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Replies: 23 / Views: 2,787 |
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Pillar of the Community
 United States
5192 Posts |
Edited by NumisEd 02/20/2021 5:29 pm
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Valued Member
 404 Posts |
@NumisEd - Granted, but that is ICG... I am trying to restrict this discussion to PCGS / NGC, the two 'major TPGs.
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Pillar of the Community
 United States
5192 Posts |
Well, technically NGC and PCGS are private companies and not an extension of the FBI. I suppose they are in their right to grade any coin or medal, that is: specify the amount of wear and luster, irrespectively how and where the coin or medal was made. However, if they grade a copy the slab should clearly mention this.
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Valued Member
 404 Posts |
@NumisEd - Of course, they are free to do as they please, on the other hand, they position themselves as 'keepers of the hobby,' protecting us, maintaining integrity, etc. You cant't play both ends. If they aggressively start grading any old thing, (as they arguably already do), well, that leaves us in something of a pickle, doesn't it...
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Pillar of the Community
United States
4406 Posts |
Wait.
Wait, wait, wait.
So, as you guys know... this is an official medal. This will be of interest to some collectors, it's a numismatic item.
So would you rather these be sold raw where they can be easily misrepresented...
or in a PCGS slab where they are properly labeled as a 2019 medal?
Isn't having more of these put in PCGS slabs good? I'm still having trouble wrapping my head around the issue here.
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Pillar of the Community
Australia
3831 Posts |
Norantyki - if you want to bash Chinese, this forum is not for racists like yourself. I am not one but am quite offended. This is not entertaining.
While some of the original coins are obtainable, they are often found in poor condition. On average, they are easily hundreds of dollars. High grade condition are extremely rare and they start hitting 4 - 5 figures. Some coins are extremely rare in any condition such as the Kweichow dollar or Chinese Soviet dollar.
Given the technology back then, many had flaws and were often chopmarked, used, abused, meltdown from cultural revolution etc. I see no issues why China mint issued reproduction for a hot Chinese market. These reproductions are easily recognisable as they are struck in proof or matte proof which didn't exist back then.
If reproduction is an issue, perhaps you should take up a fight with the US mint with the Buffalo and mercury bullion. Or even DC mint.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month.
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Valued Member
 404 Posts |
@gxseries - I am not bashing the Chinese, I am making statements of fact about the lack of any sort of infrastructure in that country to control the manufacture and sale of fakes and reproductions. In this instance, a reproduction or medal (alternately presented) has made it into a PCGS holder. If the TPGs get sucked into packaging something like this up in the way that they have, that is one of the last hopes for the hobby defending itself gone as it seems that gradually anything will be holdered. (@Tanman2001 - I think that TPGs should steer clear of slabbing a whole bunch of the stuff that they now do, if only to not potentially be the catalyst for a transaction in which someone is sold something that they do not completely understand. I encounter this issue as a dealer with the 'Retro Proof Crown Series' from the UK which NGC certifies).
You can be offended all you want, but the fact of the matter is that the deluge of Chinese fakes is hurting the hobby, simple as. Although in this instance the item is some sort of official medal, my issue is that they are being complicit (in a way) of producing a potentially deceptive product as I can easily see this as being talked up to something a lot more significant than it is by an unscrupulous seller, using the PCGS certification as justification. This particular product just happens to unite the to aforementioned issues.
The only thing offensive here is you calling me a racist - which I am not, nor have I said anything which is not a matter of fact. You should think twice before slandering people, and yes what you have said IS slander. I don't know who you think you are to throw accusations like that around, but in this chain, only you have been personally antagonistic and pushing the discussion in a direction which is 'not entertaining.' Check yourself.
Edited by norantyki 02/21/2021 02:58 am
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Valued Member
 404 Posts |
Maybe a moderator / admin can step in here?
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Replies: 23 / Views: 2,787 |