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Replies: 42 / Views: 5,121 |
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Pillar of the Community
United States
1812 Posts |
This was just one of a few problems I experienced with NGC when they refused to place the variety on the slab, even though I noted the variety and paid the extra fee... In the NGC holder it would have been a $36.00 coin and in Cherry Pickers it lists at $500.00 (in fact this coin is graded higher then the plate coin)..  
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Rest in Peace
 United States
5375 Posts |
1820 large cent, initially NGC MS-64, cracked for my type set some time ago, sent twice to be regraded. TWICE came back Unc details scratched. The coin does have a hit limiting it from an MS-66 grade or something like that, but not a 'scratch'. Thankfully I got a fair XF-40 on an 1822 quarter and an XF details on an 1821 quarter which should pay for this. Not using them again.
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Pillar of the Community
United States
3540 Posts |
CGB - OUCH!
I have a 1882 CC GSA Morgan (in the GSA holder) that is a LOCK 64+ or 65....came back as a 63.
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Rest in Peace
 United States
5375 Posts |
Yeah....I totally feel you. Sheesh. I'm just so relieved on the 1822. That should EASILY bring in $1600 if not well more given that XF 1822's are almost unheard of and the market for the bust 25c has rocketed up quite a bit in the last years. It's also much better struck up than the ones I looked up.
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Pillar of the Community
United States
3184 Posts |
apply and be a grader at PCGS or NGC since you feel you can grade really well, or take a class at the ANA and you might find that you have a lot to learn. Heck better yet, PCGS has a grading contest from time to time were you could win a graded $20 Saint, try and see if you can win it. Like I said before there are some older members that are dead on with their grading and many flunked.....
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Bedrock of the Community
United States
14454 Posts |
I have seen allot of more mistakes from NGC lately than I have from either of the other Big 3 companies, not just what I consider grading errors but all different other errors as well. I know I have mentioned it before but I have a friend that is a new collector and he brings everything he buys over here for me to look at. I told him to stay within the trusted TPG's until he felt comfortable grading and authenticating some of the series of coins he is interested in, but he has brought some over here that he has purchased in NGC slabs and I have posted them on here because I just think they seriously over graded the coins and most people agree they are over graded. It is making it hard for me to recommend NGC to a new collector when you see so many errors like this in their holders because we all know a couple points can mean allot of money with some coins
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Pillar of the Community
1028 Posts |
Quote:apply and be a grader at PCGS or NGC since you feel you can grade really well, or take a class at the ANA and you might find that you have a lot to learn. Heck better yet, PCGS has a grading contest from time to time were you could win a graded $20 Saint, try and see if you can win it. Like I said before there are some older members that are dead on with their grading and many flunked..... I believe wholeheartedly that anyone hired at PCGS or NGC knows how to grade coins well. My point has been that the magnitude of stuff coming in has caused the graders to be careless, uninspired, and thrifty with their work. I actually read an article that included various quotes from a grader at NGC. One quote from the grader regarding the amount of coins he grades actually incriminated the grader/system. I don't have a link and I don't recall the exact numbers anymore as I read this article months ago. I do remember that I did the math myself, making assumptions for how many breaks/lunch time he takes and how long it takes him to remove and replace coins, as well as how long it takes him to process and enter information into the computer. I recall that I determined that this grader would spend far less than 1 minute actually looking at each coin. Considering they have to authenticate, look for cleaning and alterations, sometimes check for errors or varieties, along with grading the coin, that is absurdly low. That's how you get Buffalo nickels graded NGC F-15 with zero horn. Not because the guy didn't know it was a G-4, but because he took one look at it quickly, was careless, and moved on.
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Bedrock of the Community
13014 Posts |
I would agree that their work load has hindered their work some which is probably exactly what were seeing at NGC right now. Its a fine line to get everything turned around quickly but not to quickly. They dont need to spend hours or even 10 minutes on a coin but longer than a couple seconds would be preferred.
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Rest in Peace
 United States
5375 Posts |
Quote:I believe wholeheartedly that anyone hired at PCGS or NGC knows how to grade coins well. My point has been that the magnitude of stuff coming in has caused the graders to be careless, uninspired, and thrifty with their work. I actually read an article that included various quotes from a grader at NGC. One quote from the grader regarding the amount of coins he grades actually incriminated the grader/system. I don't have a link and I don't recall the exact numbers anymore as I read this article months ago. I do remember that I did the math myself, making assumptions for how many breaks/lunch time he takes and how long it takes him to remove and replace coins, as well as how long it takes him to process and enter information into the computer. I recall that I determined that this grader would spend far less than 1 minute actually looking at each coin. Considering they have to authenticate, look for cleaning and alterations, sometimes check for errors or varieties, along with grading the coin, that is absurdly low. That's how you get Buffalo nickels graded NGC F-15 with zero horn. Not because the guy didn't know it was a G-4, but because he took one look at it quickly, was careless, and moved on. I guess to be fair, on some dates, some buffaloes do have weak strikes that kind of change the grading formula at least somewhat. But that's certainly not what they're limiting themselves to. Also that aside, another interesting idea I had is that they get so used to looking at MS-68, 69 and 70 coins that it totally throws off their whole style and 'art' of grading. If 90% of what you look at are essentially flawless coins, then you're going to start to naturally forget how to grade the rest especially counting for the factors you described.
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Bedrock of the Community
United States
14454 Posts |
I believe NGC dropped the ball on this one as well http://www.ebay.com/itm/ws/eBayISAP...torid=229466 . If I had sent this coin in it would have came back to me as XF Details scratched. I have seen coins with a smaller scratch get this designation from them. As I stated before everyone makes mistakes and I have seen some from all of the top companies that I didn't agree with, but I have seen quite a bit more from NGC than the other two the past year or two. I am not talking about just grading errors either, I am talking about 8TF being called 7TF and varieties being wrong and even dates and types being wrong. Others have these "clerical errors" as well but not nearly as often as NGC coins that I have seen on the market. If a seller gets 7TF money for their 8TF coin they had the potential to lose quite a bit of money in higher grade coins like the ones I am talking about
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Pillar of the Community
United States
3184 Posts |
Bryan1315, if I'm correct sometimes it depends on the severity? I've seen rarer coins with big scratches that got a grade and I'm like huh!? This is from NGC and PCGS.
Also regarding the horn, sometimes it can be a weak strike or worn dies. I've seen low MS buffalos with a very weak strike that didn't look at great.
Edited by mkman123 11/06/2012 03:43 am
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Rest in Peace
 United States
5375 Posts |
http://www.typecoins.com/store/product?pid=74734awful grading right here. That and the 1883 Liberty nickel in "Pf 66" with hairlines. He's a good dealer, I'm just citing some examples of horrible overgrading here too. I mean, a large cent with completely flawless surfaces aside from one minor-moderate hit out of the focal area that would never be considered more than a normal hit....scratched? I accept the original MS-64 grade before the crackout because its noticeable enough to ban it from gem, but if they won't bag this...
Edited by coinguybrian 11/09/2012 11:58 am
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Pillar of the Community
United States
3184 Posts |
lots of prooflike coins have hairlines on them, those hairlines don't mean its cleaned. Send the coins to pcgs and give us the results and lets see if you start complaining about them if pcgs doesn't agree with your grading.
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Pillar of the Community
1028 Posts |
Quote: Also regarding the horn, sometimes it can be a weak strike or worn dies. I've seen low MS buffalos with a very weak strike that didn't look at great. Yes, absolutely, but this wasn't the case. I'm kicking myself for not saving a link to the coin I'm referring to. The weakness in strike also doesn't play nearly the same roll in more worn coins. The coin I'm referring to didn't just have zero horn (which btw I've never seen a buffalo struck with any worse than 1/2 horn). The coin had a reverse motto almost completely merged with the rim. LIBERTY was completely merged and partially obliterated (on a coin not dated 1913-1915 so no excuse) and the date had two digits in it. The coin was a G-6 to the optimist. It should have been graded G-4. Graded F-15 by NGC. I find the 15 part especially hilarious. So the coin has been designated as having "choice" fine details, although it missed every single one of the ANA's components for being a fine...by far.
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Rest in Peace
 United States
5375 Posts |
Quote:
lots of prooflike coins have hairlines on them, those hairlines don't mean its cleaned. Send the coins to pcgs and give us the results and lets see if you start complaining about them if pcgs doesn't agree with your grading.
I know that. I've had the same issue on some of my coins, but apparently they beg to differ or will drop the grade 4 points or something/bag it. But hairlines shouldn't be that prominent on a proof 66.
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Replies: 42 / Views: 5,121 |
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