What Would You Do In This Situation?

$12000 cad over year ago. The Polish zloty was a bit more expensive.

I think NCS, and NGC should change there guarantee, because they don't tell the truth in it.

Here is the gaurantee:

2. STATEMENT OF GUARANTEE: Subject to the limitations set forth in this NCS Authenticity Guarantee, NCS guarantees the authenticity of any coin that is submitted to NCS for Authentication and that NCS subsequently examines and deems "Authentic". A coin is deemed "Authentic" if NCS returns the coin to the submitter in an NCS protective holder bearing the words "Guaranteed Authentic."

the letter I got from NCS states: The letter is to serve notice that if you choose to not send the coin and holder to NGC for review, you agree to assume any and all potential liability associated with its misrepresentation

Which total disagrees with what the wrote in there guarantee.

3. EXCLUSIVE REMEDY: In the event that the owner of a coin that has been deemed Authentic by NCS believes that the coin is not authentic, such person may submit the coin to NCS for "Authentication Review". If the coin is determined under such review by NCS not to be authentic, then owner shall first attempt to reverse transaction if possible or NCS may also elect to pay such owner an amount equal to the difference between the lower of the submitter/owner's purchase price or fair market value for the coin if the coin were authentic, and the current market value of the coin based upon what NCS believes, in its sole opinion, to be reliable current market information. NCS' subjective determination of fair market value and current value shall be binding on all parties.

Bonedigger I don't appreciate you putting the picture up there. If you think I'm not telling the truth find me one that is for sale for less money. To prove the coin isn't worth that much.

Machaj, I have a feeling you are learning a lesson here the hard way. I will not preach to you since it seems you have already been given the third degree. A note as a staff member, this WILL remain civil towards members here.

Now, on to my thoughts. In reading your quotes from NCS, it seems as though you just need the receipt for the transaction, and to submit the coin back to them. Regardless of how old the purchase was, unless you paid with cash and received nothing from the seller, a receipt for purchase should be somewhere. Credit card statement, Paypal, anything. From there you should be able to find the seller and maybe even ask for another receipt. I agree with Snowmans post pretty much in its entirety. The longer you delay, the more suspicious your actions look. At this point you have a coin worth a few dollars that you paid a lot of money for. What is the risk with sending it in? I have to believe that the top TPG's have their fair share of stories of scam artists looking to get something past them, and then reaping the rewards on their guarantee. Their guarantee is what it is probably because of their confidence in their graders and authenticators. If they made a mistake, I would believe they will pony up and admit it. Take all of the most recent sales and use that to help identify FMV.

Again, I think delaying this will only hurt you. You have purchased something raw that is worth most than most people's collections. I wish you luck.

Exactly what I said pages earlier it is ridiculous for them to offer this service. This is just them being greedy for the fees, without the expertise to back up the service they offer.

Looking at their guarantee they should take a bath on this one. Machaj you have to go along with the terms of the guarantee and resubmit for "authentication review" This is a reputable company, not some basement slabber. I do not believe they will try to fob you off and "lose" the coin or whatever. If you can deliver it personally, do that. But you need to act soon.

I still don't understand why you won't disclose what NCS thinks is FMV.

I wish I had $12,000 CD to spend on coins when I was 21

There seems to be a lot of anger here towards NCS/NGC all because someone has made a claim that they authenticated a coin that some person claimed is a fake. Now this people that looked at this coin that you took to a show have a microscope to look at the date and show you or take pics of the coin I really don't think so or they would have been posted here. What some people are doing here is not fair towards NCS/NGC Its like kicking a person when they have their back turned to you. Like I said from the beginning nothing on this thread makes sense to me. Oh did I tell you that I sent in a 1932 quarter to this grading company and they switched it with a fake one. I think it was PCGS have any of you have a similar story to tell. so we can ruin someones reputation with out making sure its justified. I rest my case.

Me Toooooo.

Ladiessss and Gentlmennn And now for your dancing pleasure
The Dancing Veggiesssss







Aren't They Sexxxxyyyyyy

This thread was on its way south , Topic locked by Metalman .