How did you find out about my secret membership? I vote NOT a Matte Proof Lincoln (but you knew that from my cartel membership). It lacks all the diagnostics. What I am curious about is what happens now. Will PCGS pony up the guarantee money or say it was a mechanical error? If it's auctioned, what happens with it?
Unless I'm misremembering, the guarantee goes ONLY UP TO what you paid, regardless of "value". Oh, by the way, at the next cartel meeting, say hello to Carl from Pennsylvania.
MS65RB is probably break-even factoring grading cost, and even then the color would have to be in play. I must say, when I first read this thread I ran with the fact that PCGS had certified it, and I couldn't see them risking their rep to the extent of misidentifying a VDB Matte Proof. Never even looked at the outside rims, and that's my bad. The outside should be sharp and flat, not rounded. Frankly, if robec sees enough to feel doubt, that's as convincing an argument as could be put forth. This could get fun. Popcorn time.
Chances are someone ponying up for that coin would take a good, long look at it and return it for a refund if anything wasn't right. You'd need to be prepared for that to happen before cutting a check to Uncle Sam or anyone else.
Price paid is immaterial. "If the grade determined under such "Guarantee Resubmission" procedures is lower than the grade originally assigned to the coin, or if the coin is found to be misattributed or non-authentic, PCGS shall pay the current market value for the coin in question at the originally assigned grade, or at the owner of the coin's option, the difference between the current market value for the coin in question at the newly established grade and the current market value of the coin in question at the grade originally assigned. PCGS will also refund the regrading fee and postage and insurance costs incurred by the coin owner in sending the coin to PCGS. IT IS UNDERSTOOD THAT PCGS WILL BE THE SOLE DETERMINER OF THE CURRENT MARKET VALUE OF THE COIN AND THAT CURRENT MARKET VALUE IS DEFINED AS DEALER REPLACEMENT VALUE, I.E. THE PRICE A DEALER WOULD MOST LIKELY HAVE TO PAY TO REPLACE THE COIN."
Soo.. what if pcgs just says mechanical error? How can you prove them wrong? Worthy of taking them to court?
I don't see them. I do see a lot of contact marks on the obverse pictures that you wouldn't see on a coin graded PR65. You're looking for this by the M in UNUM.
I'm guessing Salzberg reads up on the numismatic goings on pretty much daily and says, "Told ya'". My only question is how many tens of thousands of PCGS screw-ups it'll take for the myth of their superiority to collapse.