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 Replies: 8 / Views: 4,244 |
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New Member
United States
37 Posts |
I had a couple coins that were previously in NNC (centsles) holders that I sent to NGC. The first coin is an 1864/3 Peru 1/5 Sol. I figured from the ebay images it was nice and bid accordingly despite the low rep of NNC. When I got it I was stunned. It was very beautiful in hand, and I was concerned something must be wrong on the edge that couldn't be seen (but it wasn't). I figured it was a 63 minimum, probably 64, and I got the 64 at NGC, one point above NNC. What's sad is there were other coins that day on ebay that looked equally nice that I didn't go for. I remember an "MS 66" Bolivian 4S. It may have really been that grade! The second coin is an 1877 Peru Dinero graded MS 64 by NNC. I didn't think it could make 64 at NGC because of the very weak reverse strike, but they don't care much about strike as a grading factor at NGC and I did get the 64, which tied in the NNC grade. Has anyone else bought any NNC coins that turned out to grade the same or better at PCGS/NGC/ANACS?         |
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Pillar of the Community
 United States
2843 Posts |
I guess I should go back to my LCS and pick up the off-brand MS66 Morgan dollars that they have.  |
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Moderator
 United States
34413 Posts |
As you may know, centsles does not have a particularly good reputation on CCF, with multiple threads talking about overgrading and the potential conflict of interest of having a seller who also operates a grading company (e.g. http://goccf.com/t/14121). I would chalk this one up to luck and consider moving on to a more objective seller. "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
United States
4592 Posts |
Even a blind squirrel occasionally finds a nut.
Congrats squirrel
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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New Member
 United States
37 Posts |
Quote:"As you may know, centsles does not have a particularly good reputation on CCF, with multiple threads talking about overgrading and the potential conflict of interest of having a seller who also operates a grading company (e.g. http://goccf.com/t/14121). I would chalk this one up to luck and consider moving on to a more objective seller." *** Edited by Staff to add Quote tags. [quote][/quote] Please use them in the future. ***Oh, I fully understand the usual extreme overgrading of NNC/centles. But I buy the coin if I want the coin regardless of the holder or seller, assuming the price is reasonable. The issue of course is that he also had poor quality photos for these coins, making judgement difficult, but for the amount I won them for, it was definitely worth the risk. |
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Bedrock of the Community
13014 Posts |
Quote:
Oh, I fully understand the usual extreme overgrading of NNC/centles. But I buy the coin if I want the coin regardless of the holder or seller, assuming the price is reasonable. The issue of course is that he also had poor quality photos for these coins, making judgement difficult, but for the amount I won them for, it was definitely worth the risk. IF I was going to take the risk world coins is very likely where I would do it. That said your ability is why it paid off and not something people should engage in blindly |
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Bedrock of the Community
United States
17884 Posts |
All grading is an opinion. What you have here is a difference of opinion and who is to say which is right and which is wrong? Did NNC grade it accurately and NGC overgraded it? Or did NNC undergrade it and NGC accurately grade it? It also depends on what your opinion is and how it compares to the TPG grades. There are no absolutes here. |
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Pillar of the Community
United States
2589 Posts |
Conder101, there are absolutes in grading, a Morgan dollar with no legend visible due to wear is absolutely not a mint state coin |
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New Member
United States
37 Posts |
Conder, grading may be an art, but NGC has some reasonably strict criteria for what makes each mint state grade (whereas NNC has essentially no criteria).
I could go on about NGC overgrading coins. Especially world coins in AU. But at the mint state level, I think PCGS/NGC have a "reasonably" objective set of criteria for what makes each grade. Not that most people know what it is or how to apply it. And not that NGC or PCGS do a good job explaining what that criteria is. Of which the same could be said for the grading guides in terms of mint state descriptions. The 1864/3 I sent in, I knew there was no way it's an MS 65. While it is beautifully toned and has nice luster and not all that much contact, the luster is subdued enough, and there is enough contact, that it will never go Gem at PCGS/NGC, except maybe 1 out of 500 times by accident. You could make the argument that standards will change over time, and the coin could then become an "MS 65". I suppose this is somewhat true. But in terms of dealing with grading in 2018, no.
So, to answer your question, NNC slightly undergraded and NGC graded accurately. By NGC standards. Which, in world coins, is the standard.
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Replies: 8 / Views: 4,244 |
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Posted 08/07/2018 8:40 pm
