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10 Cent 1864 New Brunswick You Vs PCGS

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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 08/26/2019  12:22 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
AU-58
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Pokermandude's Avatar
Canada
1192 Posts
 Posted 08/26/2019  12:47 pm  Show Profile   Bookmark this reply Add Pokermandude to your friends list Get a Link to this Reply
58
Pillar of the Community
Canada
605 Posts
 Posted 08/26/2019  8:47 pm  Show Profile   Bookmark this reply Add Coin-Flipper to your friends list Get a Link to this Reply
Thanks guys for all your guesses. PCGS maybe went a tad bit higher but the coin is original with no cleaning. Luckily the bidding also done was according to a EF 40 - 45 price trend.

10-Cent-1864-New-Brunswick-You-Vs-PCGS
Edited by Coin-Flipper
08/26/2019 8:52 pm
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fortcollins's Avatar
United States
3663 Posts
 Posted 09/06/2019  11:33 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply

Quote:
Luckily the bidding also done was according to a EF 40 - 45 price trend.


Thanks for sharing this coin and the backstory!

This is a good example of the market compensating for TPG overgrading. Where it hurts is that the resulting market prices also affect correctly graded TPG coins. It is creating a perpetual buyer's market, where sharp-eyed buyers cherrypick correctly graded coins for basically the same price as incorrectly graded coins. The market can't stay in a perpetual downward compression. Something eventually has to give.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 09/07/2019  12:00 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
There is always the temptation for a TPGrader to over grade a little.
If the customer gets a good result, there remains the possibility that the customer may submit more coins.

That's good business for the TPGrader.
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