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 Replies: 19 / Views: 5,456 |
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Valued Member
Australia
295 Posts |
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Valued Member
Australia
315 Posts |
That's much better, still looks like US based companies. There is some reputable TPG that are situated in other countries that are good but unfortunately all these basement US companies are killing the chances for these other companies that are trying to have a go. |
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Pillar of the Community
Australia
539 Posts |
I have bought product from IS wright before and have always been happy with my purchase, I am surprised to see them selling stuff like that but at least they have good pics and don't try to claim the grade is correct
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Valued Member
Australia
315 Posts |
More then likely they were in a bulk lot that they have purchased and not actually sent them to these TPG to grade them |
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Valued Member
Australia
243 Posts |
Bumping a bit of an old thread, but I have seen IS Wright and Status International auction off coins from basement TPGs. However, as serial mentioned, they don't try to claim the grade is correct, nor do they sell it for what the grade would suggest. The coins are sold as is like serial said (similarly, I've always been happy with my purchases from these guys).
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Moderator
 Australia
16830 Posts |
I've noticed that most Australian B&M dealers either do not know, or if they know they choose not to make known to their customers, the difference between basement slabbers and genuine TPGs. Slabs from PCGS and NGC sit side-by-side with coins slabbed by NNC, SGS and worse.
None of the ones linked to by trout are actual "independent third party graders". They're all coins that have been self-slabbed by US dealers.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
 Australia
762 Posts |
Quote:
I have seen IS Wright and Status International auction off coins from basement TPGs. However, as serial mentioned, they don't try to claim the grade is correct, nor do they sell it for what the grade would suggest. The coins are sold as is  You should judge/grade/buy the coin, not the slab.(this applies to PCGS and NGC certified coins too) |
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Valued Member
United States
259 Posts |
I looked at 3 and all were obviously cleaned
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Valued Member
Australia
243 Posts |
Purely based on observation, I don't think TPGs are really a major part of collecting in Australia. It seems to be growing in popularity over the last few years, but there aren't many established dealers who have come to accept the practice. Like, if you look through a Noble Auction catalogue, they will give slabbed coins their own grade and then make a small note down the bottom like "In a slab by PCGS at MS63".
So it isn't really surprising to see the confusion. Then again, buy the coin not the slab.
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Pillar of the Community
United States
1531 Posts |
I would suggest sticking with the more reputable third party graders like PCGS and NGC, PCGS in particular.
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Pillar of the Community
Australia
1295 Posts |
Quote:
Purely based on observation, I don't think TPGs are really a major part of collecting in Australia. It seems to be growing in popularity over the last few years, but there aren't many established dealers who have come to accept the practice. Like, if you look through a Noble Auction catalogue, they will give slabbed coins their own grade and then make a small note down the bottom like "In a slab by PCGS at MS63".
So it isn't really surprising to see the confusion. Then again, buy the coin not the slab. Good points. Probably why the majority of slabbed material from PCGS/NGC is cleared through non traditional auctions. Whether they be ebay, Pacific Rim Online Auctions, or Numisbid. |
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Pillar of the Community
Australia
908 Posts |
I certainly hope they are the way of the future in Australia as I have invested
quite a lot to slab my best coins
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Valued Member
Australia
243 Posts |
Even though it hasn't taken off yet in Australia, I think it is still a good choice for investors. I think it does give you more options when selling and there are collectors who like the extra security of knowing that the coin is problem free.
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Pillar of the Community
United States
1757 Posts |
A collector once told me never buy a coin not in an PCGS holder if that is your thing ... I extend error coins to NGC and other types for the right opportunity and price ... anything beyond PCGS/NGC/ANACS ... buy only IN PERSON.
John Lorenzo
United States
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Pillar of the Community
Australia
541 Posts |
Quote:
Even though it hasn't taken off yet in Australia, I think it is still a good choice for investors. I think it does give you more options when selling and there are collectors who like the extra security of knowing that the coin is problem free. It actually has taken off in some series (pre-decimals, decimal singles), particularly in on-line markets where the need for third party grading is much greater (for obvious reasons). The percentage of sales that occur on-line will only increase over time which in turn will drag up demand for third party grading. |
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Posted 02/02/2014 12:07 am
Like how long this other list is:
