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 Replies: 8 / Views: 1,260 |
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Pillar of the Community
United States
1454 Posts |
I received a 1999 NGC MS-69 American Silver Eagle approximately 2 months ago. It has light scrapes or marks on the high spots of Liberty's dress and it continues on the field a little and even a couple spots on the sun. They aren't dings or anything but look almost as if another ASE was stacked on top of it for a period of time. Thinking this one came out of a roll. The problem is, I am not a member of ANA or NGC, etc. My question is, can I use NGC's guarantee and send it to them and get it replaced? Don't know how this thing received a MS-69 designation in this condition. The reverse is spotless, no problems there, but the front is...I am just not happy with it. I haven't done anything about until now because I don't know if there is anything I can do about it, except maybe resell it and I probably won't get back what I paid for it. What do you all think I can or should do? Thanks for your help. Dean Irishraider |
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Pillar of the Community
United States
7123 Posts |
Hi Irish That is one of the problems with the NGC slabbed ASE's, or for that matter with slabbed coins in general ,, there is nothing that you can do unless whoever you bought it from will stand behind the sale and the grade. NGC as far as I know will not ,, although I'm far from experianced in dealing with the Grading companies on things like this. Rick |
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Pillar of the Community
 United States
1454 Posts |
Hi Rick, Thanks for the input. I agree that the TPG probably wouldn't do anything about it except maybe grade it lower if I sent it to them. I hate to sell it because I don't want to stick someone else with this thing. I just can't believe it made it past in this condition as a MS-69. I will probably sell it but only with the stipulation that it has these marks and I don't expect to get back out of it what I put into it. Keeping it for now to fill the slot in my NGC box but will sell it once the finances have turned around. |
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Pillar of the Community
United States
751 Posts |
Maybe I'm misunderstanding your problem, but doesn't this apply to you?
NGC COIN GRADING GUARANTEE
The grading of coins is subjective and solely reflects the opinions of the NGC graders. All coins submitted to NGC shall be examined in accordance with NGC grading procedures. In the event that any owner or subsequent purchaser of an NGC coin believes that a coin has been over-graded by NGC with respect to such procedures, such person may submit the coin to NGC through its "Appearance Review" service for a review of the assigned grade. If the grade determined under such review in NGC's sole opinion is ultimately lower than that originally assigned NGC COIN GRADINGto the coin, NGC shall, at NGC's option, either exchange the coin in question with an equivalent coin at the earlier higher grade or pay the difference between the current fair market value of the coin at the newly established grade and the current fair market value of the grade originally assigned to such coin. Due to the volatile nature of the coin market and Internet auctions/sales, the selling prices in these auctions/sales do not necessarily represent the current fair market value of any particular coin. NGC will determine the current fair market value of a coin based upon what NGC believes, in its sole opinion, to be reliable current market information. NGC's subjective determination of fair market value shall be binding on all parties. Removal of a coin from its NGC holder, or tampering with the holder, nullifies this Guarantee. If requested, NGC will remedy any clerical error with respect to the description or grade of a coin on its label, free of charge.
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Pillar of the Community
United States
1454 Posts |
Thanks texasmick. I sent them an e-mail explaining the situation. I will see what they say. Hopefully I can get a coin that is really MS-69. All of the other ones I have are MS-69 and none of them had these scratches on the surface like this. A couple have the notorious spots but no scratches like this one.
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Pillar of the Community
United States
7123 Posts |
It would be interesting to see,, although I think an expensive one to explore,, with Insured shipping , both ways, and then to leave it up to NGC to determine market value for a Bullion silver coin, and pay the difference or EXCHANGE the coin for an actual 69. by the way what is the price difference between a 65 and a 69 or since its at NGC's full opinion the lower grade is up to them also with no appeal !! Im sorry but The more I learn about the TPG stuff the more it irritates me. Irish I did not ask, but does the slab look like it may have been tampered with ? Rick |
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Valued Member
United States
394 Posts |
Irishraider, I had virtually the same experience as you did, but mine was with a PCGS Slab. It was a PCGS MS69 1994-W POW commemorative and I purchased it from wrp3298 on 3 Aug 06 and received about a week later. I purchased three coins from him and the POW slab had quite a few scratches on it and I gave it a quick review and of course noticed the scratches. There was one scratch in particular that I had to have a glass to look at and when I put a glass on it it was not a slab scratch but appeared to have a nick on the coin. I immediately emailed the seller and of course his response was that he is not responsible for certified coins, and after all the reasoning back and forth, he refused to make the deal whole and left it there. I attempted to call PCGS, no luck. Four days after I received the coin, I took it to a coin show and showed it to supposedly, the best slab seller in attendance, and had him look at the coin. He stated that the surface was not broken, but it was definitely a bad bag mark and in no way was it a MS69. I tried contacting wrp3298 some more but to no avail. I don't know if I have any recourse or not. I did not want to get "agita" over the incident, so sucked it in and was going to let it drop until some recent posts on the forum including yours. I still have the coin and still not have decided if I want to contact PayPal or ebay to bring a complaint against the guy or not. I have been in those brawls before and don't feel up to it at this stage of my life. I think he has violated some sort of rules governing the auctions on ebay, but not very experience as I have only been a member for less than three months. Anyhow Irishraider, you have company in that request about what do you think I can or should do? I know the consensus will be to fight it, but? Berry PS: The term "agita" means to get really upset in Italian slang. Edited by Berry
08/26/2006 8:54 pm
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Pillar of the Community
United States
1454 Posts |
It doesn't appear to be tampered with Rick. I tried to pull on it a little bit with just my fingers and it seemed pretty solid. I didn't see any marks where the groove is all the way around the slab. I am not sure of the value difference of say MS-65 to MS-69 on these particular coins. To me it is more of a collection thing. I am pretty weird about this kind of thing. It is like a neatness thing where I want the whole collection to be or look a certain way. It could be a symptom!  The other weird thing is, at least for me, the value itself means nothing. |
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Pillar of the Community
United States
7123 Posts |
Irish
If you had control over either recieving an exchange or the difference I would say send it in,, but I believe the difference between the 2 coins is what you would get in return,,
I believe that to be the lesser of the 2 options that NGC has given themselves complete control over,, and my opinion is that is the one they will choose.
Im sure others will have the opposite opinion and thats all well and good !! But in the long run they are a business and the bottom line is king.
Rick
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Replies: 8 / Views: 1,260 |
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Posted 08/26/2006 6:53 pm
