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 Replies: 9 / Views: 515 |
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Pillar of the Community
 United States
6501 Posts |
While looking at the 1946-S LWC inverted mint mark, I noticed differences on a few of the coins. Looks like somebody at PCGS didn't know the difference between a real inverted Knob-S mint mark and a degraded Trumpet Tail mint mark. In MS-65, a real IMM is worth $150-300. An ordinary 1946-S in MS-65 is about $9. Like people around here say, buy the coin, not the slab! To which I might add for consideration: when buying a rare variety coin, know how to authenticate it yourself. PCGS 1946-S 1c IMM galleryOopsie #1: 33040565 Oopsie #2: 33040622 |
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Pillar of the Community
 United States
6501 Posts |
 On the real IMM, note the overall chubby shape. The termination is bulbous. The upper termination (which is actually the mint mark bottom) has a flat end. The lower termination is a huge teardrop shape (actually meant to be the top). On a real IMM, part of the teardrop is missing. The withered trumpet tail does bear some similarities. The lower curve is also missing. But the top is not bulbous. Most noticeably, the top serif has a hooked termination. Neither arm of the S is chubby, only the center curve. |
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Pillar of the Community
 United States
5772 Posts |
Nice spot Brandmeister.
I see the similarities you mention and you're so right about being able to authenticate a variety ourselves.
(This thread kind of reminds me of the 1909 DDO-002 that has a "doppelganger" lookalike that has very similar die chips on LIBERTY)
Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
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Pillar of the Community
United States
6108 Posts |
I see quite a number of PCGS mistakes when using their images to verify coins. The last one I saw was a top-end 1911-S RPM-002 listed as FS-501. Makes a minor coin an expensive coin if they put it on the label wrong and folks don't have what they think they have. But they seem to err on the side of not labeling things more often, as I get back a lot of good varieties that they won't put on the label and I have to get a letter from an attributor before they will do it. Right now I have three coins submitted with them, of which two they mis-labeled and one they needed a letter before they would put the variety on the label. Pretty common, but so far they fix them for free.
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Pillar of the Community
United States
4591 Posts |
With a 3 million cert# it was graded many years ago.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
United States
94367 Posts |
When you say "fix for free", you mean they pay for shippinig and insurance both ways?
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Moderator
United States
95855 Posts |
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Pillar of the Community
United States
6501 Posts |
So here's a dumb question. ebay and auction site pictures are terrible. If you accidentally buy an incorrectly attributed slabbed coin, will PCGS refund you the purchase price? |
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Pillar of the Community
United States
6108 Posts |
Brand that is a very good question. Just how far will they go to stand behind their work? I saw recently somewhere in their materials that if you get a slab back that is in error you have to contact them within five days to get it fixed. Well I can't swear that's their policy as I was just skimming things and didn't read it all that closely, but they have always fixed up anything I sent them in a slab they got wrong and don't charge me for it. Yeah, I pay the shipping to them, but I can live with that. But you are asking about a coin slabbed in error that a high price was paid for, but is wrong. I once paid $1000 for a top pop Lincoln variety, got it in, and it was a minor DDO. Fortunately the dealer gave me my money back and I didn't have to try to figure it out further. |
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Pillar of the Community
United States
4591 Posts |
Nope. Go read their guarantee... https://www.pcgs.com/guaranteeSpecifically "What the PCGS Guarantee Does Not Cover" Quote:A variety attribution that is obviously incorrect. For example, if you had a normal date 1942 Mercury dime, but the PCGS holder showed the coin as a much rarer 1942/1 overdate, this coin would not be covered by the PCGS Guarantee as the date is obviously normal. Another example would be if you had a 1945 Mercury dime with an obviously normal size mint mark, but the PCGS holder showed the coin as a "Micro S." This coin would not be covered by the PCGS Guarantee since the mint mark is obviously normal size. Now there is a creative tension between the above statement and this one: Quote:Premium Values for unattributed varieties. PCGS does guarantee the attribution of coins listed as a particular variety on the PCGS holder insert. However, if PCGS has not attributed a particular variety and the coin in question is overgraded or non-authentic, PCGS only guarantees the value of the coin as described on the PCGS holder insert. For example, if you bought an 1921 Morgan dollar that happened to be a rare VAM variety, but the PCGS holder insert did not state the VAM variety and just said "1921 $1", the PCGS Guarantee would only cover the value of an 1921 Morgan dollar, not the value of the rare VAM variety. I believe that there is an expectation that you examined the coin and were able to confirm the attribution prior to purchase. Poor ebay pictures are not PCGS' problem. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Replies: 9 / Views: 515 |
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Posted 03/11/2024 08:45 am
