Ebay...Still a Cherrypickers Paradise 2017'

He get a lot more than $40,000 out of that case lol

 

Log in or Sign up to hide this ad.

I can provide three individual reasons why this video is badly out of date:
1) Hall says PCGS has graded over 11 million coins. They have now graded 3 times that many.

2) He says PCGS is the largest and most respected TPG service. Factually and numerically, they are the second largest and that respected thing is taking a MAJOR whuppin'.

3) David Hall in a coat and tie?!?! This is an antique video.

 

I would bet the owner of this coin just holds onto it till pcgs coughs up some serious cash. He has done nothing wrong except talk about his score in the first place.
I have a question to ask. Who is the number one grading service? How do you determine that? Above it was implied that it was ngc. What is the determining factor. The value of all coins submitted? The number of coins slabbed? The value of the coins slabbed? The value of all coins devided by the total number slabbed or in other words the average value of each coin. On and on it goes, what is the option of others herein?

 

I once bought a proof-65 1936 walker half dollar from Heritage galleries for $450 when it was worth about $4500. It was an error in their database as to the price.
About two months after I purchased it one of their reps called me and demanded that I return the coin. I worked out a deal with them where they paid refunded my money plus an additional $750. I was happy as the had treated me well in the past and I wanted to continue to work with them. The owner of the misattributed 1909
matte proof lincoln cent needs to just sit back and wait for pcgs to make an offer.
To me he should be able to get some serious cash out of pcgs’s “screwing the pooch” on this grading/attribution abomination. Like ten grand or so. I am sure that he
has contacted a lawyer by now.

 

Prices realized for coins in comparable grades, liquidity, where the top coins are ect. Right now it's PCGS, the price gap between there coins and NGC coins has been growing for a few years in many areas. You won't see it everywhere but you do see it in a lot of areas and it is often very significant at the upper end. A lot of NGCs best coins have been getting crossed over to PCGS for some time now.

 

PCGS has absolutely no reason to offer the OP anything. The OP didn't pay for a matte proof; he didn't think when he bought it that it was one. PCGS doesn't think that it is a matte proof; they accidentally labeled it as one.

Had the OP bought the coin based on the label then and only then would PCGS have any liability to make him whole.

 

to okbustchaser above
you are probably right but I still think the OP sits on this one and lets PCGS
“swing and twist” in the wind for “screwing the pooch” on this coin.
Time will be on his side.

 

To what end though? There's no way you can sell a 5 figure coin that has had it's cert number pulled

 

People seem to think that this is just some know-nothing in the plastic slab sealing room typing in the two wrong letters "PR" instead of "MS". But, that's not how PCGS tracks coins.

The Matte Proof 1909-VDB RB coin is given a PCGS Coin No. of 3301.

The MS Strike 1909-VDB RB coin is given a PCGS Coin No. of 2424.

Those coin numbers dictate what the grade attributions can be (PR vs. MS). So, it's not a "typo" as many people think -- this is a true mis-attribution by PCGS. None of the Coin No. digits are the same, so someone along the way (grader, verifier, etc) entered this coin as 3301 -- Matte Proof 1909-VDB.

PCGS tries to save face for this egregious mistake by claiming that someone just typed in the wrong two letters somewhere. Yeah, they "screwed up". Period.

 

And yet, the OP is STILL not out a dime. PCGS owes him two way postage to have the coin properly attributed--and not a cent more. Would tossing in a couple of free grading vouchers be a customer service bonus? Sure, but still not owed to him.

 

The OP paid PCGS to get it right. They screwed it up, not just a typo. They should do what they deem as correct to remedy the situation.

I'm not advocating that the OP be paid $40,000 -- I find that ridiculous. But, PCGS should admit their screw-up as a genuine mis-attribution (not a "typo"), and remedy the problem accordingly with some sort of voucher or otherwise a monetary guarantee payout.

 

I mean, at least a David Hall hand-autographed ugly Hawaiian shirt, right?

 

My opinion is that when you use the word "largest", it means one thing - the most coins. And in the video posted upthread, that was the context in which Hall was using it. It was true then. It's not any more.

 

Methinks the gentleman doth overestimate the wisdom of a collector when greedy eyes striketh.

 

I mean, we're getting to the point where the TPG's guarantees are worthless. I don't know why we pay these guys $30-50 a pop to put our coins in plastic -- as "professionals" -- if when they get it wrong, they rely on the submitter to catch their mistakes. That's why we paid them in the first damn place!

 

Yo, yo, yo! I'm feelin' ya', bro'. 'Ssup, dawg?

 

Wouldn't even cross this over WOW..I guess the company mad at me for MY 1909 VDB "OH WELL"..I feel shame to even say that I'm a Platinum Member..The Coin World is a tuff place to be so after this year I'm going back to the cattle bussines attlease there I'm over $100k strong..LP..!!!!!

 

It's a little tough to "expect" any circulation quality cent in MS67RD to cross, EITHER direction. More risk than it's worth given copper's inherent chemical activity.

I guess the cattle "bussines" doesn't require much in the way of typing ability, though. Good thing, eh?

 

Not at the 5 figure level. Auction houses would know its toxic and a local dealer would probably sue for their money back if they even paid up front for it with no research