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richatthecroft

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Posts posted by richatthecroft

  1. 19 minutes ago, SlowFrog said:

    I'd wager so if PCGS have made such a grave error. It hardly instils confidence, does it? I'm not saying I'd want this, but I am curious if they could be held legally accountable for mislabelling such a coin when the price difference is so significant. If there's no accountability then one could argue that it'd be a great way to run a scam - especially if it isn't a one off. 

    Mistakes are frequently made by these companies- I once had a 1/4oz Gold Proof Mexićo Libertad returned to the person who submitted it on my behalf attributed as a GB 50p coin!  Likely the  submission form was filled in incorrectly- but you are correct- its easily plausible that a scam could be possible, by unscrupulous people making fraudulent entries on the submission form and the corresponding coin making it through the Grading process in agreement with the submitters entry on the sheet.  It might sound far- fetched, but  I read an article describing that the mechanised process of these companies allows only a few seconds of appraisal by a Grader prior to a judgment being made.  
     

  2. 1 hour ago, 1stsovereign said:

    FYI: There has been many PCGS graded £5 as proofs - however they have been wrongly graded so buyers be aware! 

    Thanks Adrian.  It’s unbelievable and unforgivable that fundamental mistakes are made by third party grading companies, particularly with modern coins- I wonder if there are any uninitiated collectors out there who have paid  Proof prices for a mislabeled Bu slabbed coin. 

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