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Shot Myself in the Foot (Again) - Another Lesson Learned
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<p>[QUOTE="kanga, post: 1461926, member: 9270"]LESSON LEARNED (or in this case REMINDED OF):</p><p><br /></p><p>Thanks to NGC's labeling method and my inattention to details I goofed.</p><p>I was after a 1927-S Peace dollar.</p><p>Saw what I thought was one on eBay for a fair price.</p><p>But I didn't look closely enough.</p><p>The format for NGC's method of labeling Peace dollars is "date mm S$1" with the "S" meaning "silver".</p><p>So when I saw "1927 S$1" in the grade I wanted and for a good price I jumped all over the BIN.</p><p>Oops!</p><p>I got what I saw but not what I wanted.</p><p>What I wanted would have been labeled "1927 S S$1".</p><p>So I overpaid for a 1927.</p><p>I'll keep it and list it later for a reasonable price.</p><p><br /></p><p>My bad.</p><p>I knew but had forgotten.</p><p><br /></p><p>It's a really nice AU-58; if not for the slight rub I think it would have been a -64 or -65.</p><p>Very mark-free coin.</p><p>But I happen to already have a -63 in my set.</p><p><br /></p><p>And I dropped NGC a note suggesting they consider modifying their labeling on such coins to help avoid this sort of confusion.</p><p>Don't think they'll do anything about it, but ...</p><p><br /></p><p>Since I'm going to the ANA school soon and taking the grading classes I'll take this coin along and get them to show me where the luster breaks are.</p><p>This is what I REALLY need to learn about.[/QUOTE]</p><p><br /></p>
[QUOTE="kanga, post: 1461926, member: 9270"]LESSON LEARNED (or in this case REMINDED OF): Thanks to NGC's labeling method and my inattention to details I goofed. I was after a 1927-S Peace dollar. Saw what I thought was one on eBay for a fair price. But I didn't look closely enough. The format for NGC's method of labeling Peace dollars is "date mm S$1" with the "S" meaning "silver". So when I saw "1927 S$1" in the grade I wanted and for a good price I jumped all over the BIN. Oops! I got what I saw but not what I wanted. What I wanted would have been labeled "1927 S S$1". So I overpaid for a 1927. I'll keep it and list it later for a reasonable price. My bad. I knew but had forgotten. It's a really nice AU-58; if not for the slight rub I think it would have been a -64 or -65. Very mark-free coin. But I happen to already have a -63 in my set. And I dropped NGC a note suggesting they consider modifying their labeling on such coins to help avoid this sort of confusion. Don't think they'll do anything about it, but ... Since I'm going to the ANA school soon and taking the grading classes I'll take this coin along and get them to show me where the luster breaks are. This is what I REALLY need to learn about.[/QUOTE]
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Shot Myself in the Foot (Again) - Another Lesson Learned
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