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<p>[QUOTE="imrich, post: 951540, member: 22331"]<b>I'd Appreciate An Opinion</b></p><p><br /></p><p><br /></p><p><br /></p><p><font face="Arial Black">You appear well versed in "consumers' rights", and I believe you've insinuated that you're of the opinion that a "top tier" TPG should be the ultimate authority for determining "value" of a coin. If I've misunderstood, please correct me. I have a dilemma, for which I'd appreciate your opinion. The attached photo is of a coin purchased in auction many years ago, being sold by a son (of a deceased collector), who had been informed by the father of the coin rarity, because it was a MOTTO coin which had been undergraded in the past by PCGS, when "standards" were very different than today. This unblemished coin without "rub", scratches, nicks, gouges, having uniform "cartwheel" field luster should grade MS65, using current standards. The auction had just a close-up Obverse photo, which clearly allowed one to determine the truth of MS65 claims. I purchased the coin for a significant premium above the value for the grade shown upon the holder. Upon receiving the coin, I compared the coin Obverse to others of MS65 grade, certified by the same TPG. None of the other MS65 coins had unflawed fields, and all had nicks, gouges, rub, etc.. I knew that I had a resubmission "Gem", which should easily grade MS65. Because of my busy schedule, the coin was hastily placed in storage, until recently when I intended to re-submit. My Lady asked to inspect the coin, which was allowed, where she asked the meaning of the word MOTTO, indicated on the holder. I explained the history/rarity of this coin which was relatively minimally produced with the motto "In God We Trust" on the reverse, and had an ~$16500 retail value in a MS65 grade. She said "what motto"? Upon inspection, I realized that the coin was without the motto, having an ~$12,000 lesser value. I'm certain the coin will realize the anticipated grade, but who is culpable for the damages caused by the "missing MOTTO"? I'm not certain who I should sue, as many on this site recognize the TPG to be the ultimate authority, but accepting that grading standards are no longer "conservative", as in the past, allowing resubmission to achieve current grade status. Should I sue the U.S. Mint who failed to insert the MOTTO, or the deceased father who may have mislead the son and TPG? My damages are minimally ~$12,000. Who is at fault? I'd appreciate your opinion. I Trust that this post is proper for inclusion in this thread about grading problems. :bow:</font></p><p><font face="Arial Black"></font>[/QUOTE]</p><p><br /></p>
[QUOTE="imrich, post: 951540, member: 22331"][b]I'd Appreciate An Opinion[/b] [FONT=Arial Black]You appear well versed in "consumers' rights", and I believe you've insinuated that you're of the opinion that a "top tier" TPG should be the ultimate authority for determining "value" of a coin. If I've misunderstood, please correct me. I have a dilemma, for which I'd appreciate your opinion. The attached photo is of a coin purchased in auction many years ago, being sold by a son (of a deceased collector), who had been informed by the father of the coin rarity, because it was a MOTTO coin which had been undergraded in the past by PCGS, when "standards" were very different than today. This unblemished coin without "rub", scratches, nicks, gouges, having uniform "cartwheel" field luster should grade MS65, using current standards. The auction had just a close-up Obverse photo, which clearly allowed one to determine the truth of MS65 claims. I purchased the coin for a significant premium above the value for the grade shown upon the holder. Upon receiving the coin, I compared the coin Obverse to others of MS65 grade, certified by the same TPG. None of the other MS65 coins had unflawed fields, and all had nicks, gouges, rub, etc.. I knew that I had a resubmission "Gem", which should easily grade MS65. Because of my busy schedule, the coin was hastily placed in storage, until recently when I intended to re-submit. My Lady asked to inspect the coin, which was allowed, where she asked the meaning of the word MOTTO, indicated on the holder. I explained the history/rarity of this coin which was relatively minimally produced with the motto "In God We Trust" on the reverse, and had an ~$16500 retail value in a MS65 grade. She said "what motto"? Upon inspection, I realized that the coin was without the motto, having an ~$12,000 lesser value. I'm certain the coin will realize the anticipated grade, but who is culpable for the damages caused by the "missing MOTTO"? I'm not certain who I should sue, as many on this site recognize the TPG to be the ultimate authority, but accepting that grading standards are no longer "conservative", as in the past, allowing resubmission to achieve current grade status. Should I sue the U.S. Mint who failed to insert the MOTTO, or the deceased father who may have mislead the son and TPG? My damages are minimally ~$12,000. Who is at fault? I'd appreciate your opinion. I Trust that this post is proper for inclusion in this thread about grading problems. :bow: [/FONT][/QUOTE]
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