NGC gets tonecoined

sinin1 · July 26, 2003 12:02PM

there is another thread about a funny rainbow toned washington carver

well here it is ->ebay 3024717107
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=522&item=3024717107 added color now in NGC

edited and pushed to top for les

DanC · July 26, 2003 12:06PM

<< <i>"Russ is a genius" >>

You'd be surprised at just how close to reality you actually are with that statement.

Louis · July 26, 2003 12:08PM

They say there is a fine line between genius and insanity, so I guess you're right. edited to add

DanC · July 26, 2003 12:10PM

Heheh... good call.

Russ · July 26, 2003 12:25PM

Link to referenced thread.

And, here's the link to the auction where the coin is now in an NGC holder.

As I noted in that thread, NGC has been asleep at the switch lately and has holdered quite a few ot Tonecoin2003's "masterpieces".

Russ, NCNE

wallstreetman · July 26, 2003 12:45PM

Its true, they arent even looking at the coins anymore, just trying to make sure they grade faster than PCGS!

Clankeye · July 26, 2003 2:23PM

So the coin has a tonecoin2003 pedigree. Gee, what a surprise.

Bid over a hundred dollars, reserve not met. Personally, I wouldn't give a shill-ing for it.

Clankeye

sinin1 · July 27, 2003 6:40AM

ttt for barberlover

islemangu · July 27, 2003 6:54AM

I sure hope someone takes this thread up across the street.

islemangu · July 27, 2003 6:57AM

Whoops I should have checked there first.....I see they are getting Dogged right now

K6AZ · July 27, 2003 7:50AM

Well, applying the logic everyone seems to be using (tonecoin sold a coin that made it in a NGC holder, so NGC holders AT coins), I guess because he sold this coin means that PCGS also holders AT coins:

PCGS Roosevelt Dime

sinin1 · July 27, 2003 7:50AM

woops

GDJMSP · July 27, 2003 8:00AM

I think it has more to do with a certain phrase - market acceptable. It is my belief that both companies assign grades based on what is - market acceptable. It is also my belief that both companies slab coins that have artificial toning - as long as they are - market acceptable. If I am wrong - then someone please correct me.

For anyone to try and point fingers at either company and insinuate that one company is better or worse than the other because of this - well that's just plain foolish.

K6AZ · July 27, 2003 8:06AM

Exactly. And some people are now using this as a justification for 90+ day turnaround time at PCGS, trying to claim NGC is just a production line. I should remind people that as late as last summer PCGS was turning around economy submissions in less than 30 days, so I guess those coins weren't actually being graded either.

stman · July 27, 2003 8:08AM

Sooo, is this yet another forum member that bought the coin, got it holdered and is now selling it?

DCAMFranklin · July 27, 2003 8:10AM

<< <i>Well, applying the logic everyone seems to be using (tonecoin sold a coin that made it in a NGC holder, so NGC holders AT coins), I guess because he sold this coin means that PCGS also holders AT coins:

PCGS Roosevelt Dime >>

K6AZ- Thanks for the balanced, objective observation.

braddick · July 27, 2003 10:17AM

<< <i>Well, applying the logic everyone seems to be using (tonecoin sold a coin that made it in a NGC holder, so NGC holders AT coins), I guess because he sold this coin means that PCGS also holders AT coins:

PCGS Roosevelt Dime >>

Valid point other than the WashingtonCarver has his "signature" look to it (same as all his other "toned" Morgans/Franklins/Peace dollars he is offering).

The PCGS dime you featured from this Seller, PCGS certified does NOT and stands alone among the coins offered from him.

Dog97 · July 27, 2003 11:32AM

Yall want some logic huh?
I posted this coin on the other board before multiple threads popped up on both boards.
I knew there are some tough & knowlegeable commem collectors on the other board.
So I post over there <<<Not only is the blue & red color strange but the pattern is too. I try to think imagine the step by step process of how this coin toned like this and can't think of any kind of holder, album, roll or bag that gives this pattern>>> & that if I was missing something to please educate me.
Nobody told me Dog97 you are an idiot because that is a genuine, original, natural toned coin. The general consensus was that it was questionable, which is what I was asking in the first place. I though maybe I was seeing things.
Turning it into a NGC vs PCGS thing is doing the hobby a disservice because the fact is AT coins are in both companies' holders under the guise of Market Acceptability. I buy coins in both holders and as a collector I want my stuff to be as close to real, original, natural or what have you and don't appreciate spending my hard earned $$ on a slabbed coin then seeing an AT one just like it on eBay as a RAINBOW TONED MONSTER with a BIN of $29.99. Dealers should really be concerned; JUST LOOK AROUND YOU-where did all your customers go?
It's a sad day when AT coins look like the ones in "reputable" holders and coins in "reputable" holders look AT, whether the holder is NGC or PCGS. I used to be able to spot an AT coin a mile away, now I'm not so sure. What the hell is going on here?
I'm glad we have these boards sponsered by the grading companies to discuss this crap.

wallstreetman · July 27, 2003 11:35AM

K6AZ, I hear NGC has been just as busy as PCGS and yet it hasnt effected how long it takes to get coins back! What does that tell you?

K6AZ · July 27, 2003 11:39AM

It tells me they have their organization down pat.

I'm not going to endlessly argue this with people. There are just as many PCGS "mistakes" as there are NGC. Neither one is perfect, and AT coins do slip by them.

sinin1 · July 27, 2003 11:42AM

seller is awful ambitious - bid of $444 did not meet reserve

Russ · July 27, 2003 11:45AM

<< <i>seller is awful ambitious >>

Not really. If he were, he'd have done his own images, instead of recycling Tonecoin2003's.

Russ, NCNE

sinin1 · July 27, 2003 11:52AM

he tried - see the slab (or was that Teletrades?)

NGC gets tonecoined

Comments

Leave a Comment