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 Replies: 28 / Views: 3,095 |
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Valued Member
 United States
206 Posts |
Dvorak
Good point:" Similar to having a suspected fake."
I was thinking the very same thought today would a grossly over-graded coin one that if I asked my 10 year old granddaughter to look at with a loop " do you see anything wrong with this perfect proof 70 coin, it should have no defects at all" she would answer "yes. It has dents in the face and or scratches or how come its rotting whats that green stuff...."
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Valued Member
United States
206 Posts |
just reviewed this post and noticed I did not reply to Wheatguy
"If you paid a reasonable price and like the coin I would keep it."
Wheat guy I believe you have found the answer! a new form of error collecting not on the coin but printed on the holder..
When they give you lemon's make lemon aid..
A new category of Registry sets could be started with points given to how many grades below the holder the error is..
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Pillar of the Community
Canada
3692 Posts |
Maybe my LOL wasn't clear enough.
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Valued Member
United States
206 Posts |
Libertad your comment "Maybe my LOL wasn't clear enough."
Perhaps it wasn't clear. Could you clarify what you meant? Becoming a forth party grader?
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Pillar of the Community
United States
1554 Posts |
Throw the coin away for good luck, and never by from a TPG Co. again.....By raw and grade yourself, this is the fun! |
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Bedrock of the Community
United States
17884 Posts |
Quote:
Perhaps if they see enough coins coming back for guarantee they will fix the problem of over-grading. If indeed there is one? Or they may just change their standards so they aren't overgraded anymore. Quote:
ANACS has changed ownership a few times as NGC and ICG have. As far as I know NGC has not changed ownership. Quote:
Second, that guarantee is only good as long as the company is around to honor it. I'm not saying the company is in trouble now, but who knows what 10-20-30 years holds. True, the current ANACS does not extend their guarantee to the slabs of the past owners. (At least that was their position shortly after the takeover.) |
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Valued Member
United States
206 Posts |
Conder101 Will check the NGC ownership. I think it was started by John Albanese, a Co founder of PCGS.Owner of CAC now I think it was sold to Heritage
"Or they may just change their standards so they aren't overgraded anymore."
One has to look on the PCGS web page titled PCGS Grading Standards to understand the current criteria to make each grade if that changes then there standards will follow..
Edited by stephen
11/03/2010 9:31 pm
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Rest in Peace
United States
4849 Posts |
It's reasons like this that I never play the "high premium for the MS-70" game. Somebody, somewhere at some point in time is going to find something wrong with it. IMHO there is no such thing as MS/PR-70; and even if there was, it would be darn near impossible to prove that the coin was truly perfect. TPGs arent using an electron microscope for these. Just go for a 69 for much cheaper, the difference is negligible if noticable at all. Just my humble opinion....:-D
If I were you, I'd sell your 70s while you can still get a strong premium for them, and put that money into more 69s. I dont have faith that PR/MS 70 bullion coins are going to always have a strong premium, but again, just my opinion.
Edited by johnny54321
11/03/2010 9:27 pm
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Valued Member
United States
206 Posts |
johnny54321
You are right about the grading of 70s I have a few real ones... of over 120 in PCGS holders, I did research as how rare it is.. I asked coin dealers and looked at proof sets. Annualized the cost of proof sets. figuring it would take 1000 sets to find one 70 .. Then the handling from the crack out to a holderering the coin would be like heart surgery..
A fact that causes so many over-grades is they must be put in tubes after break out. Causing the fields near the rims to damaged. nicks on the face and scratches on the details.
I have very few 70s. They are a rare coin. And so is a real 69 Do not hesitate to buy a true 70 or 69 they are extremely rare. Believe it or not the easiest coin to grade. One stike your out....As PSGS grading says a perfect coin if it is not send it back.
I have followed the population report for 2 years. I have a spead sheet which I up date the pop of 70 and 69 modern dimes every week..
This week they made 50 70s and 96 69s,,,, that's a lot of proof sets to crack..
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Moderator
 United States
188770 Posts |
Quote:
IMHO there is no such thing as MS/PR-70 I agree. The 70 grade was supposed to represent pure and unobtainable perfection. It gives the scale a necessary limit. I believe we should have 69+ or 69.9 for things that come close, but never a 70. Nothing in this world is perfect, not even a circle  . I believe that grading anything 70 is just a gimmick that will defeat you in the end. Why, because as Johnny said... Quote:
Somebody, somewhere at some point in time is going to find something wrong with it. |
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Bedrock of the Community
United States
17884 Posts |
NGC is a privately held corporation with owership being based on stock ownership. Albanese was one of the founders each of which owned stock in the company. So other stock was probably also sold to some other companies/investors. I'm fairly sure Albanese no longer owns stock in NGC. Heritage DOES own stock in NGC but I don't think they have a controling interest. Unlike PCGS, NGC stock is not publicly traded. This makes it difficult to know who really "owns" it, but there has been no case of someone stepping up and buying a controling interest in it. ICG, ANACS, and SEGS on the other are pretty much owned by a single person or small group of insiders. When ANACS has been sold each time it has been when someone has purchased all or most of the assets of the company.
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Rest in Peace
United States
4849 Posts |
Quote:
I have very few 70s. They are a rare coin. And so is a real 69 Do not hesitate to buy a true 70 or 69 they are extremely rare. I think this depends on what kind of coin your talking about. In regards to modern common ASE or other modern bullion, almost all graded examples(PCGS and NGC) are 69 or 70. 69s of these types of coins basically sell for the same as a raw example and aren't rare. The 70s hold a premium(especially PCGS), but still don't seem that hard to find for many dates. Are you talking about a coin that was meant for circulation? If so, then yes Id agree that both 69s and 70s are rare. |
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Valued Member
United States
206 Posts |
johnny
I am only taking about rare US Mint Coins that are found in regular circulation the ms and even the proof (69 and 70.)
Not bullion rounds minted at the us mint like 1 oz gold buffalo's or silver eagles.
I feel these are taking away interest and many dollars from the small coin shops and dealers who spend a fortune to go to the the coin shows or operate the store front's selling collectible coins. They contribute information and education to the new blood entering the great hobby we all are apart of.
Next thing to be graded, will be reproductions of classic baseball cards printed by the original manufacturer, only sold to a grading company or large exclusive buyer..Encapsulated and sold in the two highest grades. Hence taking away from the original cards rarity and value.
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Replies: 28 / Views: 3,095 |
First Page
Posted 11/02/2010 10:54 am
