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Replies: 8 / Views: 2,342 |
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Rest in Peace
United States
1729 Posts |
Headzup, Chinese collectors! Fresh back from an NGC certification, I have authorized my local coin dealer to manage the sale of a 1931 Kweichow/China 10 fen coin via ebay. Not only is this coin rare to collectors of Chinese coins, it is as far as I know the only coin made of antimony. That's what they had available in Kweichow, and that's what they used. I'm not sure how Terry, my dealer, will list it, but we agreed that a 30-day listing with a reasonably-high Buy-it-now price would be best. When I get more details, I'll post them in this thread so that CCF members will have first crack (I hope) at this rare coin. Questions gladly answered here, too.
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Rest in Peace
 United States
1729 Posts |
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Rest in Peace
 United States
1729 Posts |
Edited by pls 11/28/2012 7:28 pm
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Valued Member
United States
188 Posts |
I don't want to overstemp bounds with this post but I want to make sure you know what you have here. NGC has not certified or authenticated anything about this coin. Please see the link, whoever listed your coin has made some misleading statements in the listing. I don't want to be a downer, just want to let you know what those NGC comments really mean Ryan http://www.ngccoin.com/details/arti...t-grade.aspx
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Rest in Peace
 United States
1729 Posts |
Quote:I don't want to overstemp bounds with this post but I want to make sure you know what you have here. NGC has not certified or authenticated anything about this coin. Please see the link, whoever listed your coin has made some misleading statements in the listing. I don't want to be a downer, just want to let you know what those NGC comments really mean Ryan http://www.ngccoin.com/details/arti...t-grade.aspx Let's make this an informational discussion. First - what part of "guaranteed authentic" disqualifies this coin from being a real 1931 Kweichow/China 10 fen coin? Second - kindly list each "misleading statement" that my dealer has made about this coin in the ebay listing so that I can address them with him. The only statement that I can see is not authentic is that the coin was checked by NGC at the Philadelphia show, as of course it was checked by NGC at their headquarters. I merely handed it over to NGC at the show. Specifics, please. What exactly do I have here?
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Valued Member
United States
188 Posts |
All coins that are not given a numerical grade go on this type of label. It's a stock label with the NGC result/code listed on it. If you follow the link I posted, and go down to the part that says "Not suitable for certification" it will say this
"On occasion, NGC will return a coin as NOT SUITABLE FOR CERTIFICATION. This is used for coins that are severely damaged or otherwise impaired. The surface condition of these coins makes it impossible for NGC to render a conclusive opinion about authenticity, Details Grade or both. When a coin is determined to be NOT SUITABLE, NGC will refund the grading fee, less a $5.00 processing charge."
The questionable part in the listing is the "NGC Authentic" from the body bag tag in the picture, its just not true.
I wasn't sure if I should even post about this or not but figured it was the right thing to do. Your coin may or may not be real, I have no clue. All I am saying is that the NGC body bag tag only says that NGC cannot determine if it is real or not.
Ryan
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Rest in Peace
 United States
1729 Posts |
Quote: "On occasion, NGC will return a coin as NOT SUITABLE FOR CERTIFICATION. This is used for coins that are severely damaged or otherwise impaired. The surface condition of these coins makes it impossible for NGC to render a conclusive opinion about authenticity, Details Grade or both. When a coin is determined to be NOT SUITABLE, NGC will refund the grading fee, less a $5.00 processing charge."
The questionable part in the listing is the "NGC Authentic" from the body bag tag in the picture, its just not true. Considering that NGC did not return my grading fee, I am interpreting the descriptor above, plus the label returned with the coin, as NGC being unable to grade the coin but stating that it is authentic. Am I right or wrong? And are you posting info from personal experience with grading services, particularly NGC, or are you simply interpreting NGC's finding differently than I am? If the coin is NOT authentic, I'll have it pulled from the listing and eat the thing. If it is authentic, there are more than a few collectors out there who would be interested in it.
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Valued Member
United States
188 Posts |
I'm an NGC Autherized Dealer and have been dealing with them for a long time. The label that they sent you is the standard details label. What I mean by that is that everything that doesn't get a numerical grade goes on those labels. What the label is stating, is when given a details grade like "AU Details polished" all they are gaurantee is that the coin is authentic. Not to used the grade on the label for value purposes due to the "details". The issue with your coin is that is didn't get details, certified, or authenticated. The code they gave your coin means that because of its condition they can't tell.
I'm not trying to get in a peeing match in any way. I'm trying to make sure that you don't get flack when the coin is sold.
Thats not to say this coin is not valuable, it is. The fact that NGC could not call it not-genuine is a big thing. All modern fakes of normal sophistication would have been bagged instantly. That, combined with the obvious wear and age of the coin would lead me and most others to lean toward the authentic side.
Like I just wanted to make sure you knew what you had here and what NGC meant on the label. Might save you some hassle down the road. Chinese coins are scrutinized harder than any other.
Edited by USMCLion 08/25/2012 9:14 pm
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Rest in Peace
 United States
1729 Posts |
Quote: I'm an NGC Autherized Dealer and have been dealing with them for a long time. The label that they sent you is the standard details label. What I mean by that is that everything that doesn't get a numerical grade goes on those labels. What the label is stating, is when given a details grade like "AU Details polished" all they are gaurantee is that the coin is authentic. Not to used the grade on the label for value purposes due to the "details". The issue with your coin is that is didn't get details, certified, or authenticated. The code they gave your coin means that because of its condition they can't tell.
I'm not trying to get in a peeing match in any way. I'm trying to make sure that you don't get flack when the coin is sold.
Thats not to say this coin is not valuable, it is. The fact that NGC could not call it not-genuine is a big thing. All modern fakes of normal sophistication would have been bagged instantly. That, combined with the obvious wear and age of the coin would lead me and most others to lean toward the authentic side.
Like I just wanted to make sure you knew what you had here and what NGC meant on the label. Might save you some hassle down the road. Chinese coins are scrutinized harder than any other. As you probably can tell, this is my first NGC-evaluated coin, having just joined ANA last month, spying the NGC booth at the World of Money in Philadelphia, and deciding to cough up the fee and find out once and for all if this potentially-valuable coin is worth something or just formed slag. I, too, do not want to have to eat a coin, especially if a buyer didn't like it and returned it, and of course my dealer would not want an antimony lunch, either. And I appreciate your experience, now that you've stated your affiliation with NGC to show that you're not just tossing unfounded opinion into this forum. Thanks for that. My dealer's return policy will protect all parties concerned, and what you've stated about NGC NOT bagging and rejecting the coin, plus them not returning my fee, gives me much more hope that this coin is 100% genuine than when I first spotted it. I have no expertise in judging this coin, but I hope that it goes to someone who appreciates its value in completing whatever set the collector is trying to assemble - coins of various metal compositions, 20th-century Chinese coins, 10-cash/fen/cent coins, whatever. As far as I'm concerned, the final price that it goes for will only define who wanted it the most, not how much money I can get out of it. Until someone can definitively state that this coin is not genuine, then, I will continue to offer it for sale, via Buy-It-Now, highest offer, or unlimited auction. Whatever it takes for it to find a new home. And may the most deserving collector win!
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Replies: 8 / Views: 2,342 |
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