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 Replies: 21 / Views: 3,186 |
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New Member
Canada
26 Posts |
Hey Jack - jgenn
I have an obviously counterfeit portrait 8 reales in an NGC holder. It is number 3587658-141 if you want to see it at the NGC site. They went so far as to call it an 1805MO TH MEXICO 8R WIDE DATE
Check the silver [lating wearing off all over and the copper(mostly toned but red in places) showing through.
Gord
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New Member
Canada
26 Posts |
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Pillar of the Community
United States
1156 Posts |
Hi Gord, My opinion is that TPG certification is not a guarantee of authenticity but a guarantee of your investment (as far as the TPG policy goes). I've looked at your coin and it looks like a contemporary counterfeit and might be worth more than the genuine. Maybe swamperbob or Colonial John can weigh in with their options. You might want to post it to a new thread in the World Forum. ~jack |
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Pillar of the Community
United States
531 Posts |
This question comes up regularly. If your collecting focus is on how much money can I make today I can understand why people ask this. Collecting can be driven by more than profit motive. Since the advent of TPGs questions have been asked about the grading accuracy and consistency. The pic below is of a set of 1864 Large Motto Two Cent Pieces that I have been working on for some time. I still need examples in F-01 and P-02 grades. Eventually it will turn in to an Exhibit at my State Numismatic Society annual convention.  |
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New Member
Canada
26 Posts |
Jack
I know Bob and John quite well. I don't know where the World Forum is though. I'm quite new here. What forum is this that I am on right now?
Gord
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Pillar of the Community
United States
5208 Posts |
Would NGC be able to grade a an 1864 lower than AG3 given the 2 mottos as the motto would be obliterated at that grade with no way to tell small vs large other than to ASSUME it was the large because of the mintage?
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Pillar of the Community
United States
531 Posts |
They would be able to. There are quite a few differences in the Large Motto obverse versus the Small Motto. Some of those differences survive the wear such a low grade coin would have. I recommend Kevin Flynn's latest book on Two Cent Pieces titled "The Authoritative Reference On Two Cent Coins". |
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Valued Member
 United States
183 Posts |
tkbslc hit it on the head with his post. You see slabbed PCGS coins on ebay for 8-12 bucks sometimes, why would they even get those slabbed in the first place ? |
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Pillar of the Community
United States
531 Posts |
Those are usually from a bulk grading order. The submitter makes their money on the 70 grades received and they dump the lesser grades on ebay. They don't lose money, trust me. |
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Valued Member
United States
309 Posts |
i have thought about grading coins in my collection but the price knocked my socks off, I think that I will buy slabed coins I want thinking its safer and will hold its condition....
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Pillar of the Community
Canada
5417 Posts |
Quote:Those are usually from a bulk grading order. The submitter makes their money on the 70 grades received and they dump the lesser grades on ebay. They don't lose money, trust me. I agree. These guys are submitting coins in the thousands which allows them to get a very nice discount on the slabs and whatever minimal amount the lose on the coins that don't grade as they wish, they make up on the The coins they buy for Rock Bottom Prices, such as ASE's for close to melt and then sell them for $70+ each. I personally only slab coins for two reasons: To preserve the coins or to guarantee authenticity/grade. Mostly to preserve toning, "Friction Wear" meaning the result of my coins wearing out their rims/details slowly rubbing against the sides of their flips and going from a MS-64 to an AU-58. @penny guy: That's an amazing collection. You and Westcoin should talk, you both seem to have a deep interest in 2-Cent's  |
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Pillar of the Community
United States
1156 Posts |
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Pillar of the Community
United States
1156 Posts |
 Gord, If you are publishing a book with Bob and John then I'm sure you know them well! ~jack |
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Pillar of the Community
United States
531 Posts |
zxcccxz: Thanks for your kind words. The US Two Cent Piece is a speciality, you can see my Registry at NGC under the same name as here. Edited by Penny Guy
07/10/2014 03:06 am
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New Member
Canada
26 Posts |
Thanks Jack
I found it.
Gord
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Replies: 21 / Views: 3,186 |
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Posted 07/09/2014 8:57 pm
