I would be a little shocked too if I saw that, since that's the whole point of the FB designation. Couldn't the dealer see for himself by looking at the coin? I have to wonder a little if those slabs were genuine...I just don't see PCGS slipping that badly, but it may be possible. 
Posted 11/25/2008 1:01 pm
Well Kurt, judging from what I saw at the Baltimore Whitman this past week, the slab grade still has an authoritative effect on the market. ICCS, PCGS, NGC are the slabs I look at for known quality garding. When I see mistakes from these graders I have to wonder what is happening on their end. Where is the breakdown, the triple grading process, the insertion in the slab or somewhere else.
The market is in transition - this show saw plenty of high grade slab coins at bargain prices go unsold - there is a shift toward raw coins and I think that in part is due to grade-flation or mis-attributed slabs. I know I was more interested in the raw coins, but one has to wonder why some of seemingly higher grade coins haven't been slabbed - did someone try and they came back bagged, with a lower grade... I passed on a few raw coins simply because I was not confident enough in my grading - was I really looking at an MS65 coin?
-Steve
The market is in transition - this show saw plenty of high grade slab coins at bargain prices go unsold - there is a shift toward raw coins and I think that in part is due to grade-flation or mis-attributed slabs. I know I was more interested in the raw coins, but one has to wonder why some of seemingly higher grade coins haven't been slabbed - did someone try and they came back bagged, with a lower grade... I passed on a few raw coins simply because I was not confident enough in my grading - was I really looking at an MS65 coin?
-Steve
Edited by asciibaron
11/25/2008 1:16 pm
11/25/2008 1:16 pm
