PCGS Grading Errors

[nickelhead-migration]

I recently purchased two PCGS graded coins in two separate auctions and received PCGS slabs with the wrong coin in them. How commom is this? One would think a professional grading service would at least get the coin date right. One was listed on the holder as a 1957 D MS65FS Jefferson that was actually a 1958 D. The other was listed as a 1948 PCGS MS66 and there was actually a 1948 D in the holder. Or is there some other explanation for this?

 

[nwcs]

Mechanical error. You can contact them for a reholder. I think they'll reholder them for free since it is a mechanical error.

[GDJMSP]

I have one that says 1921 Peace with a 1921 Morgan in it.

[gmarguli]

It seems to happen rather frequently. I've seen errors in all slabs. PCGS the most, then NGC, then ANACS.

[BillJones]

The services will reholder for the labeling errors, but you still have to pay the postage, which on an expensive item can run up to $10 to $20. That's really poor when some of these errors are for very obvious things like whether or not a coin has a lettered edge of if a 1921 dollar is a Peace or a Morgan type.

[gmarguli]

That's really poor when some of these errors are for very obvious things like whether or not a coin has a lettered edge of if a 1921 dollar is a Peace or a Morgan type.

 

It could be worse. I once had the highest graded mint state Franklin in existance. A lovely MS68 with super reflective mirrors. Also had a commem that they labeled the wrong type.

 

I used to save the errors up. Quite a while ago I sent a box back to PCG$ to be fixed. PCG$ actually paid shipping both ways. Those were the good old days.

[coinman1794]

I have found a lot of errors in PCGS slabs, and less with NGC and ANACS.

 

Once I sent my 1935-D NGC MS67 10c. in to NGC for a reholder and it came back labeled 1872 $20 AU58! I sent it back and they fixed the problem.

[truthteller]

In the begining of electronic sightunseen trading, several dealers would use the label and not the coin for a trade. If a cleveland commem was in a mislabled robinson commem PCGS holder, they would hit the bid on the robinson. This freaked out many bidders until the sightunseen rules required that the coin traded be the coin within the holder.

 

TRUTH

[Wihlborg]

Truth,

 

Now I think I've heard it all! How can anyone sell a coin as different issue just because the holder’s label was wrong? This would REALLY be buying the holder and not the coin!

 

The only reason I can think of for doing such a thing is that the dealer was 'stuck' was a mislabeled coin and did not want to be bothered with sending the coin back in to be corrected so he just passes it off to the next guy, maybe at a profit! IMO any dealer doing this is guilty of blatant misrepresentation and fraud!

 

John