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Any References Or Experiences With Mintcitycoin TPG Company?

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arianzo's Avatar
Canada
2124 Posts
 Posted 01/13/2014  4:19 pm Show Profile   Bookmark this topic Add arianzo to your friends list Get a Link to this Message Number of Subscribers
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Pertinax's Avatar
United Kingdom
2133 Posts
 Posted 01/13/2014  4:32 pm  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply
The seller states specifically that if it says "MINTCITYCOIN2013" then it is the seller's grading.

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chequer's Avatar
Canada
4227 Posts
 Posted 01/13/2014  5:10 pm  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
I especially like their EF30 graded silver dollar

http://www.ebay.com/itm/CANADA-1935...08334&_uhb=1
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/13/2014  8:31 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
That's not a "TPG;" it's a guy encasing coins in plastic at his kitchen table. I don't know if this seller's items are listed on ebay Canada and just ported to ebay US, but if they're on ebay.com he's expressly breaking the rules by listing a numerical grade from an unauthorized TPG in the auction title.

"EF30" indeed.
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arianzo's Avatar
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 Posted 01/13/2014  9:06 pm  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply
Yeah, I know is the same guy who grade and sell the coins but who knows, maybe PCGS or ANAC started like that...

My real question was if someone has bought his coins so could determinate if the guy is grading properly, if he's fair, consistent, etc.
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SsuperDdave's Avatar
United States
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 Posted 01/13/2014  9:21 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
My real question was if someone has bought his coins so could determinate if the guy is grading properly, if he's fair, consistent, etc.


It would be unfair of me to comment on that since I don't have any information. My default opinion would be pessimistic, though, especially if the relevant coin was valuable in the grade given.
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basebal21's Avatar
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 Posted 01/13/2014  9:54 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I wouldnt even look at his grades. I would treat them as a raw coin. Id look at them grade them myself and then check his price and see if that lines up in the ball park of my grade if I was going to buy something like that.

Im assuming thats a commoon quarter given the price of the listing, if so I honestly wouldnt even bother with something like that since it shouldnt be hard to find another.
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arianzo's Avatar
Canada
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 Posted 01/13/2014  10:30 pm  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply
Yeah basebal21 but for example. You've feedback 433 and this guy has 100% positive 145 feedbacks and all these 145 are selling their slabbed coins. So, how do you explain that? There is so many people that buy coins without any kind of knowledge or maybe he's doing something right to a certain point?
http://feedback.ebay.ca/ws/eBayISAP...backAsSeller
Edited by arianzo
01/13/2014 10:32 pm
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SsuperDdave's Avatar
United States
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 Posted 01/13/2014  10:32 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
There is so many people that buy coins without any kind of knowledge or maybe he's doing something right to a certain point?


The former is by far the more likely. That would be more clear if you'd had to tell as many people as I have over the last 6 years, that they've just thrown away a bunch of money.
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chequer's Avatar
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 Posted 01/13/2014  10:36 pm  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply

Quote:
I wouldnt even look at his grades. I would treat them as a raw coin.





Quote:
Yeah basebal21 but for example. You've feedback 433 and this guy has 100% positive 145 feedbacks and all these 145 are selling their slabbed coins. So, how do you explain that? There is so many people that buy coins without any kind of knowledge or maybe he's doing something right to a certain point?


You answered that yourself when you said so many people buy coins without knowledge. It's possible they don't know whether the grade is accurate or inaccurate, as with the notorious asny's customers (or many of them). Looking at his material, (the seller from the OP) the grades don't look ridiculous based on the photos, but you'd really need to see them in hand to know for certain.
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basebal21's Avatar
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 Posted 01/13/2014  11:07 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
There is so many people that buy coins without any kind of knowledge or maybe he's doing something right to a certain point?


It very well could be that a lot of people dont know what theyre buying thinking its a big grading company like superdave said. Some probably are people who agree with the price for the coin making up their own mind as well.

He doesn't appear to be going to the extreme that SGS does calling everything a 70, but their grading disclaimer in their listings doesn't exactly inspire confidence.


Quote:
ALL GRADES ARE TO BE LOOKED AT AND YOU JUDGE FOR YOURSELF. THESE GRADES ARE EITHER OUR OPINION, ICCS, PCGS,NGS, OTHER KNOWN AND UNKNOWN DEALERS, IT COULD BE A DEALERS OPINION WHO WE PURCHASED THE COINS FROM, A CONSIGNMENT ITEM GRADED BY THE PERSON WHO BROUGHT IT IN ON CONSIGNMENT, AND SOME WE JUST DO NOT KNOW WHO GRADED THEM


If it was Rick Snow grading Indian Head cents Id have a different opinion, but since it doesn't appear to be anything like that it just has to be treated as a basement slabber. Theres a reason why ebay stopped allowing basement slabbed coins to be listed the same as the reputable ones in the US.
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arianzo's Avatar
Canada
2124 Posts
 Posted 01/14/2014  8:36 pm  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply
Thanks for your comments guys!
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Conder101's Avatar
United States
17884 Posts
 Posted 01/15/2014  2:27 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Thank you for pointing it out. I hadn't heard of it and now I have one for my reference set. (Will probably go in the Miscellaneous section.)
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