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 Replies: 11 / Views: 1,401 |
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Valued Member
United States
51 Posts |
I believe this colonial is misidentified and the year is wrong. I believe this is year 1787 Bust Right RR12 and not the more rare 1788 Inde Et Libe as noted on slab. Lack of date makes it hard but many of these lack full date. Are there colonial experts out there who can help?   *** Moved by Staff to a more appropriate forum. *** |
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Valued Member
 United States
51 Posts |
Sorry pics aren't great. I meant to say the coin is "Inde Et Libe" and not the more rare 1788 "Et Lib" Inde as identified.
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Moderator
 United States
14463 Posts |
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Bedrock of the Community
United States
12057 Posts |
It is misattributed (label error) since INDE is on the left side. There is no (apparent) punctuation after VERMON or AUCTORI, and the arm positions / broken base B in LIB agree with a LDS RR-12 (R3), and yes, that's a 1787, not 1788.
PCGS really goofed on this one, the difference in value is substantial, even in low grade. "Buy the coin, not the slab"
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Valued Member
United States
51 Posts |
Thank you. I was wondering if they switched labels with another coin they were grading. Fortunately I didn't pay a lot and only started researching it after I got it. I was sending some other things for grading and sent it to find out what type it was exactly. I let PCGS know about the error but haven't heard back.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Thank you. I was wondering if they switched labels with another coin they were grading. It sounds like you were the one that sent it in correct? If so the only way the label would be switched would be if it was switched with another coin that you sent in. They handle coins in batches by submission just so as to keep from accidentally switching coins between submissions. Edited by Conder101
03/02/2017 11:30 am
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Pillar of the Community
United States
1211 Posts |
Just curious, what moved you to send that coin to PCGS to be slabbed in the first place?
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Pillar of the Community
United States
2589 Posts |
Might this qualify under the PCGS guarentee program, since its clearly the wrong year and not some variety attribution?
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Valued Member
United States
51 Posts |
Maybe you're right about the labels not being switched--doing only one customer's coins at a time, although I was wondering if they didn't have some graders who grade all the colonials, as it is pretty specialized. Maybe they should.
Not something I would send in for grading typically in the condition it is, but I was sending in some other things so included it hoping to find out what it is. The dealer wasn't sure. Next time a colonial expert first or I'll put on the forum!
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Bedrock of the Community
United States
12057 Posts |
This is not a common occurrence. PCGS will correct their mistake if asked to do so.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
United States
17884 Posts |
Quote:
Might this qualify under the PCGS guarantee program, since its clearly the wrong year and not some variety attribution? Since he is the original submitter they will reholder it for free but no payout under the guarantee. Now if he had bought it already in the slab they might have had to pay out. |
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Valued Member
United States
51 Posts |
I found this VG 10 NGC RR12)R3 on auction site. Looks like the correct one. Obviously much better coin and easier to ID. Thanks for input   |
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Replies: 11 / Views: 1,401 |
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Posted 03/01/2017 10:42 pm
