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PCGS MS69 Really? 2020 .10 Gold Eagle Damage?

 
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Author Previous TopicReplies: 12 / Views: 565Next Topic  
Valued Member

United States
55 Posts
 Posted 04/02/2020  5:28 pm Show Profile   Bookmark this topic Add livingwater to your friends list Get a Link to this Message
I mostly collect ancient coins and silver bullion. I have some graded/slabbed Morgans. I decided to buy a few gold American eagles .10 oz. An eBay seller had stock photos of PCGS MS69s with no verification numbers. I think it's kind of a marketing gimmick to sell "First Strike" or "Early Releases" since the US mint addressed this. But I got one anyway. When it arrived it had a verification number and I noticed damage on the obverse. I was surprised PCGS would give such a high grade for a damaged coin. Maybe they don't examine coins very closely or this is acceptable? See pics of seller stock photo and close ups of the coin I got. I don't think I'll ever buy another graded/slabbed coin unless I see it in person or the seller has actual good pics of the exact coin. The label on the reverse is different than the seller photo. It says "Delivered within first thirty days of initial release." Big deal.

I assume this is damage and not struck through? If struck through, should I keep it or send it back for exchange or refund? Thanks for any opinions.


Edited by livingwater
04/02/2020 5:34 pm
Valued Member
Canada
385 Posts
 Posted 04/02/2020  5:42 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
Wow, that is no MS-69 as far as I can see. Though I do personally believe that rumour of the TPGs when it comes to mass submitted modern bullion, that a random percentage are given a MS-70, and another is given MS-69 whilst giving the coins a minimal viewing, this is not a fact, this is what I believe to be true based off of my own experience, and after ready and having many discussions have yet to see definitive proof to either side. That said this I do find extreme, any chance you could link the PCGS verification?
Pillar of the Community
United States
843 Posts
 Posted 04/02/2020  6:12 pm  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
Pretty sure the grading companies don't even look at these moderns anymore. They just use a random number generator to decide between a 69 and 70.
Valued Member
United States
55 Posts
 Posted 04/02/2020  6:18 pm  Show Profile   Bookmark this reply Add livingwater to your friends list Get a Link to this Reply
I'm not very computer smart, but here's what I got on the PCGS site.

https://www.PCGS.com/cert/38817609

And here's an image of the coin I got. At a glance you can't see the damage. It is a small coin. But at an angle in the light you can see some of the markings without a magnifier.



Everybody STAY SAFE!
Edited by livingwater
04/02/2020 6:39 pm
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United States
48008 Posts
 Posted 04/02/2020  6:29 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Shame. I'd return it for sure.
Pillar of the Community
United States
6956 Posts
 Posted 04/02/2020  7:35 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Send it back. Unc Details Damaged
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Valued Member
Canada
124 Posts
 Posted 04/03/2020  09:01 am  Show Profile   Bookmark this reply Add Lakeman to your friends list Get a Link to this Reply
That's pretty disappointing.. I would definitely send it back.
Valued Member
Canada
385 Posts
 Posted 04/03/2020  11:12 am  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
I wonder how PCGS would respond if this coin was brought back to their attention
Valued Member
Canada
385 Posts
 Posted 04/03/2020  12:43 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
Actually, would it alright if I posted this coin in the "show us your overgraded coins" thread?
Valued Member
United States
291 Posts
 Posted 04/03/2020  2:22 pm  Show Profile   Check beem's eBay Listings Bookmark this reply Add beem to your friends list Get a Link to this Reply
Regardless, it's slabbed bullion.
Pillar of the Community
United States
8089 Posts
 Posted 04/03/2020  2:35 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
I would definitely return it. There is no way that coin is MS-69
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Valued Member
United States
55 Posts
 Posted 04/03/2020  9:08 pm  Show Profile   Bookmark this reply Add livingwater to your friends list Get a Link to this Reply
Thanks everyone for looking at this loser. It's on its way back for a refund. Go ahead and post it on the overgraded thread.

Yes it's just bullion. I'm all for grading/slabbing old coins but for modern bullion not so much.

Everybody be careful. There's a debate if people should be wearing masks in public. I wear one when I go out.
Edited by livingwater
04/04/2020 07:15 am
Valued Member
Canada
385 Posts
 Posted 04/03/2020  10:10 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
Thanks, hope you can get a better example, if that's what want.
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