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Shows US Those Overgraded Slabs From Major Companies

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Pillar of the Community
Canada
572 Posts
 Posted 06/16/2020  07:57 am  Show Profile   Bookmark this reply Add tamarin to your friends list Get a Link to this Reply
Truth is, and it might seem mean, if you're a seasoned collector your views on grade are just as good as anyone working for a TPG. The only difference being is that you don't get paid for your opinion.
Pillar of the Community
Canada
747 Posts
 Posted 07/24/2020  10:30 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply

Quote:
.Truth is, and it might seem mean, if you're a seasoned collector your views on grade are just as good as anyone working for a TPG. The only difference being is that you don't get paid for your opinion.


For the collector who has actually taken the time to learn how to grade I agree, however there are those who would rather just take the TPGs word for every grade.

It's now extremely rare that I buy and coin site unseen, not just raw coins, which is kinda sad because one of the selling points most major TPGs use is "with our grades you can be confidant buying coins site unseen". But because it seems every TPG has a major Achilles heel ( ICCS Straight grading problem coins, PCGS overgrading circulated coins, ICG straight grading problem coins AND overgrading them) I just can't confidently trust any of them to get it right enough to where I feel safe buying a coin sight it.
Valued Member
United States
380 Posts
 Posted 07/26/2020  10:38 am  Show Profile   Check John K's eBay Listings Bookmark this reply Add John K to your friends list Get a Link to this Reply
I will bid on this one but not at AU53 prices. MANY bagmarks and very little if any luster remaining.

https://www.ebay.com/sch/i.html?_nkw=224094084657


Pillar of the Community
United Kingdom
1908 Posts
 Posted 07/26/2020  8:01 pm  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply
There's a lot of wear on the hair and on the leaves and the hairband should be really sharp.

If you buy an overgraded coin, can you sue the grading company ?
Life Fellow, Royal Numismatic Society

My wants list: http://goccf.com/t/283145
Pillar of the Community
Canada
747 Posts
 Posted 07/26/2020  8:34 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply

Quote:
. If you buy an overgraded coin, can you sue the grading company


Unfortunately the TPGs have themselves backed up pretty well in that, they could grade a coin with damage, no luster, as a straight grade AU and people will still keep lining their pockets.

Not that I think they should be sued for overgrading a coin, but I do think they should be more accurate and consistent seeing as they really like to say the service they provide allows people to buy coins "sight unseen".
Pillar of the Community
Canada
2337 Posts
 Posted 10/07/2020  10:56 am  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
OMG!!.............

PCGS AU53 1872-H key date Canadian 10 cent.

$900.00 USD !!

Honestly, I'm torn whether I should feel sorry for the buyer of this coin or take the attitude 'it serves him/her right for being so uneducated'.


Valued Member
United States
380 Posts
 Posted 10/07/2020  1:23 pm  Show Profile   Check John K's eBay Listings Bookmark this reply Add John K to your friends list Get a Link to this Reply
The grading guide on the

https://coinsandcanada.com/

shows much nicer examples for AU50

Pillar of the Community
Canada
747 Posts
 Posted 10/09/2020  4:18 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
Wow, that 1872 is I'm a VF-35, maybe an Ef-40 if you can chalk the weakness up to a weak strike.
Pillar of the Community
Canada
528 Posts
 Posted 01/22/2021  6:44 pm  Show Profile   Check TerryT's eBay Listings Bookmark this reply Add TerryT to your friends list Get a Link to this Reply
How to waste money and make an F+ an EF - send it to PCGS ! Someone actually paid for their opinion, what a joke !

Pillar of the Community
Canada
1190 Posts
 Posted 01/22/2021  10:11 pm  Show Profile   Bookmark this reply Add purelywasted to your friends list Get a Link to this Reply
Wow that 44 is looking a little rough XF...
Pillar of the Community
Learn More...
Canada
3846 Posts
 Posted 02/01/2021  01:31 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Quote:
.Truth is, and it might seem mean, if you're a seasoned collector your views on grade are just as good as anyone working for a TPG. The only difference being is that you don't get paid for your opinion.

Oh yes we do , those of us who are able to grade to the current standards .
Picking out UNDERGRADES can result in lots of profit !
Pillar of the Community
Canada
2337 Posts
 Posted 02/10/2021  06:53 am  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
Another 'wasted' grade......

PCGS 1943 10c XF40 at a super deal of a price for only $40.00 US.

WOW!!

(actual value $2.40 Canadian)


Edited by doubleeagle59
02/10/2021 06:54 am
Valued Member
United States
380 Posts
 Posted 02/10/2021  11:52 am  Show Profile   Check John K's eBay Listings Bookmark this reply Add John K to your friends list Get a Link to this Reply
The reverse is even worse - more pix



Pillar of the Community
Canada
747 Posts
 Posted 03/06/2021  8:13 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
Wow, that quarter is a VF-20 on the absolute best, planets aligned, blue moon of days, the dime is a bit better, but I could not see an EF from it either.
Pillar of the Community
United States
505 Posts
 Posted 03/19/2021  5:23 pm  Show Profile   Bookmark this reply Add Colhand1 to your friends list Get a Link to this Reply
I recently sent some Canadian coins into Anacs - why would I do that?
All of the grading companies are churning out coins and have relaxed their grading
This is true of all grading companies both in USA and Canada
So what am I to do? Prices for grading are expensive - if I can expect the same results from PMG (my usual grading company) as I would get from Anacs, I am now sending into Anacs as they are 1/3 the price.

Now I also have some Canadian paper money that I am going to get graded. I will be sending into BCS although I have in the past sent into PMG. Why would I do that? Well BCS is much less expensive and since they are Canadian banknotes and will most likely end up in Canada eventually, Canadian seem to prefer BCS over PMG. But PMG seems to be the leader in grading banknotes. So if it's USA items - I wouldn't be sending them into ICCS, I would be sending them into the USA grading companies.

I sent coins into ICCS back in the mid-80's and had them graded. When I went to shows in the Chicago area and offered them to dealers - they scoffed at ICCS not even knowing who they are and therefore, were less interested since they weren't PCGS. I did have a problem with ICCS, they put their coins sealed in a hard plastic but then placed in a PVC flexible holder. My dollar broke the hard plastic and got PVC damage - that stinks when you have a MS coin where the holder contaminated the coin - I contact ICCS and was promptly ignored, my problem, not theirs. So their holder is a problem that needs to be updated, but I haven't seen this happening.
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