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 Replies: 23 / Views: 5,645 |
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Pillar of the Community
United States
624 Posts |
I don't know, he seems pretty confident in his story and I am always one for the conspiracy story. People get greedy all the time. I think if we cast Matt Damon as the coin collector and Sir Ben Kingsley as the head of PCGS that we could have a summer blockbuster here.
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Pillar of the Community
United States
9792 Posts |
I've told this story on CCF before: Sent in a nice 1885-CC Morgan to PCGS (back before details holders) It came back twice in a body bag, third time it made it into a MS63 holder (it was nicer than that IMO) finally sold it at a small loss to a friend (loss due to the cost of slabbing attempts and mailing fees), he cracked it out resubmitted it, promptly got it in a MS64 holder first try. That is the grade I was looking for from the start. That was the last time I submitted directly to PCGS, though I've gone through other dealers since then.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
7390 Posts |
Was he a big time submitter west or just a Joe shmo?
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Pillar of the Community
United States
9792 Posts |
I submitted once myself, the bodybag, went to a bigger dealer to submit the second time, (not a big spender with them at the time, but well known) got the MS62 - (I said MS63 earlier sorry typo), the friend that I sold it too, submitted himself, with a few other coins (he was a new PCGS member) so not a previous submitter in the past, I too was pretty new to being a member in fact I submitted with the certificate, as my friend did). The coin was always a solid MS64 IMO, and I think I know how to grade pretty well, at least Morgan dollars, back then I was a dealer so handling them everyday, hundreds a week. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Moderator
 Canada
10458 Posts |
Quote:
Body bagged to single finest graded? It happens. I had a NFLD 1938 1-cent that was body bagged "questionable colour". I shared the results with a very respected dealer, and he basically agreed with me, and disagreed with PCGS. So, we cracked the coin and he took it raw through the PCGS "walk-through" service at the 2014 Long Beach show. It is now tied with several others as "second finest"... the owner of the Perth Collection said it was "nicer than his"... I also have a PCGS coin that should have NEVER been graded, because it has been cleaned and altered surfaces (questionable colour)... I use it as a teaching example, to "buy the coin, not the slab"... At the end of the day, the graders are human, and mistakes are bound to occur... it's human nature!! "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
146 Posts |
I have never heard of a cancelled grade...shows I'm a rookie. They don't "cancel a grade when the coin is not out of their possession do they? So I have a 1936 1c graded MS-66 Red and it is on ebay...they don't say grade cancelled and no longer valid right? THAT WOULD BE CRAZY for the market to allow. Now, if the coin were sent back and the grade was raised or lowered (what some are calling "cancelled") ... THAT's perfectly OK. Happens all the time. Someone important once said something like this publicly: If a coin is worth submitting once, it's worth submitting more times." Now with them ec |
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Valued Member
146 Posts |
This is a great string. It can go on and on and I love to hear the stories. Unfortunately people are hurt $$$.
I took a grading seminar and after a few minutes of these stories the instructor said something like this: We can spend this entire week telling stories or you can learn to grade for yourself in this class. TPGS over grade and under grade; however, most of the time they get it right or they would not be around long. Think of all the TPGS that are no more...
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Pillar of the Community
United States
3179 Posts |
In short, the answer to your question is NO. No recourse at all.
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Replies: 23 / Views: 5,645 |
First Page
Posted 12/20/2015 3:08 pm
