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New Silver Eagle SF Mint Two-Coin Set

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Valued Member
United States
102 Posts
 Posted 09/01/2012  3:22 pm  Show Profile   Bookmark this reply Add LXShutter to your friends list Get a Link to this Reply
Seriously doubt that it's TPG politics. TPGs would like nothing better than to be able to return consistent percentages of grades for all issues. There are definitely quality issues. Last year I Sent in 5 25th Anniversary sets to NGC and 19 out of 25 were graded 70 (the rest all 69). This year I sent in 10 sets and 8 came back as 70 and 12 were 69. The thing is that, while they all looked great to naked eye, this year's 70 were a lot closer to last year's 69, when examined with a 10X loupe.

When I first heard of various problems which anecdotally seemed more wide-spread than last year's reports, I ordered 2 NGC and 2 PCGS sets from SilverTowme for insurance, and cancelled Halloween shipment. Of the 16 70 slabs, I would say that only 3 (1 NGC and 2 PCGS) are truly flawless. The rest have minute defects.

When I received my 10 sets, 1 set had reverse proof capsule open and the coin dropped on the floor. That one still came back as at least 69. Oh and NGC sent me back 40 capsules instead of 20. As the saying goes, you can always use more capsules.
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 09/01/2012  3:33 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
Does everyone here think these are really just low quality compared to other years or is it TPG politics?


Hard to say since we only have the numbers from one grading company to use. If NGC comes is at or near their normal 50% 70's then it is just PCGS trying to prove their exclusivity and self importance. If NGC comes in much lower than normal then I will believe that quality is the issue.
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basebal21's Avatar
13014 Posts
 Posted 09/01/2012  3:40 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
If NGC comes is at or near their normal 50% 70's then it is just PCGS trying to prove their exclusivity and self importance


Or that NGC was looser with their grading. Youll never really know which would be the true case, but with all the issues everyone has been consistently having with these I would lean towards NGC being generous with the grades and maybe being caught off guard PCGS didnt do the same thing to keep their usual percentages. Which would explain the hidden NGC population reports as they hope PCGS gets some strong batches going forward and get their percentages up some so people dont see PCGS 35% NGC 60% or something like that
Edited by basebal21
09/01/2012 3:40 pm
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Earle42's Avatar
United States
10047 Posts
 Posted 09/01/2012  4:01 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
@basebal
I hope when mine get here they are decent b/c I am not sure if, being so late, I would be able to get some nice ones if I returned these.
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 halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 09/01/2012  4:13 pm  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply

Quote:
Youll never really know which would be the true case,


Absolutely....which one is really grading the coins as they really are? You can't assume the one with the lower percentages "just because"

How can PCGS stay "superior" if their percentages are nearly the same as NGC? Easy fix....intentionally keep the percentages low to create a perceived rarity...sucks if you are the dweeb paying to have your perfect coins graded and getting 69's. Great if you buy PCGS coins on a pre-sale....wayyyyyy too easily manipulated. I will buy the PCGS 70's early but I refuse to play their submission game.

That's just me......
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throwbackid's Avatar
1283 Posts
 Posted 09/01/2012  4:21 pm  Show Profile   Bookmark this reply Add throwbackid to your friends list Get a Link to this Reply
What do you guys think about leaving a few sets mint sealed?

I have 3 MS70 sets, 1 Raw set, and 2 still sealed.

From a financial standpoint am I better off keeping the two raw sets sealed? As opposed to sending them in blind to PCGS in hopes of getting another MS70 SET or two.

I
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basebal21's Avatar
13014 Posts
 Posted 09/01/2012  4:24 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I hope when mine get here they are decent b/c I am not sure if, being so late, I would be able to get some nice ones if I returned these.


I honestly dont know what their policy is on returning the last shipment sets as far as if you can replace them or not. Hopefully your first order is quality and it wont be an issue


Quote:

Absolutely....which one is really grading the coins as they really are? You can't assume the one with the lower percentages "just because"


Agreed. My personal bias is probably influencing me here just because I've seen what seems to be a far greater number of either poorly minted or handled coins in this set which leads me to believe in this case PCGS is closer to the as is than NGC on this series. Had they had this percentage with another series that looked great for the most part like the older sets I would be more inclined to believe they were trying to keep it lower.

But I agree Ill buy them but I dont submit readily available coins anymore. I will every now and then take a shot at some of the series where a PCGS 70 doesn't currently exist like the Army Half dollar knowing the chance is very slim ill get the 70 but the idea of having the only one is just to tempting not to try every now and then if I find a great looking one


Quote:

From a financial standpoint am I better off keeping the two raw sets sealed? As opposed to sending them in blind to PCGS in hopes of getting another MS70 SET or two.


For resale Id keep it sealed. More than likely you wouldnt even up with 70s and if you did maybe not even a full set. Some people pay a premium for sealed, but also if its sealed no one can ever accuse you of cherry picking sets and selling the crappy ones if its not one of the greatest sets. I wouldnt sell a terrible set if I opened it and saw it and I could return it, but if its sealed theres no way you could have tampered with it or known.
Edited by basebal21
09/01/2012 4:28 pm
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Eng5858's Avatar
United States
1316 Posts
 Posted 09/01/2012  5:15 pm  Show Profile   Bookmark this reply Add Eng5858 to your friends list Get a Link to this Reply


Did he call me a dweeb..... I've had a lot of coins graded by PCGS some times I do well, not his time..I'll probably not send in any special sets from now on, but I'll still send coins in..dweeb or not..
Valued Member
wif99's Avatar
United States
377 Posts
 Posted 09/01/2012  5:27 pm  Show Profile   Bookmark this reply Add wif99 to your friends list Get a Link to this Reply
Eng

Why do you get the credit for being the dweeb? I also sent 2011 And 2012 sets to PCGS. So how do you know it is not me that is the Dweeb
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Eng5858's Avatar
United States
1316 Posts
 Posted 09/01/2012  5:47 pm  Show Profile   Bookmark this reply Add Eng5858 to your friends list Get a Link to this Reply


Ok then, wif99 you can be dweeb 1 and I'll be dweeb 2, you can be first....sorry I forgot my place......
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clairhardesty's Avatar
United States
1027 Posts
 Posted 09/02/2012  1:53 pm  Show Profile   Bookmark this reply Add clairhardesty to your friends list Get a Link to this Reply
throwback, if you keep them sealed, they can still go to PCGS and get FS labels. That might be a selling point in the future. It sounds like you have plenty of coins to look at and unless you have a burning desire to see what the last few look like, stash them away and let them age. I have opened one set and both coins look perfect to me. I have two more sets in a still sealed box and since my other four sets are in the very last shipping group (ordered july 3rd & 5th), and because of all of the quality issues being reported, I am very tempted to open the ones I have in hand (but it is too late to return them). The only thing holding me back at this point is the fact that they are still PCGS FS eligible as long as they stay sealed.
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Morgans Dad's Avatar
United States
5632 Posts
 Posted 09/02/2012  2:20 pm  Show Profile   Bookmark this reply Add Morgans Dad to your friends list Get a Link to this Reply
This would be a no brainer IF I did not see the ASE'S my self and see the comments about very poor quality on this "S F SET"!!!!

Politics/Games to me is when things are NOT all visible, This set, ALL are clear to see. Plenty of defects, Quality is just as usual for the you S Mint, I deep down thought it might of been better, NOT!! :(
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basebal21's Avatar
13014 Posts
 Posted 09/02/2012  3:37 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I am very tempted to open the ones I have in hand (but it is too late to return them)


That actually brings up a very good point. If you are going to open them, do it during the return window just in c ASE
Valued Member
United States
102 Posts
 Posted 09/02/2012  4:04 pm  Show Profile   Bookmark this reply Add LXShutter to your friends list Get a Link to this Reply

Quote:
if you keep them sealed, they can still go to PCGS and get FS labels


Let's put aside utter meaninglessness of the FS designation. You still have to consider how much value it really adds to the value of the coin. Looking at PCGS price guide, the premium is all over the map. 2006 Rev Proof ASE in PR70 has a premium of $15. For 2011 version it's $105. For some of the bullion ATBs there is actually a discount for FS designation, but that's probably a statistical aberration caused by falling prices. You also have to consider that if you send in unexamined coins, they may come back in a grade that isn't worth the fees. This is especially true with coins that have lover than usual percentage of top graded coins.
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basebal21's Avatar
13014 Posts
 Posted 09/02/2012  4:31 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
LX thats all true, but that possibility does carry a premium for selling as some buyers like that option. Whether or not its worth it for someone to actually spend the extra 15 bucks for it or even have the set graded at all is a whole different story.
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