How in the Heck???

Did THIS get in THAT holder??

http://coins.ha.com/c/item.zx?saleNo=1173&lotNo=5039

This coin is for sale at a local auction tonight... I think PCGS really flubbed this one.

 

Log in or Sign up to hide this ad.

Maybe

HMM, What am I missing here. Sure its a weak strike but they didn't grade it 66. Maybe a little market bump because of rarity, Personally I don't like the coin, but I am good with the grade.

Mike

 

It's a weak D and NOT a No D...

 

Bingo... I'm not sure how it sold for as much as it did in the link I posted.

 

Buying the slab and not the coin?
It sure looks like there's a D there to me too.

 

It is graded according to die state. I say it's weak D too. Correctly graded, though.

 

I don't understand how it made it all the way to auction without someone seeing the D.

 

It's not the 'D' so much as the second "2'.

 

So in this instance, where PCGS misidentifies the coin, are they liable? Or are they just going to punt and say its a "clerical error" so they do not have to be held responsible for shoddy work?

What if they label a "poor man's double die" as an authentic 55 DD, same answer? Just wondering at what point ARE they responsible for anything.

 

Now I get it ...........

 

Actually in the auction description, it mentions the shadow of the D if it is tilted right. I guess in the photo it was tilted right

 

Depending on the Buy price for the buyer, there's still a way to make money on this. Send the coin to PCGS and have them re-evaluate it. If it is a mistake and they change the designation, doesn't PCGS have to pay out the difference in price?

 

Not if its a Clerical error... But since it has the Pedigree of what collection it's from, I doubt they can claim that it is. Also, their (PCGS) guarantee is not for retail $$$ but something different...like dealer wholesale $$$

 

This coin was in a no reserve auction here last night.

It went for $2750 plus the 19% juice.

 

I would agree with your designation, but look at the Heritage's slab picture. It does not justify everything, but at least it looks a bit more plausible from the slab picture.

 

Wow, 45% haircut (at least) for the previous owner.

I see Numismedia lists $56K+ for an actual no-D 1922 in this grade. I wonder if the buyer is simply angling for a big payout from PCGS...?

Edit: didn't see Doug's last post. Sound like plenty of tears for everyone in this transaction. Except, of course, the auction house.

 

In some cases the forums bring enough attention to a coin and the TPG will step in and fix it.
It probably turns out to be good PR for the TPG.

I'm lost on this coin. Just a funky image?