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Shows Us Those Overgraded Slabs From Major Companies

 
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Valued Member
United States
135 Posts
 Posted 07/21/2019  09:50 am Show Profile   Bookmark this topic Add John K to your friends list Get a Link to this Message
We all have seen the poor grades from companies ye never heard of but what about the big guys who git the big bucks.




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United States
39149 Posts
 Posted 07/21/2019  09:55 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Wow, that ANACS example in particular looks off my a mile.
Pillar of the Community
United States
4102 Posts
 Posted 07/21/2019  10:01 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
If you use Canadian grading standards then, yes, they are definitely overgraded.
Describe it as if there were no picture.
Picture it as if there were no description.
Valued Member
United States
135 Posts
 Posted 07/21/2019  10:15 am  Show Profile   Bookmark this reply Add John K to your friends list Get a Link to this Reply
I try to buy "raw" coins. Why would anyone pay extra for a slab that isn't even close to the grade it states? I liked it better when I was a coin dealer 35 years ago. ANACS would certify if a coin was genuine but nobody was doing graded slabs.

But then the graded slabs appeared. PCGS offered me a job out in California to help out with grading. They were getting so many coins back in the beginning, they couldn't keep up! Pay was great but California cities are not where I want to live. Rockwell aerospace wanted me to come work for them about the same time in CA. But I told them only if they would pay me enough that I could retire in one year - har!

I love it up here in International Falls. Good fishing and no crowds.
Valued Member
Canada
64 Posts
 Posted 07/21/2019  10:40 am  Show Profile   Bookmark this reply Add Stogie to your friends list Get a Link to this Reply
It certainly annoys me beyond belief that the major graders at times can be so clueless when it comes to grading coins, especially circulated Canadian coins. It goes to show that we all must learn how to grade coins properly, and to not discontinue the practice of thinking for ourselves!

Below is a photo of a Canadian nickel I found on Ebay back in March, which I started a new thread about. The thread topic? You guessed it - over-grading by the major players! It should come as no surprise that this nickel is still for sale on Ebay (with a BIN of over $200 CDN!). At this over inflated grade it will not sell at any price.
Valued Member
Canada
379 Posts
 Posted 07/22/2019  06:52 am  Show Profile   Bookmark this reply Add tamarin to your friends list Get a Link to this Reply
And where are the pucks from the National Numismatic Certification folks? Now there's a whole new twist on the game but the "company" isn't likely considered a big player. Canadian collectors should stick to Canadian certification services but even there, there are plenty of disappointments. One additional beef about American grading services besides inconsistency - is the practice of labelling coins "cleaned" that likely aren't. No wonder so many slabs are shredded.
Bedrock of the Community
Australia
15605 Posts
 Posted 07/22/2019  07:20 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
We all should learn to grade for ourselves. That is why I like the grading threads seen here in the CCF. We all get a chance to exercise our grading skills, and compare those skills with others.

One of the main benefits of TPG is that it is not the seller's opinion to be seen on eBay but an independent opinion.

It makes me sad to see these pictures.
Fortunately, TRPgraders don't often get it this far wrong, but it does leave me somewhat uneasy.
Bedrock of the Community
Canada
10606 Posts
 Posted 07/22/2019  4:27 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
Yup, there you go.
True North
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United States
791 Posts
 Posted 07/24/2019  12:20 am  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
Wow. Those coins are just painful to see.

For me, the biggest gripe about the PCGS and NGC overgrading is the ill will it creates between customers and local coin dealers.

My wife and I do a few shows every year. I can't think of a single show in the last few years where we have not been offered at least one badly overgraded Canadian coin. When we tried to explain the grading, people became angry and accused us of trying to "steal" their coins. They then heard the same comments from the other dealers, and their gripe became that all dealers are thieves. Naturally, they never look at the coins we are selling where we reduced the assigned grade. That's pretty hard to put up with show after show.

As a result, we no longer try to help people see the grading when they have improperly graded slabbed coins. We just politely say that we are not interested in their coins. Then, of course, they get angry because we are insulting their coins. Ugh!

I can see honest difference of opinion on the numerical grades. For example, many coins are fairly debatable whether they are F-12 or F-15 or whether they are VF-30 or VF-35. Seeing a VF coin slabbed as AU is indefensible. Unfortunately, there seem to be quite a few of those disasters out there.

Interestingly, I see a half dozen overgraded PCGS or NGC coins for every undergraded example. That ratio is pretty close to 1:1 for ICCS and CCCS, which tells me they are more consistent. They certainly grasp Canadian standards much better.
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791 Posts
 Posted 07/25/2019  9:13 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
And another PCGS gem. Apparently 40 really is the new 25.


Valued Member
United States
135 Posts
 Posted 08/04/2019  10:07 am  Show Profile   Bookmark this reply Add John K to your friends list Get a Link to this Reply
Another one
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Canada
8533 Posts
 Posted 08/08/2019  12:36 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
Lot 1060, TCNC Auction, October 2015 Torex

I cut this out of its holder basically out of pure disgust... I would not even grade this one MS-64.



"Research is what I am doing, when I don't know what I am doing" --Wernher von Braun

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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Canada
8533 Posts
 Posted 08/08/2019  12:39 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply

Quote:
Interestingly, I see a half dozen overgraded PCGS or NGC coins for every undergraded example. That ratio is pretty close to 1:1 for ICCS and CCCS, which tells me they are more consistent. They certainly grasp Canadian standards much better.


I could photograph coins all night - that prove your statement wrong. If anything, Canadian grading companies are consistently inconsistent over the past five years.
"Research is what I am doing, when I don't know what I am doing" --Wernher von Braun

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

My eBay store
Valued Member
United States
135 Posts
 Posted 08/08/2019  08:46 am  Show Profile   Bookmark this reply Add John K to your friends list Get a Link to this Reply
SPP - I guess bag marks didn't count on the day that 1973 was graded. Why would somebody even send that in and pay a fee to have it graded? Maybe they have a buddy at ICCS?
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Canada
8533 Posts
 Posted 08/08/2019  10:56 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
Moral of the story is that I now NEVER buy any graded coin, sight unseen... I examine potential coins I wish to buy in my own hands, with my own eyes, before making a purchase.
"Research is what I am doing, when I don't know what I am doing" --Wernher von Braun

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

My eBay store
Bedrock of the Community
Australia
15605 Posts
 Posted 08/09/2019  03:00 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
A man after my own numismatic heart !
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