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Another Grossly Overgraded Coin From A US TPG............

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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 10/22/2016  05:30 am Show Profile   Bookmark this topic Add doubleeagle59 to your friends list Get a Link to this Message Number of Subscribers
With all the recent ICCS bashing lately and I must admit, justifiably so, I wanted to add an NGC graded Canadian large cent.

They have the variety correct, but please make note of the au50 grade and have a look at the coin.......Holy Cow!....if all my au50's looked like that, all I would have is a junk bin.

Bottom line is, know how to grade!!



Another-Grossly-Overgraded-Coin--From-A--US-TPG............

Another-Grossly-Overgraded-Coin--From-A--US-TPG............
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Canada
5585 Posts
 Posted 10/22/2016  07:42 am  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
Wowsah ... only at least 25 pts too high.
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Everest's Avatar
Taiwan
606 Posts
 Posted 10/22/2016  08:14 am  Show Profile   Bookmark this reply Add Everest to your friends list Get a Link to this Reply
I think along with knowing how to grade it is very important to understand how
each TPG grades. It is a completely different story when TPG's straight grade
problem coins and counterfeits.
As for the pictured coin I believe Stevie Wonder would have done a better job.
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kanga's Avatar
United States
5825 Posts
 Posted 10/22/2016  08:24 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
US grading standards are about ½ to 1 grade higher than Canadian standards.
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 10/22/2016  10:24 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply

Quote:
US grading standards are about ½ to 1 grade higher than Canadian standards.


Really? I pegged her at VF-30 before I saw the slab.
Edited by TypeCoin971793
10/22/2016 10:25 am
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Canada
1461 Posts
 Posted 10/22/2016  11:31 am  Show Profile   Bookmark this reply Add TheCoinHunter to your friends list Get a Link to this Reply
Yes but at least it's real. I have to agree that NGC hasn't always done the best job at grading accuracy. Clearly this is a VF30 coin even though 58's are notoriously softly struck. I do object to painting either one of the US TPG with a broad brush of grading exaggeration. I have (had) numerous examples of cross grades to ICCS at par or within a grade (even at mid grades where most of the problems occur). Here is a PCGS graded 58 in AU. http://www.ebay.com/itm/Canada-1858...152262681381

Here is an EF40 http://www.ebay.com/itm/1858-Large-...302028144804

I can go though ICCS flips and present grading atrocities as well...
Edited by TheCoinHunter
10/22/2016 11:36 am
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SPP-Ottawa's Avatar
Canada
10456 Posts
 Posted 10/22/2016  1:25 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply

Quote:
I can go though ICCS flips and present grading atrocities as well...


Undoubtedly!! Your 1914 10-cent its still hard to believe...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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Canada
1505 Posts
 Posted 10/22/2016  3:29 pm  Show Profile   Bookmark this reply Add purelywasted to your friends list Get a Link to this Reply
Is this a place you could use their guarantee? This is a coin where it is fairly clear that it is over graded and there will be many examples of properly graded 59's to compare it with.

Maybe time to test their guarantee?
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AgHoarder's Avatar
Canada
818 Posts
 Posted 10/22/2016  9:38 pm  Show Profile   Bookmark this reply Add AgHoarder to your friends list Get a Link to this Reply
I know almost every single 1921 5 cent is over-graded (even ICCS) but this just takes the cake: PCGSVF30 at the November Torex auction

http://cnc.forwardsim.com/images/tm...img39122.jpg
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Canada
1442 Posts
 Posted 10/22/2016  10:34 pm  Show Profile   Bookmark this reply Add canadian-varieties to your friends list Get a Link to this Reply
"1921 5 cent is over-graded (even ICCS) but this just takes the cake: PCGSVF30 "

F15
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Wade's Avatar
Canada
2781 Posts
 Posted 10/23/2016  12:31 am  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
can only speak for colonial tokens...

but NGC makes Asyn look good...

easily 20+ points off the mark in most cases & corrosion issues often not noted.
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