The Worst Purchase I Ever Made.... Well It Look Good

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Author	Replies: 9 / Views: 2,281
Valiamo Valued Member Canada 122 Posts	Posted 08/14/2013 7:43 pm A number of years ago, I wanted to get a set of MS65 or higher coins for a special year for me. This was first purchase on the Internet that I have really regretted making. This coin sits on my desk to remind me time and again that "caveat emptor" - "Let the buyer beware" The auction text sounded great, the coin was graded, the picture of the coin that was provided looked really good.... what could go wrong... Well you tell me what you think this coin should be graded at.... Yes those are ugly spots all over the reverse. Also comes with a big blob just over the second A in Canada Wonder which drivway this one got dragged along. The picture does not do the damage justice, it is worse in person. And finally the graded portion of the coin. First and last time from buying from this seller. Report this Post to the Staff

noahs-numismatics Pillar of the Community Canada 3167 Posts	Posted 08/14/2013 7:48 pm Quick! Someone call an ambulance! Excessive bleeding from road rash! Report this Post to the Staff
Valiamo Valued Member Canada 122 Posts	Posted 08/14/2013 7:52 pm LOL! You should have seen me when I opened the package... The seller also state he would give me a "negative" if I complained about him. Luckly he was kicked off of the bay for shady dealings... Report this Post to the Staff
allranger Pillar of the Community United States 1391 Posts	Posted 08/14/2013 8:31 pm Who is that even graded by? It looks like a no name slab to me but I don't really do slab coins so I'm not sure. Report this Post to the Staff
tfred Pillar of the Community Canada 627 Posts	Posted 08/14/2013 9:58 pm Classic case of "buy the coin not the case". We've all been there. Report this Post to the Staff
Jerry_B Valued Member Canada 453 Posts	Posted 08/14/2013 10:11 pm I guess it's just one of those things that you chalk up to experience. One takes a chance buying based on internet pictures. It sure isn't the same as holding it in your hand and tilting it in the light. I don't have any slabbed coins (anything worth slabbing is usually beyond my budget), but if the grading isn't from NCG, PCGS, ANACS, ICCS, or CCCS, then, in my eyes, it's equivalent to "ungraded". My apologies if I omitted any valid TPG's. I hope that you didn't spend a lot on the coin. Since acquiring that one, have you gotten a nicer '58 penny? Getting back to your original question of grade: ... Well, I don't have the expertise to grade this. But it just doesn't look very nice. I don't think I'd want it on my desk, be it a reminder or not. Cheers, Jerry Report this Post to the Staff
Broken-Coin Pillar of the Community United States 1812 Posts	Posted 08/15/2013 12:11 am Looks like someone counterfeited a PCI Slab. Is there anything printed on the reverse side of the slab? Report this Post to the Staff
jello_g Valued Member Canada 108 Posts	Posted 08/22/2013 3:02 pm PCI is a joke. In the same class as ACG. I wouldn't buy any coin based on their opinion alone. Report this Post to the Staff
Broken-Coin Pillar of the Community United States 1812 Posts	Posted 08/27/2013 1:35 pm Quote: PCI is a joke. In the same class as ACG. I wouldn't buy any coin based on their opinion alone. PCI was not a bad grading service 15 years ago when one wanted to have lower valued coins certified, and not pay the high fees NGC & PCGS charged... If you walked the Bourse Floor 10 to 15 years ago, you would have found many PCI slabs in the Dealers Cases... I have crossed over a number of PCI certified error coins (in their holders) to ANACS and every PCI graded coin (with the exception of 1) graded the same grade. The one exception was a PCI MS65-RED 1998 Double Struck LMC on a Type 2 Hub ( Wide AM) was returned in a ANACS holder MS64-RED due to a fingerprint. When asked about the 1 point drop on this coin, I was advised by ANACS that no coin can grade above 64 with a visable fingerprint... The last time I mentioned this in a CCF thread, numerous members disagreed, claiming a fingerprint doesn't prevent a coin grading above 64. And while I am in agreement in their replies, I only shared information ANACS provided me at that time. Chances are that I am the only person that had crossed over a NGC MS65 Quarter into a PCI Holder [signature series slab] due to NGC's refusal to list the Die Variety on their holder (CCF thread posted last year). Without the listed Die Variety it would have been a $35.00 Coin, with the Variety Listed, CherryPickers values this at $500.00 in MS65 (plus my coin graded higher then the CPG Plate Photo of this variety). Report this Post to the Staff
Valiamo Valued Member Canada 122 Posts	Posted 08/27/2013 5:42 pm One has to remember that this was purchsed at least 10-12 years ago, before the counterfitting of slabbed material was really prelevant. One seems to assume that this is a recent purchase. Perhaps at one time the PCI had the intent of being a contender in the market. alas with incorrect grading like this, it shows why they have become what they are today. Report this Post to the Staff
	Replies: 9 / Views: 2,281

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