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Replies: 27 / Views: 5,735 |
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Pillar of the Community
United States
3755 Posts |
OK, I know this is  (I got to use it! Woohoo! LOL) but this really ticks me off. VACookey and I ordered our 2012 (S) ASEs last week from Modern Coin Mart. We got them today. I got a PCGS MS69 with Mercantis signature. VACookey got a simple NGC MS69. Lets start with mine. On the obverse are hairline scratches above IGWT. No matter how I try, I cant get a pic to show them. On the reverse however, no problem getting a pic...  For fun, a close up...  That folks is a hunk of metal. Not sure if it was a die chip or what, but combined with the scratches on the obverse, at best an MS66. Now for the NGC example VACookey got...  A blind man should be able to see that hit on the O in one AND the scratches in the field. There are several more that dont show in the picture. Looks just like another ASE dropped on it on edge. Needless to say these will be returned. Never had a problem with MCMs quality control before, so not too upset with them. So why in the heck do people continue to scream about how good these two companies are when I constantly see stuff like this from them? I need to find someone selling the ANACS version. I am really sick of this junk. Oh, the scratch showing through the R in silver is actually on the slab. Moved by Forum Mom from Modern US coins forum to TPG forum.Edited by smokeriderdon 09/22/2012 7:33 pm
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Bedrock of the Community
United States
36745 Posts |
I would send that one back for either a replacement or refund, period. That coin is unacceptable. MCM sends hundreds if not thousands of coins to the TPGs so they usually get favorable treatment. This coin should never have gotten MS69. I look at a lot of 69's and can't tell the difference between them and a 70.
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Valued Member
United States
155 Posts |
We were so excited to get our coins and then totally deflated when we looked at them. Very disappointed 
Edited by VACookey 09/22/2012 7:38 pm
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Bedrock of the Community
13014 Posts |
When youve graded 25 million coins and counting some will slip through. That could have also been something that happened when they were slabbing the coin after itd been graded.
Id send those back for a new one as well. The quality on these sets overall just seemed to be way down
Edited by basebal21 09/22/2012 7:44 pm
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Pillar of the Community
 United States
3755 Posts |
basebal, that is just bunk IMO. If you are Gods gift to grading and the Jesus of grading (as PCGS and NGC supposedly are) no way something like that should get through. Thats an excuse. And not sure how a chunk of metal would get onto the coin after having been graded, because that is clearly a part of the coin. And if your operation is the platinum standard all others must bow to, how in Gods name do you drop another coin onto an already graded coin before it gets slabbed? What kind of non existent controls are there that would allow that to happen?
Again, these are supposed to be the companies no one can possibly compare to and you get amateur results like this. There is NO EXCUSE. As VACookey just said, we would be just as well off getting an MS70 from SGS.
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Bedrock of the Community
United States
12437 Posts |
The mark by the wing is a reeding hit from another coin.
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Pillar of the Community
 United States
3755 Posts |
bio, I looked at it again, and realized that it is raised on one side and a divot on the other. So it is not a chunk like I thought. But my point still stands. And for it to have divoted like that, the other coin had to have been like launched from a coin shooter or something. Like a one of those t-shirt launchers at a concert.
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Bedrock of the Community
13014 Posts |
Quote: basebal, that is just bunk IMO. If you are Gods gift to grading and the Jesus of grading (as PCGS and NGC supposedly are) no way something like that should get through. Thats an excuse. And not sure how a chunk of metal would get onto the coin after having been graded, because that is clearly a part of the coin. And if your operation is the platinum standard all others must bow to, how in Gods name do you drop another coin onto an already graded coin before it gets slabbed? What kind of non existent controls are there that would allow that to happen? Space shuttles blow up and planes crash yet they go through far more checks and qc than a coin being slabbed. Anything done or run by humans will have mistakes happen and grading companies are no exception. Holding a TPG to a standard that no other company on the face of the earth can match expecting everything they do to be perfect is unreasonable. Humans always have and always will make mistakes and as a result nothing we ever do or make will be perfect. Coins like these are the exception to the rule of the work they do. If this starts becoming the norm then yes theres a problem, but as of now these types of coins are the exception to the rule. The more they grade the more of these you will see but its not the number of them that should be considered rather the percentage they are of the whole.
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Moderator
 United States
16679 Posts |
That's why I don't consider these graders experts by any means. Sure they see more coins than us but at the end of the day it's an opinion.
swcoin.ecrater.com
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Pillar of the Community
 United States
3755 Posts |
basebal, the point is this IS common. I see it all the time on tons of coins. As I have said before, CAC would not exist or have any kind of value whatsoever if PCGS and NGC were so good.
And *I* do not set these standards. Its all of the collectors who shuffle and chant PCGS like zombies that claim they are so great. How many times do you see people say get it graded with PCGS because it will be worth more because they are the best there is? All the time. And a plane or a space shuttle is a complex piece of machinery that has literally millions of opportunities to fail. Hardly something to compare to finding flaws on one ounce of metal.
I am well aware humans make mistakes. And I dont expect everything they do to be perfect. My point is they are NO BETTER THAN ANACS OR ICG and this is simply one of many examples to point towards that.
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Bedrock of the Community
13014 Posts |
The thing is its not that common though. If you search them out you can find some examples, but they also graded somewhere between 60-100k of those. The other thing is they stand behind their work and will buy back mistakes too correct the issue which is all you can really ask for.
CAC isn't necessarily even saying that PCGS or NGC got the grade wrong when they dont sticker just that its in the lower end of its grade. Something like CAC it was only a matter of time before it started because people are always looking for ways to say their coin is better than other coins. CAC gives them a way to further separate their coin from the pact. Knowing how competitive humans are by nature I can honestly say the existence of CAC doesn't surprise me.
People say to use PCGS because its worth more because thats what the market says which really wont be changing anytime soon. New collectors are coming in with PCGS and NGC being the top dogs, and they have the money that they arent endanger of going out of business. If anything theyre just expanding more at this point. ICG and ANACS make more than their fair share of mistakes on coins as well and do a far lower volume.
Space ships and planes are more complex but also have the tightest quality control around, but the point was that literally everything humans do mistakes happen. I just dont think its fair to hold TPGs to a standard where every single thing they do is expected to be 100 percent perfect when nothing in the world could match such a standard. It would be nice if that were the case and its certainly annoying when the mistake is your coin, but the overwhelming majority are exactly what they say they are.
ICG and ANACS both do a fine job grading, but the simple fact that they dont bring the same premiums make PCGS and NGC the superior choice. Its like haliburton and exxon. Both have very similar financials yet Exxon trades for twice the price on the stock market. Id trust something from any of the 4 but I'm picking PCGS every time to get the most value (with the exception of CC morgans)
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Pillar of the Community
 United States
3755 Posts |
And all of what you say remains true because those new collectors coming in are unduly influenced when you and others go on about how the market bears it out etc etc etc. When enough people repeat the same thing, true or not, it becomes true.
Everything you have said actually supports what I have been saying. There is no REAL SUBSTANTIVE reason beyond perception and marketing for them to be top dogs so to speak.
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Bedrock of the Community
13014 Posts |
That may be true, but it doesn't change the fact that they are. Its not just new members that come hear and get that advice they get it everywhere. Just simple ebay searches reveal who has the highest premiums. And I dont think we unduly influence anyone, theyre all free to pick whoever they want. But I do feel they should be given all the available information before making that choice and the simple fact is that PCGS will bring them the highest money, then NGC, then ANACS. In terms of market premiums ICG really isn't worth using at this point. PCGS and NGC built their reputations over time, I find it hard to believe the ONLY reason theyre considered better by the vast majority of collectors and the public is that they have better marketing departments
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Bedrock of the Community
United States
10982 Posts |
It's very unusual for any ASE to be graded under 69. My guess is they saw a flaw and said "69".
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Valued Member
291 Posts |
Quote: I am well aware humans make mistakes. And I dont expect everything they do to be perfect. My point is they are NO BETTER THAN ANACS OR ICG and this is simply one of many examples to point towards that. The marketplace would disagree with your assessment and so would I. Nobody's perfect but PCGS and NGC are, in my experience, more accurate and more reliable than ICG and the later ANACS slabs. It isn't just marketing that makes them more respected (although I'll admit it may be a minor factor). As always you should buy the coin, not the slab. Astute buyers can take advantage of the price disparity between PCGS/NGC and ICG/ANACS and get some very nice coins in the latter's slab at a discount. I have some coins in old ANACS slab that would cross over easily at the same (maybe higher) grade at PCGS.
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Pillar of the Community
Canada
5324 Posts |
nothing speaks more about a companies product but its dominance in its field.
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Replies: 27 / Views: 5,735 |