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Walking Liberty Half MS-66 Email Answered

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SFDukie's Avatar
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 Posted 04/11/2005  10:52 am  Show Profile   Bookmark this reply Add SFDukie to your friends list Get a Link to this Reply
Holy Toledo zac!
How would you grade that draped bust? F?
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Susanlynn9's Avatar
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 Posted 04/11/2005  11:05 am  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
Personally, I feel VG8 about it.
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catman's Avatar
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 Posted 04/11/2005  1:09 pm  Show Profile   Bookmark this reply Add catman to your friends list Get a Link to this Reply
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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zakgold's Avatar
United States
382 Posts
 Posted 04/11/2005  3:08 pm  Show Profile   Bookmark this reply Add zakgold to your friends list Get a Link to this Reply
I missed something...why was PCGS sued by the Feds?
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Morgan Fred's Avatar
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 Posted 04/11/2005  7:42 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
quote:
Originally posted by Susanlynn9

Personally, I feel VG8 about it.



I'm feeling only VG4 (maybe VG6).
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Susanlynn9's Avatar
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 Posted 04/11/2005  7:51 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
A lot would depend on the reverse.
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 Posted 04/11/2005  7:52 pm  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
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
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Morgan Fred's Avatar
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2684 Posts
 Posted 04/11/2005  10:37 pm  Show Profile   Bookmark this reply Add Morgan Fred to your friends list Get a Link to this Reply
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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 Posted 04/12/2005  12:41 pm  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
I can't find the other link, but if I can find it, I will post it.

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grovey's Avatar
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 Posted 04/13/2005  3:07 pm  Show Profile   Bookmark this reply Add grovey to your friends list Get a Link to this Reply
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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Susanlynn9's Avatar
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 Posted 04/13/2005  3:48 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
Edited due to having a blonde moment [:0]
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SFDukie's Avatar
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 Posted 04/13/2005  4:51 pm  Show Profile   Bookmark this reply Add SFDukie to your friends list Get a Link to this Reply
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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Susanlynn9's Avatar
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 Posted 04/13/2005  5:06 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
Oh....now I understand. Never mind. Above post edited.
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grovey's Avatar
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 Posted 04/13/2005  5:22 pm  Show Profile   Bookmark this reply Add grovey to your friends list Get a Link to this Reply
Yes My user name on ebay is fptoyman.
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Susanlynn9's Avatar
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5877 Posts
 Posted 04/13/2005  5:40 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
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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