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 Replies: 27 / Views: 2,865 |
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Bedrock of the Community
United States
94367 Posts |
Spot on.  Edited by Coinfrog
01/07/2017 9:56 pm
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Bedrock of the Community
United States
12057 Posts |
Quote:
Tough to miss who's coins you are grading when the label going into the holder says Stack's and has a picture of their storefront. The coins are graded well before the label is printed or applied to the holder. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
 United States
11888 Posts |
https://www.NGCcoin.com/coin-gradin...x.aspx#videoAccording to this video explaining the NGC grading process, a final NGC grader and quality control specialist have final say on the grade of the coin after the coin has been labeled and slabbed. That seems like a wide open door for bias to influence the grade, as this grader is looking at a label that identifies the submitter. They explicitly tell you the process isn't as blind as they claim. That part of the process is described here: Quote:https://www.NGCcoin.com/coin-gradin...hipping.aspxAfter encapsulation, the next step in NGC's coin grading and certification services is to return all coins to the Grading Department for final inspection. An industry professional examines each encapsulated coin to make certain the grade and its accompanying descriptive information is correct on the label.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
01/07/2017 11:59 pm
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Valued Member
United States
130 Posts |
Quote:https://www.NGCcoin.com/coin-gradin...x.aspx#videoAccording to this video explaining the NGC grading process, a final NGC grader and quality control specialist have final say on the grade of the coin after the coin has been labeled and slabbed. That seems like a wide open door for bias to influence the grade, as this grader is looking at a label that identifies the submitter. They explicitly tell you the process isn't as blind as they claim. That part of the process is described here: That would still require them to change the grade when it comes back. Just because they know the grade after the fact doesn't mean they graded it high the first time. Now, obviously it does create additional risk that the coin could be sent back to be graded again, but that still doesn't necessarily result in higher grades (unless the grade finalizer can unilaterally change the grade and get it reslabbed, which would be a very terrible business practice for security reasons). Edited by PAC
01/08/2017 01:16 am
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Bedrock of the Community
United States
11888 Posts |
I think the point is that there is a claim that NGC graders perform their work on a blind basis without knowledge of who the submitter is in order to eliminate bias. We know that during the portion of the grading process that occurs after the coin is slabbed, this is not the case. Because NCG decided it was good for business to place their customer's brand on the slab, they have undermined their own procedures to ensure grading impartiality.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
01/08/2017 09:07 am
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Pillar of the Community
 United States
5672 Posts |
Seems unlikely that a quality control person would send a coin back for regrading because they saw a collection name on the label. More likely it was common knowledge on the grading floor that they were grading a huge inventory from Stack's.
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Pillar of the Community
United States
4592 Posts |
With over 10m coins in the 'collection' of course it was well known when buckets of crud showed up. And the benefit of the rose colored glasses and the hang-over cure/hair of the dog too.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Bedrock of the Community
United States
11888 Posts |
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
12057 Posts |
Do not confuse toning with staining. The coins above have been chemically altered by way of some substance which was applied to or spilled on them, resulting in severe discoloration. Highly dilute acid rinses are a likely suspect in both cases, a result of previous attempts to remove heavy toning or other undesirable color.
Using sulfur cremes, acid rinses, and improper or contaminated dips will result in staining in many cases.
Staining is not usually associated with corrosion. Unlike toning, which can often be chemically removed, staining cannot be removed from the coin's surfaces -- it is permanent.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Valued Member
United States
294 Posts |
Send it to PCGS and it will definitely come back ungraded.
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Rest in Peace
United States
17900 Posts |
I'm thinking a couple folks on here should apply for jobs at NGC so they can straighten NGC out.
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Valued Member
United States
321 Posts |
Stack's 57th. I'm not surprised.
So many ugly coins that if not submitted under the Stack's 57th label would be problem coins.
Edited by Omegaraptor
01/08/2017 9:11 pm
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Replies: 27 / Views: 2,865 |
First Page
Posted 01/07/2017 10:21 pm
