Rick Montgomery makes things right!

[Hoot]

Some of you may recall that I had won a 1946 Jeff nick in a Teletrade auction a few weeks back that was graded MS68 by NGC - finest known. The coin was overgraded in my opinion, and in an old holder that was not doing its job of preserving the piece. I had to contend with the possibility of sending the coin back to Teletrade and getting dinged for the return, or sending it to NGC for Appearance Review and hopefully having it removed from the market.

 

Alas, Rick Montgomery called with results, concurred with the basic assessment of the coin, and has bought the coin back. This is excellent news for me and also for the hobby. This is great customer service and a show of integrity.

 

Hoot

[Tradedollarnut]

[EVillageProwler]

[jtryka]

Excellent outcome for all involved!

[Wihlborg]

Hoot,

 

Great results! You have not been hurt, and an overgraded coin is off the market.

 

A big to NGC!

 

John

[gmarguli]

That's great to hear. Nice to know that NGC will step up and makes things right!

[reid1836]

Never expected any less. NGC is certainly what I look for in a grading service.

[TomB]

Terrific!

[MikeKing]

for NGC

[jom]

This is great news!!!

 

Customer Service: What a novel idea! I've heard the "Standard for the Rare Coin Market" in coin grading, PCGS, is considering adding this idea to their company. They were going to do this earlier in the year but they spent too much on taking out ad's in Coin World, using up all of their "Whine and Cry" budget. Oh well, maybe next year.

 

 

jom

[Leothelion]

I don't see anything here to get excited about. Were you expecting something less from a master coin grading company! All this great service is probably getting on pcgs's nerves!

 

Leo

[Dry]

PCGS really lost out when Rick left.

[EVillageProwler]

Customer Service: What a novel idea! I've heard the "Standard for the Rare Coin Market" in coin grading, PCGS, is considering adding this idea to their company. They were going to do this earlier in the year but they spent too much on taking out ad's in Coin World, using up all of their "Whine and Cry" budget. Oh well, maybe next year.

 

[DonHeath]

Hoot, great story. Certainly Rick deserves recognition for his actions, but in my book, so do you.

[michael]

[CarlWohlforth]

I'm very pleased to learn of this outcome. It is good for all parties involved.

 

And it didn't even take very long! I've returned coins to TT and had to wait longer for the check minus all sorts of fees...

[James_OldeTowne]

Hmmmm, I guess it didn't have a Norweb pedigree?

 

Just kidding. That's phenomenal and speedy customer service. Followup question: what happens to such a coin? Do they curate it and put it back on the market in an appropriate holder? Or do such coins just remain in house as reference material? I'd love to know.

 

James

[Hoot]

Hmmmm, I guess it didn't have a Norweb pedigree?

 

Just kidding. That's phenomenal and speedy customer service. Followup question: what happens to such a coin? Do they curate it and put it back on the market in an appropriate holder? Or do such coins just remain in house as reference material? I'd love to know.

 

James

 

It was a Notweb pedigree.

 

Rick said that they would "keep the coin around as a souvenier." I thought that was rather funny. Maybe they'll use it as a reference piece or perhaps they'll glue it to the wall they play darts on.

 

Hoot

[airplanenut]

Hmmmm, I guess it didn't have a Norweb pedigree?

 

Just kidding. That's phenomenal and speedy customer service. Followup question: what happens to such a coin? Do they curate it and put it back on the market in an appropriate holder? Or do such coins just remain in house as reference material? I'd love to know.

 

James

I think it depends. Assuming they do what PCGS does when they buy back a coin, the coin will either be downgraded or curated and regraded, then sold at auction. Alternatively, the coin can stay in house--I believe PCGS kept the 1963 PR70DC cent in the grading room with a sign saying "A $40,000 mistake"

 

Jeremy

[gmarguli]

I think it depends. Assuming they do what PCGS does when they buy back a coin, the coin will either be downgraded or curated and regraded, then sold at auction. Alternatively, the coin can stay in house--I believe PCGS kept the 1963 PR70DC cent in the grading room with a sign saying "A $40,000 mistake"

 

I think you are thinking about the PF69 Indian cent. The story, I have been told, is a *story*.

[Leothelion]

Opportune time! Opportune time! So it didn't look like this one?

Click to view supersized image

 

 

 

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ANACS MS65 5 Steps PL obverse, spiked chin and 6 nice steps!Leo

[airplanenut]

I think you are thinking about the PF69 Indian cent. The story, I have been told, is a *story*.

Now that you say it, I think you're right. On the other hand, that cent was a $40k mistake, though