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 Replies: 21 / Views: 2,969 |
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Bedrock of the Community
United States
14454 Posts |
WCG isn't a 3rd party grading service, that is why you can't find any graded that high anywhere, because it hasn't been graded. It was just placed in a plastic case and some one placed a over rated label with an inflated grade on it trying to catch an unsuspecting collector that can't grade and doesn't know any better. That coin would grade nowhere near MS-67 at a real 3rd party grading company
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Pillar of the Community
United States
1055 Posts |
This same seller has a WCG graded MS-66 $10 Indian Eagle which might make the AU-50 grade.
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Pillar of the Community
United States
2269 Posts |
Trust your instincts, if it seems too good to be true, it probably is. I am not familiar with WCG as a grading service. The coin itself shows a few nicks on it. If it were a true MS-67, I'm sure the seller would have sent it in to PCGS or NCG for grading, not WCG. It seems like an overgraded coin to me.
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Pillar of the Community
United States
2797 Posts |
World Coin Grading (WCG) is a self-slabbing service as mentioned previously. The grades are fantasy and most are problem coins (cleaned and whizzed). I see these offered all the time on ebay. I wouldn't pay more than melt despite being a key date.  |
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Bedrock of the Community
United States
12437 Posts |
#1 As others have said, WCG is a self slabber and their grades are not to be trusted. #2 A 1928 Peace dollar is a key date and you will frequently encounter 1928S coins with the mint mark removed or altered 1923 coins. The pictures of this coin are lousy and you cannot be sure that it is not an altered coin. #3 Run away as fast as you can  |
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Bedrock of the Community
United States
17884 Posts |
Coin is good but nowhere close to MS-67, and as the others have said WCG is a low end third tier service (It has actually been around for six years so I don't call it a fly-by-night but they are most likely a self slabber.)
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Pillar of the Community
United States
8904 Posts |
Quote:
Run away as fast as you can  It's just not worth it. |
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Rest in Peace
United States
4849 Posts |
When I first got back into coins, I purchased a morgan in a "garage seller" slab like that. The seller had graded it MS-64 and labeled it as a more valuable "micro O"(I can't remember the date off hand). Anyways, when I received the coin, it was not a micro-o first of all and the grade was, at best, a harshly cleaned XF-40. I am still upset about it to this day as to how misleading these slabs can be. As said before, the grade given on that slab means absolutely nothing. If I were to guess at the grade of the OP coin, I would say it's a highly polished AU-50. I wouldn't be surprised if it had an altered mintmark as well. When I see grades on slabs like that, it is obvious to me that the slabber is INTENTIONALLY trying to be deceitful. I'd rather have it raw.
Edited by johnny54321
10/16/2009 1:16 pm
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Pillar of the Community
United States
2797 Posts |
If you want a laugh, just visit the WCG webpage http://www.worldcoingrading.com/They try to pass themselves off a as legit 3rd party grading service and will accept your coins for grading ... the caveat: They refuse the right to reject any coin (read all submissions), charge $50 per coin with 10 coin minimum (PCGS offers $18 economy, no minimum, for the same turn-around time). This page only exists as an attempt at legitimacy.  |
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Valued Member
 United Kingdom
115 Posts |
Thanks for all the advice.
I'll steer clear of this one.
Cheers
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Valued Member
United States
371 Posts |
From the WCG Website: Quote:
WCG is an independent third-party coin grading service. At WCG we grade our coins with the utmost integrity and highest quality. All coins are carefully graded and preserved in our special holders. Each coin comes with it's own serial number and and an official WCG logo. Just by the looks of the website, you can tell this is a terrible grading service. They don't tell you much information about the company and their history. This company is a basement slabber. |
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Valued Member
United States
207 Posts |
Watch this video! In the video I talk about self/garage/basement slabbers.. WCG IS THE ONE I WAS TALKING ABOUT ON ebay. :) These guys in NYC have made a fortune slabbing their own stuff and selling it on ebay. BAD BAD BAD grading company and coin shop. http://www.youtube.com/watch?v=03kuXf0x1QgEdited by markapsolon
10/20/2009 10:33 pm
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Valued Member
United States
270 Posts |
are you sure? is it not a company that starts with an "ab"?
Buy the coin not the slab---I have seen PCGS even get it wrong
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Pillar of the Community
United States
4212 Posts |
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Pillar of the Community
United States
2540 Posts |
according to the books? What book might that be? also, that is a bogus TPG'er. |
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Replies: 21 / Views: 2,969 |
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First Page
Posted 10/16/2009 09:46 am
