| Author |
 Replies: 26 / Views: 3,490 |
|
|
|
Valued Member
United States
134 Posts |
Cool coin glad turned out legit and pretty good grade sounds like! I have been thinking about picking up type two myself for collection.
|
|
Pillar of the Community
United States
1348 Posts |
its a gread looking coin I would say au50
|
|
Pillar of the Community
United States
3283 Posts |
Bigifredd- not a big fan on grading services I take it!
Christopher walton- make sure to let us know the grade when it comes in.
My guess-xf45
|
|
Valued Member
 United States
82 Posts |
upstate - Seems Biggfred has good reason for his feelings. NGC came back with AU55. I've had 2 dealers within about 75 miles of me look at the 12 pieces I submitted - 1 said 4 were 'generously' graded and the other said 5 were. Both are long time, reputable dealers. Needless to say, I won't be using NGC in the near future.
|
|
Bedrock of the Community
United States
10982 Posts |
Gold $1 are notorious for weak strikes and this one is no exception. For a 55 grade, the coin should have a generous amount of luster remaining and good eye appeal - two things that are tough to pick up in photos.
|
|
Valued Member
United States
82 Posts |
BH1964 - Oh, I can certainly vouch for the fact that gold is hard to photograph accurately. However, it was one of the coins that both '4th parties' said they thought had been more than generously graded. As both also added, when a coin is generously graded, the knowledgeable collector looks at the grade and price and then looks at the coin and frequently passes without even making an offer that might be misconstrued as an insult.
|
|
Rest in Peace
United States
4849 Posts |
Quote:
upstate - Seems Biggfred has good reason for his feelings. NGC came back with AU55. I've had 2 dealers within about 75 miles of me look at the 12 pieces I submitted - 1 said 4 were 'generously' graded and the other said 5 were. Both are long time, reputable dealers. Needless to say, I won't be using NGC in the near future. I think a lot of that depends on the coin, and changing standards over time. NGC and PCGS are the current standard for grading. Having coins "generously" graded is not at all a bad thing for you! You will get more bang for the buck when you sell, especially since NGC is considered a top TPG. I'd recommend you reconsider and still use them if you want the coins to bring the most when you sell. I would be much more prone to stop using a grading service for "undergrading" as opposed to "overgrading"; but that's just me.  |
|
Bedrock of the Community
United States
14454 Posts |
Quote:
NGC and PCGS are the current standard for grading. Having coins "generously" graded is not at all a bad thing for you! But how long can they keep "generously grading" coins before they are deemed to not be "the standard". I would rather have a coin graded correctly in my collection than a dog for the grade in my collection. At least when its time to sell the buyer knows he is getting a nice coin instead of a dog. If NGC and PCGS keeps this up they will not be in the lead much longer and their prices paid for their coins even if graded correctly will suffer because of their reputation of giving generous grades |
|
Valued Member
United States
82 Posts |
johnny54321 - I'm afraid I am in firm agreement with Bryan1315 regarding generousity in grading. I've not had the experiece with coins previously, but I've bought and sold antiques for over 30 years. I would rather have a person buy something from me for what it is rather than what they wish it was and often times my description and expertise can carry as much or more weight than what they see. However, I also understand that it may be a thin line dividing the grade and it is subjective as to what each person sees and thinks is important.
|
|
Bedrock of the Community
United States
14454 Posts |
my point was ANACS was once the "standard" but they got lax on their grading and now they are third. Now I have seen some ANACS yellow Label coins graded stricter than any NGC or PCGS coins, I feel I am a strict grader and have seen sometimes ANACS is stricter than I think it should be. If PCGS and NGC keep doing this and ANACS keeps their recent trend I just wonder how long it will take before ANACS leads the pack again on the market
|
|
Valued Member
United States
82 Posts |
Bryan1315 - Yes, I understand what you were referring. My point is that I would rather the grading be accurate and consistant. Whether it is paying for the good help or a better checks and balances or whatever - consistancy, accuracy and, well, truth in advertising, so to speak.
|
| |
Replies: 26 / Views: 3,490 |
First Page
Posted 03/01/2011 12:00 pm
