PCGS Guarantee

Started by trout, August 31, 2014, 04:06:57 PM

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trout

August 31, 2014, 04:06:57 PM
I have a 2014 Proof MOR selectively gold plated Cu/Nickel coin Graded by PCGS and described as a Silver coin.
I have sent them numerous emails and data from RAM trying to "Enlighten" them that this coin was in fact minted on a Cu/Nickel planchet and they still insist that it is in fact a Silver coin.

If I was to sell this coin as a "rarity" (Minted on the wrong Planchet) for some ridicules sum of money, Would PCGS reimburse the buyer when they find out it isn't a silver coin after all?

I certainly won't be doing this but something like this would leave PCGS open to loosing a large sum of money because they haven't taken "Due Care" .
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

ausjack

#1
August 31, 2014, 05:03:22 PM
Yes I think you should do it just to prove a point, they have it written so it's up to them to compensate for making the mistake :)
A wise person knows there is something to learn from everyone.

nealeffendi

#2
August 31, 2014, 05:49:28 PM
You need to read the fine print Troutski, PCGS specifies that obvious clerical errors don't get compensated (so your coin is in that category) and if you want to legally challenge their decision then you have to pay (big time) to contest in the court system of Orange County California.
So the guarantee is only worth what PCGS thinks it is worth as a promotions tool. For us little fish the best we can hope for is that they think their reputation is worth protecting by fixing clerical and other errors.
Is there any (tiny) chance that the RAM used the wrong blank for your coin and the XRF analyzer at PCGS picked up that your coin is silver and not CuNi?

Goldseeker

#3
August 31, 2014, 06:55:28 PM
Why not take your coin to a local dealer that has one of those Metal Assessors that they place coins on and they get a readout of the composition of the coin......
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JeffH

#4
August 31, 2014, 07:11:58 PM
Quote from: 'Goldseeker' pid='58312' dateline='1409477128'Why not take your coin to a local dealer that has one of those Metal Assessors that they place coins on and they get a readout of the composition of the coin......
Those are rather thick on the ground where trout lives! :haha:

Sorry Bruce; I couldn't resist but I do take your point as a good one.
Thinking is dangerous, it makes you think. That\'s why many people avoid it.

nealeffendi

#5
August 31, 2014, 07:42:57 PM
Quote from: 'Goldseeker' pid='58312' dateline='1409477128'Why not take your coin to a local dealer that has one of those Metal Assessors that they place coins on and they get a readout of the composition of the coin......
XRF analyzer?:angel:

trout

#6
August 31, 2014, 08:52:05 PM
I doubt very much that this particular coin is struck on a wrong planchet.
An XRF machine would instantly prove this to be NOT silver :ok:
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

serial

#7
August 31, 2014, 09:43:23 PM
yes but what if it is. wouldnt it be nice :)
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