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 Replies: 22 / Views: 3,021 |
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Bedrock of the Community
United States
20753 Posts |
I break out any coins I purchase in a slab. Regardless of what is written on the slab, I ignor it and just put it in my album.
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Pillar of the Community
United States
8518 Posts |
Can you post a pic of the coin ? You have me curious now.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
7390 Posts |
To error is human and grading is subjective. The first subject thought it was righteous, the second thought it was cleaned.... Send it back in for another "opinion" if the value between details and righteous is large enough
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Pillar of the Community
United States
6370 Posts |
Because the old NGC slab says it hasn't been cleaned, that doesn't mean the coin has not been cleaned. You need to learn how to detect cleaning yourself. I have rejected many slabbed "problem-free" coins because the coin was obviously NOT problem-free.
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Moderator
 Canada
10460 Posts |
Quote:
Because the old NGC slab says it hasn't been cleaned, that doesn't mean the coin has not been cleaned. You need to learn how to detect cleaning yourself. I have rejected many slabbed "problem-free" coins because the coin was obviously NOT problem-free. This pretty much says it all. When you had the coin free from the holder, what was your own opinion of the coin and its surfaces? "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
 United States
156 Posts |
I thought the coin was in excellent shape which is why I bought it. I trusted the NGC grading that it was just as described. A newbie mistake that will never again be repeated. Sadly, I no longer have the coin, having given it to a relative who wanted it for her collection.
It was just that, as newcomer to coin collecting, I was told that buying graded coins was safer. Sure, some might argue whether it was XF 45 or XF 40, but you were confident that was XF and had not been cleaned or otherwise tampered with.
So my message to other newcomers would have to be: do not trust grading services alone. They are no guarantee of grade or quality. Period. You're going to have to learn the hard way, which means lots of mistakes and quite possibly getting ripped off on a regular basis until you know what you're doing.
Sorry if that last line sounds a bit snarky, but it seems to be true.
Edited by Afab67
04/04/2016 2:23 pm
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Pillar of the Community
United States
604 Posts |
At my local coin shop last year, I was in the shop when they just got a bundle of Indian Head cents from the person they bought them from. It was obvious to me that they where kept in a cardboard folder and I specifically asked if they where to which they confirmed and showed it to me. The coins had great luster but the reverse on of them all had been discolored from the time they where kept in the folder. For me it was a disappointment because they looked great until you flipped them over. Fast forward to the time those coins came back from being graded. It wasn't to much of a surprise that they all had been labeled "UNC Details - Improperly Cleaned". In my opinion just because it has that label doesn't necessarily mean the coins were cleaned. It may just mean it was graded that way to "save" the TPG from being accountable for giving it an actual grade when they had no idea how the coins became discolored. With all things given, try to keep an open mind about your purchases. Most importantly if you like a coin and the price is right....get it. |
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Valued Member
United States
156 Posts |
Very true. A hard lesson learned. Normally I'm not so naive, but in this case...
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Pillar of the Community
Australia
7096 Posts |
Buying a coin certified by a reputable TPG is still by far a lot safer option than relying on a dealer/sellers inflated and often ill informed opinion as to the grade and condition of a coin regardless of the odd blunder by a TPG grader. Also there is a possibility that you may have inadvertently damaged the coin whilst it was in your album/folder as these coin storage systems can damage coins, especially the Whitman/dansco push in type. Edited by trout1105
04/04/2016 3:38 pm
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Pillar of the Community
United States
1959 Posts |
Hey, don't feel bad! Every one of us on this forum has made a few bad decisions. Nothing makes a learning curve sharper than making a mistake. It may not be your last either. Part of the coin collecting world.
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Pillar of the Community
Canada
5402 Posts |
I trust ALL of the services today as much as I do Politicians on both sides of the border. They pretty much spin things as they want to. Never Never Never Never and I mean Never buy the holder .Actually look at the coin and do due diligence.
Great discussion with a well respected US dealer colleague of mine............... Most people don't take the time to grade or even try to learn. This was his opinion and he is not far from the truth.
Even people who do this for a living cannot grade all series to perfection. Reason , the standards are always changing in lock step with the coin market. Weak market , tight strict technical grading. Strong wild market , loose as a goose market grading where your AU 55 cleaned early dollar is magically an MS62 blazer.
I worked on a farm one year as a young boy . The horses and cows droppings were easier to stomach than what the socalled graders shovel.
I am one for having the actual date graded being made mandatory on the holders. I strongly recommend the FTC look into it. With the date graded on the holder you could actually look up what the market was like at the time in question.
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Rest in Peace
United States
7075 Posts |
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I am one for having the actual date graded being made mandatory on the holders. I strongly recommend the FTC look into it. With the date graded on the holder you could actually look up what the market was like at the time in question.
I like that idea. I also think the grader should have an ID number on the slab. Heck, I've bought everything from clothes to electronics and the product inspector had an ID number. |
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Valued Member
United States
156 Posts |
trout1105, just to emphasize again, I did not damage the coin removing it from the slab and NGC did not claim it was damaged. My surprise was that they said the coin was cleaned (which I certainly did not do) which was not a determination they made when the originally graded it.
Pacificoin, I think that is an excellent idea also.
Again, my thanks to everyone for their advice. This was quite an eye-opening experience.
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Bedrock of the Community
United States
10982 Posts |
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...I have rejected many slabbed "problem-free" coins because the coin was obviously NOT problem-free. So have I. Dozens of times. The line between a market-acceptable cleaning and an improper cleaning is very muddy. There are thousands of examples of coins slabbed problem-free that have obviously been cleaned and/or dipped leaving their surfaces far from original. If re-submitted many of these coins would be graded "cleaned" today. As much as I hate to say it when the big boys and high rollers of the hobby submit coins for TPG they get more breaks in grading than do guys like us. |
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Pillar of the Community
United States
2815 Posts |
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I am one for having the actual date graded being made mandatory on the holders. I strongly recommend the FTC look into it. With the date graded on the holder you could actually look up what the market was like at the time in question. Excellent idea! |
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Replies: 22 / Views: 3,021 |
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Posted 04/04/2016 11:04 am
