PCGS question...

Thanks everyone!

 

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Do let us know how things turn out once they arrive, and for what it's worth, anyone buying on ebay today who is willing to take their lumps over and accept ownership of a mistake, if one was even made, is an asset to this hobby. I truly hope all works out to your satisfaction.

Oh, and happy birthday too.

 

The coin photo'd looks like it may be a spot not a mark. If so, it's possible it wasn't there when the coin was graded.

 

True, but back then they didn't have a printed price guide. The their price guide came along..........and THEN they ignore it when they came up with their FMV prices for compensation.

News Flash! NGC doesn't use theirs either.

And if it wasn't then the grade guarantee doesn't apply. They don't cover coins that turn (go bad) in the slab after grading.

 

That says a TON!

Basically, if a dealer has no need and/or no customers that are looking for the specified coin, then the dealer is not going to pay even close to published price guide value for the piece.

Therein lies the problem with purchasing PR/MS70 coins at a premium as that "premium" may affect the price guide "at the time it was added" but it has no affect on what the coins true value might be.

My advice on the subject is to stay COMPLETELY away from PR/MS70 graded coins, regardless of the TPG that did the grading, unless you have the numismatic maturity to deal with reality. That reality is that you will NEVER recover your premium costs when it co,mes time to sell. ESPECIALLY for coins minted from 1999 to present.

 

I thought grading was in part dependent upon the market quality... hence if your scratched coin contains less scratches than any other rated/valued coin, then it could qualify for a higher rating. If 10 more with less scratches were submitted, then the next guy with your identical coin would receive a lesser value. Is this correct info?

 

The only mistake you made was flushing your money down the drain buying modern graded coins

 

No such coin as 70

 

I beg to differ...... big time

 

If you really want to open a can of worms...... use the ebay buyers protection plan

 

Differ all you want big or little time. Multiple articles have been posted here, some by myself that go into detail showing issue after issue dropping like a rock. Modern 70 coins are a joke but you won't hear the punchline until you try to sell.

http://www.coinweek.com/modern-coins/the-collapse-of-the-2001-s-sacagawea-proof/

 

Yup, all these MS/PR 69-70 owners will be in for a rude awakening!

 

Why would you even suggest such a thing unless, perhaps, in jest?

It is a sad, sad day in this hobby if it ever becomes generally acceptable for a buyer to open a case, for simply not agreeing with a TPG assigned grade, especially if before they even have the coin in-hand. Hell, in this case the seller even noted possible issues in his description, but who could reasonably expect a buyer to read anything besides the title, or maybe look at the pretty pictures. If I've misunderstood you have my apologies, but the complete lack of personal responsibility often urged on this board is pitiful. The same common sense standards that apply when buying in real life should also apply when making a purchase on ebay, and punishing a seller who has done nothing wrong by filing a case is simply unacceptable.

 

The 2001-S Sacagawea Proof reminds me of the time I went to Coin Dealer to see if I could sell some of my US Mint Extras. He tallied up the price and came back about $120 higher than what I'd calculated! Blew me away! Turns out, I had no idea that the 2001 Proof Sets were commanding $120 to $180 per set at the time I was selling.

Those days are long gone though.

 

I don't think the MS69 coins fall into the same category as the 70's.

I don't collect moderns, but from what I tell, the 69's aren't priced sky high. When you take out grading fees, they seem reasonable. Again, don't collect them, but I do have some modern commems in 69, that I got for a little over melt + grading fees.

 

For every modern 70 coin someone can point to as proof they can go up there are 99 that plummeted