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My First Certified Celtic Coin..ambiani Gold Stater Of 1st C

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Pillar of the Community
Canada
541 Posts
 Posted 06/08/2014  1:53 pm  Show Profile   Bookmark this reply Add Cassidy77 to your friends list
Chris Rudd always provides documentation with his coins . Have you actually seen any examples of faked ancients being certified by NGC?...Im sure it could happen but I doubt it.
Valued Member
United Kingdom
201 Posts
 Posted 06/08/2014  4:31 pm  Show Profile   Bookmark this reply Add Jimbo777 to your friends list
Thanks for the clarification Cassidy. I bought it from Mike Vosper who usually has a nice selection of celtics. Will definitely have to purchase Chris Rudds book I think.
Pillar of the Community
United Kingdom
1569 Posts
 Posted 06/08/2014  6:40 pm  Show Profile   Check MetDet71's eBay Listings Bookmark this reply Add MetDet71 to your friends list
NGC cover themselves very well when it comes to ancient coins, I recall seeing something a while back regarding some mix up but can't recall the details. Anyway, this is what NGC have to say about their slabbing of ancients :-
[NGC Ancients will not grade coins that are of an ineligible type, are altered, appear to be unstable (internally or on the surfaces), which cannot be verified as authentic, or which do not have sufficient design detail to allow a minimally acceptable attribution. In these cases, fees are assessed as handling costs and insurance expense have been incurred, and the graders have engaged in the normal examination process in order to determine that a coin must be returned ungraded.

Counterfeit Coins
NGC Ancients will only grade coins it believes to be genuine. Coins considered counterfeit will be returned ungraded with the note, "NOT GENUINE." Also, NGC Ancients will not grade coins if authenticity cannot be ascertained by our staff experts and/or our network of consultants. In such cases, coins will be returned with the comment "AUTHENTICITY UNVERIFIABLE." This latter category may include coins considered genuine by other experienced professionals in the field.

While we make every effort to rely on the best information available, due to the inconsistency of opinions on these matters in the marketplace, no guarantee is made or implied about the authenticity of coins graded by NGC Ancients.]

You will never soar like an eagle if you hang around with turkeys.....
Pillar of the Community
Canada
541 Posts
 Posted 06/08/2014  10:42 pm  Show Profile   Bookmark this reply Add Cassidy77 to your friends list
@metdet..thanks for your info on NGC policy on fakes..i find they are picky about all coins and that is useful for preventing fakes or alterations being passed off as genuine. Most ancient coin collectors are not getting their coins slabbed ..Out of 50,000 ancient coins listed on ebay ..less than 1000 are slabbed by NGC and they seem to be the biggest agency although ANACS and some smaller companies offer an ancient grading service.. NGC is certainly the biggest and most respected so they must be doing a good job of it otherwise you would hear about it.Most ancient coins are in AU condition at best so handling them is no big deal and of course many get restored from being underground so they have to be cleaned to be recognizable. So why get them slabbed? For one thing you can leave them out on a cluttered desk and not have to worry about losing them! I doubt whether I will get any more of my ancient collection slabbed so this could be my first and last......
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United Kingdom
1569 Posts
 Posted 06/09/2014  06:13 am  Show Profile   Check MetDet71's eBay Listings Bookmark this reply Add MetDet71 to your friends list
Your's looks like a really nice example of the type. I don't agree with the 'grading' they have put on it, It looks far better than they have suggested. It would look better out of the case too
You will never soar like an eagle if you hang around with turkeys.....
Pillar of the Community
Canada
579 Posts
 Posted 06/09/2014  09:39 am  Show Profile   Bookmark this reply Add Whizb4ng to your friends list

Quote:
As far as I am aware, 'NGC' have only 2 guys that know anything about ancient coins and their knowledge is less than mine.


I am just going to correct you on this one quickly since David Vagi works for NGC and is the Director for Ancients.

Here is his bio on the website:

Quote:
A lifelong numismatist, David Vagi has specialized in ancient Greek and Roman coins since 1985. He entered the field as a staff writer for Coin World, and later worked as a numismatist for Christie's, Superior Stamp and Coin, Spink America and Smythe, and operated Delphi International Ancient Arts. For nearly 20 years he has penned columns for leading industry publications including The Celator, Numismatic News, World Coin News, The Numismatist and Coin World. His two-volume Coinage and History of the Roman Empire earned 'book of the year' awards from the IAPN, PNG and NLG. He is a life member and Fellow of the ANS, and a life member of the ANA, for which he has taught weeklong courses on ancient coins since 1994.


As much as I am not the biggest fan of slabbing Ancient coins there is no need to comment on the numismatists who work there. The company still has an excellent reputation and employ quality numismatists.
Pillar of the Community
United Kingdom
1569 Posts
 Posted 06/09/2014  3:36 pm  Show Profile   Check MetDet71's eBay Listings Bookmark this reply Add MetDet71 to your friends list
Thanks for the correction, though not needed, I am fully aware who David Vagi is and his bio. Anyone that can make a living by talking the talk without having to walk the walk has to be intelligent.
I still think they graded the original posters coin too low, stick to generally modern coinage for slabbing, expanding the market to ancient coins is just not needed and a little bit greedy.

You will never soar like an eagle if you hang around with turkeys.....
Pillar of the Community
Canada
579 Posts
 Posted 06/09/2014  3:53 pm  Show Profile   Bookmark this reply Add Whizb4ng to your friends list
I don't understand your comment about talking the talk without having to walk the walk. Are you implying that David Vagi has not 'walked the walk'?

My bet is that it was graded low on surfaces because of the light smoothing.

Expanding into ancients isn't 'greedy' it is smart business. They are a respected organization who saw a niche and expanded into it as a way of growing their organization.
Pillar of the Community
United Kingdom
1569 Posts
 Posted 06/09/2014  4:06 pm  Show Profile   Check MetDet71's eBay Listings Bookmark this reply Add MetDet71 to your friends list

Quote:
Expanding into ancients isn't 'greedy' it is smart business


Now we are getting somewhere. This is not a new topic, the great debate it has been referred to is buzzing all over the place. Have you read his later articles or watched the videos of him plugging slabs?

Have a read up and get back to me on it, a new thread preferably so as not to take away from the original poster.

Yes, it is greedy, absolutely so. He knows that a fair portion of the US market are slab crazy and as already stated on another forum, if you sell a nice ancient on a certain site, the slabbers will pounce, buy it up, get it slabbed simply for re-sale.

Of course he has 'walked the walk'. He grew up without a penny to his name, had a poor education and had to sift through thousands of crumpy coins to get a nice one, right....?

I admire your affection for the guy, but I don't agree with a lot of the things he writes about and I don't agree with ancients being slabbed. If they are so hot they need to be slabbed, give them to a museum so everyone can see them.
You will never soar like an eagle if you hang around with turkeys.....
Pillar of the Community
Canada
579 Posts
 Posted 06/09/2014  4:30 pm  Show Profile   Bookmark this reply Add Whizb4ng to your friends list
I have seen his later articles and the videos of him plugging slabs. Why wouldn't he plug slabs? He works for a company that slabs coins. He wouldn't go around saying that we shouldn't slab ancient coins because it would be bad for his employment.


Quote:
He knows that a fair portion of the US market are slab crazy and as already stated on another forum, if you sell a nice ancient on a certain site, the slabbers will pounce, buy it up, get it slabbed simply for re-sale.


Exactly they recognized a demand for an item and are supplying it to the people who want slabs for a cost. That is smart business.

Again, if you sell a coin and then someone else slabs it and turns a profit good for them. Could you not also have slabbed it and made the same amount of money? Yes.


Quote:
Of course he has 'walked the walk'. He grew up without a penny to his name, had a poor education and had to sift through thousands of crumpy coins to get a nice one, right....?


I don't understand again. Are you saying to 'walk the walk' you have to have the things you mentioned? You would think researching coins for 40 years would give you some sort of experience and knowledge base.

I never said anywhere I agree with David Vagi or NGC regarding slabs. You implied that NGC had very little knowledge of Ancients and I pointed out that they employ someone very knowledgeable in ancient coins.
Edited by Whizb4ng
06/09/2014 4:31 pm
Pillar of the Community
United Kingdom
1569 Posts
 Posted 06/09/2014  4:43 pm  Show Profile   Check MetDet71's eBay Listings Bookmark this reply Add MetDet71 to your friends list
So to sum things up. You are telling me that slabs are a good thing so that people can make more money from collectors, great, thanks for that. This is from a veteran collector of ancient coins on from another forum.

[The role of the slabber is to make it possible for the ignorant to sell coins to the ignorant. I'd prefer to patronize those who have put a life's work into understanding their subject and who will stand behind their items with a lifetime money back guarantee. Do all sellers do business this way? No, but the ones that someone ready to buy his first expensive coin should. There is no reason to pay a third party for a service that you should be getting for free just so you can buy coins out of the back of a pickup at a flea market.]

The rest is totally irrelevant, I don't agree with the NGC concept and as such I dismiss them totally when buying ancient coins, i.e. I do not buy any in slabs. I referred to them having less knowledge than myself and if you took that seriously then I have 'no comment'. But just as I posted that, you dismissed the possibility of me having knowledge without even knowing me.

I will stay in the 'anti slab' corner, even if I am alone, as usual.

There is no point me trying to explain what I mean by the walk the walk comment. You could probably think of a million reasons to not understand that.

The coin in the first post is a nice coin, vagi and company can't possibly use the US grading method on ancient coins, it simply does not work.
You will never soar like an eagle if you hang around with turkeys.....
Pillar of the Community
Canada
579 Posts
 Posted 06/09/2014  5:19 pm  Show Profile   Bookmark this reply Add Whizb4ng to your friends list

Quote:
You are telling me that slabs are a good thing so that people can make more money from collectors, great, thanks for that.


I am not saying that at all. I am saying that NGC recognized that there was a demand from collectors for ancient coins in slabs. Thus they started offering encapsulation for ancient coins. I am saying that is a smart business decision for the company.

Also, if you could do something to your sales that increased your profit by 10% (not including slabs)would you?


Quote:
I referred to them having less knowledge than myself and if you took that seriously then I have 'no comment'. But just as I posted that, you dismissed the possibility of me having knowledge without even knowing me.


Were you not being serious when you referred to them as having less knowledge than you? If you were not than I apologize I mistook what you said for seriousness.

Also, I did not dismiss the possibility of you having knowledge. Do I believe David Vagi has a larger knowledge base and resources to draw off of than you do? Yes. He has been researching ancient coins professionally for nearly 40 30 years. I am editing this since I am apparently bad at math.

You are not alone in the anti-slab corner. I encourage people not to buy slabs as well. I was speaking from a business standpoint not from a 'slabs are awesome' standpoint.


Quote:
The coin in the first post is a nice coin, vagi and company can't possibly use the US grading method on ancient coins, it simply does not work.


I agree that the US numerical grading method does not work.
Edited by Whizb4ng
06/09/2014 5:25 pm
Pillar of the Community
United Kingdom
1569 Posts
 Posted 06/09/2014  5:30 pm  Show Profile   Check MetDet71's eBay Listings Bookmark this reply Add MetDet71 to your friends list
I have a funny way of expressing things. I am gaining knowledge day by day but due to a time limit, as well as starting a little late in life, I lack the resources to learn a tenth of what he knows about ancient coins.
I see what your saying about the profit margin, we both have valid points here. It just pains me to see coins that I love to hold stuck into plastic for profit, after all, it is the collectors that will ultimately foot the bill!
It's quite nice for collectors to have a secure feeling that what they have is the genuine article, but at the same time if a dealer is unsure about an item then they shouldn't sell the item on in the first place, not without a lifetime guarantee.
Just read an interesting post.. apparently, an NGC slabbed ancient coin that is not ancient will generally sell for twice the price of a genuine coin from a point of someone wanting to own an 'NGC mistake coin', how strange is that?
You will never soar like an eagle if you hang around with turkeys.....
Pillar of the Community
Canada
579 Posts
 Posted 06/09/2014  6:23 pm  Show Profile   Bookmark this reply Add Whizb4ng to your friends list

Quote:
I am gaining knowledge day by day but due to a time limit, as well as starting a little late in life, I lack the resources to learn a tenth of what he knows about ancient coins.


I am always back and forth on whether or not I would want to do this professionally. On the one hand it would be awesome but would I tire of it? I like being able to go home after a work day and read about coins.

Can you imagine having those resources though? I bet they have one heck of a library.


Quote:
apparently, an NGC slabbed ancient coin that is not ancient will generally sell for twice the price of a genuine coin from a point of someone wanting to own an 'NGC mistake coin'


This actually doesn't surprise me at all. I know of a couple people who collect the different slabs that third party graders have put out.
Pillar of the Community
Canada
541 Posts
 Posted 06/09/2014  7:09 pm  Show Profile   Bookmark this reply Add Cassidy77 to your friends list
excellent debate here on the subject of slabbed ancients..Due to the large ammount of faked gold staters on ebay and the market I decided that I would get mine certified so I could sell it easier..The buyer can always crack it out and if I cant sell it slabbed then I can do the same and sell it raw...I glad NGC gives a good option for dealing with the problem of counterfeiting and I understand the cynicism in the ancient Coin World about grading these coins moist of which have been cleaned anyways....remember..you can always crack it out. The fact that NGC fakes sell for a premium does say something about their accuracy.
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