NGC error label with a CAC sticker

So this is a good one I just saw today. A buddy of mine is doing a registry set. He bought a nice MS example off of ebay. I won't disclose what it is to protect identities of both parties. So it's a relatively high grade MS example with a CAC sticker. The date is correct but when you check out the reverse, there's clearly a mint mark! The mint mark is not noted on the label. So it got past NGC, CAC, seller, AND buyer until it was in hand. Now the cost difference is negligible. Nearly the same. Too bad it wasn't in his favor. lol
Anyway, he could send it in to NGC and they'd fix it for free but would lose the CAC sticker and who knows how long before you'd see it again. We've had a simple re-holder order down there for months now that was supposed to take 10 business days.

What do you guys think of this? Its a half dollar so not a small coin to analyze. Makes me wonder if somebody submitted it wrong and they just followed what was on the paperwork. He's going to return it.

 

Log in or Sign up to hide this ad.

I cant speak for the seller or buyer, but NGC saw it when it was graded and just picked the wrong label and CAC absolutely saw it but something that obvious usually doesnt stop approval

 

If they saw it why would they send that out the door? Somebody in QC should have kicked it back.

 

The graders saw it at NGC, cant speak for the shipping department. CAC definitely saw it too its just one of those things that anyone can see. There's no chance NGC and CAC both missed it as that would be like 6 or 7 graders somehow not seeing a mint mark

 

I've sent NGC two 1939 D Jefferson Nickels in the last couple of weeks that were incorrectly labeled. Both were labeled 1939 P Rev of 1940 - first is actually 1939 D Rev 1938, second is 1939 D Rev 1940. First one took about a week to get back. Second one has already been there a week, but I'm hoping it gets done this week.

Of course, I'm also waiting for NGC to finish my world coin submission that's been there since July, so...your experience may vary.

On a fun side note: When I called about the first 1939 Jefferson, their customer service person was very knowledgeable and got me taken care of within 2 minutes. The SECOND coin, however - I must have gotten someone who just started working there, because he seemed very confused as to what I was calling about and actually questioned whether NGC puts the mint marks on the labels.

 

Since JULY????!!!

 

writes:

Mr. Baseball, "Superhero Defender of the major TPGS and CAC," unless you work for both NGC and CAC, I consider these posts to be pure.

I can see it now: Hey guys, let's send out some examples of our inattention.
The fact that CAC put their sticker on it (they possibly saw it) reflects on them also.
IMO, they should have sent it back with a note rather than a sticker!

baseball21, posted: "I cant speak for the seller or buyer, but NGC saw it when it was graded and just picked the wrong label and CAC absolutely saw it but something that obvious usually doesnt stop approval."

baseball21, posted: "The graders saw it at NGC, cant speak for the shipping department. CAC definitely saw it too its just one of those things that anyone can see. There's no chance NGC and CAC both missed it as that would be like 6 or 7 graders somehow not seeing a mint mark."

IMO, over a dozen people had a chance to remove this mistake both outside and inside the slab. I'll bet most of the folks on Ebay saw it if the reverse was shown. I'll guarantee the owner saw it and put it on Ebay because many folks collect these mistakes. I'll bet the fact that it also has a CAC sticker makes this "error" slab VERY RARE and desirable.

 

EDIT: I WAS INCORRECT - my submission was delivered at the end of August, not July. Went and looked into it and discovered my error. Sorry! It’s still been there since forever and a day…

Package was delivered at the end of (edit: August), took them a month to open it and get it checked in. Had a world economy submission with varieties, then AFTER the sub finished with the grading process (they don’t let you know at the beginning) one coin was flagged for “Residue” so NCS took over. That one coin has been sitting at NCS since Dec 13, and holding up entire submission.

I am frustrated, to say the least.

 

Anecdotes of this kind are always very interesting, and the logic for the lookwhattheydid post solution usually seems to be absent: why didn't the collector contact JA?

Why would a collector that is involved with the NGC Registry Set want an incorrect designation for the piece? It would more than likely be recognized as incorrect and NGC would probably react.

Or, is it because of the loss of the CAC designation, and what that means economically?

If JA was contacted, the explanation would be forthcoming, and if it is a label error or evaluation error, I am quite certain CAC would remove it from the listings.

 

AMEN! I think that collectors drive the market for label errors. They make a big thing about it (it's embarrassing but not a big deal unless someone gets taken for a lot of money - 3c Nickel Proof labeled MS) when they find one listed.

I tell the story in class about a major coin show where PCGS had a single case lined with black velvet showcasing an NGC label error. I was working at PCI at the time and quickly was able to buy two PCGS slabs that were mislabeled at the show. Then I walked over to the PCGS table and asked if they wanted to display their mistakes. Ha, ha, ha. A short time later they had removed their original display and put other things in the case.

 

Hence, the reason that I'm going to start a company that puts stickers on top of the CAC stickers. And, if that goes well, I'll start another company to wrap the whole thing in another layer of hologrammed saran wrap.

Apparently people are willing to pay for anything that distinguishes their coins from the rest, and accuracy isn't all that important, so big money here I come!!

 

As far as I know, CAC checks the accuracy of the grade ONLY.

 

Yea their turn around is absolutely insane right now. It takes them a month just to open your package and world economy is at like 110 business days. It's borderline unethical they charge you as soon as they open the box with these times

 

Like those suitcase wrapping machines at international airports?

 

That was my plan too. A little ℳ sticker to go on the end of a CAC sticker to let buyers know that Marsden approves of CAC's approval of the TPG's approval of this wonderful coin.

 

Rightfully so. I feel for you...

 

Well, I had some I wanted to send in.
I guess I won't be doing that until those times start shortening up.
Or I'll just wait until the next big (ANA or Central States) Chicago coin show to submit to NGC.

Sheesh.

 

You said your buddy bought the coin off EBAY. NGC slab with no mint mark noted and the coin has a mint mark. The slab has a CAC sticker on it. That means CAC looked at it and agreed on the grade but, the label on the slab is wrong. I see two red flags here. Is the coin / slab & CAC sticker counterfeit? Don't think I'm kidding there are NGC, PCGS, CAC stickers as well as coins floating around the market.

My first problem is why would someone send in a slab to CAC for an evaluation with the wrong label? I wouldn't do it. I would hope CAC would reject it just because of that. CAC is certifying that they agree with the grade on the slab. Well, if the label doesn't match the coin how can they agree the grade is correct? I could be wrong but, maybe CAC would put their sticker on it. However, it kind of defeats the purpose that CAC is supposed to stand for.

First thing I would be doing is contacting CAC to find out if they have put their sticker on a slab with the wrong information on the label. If they aren't sure I would find out if they would be willing to look at the slab.

 

1865King, posted: "Why would someone send in a slab to CAC for an evaluation with the wrong label? I wouldn't do it. I would hope CAC would reject it just because of that. CAC is certifying that they agree with the grade on the slab. Well, if the label doesn't match the coin how can they agree the grade is correct?"

I agree, but one poster has lead me to believe that CAC does not care about the coin's true date or mint. This is easy to resolve with one phone call to CAC.

The reason I'm responding is the grade of ANY coin is only determined by its condition and not the plastic it is in or the paper label. So, if the grade is "correct" then the grade is "correct" and that's basically what a CAC sticker does - right?

 

It's not a highly expensive coin and it's definitely the same coin NGC has photos of within their system. The CAC looks genuine to me.