FRUSTRATING - Warning About Sending Error Coins To PCGS
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- Опубліковано 30 лис 2023
- Warning About Sending Error Coins To PCGS Frustrating
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Warning About Sending Error Coins To PCGS Frustrating
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Very good video. This must be why most dealers hate errors unless it's a popular error.
From a buyer's perspective, _buy the coin, not the holder._
100%
That's very true but it's not really how it works. If the variety or error is on the holder then it unfortunately gets the premium.
Daniel, you are correct to question and criticize because the grading companies are vague about how to get coins labeled correctly
I totally agree with you, PCGS and NGC don't care about errors unless is a HUGE and more than obvious error, die chips and cuds they don't care.
Anacs is the king for error attribution, just keep that in mind. And for grading we know PCGS is the king
Have a great day Sir Daniel
Thank you Daniel. We are learning from your experiences.
PCGS needs to update it's price guide with all errors,varieties, etc. there's also a bunch of ddo's not listed currently in their price guide, what are they waiting for? they make millions of dollars a year they can hire someone to do the update including PUp's for every coin so new collectors will know where and what to look for and what a variety or error should look like, etc.
Thanks for all your help and information cuz you make it as clear as it can be and hope to visit your shop and meet you someday 💖
If I'm in Daniel's position of owner of brick and mortar establishment, I would most likely send the majority of my coins to any one of the big 3, use to be 2 👉🏻CAC in the game now, but if I'm just Jo shmo ( which I am😉) collector and novice seller of numismatics I send those errors and varieties to ANACS. My personal experience in selling or flipping slabbed coins of this nature has always been surprisingly very good. Seems the errors and varieties that ANACS accredits are just as valuable as the NGC and PCGS. ANACS has this sort of integrity concerning these type coins. I don't know if anyone else feels the same. I've done many submissions over 30yrs and ANACS holds a special place in my nostalgia vault. I have several coins slabbed in the very first year of operation. Boring to most, It never gets old looking at a 1884 S MS66 Morgan in a 1st year ANACS slab💯🇺🇸👈🏻🙏
Thanks Daniel. I know you got an upgrade on the one but they need to do you right. I don't know if you get to a show that PCGS reps might attend or how far out they are from today but if you do, take the coins and paperwork and talk to them. I mean if you want to resubmit them and still have a profit margin with that, I guess that is a way to go too. Might be quicker. ANACS is great for the varieties and errors and them putting that on the label....but then you don't have PCGS. Makem get it right or have them help you understand why they did what they did. I wish you well. Really NICE coins !! BTW its kind of cool to see the likes and views go up while typing.
Another great video Daniel. The coins that you submitted the one coin you found that you submitted under the wrong thing, you submitted under varieties instead of the error. If the other people would of read what you wrote instead of blaming PCGS, because of their bad luck on their submission they would have seen what you wrote. They are mad about what happened to them and not taking the time to learn why they didn't get what they got for their coins. I am not saying that they are wrong but they need to take the time to figure out how and why they got what they received. Thanks again for all you do Daniel.
Thanks Daniel I appreciate your input. ❤
I'm really not into the error coins, but if I had those submitted, I'd be disappointed like you. Thanks for sharing, Daniel. 😀
Daniel, I feel you pain so much that I now send in my error coins to ANACS and forget PCGS and then try to cross the better ones over. If it doesn't cross well at least its attributed for way less money to put out
I've had many issues with PCGS. I like ANACS and ICG, but they don't get the value for sales that the other two get.
Very useful information
Definitely frustrating, cool coins thanks Daniel
I expect better from them sir. Great job sir.
Thank you
Great video and feel your frustration,usually send coins to NGC,sent a 1871 s morgan that looked proof like and at least a 64 or 64 + but came back ms 63 and have sent coins that seemed over graded to what I thought they were,makes me wonder just what kind of qualifications it takes to be a coin grader at these places,I don't know.
I think that the RPD is RPD-006 in the Flynn book....
Nice coins! Good video Daniel.
Thanks 👍🏻
I feel your pain, Daniel… it’s funny I was just talking about this kind of issue earlier today. I’ve been the beneficiary of a similar issue. I bought a peace dollar off of eBay. Nothing major…it was an MS63. When I received my coin, it was an MS64 and it had a non-notated “whisker jaw” attribution. I was pleased considering how little I had paid for the MS63 coin that I thought was coming.
So you received a coin you didn't pay for?
It was as a mistake and someone else didn’t get their coin. I would have notified the seller and shipped the wrong coin back.
Great information because I am sending a coin to PCGS and I'm not sure if it's a double die 1969 s. I sent info to PCGS and they referred me to a local PCGS dealer which I am contacting Monday and he's going to take a look and give me a hand rating this coin and sending it in.
I'm frustrated too. I sent PCGS a 1989 Lincoln cent with a 1988 FG. It came back genuine questionable color UNC detail, not gradable. Nothing was said about the FG. So, now what?
Ouch, thanks for sharing
I have a Morgan dollar that has a strike thru error. Wondered if it would be attributed.
I also believe that is a “Pre-Cud” “aka” rim to rim die crack and not a full fledged cud.
A cud is a rim to rim die break, it can be retained or detached but it is still a cud either way. Mine is detached.
I think they would claim it's a dramatic die-break and not a cud, because it's not detached. You can still see the denticles.
A cud is a rim to rim die break, has nothing to do with denticles, I explained that in the video.
I overpaid for a $20 note error submission and PCGS kept the funds. No refund. No credit. Not even a "Thanks dumb*ss!"
I don’t understand why they didn’t note the cud…what the heck ?!
If I were to submit these coins, for example, I would have put on the form "1865 2C RPD FS-301, RB" and used coin number 38255 to make it clear what I was expecting them to do. For the other one, I would have a note, "Please put "Rev Cud Die Break" on label.
It wasn’t fs-301 and I did ask them to put cud on the label.
@@CoinHELPu ah ok. Still that's the approach I would have used, I would have specified the FS number I thought it was to make their job easier and again, be clear about what I'm expecting. Hope that helps next time! It certainly can't hurt.
It’s not that. I’ve submitted coins to PCGS for over 20 years. I just wanted RPD on the label but they don’t recognize this die pair.
@@CoinHELPu It is frustrating for as much as they charge for the categories, that they don't provide some sort of assistance to assure the coin is handled as intended, or at the very minimum provide an explanation why they didn't...
The coin you have that you said is a reverse cud, I have a wheat penny that has that all the way around the edge of the coin
Interesting in that I have a two-cent with a large cud on the reverse from about 10 to 12 o'clock, lower grade so not high-priced. Makes me wonder if these coins were prone to breaking their dies.
All dies where prone
PCGS will only attribute varieties listed in the Cherrypicker's Guide. It has to have an FS# for PCGS to put it on the holder. ANACS was really tight on grades last batch I sent to them. What do you do when everyone expects ANACS grades to be high and the one's they graded for you are low??
They attribute more than that, they attribute more, it must be listed on their website and all of them are not in the Cherrypickers.
The reverse cud IS attributed. The old slab MS64 had RPD on it, WHY did they not put it on new MS65 slab? I'd be erked too💯🇺🇸👈🏻🙏
got to say thanks for the info
I am brand new to doing this. I sent in 5 coins. 2 of the coins might have doubling but I'm not sure. So, am I supposed to pay for extra services? What happens if there is no doubling? Am I just out the extra money? I just assumed they would look the coins over and tell me what the issue's are then I can pay the extra fees. How do they expect someone like me to know all the issues and pay upfront? I don't get it. Thanks. Un your opinion is it best for me just to leave my coins as regular service?
You don’t send coins off because you think they’re doubled dies. You get them verified by a dealer or error expert first. Join CONECA and use their services.
I hate to say it, but it is my opinion that PCGS didnt give attribution because they "pick and choose" the "popular" ones. Example: ANACS gives attribution to all VAM's, PCGS/NGS only does the "Hot 100". They are just stuck in their ways. I have a raw 1922 Peace dollar (about MS63ish) VAM 6-A. NGC has it as a Variety Plus for an additional $18 and calls it 'DDR leaves and crack'. Over at PCGS, they only give attribution to the VAM 6 (DDR leaves) only, not the 6-A. Crazy, frustrating.
Better luck 🤞 next time!!!
The more I learn about PCGS , the MORE I LIKE about NGC !!!
Thanks for the update video and I have 13 coin at pcgs going on 4 mouths
I would be calling them, it doesn’t take that long anymore.
I sent 9 coins in to PCGS. ALL of the coin have errors. PCGS was quick not do ANYTHING for nearly 3 months. Then I get a call asking to update my CC for charge. I then get my coin back RAW-Graded with ZERO ABOUT ERRORS. I call and complain. They point out yes I did send in photos and on the descriptions of the possible errors. I did not however check the verity blocks. Do you think PCGS would call and tell me, "oh sir as a long time customer did you intent to forget to check the box?" PCGS SUCKS for a customer. I am NOT happy and DO NOT RECOMMEND PCGS in ANY coin grading. Unfortunately I did not see this warning video before spending money with PCGS. I DO NOT RECOMMEND PCGS.
PCGS should contact customers on this.
Now I know why my coin doesn't have a premium. One thing Daniel they charge for Error attribution so why wouldn't they put it on the label??? Sometimes I think the Grading Process is kinda rigged for the Rich!!! It kills me the amount of fee's they charge!!!!!
Agreed
It’s not rigged for the rich. It’s all about being knowledgeable about grading and varieties and sending as many coins as possible.
The more you send the more it cost and some people don't or are not able to afford that kind of fee. If I were to take say 40 coins and send them in for grading well I just spent my rent money for 2 months now I have to work double as hard to make it up. To a financial stable person that just a drop in the bucket. I have 1 coin I want graded so in order for me to get it graded it's going to cost a minimum of $250.00 to $300.00 to have it graded insured postage, Attributed, Label with error, wait 3 months, insured postage back, oh and a membership, it just seems rigged to me like for the chosen ones. I have fun with it and maybe someday I'll be able to afford it doubtful but maybe someday...
"so why wouldn't they put it on the label?"
Because the error has to be on their "approved" error list.
@@typeviic1 that is not the reason. Varieties must be significant for PCGS to put in labels. Mine is not. The error is the CUD and I sent it under the variety tier instead of the error tier so they didn’t put it on the label.
I'm surprised that a coin with a cud is worth more than a coin without. Is that just because of the rarity?
I honestly think the auction I show is an anomaly but a cud will increase the value some cause it’s a mint error and an obvious one.
I have heard the term "pre-cud" - what is the meaning of that? Could it be that the two cent is a pre-cud? Just trying to educate myself. Thank you.
No such thing. I explained the only two cuds there is in the video.
@@CoinHELPu Oh then I guess Cuds On Coins has it wrong when the say "A "pre-cud" is a precursor to...cud. The Pre Cud starts out as a Rim to Rim Die Crack." Good to know.
@@aantunez5391I collect errors, and such coins are often referred to as "retained cud". So the affected area is still held in the die, but it's completely surrounded by a die break.
A rim to rim die crack is a retained cud. I have no idea why they’re calling it a pre cud. It’s pre broken off the die, but it’s already a retained cud.
May be you should add a CAC Sticker first, before have it regraded by PCGS it may help you get the correct label and the higher grade that it is Worth.. Or that you are asking for the mint error die brake Cud...it is pretty close to the other one for sure ..too. What is
CAC has nothing to do with that and would not help at all.
Fees are unbelievable 😮
I have a 2020 d mint dime and i haven't had it graded it is most likely ms67 or ms68. I took a picture of it.
No one can help you using images, you have to send it off and take your chances.
You already had 60$ in grading and wrote that it may need mint error.. a business that wont call and or just upcharge the 10$ doesn't need your business. Exact reason we quit using them. They want you to resubmit for the easy double fees, just like A/T coins that you can clearly see are natural.
I had the same exact problem😢 and they have zero wiggle room
Until enough complaints are made and enough money is redirected from these less than professional grading companies, this will continue. And people, quit talking out of both sides of your mouth about these money grabbing scammers. Enough shenanigans over the years has happened to where their pocketbook should be targeted. Umbrella corporations only care about their bottom line, not the products and not the consumer. Unless you're an owner or investor like David Hall or David Lawrence submissions, which are in most cases overgraded.
I think it is more of who you are more than what the coins in the 3rd party grading anymore and if everyone would just list coins as is for sale without grading and not use the graders for 30 days they would feel the pinch and open their eyes to the fact that everyone is equal and not just the high end collectors that supports their realm of grading for the elite
No, people would be getting ripped off, since there would be an infinite amount of grading opinions.
They could have labeled them cud break 1, 2, or 3 die stage
Always trying squeeze ever buck out the coins but most dealers don’t want pay xtra unless it’s attributed on coin crazy
A real mint error and variety dealer will buy if it’s not in the label.
Or the next time you go to the fun show or any PCGS show go up to the PCGS booth and ask them . Don't forget to bring your original submission form.
I can just resubmit after I talk to the dealer rep.
I sent a 1969s doubled die they graded it as a 64 but they did not put double die on the holder I don't want to mention what grading company 😢
Ether it wasn’t a doubled die or you didn’t submit it under the variety tier.
Also, if you paid them the extra money for attribution that they dont "recognize", you would think they would have a credit on your account with them to use on your next submission.
Yeah but they still do the research and handle the coin.
Wow there's to much to learn about grading its kinda sad.,but I have got a few coins worth grading.
Definitely still a reverse die cut in my opinion
First of all,pcgs & ngc usually does not note anything about that type of error cuds,rpd, ECT....
Those two grading companies will only note a major or obvious error..
And will" State"( MINT ERROR) on the top of the label...
Now, ANACS on the other hand,is another thing...
Submit them to ANACS.
Not true, I even show a similar example of a cud in this video, almost like my coin.
Do t feel bad. Easier to.solve than my situation. I sent a 1945 Philadelphia Mercury dime that is an uncentered broadstrike with full split bands to ANACS, PCGS, and NGC. Called all three in advance to verify that I would get stamp designation. They all said yes. They all lied! Spent so muchoney! Have contacted CAC grading and sent it off. Fingers crossed. Frustrating experience!
They can’t tell you your coin is full split bands over the phone, they said if it was they would, not that it was over the phone. Come on now.
@@CoinHELPu Understandable. Yet, upon receiving and grading, they made a notation on the invoice that they don't affix FB,FBL,FS,FH, ETC to error coins after saying they do before I sent it to them.
@jamescarter8662 this is how misinformation gets started. PCGS and NGC do use those striking designations on error coins. Your coins just weren’t what you thought. Always research and pay attention to the details. Slow down. Here’s a link to FB errors coins.ha.com/c/search-results.zx?N=790+231+51+330&Nf=&Ntk=SI_Titles-Desc&Nty=1&Ntt=fb&ic4=KeywordSearch-A-K-071316
Just trying to reach PCGS is frustrating enough....
Looks like all down the left side of the 1 as well.
PCGS says they will confirm and attribute errors on coins then another person says you have to have it attributed by a professional first.
PCGS will put known errors and varieties on the label but they will not research or attribute new varieties. They submitted my error under the variety tier, it was my mistake.
Hi Daniel very cool pieces,,
I don't understand how you made a mistake, shouldn't they be more accurate and know how to properly catalogue and designate labels without you - as an expert that you are- having to submit notations on the piece being appraised? Maybe I'm expecting too much for my money or they are that mechanical and grading coins on an assembly line? I guess you have to be more specific in the future
...live by the sword, die by the sword? ⚔ 🤠
I am fat from dead.
MrDaniel I truly believe that JUST CAUSE ITS PCGS and THEY DONT MAKE MISTAKES AS THATS HOW THEY THINK SO IT SUCKS .. u being in the business a FLIPPEN LONG TIME AND THEY KNOW WHO U R LIKE COME ON .. already .. I hav coins I’ve inherited and to be honest I’m like not sure I want to use pcgs but it’s at own risk and one’s discretion:. So yes but I truly believe u being credible I believe all that u say .. like seriously ..
I submitted them incorrectly.
My worry is lost in mail. If I could hand deliver coins I would.
Surprising video, glad I didn't.
Tengan muy buenas noches y un cordial saludo para todos pues la verdad yo tengo varias monedas que veo en varios vídeos que se buscan pero la verdad no entiendo nada de todo esto y pues ya en Dos ocasiones que traté que una persona me valorará las monedas y unos billetes antiguos me cito en un lugar donde nunca llegó nadie y cuando llegue a mi Apartamento tocaron la puerta y cuando abrí me golpearon y asaltaron todas mi monedas y billetes y las que tengo hora no sé ni dónde ir solo las.guardo a ver qué pasa al gun día primero Dios algún día pueda negociar las
Guess you have an "early stage" cud...
Im tired of my lcs not caring enough about the coins I bring him it’s like what ever spend it attitude
If they were worth something then he wouldn’t say that. I recommend looking for coins you can find example images of at CONECA variety vista.
I feel for you Daniel. Maybe whomever was grading your coin had a bad day and just didn’t feel like giving you the win. I guess on to the next one. 🙏🏼
Seems like everyone is complaining about PCGS these days.
People have complained about the grading companies since their inception. It’s nothing new.
Ive found when getting my coins graded there they do the least amount of work as possible. Also, they don't recognize varieties as often as they should. Lack of knowledge or just to fast to process
I mostly hear negative feedback regarding PCGS. I don't know why dealers and significant collectors don't revolt and stop using them altogether? Second tier companies like NGC typically try harder.
NGC isn't second tier though but the market pays more for PCGS than the rest but not much more when compared to NGC.
@@CoinHELPu Got it. 👍
@CoinHELPu May I email info and photos of a nickel that I've come across that is the wrong diameter, weight, thickness, and over polished for your review and advice on what might have happened? If not, would you recommend sending it to Mike Diamond?
@@Brian-bm7ew you must use the coinhelpu community for that kind of help.
@CoinHELPu Okay. I'll do that.
Grading is such a scam.
pcgs is just starting to suck. i send my coins straight from the mint still in holder and get mabye 1 in 20 pr70. i would rather just get them from ebay at least i know what i'm getting, instead of wasting money on pcgs over pricing
Bad on their part, you paid extra for them to do a job, you did most of the work and all they did was take your money. I like ANACS but in the market they are the 3rd dog in the pack.
The RPD is too common and I didn’t send the CUD under mint error tier, so they didn’t label it because it’s not a known variety either.
I think the whole grading racket is nothing but a big scam, personally. Wrecks the hobby and puts a lot of $'s in someone else's hand.
these companies are in my apionion ruining the hobby ...they take atvantage of there power 120 to grade that coin is out of line...cant spell btw...
They did the same thing to me so I've dropped them altogether
Is it all your fault or PCGS? Your presentation is waffling.
I think is a lot of money to grade a coin, 37 S&H plus 120 for grading. plus inflated value.
Thank you