker every coin in a slab submitted to them.
Edited by Gyrene7483
04/08/2015 03:08 am
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Moderator
 United States
23522 Posts |
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he wasn't aware error slabs were collectable. That's because they're not. |
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Pillar of the Community
United States
1211 Posts |
Reading this thread is giving me a headache. Good grief...
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Pillar of the Community
United States
4416 Posts |
A few years ago, I happened to chat with two dealers who had a few "slab errors" in their cases. None were for sale. Both said they liked to collect them as examples of how the grading services make mistakes. Both of them expressed dissatisfaction at times with third party grading. Given that such glaring errors were made in the slabs shown, how can one put so much stock in the numerical grades ... such were the conversations we had. Their points, I thought, were well taken.
While I agree that these "slab errors" aren't mainstream collectibles, there are collectors for just about everything, nowadays. Personally, I collect "junk" coins ... a.k.a. counterstamped coins!
Edited by ExoGuy
04/08/2015 2:15 pm
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Moderator
United States
23522 Posts |
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While I agree that these "slab errors" aren't mainstream collectibles, there are collectors for just about everything, nowadays. Which is why the "First Strike" shtick sells. This is numismatics, not Pet Rocks.  |
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Replies: 25 / Views: 3,310 |
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Posted 04/02/2015 09:52 am
