hello all. has anyone ever wondered,when looking at a slabbed coin for sale,if it is in the same condition as when it was submitted for grading? i saw some coins that were graded 65 but had some carbon spots on them. i wondered why the tpg gave them the grade as such with the spots? how can one be sure the spot didn't show up after the grade? especially if you feel it shouldn't be a 65 because of the spot. how would you know since a photo doesn't come with the coin to verify? thanks for the thoughts. grizz
its easy if its ngc or pcgs slab just buy the coin and send it to them for regrading if the grade comes out to be lowered they will compensate you for the difference. problems solved. as a rule though buy the coin and not the slab and if you dont like the coin dont buy it no matter what its graded at . cheerio
I bought a PCGS proof 68 DCAM 1970 Kennedy half sight unseen once and the fields were really hazy and oxidized. That was a lofty grade for a really crappy looking coin!!! Never again. I bought the slab and not the coin and got burned. The price of the coin wasn't even worth the shipping to return it.... I guess the coin's 'technical' grade has nothing to do with it's 'eye appeal'.... Have others experienced this?
I don't have the coin anymore, someone on this forum does.... Does PCGS charge to look at the coin? I think I paid $20 for it and sold it for $5. Good riddance! That was the only slabbed coin that I owned.
yes but they wont charge you if its overgraded so if they decide it s actually worth the grade you would enfd up payingmor e
Can a coin change after it is slabbed - absolutely. For instance the half dollar mentioned - odds are that the coin was dipped immediately before it was graded and the haze returned afterwards - that is a common occurrence. As for carbon spots, a coin with a few carbon spots can easily grade 65 because carbon spots are considered to be the result of normal production. But it is also possible for carbon spots to develop after slabbing.
There was a well known Lincoln cent in a PCGS 70 holder that turned after being graded. It cost PCGS 40k to buy the piece back and get it off of the market.
Are we sure that it turned AFTER it was graded? I would be much more likley to agree with the ones that hold to saying that was overgraded from the start. Speedy
Now here is a scarry thing. I dealer I know showed me a slabbed coin that was MS-62. Inside was a coin that was about VG-8 and not even the same denomination. It was impossible for me to see how it was tampered with. He said he did it for a joke and also to prove to people that what you think is safe because it is in a slab is not necessarily so.
Very interesting. Looking at that, I would have to agree that it was simply overgraded from the start. I had thought that it was improperly dipped.
Not with slabs, but I bought a quadrans of Trajan for $70, graded GEF full detail without seeing it. When I got it, it had an incredibly heavy dark patina, which made it very hard to see the "full detail". I guess it had seen no wear, but it was hardly very choice. (although from looking around the net, they always seem to be a bit green. )
