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<p>[QUOTE="Lehigh96, post: 1446892, member: 15309"]So here comes a story that you just won't believe. I haven't made rookie mistakes like this in years. My judgement was clouded by registry fever to obtain a top pop with a scant population of 8/0, a 1960 Jefferson Nickel NGC MS67. My Jefferson Nickel set is so close to completion that whenever an opportunity comes to upgrade, I jump on it in a hurry. This time, my haste may have cost me dearly. So a guy on the NGC forums posts a journal asking for values for an MS67 Jeff but only posts the obverse photo taken by NGC seen below.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels%20Misc/JN1960NGCMS67ProofOHseller.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>My initial impression was that this was the absolute cleanest 1960 Jefferson Nickel that I had ever seen. I was so impressed that I didn't even care what the reverse looked like. I figured that even if there were a few marks, the obverse would carry the grade. I didn't notice that the rims were too strong. I didn't notice the reflectivity in the peripheries. All I saw was near flawless surfaces on a substandard and typically dark NGC photo. It seemed obvious from the journal posting that this guy wanted the value so he could sell the coin. Not wanting to face a bidding war, I contacte the seller via PM and persuaded him to sell me the coin by giving him a retail price of $350. He accepted the offer, I paid, and he shipped the coin.</p><p><br /></p><p>In the mail today was the coin. I opened it, saw a proof and thought to myself "what the heck is this guy trying to pull?" I ran to my computer to check and the slab and certification number matched. At that moment, it dawned on me. NGC had made a mechanical error and labeled this $25 proof as a mint state coin. To make matters worse, in my haste I did not discuss a return policy with the seller. And to complicate matters further, I believe that NGC does not compensate for mechanical errors through their grade guarantee program. Which means if the seller does not agree to accept my return of the coin, I am out $325. To make matters even worse, I have nobody to blame but myself. I took photos of the coin anyway just to prove the coin is a proof. It is actually a very nice coin with decent cameo contrast not usually found on 1960 proofs.</p><p><br /></p><p> <img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels%20Misc/JN1960NGCMS67Proof.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Another way to tell that the coin is a proof is that Monticello and the steps are completely hammered and the steps are full yet there is no full step designation. Something I definitely would have noticed if I had bothered to ask to see a photo of the reverse. Comments welcome![/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1446892, member: 15309"]So here comes a story that you just won't believe. I haven't made rookie mistakes like this in years. My judgement was clouded by registry fever to obtain a top pop with a scant population of 8/0, a 1960 Jefferson Nickel NGC MS67. My Jefferson Nickel set is so close to completion that whenever an opportunity comes to upgrade, I jump on it in a hurry. This time, my haste may have cost me dearly. So a guy on the NGC forums posts a journal asking for values for an MS67 Jeff but only posts the obverse photo taken by NGC seen below. [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels%20Misc/JN1960NGCMS67ProofOHseller.jpg[/IMG] My initial impression was that this was the absolute cleanest 1960 Jefferson Nickel that I had ever seen. I was so impressed that I didn't even care what the reverse looked like. I figured that even if there were a few marks, the obverse would carry the grade. I didn't notice that the rims were too strong. I didn't notice the reflectivity in the peripheries. All I saw was near flawless surfaces on a substandard and typically dark NGC photo. It seemed obvious from the journal posting that this guy wanted the value so he could sell the coin. Not wanting to face a bidding war, I contacte the seller via PM and persuaded him to sell me the coin by giving him a retail price of $350. He accepted the offer, I paid, and he shipped the coin. In the mail today was the coin. I opened it, saw a proof and thought to myself "what the heck is this guy trying to pull?" I ran to my computer to check and the slab and certification number matched. At that moment, it dawned on me. NGC had made a mechanical error and labeled this $25 proof as a mint state coin. To make matters worse, in my haste I did not discuss a return policy with the seller. And to complicate matters further, I believe that NGC does not compensate for mechanical errors through their grade guarantee program. Which means if the seller does not agree to accept my return of the coin, I am out $325. To make matters even worse, I have nobody to blame but myself. I took photos of the coin anyway just to prove the coin is a proof. It is actually a very nice coin with decent cameo contrast not usually found on 1960 proofs. [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels%20Misc/JN1960NGCMS67Proof.jpg[/IMG] Another way to tell that the coin is a proof is that Monticello and the steps are completely hammered and the steps are full yet there is no full step designation. Something I definitely would have noticed if I had bothered to ask to see a photo of the reverse. Comments welcome![/QUOTE]
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