What is going on with this saint?

If he got the coin before the 29th when he first posted it he is past the three day window for making requests for returns. Terms say you have to request permission in writing within three days of receiving the coin.

 

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This is why "real" money I spend in European auctions is spent only after I have a rep look the lots over and tell me which ones are worth pursuing.

I agree every auction has low end coins, but the better ones have good photography and actually look at every coin and notate deficiencies. That and have a good return policy.

Slabs sure haven't helped the need to visually inspect coins at all, have they?

 

No -- and I'm not sure they were ever intended to (except to the naive) -- but it is worth noting that the slab does provide recourse that a raw coin does not.

 

Yes, in this instance they do. If it was just overgraded, error on the label, toning, etc they do not. THe OP was lucky the flaw is one PCGS will cover, albeit in their own way.

 

This thread should be dead. All that needed to said , has been said . It's ludicrous to further advise the OP. Good luck to them .

 

http://coins.ha.com/common/view_item.php?Sale_No=1143&Lot_No=6370

 

hahaha looks like the tpg are no good even for american coins. hahahah.

GD you are worng its not over graded if you close your eyes and pick a grade then you can get a 65

this should go in the hall of lemons for pcgs

 

It was improperly described in the catalog. The auction houses will usually refrain from any description if it is a problem coin like this. Here it is described as a "wonderful" example, with "straw toning". I would describe it as "a problem coin, either the work of an incompetant coin doctor or of unknown environmental conditions. Caveat emptor (suckers)".

There should be loads of options for an owner who paid more than $2000 for a coin way over greysheet ask. I sold a true MS65 Saint "wonder coin" recently for $2000, that would have easily CAC'd. Heritage is paying around $2200 for MS65s if you can get the CAC sticker.

 

Looking at the Heritage photos, I would most certainly agree with you. The OP has no choice but to send it back to PCGS. I'm not sure what if anything they will do to compensate the buyer.

 

That is exactly what i intend to do. I spoke with them today.

 

Looking at the HA photos, I am even more sure that what we're seeing is putty (but still far short of positive). The coin has a VERY similar look to the puttied Indian I posted earlier in this thread.

 

Here's an earlier shot of the coin which doesn't show the putty well, but reminds me of the HA shot (and the way the coin looks in-hand):



I had an earlier shot taken with my D100 that shows it even better, but I deleted that photo.

 

My coin in hand has MUCH less of a two tone appearance, than does the Heritage pic.

 

Any word from Heritage?

 

UPDATE

Ok, here is how it went. The coin was sent back to PCGS for a "spot review". They say they will try to "safely" remove the spots/residue, if they can, then reholder and regrade the coin. If they can't, they will make an offer on the coin. Whole thing was kinda of a PITA because you can't download a submission form unless you are a paid PCGS member - so they had to mail me the forms. They said it could take 6-8 weeks turnaround because David Hall looks at these personally. In the end I recieved the coin back in about 2 weeks. The spots were 98% removed and the coin was regraded 65. All it cost me was about 40 bucks in shipping fees.

I never contacted Heritage about the coin as I had it for about 10 ten days before the start of this thread - got the coin from the mailbox as I was leaving for the airport. Opened the box, saw there was a coin inside and hit the road.

Learned a lesson though, look at the pics more carefully before throwing money around.

 

If you are unhappy with the Saint, you should probably sell it, the top buyers are making strong offers on MS65 Saints that are now bid over $2200! We have all lost money on coins. It is best to put this behind you as a learning experience.

 

mill rat41: Can you post some new images of the coin to compare to the previous pics you posted. Would love to see before/after.

 

I'm happy you received a resolution that you can live with. That is what Guarantee's are supposed to do. I admonish Heritage for not properly describing the coins surface. I mean common, that was in your face damage.

 

Here is the only pic that came out decently so far.