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TPG For Colonial Tokens

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New Member
RidgeWest's Avatar
Canada
34 Posts
 Posted 04/20/2016  10:48 pm Show Profile   Bookmark this topic Add RidgeWest to your friends list Get a Link to this Message Number of Subscribers
I was wondering how people here would rate the grading ability/results (ignoring cost) of the major TPG services with respect to accuracy and consistency for Canadian colonial tokens. Any opinions are appreciated.
Pillar of the Community
United States
840 Posts
 Posted 04/21/2016  11:36 pm  Show Profile   Bookmark this reply Add colonialtokens to your friends list Get a Link to this Reply
Most reputable TPG's are somewhat consistent.
It must be remembered that not all Canadian Colonial Tokens can be
graded according to the standards of decimal coinages.

True, the dies of some tokens, such as the St. George's and the Habitant's
were expertly manufactured and produced. Grading of these are similar to
that of normal decimal coinages.

Whereas, on most other tokens, the workmanship was highly substandard.
Some, such as the Tiffin's may appear VG to fine, but are actually MS.
On these, the lack of detail was not caused by wear, but by the inferior
workmanship of the die. The detail was never there in the first place.

Knowledge and experience are required in grading many of such tokens.

Another irony, some tokens were struck-over host coins. The host coins
were usually of very low grade. What grade should be provided an over-
struck coin when the over-strike is MS and the host coin is a good 04.

ugh.

doug
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Wade's Avatar
Canada
2781 Posts
 Posted 04/21/2016  11:38 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
Can I ask why you are looking at TPGs for tokens?

Its a pretty narrow market and TPGing isn't going to mean much in the end to a knowledgeable collector. Any who care about a rare variety vs a common issue probably don't need it validated by a third party. If it's a $1000 coin going to an online auction then maybe, and then it would depend on where you want to target the sale (Canada or USA).

The hardest thing about tokens is knowing the strike characteristics for each series, and while I can't tell you which TPGer is more knowledgeable in that department all I can reiterate is that in the end TPGing is for the arm chair quarterback type collector.

If all you want is a shiny holder I would suggest after market slabs. If you want expert advice just hang around here and soak up for FREE.

Bedrock of the Community
SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 04/22/2016  06:16 am  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
And... nothing is any better than 'Free' stay with us and learn a lot.
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RidgeWest's Avatar
Canada
34 Posts
 Posted 04/22/2016  09:15 am  Show Profile   Bookmark this reply Add RidgeWest to your friends list Get a Link to this Reply
Thanks for the responses.

Wade - My question arose from recent auction experience. I was not impressed with the work of the TPGs. I thought the auctioneers generally did a better job of grading the raw tokens relative to what I saw in TPG holders. Just made me wonder whether I was being overly critical when reviewing the TPG material.
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Wade's Avatar
Canada
2781 Posts
 Posted 04/22/2016  9:38 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
Could depend on the auctioneers as well. Some care about every piece they sell and some would rather just wave through anything that "isn't a real coin"

Being that decimals make up the vast majority of transactions I can almost understand why TPGs and auctioneers don't make the investment to really really educate themselves within this area.
But I guess in the end it's not worth the trouble. (too bad, personally I find these tokens far more interesting in designs and more challenging to understand than almost anything produced after 1858)

Of the (not many) tokens I've seen graded it seems like ICCS is on top of things more often that not. Same with PCGS.

Now, check out this NGC faux pas

ebay # 401096063727

How this got an AU designation I don't know.

To think someone paid for this opinion is mind boggling. To think someone might pay for this coin trusting this opinion is even worse.
Personally I would give this a VF30, corroded and harshly cleaned - and would value it at less than the shipping rate (no fault of the seller)





Edited by Wade
04/22/2016 9:43 pm
Pillar of the Community
Wade's Avatar
Canada
2781 Posts
 Posted 04/22/2016  10:18 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
I would like to add that your "not impressed with TPGs" might be relative to the particular series you were exposed to. Did something look over graded? or under graded?

As Doug pointed out, some these can fool a lot of knowledgeable (knowledgeable in other areas) collectors.

Below is a good example of a Bust and Harp that many might think to themselves VF30 at best, when in fact it is high AU.

TPG-For-Colonial-Tokens

Another 1820 Trade and Nav that looks badly worn, but these were so weakly struck (especially evident in the centers) that they always look F12 - even when they are AU

TPG-For-Colonial-Tokens


New Member
RidgeWest's Avatar
Canada
34 Posts
 Posted 04/22/2016  11:16 pm  Show Profile   Bookmark this reply Add RidgeWest to your friends list Get a Link to this Reply
That ebay example is something else. I guess if they missed the surface issues, an accurate grade would have been a lot to ask. It is hard to figure how that could get out the door at NGC.

My "unimpressed" comment was based on a general impression. However, my original post was spurred after looking at some PC Bk of Montreal front view lots. Certainly easier to grade than your picture examples or the series issues raised by Doug. Several times I would be satisfied with a lot as described and then the next lot would appear to be lower grade but TPG holdered as a higher grade - same token series and major variety - and you have reserves etc. based on those higher grades.

Pillar of the Community
United States
840 Posts
 Posted 04/23/2016  12:36 am  Show Profile   Bookmark this reply Add colonialtokens to your friends list Get a Link to this Reply
Wade

Great photos.
Concerning the NCG AU 50, I believe a technical grade of XF 40 would have
been more accurate. Sufficient detail remains to preclude a lower grade.
The Chest Strap is not completely merged with the pectoral muscles. A line of
demarcation exists betwixt the hairline and the face. The tops of the initials
have not merged into the ground, likewise with the tip of the Dragon's tail. The
reins across the Horse's Neck are not yet merged into the Neck. On the reverse,
the double borders of the quadrants within the Shield have not merged together.
Serriations are still evident in the Pineapples. The Anchor Rope Dots atop the
Battle Axe Handle, the Sword, and the Anchor Shaft have not completely merged into
the Handle, Sword, or Shaft. The fields are funky. From the photos I suspect cleaning,
but some porous planchets or rust may also be to blame.

Concerning the Bust and Harp...
AU 55. The Feathers within the Wing are distinct, as with the facial features. The Stems
of the Shamrocks are distinct. On the obverse, the brow, eye lids, nose, and lips are
sharp and distinct. Unfortunately, many at first glance observe the lack of detail of the
lower section of the hair and contribute this to wear and tear. For this lack of detail to
be attributed to wear is not consistent with the overall condition of the token. Wear has
uniform characteristics and is not isolated to a specific area of the token. This lack of
detail is not caused by excessive wear; this detail was lacking either from the die, the strike
or some other cause.

Likewise on the Trade and Navigation. This anomaly is found on all of this series. The absence
of central detail can not be attributed to wear as this wear is isolated and if wear, the remainder
of the token would shew evidence of excessive wear. The vertical water lines of the waves shew no
wear, likewise with the portholes, and ladders, and riggings, etal. The centre figure on the obverse
is notoriously devoid of detail. How can this be attributed to wear when the details (pebbles, etc))
of the ground not be affected. All beads and legends are crisp. Another AU 55. The last two were
"as struck," whereas the St. George does shew wear.

doug


Valued Member
priorpence's Avatar
Canada
148 Posts
 Posted 04/26/2016  5:06 pm  Show Profile   Bookmark this reply Add priorpence to your friends list Get a Link to this Reply
Many thanks Doug for sharing your knowledge, I have multiples of these 3 tokens and will look at all of them in a different light (as well as tokens in general) Your description of grade opinions was very educational, which at times I would like to see more of.
Pillar of the Community
United States
840 Posts
 Posted 04/26/2016  10:05 pm  Show Profile   Bookmark this reply Add colonialtokens to your friends list Get a Link to this Reply

More to consider.

Typically most wear first occurs to the rim and legend. The
rim is normally the highest in relief. The rim is designed to
protects the devices. Coins are normally picked-up by the rim
or edge. When carried in a pocket, what area readily contacts
the cloth. And it proves most difficult to pick-up a coin from
the centre.

With this in mind, we must re-focus our perspective and work from
the outside inward.

Concerning the TRADE AND NAVIGATION token, the rim shews little
evidence of wear. The beads are crisp and the legend is sharp.
Working inward, the outer devices are bold and strong. The
devices progressively weaken as continuing inward.

The weakness of the centre of the devices can not be attributed
to wear, but to the inferior workmanship of the die.

doug

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Wade's Avatar
Canada
2781 Posts
 Posted 04/26/2016  10:20 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
Doug,

you should write a book, if you haven't already.

I make notes about all the details you provide (token related) & all I can say is thank you for taking the time & passing on your knowledge.

cheers
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