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1894 IHC Grade Vs TPG

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Optimist-numismatist's Avatar
Canada
683 Posts
 Posted 08/13/2018  01:58 am  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list Get a Link to this Reply

Quote:
. No it's not. PCGS CAC grading opinion overrides forum comments based off a static picture that isn't even that great. Not all opinions are equal


Fair enough. However if the photos are accurate (meaning if what appears to be wear is actually wear) then it is over graded.
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IndianGoldEagle's Avatar
United States
36746 Posts
 Posted 08/13/2018  12:26 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Those that buy a coin based on a TPG holder do so at their own peril. I've seen far too many coins over graded (in hand) by TPG's. They are human and not always correct either.
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scopru's Avatar
United States
5029 Posts
 Posted 08/13/2018  2:32 pm  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply

Quote:
Those that buy a coin based on a TPG holder do so at their own peril. I've seen far too many coins over graded (in hand) by TPG's. They are human and not always correct either.

True words right there.

txgolfer - I would love to see some better photos if you were able to take some. Based on the pics you provided Au58 is a fair grade. The grade you gave and a CAC are not representative of the photos you shared. Either way for me though it is a beautiful coin in my mind.

Edited by scopru
08/13/2018 2:33 pm
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SilverDollar2017's Avatar
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8715 Posts
 Posted 08/13/2018  2:35 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
txgolfer - better pics with stronger lighting will help.
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basebal21's Avatar
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 Posted 08/13/2018  2:54 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I've seen far too many coins over graded (in hand) by TPG's.


Not with CAC stickers you haven't. When PCGS AND CAC say it's right if you still think you're seeing far to many over graded coins then it's just simply your standards are to different from the markets.


Quote:
However if the photos are accurate (meaning if what appears to be wear is actually wear) then it is over graded.


Really not really. A tiny bit of rub on an otherwise pristine coin no longer limits a coin to AU 58. Grading has been evolving for decades to be moving more towards a fluid scale and eliminate that dumb hard line in the sand.
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IndianGoldEagle's Avatar
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 Posted 08/13/2018  4:08 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
A little consistency from TPG's would be nice.
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Optimist-numismatist's Avatar
Canada
683 Posts
 Posted 08/13/2018  4:24 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list Get a Link to this Reply

Quote:
. Really not really. A tiny bit of rub on an otherwise pristine coin no longer limits a coin to AU 58. Grading has been evolving for decades to be moving more towards a fluid scale and eliminate that dumb hard line in the sand.


No actually, if a coin has wear it is no longer mintstate. if PCGS graded a coin mint state (let alone MS-64) with wear, they would be overgrading it.


Quote:
. Not with CAC stickers you haven't. When PCGS AND CAC say it's right if you still think you're seeing far to many over graded coins then it's just simply your standards are to different from the markets.



Now it sounds like you're just saying CAC can't be wrong, let alone has never made a mistake. This is just not true at all.
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Mark1959's Avatar
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 Posted 08/13/2018  5:48 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list Get a Link to this Reply
It's really hard to understand how this could have got past 2 PCGS graders (They do have 2 people look at the same coin don't they? Or is it just for the rare ones?) and got a CAC sticker by the pictures provided - all I can say is if that coin looks like that in hand I would have sent it back instantly! How about a PCGS # and a PCGS picture? Or was this just a funny funny HA HA post from a guy with 200 posts using the worst pictures he could take to troll us? Anything is possible, right?
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Optimist-numismatist's Avatar
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 Posted 08/13/2018  5:57 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list Get a Link to this Reply

Quote:
. It's really hard to understand how this could have got past 2 PCGS graders (They do have 2 people look at the same coin don't they? Or is it just for the rare ones?) and got a CAC sticker by the pictures provided


http://goccf.com/t/314706 this thread here shows that sometimes even CAC will miss a mistake made by the tpgs.
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BigSilver's Avatar
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 Posted 08/13/2018  5:58 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply

Quote:
Really not really. A tiny bit of rub on an otherwise pristine coin no longer limits a coin to AU 58. Grading has been evolving for decades to be moving more towards a fluid scale and eliminate that dumb hard line in the sand.

Can you please cite a source for that info?
Can you show where PCGS/NGC openly admits that a coin with a rub can be graded MS and is not AU at best?
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Mark1959's Avatar
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 Posted 08/13/2018  6:03 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list Get a Link to this Reply

Quote:
sometimes even CAC will miss a mistake


Time for instant replay like MLB
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Optimist-numismatist's Avatar
Canada
683 Posts
 Posted 08/13/2018  6:07 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list Get a Link to this Reply

1894-IHC-Grade-Vs-TPG

A screen shot from PCGS' website stating that an MS-60 coin will show no wear.
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SilverDollar2017's Avatar
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8715 Posts
 Posted 08/13/2018  6:09 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
If a coin has wear, using the Sheldon scale, it HAS to grade AU-58 or below.

No need to make up facts to support this "market grading" phenomenon.
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Crazyb0's Avatar
10197 Posts
 Posted 08/13/2018  6:23 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
Beauty is in the eyes of the holder....er....

Where's Earle42's CAC sticker parody when we need it?

HERE IT IS!


1894-IHC-Grade-Vs-TPG

Thanks Earle!
Edited by Crazyb0
08/13/2018 6:27 pm
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SilverDollar2017's Avatar
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 Posted 08/13/2018  6:43 pm  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
IMO, I do believe TPGs are useful in today's coin market, especially for authentication. When selling high value coins online, buyers will want some form of authentication for the coin. TPGs are useful for this. Even when selling such coins in person, buyers may want authentication.

However, there is one point on which I have trouble with TPGs - market grading.

Many times, the TPGs are correct. However, sometimes I will see them give high AU coins an MS grade, damaged or cleaned coins a straight grade, etc. It seems that TPGs are very lenient with some series, especially Capped Bust, Seated, and Barber coinage when it comes to "market acceptability" and "market grading." I am not a fan of market grading, as I think it doesn't make sense. Why grade a coin that is higher AU, an MS grade? Just because it has "only a little rub?" Using that logic, I could say "If a coin has only a little rub, why should that stop it from grading MS?" I don't think this makes sense. I also believe coins that clearly deserve a Details grade should get a Details grade, not get a straight grade because of market grading.

/rant

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