Got my coins back from NGC and noticed the five dollar gold coin labeled as a one dollar silver, so I looked through my silver coins and sure enough there it was, one of my one dollar silver coins has the five dollar label on it.. Any suggestions : Send them back to be corrected. Sell them as a set, Switched at birth , maybe a premium ??? Sell individually, premium, no premium ???? Keep them
If your plan was to sell them, I would sell them right now. Some of the label collectors out there will drool over this "error." If your plan was to keep them in your collection, I would send them back and get them corrected. TC
And they are wrong when you look them up at NGC also. I suppose you could just send back the silver and demand that the coin be replaced
Makes one wonder how accurate can their grading be in such a gluttonous rush to rake in profits. If ever there was a reason to buy the coin not the holder...
Why is it that TPGS greed is automatically deemed the reason for clerical/mechanical errors? Have you considered that it is the greed of the submitters (not implying that CC3 is one of them) hoping to flip these for huge profits and want them returned as fast as possible? Chris
[Edited to add...] The surge in demand to turn these coins around to appease customers is one good reason, and all the touting of their careful tracking is out the window. Someone could have easily been pressured to process the order quickly. Label errors occur, certainly, but given the nature of these coins and the amount of money people feel are riding on them getting your companies slabs out ASAP, ahead of the competition, and into the aftermarket is a kind of greed. I have absolutely considered flippers greed, but replied to that in other threads in regards to that and these coins. I attribute greed to the Mint, some flippers, dealers and TPGs. And I don't imply CC3 of this either, just to be clear.
I would keep it, but if for sale then you will get a premium for them. Collectors love that stuff. Kind of makes you wonder how much attention they give the coins while grading them, if they can not even double check before sending out. This is embarrassing for NGC. NGC wants them back, you can bet on that.
Reminds me of an old saying, "Never ascribe to malice what can equally be ascribed to stupidity" or something to that effect. You know, humans make mistakes from time to time. Graders are no different. I wouldn't even chalk this up as a mistake by the graders; the people responsible for labeling the slabs are probably completely different people than the people that examine the coins and assign them a grade. Personally I'd send them back to be corrected. Unless you just like the novelty of a labeling error. I wonder how collectible those are... I've seen quite a few labeling errors, even by the top TPGs. If I were in the market for mislabeled coins maybe, I don't know, $1 or $2 above what the coin is otherwise worth? Who knows, maybe you can stumble on a new market here (I've already seen people who collect packaging errors lol...).
I don't see how greed has anything to do with this simple error. Stuff happens. It would be interesting to see it on Ebay. NGC may ask you to let them fix it. If I bought it to be part of my collection, I would just keep it the way it is. I love coins in my collection that are special and have a cool story behind them.
I remember one year at the FUN Show I was seated at a dealer's table going through his 1878 8TF Morgans. This particular dealer was staunchly pro-PCGS. When an acquaintance seated next to me pointed out that the 8TF in my hand was mislabeled and should have been a 7TF, the dealer literally grabbed it out of my hand and put it away. Chris
Would it be allowed on eBay? The coin is certified but can't be listed correctly with it's cert number entered. Would eBay shut down the listing(s)?
You don't have to enter the cert number in order to list a certified coin. Ebay would not shut it down for that reason alone. Some of the ebay police may try and report it for some kind of listing error, but if they were sold as a pair, and clearly listed as the actual coins I don't think there should be a problem.
There was a 1945 Mercury dime in a PCGS 67FB holder in a fairly large auction last year, and to the auction companies credit, it was clearly stated that the coin was not FB(flat as a pancake) in the catalog and online, but they did not send it in to be corrected. I'm guessing some registry participant bought it cheap, and it is sitting in a set somewhere flat bands and all.
Don't get it fixed. It can always be fixed later, if a buyer wants a correct label. You have a much rarer item that a pair of 70 HOF coins.
