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 Replies: 32 / Views: 2,884 |
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Rest in Peace
United States
954 Posts |
zakgold, Remember that it was PCGS that was sued by the Federal government for doing exactly that. It ended in a out of court settlement. catman  |
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Valued Member
United States
382 Posts |
I missed something...why was PCGS sued by the Feds?
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Rest in Peace
United States
2684 Posts |
quote:
Originally posted by Susanlynn9
Personally, I feel VG8 about it.
I'm feeling only VG4 (maybe VG6).  |
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Forum Mom
 United States
5877 Posts |
A lot would depend on the reverse.
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Pillar of the Community
United States
2724 Posts |
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Rest in Peace
United States
2684 Posts |
quote:
Originally posted by national dealer
Here are a few interesting articles about grading companies being sued.
http://www.heritagecoins.com/featur...s.php?id=132
http://www.tallahassee.com/mld/demo.../8545019.htm
PCGS Lawsuit. Sorry it is a pdf file.
http://media.corporate-ir.net/media...s/2004AR.pdf
ND, many thanks for the very illuminating articles. I got my feet a little wet in the PCGS SEC Annual Report pdf file and saw the reference to the lawsuit in which the PCGS connection to the complainant was tenuous at best and certainly was not a result of their grading efforts. I didn't wade any deeper into the report except the index which provided no further reference to the suit as far as I could tell. What was the outcome of the lawsuit or is it still in litigation? In the Heritage article, it mentioned that lawsuits are essentially a normal expectation in any business. As a private consultant for many years, I can testify to that fact; it's no big deal and it's going to happen to most any firm sooner or later, especially if the company deals in expert opinions. My conclusion: PCGS was sued. So what? |
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Pillar of the Community
United States
2724 Posts |
I can't find the other link, but if I can find it, I will post it.
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Valued Member
 United States
440 Posts |
Not sure what this answer means in plain english..can anyone else translate the meaning ?
Dear fptoyman,
You asked:
"Hi, I have a question about the grade on this coin will you guarantee a ms66 grade from PCGS ?.From the description and quoting the coin values guide, you should agree with the grade. So I am asking for a guarantee or the value difference if it grades lower. Thank you Gil"
Of course we agree with The Grade/Coin is Certified and Graded! We don't grade for PCGS!! We Guarantee 100% satisfaction or Money back!
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Forum Mom
United States
5877 Posts |
Edited due to having a blonde moment [:0]
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Pillar of the Community
United States
980 Posts |
quote:
Originally posted by Susanlynn9
Grovey, I'm confused. fptoyman is a different seller than the one for the original auction you posted. The seller in the original auction you posted is simplycoins. fptoyman has been buying uncertified Walkers. I think he has two seller ID's.
Grovey, now I'm confused- aren't you fptoyman? thats the adressee of the email from the seller= grovey, correct? |
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Forum Mom
United States
5877 Posts |
Oh....now I understand. Never mind. Above post edited.
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Valued Member
United States
440 Posts |
Yes My user name on ebay is fptoyman. |
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Forum Mom
United States
5877 Posts |
The worst part about it is that I knew that. I'm sorry.
To answer your question about the email received though, I read that to mean that, as he's not a PCGS grader, he's not going to guarantee the same grade through PCGS but that he does have a return policy. He probably won't accept it back in a PCGS holder either.
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Pillar of the Community
United States
2724 Posts |
Well I hope that his answer will lead you not to buy from this seller. If they only agree with a grading company that the hobby does not agree with, then they need to be avoided.
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Rest in Peace
United States
2884 Posts |
The way I read it is they offer you nothing more than agreeing with the grading company that they use,and no one else!!! Mike
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Replies: 32 / Views: 2,884 |
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Posted 04/11/2005 3:08 pm
