What Explains The Labels On These Multi-Holders?

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Author	Replies: 5 / Views: 1,578
mlov Valued Member United States 156 Posts	Posted 07/01/2017 9:38 pm Who labels these things? Take a look at the labels on these graded multi-holders from Numismatic Guaranty Corporation (NGC). Each of these multi-holders contain the coins from a 1998 Bank of Korea mint set. One of them is labeled, "1991 and 1998 Coins," another is labeled, "1998 Mint Set," and yet a third is labeled, "Six Piece Type Set." I may understand "1998 Mint Set," since that's what it is, so that's what it should be labeled; or maybe even "1991 and 1998 Coins," because... well, that's what's inside the holder (and the original mint set packaging). But what is this "Six Piece Type Set" baloney? Huh? Help me understand how NGC could have three different labels for the same mint set, which is what the multi-holder is offered for in the first place, I believe. https://www.youtube.com/watch?v=Cfy...S-BX6dxf1zLl https://rumble.com/v4308uh--korean-...-guide-.html Edited by mlov 07/01/2017 9:39 pm Report this Post to the Staff

UltraRant Pillar of the Community Norway 1358 Posts	Posted 07/02/2017 5:23 pm I do believe that it's the grader who also makes the label, so I guess that he or she is to blame for anything 'weird' in the description. Having said that, I honestly can't find anything that's definitively wrong here, just some different names than probably expected. Anyway, keep in mind that Americans have absolutely no affinity at all with anything that's not American, or generally referred to as 'world coins'. So that probably explains a lot already: I assume that the grader of the third set had no clue of which coins can be found in a South Korean type set / Mint set. For what I know, work pressure at NGC is pretty high and time to do research, especially on such coins, is very limited. Apparently even reading the original package is too much asked, if they were sent in that for grading. Report this Post to the Staff
mlov Valued Member United States 156 Posts	Posted 07/03/2017 10:34 am http://goccf.com/t/291521#2478361 Thanks for your kind response. I had sort of guessed much of what you say here. However, NGC should be a little bit more interested in World Coins, since they are the ones that have better specialized in world pieces than PCGS has. Most world coin collectors who do grade their coins with a U.S. TPG seem to prefer NGC. I know the Koreans do... Cheers. https://www.youtube.com/watch?v=Cfy...S-BX6dxf1zLl https://rumble.com/v4308uh--korean-...-guide-.html Report this Post to the Staff
gxseries Pillar of the Community Australia 3831 Posts	Posted 07/05/2017 07:28 am I guess it comes down to perception. Some graders may be aware what genuine mint sets may look like. Some can only guess that it may be non-official. Honestly though, with some of the official South Korean mint sets, having different years of 1 and 5 won coin would throw a lot of collectors out. (First pic) Lastly I think we cannot discount the fact that a mint set may have been broken up and then submitted, hence representing the last picture. My partial coin collection http://www.omnicoin.com/collection/gxseries My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month. Report this Post to the Staff
PatAR Valued Member United States 262 Posts	Posted 07/05/2017 11:24 am An interesting phenomenon to be sure. I feel compelled to point out that the submitter bears some responsibility as well. I would suggest that the labeling may have originated from the submitter or from a lack of information supplied by the submitter leaving the TPG to guess what they were looking at. Because all TPG personnel are pressed for time, I make a point of providing the identification and a direct citation of the relevant reference book or actual photo of an auction catalog page, etc to prove that my classification is accurate. Having done this I have received my NGC holdered medals with precisely the correct labeling every time. Admittedly this takes much more time to submit, but is worth it to me. Hope this is helpful. Report this Post to the Staff
999fine Pillar of the Community United States 1346 Posts	Posted 07/05/2017 12:16 pm patAR: very good point. Report this Post to the Staff
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