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Tragedy Narrowly Averted

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JAA

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EXTREMELY RARE Proof Coins from the Dr. Greg Pineda Philippine Collection almost lost due to USPS foul-up.

I was elated last month when I won four gorgeous lots of Proof coins at the Dr. Greg Pineda Philippine Collection Auction. The highlights of my winnings were a 1905 Five Centavos PR65, 1906 Ten Centavos PR66, and two truly irreplaceable coins a 1903 PR66 RD Half Centavo, and 1903 PR66 RD One Centavo.

My check cleared some time ago so I have been anxiously waiting for my treasures to arrive. Lyn Knight Currency Auctions, the auction house that conducted the Dr. Greg Pineda Philippine Collection Auction, ships through the USPS (via Priority Mail with Signature Confirmation) and insures their shipments with a third party insurance carrier.

Supposedly packages sent with signature confirmation are only delivered to the person authorized to sign for them and they are never just left in a mailbox or on a doorstep.

The mailman came and left yesterday and no coins. Then late yesterday afternoon a neighbor rang my doorbell and handed me a package that he found on the ground in front of his house. Yes it was my irreplaceable Philippine proof coins!

Although I am very relieved that my coins arrived safely I am really shaken by how close they came to being lost to me forever. Although the package was insured and Lyn Knight would have refunded my purchase price there is no way that money could replace these rare treasures especially the EXTREMELY RARE 1903 PR66 RD Half Centavo, and 1903 PR66 RD One Centavo.

I definitely plan to have a little talk with my local postmaster Thursday morning. According to the USPS "Track & Confirm" web site my package was "Out for Delivery on July 02, 2012, 7:36 am" and "Delivery status not updated July 02, 2012, 9:46 pm". I'm anxious to hear his explanation for how the package was found lying on the ground in front of a neighbor's house.

On a more positive note all of the coins were stunning. The pictures on the Lyn Knight Auctions and PCGS Certification Verification web sites did not do justice to these beauties. The 1903 PR66 RD Half Centavo and 1903 PR66 RD One Centavo are fabulous with brilliant fiery red mirror surfaces. Conservatively graded by PCGS they could easily have graded PR66 RD + or higher.

The attached picture of the reverse of my 1903 PR66 RD Half Centavo is from the PCGS Certification Verification web site. I definitely plan to send all of my Pineda collection proofs to PCGS for high resolution True-View Photos which should do a much better job of capturing their beauty.

For the story behind my 1903 PR66 RD Half Centavo and picture of the obverse click here:

http://coins.www.collectors-society.com/JournalDetail.aspx?JournalEntryID=11642

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