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!
NGC Error?
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NGC Error?
by silverstacker » Sun Jul 06, 2014 8:03 pm
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Re: NGC Error?
by coppernickel » Sun Jul 06, 2014 8:35 pm
This screams, problem to me.
I would shy away.
I would shy away.
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Re: NGC Error?
by silverstacker » Sun Jul 06, 2014 8:48 pm
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.
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Re: NGC Error?
by Thogey » Sun Jul 06, 2014 9:49 pm
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.
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.
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Re: NGC Error?
by Zincanator » Tue Jul 08, 2014 10:56 pm
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?
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Re: NGC Error?
by Morsecode » Thu Jul 10, 2014 4:18 pm
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.
I guess this happens often enough that it's become its own sub category of slab collecting.
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Re: NGC Error?
by HoardCopperByTheTon » Thu Jul 24, 2014 2:23 pm
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. 
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Re: NGC Error?
by silverstacker » Fri Sep 19, 2014 10:21 pm
It finally sold on ebay. Any guesses on what it webnt for before i shock you??? 
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Re: NGC Error?
by Recyclersteve » Fri Sep 19, 2014 10:28 pm
$45
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: NGC Error?
by Chaboo » Fri Sep 19, 2014 11:13 pm
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.
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Re: NGC Error?
by silverstacker » Sun Sep 21, 2014 9:15 pm
The final price it went for was $145
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Re: NGC Error?
by blackrabbit » Sun Sep 21, 2014 10:18 pm
Wow! People are crazy! This niche market might encourage more errors.
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Re: NGC Error?
by Recyclersteve » Mon Sep 22, 2014 1:52 am
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! 
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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Re: NGC Error?
by ihavecoins » Mon Sep 22, 2014 3:03 pm
WHat is the coin, year and grade? Is it for sale?
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Re: NGC Error?
by Recyclersteve » Mon Sep 22, 2014 10:57 pm
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.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
- Recyclersteve
- Too Busy Posting to Hoard Anything Else
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