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How Can Something Like This Get Straight-Graded?

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Bedrock of the Community
numismatic student's Avatar
United States
11899 Posts
 Posted 05/10/2020  6:11 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply

Quote:
I think maybe I come at this different than most. I've been collecting coins since I was 8, yes that's 50+ years. I've never come into this with the idea of profiting from the hobby. Truthfully, I collect coins because I'm intrigued by the history of the coin. Where has it been, who might have held it and so on. While, like everyone else, I always try to purchase the coin in the best condition I can find it, whether raw or slabbed I'm most interested in the coin itself. Do I have details coins in my collection, you betcha, because what's more important to me is the history of the coin, I don't mind if there is a scratch on the coin. Do I like that, well of course not, but if it is a coin that fits into my collection and I'm intrigued enough by it then I'll purchase it. Do I have coins that are cleaned in my collection, of course, tell me who doesn't. Unless of course that is the style of collecting you enjoy.

Look folks, coin collecting should be fun for everyone no matter the type of collecting you pursue. This thread has many different and valid opinions. My opinion won't match everyone's but it's my opinion and it's valid. This coin was graded as market acceptable. Simple as that, at least for me. Would I purchase it? Well that depends on whether I need it for a slot in my collection. So yes if I need it and the price is right, or no if I don't need it. Buy the coin not the slab? For me, of course! For my collection it's about the coin and not the slab but if it comes in a slab great!

What this means is I probably have lots of coins in my collection that a good many of you would never purchase. Same holds true for me and your collections... That's the JOY of collecting coins. Okay, I'll go back into my little corner of the coin collecting world and count my wheat cents again.... Happy day to everyone...


Hear, hear.

Unfortunately the coin collecting world is filled with those who know the correct and only way to collect coins. And usually, they are never wrong. They never learn anything new because they already know it all. Somehow they never realize that I'm putting together my collection, not theirs.
Pillar of the Community
Numis-Northerner's Avatar
Canada
857 Posts
 Posted 05/11/2020  11:23 am  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply

Quote:
. I think maybe I come at this different than most. I've been collecting coins since I was 8, yes that's 50+ years. I've never come into this with the idea of profiting from the hobby. Truthfully, I collect coins because I'm intrigued by the history of the coin. Where has it been, who might have held it and so on. While, like everyone else, I always try to purchase the coin in the best condition I can find it, whether raw or slabbed I'm most interested in the coin itself. Do I have details coins in my collection, you betcha, because what's more important to me is the history of the coin, I don't mind if there is a scratch on the coin. Do I like that, well of course not, but if it is a coin that fits into my collection and I'm intrigued enough by it then I'll purchase it. Do I have coins that are cleaned in my collection, of course, tell me who doesn't. Unless of course that is the style of collecting you enjoy.

Look folks, coin collecting should be fun for everyone no matter the type of collecting you pursue. This thread has many different and valid opinions. My opinion won't match everyone's but it's my opinion and it's valid. This coin was graded as market acceptable. Simple as that, at least for me. Would I purchase it? Well that depends on whether I need it for a slot in my collection. So yes if I need it and the price is right, or no if I don't need it. Buy the coin not the slab? For me, of course! For my collection it's about the coin and not the slab but if it comes in a slab great!

What this means is I probably have lots of coins in my collection that a good many of you would never purchase. Same holds true for me and your collections... That's the JOY of collecting coins. Okay, I'll go back into my little corner of the coin collecting world and count my wheat cents again.... Happy day to everyone...



Quote:
. Hear, hear.

Unfortunately the coin collecting world is filled with those who know the correct and only way to collect coins. And usually, they are never wrong. They never learn anything new because they already know it all. Somehow they never realize that I'm putting together my collection, not theirs.


I agree with what the two of you are saying, but I fail to see how this has anything to do with the coin at hand.
There is nothing wrong with buying a details coin, but do you want to buy a straight graded coin only to find out it's damaged? Especially when some folks seek out NGC and CAC certified coins as an assurance against getting a details coin.

When entities such as NGC and CAC are marketed as a way of being able to buy coins sight unseen, it's reasonable that something like this would concern collectors.


Quote:
. I've never come into this with the idea of profiting from the hobby


Most don't, but some people end up doing this as a living, so this might not be as big an issue to you, but if someone sold this coin sight unseen, there is a good chance it would be returned.


Quote:
. coin was graded as market acceptable. Simple as that


So we should ignore when two grading entities straight grade obviously damaged coins?


Quote:
. Buy the coin not the slab? For me, of course!


That's a good way to collect . But some people only buy the coin, because they see the grade and assume it's got to be accurately graded, some people literally won't argue CAC's opinion, as if it's some sort of gospel. But when that collector learns that buying a coin based largely on the TPGs opinion isn't a great idea, they will likely be disappointed and feel a bit ripped.


Quote:
. Unfortunately the coin collecting world is filled with those who know the correct and only way to collect coins. And usually, they are never wrong. They never learn anything new because they already know it all. Somehow they never realize that I'm putting together my collection, not theirs.


Again, really don't see what any of this has to do with the coin at hand. I get people collect differently, doesn't change that NGC and CAC put an obviously details coin on the market as a "premium quality VF-30" when it should have been a VF details, and now if someone buys this coin sight unseen, they're either going to return it, bad for the seller, or they're gonna wish they had seen what it really looked like before buying, bad for the collector.
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