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 Replies: 10 / Views: 3,432 |
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New Member
United States
38 Posts |
I feel I have to continue my crusade against this company as they are nothing but frauds, my latest example gives you an idea just how bad they are. I bought a few months ago a so called Numistrust 1891 Morgan graded MS65, I bought it from ebay as the price paid was nowhere near MS65 value, as a lot if these coins are. I had a voucher for some PCGS free grades (8 coins for Platinum membership) and I cracked it and sent it off with some others I had, I didnt really examine the coin as I was going to send it regardless to see how it would stack up, most opinions are that these companies grade 2-3 grades higher, I got a batch of my coins back from PCGS yesterday and guess what this came back as.... Damaged... Tooled around Eagles head! Not what I was expecting but somehow not surprising either |
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New Member
 United States
38 Posts |
I meant to add
I am preparing an email which I will send to their customer service for an explanation of the difference, I am sure I will hear back the standard... grading is subjective blah blah
I will post it when I get it
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New Member
United States
38 Posts |
I have purchased 2 coins from this company and had both regraded, with the intention of trying to see how their service compares with the big 4 it seems that people are of the opinion that they grade anywhere between 1-3 points higher, my post was intended to show that they will also give mint state grades to damaged coins, I dont think the other companies need my help in being promoted as they own the market when it comes to coin grading. PCGS is always increasing turnaround times due to excessive demand
I have no personal crusade I was merely using poetic license, as I said my post was intended to let people know that they run the risk of buying not only overgraded coins but damaged ones also.
if this is common knowledge to everyone here then I apologise for wasting peoples time
Edited by smcc3573
10/01/2005 10:45 am
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Rest in Peace
United States
2884 Posts |
smcc3573, Thank you very much for sharing this information. I think it is important to help others by letting them know what you experienced. Not everyone knows that there are crooked TPG's out there.You are not wasting anyones time. Thanks for the update and keep us posted. Mike  |
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Pillar Of The Community
3147 Posts |
I can go one better! My dealer packaged and submitted a coin of mine (we were all present) to Numistrust and they SWITCHED coins on me! I sent the most heavily doubled reverse on a Morgan dollar I have ever seen. I got back an outstanding MS-64 Morgan dollar, the same date and mint mark, but IT was not the coin I submitted. I had no photo, only willing individuals who were present to testify should I need them, but in the end the cost was far more to proceed so I gave them a piece of my mind and let it go. Needless to say, I have no love for them and would like to see their business come crashing to bankruptcy! Still like to have my Morgan back! |
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Rest in Peace
United States
2684 Posts |
quote:
Originally posted by crystalk64
I can go one better! My dealer packaged and submitted a coin of mine (we were all present) to Numistrust and they SWITCHED coins on me! I sent the most heavily doubled reverse on a Morgan dollar I have ever seen. I got back an outstanding MS-64 Morgan dollar, the same date and mint mark, but IT was not the coin I submitted. I had no photo, only willing individuals who were present to testify should I need them, but in the end the cost was far more to proceed so I gave them a piece of my mind and let it go. Needless to say, I have no love for them and would like to see their business come crashing to bankruptcy! Still like to have my Morgan back!
This is the first I've heard of blatant theft of the part of NTC. Until now, they were just another near-fraudulent TPG which took advantage of peoples' ignorance by overgrading coins for the ebay market. Perhaps as this fall's efforts get into gear, we should take a closer look at NTC. Does anyone else have any examples of criminal activity at NTC beyond routine over-grading? |
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Pillar Of The Community
3147 Posts |
I can tell you one thing----I was absolutely furious and so was my dealer. It took days for me to accept the fact the Morgan was gone forever and, even today, it makes my blood curl. If you could have seen all the doubling on 3/4 of the reverse of that Morgan you would understand as I found it amazing that Morgan dollar ever left the Mint and even then I couldn't beleive my luck when I stumbled on to it! I suppose some rich collector owns it now as it was really a keeper if I have ever saw one! |
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Rest in Peace
United States
2684 Posts |
Terry, it is most unfortunate that you didn't take a picture of it before you sent it in. Still, it sounds like a unique-looking coin that may be readily identifiable and for which numismatists should watch. There's several lists of stolen coins on the internet (do a Google on stolen coins), but I have no experience in this field and I have no idea which might be most effective. I also do not know if the ANA maintains a list of stolen coins. However, it might be to your advantage to contact someone with the Morgan's description. You just might get lucky. Or maybe you've already reported it as stolen? Good luck! Fred |
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Valued Member
United States
363 Posts |
I was going to say it was probably just one dishonest grader of the graders the company employs who pocketed it, but then I thought: why am I thinking that this company actually employs competent graders? There's probably just one scam artist behind the whole thing!
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Rest in Peace
United States
2684 Posts |
quote:
Originally posted by adobero1
I was going to say it was probably just one dishonest grader of the graders the company employs who pocketed it, but then I thought: why am I thinking that this company actually employs competent graders? There's probably just one scam artist behind the whole thing!
Any reputable grading company would have employees with the most impeccable credentials and whose integrity is so far above reproach to put them at the level of angels. I don't think we'll ever hear about such an incident with PCGS, NGC, ANACS, nor ICG; a single such occurrence would literally drive them out of business. Further, despite Numismatrust's claims to integrity on its website, http://www.numistrust.com/ and its general tendency to overgrade, it appears that it has now crossed the boundary from a somewhat questionable company into illegal operations. This must cease. |
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Valued Member
United States
187 Posts |
Terry, even if you know for a fact your coin was placed in the mail to and received by NTC, I still wouldn't say that NTC as a company stole the coin. My suspicion is directed at the person working at NTC that was the first to open the package with your coin. And if not that person, the first to recognize the reverse. Are you the one who took your coin to the post office and mailed it?
Jerry
edited to add: Has anyone ever crossed a NTC coin to a PCGS holder. I've never even heard of anybody being able to do it.
Edited by Twentycent
10/02/2005 11:00 pm
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Replies: 10 / Views: 3,432 |
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Posted 10/01/2005 10:40 am
