NGC Error or seller fraud?

Discussion in 'Coin Chat' started by tlasch, Mar 6, 2011.

  1. tlasch

    tlasch Penny Hoarder & Food Stamp Aficionado

  2. Avatar

    Guest User Guest



    to hide this ad.
  3. jcakcoin

    jcakcoin New Member

    ***EDIT***
    Ok, I thought you typed in the wrong serial #.
    Sorry about that, not your fault. I just wasn't thinking :bangg:
     
  4. tlasch

    tlasch Penny Hoarder & Food Stamp Aficionado

    umm okay how is it my fault. I know it say's its PF70 when the auction say's its PF69 thats why I am wondering
    Why would the serial to the coin match a PF70 and not a PF69
     
  5. bigjpst

    bigjpst Well-Known Member

    Ngc, and pcgs both make clerical errors when documenting coins for their cert verification. I seriously doubt that the seller is trying to defraud anyone. He has more than 1 available and you probably won't be getting the one in the picture anyway. That is why he doesn't list the cert# in the item description. And why would he try and defraud by selling a more expensive coin for the price of a less valuable one?
     
  6. tlasch

    tlasch Penny Hoarder & Food Stamp Aficionado

    I was actually thinking the other way around. Someone searches the serial and finds it's worth $51! And instinctively clicks on Buy it Now!
    not knowing they are buying a $12 coin

    I always search the cert number, even if the seller states your coin will have a different cert number so I know how much a fair price for the coin is, this way I know if I am getting a good deal
     
  7. bigjpst

    bigjpst Well-Known Member

    Although I am trying to understand your point...If the person clicks the buy it now and buys a coin thinking it is worth $51, but is only paying $12 ,then finds out it is exactly what is described in the auction, and pictured in the auction, and is worth the $12 they paid for it, is that fraud? And I personally would not use the NGC price guide to determine price. Or the PCGS. They are both fairly high retail pricing.
     
  8. tlasch

    tlasch Penny Hoarder & Food Stamp Aficionado

    true, just saying I like to know the retail price of a coin before I buy it for the sellers price, any form of education I can provide myself I presume is valuable as opposed to let's say buying a MS-65 morgan dollar for $700 when NGC says that very coin is only worth $80
     
  9. jcakcoin

    jcakcoin New Member

    Delete this
     
Draft saved Draft deleted

Share This Page