PCGS "Coin Doctor" Suit kicked out of Federal Court
No User
The famous 'coin doctor' suit..."the whole enchilada" got tossed...judge
lambasted David Hall...outrageous that a company that charges for evaluating
coins is suing their own authorized dealers (agents) for PCGS's FAILURE to
properly do the job they purport to do.
Jerry Dennis
Chalk one up for the good guys.
Jerry
Steve
I assume that you are saying that in a sarcastic manner as the coin
doctors certainly are not the good guys
Beanie
"Steve" <coing...@yahoo.com> wrote in message
news:a08e73e8-84a0-4bb9...@15g2000vbz.googlegroups.com...
`-`-`-`-`-`-`--`-`-`---`-`-`-`-`-`-`-`-`-`-`-`-`-`-`-`-`-`-`-`-`-`-
PCGS should have caught those doctored coins when they graded them.
That they failed to do so is an indictment on their incompetence and cupidity.
Jud
> PCGS should have caught those doctored coins when they graded them.
> That they failed to do so is an indictment on their incompetence and cupidity.
Actually, an indictment on all TPG's. I recently had a Patriotic Civil
War Token returned by NGC in a body bag for "Questionable
Authenticity". I purchased it from Dale Cade (RIP), a well respected
authority on patriotics, and it was also viewed by Q.David Bowers,
SteveTanenbaum, Steve Hayden, Paul Cunningham, and a number of other
Civil War Token experts, none of whom raised an eyebrow. Not only do
the TPG's fail to ascertain doctored coins, but they apparently also
have insufficient knowledge or experience to identify legitimate ones
as well.
Jud -Life Member Civil War Token Society-
Jerry Dennis
Like I said, chalk one up for the good guys.
Jerry
oly
Which all begs the question why you felt the need to have a CWT
entombed in the first place. Why?
oly
Beanie
"oly" <oly...@aol.com> wrote in message
news:d58c9f1e-e4d7-4d47...@l8g2000yqh.googlegroups.com...
>Which all begs the question why you felt the need to have a CWT entombed in the
>first place. Why?
TPGing any coin or token makes its eventual sale much simpler.
Investors and hoarders are not likely to be able to properly assess condition
and are more likely to buy the slab, not the coin.
Furthermore, the rash of Chinese fakes makes certification more important - even
with the apparent deficiencies of NGC and PCGS.
Jud
> Which all begs the question why you felt the need to have a CWT
> entombed in the first place. Why?
>
> oly
It's a R-9 token, with one die being the only use, and the other die
one of two uses. Unusual shape too, very small diameter and very thick
planchet. I am thinking of having it verified by the CWTS and then
sending both the token and the verification back to NGC. Don't know if
it will make a difference or not. And yes, the reason for slabbing it
is solely for resale purposes.
Jud -CWTS LM222-
TheBigOne
monetary damage due to a crime done in violation based on a written contract
agreeing not to commit crimes as defined by PCGS. Should of been a quick win
for justice and honesty. I think the coin doctors will be found guilty on
appeal it will only help PCGS and hinder those who practice such things.
Troy
"Beanie" <b...@ea.ne> wrote in message news:ielu2p$a9s$1...@speranza.aioe.org...
>
>
> PCGS should have caught those doctored coins when they graded them.
> That they failed to do so is an indictment on their incompetence and
> cupidity.
>
ridiculous. By submitting doctored coins to PCGS, doctors are committing
fraud and exposing PCGS to financial loss in the form of their guarantee.
I'd say that defrauding a public company is pretty serious. Sure were just
dealing with coins... but the doctors are putting the publics money at risk
which is ridiculous. All I know is that saying that coin doctors should be
allowed to attempt to defraud a public company without reprieve is shameful
and scary.