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PCGS Dropped The Ball Hard On This One

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GrapeCollects's Avatar
United States
8938 Posts
 Posted 03/15/2021  10:43 pm Show Profile   Bookmark this topic Add GrapeCollects to your friends list Get a Link to this Message Number of Subscribers
This is absolutely silly. I bought this as a PCGS VF-25 and thought the coin was significantly undergraded. I had posted it on CCF and it seemed everyone was in agreement.

http://goccf.com/t/391984

Just saw these results back and I'm actually mad. This had the smoothest, most even chocolate brown surfaces in hand. Where the heck do they get VF Details Environmental Damage?


PCGS-Dropped-The-Ball-Hard-On-This-One
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fortcollins's Avatar
United States
3646 Posts
 Posted 03/15/2021  10:48 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
I wonder if they pulled the wrong code, and intended a 95 (scratches), rather than a 97 (ED)?
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hfjacinto's Avatar
United States
7276 Posts
 Posted 03/15/2021  10:49 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
Grape I'll take one for the team and give you $50 to take that poor coin off your hands. You know PCGS is never wrong
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Ploopy's Avatar
United States
1788 Posts
 Posted 03/15/2021  10:50 pm  Show Profile   Bookmark this reply Add Ploopy to your friends list Get a Link to this Reply
An absolute joke of a grade. I'd bet if you resubmitted it again it would straight grade.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 03/15/2021  10:52 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Your faith in the TPGs underscores your youth. Chalk up another regrade submission for PCGS, mostly at your expense.
Edited by Coinfrog
03/15/2021 10:56 pm
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Ty2020b's Avatar
United States
4680 Posts
 Posted 03/15/2021  11:21 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list Get a Link to this Reply
Woooowww. Wasn't expecting that one. I see a couple very light patches of light porosity, nothing even close to warrant a Details designation on EAC........
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 03/15/2021  11:23 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
I think that they got it right , I am seeing corrosion on my big screen monitor .
Looks like someone tried to give this a restoration effort in the past .
Also pretty rough rims at 3 o'clock obverse .
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Rothery's Avatar
2145 Posts
 Posted 03/15/2021  11:26 pm  Show Profile   Bookmark this reply Add Rothery to your friends list Get a Link to this Reply

Quote:
Where the heck do they get VF Details Environmental Damage?

Can you show us pictures of "In hand" slab? Maybe that can help - we all know PCGS pics are way too generous!
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sel_69l's Avatar
Australia
21786 Posts
 Posted 03/16/2021  02:05 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Nice coin.
The opinion of PCGS makes the coin easy to buy**, but difficult to sell at the right price.

I can understand why you are upset.
I would have graded it higher, and the 'details' in my opinion are very minor.

If this coin was mine, (none of my coins are slabbed),
I would have just been quietly pleased with what I have, in complete ignorance of a TPG opinion.

When buying a coin, you just have to trust your own judgement on condition, 'details' if any, and price, slabbed or not slabbed.

**In this case, I think you did well with the original purchase, despite PCGS opinion.
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westcoin's Avatar
United States
9792 Posts
 Posted 03/16/2021  03:02 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
I do see some very light porosity but nothing I would call troubling nor that is affecting the coin in a detrimental way. I'd crack and be happy with having a nice EF/AU coin in a market grade, it's VF/EF EAC grade all day long probably, I almost went low end AU pushing into unc. the first time around, but the PCGS photo showed me some things I missed the first time around. Still a beauty of a drapped bust large cent.
"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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mrwhatisit's Avatar
United States
2955 Posts
 Posted 03/16/2021  07:54 am  Show Profile   Bookmark this reply Add mrwhatisit to your friends list Get a Link to this Reply
Interesting how we all here on coin community can get in general agreement or so, and yeah, quite an interesting lowball from still a nice grading service. The details aspect is quite minor to me compared to the overall eye appeal we are all enjoying. So does the designation 'details environmental damage' actually lower the grade on certain coins at PCGS? Perhaps they originally were thinking what we were thinking on grading, but had to lower the grade due to those designations? Makes one think
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panzaldi's Avatar
United States
18664 Posts
 Posted 03/16/2021  2:47 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply

Quote:
So does the designation 'details environmental damage' actually lower the grade on certain coins at PCGS? Perhaps they originally were thinking what we were thinking on grading, but had to lower the grade due to those designations?


from what I understand they take into consideration that the grade they designate dictates pricing which in the past we have seen is not actually the case unless you buy the slab and not the coin.

i see planchet porosity on both sides but imo not enough to details the coin. they need to be a little more forgiving on these draped bust series. there are a couple scratches. maybe that along with the porosity was why they did that OR maybe a rookie grader that doesn't know this series. I see this one as a solid XF45 coin.
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mrwhatisit's Avatar
United States
2955 Posts
 Posted 03/16/2021  8:35 pm  Show Profile   Bookmark this reply Add mrwhatisit to your friends list Get a Link to this Reply
Yeah panzaldi, I'm with you on tbe description on this coin not actually needing a details designation. I can see why grapecollects would not be too pleased with this grade. It makes me lean more into your idea that it could be a rookie grader not too familiar with this series.
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GrapeCollects's Avatar
United States
8938 Posts
 Posted 03/16/2021  8:49 pm  Show Profile   Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Well sorry for taking so long to come back. My thoughts were identical to those expressed by the others in here. There's no reason that this should have been detailed. As for the guess on the scratches, the PCGS photos heavily dramatize them. The only real scratch is the one that connects the upper leaves of the wreath which is extremely hard to notice in hand
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Zurie's Avatar
United States
5671 Posts
 Posted 03/16/2021  8:49 pm  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
Obviously pretty borderline since it originally straight graded. I also don't see anything that would warrant an ED designation. It was a waste of a grading fee since it would better as a raw coin than in that holder.
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mrwhatisit's Avatar
United States
2955 Posts
 Posted 03/16/2021  9:08 pm  Show Profile   Bookmark this reply Add mrwhatisit to your friends list Get a Link to this Reply
Is it also possible that they meant to give it a 35 instead of a 25 due to human error? Goes without saying that 2 and 3 are next to each other.
And methinks ploppy's idea above might not be such a bad idea
Edited by mrwhatisit
03/16/2021 9:16 pm
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