Post TPG Slab Mistakes.

Discussion in 'US Coins Forum' started by Marshall, Jun 12, 2021.

  1. johnmilton

    johnmilton Well-Known Member

    I once saw an 1838 dime, graded by a major service, which had "Small Stars" marked on it. The coin was Mint State, and it was the less valuable "Large Stars" variety. This is listed in the Red Book and there are pictures of each variety.

    If you are going to put a variety on the piece, as a professional, you should make sure you are getting it right. If you have accepted money to make a die variety attribution, you have an obligation to get it right. This is what the word "professional" entails. Getting it wrong is grounds for claim against the grading service if a collector has been led astray.
     
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  3. Marshall

    Marshall Junior Member

    Fortunately,, if you jump through enough hoops and don't fall into one of the numerous exceptions and exemptions, they do offer insurance of a sort. Detail coins and attributions are usually exempt.
     
  4. Jack D. Young

    Jack D. Young Well-Known Member

    A friend called this the "3 error label" example; don't bother looking up the cert # as the TPG nuked it when they realized I was considering purchasing it.

    I am considering a post here on this one when the dust settles:D...

    combo-pcgs.jpg
     
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  5. Jack D. Young

    Jack D. Young Well-Known Member


    I understand where you are coming from my Friend, but when a paid professional makes a mistake in knowledge (and we pay for it) that is quite different than a clerical mistake, etc. I just posted an image to this thread where the TPG should have refused to authenticate it in my opinion versus the result.

    And the TPG's apparent answer to the issue was to remove the cert and expect the owner to either return the coin in question to them or remove it from the genuine holder prior to a sale (to me)...
     
  6. Insider

    Insider Talent on loan from...

    Marshall, posted: "In my book, class acknowledges the TRUTH and not a false narrative.

    I have no clue about the meaning of this sentence. :rolleyes::confused: False Narrative? What "book" is that? I'd like to read a copy.

    Marshall, posted: "The Portrait HUB changed with Obverse 34, but they continued to add detail on 34, 35, 36, 37 and 38. On 39, they just went with the Exact Head of 95. I tend to look at the second lowest curl to see if it is paired or isolated. On most Head of 94s are paired and the few which are not are the early group with LIBERTY high above the hair. After a while it become second nature and you forget exactly what you are looking at and just KNOW. It's like the reverse loops."

    Now that's the stuff that should be in your book!

    johnmilton, posed: "I once saw an 1838 dime, graded by a major service, which had "Small Stars" marked on it. The coin was Mint State, and it was the less valuable "Large Stars" variety. This is listed in the Red Book and there are pictures of each variety.

    If you are going to put a variety on the piece, as a professional, you should make sure you are getting it right. [THAT's what three graders and the QC step if for. Nevertheless, stuff happens!] If you have accepted money to make a die variety attribution, you have an obligation to get it right. This is what the word "professional" entails. [PERFE-- Notice there is no "C" or "T" in "Professional. I wonder why?] Getting it wrong is grounds for claim against the grading service if a collector has been led astray.

    Getting it WRONG is most likely going to be called a LABEL ERROR so good luck.

    Jack D. Young, posted: "I understand where you are coming from my Friend, but when a paid professional makes a mistake in knowledge (and we pay for it) that is quite different than a clerical mistake, etc. I just posted an image to this thread where the TPG should have refused to authenticate it in my opinion versus the result.

    And the TPG's apparent answer to the issue was to remove the cert and expect the owner to either return the coin in question to them or remove it from the genuine holder prior to a sale (to me)...

    We've been through this as that's how we met. :D

    Eventually the TPGS are going to GUARANTEE NOTHING for your money. I believe the NGC Ancient division already does this. Every place I've worked at has made a satisfactory resolution for a mistake. I've never worked for PCGS. :happy:
     
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  7. micbraun

    micbraun coindiccted Supporter

    I think it's good to make buyers aware that coins should always be attributed before buying, instead of just relying on the label. Sometimes the TPGs get the Overton numbers wrong, e.g. when two Bust half varieties share an obv die, or when there's also an "a" variety, etc... yes they're professionals, but mistakes happen.
     
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  8. micbraun

    micbraun coindiccted Supporter

    I forgot to mention... there's always a way to fix it :-D

    Bust-variety-CAC.PNG
     
  9. Joe Campbell

    Joe Campbell Well-Known Member

    I saw a Morgan in a 3rd rate TPG slab the other day that was graded F-13. I almost bought it just for that. Must have been a bit nicer than F-12.
     
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  10. Marshall

    Marshall Junior Member

    LOL! Peking TPG?
     
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