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 Replies: 24 / Views: 3,876 |
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Valued Member
United States
169 Posts |
a little leniency for minor marks/scratches on early coinage is acceptable to me but this is a blatant example of inconsistent service and a blow to those get their coins back labeled scratched for lesser scratches
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Bedrock of the Community
Australia
21788 Posts |
I am with those who lead to the idea that the slab needs further investigation.
Perhaps a breakout and re grading would be a good idea.
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Pillar of the Community
United States
932 Posts |
Quote:
Perhaps a breakout and re grading would be a good idea.  |
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Bedrock of the Community
United States
17884 Posts |
I've never seen or heard of a fake PCGS OGH except for the fake first generation rattler slabs.
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Pillar of the Community
 Germany
1852 Posts |
At issue here, in my opinion, is the practice of 'silent net grading'.
This appears to be a practice which can, if not careful, be taken ad-absurdum and result in situations like this.
Where do you draw the line? this is a case of it being taken too far.
Edited by GERMANICVS
08/02/2016 07:18 am
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Pillar of the Community
United States
968 Posts |
I went to the original listing and scanned the bar code. Seems legit unless someone went to the trouble of faking a label that matches what is in their database. It is a pretty old holder though.  |
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Bedrock of the Community
United States
17884 Posts |
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It is a pretty old holder though. 1995 - 99. First fake modern PCGS holders didn't show up until 2008 and I don't believe I have seen any fake PCGS slabs with labels from before the one in use at that time. The slab in question is at least five generations earlier. But the TPG's have always been lenient on the early US coins. There are a LOT of examples in problem free holders of coins that would have been bodybagged or later detail holdered if they had been later date coins. (obviously cleaned or damaged coins in problem free slabs) At the time that Half Dime was slabbed they weren't doing detail slabs so it was slab a legitimately rare but damaged early coin, or bodybag it. They slabbed and apparently net graded it. Something which when they started out they claimed they would never do. |
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Pillar of the Community
United States
3229 Posts |
Funny how problem coins and overgraded coins tend to stay in problem-free and overgraded holders. This is an example of a coin that a TPG should want to buy and reholder. Coins like this in holders like that undermine the TPG's value. That coin in that holder is a black eye for PCGS.  |
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Pillar of the Community
United States
1499 Posts |
Over the years I have PCGS net grade a fair number of early U.S. Coin that had problems. NGC has done it too. One NGC piece even got a CAC sticker when it was net graded. CAC bought that one in after it generated a lot of controversy on the NGC chat board.
I don't know why the grading services do stuff they said they wouldn't do at the beginning of their existence, but they do.
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Pillar of the Community
 United States
4594 Posts |
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I don't know why the grading services do stuff they said they wouldn't do at the beginning of their existence, but they do. Really? No clue? They are a business and they want to stay in business and grow, so they do what the customers (us) demand. Now it's not ONE customer, but it's the thundering herd. If we say they are too hard, they get looser. If we say they are too loose, they crack down a bit. The pendulum swings back and forth over time. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
United States
17884 Posts |
Quote:This is an example of a coin that a TPG should want to buy and reholder. They can only buy it back if someone offers it to them. |
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Pillar of the Community
United States
3229 Posts |
[quote]They can only buy it back if someone offers it to them./quote]
True.
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Pillar of the Community
United States
3546 Posts |
Quote:
...why the grading services do stuff they said they wouldn't do at the beginning of their existence,... How can one look at any slab and know if that particular slab fell withing a period when a designated TPG (the top three TPGs) was more prone to indulging in this type of behavior? |
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Pillar of the Community
United States
4594 Posts |
Between the physical style of the slab, (sometimes) the serial/cert# and the style of the label you can date most of them within a couple of years.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
7375 Posts |
Maybe scratches deemed over 200 years old don't carry as much weight  and I like your silent net grade theory. Edited by edweather
08/09/2016 10:37 am
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Replies: 24 / Views: 3,876 |
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Posted 08/01/2016 7:47 pm
