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Gosh, I already had a poor opinion on grading companies, it's becoming worse and worse with time...
While we've pointed out a lot of grading company "issues", this is Krause's error, not NGC's - the latter is simply regurgitating the info. Nonetheless, it's there...
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as an example in Krause with Mexican War of Independence...
That's true, what they show can be misleading in not always specifying cast vs. regal struck host. To be fair, I think space constraints restrict the amount the amount of detail they can get into, which hurts for a complicated series such as that.
Quote:They are just graders and not really good at authentication of some issues... if Krause is all messed up where does this leave low paid NGC/PCGS workers validating these issues in
TPG's?
See, I can't accept that about the graders, though the source of the problem may lie more properly with the shot-callers rather than the rushed grunts... However, even the grunts are professionals... collectors and/or dealers who have built up enough experience with coins to qualify for such a position... AND it's the type of thing where you also get off-the-clock exposure to it (as a hobby/side gig). No, they can't know everything about every type of coin - but shouldn't you be aware of to look a bit more carefully at certain things in certain types of coinage (especially with a popular segment like Spanish Colonial).
I honestly expect a bit more out of grading companies for $20 a pop or whatever than out of a all-countries guidebook... though that's no excuse. Popular series, popular date, basic info... get it right.
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do I have to repeat the GIII ctmk CC8R Sheffield that sold for $1400 from the Eric P. Newman Collection sold by Heritage that was obviosuly a silver plate 8R from arm's length away!
There was simply no excuse for that piece, from any end (let alone the other couple there that were also CC, but a bit less obvious)... But yeah, that case is telling about the situation.
Posted 01/24/2014 04:18 am
