NGC details slab that is totally mislabeled?

Discussion in 'Coin Chat' started by TonedNickel, Jan 29, 2022.

  1. TonedNickel

    TonedNickel New Member

    Hello,
    Quick question, there's a coin I'm looking at that is in an NGC Details holder (it's a holed coin in the "standard brown" label) but the year and denomination are incorrect. On NGC's verify website, it shows the correct coin ($1) but also list the incorrect denomination ($10) as well as the wrong year.

    My question is: is this common for "details" slabs? Or was this a wildly incorrect label?
     
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  3. Jaelus

    Jaelus The Hungarian Antiquarian Supporter

    I would assume a label was used that was intended for a different coin at that point, and that nothing is accurate.
     
  4. ddddd

    ddddd Member

    They call these "mechanical errors" ...someone at NGC messed up when printing the label or mixed it up with another label. It's not rare but also not too common. Some even collect these label errors. One usually can get a small premium, depending on the overall price of the coin.
     
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  5. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

    Picture? o_O
     
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  6. paddyman98

    paddyman98 I'm a professional expert in specializing! Supporter

    Yes. I have a few. Here's one..
    2352939-009(1).JPG
     
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  7. dwhiz

    dwhiz Collector Supporter

  8. TonedNickel

    TonedNickel New Member

    Oh gotcha thanks.
    The coin I wad looking at I was planning on putting into a 7070 album, so the mis-labeling isn't an issue. Just wanted to make sure
     
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  9. Phil's Coins

    Phil's Coins Well-Known Member

    WHO is dominiongrading??? All we need is another TPG trying to enter the market to add to the numerous problems that exist with the top 3. I just found one that is called NTC, supposedly an investment firm and the coin that was slabbed was apparently whizzed and they were passing it off as MS64. I guess the NTC stands for Not This Coin.
    Semper Fi
     
  10. ddddd

    ddddd Member

    It was a TPG started by David Lawrence Rare Coins in April 2008 after they bought out the assets from PCI. It only lasted until August 2010. They were considered to be reputable but there wasn't enough demand to sustain the project.

    https://www.numismaticnews.net/archive/dominion-shuts-down
     
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  11. Mr.Q

    Mr.Q Well-Known Member

    There is nothing wrong with other TPG's entering the field. Keeps the others in line with possibly more honesty and integrity. Enjoyed your post but more and better pictures would have been better. Good luck
     
  12. Mountain Man

    Mountain Man Well-Known Member

    If you break it out of the slab, I'd try to save the slab for someone that might collect them. Photos of the coin in the slab would be enough to authenticate it, I would think.
     
  13. Phil's Coins

    Phil's Coins Well-Known Member

    I checked out the site showing PCI re-took control of dominion. When I clicked on their info concerning "help" with coins, it took me straight to Ebay.
    Semper Fi
     
  14. ddddd

    ddddd Member

    PCI has had many iterations with countless different owners (I believe the number is in the double digits). Some were good while others were fraudsters (see link below). They made another comeback not too long ago but it looks like that one is gone too.

    https://coinweek.com/people-in-the-...ly-2-million-under-federal-racketeering-laws/
     
  15. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    This takes us up to the purchase of PCI assets by DLRC to form DGS:

    https://www.coincommunity.com/forum/topic.asp?TOPIC_ID=65529#517614

    DGS shuts down in August 2010 and Delluniversita buys the assets (trial transcript):

    and then this implies it was sold BACK to DLRC:

    And in February 2013, The "New" PCI has a website showing the "2012" (as I call them) Bullet train labels:

    https://web.archive.org/web/20130221035155/http://pcicoins.com:80/

    This company, owners unknown, appear to have lasted until 2017 (dissolved by Florida Sec of State for failure to file) (the website goes dark in January 2018) (and then pops back up as an Indonesian online casino).

    This last incarnation appears to have graded on the order of 12K coins (highest cert# I've seen). There are also some ?prototypes? with a 2011 date.
     
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