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 Replies: 14 / Views: 1,730 |
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Valued Member
United States
442 Posts |
I heard this story today and almost cryed when I heard it so I tell it to you.... I was at my local coin shop when I heard this... The coin shop owner said that a man came in wanting to sell 50 silver washingtons for spot silver price so they have him stack them in stacks of 10 after paying him they are going through them and find a Standing Liberty quarter in ms shape it was perfect except for some dirt on her toes so they send it to ngc and pay for them to do their cleaning service then grade it so when they get the coin back it looked different and on the holder it said improperly cleaned! After closer look and calling ngc back they found out that ngc sent it to a different company to clean it and all they did was dip it :( the coin shop complained and only got them to pay for the shipping... Then they showed it to me and that's when I really wanted to cry it was beautiful (except for being dipped) it would have grade AT LEAST ms-64 and possibly FH! :( so after that now I look differently upon ngc |
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Moderator
 United States
23522 Posts |
I can't help but find a whole lot to doubt in that dealer's story. For one thing, NCS, NGC's in-house conservation service, is as good as it gets. If they can't do it, it just can't be done and there is absolutely no need for NGC to "farm out" the work to some other company.
And since their first mission is "do no harm" so they don't put themselves on the hook for a damage claim on a coin possibly worth thousands of dollars, you can bet they'll refuse to touch one they have the slightest worries about.
Lastly, if you give me an MS64 coin and I decide it's a candidate for dipping (and I'm hardly NCS), I will dip it, you'll never know I did, and nobody will ever be able to prove it happened. Yes, you can overdip and ruin a coin, but you wouldn't characterize the result as "beautiful."
No disrespect is meant towards this dealer, but I don't believe his story for a minute.
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Valued Member
 United States
442 Posts |
I understand your points but this dealer took detailed photos of the coin before hand and after so you can definetly tell the difference and that the coin was over dipped and when I say beautiful I mean the coin before being dipped
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Bedrock of the Community
13014 Posts |
Well NGC is probably overwhelmed at the moment and do some odd things, but that said I agree with Dave. I get that he took pictures and having never met the dealer I have no idea what kind of person he was, but just because he took pictures didnt mean he didnt do anything after the pictures were taken hoping to get a better grade and pump up the value.
Neither NGC or PCGS will do anything in their cleaning service that they wouldnt slab themselves. Its possible the damage had already been done to the coin before they ever got it, but unless a mix up happened its also possible he tried to clean it up a bit.
Not to mention where exactly would they outsource the cleaning too anyway? Theres not exactly coin cleaning companies all over the place and I dont see them sending it to a dealer to act as their cleaning service
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Pillar of the Community
United States
2150 Posts |
Also a dip could remove toning hiding underlying scratches from a previous cleanings.
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Pillar of the Community
United States
5832 Posts |
I can't believe it either, why wouldn't NCS handle the restoration in the first place? It can be schedule to a later date before going back to NGC, usually they would post it online how long it wold take from the date it arrived and going through each channels.
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Pillar of the Community
United States
9792 Posts |
IMO NGC has really been slipping the past couple of years. I've unloaded almost all of my NGC coins that I had for trade, and try to steer clear of them even though I buy the coin not the holder. Just can't see why the ANA is so eager to stay in bed with them either. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Valued Member
United States
439 Posts |
I think the post says something about the dealer "finding" the standing liberty in ms64 condition AFTER the man has left the store. Typical dealer. You have to be careful with these guys. They only ever make mistakes in their favor.
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Valued Member
United States
84 Posts |
Why then would NGC pay for the shipping if the story is total BS? I think that if they thought they had done no wrong, even to pay for shipping would be absurd. NGC is probably recieving a thousand coins a day right now, not out of the realm of possibility to farm stuff out when you're getting overwhelmed. The only person to shed any eal light on a story like this would be an actual employee of the company.
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Pillar of the Community
United States
919 Posts |
These are strange times. Coin dealers offer low ball prices to people with cleaned coins. I hear it every time I go to my 3 local coin stores. Almost every thread on CCF says don't clean your coins. Then a dealer gets a coin with a little dirt on it and he sends it to be cleaned (I still don't see why the TPG cleaned coins are ok). Many contradictions in this hobby. I'm surprised nobody else is concerned with this whole process. Also, at my LCS they look at each Washington to make sure it is pre65. A SLQ would stand out. Maybe he saw it and tried to cheat the customer. Who knows. |
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Bedrock of the Community
United States
17884 Posts |
Quote:
NGC is probably recieving a thousand coins a day right now, Closer to five to seven thousand. Last I knew NGC was handling between 150K to 200K coins a month. And that has been awhile back. |
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Bedrock of the Community
13014 Posts |
Quote:
Why then would NGC pay for the shipping if the story is total BS? I think that if they thought they had done no wrong, even to pay for shipping would be absurd. NGC is probably recieving a thousand coins a day right now, not out of the realm of possibility to farm stuff out when you're getting overwhelmed. They may have felt that paying for that as a gesture of good will would result in future business from him, who knows. NGC is overwhelmed which has made them sloppy on some things but I just really cant think of anywhere they could farm it out unless they sent it to the PCGS service which I doubt. Theyre in business to make money if theyre shipping coins to and from others with the shipping and even a discounted fee it leaves very little room to make profit if any |
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Valued Member
United States
442 Posts |
he had the guy stack them in stacks of 10 and he just looked at the rims to tell if they were silver he said that because the guy said that he had washingtons that he didnt even bother to check but yea my LCS isn't very good with catching coins. I bought a 1892-s Barber dime from them for $2 once and last week I noticed a Shield nickel in the bargain box for $18 and I looked it over saw that it had a major die clash and becuase of karma I told them and they were all thankful I went in a week later and it was still in there for $18 so I looked it over again thinking that I was going to buy it and noticed that it was a over date but still I ended up spending the money on something else that night I got home looked it up in the RedBook and it was a 1883/2 valued acording to the RedBook at $250 in G condition which it was probably a little better than that |
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Valued Member
United States
442 Posts |
but alas I went in the next day I guess a little to late and it was sold :(
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Rest in Peace
United States
699 Posts |
I have a hard time believing this story, sorry.
NGC in house NCS conservation service is
without a doubt top flight - and I SERIOUSLY
doubt NGC would send any coin to any other
company for conservation. It just doesn't make
sense. Your dealer lied to you, plain and simple.
I would never go back to a dealer who had
intentionally lied to me.
SLQ's are a passion of mine and I also love them
with almost a Full Head without having to pay a
huge premium for the FH designation. Good luck.
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Replies: 14 / Views: 1,730 |
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Posted 12/04/2012 4:25 pm
