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 Replies: 16 / Views: 3,602 |
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Pillar of the Community
Australia
7096 Posts |
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Moderator
 United States
23522 Posts |
Wow.
My thought? They've been surrendering this to NGC for years. I'm amazed they didn't make the move earlier.
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Pillar of the Community
Sweden
729 Posts |
4% of value+ grading fee. Seems kinda pricy. How much does NCS charge?
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Pillar of the Community
 Australia
7096 Posts |
My concern about this is they don't add a "details" to the holders after restoring/cleaning a coin.  If they did this it would lower the value and they would loose money on the deal 4% of value. Isn't this a conflict of interest? Edited by trout1105
11/27/2012 6:44 pm
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Pillar of the Community
Canada
4944 Posts |
Quote:
My concern about this is they don't add a "details" to the holders after restoring/cleaning a coin That's the first thing I looked for, and noticed about the slab. |
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Pillar of the Community
United States
759 Posts |
Well, that would be right in line with setting the fee by a % of their own source.
PCGS is a business, and it's showing.
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Bedrock of the Community
13014 Posts |
In response to the initial question its not something ill use but it doesn't surprise me they have started it instead of letting ngcs version get all the business. Quote:
My concern about this is they don't add a "details" to the holders after restoring/cleaning a coin. One of those things were you can clean/restore but it matters how you do it. A lot like how acetone is okay but other things are a no no |
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Pillar of the Community
United States
3184 Posts |
NGC has been doing this for years with NCS.
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Moderator
United States
23522 Posts |
Quote:
4% of value+ grading fee. Seems kinda pricy. How much does NCS charge? Don't quote me but I think it's the exact same fee. Quote:
My concern about this is they don't add a "details" to the holders after restoring/cleaning a coin. NCS/NGC have done this from the start for coins they feel warrants it. There's nothing new here. |
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Valued Member
Canada
475 Posts |
The real trick is the ability to learn conservation techniques yourself and then submitting the item. There are NO real secrets here , but by the looks of the charges...........there is a heck of a pile of dough on the table!
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Bedrock of the Community
United States
14454 Posts |
this is the first I have heard of this. I agree it took them long enough as NGC/NCS has been doing it for a long long time by themselves and cornering the market on conservation/slabbing in one stop. Now we gopt to see who does a better job
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Pillar of the Community
Australia
7096 Posts |
Why is it that when you call cleaning a coin "restoration" it's OK Especially when a TPG does it it becomes acceptable and fully Kosher  By "Restoration" does it mean that it is done discreetly/sneakily in the hope that it will go unnoticed. All of a sudden cleaning coins without disclosing that it has been cleaned is acceptable |
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Moderator
United States
23522 Posts |
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By "Restoration" does it mean that it is done discreetly/sneakily in the hope that it will go unnoticed.
All of a sudden cleaning coins without disclosing that it has been cleaned is acceptable Unwritten Rule #1: If it doesn't look like you did it, you didn't do it. Nobody here would hesitate to submit a coin which has had a PVC infection removed by acetone. Many here would submit a dipped coin which was done right. NCS has procedures which can be of that level of undetectable effectiveness with coins having greater problems. You still can't tell it's been done. |
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Pillar of the Community
United States
1424 Posts |
my only questions are why do they charge $25 to do nothing and what makes a coin not restorable?
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Moderator
Australia
16834 Posts |
Quote:
By "Restoration" does it mean that it is done discreetly/sneakily in the hope that it will go unnoticed.
All of a sudden cleaning coins without disclosing that it has been cleaned is acceptable
Unwritten Rule #1: If it doesn't look like you did it, you didn't do it.Yep. It's called "market-acceptable cleaning". Where the TPGs get to define what "the market" is. Quote:
The real trick is the ability to learn conservation techniques yourself and then submitting the item. No, the real trick is to learn the same conservation techniques that the TPG subsidiaries use, and use them in the same way. It would depend on exactly what conservation work was needed, but I suspect that if you tried to use almost the same cleaning technique in your basement at home that the TPGs use, but don't do as good a job or otherwise leave traces of the work behind on the coin, they'll detect it and bodybag. Now that both players are into the restoration game, I think it'd be an interesting (though perhaps costly) experiment to see if coins "conserved" by one TPG are routinely bodybagged by their rivals. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
Australia
7096 Posts |
To me the odd dip in acetone isn't a biggy but any other form of cleaning MUST be mentioned when either buying a coin or selling one. This so called "market-acceptable cleaning". is just plain devious and deceptive. If it is unacceptable for us collectors to clean a coin what makes it acceptable for TPG's to do this and then grade the coin without the mention of cleaning it. Don't these greedy buggers (TPG's) get enough cash out of collectors slabbing our coins without resorting to doctoring coins at $25 a pop if they don't do it and 4%of market value if they do? There are enough reasons why some people hate the slobbers without adding this Rat to the woodpile. It just seems that the TPG's have forgotten why they were accepted in the first place, To grade coins accurately and honestly to the benefit of collectors and install trust in their ability to fairly grade a coin impartially. This "restoration" aspect has taken this to a new level where they "Create "their own grades by omitting the fact that a coin has been cleaned. Crikey what are next grades for PMD and fake coins? A TPG is simply that A Third Party Grader (Impartial) Not a send em in an I'll scrub em and slab em for ya NO Worries mob. I was almost ready to accept slabbed coins and have confidence in them, now this comes up and that is enough to make me totally reject the idea once again. |
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Replies: 16 / Views: 3,602 |
Posted 11/27/2012 6:38 pm
