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NGC changes mind on strike-on-the-day 200th anniversary plain-edge sovereigns; they're now business
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<p>[QUOTE="calcol, post: 2891829, member: 77639"]Short background: The Royal Mint accidently sent some of these coins to customers with COAs that erroneously stated they were proofs. They quickly discovered the error and sent correct COAs and a letter of explanation. Problem is NGC acted on the early, erroneous COAs and designated the coins as proofs (PF) on slab labels. When the error was pointed-out to them, they initially refused to budge.</p><p><br /></p><p>Link is my report on the problem: <a href="https://www.cointalk.com/threads/ngc-will-continue-to-designate-bu-strike-on-the-day-200th-anniversary-sovereigns-as-proofs.302578/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/ngc-will-continue-to-designate-bu-strike-on-the-day-200th-anniversary-sovereigns-as-proofs.302578/">https://www.cointalk.com/threads/ngc-will-continue-to-designate-bu-strike-on-the-day-200th-anniversary-sovereigns-as-proofs.302578/</a> This link contains a link to the NGC forum and NGC's response to the problem.</p><p><br /></p><p>Apparently enough folks have complained, and now the coins are being designated as MS on the label. Most are getting MS70. Not sure what they are going to do about coins that have the PF label. Folks that have them may want to hold on to them in their present slabs because the slabs with the PF label will become rarer than ones with the MS label.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 2891829, member: 77639"]Short background: The Royal Mint accidently sent some of these coins to customers with COAs that erroneously stated they were proofs. They quickly discovered the error and sent correct COAs and a letter of explanation. Problem is NGC acted on the early, erroneous COAs and designated the coins as proofs (PF) on slab labels. When the error was pointed-out to them, they initially refused to budge. Link is my report on the problem: [url]https://www.cointalk.com/threads/ngc-will-continue-to-designate-bu-strike-on-the-day-200th-anniversary-sovereigns-as-proofs.302578/[/url] This link contains a link to the NGC forum and NGC's response to the problem. Apparently enough folks have complained, and now the coins are being designated as MS on the label. Most are getting MS70. Not sure what they are going to do about coins that have the PF label. Folks that have them may want to hold on to them in their present slabs because the slabs with the PF label will become rarer than ones with the MS label. Cal[/QUOTE]
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NGC changes mind on strike-on-the-day 200th anniversary plain-edge sovereigns; they're now business
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