Page 1 of 1
NGC Error?
Posted:
Sun Jul 06, 2014 8:03 pm
by silverstacker
I have a question to ask. I have never come across this before. I'm listing a few things on the bay this evening and I've come across a 2004 ASE that has a tag card up top that says 1987 Eagle S $1 MS69.
Has anyone ever come across such an error? and if so whats the best thing to do?
Here is the picture.
Thanks!
Re: NGC Error?
Posted:
Sun Jul 06, 2014 8:35 pm
by coppernickel
This screams, problem to me.
I would shy away.
Re: NGC Error?
Posted:
Sun Jul 06, 2014 8:48 pm
by silverstacker
coppernickel wrote:This screams, problem to me.
I would shy away.
This is my own coin. I have a number of MS69 coins that I was looking to list and I came across this one that came to me roughly 6 years ago.
Re: NGC Error?
Posted:
Sun Jul 06, 2014 9:28 pm
by Engineer
Hit them up for their guarantee?
Re: NGC Error?
Posted:
Sun Jul 06, 2014 9:49 pm
by Thogey
NGC does not grade each individual ASE, in my opinion. It is impossible to physically identify so many MS-69 coins.
It's like any collectible item with a "COA", commemorative stamps, etc. to sell at a premium.
This example only proves NGC's inattentiveness in this matter.
I've dealt with their grading service concerning colonial Spanish cobs and reales. I was very unimpressed with their performance.
Mind you, they will charge you dearly for 15 seconds of incompetence.
Re: NGC Error?
Posted:
Mon Jul 07, 2014 6:31 pm
by Tourney64
Most likely China conterfeit.
Re: NGC Error?
Posted:
Tue Jul 08, 2014 10:56 pm
by Zincanator
I am by no means an expert but my first guess would be somebody pocketed the silver coin and popped a fake in there. But then again, I thought the cases are supposed to be tamper proof?
Re: NGC Error?
Posted:
Thu Jul 10, 2014 4:18 pm
by Morsecode
This is not new. Some years back my local coin shop had a PCGS graded Mercury dime with a label for a Buffalo nickel. The dime itself was nothing special mint-wise, but it went for good money.
I guess this happens often enough that it's become its own sub category of slab collecting.
Re: NGC Error?
Posted:
Thu Jul 24, 2014 2:23 pm
by HoardCopperByTheTon
It does happen quite a bit. A buddy of mine collects these packaging errors just for fun. Let me know if the coin is still for sale.
Re: NGC Error?
Posted:
Fri Sep 19, 2014 10:21 pm
by silverstacker
It finally sold on ebay. Any guesses on what it webnt for before i shock you???
Re: NGC Error?
Posted:
Fri Sep 19, 2014 10:28 pm
by Recyclersteve
$45
Re: NGC Error?
Posted:
Fri Sep 19, 2014 11:13 pm
by Chaboo
Thogey wrote:Mind you, they will charge you dearly for 15 seconds of incompetence.
I had it happen too - they swapped 2 of the coins in my order - Thogey hit the nail on the head. The cost to fix their error was completely on me.
Re: NGC Error?
Posted:
Sun Sep 21, 2014 9:15 pm
by silverstacker
The final price it went for was $145
Re: NGC Error?
Posted:
Sun Sep 21, 2014 10:18 pm
by blackrabbit
Wow! People are crazy! This niche market might encourage more errors.
Re: NGC Error?
Posted:
Mon Sep 22, 2014 1:52 am
by Recyclersteve
Wow! I have a Morgan dollar that was slab bed by NGC and the year on the tag is wrong. Maybe I should sell it! Hey, what happens when they get the grade wrong!
Re: NGC Error?
Posted:
Mon Sep 22, 2014 3:03 pm
by ihavecoins
WHat is the coin, year and grade? Is it for sale?
Re: NGC Error?
Posted:
Mon Sep 22, 2014 10:57 pm
by Recyclersteve
It is in storage and would take to long to locate. When things settle down a bit, I may take a look. It could easily be a few months, as there is lots going on now.