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 Replies: 23 / Views: 4,649 |
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Bedrock of the Community
United States
14454 Posts |
Quote:
The attributions are a different matter. They are not typos they are sloppy work and I've warned for YEARS that you can NOT trust the attributions assigned to coins by the major services are you saying calling a 8TF a 7TF is an attribution error? we aren't talking about saying its one VAM when its another (since they are always changing) but the 8TF and 7TF are totally different designs. I agree its sloppy work and I think that is what was meant by this thread but if they keep calling a 8TF a 7TF its going to make their service a joke in my opinion because anyone that finished the 1st grade knows how to count to 8 and knows the difference between 7 and 8, just as they know what a S looks like instead of an O. I think I am going to do a experiment and send off some 8TF Morgans and list them as 7Tf on the submission forms and see if they call them a 7TF, also going to send a 1878-S and call it a 8TF. If they do they are just lazy and need to be fired in my opinion |
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Pillar of the Community
  United States
1551 Posts |
My over all point on this thread was to point out that we have hit a point in grading where the grading companies NGC is at the top of my list that is less reliable. Anyone that collects coins at one time has relied on a TPG company. All have had there swing in grading. Right now ANACS is harder on grades then anyone. Too the point that I try to cherry pick Yellow holders. Many dealers will down grade there own grade and sell them for less, it's a great buying opportunity. On the other hand I looked at an NGC MS-68 I just wanted to have a 68 in my collection. That coin looked like a solid 65 and maybe a 66. Anyway back to the main point everyone should look closely at the coin and BUY the Coin ...Not the Plastic that holds it!  |
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Rest in Peace
United States
9104 Posts |
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Never argue with an idiot..They will bring you down to there level, and beat you with Experiece
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Edited by twohawks - Today 6 Hrs 19 Min ago
While you're editing, wanna fix the three errors in your sig?  |
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Valued Member
United States
307 Posts |
Not looking to create a problem but I feel that their credibility is tarnished by these type of mistakes. It doesn't matter who made the error NGC and grading will suffer in the minds of those effected by their mistake. Nuff Said.
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Rest in Peace
United States
9104 Posts |
I read an article by a guy who served as a TP grader. IIRC, graders get a buck a coin, and spend an average of less than a minute each examining them for grade and authenticity. Most graders last a month or so before being rotated out to keep from going blind.
Some few coins may take more effort and examination, but let's face it, for the vast majority of stuff being slobbed, authenticity has never been in question, or the fakes are so obvious that any reasonably experienced collector should be able to spot them.
Years ago, grading services had a fund to buy back overgrades and other mistakes, to keep their reputation up. Anyone know the status today?
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Valued Member
United States
307 Posts |
Good question to be researched. I read or was informed on a thread that NGC would guarantee their grade. If the grade was questioned and a lower grade was assigned they would give you the difference of their determined value between the grades. Please give me a refresher if needed.  |
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Bedrock of the Community
United States
17884 Posts |
Grades yes, attributions no. And for the grades, if the downgrade is extreme they have an out there as well. The guarantee lets them off the hook if the error was obvious because they can declare that it was a mechanical or clerical error, and the decision of what is a mechanical or clerical error is at the sole discretion of NGC.
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Bedrock of the Community
United States
20753 Posts |
Kind of forgetting here that some or many of the messed slabs could be those China fakes. With China now making PCGS, NGC and who knows what other fake slabs with faked coins in them, just how many of the ones seen at a show are real today. And how many have been tampered wtih. I still remember at a show a dealer showed me a slab that he had opened, changed the coin, resealed the thing and no one could tell. Just one more thing to worry about.
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Valued Member
United States
307 Posts |
Carl, Are the China fakes easily recognized? I don't know if I have ever seen one. I thought that if a slab was opened it could not be re-closed properly and you would notice it. Got me looking at all my graded coins and will not assume any more. Thanks
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Rest in Peace
United States
9104 Posts |
Just another reason why you should collect coins and not plastic. Aside from the pariah TPG, it's a lot easier to counterfeit a piece of plastic than a coin, and if you're caught, potential penalties are essentially non-existant. |
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Pillar of the Community
United States
3592 Posts |
 with biggfredd |
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Pillar of the Community
United States
1547 Posts |
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Grades yes, attributions no. I don't recall how it works at NGC but I believe at PCGS you have to pay extra for variety attributions, unless it's plum obvious. When you're needing to intellectually-challenge them, in other words, they make you pay for it.  |
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Bedrock of the Community
United States
14454 Posts |
NGC is the same way, NGC uses Variety Plus but still its like $10.00 to get it put on the label (its cheaper at NGC than PCGS)
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Valued Member
United States
313 Posts |
I have a 1880-o Morgan PCGS they have it as a 1880-s I alawys figured it was just a typo.
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New Member
United States
3 Posts |
I hate buying coins on ebay... but at least you can get ebay bucks for your purchase. I'm shocked to hear the frequency of NGC errors. |
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Replies: 23 / Views: 4,649 |
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Posted 02/24/2011 9:53 pm
