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Replies: 73 / Views: 10,588 |
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Pillar of the Community
Australia
4411 Posts |
Whilst I agree that if an ANDA dealer tried to establish suh a company it may not be that trustworthy I find it hard to see people supporting a company whose 'chief grader' is someone reasonably unknown. If an ANDA dealer ceased trading all together and then started a company it might work. They would have to not sell any coins, especially those they slabbed as it would mean the compaby was not a third party grader.
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Valued Member
Australia
112 Posts |
I tend to agree with enworb here. A TPG must have independence from any commercial interest in the sale or trade of coins, (etc), for any degree of confidence that assessment is not commercially biased. It would also be difficult not to be associated heavily with ANDA, given that their members provide most of the data used in the valuation documentation most commonly used in Australia, therefor any grading should be relative to ANDA's (and effectively their valuation) description of grade. If these two criteria weren't met it would be difficult to instill faith, which would probably be fatal for such an enterprise. Then there are all the financial considerations ..... Yep - I would like to see a TPG here, by the above criteria, however I doubt it would be a commercially viable venture. In saying all of that, should you decide to go ahead Mamba, may I wish you the best of luck. 
Edited by Tim Bowden 02/25/2013 10:20 am
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Pillar of the Community
Australia
7096 Posts |
There are Some dealers out there that sell coins and grade them that are absolutely "Spot on", However there are heaps of dealers that quite simply "wouldn't have a clue" that grade and sell coins. If we can't get an Australian only TPG started can we at least get a database of the dealers that DO know their stuff and sell coins graded constantly and accurately started ? IMHO getting a coin slabbed is ALL about value adding and has little to do with collecting. PCGS and NGC have a strangle hold on this market in Aus at the moment and I personally would love to see an honest and accurate TPG started in Aus  I really don't give a hoot if they sell coins as well as long as they are consistent and accurate in their grades it really makes NO difference. If the graders name is on the slab instead of an anonymous company that you haven't a clue who did the grading would be a great start as well 
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Pillar of the Community
Australia
674 Posts |
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New Member
Australia
25 Posts |
hi fellas I am returning to coin collecting after 20 years. but now I live in australia. sohave lots to learn. I am surprised that australia doesn't have a more established coin TPG. believe it or not I made $30 on some coins I found in hard rubbish. sn adelaide dealer bought them. I have noticed a huge variation on the price scale for the same coins. who has the most reliable price guide. or is ebay a good way to see prices and then average them. 
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Pillar of the Community
Australia
674 Posts |
First and foremost  to the forum and australia.!! Hope you enjoy your stay here and find it to your liking.!!There has been many discussions this year about the lack of a local TPG with most agreeing that it would not be financially viable.!! As you would be aware Australia converted to "Decimal Currency" in 1966 which gives us two categories "Decimal and Pre Decimal" Whilst a high percentage of Pre Decimal fans are of the same ilk there are some wonderful young members who are providing enthusiasm in this field. Prices do vary greatly, but this is not my area of concern as I do not purchase on ebay.! There are some wonderful and knowledgeable people on this forum so keep in touch and more importantly go back through older threads on the Australian site for many of your questions answered . P.S.- I live in Adelaide. 
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New Member
Australia
25 Posts |
thanks robster. I have many questions and little time (4young kids) so will look through the forums for more info. I am thinking about building a key date low mintage early americana collection. but might consider other options. I am just ignorant about aussie coins but have a pretty good brain for statistical coin mumbo jumbo. that would bore my wife stupid. just for fun whats your dream coin(s) mine are thr 1909 s vdb Wheat penny. and the 1916 d Mercury dime. I've wasted tons of $ on women and beer I could have bought dozens of them. haha
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Pillar of the Community
Australia
674 Posts |
My wife insists that she has wasted tons on her husband.! Cant please them all the time.!! 
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New Member
Australia
25 Posts |
if I talk about coins her eyes glaze over. she just doesn't get it.
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Valued Member
Australia
163 Posts |
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Pillar of the Community
Australia
4411 Posts |
Lol still well overgraded crap!
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Pillar of the Community
Australia
852 Posts |
I couldn't see myself buying a local TPG slabbed coin. It wouldn't have the reputation that the big 3 have earned and might take a decade to get there. Meanwhile any coins that I had slabbed would sell at a discount, especially to overseas buyers, and if after a decade the TPG has a poor reputation or has gone bust then the slabs would be worth little more than an unslabbed coin. But there are a number of my coins that I want slabbed, but I don't want to risk the return post to the US (light fingers, lost mail etc). So could one of the more respected (long term ANDA)dealers be the local provider (agent?)of the service on behalf of one of the big 3 and do the grading and slabbing here according to the head office guide book so they couldn't favour their own coins?
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Pillar of the Community
Australia
7096 Posts |
I promised myself that I wouldn't enter into this discussion again But here goes. First of all at the moment we don't have anyone with the all the key ingredients Gumption,knowlage or the financial wherewithal to do this in Aus at the moment  We DO however have some outstanding people that sell coins and the only way to tell is by the handwriting on the 2x2's, That is good enough for me . Them there is the fact that the major TPG's that are based in the US are quite frankly bloody useless at grading Australian coins, IMHO they are clueless when it comes to Aussie coins. They don't even consider that the coins in a wedding set are in fact specimen coins when in fact they are produced to make that specification Getting a high grade coin slobbed IS a great way of value adding when it comes time to sell, But getting them graded by people that are only really used to grading US coins and spending X amount of dollars in postage and grading fees just to get back a coin in a flash plastic case with a grade you "Just know" is wrong is stupid. The dealers in Aus are "Embracing" this slobbed concept because they can turn an ordinary coin into something extraordinary simply by getting them graded by some unknown, untraceable and sometimes inept grader and getting the coin entombed in plastic. Give me a break, the coin is what it is and the plastic doesn't change a bloody thing as far as I am concerned. The way things are going we may have EFT's on coins next. I hope I die before THAT happens 
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Valued Member
Australia
369 Posts |
 with Trout. 100% support here.
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Pillar of the Community
Australia
674 Posts |
Cleaned coin in a slab.!!+ APCGS - all adds up to a very overpriced coin imo. 
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Replies: 73 / Views: 10,588 |
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