Obviously there are a few top tier ones to pick from. I have maybe 5 slabbed coins mainly NGC but have now added a PCGS to the list with a Bombay 1741 2 Pice. I noticed the original owner had it slabbed with the secure plus service... However my slab is actually missing one of the security features
I'm not overly impressed by this and have been speaking to PCGS and they referred to it as a mechanical error. They're going to re-slab it free of charge but they're actually going to refund my postage costs too (how nice of them).
I just cannot believe that one of the worlds best have forgotten to put the security feature on the security plus slab
I'm actually surprised by the grade too. I wouldn't have t anywhere near VF but then again I do know these coins are hard to come by in better condition.
I forgot too post the mechanical error explanation yesterday. A lot of people have been caught out buying scarce variety slabbed coins to find that it's wrong. apparently if TS obvious though (in who's eyes ?) it's not covered under the guarantee.
So PCGS will accept responsibility for pretty much nothing? Wrong date, denomination? Tough luck. I recently saw a coin from the early 1700's marked as George III instead of George I. It seems clear to me that at least some of their "experts" are lacking even a basic grasp of history. If I trade a coin which is incorrectly described then I will take full responsibility for my error. I'm sure most of us would do the same. We have better business practices than those TPG rascals.
Isn't the whole purpose of submitting a coin to establish beyond doubt it's grade and attribution? If they can offer no guarantee that they will at least get the basics right then what use are they?
I agree that there is no way that particular coin should have been graded. It's impossible to tell what degree of wear and tear is due to normal circulation or the extreme corrosion. As it says on the reverse, "genuine not gradeable" it seems disingenuous to then offer a VF details grade on the other side. Many people, including a lot of collectors who should know better, don't distinguish between VF and VF details.
Bloody crooks.
Non illegitimis carborundum est. Excellent advice for all coins.
Make Numismatics Great Again!
Quote: "Steve27"I just don't understand why such a low value coin was slabbed in the first place?
low value ? Find one for less than $200 they're scarce and are big chunky coins.
I know now it's not really expensive but I sort of get why they did it for storage reasons. I wouldn't have anything less than £500 sent to be graded in all honesty..
Quote: "oggy"Details grade doesn't imply value in any way, so they can be nice and overgrade it a bit with no problem.
the grading isn't really the point I'm making. They've basically exempted themselves from fixing their clerical errors.
I do do believe that details does imply value otherwise they wouldn't issue a rough grade on the holder. I don't like the way these companies work. I think as does Phil, you make a mistake you fix it. You don't turn around and say it's ok it's obviously wrong.. The cheek of it !
Quote: "oggy"Details grade doesn't imply value in any way, so they can be nice and overgrade it a bit with no problem.
the grading isn't really the point I'm making. They've basically exempted themselves from fixing their clerical errors.
I do do believe that details does imply value otherwise they wouldn't issue a rough grade on the holder. I don't like the way these companies work. I think as does Phil, you make a mistake you fix it. You don't turn around and say it's ok it's obviously wrong.. The cheek of it !
As far as I was aware, the only reason you get the rough grade with details is to see how much of the wear came from general circulation. The only exception being 'details - shipwreck effect' from ngc where you get the 2 grades to define coin attractiveness.
Agree on the main point though. All seems a bit of a scam they aren't willing to take responsibility for.
To to me it's pointless they may aswell just slab it genuine- environmental damage. to be fair there's a lot of examples of this coin similar it is just a combination of the weather there and the composition of the coins which is a zinc or tin alloy with other low grade metals.
