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PCGS And Down Graded Cook Collection Coins

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darryldarryl's Avatar
Canada
2426 Posts
 Posted 07/22/2019  6:59 pm Show Profile   Bookmark this topic Add darryldarryl to your friends list Get a Link to this Message Number of Subscribers
Pardon the "Pun"... Does anyone believe this will "Tarnish" PCGS's reputation with the Grading of Canadian coins

(Several high graded coins auctioned off at a grade lower then the coins were known to be with no mention of cleaning)

Thoughts ?
Edited by darryldarryl
07/22/2019 7:01 pm
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fioti's Avatar
United States
4212 Posts
 Posted 07/22/2019  7:19 pm  Show Profile   Bookmark this reply Add fioti to your friends list Get a Link to this Reply
Did they actually have such an auction?



edit, nevermind, just saw the other thread.
Edited by fioti
07/22/2019 7:23 pm
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Wade's Avatar
Canada
2781 Posts
 Posted 07/22/2019  8:18 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
depends if PCGS's grades were seemingly more accurate, in which case would it tarnish the reputation of whoever over-graded them initially?
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 Posted 07/23/2019  07:14 am  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
I placed my thoughts/comments in the previous thread. I would hope that this auction and/or viewing of the damaged pieces does more than "tarnish" PCGS's reputation. It should make people suddenly realize (if they haven't already) that what any TPG puts on the piece of plastic means nothing..... and they make millions of dollars just duping collectors into believing that their word is like the "word of god". What is written on that piece of plastic depends on who submitted it, or to whose collection it belongs, or through what auction it will be sold.
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joecoin's Avatar
United States
789 Posts
 Posted 07/23/2019  08:18 am  Show Profile   Bookmark this reply Add joecoin to your friends list Get a Link to this Reply

Quote:
... It should make people suddenly realize (if they haven't already) that what any TPG puts on the piece of plastic means nothing.....


Well, that's a little harsh. AND, I agree with it 100% !
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basebal21's Avatar
13014 Posts
 Posted 07/23/2019  08:39 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
What is written on that piece of plastic depends on who submitted it, or to whose collection it belongs, or through what auction it will be sold.


No it doesn't, this is internet rumor nonsense that has been disproved time and time again and often comes from people with no experience submitting.
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cdcoinman's Avatar
Canada
372 Posts
 Posted 07/23/2019  12:52 pm  Show Profile   Bookmark this reply Add cdcoinman to your friends list Get a Link to this Reply
PCGS makes millions with collectors that are trying to achieve the highest ranking with their coins . Just look at the yearly contest for any given sets . The more you spend for their service, better is the grade on the slab in my opinion. This is also the case with any TPG.Guess who is the winner in this rat race.I quit a long time ago and very happy I did .
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basebal21's Avatar
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 Posted 07/23/2019  2:12 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
.The more you spend for their service, better is the grade on the slab in my opinion. This is also the case with any TPG.Guess who is the winner in this rat race.


This is completely false but if you guys want to mislead people go right ahead. I've spent far to much energy and time responding to nonsense like this. Just look in the mirror and ask yourself whether you want to have legitimate discussions or spread false rumors. That's up to you guys
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5589 Posts
 Posted 07/23/2019  7:00 pm  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
You can believe what you want to believe for your own coins, but if I, as a collector, would have sent in the Cook coins that are in the Heritage auction, they would have been body-bagged. There would have been NO subtracting one grade because of coarse or blatant cleaning.
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basebal21's Avatar
13014 Posts
 Posted 07/23/2019  8:47 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
.You can believe what you want to believe for your own coins, but if I, as a collector, would have sent in the Cook coins that are in the Heritage Auction, they would have been body-bagged. There would have been NO subtracting one grade because of coarse or blatant cleaning.


At least people know who to ignore when it comes to discussions about grading. This once again is complete nonsense and you pushing your incorrect feelings about how it works. As I said before either take a look in the mirror and start having real conversations or just keep misleading people, I see the path you chose.

It's not worth the time to point out all the flaws in your feelings
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Canada
5589 Posts
 Posted 07/24/2019  07:39 am  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
The purpose and goal of all forum/chat websites is to give folks a chance to offer their opinion on whatever subject is being discussed. That's what I did and that's what you did so we've performed the mission that we both wanted to express. Our opinions differ or are in direct contradiction to one another, so I guess that's the way group discussions are meant to end. In a way, it's democracy in electron-land.
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cdcoinman's Avatar
Canada
372 Posts
 Posted 07/24/2019  08:21 am  Show Profile   Bookmark this reply Add cdcoinman to your friends list Get a Link to this Reply
basebal21, you must have spent a bundle on TPG to be so convinced you are right and we are wrong. like okiecoiner said,we are also allowed to express our opinion. Go slab go
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sel_69l's Avatar
Australia
21788 Posts
 Posted 07/24/2019  08:34 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I have always preferred to grade for myself, irrespective of what a slab grade may indicate, but may be a useful guide.
Such a skill becomes vital, when assessing raw coins up for public auction.

Grading skills for ancient, medieval hammered, and milled coins can be quite different, with far more factors contributing to the grade to be considered.
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basebal21's Avatar
13014 Posts
 Posted 07/24/2019  3:31 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
There's a huge difference between opinions on things where opinions matter and telling people flat out false information because you have no idea what you're talking about but think something.

At no point is the purpose of this forum to mislead people with false information such as the nonsense that has been posted. You can have opinions about their grading standards and argue the differences of those, you don't get to say lies and hide behind it being your opinion
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darryldarryl's Avatar
Canada
2426 Posts
 Posted 07/24/2019  4:15 pm  Show Profile   Bookmark this reply Add darryldarryl to your friends list Get a Link to this Reply
basebal21 I tend to agree with okiecoiner on this one.
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inconnu's Avatar
Canada
93 Posts
 Posted 07/24/2019  4:42 pm  Show Profile   Bookmark this reply Add inconnu to your friends list Get a Link to this Reply
The subject of how Mr. Cook cleaned his coins saddened me but also got me to wondering how PCGS has decided to assign a new grade. If he merely applied VIM to the coin surface and then rinsed it off and left no scratches, would that count as a cleaning? The fact that many came out butt ugly could result in a lower PCGS grade based on appearance. Many have come out with "UNC details" and those are not in dispute, but there's many others that could rattle some reputations and throw the high end of our hobby into disarray. I cannot get my head around this because it flies in the face of everything that I have learned about numismatics.
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