PCGS Made a MASSIVE ERROR...
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- Опубликовано: 25 июн 2024
- This video shows the results of 8 gold coins I sent to PCGS for grading. Great grades on these old coins...but PCGS made a major error!
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So yes, I want to know if you really I want you to find the Bill jujitsu you say because I don’t know what happened. Just let me know if this.
Is there people scamming on here about a giveaway or is it you
@@justinbutton4309 If there's a check next to my name it's real, if not it;s a scam
Iv got 1989 s i think it would grad 68 to70 excelent. In gold
Pcgs error on a capsule is actually worth much more. I have a 1996 silver eagle that has it labels as a 1996 W and it's not. Was worth about 400. But because of the error I had 5 different coin dealers appraise it over 1000 bucks
Ill hold onto this knowledge for later. Thank you
Your welcome
@@McSilverWolff **You're** 🙂
@@NJgateway I know how to properly use it lol. Is UR BETTER
@@McSilverWolff A lot of people make that mistake. I figured you didn't know. I'm sure there are people that read your comment that learned something. Have a nice day.
I really like the way you did this video, with coin type, raw value, cost to grade, and then final value, Superb!!!
They should give you a heavy discount for that mistake! I also have a feeling they may have made a mistake on the cleaned ones too at least one.
I'd like to hear what pcgs says! Please do a follow up video on their mistake
I'm curious too.
That;s a great idea
@@Silverpicker Well, it's been over a year......
PCGS holder errors are actually very collectible, putting a higher price in it (I would value it around 1,000 or so)
Very Wrong . Accugrade is much more Expensive Holder they are the original coin grading company that start in 1984 followed by PCGSin 1987them in 1987 NGC.
1986 PCGS start.
darn, 5 months? That is insane. Main reason why I stay away from grading coins. love the holders, though and gotta love the authenticity guaranteed by having them in said holder.
I think that you should keep it in that holder. There's always a market for errors of any kind.
I like and appreciate the way you did the video! A lot of other guys don't zoom in on the coin or give the values or original investment price. It's great! You get a better idea of what's going on and how much things go for.
I bet it is a collector item because of the wrong date ..
That PCGS error slab should be worth more than it being slabbed correctly. Why? Why are mint errors worth more? Scarcity.
Hey Max, keep it ! for me it is rare to have such an error from PCGS
if you want to change you can always if you need to sell it but for me i'd keep it
I'll tell you straight up, I have a half eagle that is exactly like yours: PCGS CAC 1899.... but its an 1899-S. I'm keeping it the way it is because of the error, but in your case you should get it re -holdered just because of the dates rarity. Lord forbid if you have to sell it, and whoever buys it isn't honest, then they could sell it for the 1877-P and cause some turmoil. If it was a more common date I would say leave it, but in this case you should send it back.
I went to sell a Morgan just a month ago. It was an 82-S MS66. Or so I thought. I put it under my microscope to take some closeups and I see it. There's an '83-CC in the holder. Needless to say, I was surprised. I called PCGS, and they must have checked my inventory, but they knew, which I did not, that it was switched, AND I OWNED the other one! I also have the '83-CC MS65 Holder with an '82-S in it. I don't even know which coin is supposed to have what grade. Simply amazing. I changed my mind and told PCGS I'm keeping them the way they are. I haven't heard back yet.
Your right about the rarity of the error and their will be a collector market for them.
Time to put AI in coin grading. It may even speed up the grading system. There was one RUclipsr who was mad at PCGS when he sent his silver coin to be graded and yes he did get a strait problem free grade. The problem was that it looked like someone spilled water on his coin and allowed it to dry on it. He had pictures prior to sending and there were no marks. As long the human factor is there in the grading system, not only errors can be done but even damage and they would deny it.
I believe they tried that at one point and it failed horribly
@@boogielandry7597 I did remember but that was years ago and technology advanced
@Boogie Landry I think it worked very well, but collectors just preferred human graders because some thought that grading was an art form.
It definitely goes to say always check your coins, even when graded. Grading companies are under extreme pressure to pump out graded coins (given the long wait times).
Definitely a channel worth subscribing to. Far more lively and usefully informative guy. He also responds to comments even if you say something kinda stupid. Ask me how I know. 😂
Lol. Not stupid at all! Much appreciated, Bill!
Thanks for letting me tag along. Maybe I'll make some money learning about stuff I love to do
I don’t think those coins that came back cleaned were cleaned at all! Definitely buffed at high speed…lol they looked cleaned my friend. Thanks for sharing 👍
Send it to CAC. See if they put the green or gold bean on it. The error from PCGS may make it worth more to them as well.
Crushed the like button my friend! Thank you so much for sharing! Excellent video as always!
Slabbing coins is definitely not a rouse or a scam, they definitely always grade them exactly right and having your coins in plastic and having your expectations thwarted definitely makes the hobby more fun. Definitely.
;)
😂😂😂😂😂😂😂😂😂
I agree with ya mark, silverpicker is too optimistic when looking at his coins for sure😅, I've seen way too many people do the same when they want their coins graded from the coin shop I work at, we submit some coins for customers to be graded and they'll get mad because "we scammed them" cause they thought it was ms when it wasn't and then realize it was a common date too lol
No one can attempt to accurately guess the grades of these coins if they are shown that far away from the camera and not with the correct lighting setup, although I did believe PCGS was correct in judging all of those examples as cleaned.
Completely Agree
Agree
I think it's alright.
That is awesome congratulations 🎉👏 I love this stuff!!
I jumped the gun on my comment that is a big time bummer about the cleaned coins drag man!
Having the error case is worth more because it permanently shows how lame they really are and fully biased and non objective they are as a company
It doesn’t appear that many of the PCGS are “Professional Graders”.
I think they should refund the price of that grade, and maybe give you a voucher for a couple more gradings on them. Also, I think you should lean more towards the more conservative Greysheet value on these coins, $625 for the 1877-S in AU58. Love those Libs!!
I like the raw/grade/graded value pricing. Very nice
Thanks, I’m gonna do it on my next one as well…in another 6 months 😂
Dang that sucks you see a $3,000 dollar value only to realize they made a mistake and it's only worth $800. They better give you 8 more vouchers for that mess up. I have seen a incorrectly labeled slab go for a premium as it is considered by some an error by PCGS.
Edit
I would keep it and resell it as a mislabeled slab. Just make sure you are very very clear on what's going on with it. Keep us updated I would definitely like to know what you decide to do.
Hold on to it. I think it would be worth some more money because of it being error graded
Keep that error slabbed it’ll add extra numismatic value to the error. Those ones that were called cleaned honestly look cleaned brother. Keep stacking beautiful coins
Thanks for you take man!
My dad and I submitted a 1975 D "High D" Jefferson nickel earlier this year. Took 4 months to get back, and they didn't label it properly. We paid the extra fee and everything, and they just labeled it as if it were a regular submission. The True View image of our coin is on their CoinFacts app, and it's undeniable. I called them and asked about having them label it properly since I paid for it, and they pretty much told me "too bad" and I'd have to resubmit it... meaning pay them a second time...
I'd imagine all the people grading the coins at PCGS look like Clint Howard clones 😂
I'm SURE you are intelligent enough to see if there's a market for goofs b4 letting it go.
I would personally keep the error some people actually collect errors... usually errors on capsules sell for more then there worth because of how rare that type of error is from said company
Keep in error case. I personally would love to have it, and definitely bet it goes up in value. Either way beautiful coins, and best of luck.
I would keep it in the error slab. I have a 1853 large cent labeled as 1/2 cent.
Hey Silverpicker noticed the title says an massive error instead of a massive error, just wanted you to know in case you want to change that.
Fixed! Thank you
Like the grading reveals but when you turn them over it watch out on showing the back sticker if it has " genuine not gradable". Keep the pcgs error slab
I feel like you should at least let PCGS know their pop report is incorrect.
I would say look to see if there are collectors out there that do go for errors like that
About the 1900 gold $20 Liberty, the change from being worth $2,400 in MS-60 to $5,000 in MS-65 is NOT a "modest bump" - that's more than double the original value.
Beautiful coins!
and for those cleaned coins you wanna look at those fine fine hair lines in the fields. For example at 7:52 those lines on the reverse would indicate that the coin was being wiped.
It clearly shows that PCGS, Ken make mistakes. Therefore, it should be considered valuable and I would keep it for keeps as a collectible.
Loved your video
I once encountered a holder error ngc, it's pretty cool
😂 bro I work at a pretty big coin shop and we don't get our coins back for usually at least 6 months
If PGCS makes such a pathetic mistake, just imagine what grading discrepancies they may have made also. They’re human too.
You ask what to do next time. Simple. Don't know anything going in to the grade reveal. Have the grades covered up with a sticky note. Have a true reaction vs just a reveal.
You may want to send the grading error into CAC it may get you a gold sticker because PCGS messed up. By the way CAC is going to start grading coins. I am so excited.
You think it was misgraded as well?
I don't think that's how CAC works.
@@Silverpicker
Yes, not all Three of your gold Coins were Cleaned makes me wonder if their Inspectors, are doing their job correctly, As I was going to Join their Gold Plan ??
Thanks for the video. Very informative. Was considering starting a PCGS membership, but if it takes 6 months or more to get them graded I don't know if it is worth it.
Someone mentioned seeing them at a show. How many shows do they go to and what do they do at the shows?
I would keep the error. I like to find errors in other collectibles.
Hello sir
Well ive had my share with PCGS graded coins and was not happy at all so i resend the coins i had found a die clash on a dime and a side ways lincoln memoria on the reverse of a penny and got them back in a week when it took about 5 to 6 months to recieve them
I dont thing the regraded or even checked my resent coins and just too my money
I sent them for a reconsideration on the for after talking to a PCGS rep.
Thank you
Yes keep the error and call for a refund
It appears that PCGS is not immune to the subpar quality of work that has unfortunately become the “norm” the past year and a half
Really unacceptable with the pricing and time delays
I think you should tell them and keep it because it’s definitely worth a lot more in a “messed up” holder definitely keep it
Re the 1877-S mistake, pose the question on the PCGS coin forum. You might find out that the number of collectors of PCGS holder errors is extremely low. Also, I would do a search on eBay sold gold coins mistakenly holdered re the date or MM. Good luck in any event. Cheers, Bob from Syracuse.
Hola amigo buenas noches buen trabajo guste del video gracias por compartirlo un abrazo 👏👏😊☘👍
Post a YT video to show how PCGS makes mistakes grading coins. Sell as an error or see if PCGS pays you for mistake, which ever is greater!!
What is the best coin identifier?
I once had a Morgan dollar, can't remember the date, that came back from PCGS graded as a MS-58. I guess they couldn't decide if it was AU-58 or a MS-60, so it must have been an in-betweener.😂 I ended up selling it for no extra premium - wish now that I would have kept it just for the cool factor. I also just recently just bought a PCGS graded MS-65 Walking Liberty half dollar labeled as a 1943-S, but coin in slab was a 1945-S. Oops again!
I'd hold on to it for awhile and find out first to see if anyone collects this type of mistake! Won't hurt to find out!! Good luck!!
Hi my name is Terry Simmons and I'm a member of Pcgs and I submitted my 1943 S Copper Penny and Pcgs kept the my coin for 2 months. PCGS didn't grade my coin and couldn't give me a reason for not grading my coin. I sent the coin to Icg Independent Coin Graders and they graded and labeled my coin a damaged 1944 because it says 1943 S on the Coin. IVE FILED A $5 MILLION LAWSUIT AGAINST PCGS.
Wow. Considering their "so-called" reputation, the abysmal turn around time and cost of the grading, this is absolute bull$hit. I would contact them, send some pictures and demand a quick resolution. Imo, this brings into question their ability to grade coins, if they overlook something so obvious. A child would have caught that..
My son was given a mismatch/on mint. with a Boy Scout stamp in the holder as a present for his coin collecting merit badge from the president of the ANA when we informed her about it she sent us another one with a Florida state quarter in a Texas labeled holder.
Thanks! 👍 So what did you end up doing with the error? Tia! 😊
The 1914-D $2.50: EDIT: Video answered 1st question and created another. You show a MS61 grade on this, but state they labeled it cleaned. Do they not stop the grading process if cleaned or do they grade, but note the cleaning?
Again, if it still has great details, but gets labeled cleaned, does that automatically eliminate the graded value or would serious collectors still buy it at a discount? Basically, is there a scale to determine cleaned coin value based on level it was cleaned?
Just hold on to it , maybe its worth more now.
I would call them back and have it changed they're bad. For that 1877 S.
I prefer ngc and anacs. I have some old pcgs in rattle holders but pcgs got to big for their britches. It seems like they mess up as much as they get it right nowadays
Was that how you labeled it for submission or did you have the S. You didn’t mention or show the paperwork. I would keep it with the error slab. It has to be worth more.
How do you tell that coin has been cleaned?
You have some cool coins. Thanks for sharing.
Lol that’s crazy, I’m sure you will get your money back and more. I would call them and ask them to refund the cost of said failed (egregious) graded coin but build a good relationship with them for the future. You both win in the long term.
Nice to see them, again. Next time you're in the states. Take it to random coin shops and see what they appraise it.
I would keep it. I would then say to them... "What would make me a happy and a return customer, would be for you for refund the cost of the grading for that error... and, I would also like some free grading vouchers that I can use on a future order".
I'm late to the viewing audience, but I'd put that PCGS error up for auction on one of the bigger auctions. Call PCGS "anonymously" and let them know about it. After that, they can pay fair market value to get it out of circulation.
This is my biggest fear with grading companies!
Best advise i got for ya... dont be optimistic wen it comes to making money, grade tour coins slightly low just in case or youll end up dissapointed
Hey SP! Silver stacker who's coming brand new into the collector's side of things.. I've been seeing a LOT of people post videos and make forum posts about both PCGS and NGC making errors as of late, and even returning coins that have obviously been damaged or marred during grading. How do you feel that these companies are addressing the issues at hand? Are they doing right by their customers and the community, or just leaving the issues to rot?
To be honest I’m not quite sure. I certainly think that PCGS should be aware of these issues. Frankly I would like to see PCGS respond to this video.
Having a grading error might raise the value! I would put it up as an error!
Where did you find the prices of the detail coins?
I estimated based on eBay sold listings
Awesome video silver picker that's tough choice on that 1877 s gold coin been me either keep it as is or send it back anyway thanks for sharing silver picker
I'd take it to a show they're grading live at. If you leave it in the holder as it, someone is going to get screwed down the line paying for the wrong coin.
I'd have no pity for that someone because they should always buy the coin not the silly plastic box it comes in. Always buy the coin.
pcgs and ngc always give lower grades than the coin is sometimes i have two of the same coin and the higher-grade coin is less than the better condition one
On mistaken labels they will tell you to send it back and they will correct the label. I am not aware of any mislabeled coins that hold a higher value due to the label. I could be wrong there. I don't think PCGS will give you any special monetary breaks for it. They may not even cover the shipping of the coin back to them from what I heard. The relabeling should be pretty quick as it doesn't need to go in the line for grading again.
Good luck on the issue! I haven't sent anything in for grading at PCGS. I've been worried about what they would say was cleaned and such!!
Keep it as a PCGS error and something most don't have.
Great video! Max, was the correct info for the 1877-s $2-1/2 piece listed on their form? Did PCGS compound a possible error on the paperwork and thought it was 1877? There are supposed to be 3 graders and a finalizer. How did it get past 4 persons? If you speak to them, have them rush it back to you as compensation. Be well! Ed
There were 3 graders. The original grader, a first grader and a second grader. :)
Just write "s" and a smiley face next to the date in magic marker. Works every time.
I would make them pay you the value of there mistake £3000 bucks....They screwed up and at the end of the day. And its there reputation on the line here....
This blows my mind and goes against everything I know about the grading process... This means two graders missed this obvious error....as someone getting ready to buy it, I would think its a fake slab, pcgs counterfeit.
very nice video.
I would call them up and ask them what should be done to rectify the problem! You paid for the service and that service was subpar and resulted in a mistake! They should fix it at no cost! (I mean, this is my opinion though)
The error slab is worth more as it is . Pcgs will want u to send it back to fix it it's like a tarnish on there name . But ppl like error slabs they don't happen alot but they do happen .
Better because it’s a PCGS error. Hang on to it or sell it to someone who is willing to pay for the error. Thx for sharing
did you hear can will start grading coins in 2023 ? but i think you should keep the slab as an error because i heard they’re worth more. not sure tho
I **can** type better than you: C.A.C. 🤔 😲😳😬 🤣😂🤣 I’m just messing with you, Alejandro !
@@rogerkinard7446 dumb autocorrect 😂🤦🏽♂️
Hey I’ve been stuck on what the number on the back of a 1 dollar bill means. (It’s located in the bottom right corner of the middle of the back of the bill)
I know it’s a little confusing but I’m sure you’ll find the number
I say hold it and see what happens .check with other dealers to see if received mistakes.