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 Replies: 120 / Views: 12,654 |
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Bedrock of the Community
United States
10045 Posts |
Something funny is going on...but what exactly I'm unsure. 
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Pillar of the Community
United States
655 Posts |
Something is very wrong. I can't imagine that ebay and NGC are aware of this, if they were they would move to shut it down. This can only serve to seriously harm their reputations. The cert number checks out and it appears to be the same coin as the one up for bid. The only thing that makes sense is that either this seller works for NGC and has access to their equipment and materials or they are working with someone on the inside. What other coins do you suppose they are falsifying? Are there any NGC folks here at CCF? |
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Bedrock of the Community
United States
10045 Posts |
Quote:
The only thing that makes sense is that either this seller works for NGC and has access to their equipment and materials or they are working with someone on the inside. What other coins do you suppose they are falsifying?
Whatever the reason, the implications are rather scary. If we can't trust NGC's slabs, even when verified, that pretty much throws out whatever sense of security I got from buying a slabbed coin.  Edited by DVCollector
11/27/2013 3:06 pm
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Moderator
 United States
23522 Posts |
I find it far easier to believe that NGC is simply blowing the attributions. The seller may or may not know the difference, and either way he has the plausible deniability of trusting a major TPG's attribution over his own. And NGC explicitly does not guarantee its' attributions. Pretty easy to understand why. |
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Pillar of the Community
743 Posts |
They falsify every type of error. I have heard of some really high dollar VAMs being called out wrong on the label and they were obviously not the correct VAM. I have also heard that some of the people that end up with the really high end coins get reimbursed by PCGS. If you read enough of the old posts on VAMworld it will all become very clear that PCGS, NGC, & even ANACS plastic can not be trusted. |
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Pillar of the Community
743 Posts |
Who is the head person in charge at NGC? And PCGS for that matter. I would like to contact this person at PCGS personally about the troubles they caused me. I should sue them for causing me to lose a huge sale that escalated to even more money problems for me. I could have sold my coin for $5,000 if it would have came back to me in the correct holder on the date I first received it but I lost the sale because of their negligence. It has caused my entire last year to slowly go down the drain trying to catch up with bills that originated when I had to spend nearly a grand to drive to Chicago and get the coin in the correct holder..
Edited by 7TF
11/27/2013 5:30 pm
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Pillar of the Community
743 Posts |
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Pillar of the Community
743 Posts |
Any of you that tweet and do Facebook, I would encourage you to pull these guys out in to the light about what is going on with the obvious misattributions. I am sorry for my rants about my troubles with the one coin I decided to get graded myself. I am just sharing to let you guys know it happens all across the board. Every type of coin has varieties and they should be able to tell what is what or just not attribute them. Mechanical errors should not be allowed to be shipped to the customer they should be checked in house before leaving the premises. They record every step of the process of opening the package so why not have camera throughout the entire place. I know I can't even go to work at a fast food restaurant today without having cameras watching my every move. It should be the same thing for our investments. They should be required by law to record every move they make with our coins.
Edited by 7TF
11/27/2013 5:41 pm
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Bedrock of the Community
United States
10045 Posts |
Quote:
And NGC explicitly does not guarantee its' attributions. Pretty easy to understand why. This is only one collector's opinion, but if they cannot guarantee their attributions-- they shouldn't do it--period. They brand themselves as professional numismatists, after all!  Edited by DVCollector
11/27/2013 5:59 pm
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Moderator
United States
15522 Posts |
I'm not subscribing to any conspiracy theory here ... simply believe that NGC is making some serious mistakes in attributing this coin.  That's unfortunate for the ebay seller and his/her subsequent customers ... hence I repeat the age old mantras ... "Buy the book and then the coin" ... and "Buy the coin and not the holder" David Take a look at my other hobby ... http://www.jk-dk.art |
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Pillar of the Community
743 Posts |
Here is a for instance of a much worse scenario http://www.vamworld.com/share/view/44775314 The coin in question was priced and valued over $1,000 and when correctly attributed not even worth $100. There are many many more of these cases of misattributed coins. It just makes you wonder if the person that gets stuck with the coin takes a huge loss? Or will NGC back up a mechanical error if it is a high end coin? |
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Pillar of the Community
United States
655 Posts |
Quote:
I'm not subscribing to any conspiracy theory here ... I hope you're right but there is nothing more deceptive than an obvious fact. |
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Valued Member
United States
126 Posts |
Me
To Lisa Berzins
Nov 22 at 10:17 AM
Please be clear of what your intention is to correct this. I have 20 rolls of lg date 1970s and do not need another. I bought this coin in good faith that it was what was stated .
Berzins
To Me
Nov 22 at 10:18 AM
Dear Mr. Woods,
NGC would change the label to match the coin.
Thank you,
This is the answer I got
Edited by larrytw
11/27/2013 8:41 pm
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Valued Member
United States
126 Posts |
sorry I didnt know it would take much space
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Moderator
United States
14463 Posts |
you can edit out the blank lines
or I can
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Replies: 120 / Views: 12,654 |
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Posted 11/27/2013 07:23 am
