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 Replies: 10 / Views: 1,451 |
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Pillar of the Community
United States
2558 Posts |
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Pillar of the Community
United States
4404 Posts |
That's definitely not FS-101!  Let's hope the current owner of the coin knows that, but judging by the $3k sale price, probably not. |
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Pillar of the Community
United States
2156 Posts |
Yikes. That's a bad mishap, and some poor fellow spent some serious cash on the wrong variety
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Pillar of the Community
United States
5887 Posts |
That's a bummer for the 3k buyer! Definitely not a match. Good catch!
-CH27
Collector of U.S. Coins, Varieties, and Colonial Coinage
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Bedrock of the Community
United States
74662 Posts |
Oh boy! How the heck did that happen? It was clearly not FS-101.
Errers and Varietys.
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Pillar of the Community
 United States
2558 Posts |
I think they just looked at the thickness on the date? I looked at this coin a few times before I noticed it.
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Bedrock of the Community
United States
10038 Posts |
Not surprised at all. The more you look, the more you will find. According to PCGS, not only were a minimum of 3-4 graders assigned to this coin, but the "experts" assigned were assigned b/c of their expertise in this specific coin type. Let's examine PCGS's own words/claims: https://www.PCGS.com/PCGS-grading-process-video.Quote:
GRADING:
The coins are now ready for grading. Each order is distributed to graders based on their particular skill and expertise. While the graders are generally trained to handle coins from virtually all eras, they are assigned coins based on their strengths. The sheer number of graders assigned to each coin can also vary depending on the type of coin submitted. In all cases, at minimum, 3-4 graders are assigned to every coin for grading and verification. And we wonder why this forum says people should buy the coin and not the slab. A scientific grading system is very (X 10) long past overdue. But subjectivity brings in profits as does great marketing hype. More examples from this forum: http://goccf.com/t/346174#2967242http://goccf.com/t/130186How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
 United States
8938 Posts |
More importantly, PCGS does not guarantee their attributions. A wonderful example of this is the 1988 FS-901 RDV-006 Lincoln Cent. Out of the 2 dozen in MSRD they graded, only 1 is attributed correctly. |
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Pillar of the Community
United States
2156 Posts |
@GrapeCollects That is a scary statistic! Makes me trust PCGS even less with variety attributions.
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Pillar of the Community
United States
8938 Posts |
 . Why I buy NGC if I HAVE to buy sight unseen variaties. |
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Pillar of the Community
United States
6116 Posts |
All that is true, but a side note is that DDO-005 (WDDO-006) is far more rare than FS-101 so a pretty good character to find either way. Not $3K good, but still a tough one in any condition.
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Replies: 10 / Views: 1,451 |
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Posted 03/02/2020 8:11 pm
