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 Replies: 21 / Views: 2,963 |
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Valued Member
United Kingdom
115 Posts |
Is this a genuine coin/coin slab? According to the books that I have there hasn't been a Peace dollar of this year graded at MS67   It is currently on ebay with bidding at £28:00, with a couple of days to go Thanks |
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Pillar of the Community
United States
532 Posts |
I have no hard information to offer about the legitimacy of the coin in question. However the grading service itself is yet another issue that shouldn't be overlooked. I would like to see sharper pictures just to grade it for myself. Without closer inspection you are blindly just left to believe what this unknown tells you. Certainly doesn't look MS67 for just what I can see in your pictures. Actually would even go so far as to say it almost looks touched up or dipped/cleaned on spots. But like I said, I have no experience with the company, and the pictures are junk. For the price I would scrutinize and probably still buy it given the current price. With any coin auctions on key dates, the last minutes are when the war really begins. No way I would chase that coin into real money territory without much cleaner pictures.
I have not personally handled coins from them but they are not considered to be top tier. This does or does not mean they are more lax in their numerical grade assignments. Population reports do not track unknown grading companies numbers as their number assignments are rarely accurate and notorious for gross over grading.
You have the auction number or can you post a link to the sale?
Good luck, Sorry I couldn't be of more help.
-RFB
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Valued Member
United States
436 Posts |
Bad slab, bad picture, obvious stains, and too shiny spell danger to me.
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Valued Member
 United Kingdom
115 Posts |
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Valued Member
United States
436 Posts |
I just don't trust the grade at all! Never heard of the tgp. The pictures could (probably are) intentionally blurred, possibly to hide defects, at best, or removed mint mark. I would not buy this coin!
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Pillar of the Community
United States
532 Posts |
Just poked around a little about WCG.......
NOTHING nice about them or their track history. I would completely avoid. Also keep in mind I buy from EVERYWHERE. I will buy coins in BS slabs no problem if the price is right. But online where I can't physically walk around and grade it for myself, NO WAY would I touch WCG slabs. I can't in good faith advice any other collector to do anything but watch the carnage and keep your own wallet safe.
As said, I personally have no history with them but just mentally lump them along with other basement slabbers.....However upon digging around it seems that may even be insulting to the basement slabbers!
Strong words, but sheesh they have a reputation for awful behavior.
Caveat Emptor...
-RFB
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Pillar of the Community
United States
2189 Posts |
The seller has a no return policy..For me that's a BIG Red flag.I don't bid on auctions with that kind of policy.
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Bedrock of the Community
United States
14454 Posts |
WCG isn't a 3rd party grading service, that is why you can't find any graded that high anywhere, because it hasn't been graded. It was just placed in a plastic case and some one placed a over rated label with an inflated grade on it trying to catch an unsuspecting collector that can't grade and doesn't know any better. That coin would grade nowhere near MS-67 at a real 3rd party grading company
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Pillar of the Community
United States
1055 Posts |
This same seller has a WCG graded MS-66 $10 Indian Eagle which might make the AU-50 grade.
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Pillar of the Community
United States
2269 Posts |
Trust your instincts, if it seems too good to be true, it probably is. I am not familiar with WCG as a grading service. The coin itself shows a few nicks on it. If it were a true MS-67, I'm sure the seller would have sent it in to PCGS or NCG for grading, not WCG. It seems like an overgraded coin to me.
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Pillar of the Community
United States
2797 Posts |
World Coin Grading (WCG) is a self-slabbing service as mentioned previously. The grades are fantasy and most are problem coins (cleaned and whizzed). I see these offered all the time on ebay. I wouldn't pay more than melt despite being a key date.  |
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Bedrock of the Community
United States
12437 Posts |
#1 As others have said, WCG is a self slabber and their grades are not to be trusted. #2 A 1928 Peace dollar is a key date and you will frequently encounter 1928S coins with the mint mark removed or altered 1923 coins. The pictures of this coin are lousy and you cannot be sure that it is not an altered coin. #3 Run away as fast as you can  |
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Bedrock of the Community
United States
17884 Posts |
Coin is good but nowhere close to MS-67, and as the others have said WCG is a low end third tier service (It has actually been around for six years so I don't call it a fly-by-night but they are most likely a self slabber.)
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Pillar of the Community
United States
8904 Posts |
Quote:
Run away as fast as you can  It's just not worth it. |
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Rest in Peace
United States
4849 Posts |
When I first got back into coins, I purchased a morgan in a "garage seller" slab like that. The seller had graded it MS-64 and labeled it as a more valuable "micro O"(I can't remember the date off hand). Anyways, when I received the coin, it was not a micro-o first of all and the grade was, at best, a harshly cleaned XF-40. I am still upset about it to this day as to how misleading these slabs can be. As said before, the grade given on that slab means absolutely nothing. If I were to guess at the grade of the OP coin, I would say it's a highly polished AU-50. I wouldn't be surprised if it had an altered mintmark as well. When I see grades on slabs like that, it is obvious to me that the slabber is INTENTIONALLY trying to be deceitful. I'd rather have it raw.
Edited by johnny54321
10/16/2009 1:16 pm
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Pillar of the Community
United States
2797 Posts |
If you want a laugh, just visit the WCG webpage http://www.worldcoingrading.com/They try to pass themselves off a as legit 3rd party grading service and will accept your coins for grading ... the caveat: They refuse the right to reject any coin (read all submissions), charge $50 per coin with 10 coin minimum (PCGS offers $18 economy, no minimum, for the same turn-around time). This page only exists as an attempt at legitimacy.  |
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Replies: 21 / Views: 2,963 |
Posted 10/16/2009 05:23 am
