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 Replies: 21 / Views: 2,526 |
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Pillar of the Community
United States
6398 Posts |
I agree with fine details but I don't know how NGC factors in the vanishing dates for these coins. I also think this one has been "improperly cleaned". Looking forward to finding out what NGC said.
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Rest in Peace
United States
4849 Posts |
hmmm...TPGs are terribly inconsistent on grading these, so it's anyone's guess. I'm going to say they split the difference and called it VG8.
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Pillar of the Community
United States
4778 Posts |
I would say Fine details also.
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Pillar of the Community
 United States
2936 Posts |
Well it's tomorrow, so here's the call. NGC shipped this one back in a body bag with "unreadable date" as the reason for not grading the coin. Well excusssssssssse me, but the last time I looked, any SLQ with a "3" as the fourth digit could only be a 1923. Otherwise -> I'm the next millionaire! Of the five coins I sent to them for grading 1) came back in a body bag "altered surfaces" - the wonderfully toned 1885 Morgan DMPL I bought from Jaobler; 2) this one back in a bag for "unreadable date"; 3) 1872 LSD graded AU "improper cleaning"; 1935 S Peacie graded UNC "improper cleaning"; and 5) 1928 S Peacie graded AU-58. I wouldn't have sent those "cleaned" coins in if I had any idea or hint of cleaning - same with the AU-58 as to wear. That was quite a bit of cash I sent to them which they kept gladly with no resultant increase in value on my side of the equation. I have lost a LOT of confidence in NGC but they don't need to worry about a little guy's concern. There are much bigger fish to fry with the rubber stamped MS69/70's these days.  OK.. I feel better now... Thanks for listening....  Paleoguy |
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Pillar of the Community
United States
3283 Posts |
You have legitimate reasons to complain. Strengthens my disapproval for slabbing in general although I understand how money can be made using the services. What they need is a service that just gives it a genuine or fake stamp and let us determine grade and value through commerce.  For the record I was thinking F12 all things considered. |
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Pillar of the Community
United States
2936 Posts |
Thanks for the reply Upstate. I agree with you on the F-12. I'm not totally convinced it has been cleaned either as I used a bright white light for the photos. Anyway, it has a proud place in my SLQ set (less 1916). Paleoguy
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Rest in Peace
United States
4849 Posts |
NGC must be blind. I understand them grading it down, but the coin is clearly a 1923. I wonder if they were concerned about an added MM? and wrote it up that way instead? That's the only explanation that would make sense for not putting it in a slab. I'd send it in to ANACS instead.
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Pillar of the Community
United States
8904 Posts |
 I don't get it. Maybe the grader was having a bad day? Weird! |
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Pillar of the Community
United States
2936 Posts |
Moester - According to their propaganda, three graders + QC would all have been having a bad day. I hate to throw away money - unless it's to buy a coin. |
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Pillar of the Community
United States
7840 Posts |
I have never sent in my own coins for TPG, but I am curious to what a "body bag" for coins looks like. Is it a zip-lock type bag with a sticky label on depicting what is wrong with it? I have heard that at least ANACS will slab the "problem" coins. Edited by oih82w8
09/08/2011 2:15 pm
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Pillar of the Community
United States
2936 Posts |
That's pretty much what a body bag looks like. It's a small clear envelope with the coin and a TPG label giving their reason for not slabbing the coin inside. In this particular case, it really wasn't a "problem" coin so I ASSumed it would be slabbed. Silly moi! |
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Pillar of the Community
United States
3294 Posts |
NGC does seem to have a policy against grading coins without a full date.
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Pillar of the Community
United States
1590 Posts |
I feel for you Paleoguy. It makes you wonder what percentage of their profit comes from doing nothing more than sending you back the coin, with a rubberstamped reason; while keeping your money. It also makes you wonder if there is a pre-selection process before the coins even make it to the grading room.
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Pillar of the Community
United States
953 Posts |
thank you for the reminder of how the big graders are paleoguy........i have 4 nice slqs I want to send out but don't want to waste $150 for them to come back ungraded...so now I am starting to re-think
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Pillar of the Community
United States
526 Posts |
Quote:
Well it's tomorrow, so here's the call. NGC shipped this one back in a body bag with "unreadable date" as the reason for not grading the coin. Well excusssssssssse me, but the last time I looked, any SLQ with a "3" as the fourth digit could only be a 1923. Otherwise -> I'm the next millionaire! Of the five coins I sent to them for grading 1) came back in a body bag "altered surfaces" - the wonderfully toned 1885 Morgan DMPL I bought from Jaobler; 2) this one back in a bag for "unreadable date"; 3) 1872 LSD graded AU "improper cleaning"; 1935 S Peacie graded UNC "improper cleaning"; and 5) 1928 S Peacie graded AU-58. I wouldn't have sent those "cleaned" coins in if I had any idea or hint of cleaning - same with the AU-58 as to wear. That was quite a bit of cash I sent to them which they kept gladly with no resultant increase in value on my side of the equation. I have lost a LOT of confidence in NGC but they don't need to worry about a little guy's concern. There are much bigger fish to fry with the rubber stamped MS69/70's these days. OK.. I feel better now... Thanks for listening.... Paleoguy NGC did the same thing to me. They are becoming a real PIA in their grading process, almost to the point of just taking money and calling an item as cleaned or altered..... |
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Posted 09/07/2011 10:40 pm
