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Pillar of the Community
 United States
5953 Posts |
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Pillar of the Community
United States
882 Posts |
After looking at his feedback, I would assume he wouldn't do something so foolish.
I bought some PCGS slabbed 1920 wheat cents that said something like "Authentic Coin" or something. I actually dropped one and it fell apart even. Hmmmm?
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Pillar of the Community
United States
1984 Posts |
In all likelihood they're genuine; I think NGC bulk slabs coins without numeric grades for the shop-at-home-tv types.
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Pillar of the Community
 United States
5953 Posts |
If this is so then NGC have just dropped lower in my opinion... Next you are going to tell me PCGS does the same......
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Pillar of the Community
United States
1984 Posts |
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Pillar of the Community
United States
5953 Posts |
I am not sure if I should thank you HABIB my illusions are shattered about the so called two top TPGs. At least I am now better informed....
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Pillar of the Community
United States
533 Posts |
My first reaction is one that lowers my opinion of these TPG's. However, I suppose as long as they are accurate I don't have to buy anything I don't want. I like NGC because their standards for graded authentic coins is good in my opinion. If they want to make a few bucks for the "Shop-at-home" folks I don't really care as long as the slabs I'm after are still graded correctly and consistently. |
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Bedrock of the Community
United States
12437 Posts |
It is not just the Shop@Home types. Any bulk customer can have coins slabbed in this manner just as you can have your own pedigree on a slab if you submit enough coins at one time. Look at the Jules Reiver auction for gratuitous proof of that- I cannot think of a good reason to slab and pedigree inexpensive(<$200) and damaged coins other than to make money off the name. Granted, alot of serious coins were in that auction but so was alot of iffy stuff. I am sure that it is alot less expensive to only certify as MS instead of assigning a grade. Remember the Silver Eagles that were free from the Redbook- they were slabbed in a similar manner and I have received a Morgan silver dollar that was slabbed in a similar manner as an attendance prize at a coin show. Edited by biokemist6
10/18/2007 3:38 pm
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Bedrock of the Community
United States
14454 Posts |
That is correct, anyone can send in bulk coins and have them just graded Brilliant Uncirculated if they are not 65 or above. That is usually what they tell NGC to do, if they don't meet a certain grade just slap that stuff on there instead of a grade to save them money and if it is the minimum grade they want or above then put the grade on the slabs. I have seen numerous questions about these slabs on the NGC board before I came to this forum (simply because that was the only forum I really knew about and all I asked was questions in the "ask NGC" section). But if you look over there in the "ask NGC" section you will see some of the questions about these generic grade slabs
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Pillar of the Community
United States
7123 Posts |
I don't see the reason or the point to slabbing coins in this manner except to fool the public into believing something is special about the coin. Once again my opinion about TPG's and the worth of their opinion is justified ! By the way ,,I personally have no desire to read what NGC has to say about this practice. Metalman |
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Pillar of the Community
United States
1984 Posts |
You've got to have respect for something in order to lose respect for it.
Nothing from nothing leaves nothing.
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Posted 10/18/2007 06:28 am
