| Author |
 Replies: 56 / Views: 11,806 |
|
Pillar of the Community
Australia
599 Posts |
Watch your top knot
Edited by echidna
07/27/2017 05:38 am
|
|
|
|
Pillar of the Community
United States
946 Posts |
Funny you mention PCGS. I was just at my LCS a couple of days ago and was having a conversation with him about the inconsistency's of the TPGS. He sent in a coin to get graded,came back in a details slab,cracked it out sent it back and it came back in a 64 slab. This is why I told him "I buy the coin,not the slab" he totally agreed. This is a good time it seems like for everyone to hone up on their grading abilities to better themselves as numismatics. We certainly know the TPGS cant do it. So someone has too.
|
|
Pillar of the Community
Australia
908 Posts |
Not a good result for the TPG advocates |
|
Pillar of the Community
 Canada
5391 Posts |
In all fairness the AU 58 grade is a bit of a puzzle. Over time I have re subbed numerous slab bed (not just PCGS) AU 58 coins and they have come back anywhere from 62 to 64. It is all part of a great plastic game,where you win some and you lose others. The best solution is really learning what to look at and grade for yourself. Buy the coin and not the holder is the best advice.
|
|
Pillar of the Community
United States
1911 Posts |
The only way I would ever use a TPG is to authenticate an older, rarer coin or possibly an error. Just for a grade though... not unless the difference is thousands of dollars. :P |
|
Pillar of the Community
United States
604 Posts |
It sure looks like the same coin only with different lighting.  |
|
Valued Member
Australia
444 Posts |
you want to talk about inconsisentcy then please talk about raw coin dealers , when I started sending coins to PCGS I SENT A submission of my most prized coins bought from reputable ANDA members all these coins were bought in good faith as GEM OR CHOICE UNC , well guess what people out of my first submission of 25 coins only 10 came back in MS grades the other 15 were body bag or AU GRADED COINS , so I then went back to where I bought the dud coins from to get my money back and guess what people I was told in no uncertain terms to f**k off and yet in the once or twice PCGS made an error on a coin I had bought from someone else they refunded my money and made good on their return / guarrantee policy , SO ECHIDNA RAW COIN DEALERS ARE THE JOKE AND TRY GETTING A REFUND FROM ONE AND SEE WHO HAS ALTERIOR MOTIVES
Edited by PNC king
08/05/2016 12:24 pm
|
|
Valued Member
Australia
222 Posts |
Dealers and collectors can make money by estimating the PCGS grade of a raw coin, having it certified by PCGS, and selling it for a profit, on average. This is only possible because PCGS' grading standards are on average predictable - and therefore consistent.
However, PCGS is not perfect. While it's easy to point out exceptions such as your coin, echidna, it's also important to remember that there are thousands of other coins that (re)grade consistently.
Ultimately, PCGS is not a perfect system. It is, however, the best that we have at the moment, in my opinion, and until something else comes along that is even more consistent (computer grading perhaps), we have to stick with PCGS.
Eric
Edited by Eric
05/02/2015 09:36 am
|
|
Valued Member
Australia
102 Posts |
Funnily enough, I think the AU-58 the first time was correct and the MS-64 isn't. If this is the case, you have now got a coin worth more than it should be so I personally wouldn't be complaining about it to much.
Edited by tella
05/05/2015 02:29 am
|
|
Pillar of the Community
Australia
908 Posts |
|
|
Pillar of the Community
 Australia
599 Posts |
The 26 looks better than 58 to me.
Watch your top knot
|
|
Pillar of the Community
Australia
852 Posts |
Some coins are choice and could make MS64 or higher except that a minor hint of something has to make the graders wonder is it minor damage from bagging or banging around the mint such as dropping down chutes into hoppers where the damage isn't due to circulation (thus MS) or minor damage from minimal circulation (AU grade). A knife edge for some coins.
|
|
Valued Member
Australia
145 Posts |
''OOOOPS'' Someone pressed the wrong button. PCGS say the coins are graded by two people and if the coin has a different grade from each person it gets graded by a third person. How can it be that two people grade first AU58 then MS64?
|
|
Pillar of the Community
Australia
599 Posts |
I personally don't believe that two people always look at every submission.
For high priced items yes of course.
For "economy" submissions I reckon one grades and the other just ticks the box.
Watch your top knot
|
|
Pillar of the Community
Australia
541 Posts |
Echidna, even on bulk I know they do the 2 people + 1 (if disagreed) to view it. I doubt they'd get lazy on economy submissions considering they do it for bulk.
Grading can't be perfect, there's a lot of subjectivity to it, particularly around the 58/MS border, what constitutes circulation wear or wear acquired during manufacture is subjective - I've even seen cases where all three of their graders came back with a different grade.
|
|
Valued Member
Australia
444 Posts |
one thing that is guaranteed is that all raw coin dealers call a coin CHOICE UNC and PCGS grade it as AU 58 , and here lies the deception and business model of RAW COIN DEALERS in australia
|
| |
Replies: 56 / Views: 11,806 |
Posted 04/30/2015 07:32 am
