NGC Messes Up An Easy Congo Coin posted by Congo Kid

[CSJournals-migration]

Easy Overdate Missed

 

I just bought a coin from an eBay auction, which was graded by NGC. The coin is a lovely coin, and properly graded, but it is not a standard 1888 5 Centimes that it was labeled as. It is in fact a 1888/7 5 Centimes, which is very easy to detect and should have been caught by NGC. I have 3 Gem 1888/7 5 Centimes pieces (NGC MS66RB, PCGS MS66BN, and NGC MS65RD). This is a common and well-known overdate that NGC should have caught with a second of looking at the date. Not only do I not need this coin, but if I did and wanted it corrected, it is a pain to ship the coin etc. I have a group of 4 others that need to be properly relabeled for an pedigree, and I still haven't sent them in because of the hassle.

 

Thoughts?

 

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[brokencompass]

For Error coins you have to mention that it is an overdate in the invoice when you send it. They also charge $15 for the error coin attribution service. Not sure if the overdate qualifies as an error.

[gmarguli]

This is a variety, not an error and NGC does not charge for this variety attribution.

 

Should NGC have caught it? Sure, it is a super common variety. Should the submitter have caught it and put it on the submission form? You bet!

 

Given the fact NGC grades about ~7000 coins a day and it likely wasn't listed on the submission form, you can't really blame them for this oversight.

[Six Mile Rick]

Yep the variety attribution coins are a hassle. I have been saving up as I find one and now have 9 to send in. First you will need 5 for a submission and you will need to check the selective box for variety attribution cost. It will cost extra for each coin but that also includes a scratch resistant coated slab.

[gmarguli]

If NGC messed up the insert, you do not need to pay to have it corrected, other than the cost of shipping. You also don't need to send them a minimum of 5.

 

The Congo coin is listed in the Krause catalog and NGC will attribute this at no additional cost. I know as I've had these slabbed. They're common. The $12 extra cost is for more esoteric varieties, like Cherrypickers numbers.

[Six Mile Rick]

Thanks gmarguli, Sometimes it is a hard decision as to which ones need the variety attribute paid and the ones that will get the variety without the fee. I have also sent in a new variety found and paid the variety fee just to be kicked out the door in a regular slab (that won't happen again).

 

Rick

[MarkFeld]

Curiously, were you unable to see the over-date in the Ebay listing image?

[Scott A]

Yes, gmarguli is correct in that this is not an error, but rather a well-known and readily detectable variety. I have 3 superb pieces already. The dealer that sold me the coin is taking it back without any problems. A very good dealer. I could not see the date up close to determine the overdate, or I wouldn't have bought it. Yes, NGC grades a lot of coins, and mistakes will happen. It is still a pain in the butt to have to mail things back at your own expense, not to mention the added risk incurred to mail things back. I guess that's the way it goes sometimes. I have a set of four pieces that they made a mistake on the pedigree. One of these days I will send them in to have them correct it. Sigh.