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China 1912 Szechuan $1 Coin, A Tale of Rejection & Vindication
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<p>[QUOTE="Al Kowsky, post: 4897388, member: 97383"]In 2012 I decided to unload all my Chinese coins at auction, taking advantage of the surging prices at that time <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />. I sent my coins to <b>NGC </b>to get encapsulated along with a group of ancient coins. Two of the Chinese coins came back in body bags <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie40" alt=":dead:" unselectable="on" unselectable="on" />; one was an obvious <b>FAKE</b> (I posted that coin yesterday) & the other was labeled <b>AUTHENTICITY UNVERAFIABLE</b>, see label below. My first impression was <b>WHAT <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" />?</b> No explanation was given as to why they couldn't verify the authenticity of this coin <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie12" alt="o_O" unselectable="on" unselectable="on" />. The coin looked like a solid <b>AU</b> to me with no problems, & together <b>NGC </b>& <b>PCGS</b> had slabbed over 1,700 of these coins in <b>AU50</b>. So why was my coin rejected <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />? Did the graders get "gun shy" after finding a fake "Fat Man" dollar in my submission <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie67" alt=":nailbiting:" unselectable="on" unselectable="on" />? Who knows. Time was drawing near to get my coins off to Heritage Auctions for their 2012 Signature Auction in Chicago. </p><p><br /></p><p>[ATTACH=full]1181857[/ATTACH] </p><p><br /></p><p>I sent Heritage a large submission of slabbed coins & included my raw 1912 Szechuan $1. I didn't tell Heritage that the coin had been rejected by <b>NGC</b> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie81" alt=":shifty:" unselectable="on" unselectable="on" />. Their Director of Consignments, Win Callender, sent me an email & said he wanted the coin slabbed before the auction & would take care of it for me <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />. At that point all I could do was say OK & hope he wouldn't send it back to <b>NGC</b> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie80" alt=":shame:" unselectable="on" unselectable="on" />. Several weeks later I got another email from Win Callender saying he just got the coin back from <b>NGC</b> & it was slabbed <b>AU50</b> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie57" alt=":jawdrop:" unselectable="on" unselectable="on" />! The very same coin <b>NGC</b> rejected from my submission they slabbed for Heritage <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />, see photos below. The coin ended up selling for $299.00 <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />.</p><p><br /></p><p>[ATTACH=full]1181875[/ATTACH] [ATTACH=full]1181876[/ATTACH] [ATTACH=full]1181877[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="Al Kowsky, post: 4897388, member: 97383"]In 2012 I decided to unload all my Chinese coins at auction, taking advantage of the surging prices at that time :D. I sent my coins to [B]NGC [/B]to get encapsulated along with a group of ancient coins. Two of the Chinese coins came back in body bags :dead:; one was an obvious [B]FAKE[/B] (I posted that coin yesterday) & the other was labeled [B]AUTHENTICITY UNVERAFIABLE[/B], see label below. My first impression was [B]WHAT :mad:?[/B] No explanation was given as to why they couldn't verify the authenticity of this coin o_O. The coin looked like a solid [B]AU[/B] to me with no problems, & together [B]NGC [/B]& [B]PCGS[/B] had slabbed over 1,700 of these coins in [B]AU50[/B]. So why was my coin rejected :(? Did the graders get "gun shy" after finding a fake "Fat Man" dollar in my submission :nailbiting:? Who knows. Time was drawing near to get my coins off to Heritage Auctions for their 2012 Signature Auction in Chicago. [ATTACH=full]1181857[/ATTACH] I sent Heritage a large submission of slabbed coins & included my raw 1912 Szechuan $1. I didn't tell Heritage that the coin had been rejected by [B]NGC[/B] :shifty:. Their Director of Consignments, Win Callender, sent me an email & said he wanted the coin slabbed before the auction & would take care of it for me :eek:. At that point all I could do was say OK & hope he wouldn't send it back to [B]NGC[/B] :shame:. Several weeks later I got another email from Win Callender saying he just got the coin back from [B]NGC[/B] & it was slabbed [B]AU50[/B] :jawdrop:! The very same coin [B]NGC[/B] rejected from my submission they slabbed for Heritage :p, see photos below. The coin ended up selling for $299.00 :rolleyes:. [ATTACH=full]1181875[/ATTACH] [ATTACH=full]1181876[/ATTACH] [ATTACH=full]1181877[/ATTACH][/QUOTE]
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China 1912 Szechuan $1 Coin, A Tale of Rejection & Vindication
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