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Replies: 35 / Views: 3,986 |
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Pillar of the Community
United States
3755 Posts |
Oh, and yeah, the schizophrenic color usage is a bit distracting. LOL
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Bedrock of the Community
13014 Posts |
Quote: And westernsky specifically said the seller will be doing a refund insurance or not. Again, BULL. They would be if ebay didnt cover it themselves, its not something ebay gives an option on they can just take it from your account if they want. If you send it registered theyd probably cover it would be my guess but doesn't mean they would. Quote: Point being, I think this guy perfectly reduced the slab to exactly what it should be. The market share and the coins in pcgs slabs as well as their prices speaks enough of their reputation to stand on its own but thats actually irrelevant to my point. But for the record that guy cant grade. He had that happen so much at PCGS NGC and ANACS hes no longer using them and resorted to self slabbing AGS and his "own graders". He wasnt even learning from his past mistakes since he made them enough to never want to use them again. If other people are supposed to trust your grading your submission grades shouldnt leave you more surprised than a child on Christmas morning. Quote: Is there a single person selling a single item in the entire universe that does not try to get the most out of it they can? My point really was that that if your opinion of the importance of the label grade changes coin to coin youre no longer applying your own standards and have crossed over into predator territory. Yes the whole coin sellers are honest and trustworthy is really blown out of proportion and most of them do things like that but it doesn't make it right imo. If you really think it doesn't matter dont use them. Or be consistent about it. Grade everything yourself and if you think somethings a 64 in a 65 holder sell it as such. I can respect that and would be more inclined to believe they could have some under graded stuff. But no one ever does that, its always trying to take on points to what the slab says. Theres certainly coins that do get undergraded, I find it highly unlikely half his inventory seems to be them, and the coins in question certainly arent gold CAC candidates that people may be inclined to over pay a little for thinking theyd upgrade. Rather theyre coins that pray on new collectors and uninformed collectors. One side of his mouth is saying the label doesn't matter when hes trying to charge you more, but the other side is saying it absolutely matters when youre trying to buy something else. If it matters when youre trying to buy another slab it certainly matters when youre trying to buy that one. Like I said I dont personally care if someone likes or dislikes TPGs its not going to affect me, but whatever position someone has should be consistent. I do have a problem with people trying to sell a bill of goods like that though thats going to burn whoever buys it as theyll never be able to recover the sold grade price unless they take advantage of someone else in the same matter. Stuff like that is one reason why a lot of LCSs are in trouble. Penny wise but dollar stupid. Great you got a little more from that and when the buyer figures it out your a snake oil salesmen theyll never give you another dime. Whatever position someone takes on slabs just be consistent. It grows old seeing sellers whose position is constantly evolving according to whatever serves them best. Theres a big time seller like that in MD I wont mention who cracks stuff out sends it to different TPGs and after theyve all agreed its not what he wants he lists it like it is and sells the bill of goods about how the label doesn't matter. It obviously mattered enough to try and get it in the first place though.
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Valued Member
United States
203 Posts |
To me it looks high AU, low MS. I don't think it is a details coin, I don't see any serious hits, dings, lines from cleaning, or anything that really brings it down too much. I personally wouldn't buy it because its so much of a gamble. I do need one, but it will come down to how everyone else ends up grading it. It doesn't look PL but looks like it hasn't seen much circulation. There's a few hits on the obverse and I don't see any on the reverse. And the colors! I was about to freak out, they need to tone that down.
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Bedrock of the Community
United States
10045 Posts |
By removing important grading details from the slab, I don't see how they can retain the PCGS brand to sell the coin.  The seller obviously thinks he's clever, let's see if ebay agrees. 
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Moderator
 United States
23522 Posts |
This guy has no problem flying the slab details when he agrees with the numbers. That's a hint. And the coin in the OP is clearly circulated beyond any reasonable doubt from a qualified onlooker.
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Pillar of the Community
United States
2815 Posts |
The whole "photoshopping out" of the PCGS labels on those coins is just plain fishy. I can't even imagine a beginner being fooled by this. Maybe I'm too much of an idealist. To me it's just common sense to pass on those. But, then again......
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Bedrock of the Community
United States
17884 Posts |
I've seen this discussed on two different forums now and on both of them the consensus has been that the seller is doing something terrible and possibly perpetrating a scam by covering up the information on the label. Strange, I seem to recall a LOT of people always saying "Buy the coin not the holder! Buy the coin not the holder!". So here we have a seller who shows a coin in a good holder and says "Look at the coin and come to your own decision and bid accordingly." And everyone gets upset. I guess what they meant was "Buy the coin, not the holder, but buy the coin based on what the holder says." One person went as far as to imply that a buyer would have to be insane to buy a coin based only on a decent picture. (Even though they offer a 14 day return priviledge.) Well that is now a huge number of raw coins are sold, and there are a lot of people who seen to be perfectly willing to assign grades to pictures of coins posted on line. So look at the picture and decide if you want the coin and what you are willing to pay BASED ON YOUR OPINION! (When did we degenerate to the point where we are now TOTALLY dependent of the TPG's opinion? I guess it must be true that no one knows how to grade anymore.) And he is telling the truth that it is not in a details holder. Look at the back label. There is no photoshopping on the label under the hologram. A details slab says "Authentic not gradable" on the back label. Quote: This guy has no problem flying the slab details when he agrees with the numbers. And what would you suggest you do when you have a slab where you don't agree with the grade? You could crack it out and sell it raw. But then you lose the assurance that the coin in genuine. You could show the slab with their opinion and then state what you think the grade is, and every one will ignore you because they have become too dependent on the TPG gods and you will get less than the coin is worth if you are right. Or you might try showing it in the slab with the info blocked out and tell people to look at the coin and come to their own decision as to what it grades. (You will note he doesn't blank it out and tell you what he thinks it is, he lets you make the decision.)
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Pillar of the Community
United States
2815 Posts |
I get the other side of the argument to some degree, but intentionally blocking out the grade and barcode on a PCGS label is just stupid, IMO. The seller needs to get over himself. If he disagrees with the grade, then he can voice this in his description (i.e. grades MS61, but looks MS64), but, for the love of Pete, show the item for what it actually is, grade and all. Let the bidder come to his or her own conclusion based on ALL the information being provided. Give the potential bidders everything regarding this piece. That's just my honest feeling.
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Bedrock of the Community
13014 Posts |
Quote: You could crack it out and sell it raw. But then you lose the assurance that the coin in genuine. Too bad, if their opinion is good enough to authenticate the coin than its certainly good enough to grade it. Conversely if yours is good enough to grade it then it should be good enough to authenticate it. This is picking and choosing what part of the TPG opinion matters based on how it serves your needs best, it doesn't work like that. It either matters or it doesn't. If it matters the whole label matters, if it doesn't nothing about the slab matters. EDIT: I also agree with Darth that if one is going to make a case to a coin being under graded you should absolutely be showing everything up front. Blurring labels is just trying to see how badly you can con someone into over paying for higher grade levels. Under grading does happen, but when its consistently "happening" to the same seller over and over its not the TPGs grading thats the problem.
Edited by basebal21 02/10/2014 3:23 pm
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Pillar of the Community
United States
2815 Posts |
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Pillar of the Community
Canada
2805 Posts |
That's the loudest slab I've ever seen! Does anyone else have a headache?
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Pillar of the Community
United States
3755 Posts |
And I disagree as stated. The long and short of it is this. Far too many people have come to rely on and blindly trust everything PCGS says. They even allow their own quality cntrol to slip. I have received coins from Modern Coin Mart with literal gouges in them graded MS 69 in PCGS slabs. My wife could see the marks from across the room. No way at all any kind of QC was done, and we all know why. Because far too many people put so much faith in PCGS.
Now, given that I know this to be true, then if I do indeed agree with them on a coin, of course I will point out that they got this one right. But as conder said, and as all of you keep ignoring, if I put up a bogus grade from PCGS, not a single one of you would pay a bit of attention to what I said in the comments. And dont say you would, because know darn good and well you wouldnt. You will see PCGS said it is an MS61 and if you were looking for a higher grade, you would not even slow down to look. But I know that they messed up and I have a clear 64. I have two choices. Crack it out, and there goes any assurance of non counterfeit, or do something similar to what this guy did.
Now, given the sheer number of posts about people cracking coins out of slabs and not revealing it, where does that leave me? And yes, I realize that most of the times those are problem coins, but I have seen the post here and there where it was simply a case like this. And everyone nails the person to the cross regardless.
This guy FORCED all of you to actually read the description and then actually assess the coin FOR THE COIN. Biscuits to him IMO.
basebal, email coming your way sir.
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Moderator
 United States
23522 Posts |
Quote: This guy FORCED all of you to actually read the description and then actually assess the coin FOR THE COIN. Biscuits to him IMO.
The only hole in that theory is, it's not possible to realistically assess the coin in an auction image. I'm fairly experienced with coin photography, and I don't feel I get truly accurate images from which I could expect an accurate assessment more than half of the time without multiple sets from different lighting angles. That's the thing so few seem to get about digital coin photography. The seller in question here has presented decent images, but they're insufficient to conclusively determine between AU and MS. It's my opinion that he thinks the coin to be Mint State but PCGS disagreed. The "right" way to do this is to present the PCGS grade as-given, and your reasoned counterpoint in the auction copy. Anything else smacks of deception.
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Valued Member
United States
319 Posts |
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Moderator
 United States
23522 Posts |
Quote: Not sure who will be the loser in this situation.
Guess we know now. 
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Replies: 35 / Views: 3,986 |