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Replies: 24 / Views: 2,910 |
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Pillar of the Community
1844 Posts |
Hey guys & gals...We all know about TPG's and the grading & comments.. I know when I send a coin its for numerical grade only .This is what I pay for..not for any comments...I have seen to many coins have comments which differs from one place to another..Same as Grade... Which again is another issue...All grades and comments are only their opinion and therefore should not be law...So I ask this..... Do you think a coin when submitted should ONLY be authenticated and IF a grade is assigned should the TPG make it very very clear that the grade is only their opinion ..Also should they be held liable if the same coin is sent to another TPG and they disagree with the grade? Lots of questions I know...
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Pillar of the Community
United States
7840 Posts |
What kind of comments are you referring to? Unwelcomed comments such as Cleaned, Altered Surfaces, Corrossion, etc...?
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Pillar of the Community
Canada
1177 Posts |
I think they should be upon request only. This includes varieties, errors, as well and unwanted ones "cleaned" ect
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Pillar of the Community
 1844 Posts |
oih.... Yes any comments...at all with perhaps a very very few exceptions. I know ICCS will slab altered coins.or so they say.
jake I agree with you if you request this then yes ..if not they should not..
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Pillar of the Community
Canada
695 Posts |
I think that if a TPG want to make a comment on a coin, then it should be up to them. It is after all their reputation on the line and nobody else's.
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Pillar of the Community
 1844 Posts |
midross as far as their reputation goes it has nothing to do with a comment ..Ex: I bought a coin that was in a US slab top guys ..It said lightly cleaned, but the price was right. I sent it to the first Canadian grading service to re slab..The comment was totally different ( harshly cleaned )? as was the grade ..So again I resent to the other to have it in hard slab. grade was half point higher than the other but the comment was whizzed ? so this is why I have a problem with comments ..They seem to differ and yet NO ONES reputation was harmed hahhaha only my coins was so to speak...... It would be nice if every TPG would follow exact same guidelines..You 1 way for all ..
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Pillar of the Community
Canada
695 Posts |
Quote: midross as far as their reputation goes it has nothing to do with a comment ..Ex: I bought a coin that was in a US slab top guys ..It said lightly cleaned, but the price was right. I sent it to the first Canadian grading service to re slab..The comment was totally different ( harshly cleaned )? as was the grade ..So again I resent to the other to have it in hard slab. grade was half point higher than the other but the comment was whizzed ? If these comments were not made, then it could hurt their reputation. Imagine buying a coin online that is in a TPG holder and has been cleaned with no comment stating so. From the pictures it is often tough to tell if the damage is on the coin or the holder. It is the right of the TPG to place these comments to protect their reputation. In the end, anyone asking the opinion of a TPG (which is exactly what anyone sending a coin is doing) is going to get exactly that. If that opinion has a comment whether it be negative or positive, it is the TPG's right to put it there. Anybody that doesn't want their opinion shouldn't ask for it.
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Valued Member
291 Posts |
Quote: midross as far as their reputation goes it has nothing to do with a comment ..Ex: I bought a coin that was in a US slab top guys ..It said lightly cleaned, but the price was right. I sent it to the first Canadian grading service to re slab..The comment was totally different ( harshly cleaned )? as was the grade ..So again I resent to the other to have it in hard slab. grade was half point higher than the other but the comment was whizzed ? so this is why I have a problem with comments ..They seem to differ and yet NO ONES reputation was harmed hahhaha only my coins was so to speak......
A TPG offers an opinion. Different graders see things differently. Happens all the time, hence the people playing the crack out game, hoping for a higher grade. You did it and didn't like the results. Too bad but that's the chance you take. 
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Valued Member
Canada
331 Posts |
I'm only thinking here of your desire for all TPGs to speak the same language with regard to negative comments and grade: Every TPG considers different factors that contribute toward grade. For example, PCGS considers eye appeal whereas other TPGs may not. This means that the numerical grade will likely differ slightly between TPGs. The reason (as I see it) for "negative" comments such as cleaned, polished, scratch, etc., is that there is not an objective demerit system for how these imperfections affect grade. Is a bad scratch equivalent to the coin having been cleaned? Are two rim dings equal to one spot of corrosion? These factors are very difficult to quantify, so they are left to a simple description, and removed from the calculation of numerical grade. How comments affect the resulting price, is therefore between buyer and seller. I don't really see an issue differentiating between 'harshly' and 'lightly' cleaned; if a potential buyer reads 'cleaned' and then looks closely, the comment has done its job. We say 'Buy the coin, not the holder'. If everyone followed this advice, grade-affecting "negative" comments might be less necessary. They sure help when buying a coin on ebay, when these issues might be subtle and hard to identify from photos.
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Pillar of the Community
 1844 Posts |
we all do the crack out game when not happy , its normal I guess and yes if it does not go your way so be it..... But do you think they should be liable for the grade they assign...I know its an opinion but not 1 TPG states that it is only their opinion... Are there not a few that will Guaranty the grade ? To me this is backing their reputation and any one that does not then why take it as such..
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Pillar of the Community
Canada
695 Posts |
Quote:...I know its an opinion but not 1 TPG states that it is only their opinion I know that I.C.C.S. does. On the bottom of the holder it states that "tampering with this sealed holder invalidates above opinion".
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Pillar of the Community
 1844 Posts |
Thats true but they wont guaranty it....Is it PCGS or NGC that guaranties the grade ?
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Pillar of the Community
Canada
695 Posts |
Quote: they wont guaranty it Nor should they. What kind of guarantee are you looking for? These are ALL opinions based on Qualitative observations, and as such will be different from one person or TPG to another. If one person grades it as an MS64 and you have it regraded, and it gets an MS63 do you expect them to pay the difference in trend prices to you? I am confused as to how one would guarentee an opinion.
Edited by middross 10/23/2012 2:29 pm
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Pillar of the Community
 1844 Posts |
midross to my knowledge one of the US TPG's have such a policy I am just not sure which one it is... Now perhaps it is only if you re send it to then for a re slab or something , again not sure I just remember reading about it before...
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Pillar of the Community
United States
1812 Posts |
I think that more important then a grade guarantee (as most here know is an opinion based grade) is the ending of body bags for problem coins... I say since you have paid for the coin to be holdered, slab it and place the problems on the label, or return a partial refund for a unholdered coin...
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Pillar of the Community
 1844 Posts |
Ok Middross I found this and it is quite interesting and answers your question. http://www.pcgs.com/guarantee.htmlThey Guaranty their grade and yes , if resubmitted and it grades lower they will refund you the difference of the higher grade at todays market value.... So I guess they should all do it ?
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Replies: 24 / Views: 2,910 |