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 Replies: 28 / Views: 3,029 |
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Pillar of the Community
United States
965 Posts |
@january1may: it was a 1920 penny I found coin roll hunting and kept in my pocket for a while. It wasn't anything valuable, I was just appalled that a TPG as respectable as ngc would do that. I'm sure it was an honest mistake, but still, if I'm going to pay for a lowball coin to get graded, I want it to have a realistic grade. It has since been re slabbed (VG4) by PCGS.  |
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Bedrock of the Community
Canada
10743 Posts |
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Shows that even the pro graders don't always get it right. I think a lot of times they don't get it 'right'.  |
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Bedrock of the Community
United States
17884 Posts |
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I thought PCGS had a buy-back policy if they overgraded a coin in their holder... They do but they also have an escape clause. If it is OBVIOUSLY way off then it is clearly a "mechanical" error and the guarantee does not apply. |
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Pillar of the Community
United States
3234 Posts |
That coin looks like a PIG!
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Pillar of the Community
United States
1054 Posts |
Wow, raw deal on that one.
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Pillar of the Community
861 Posts |
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Pillar of the Community
United States
3755 Posts |
That is simply a crappy coin. Yes, the die was obviously really bad, but that ting has NO luster, has minor wear and is so far from an MS coin it isn't even funny. That does NOT fall into nobody is perfect. That falls into this is why PCGS is so over rated its sad.
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Bedrock of the Community
13014 Posts |
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That falls into this is why PCGS is so over rated its sad.
1 coin out of 27 million should be the sole factor of determining a TPGs reputation? |
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Pillar of the Community
United States
652 Posts |
It's a lot more than 1 out of 27 million, if you read a lot of posts on this subject. Misgraded & mislabelled ones do happen from PGCS. But, no TPG is perfect, although we expect it from PGCS. When it's your own coin that's been messed up, it doesn't matter if it's one out of a thousand or one out of billion. |
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Bedrock of the Community
13014 Posts |
Quote:It's a lot more than 1 out of 27 million, if you read a lot of posts on this subject. Misgraded & mislabelled ones do happen from PGCS. But, no TPG is perfect, although we expect it from PGCS. When it's your own coin that's been messed up, it doesn't matter if it's one out of a thousand or one out of billion. Thats exactly my point about nothing being perfect. As long as its run by humans mistakes will be made. That being said though the overwhelming majority of their coins are exactly what their labels say they are. Id also add that especially with older coins it can be impossible to know what the coin looked like when it graded. The slab does a real good job of protecting the coins, but its not perfect either. That thing could have just been stored horribly causing some of the damage too or just terrible pictures ect. But like you said none of them are perfect and we shouldnt expect them to be. We should also we remember we arent perfect either |
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Pillar of the Community
United States
1704 Posts |
The coin or the label was switched. This is not the same coin that was in the slab when sold by David Lawrence. Notice how the photos do not show the sides of the slab. See the scratches on the hologram on the back? Those scratches are not on the outside of the plastic slab. If you look carefully at the coin on Lawrence's web site and this one you can see there are no marks on the cheek or the severe scratches in the field or at the date. There is absolutely no way PCGS would have graded this coin, period. It would have been labeled as genuine at best with no grade due to its post mint damage. Ed ANA LM-3175 |
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Pillar of the Community
861 Posts |
Actually, it turns out this coin sold last year, on 12/8/11 at the Heritage NY auction for $1,035. The coin was described by Heritage as "The strike on this well-detailed MS63 specimen is a little soft on the central obverse, but the attractive light brown surfaces show areas of original red". This is DEFINATELY the same exact coin on ebay. You can forensic the coin by the toning spots on the obverse and reverse. http://coins.ha.com/c/item.zx?hdnJu...3090&x=0&y=0 |
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Pillar of the Community
United States
2077 Posts |
I remember hearing it stated many times on this site "buy the coin, not the slab". This is a good example of why.
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Replies: 28 / Views: 3,029 |
First Page
Posted 07/25/2012 4:24 pm
