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 Replies: 17 / Views: 2,894 |
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Pillar of the Community
 United States
5686 Posts |
If I found that in a bag of wheaties, I doubt I would have even set it aside....
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Bedrock of the Community
United States
18720 Posts |
my question is. who would waste $$ grading this?
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Rest in Peace
United States
10625 Posts |
Edited by dave700x
08/10/2020 2:05 pm
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Valued Member
United States
103 Posts |
 who knows... |
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Pillar of the Community
 United States
6633 Posts |
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my question is. who would waste $$ grading this? Someone that knows no better |
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Rest in Peace
 United States
18456 Posts |
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Why would PCGS be desperate? For the audacity to take submitters money to grade and slab this Lincoln .   |
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Pillar of the Community
United States
1361 Posts |
What ticks me off is that they'll tag a coin questionable color when it is nearly mint red at times, but straight grade a coin like that, probably because it has no real value, but a semi key or key wheat should be regarded differently.
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Pillar of the Community
United States
4846 Posts |
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For the audacity to take submitters money to grade and slab this Lincoln . I dont think it should be PCGS's responsibility to determine what should or should not be graded, I'm pretty sure people send in near worthless coins all the time. For example, if someone were to come on this forum with an obviously damaged coin thinking it were an error, and submitting it to PCGS anyway desbite out advice, I have no problem with PCGS taking their money and sending the coin back designated as damaged. Edited by Adam_E
08/10/2020 7:09 pm
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Pillar of the Community
United States
5686 Posts |
He's a seller of artificially toned coins. My guess is that he buys cheap slabbed coins and then somehow gasses them in the slab so they get some color. That would explain why ugly coins are in a slab, but obviously not why they were sent to PCGS in the first place. Here are a couple more from the same seller. 273775438556 283425044475 |
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Rest in Peace
United States
18456 Posts |
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My guess is that he buys cheap slabbed coins and then somehow gasses them in the slab so they get some color. That would explain why ugly coins are in a slab, but obviously not why they were sent to PCGS in the first place. I have to disagree with your theory . I don't see how anyone can think that coin has good toned color . And I don't believe this seller sent it off to PCGS for grading and slabbing . BTW , who in their right mind would buy a slabbed common date & mint 1946 crappy looking Wheat cent graded MS-61 , when you can buy a full red MS-64 for a few bucks ?  |
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Pillar of the Community
United States
5686 Posts |
I didn't say the color looked good! I suspect these aren't his finest works--probably his rejects that turned out poorly. If you can buy a slabbed mint state coin that someone is dumping for a buck, artificially tone it, and turn around and sell it for $50, that's a pretty good (albeit unethical) business model. He's got over 15,000 feedbacks, so he must be having some success...
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Bedrock of the Community
United States
19975 Posts |
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What ticks me off is that they'll tag a coin questionable color when it is nearly mint red at times, but straight grade a coin like that, probably because it has no real value, but a semi key or key wheat should be regarded differently. Indeed - NGC too. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Valued Member
United States
100 Posts |
The coin is probably not the same one in the holder, hence why theres only 1 photo
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Bedrock of the Community
United States
10048 Posts |
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For the audacity to take submitters money to grade and slab this Lincoln .
I dont think it should be PCGS's responsibility to determine what should or should not be graded, I'm pretty sure people send in near worthless coins all the time. For example, if someone were to come on this forum with an obviously damaged coin thinking it were an error, and submitting it to PCGS anyway desbite out advice, I have no problem with PCGS taking their money and sending the coin back designated as damaged. Agreed - PCGS shoukld not be the ones to determine which coins should be graded. But they should have a common sense of decency and business character so that when an obvious piece of junk is sent to them, they will not slab and will not charge. And there are tons of cheap slabbed coins b/c the way the marketers of these companies work, there are so many people willing to gamble that the opinion the company gives will come back high enough to make a great profit for the owner when sold. Of course a lot of people never really are aware that you can break out a coin, resubmit it to the same company, and are never guaranteed the coin will receive the same grade it had! If more people were aware of this, I think the companies would lose a lot of their business/reputation b/c the masses presently seem to think these companies are THE last word in coins. Otherwise this forum would not always remind people to Buy the coin and not the slab! How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2Edited by Earle42
08/11/2020 10:14 pm
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Pillar of the Community
Canada
5255 Posts |
A bigger question is why was the seller originally asking $120 for something that books for less than a $1? Because of the perceived wonderful toning?
Given the mystique around grading, I am not at all surprised that it was sent in for grading. Here in CCF people are always asking "should I have it graded", or see that "some" wheat cents have sold for $1,000.
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Replies: 17 / Views: 2,894 |
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First Page
Posted 08/10/2020 11:24 am
