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An Impressive 1838 Sovereign, PCGS Blew the Call on This One, Period!
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<p>[QUOTE="7Jags, post: 5184890, member: 78719"]This coin no longer belongs to me, but has a possibly interesting story and I suppose supports something of an indictment of the whole slabbing business with regards to such coins:</p><p><br /></p><p>I purchased it on Ebay about 15 years ago; I was perusing the listings from the UK version and spotted what appeared to be a somewhat poorly handled but very impressive 1838 sovereign for a princely (!!) 1250 pounds inclusive to the USA.</p><p><br /></p><p>It finally came some three weeks later, I opened the package, and saw a magnificent coin that struck me as special (and naturally as is oft-said "appeared MUCH better in hand"). The rub seen is rather overboosted...I will spoil the surprise in that it was an unlisted proof milled edge 1838, the specific type not known in any of the usual sources.</p><p><br /></p><p>Now, I knew it had been lightly cleaned but [foolishly] submitted it to PCGS who promptly "bodybagged" it as a genuine. So I removed it from their PVC plastic flip - no, not even a slab - and held it aside.</p><p><br /></p><p>Not to drop names, but I have a certain very good friend who might be considered one of the true expert in the late milled series and he confirmed what I knew. Because sovs are out of my series, I used this coin as part of a trade for an extremely rare set of 20th Century silver patterns from his firm, receiving many multiples of the purchase price in value at trade and allowing me this set which I'd not be able to have managed otherwise, which he was able to do as he had a ready buyer. So a happy ending....</p><p><br /></p><p>[ATTACH=full]1213235[/ATTACH] [ATTACH=full]1213236[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="7Jags, post: 5184890, member: 78719"]This coin no longer belongs to me, but has a possibly interesting story and I suppose supports something of an indictment of the whole slabbing business with regards to such coins: I purchased it on Ebay about 15 years ago; I was perusing the listings from the UK version and spotted what appeared to be a somewhat poorly handled but very impressive 1838 sovereign for a princely (!!) 1250 pounds inclusive to the USA. It finally came some three weeks later, I opened the package, and saw a magnificent coin that struck me as special (and naturally as is oft-said "appeared MUCH better in hand"). The rub seen is rather overboosted...I will spoil the surprise in that it was an unlisted proof milled edge 1838, the specific type not known in any of the usual sources. Now, I knew it had been lightly cleaned but [foolishly] submitted it to PCGS who promptly "bodybagged" it as a genuine. So I removed it from their PVC plastic flip - no, not even a slab - and held it aside. Not to drop names, but I have a certain very good friend who might be considered one of the true expert in the late milled series and he confirmed what I knew. Because sovs are out of my series, I used this coin as part of a trade for an extremely rare set of 20th Century silver patterns from his firm, receiving many multiples of the purchase price in value at trade and allowing me this set which I'd not be able to have managed otherwise, which he was able to do as he had a ready buyer. So a happy ending.... [ATTACH=full]1213235[/ATTACH] [ATTACH=full]1213236[/ATTACH][/QUOTE]
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An Impressive 1838 Sovereign, PCGS Blew the Call on This One, Period!
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