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Gotta Get This Off My Chest...

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trout1105's Avatar
Australia
7096 Posts
 Posted 04/04/2016  3:37 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
Buying a coin certified by a reputable TPG is still by far a lot safer option than relying on a dealer/sellers inflated and often ill informed opinion as to the grade and condition of a coin regardless of the odd blunder by a TPG grader.
Also there is a possibility that you may have inadvertently damaged the coin whilst it was in your album/folder as these coin storage systems can damage coins, especially the Whitman/dansco push in type.
Edited by trout1105
04/04/2016 3:38 pm
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jpbone's Avatar
United States
1959 Posts
 Posted 04/04/2016  3:47 pm  Show Profile   Bookmark this reply Add jpbone to your friends list Get a Link to this Reply
Hey, don't feel bad! Every one of us on this forum has made a few bad decisions. Nothing makes a learning curve sharper than making a mistake. It may not be your last either. Part of the coin collecting world.
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Pacificoin's Avatar
Canada
5400 Posts
 Posted 04/04/2016  4:08 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
I trust ALL of the services today as much as I do Politicians on both sides of the border. They pretty much spin things as they want to. Never Never Never Never and I mean Never buy the holder .Actually look at the coin and do due diligence.
Great discussion with a well respected US dealer colleague of mine............... Most people don't take the time to grade or even try to learn. This was his opinion and he is not far from the truth.
Even people who do this for a living cannot grade all series to perfection. Reason , the standards are always changing in lock step with the coin market. Weak market , tight strict technical grading. Strong wild market , loose as a goose market grading where your AU 55 cleaned early dollar is magically an MS62 blazer.
I worked on a farm one year as a young boy . The horses and cows droppings were easier to stomach than what the socalled graders shovel.
I am one for having the actual date graded being made mandatory on the holders. I strongly recommend the FTC look into it. With the date graded on the holder you could actually look up what the market was like at the time in question.
Rest in Peace
Buddy's Avatar
United States
7075 Posts
 Posted 04/04/2016  8:03 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply

Quote:
I am one for having the actual date graded being made mandatory on the holders. I strongly recommend the FTC look into it. With the date graded on the holder you could actually look up what the market was like at the time in question.


I like that idea. I also think the grader should have an ID number on the slab. Heck, I've bought everything from clothes to electronics and the product inspector had an ID number.
Valued Member
Afab67's Avatar
United States
156 Posts
 Posted 04/05/2016  08:55 am  Show Profile   Bookmark this reply Add Afab67 to your friends list Get a Link to this Reply
trout1105, just to emphasize again, I did not damage the coin removing it from the slab and NGC did not claim it was damaged. My surprise was that they said the coin was cleaned (which I certainly did not do) which was not a determination they made when the originally graded it.

Pacificoin, I think that is an excellent idea also.

Again, my thanks to everyone for their advice. This was quite an eye-opening experience.
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BH1964's Avatar
United States
10982 Posts
 Posted 04/05/2016  09:25 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
...I have rejected many slabbed "problem-free" coins because the coin was obviously NOT problem-free.


So have I. Dozens of times. The line between a market-acceptable cleaning and an improper cleaning is very muddy. There are thousands of examples of coins slabbed problem-free that have obviously been cleaned and/or dipped leaving their surfaces far from original. If re-submitted many of these coins would be graded "cleaned" today.

As much as I hate to say it when the big boys and high rollers of the hobby submit coins for TPG they get more breaks in grading than do guys like us.
ANA #R3154474
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Darth Morgan's Avatar
United States
2815 Posts
 Posted 04/05/2016  5:40 pm  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply

Quote:
I am one for having the actual date graded being made mandatory on the holders. I strongly recommend the FTC look into it. With the date graded on the holder you could actually look up what the market was like at the time in question.


Excellent idea!
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