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Posts posted by t-arc
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yes you have hit the nail on the head. it is a load of spoon!!!
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they don’t call em “green beans” for nothing.
really, how much is one grean worth at your local grocery store?
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I have nothing personal against ngc, nor pcgs. I think they both do a very good job.
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Say pcgs calls the owner of this coin and the owner says “sorry but I lost it somewhere in my house and I am just now trying to locate it.” Every time they call this is what the owner says. Despite what the written agreement to grading might say I don’t see how pcgs get this coin back unless the owner actually wants to have this corrected. He just may have become attached to it and want to keep it as a souvenir. And so it goes. On and on and on. I think this is what may be happening right now between the owner and pcgs. Or the owner could also say “I sold it for x dollars a week ago”, done deal. here is the pix of the coin again. obviously not a matte proof. has no characteristics of one.
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“"I'm glad the owner spoke up and I hope that the mistake can be corrected. He should not profit financially, based on an error of that type and he should not sell the coin to an unsuspecting buyer”"
yes mark, all the OP needs is a big fat 10 grand check from pcgs to settle the matter.
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To be continued. But pcgs could really just offer to give him 10 grand or so. Setting up a middle man such as a reputable lawyer to collect the money. But, just make some popcorn, sit back, and enjoy the ride.
Too bad the owner just did not keep quite.
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Yes, I bet this guy has already contacted a lawyer.
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Over 10 years ago I purchased a 1936 pcgs proof-65 walker half dollar for about $450 when it was valued at $4500. It was a pricing error and they did not catch it. Transaction went thru and I got the coin. About 2 months later
I got a frantic somewhat nasty call from a Heritage employee demanding that I return the coin. I certainly did not have to. But as a company they had treated me well over the years so I worked out a deal where they sent my
lawyer-sister a check for the price of the coin plus an additional $750 for returning it. We were all happy. The coin was mine and I did not really have to return it. If the current owner of the pcgs misatrributed 09vdb cent contacts
a lawyer they could just tell them they want all their grading fees returned plus, say ten grand for their mental anguish. It is HIS coin. And I bet he does not return it.
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I think with the attitude expressed by the owner he will not return the coin to pcgs. And I think PCGS would have a hard time EVER getting it back if the collector wants to play hardball. It is his property.
He can just claim he misplaced it. If PCGS wants to get their lawyers involved fine, but the owner only has $56 involved in the initial purchase and then maybe less than $100 for the grading trip.
I bet he just holds onto it. I bet if he gets a lawyer they could offer to sell the coin to pcgs for $10,000 where the lawyer would have the coin returned after the owner receives the ten grand.
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Wonder what would happen if the owner just refused to return the coin to pcgs. what would they do?
I had a thread going years ago about this coin which is a 1916 "matte proof" lincoln cents WHICH IS NOT a matte proof
& was certified and sold in a heritage auction. if you check the cert number it is still in the data base.
take a good look. probably happens more than you might think. Most respondents to my original thread agreed
that despite the certification it is not a proof. Wonder who owns this now. It was in a Proof 66 rb holder.
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As far as pcgs making errors, I once saw a 1913 type one buffalo nickel they graded ms65 that was no better than a MS61. It was horrible. It had to have been a grading error.
Or the graders and the finalizer were have their worst off-day ever.
Also remember a dealer had a gem unc liberty head nickel and 1916 mate proof buffalo nickel with the labels switched.
slabbed by pcgs.
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OK I am behind on this. Did the new owner send this coin back to pcgs to have it de-matte-proofed?? I think it is in his right to just keep it the way it is.
I know that I would.
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A proof coin can be polished and this has nothing to do with the coin being a proof or a business strike. Right now on eBay there is an ngc polished 1915 matte proof nickel
Good bye
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Post your most recent acquisition: US
in US, World, and Ancient Coins
Posted
my latest purchase (yesterday) from "Way Down South"