Could NCS slabbed coins become a major source for coin doctors?
Russ
Posts: 48,514 ✭✭✭
I was just browsing through the upcoming Teletrade NCS auction, and a disturbing thought popped in to my head.
It seems to me that half of the coin doctor's work is done because NCS has already identified the problem with the coin, so the enterprising con artist could be going through and cherrypicking coins to work on.
Russ, NCNE
It seems to me that half of the coin doctor's work is done because NCS has already identified the problem with the coin, so the enterprising con artist could be going through and cherrypicking coins to work on.
Russ, NCNE
0
Comments
WH
<< <i>Sure, but if a doctor needed NCS to identify the problems >>
nwcs,
But, to do so they'd have to have the coins in hand. This provides them with a "sight-unseen" source.
Russ, NCNE
nwcs...........you nailed it on the head. I agree totally. I think that the scariest thing is that amateur coin doctors could be stocking up on coins to practice on. Marty uses Kennedy halves, so that's not too scary, but I would hate to see classic coins destroyed just for AT practice. The professional coin doctors don't need a slabbing company to identify problems.....in person or sight unseen....they know what they are doing.
They will buy a Morgan that has UNC details but ...x.x.x.x..., crack them out take a so-so photo
and all of a sudden they are selling a MS64 that they bought for AU money.
Doesn't it depend on how the market prices these NCS slabs as to who buys them and what they do with them?
LSCC#1864
Ebay Stuff
Brian.
if ncs ever cleans a coin, then THEY are coin doctors. i understand that they are allegedly in the business of curating coins, & that's great, but i wonder how many attempted/alleged "curations" turned into "cleanings".
but the point of your thread is well-taken too, no doubt ncs-encapsulated coins will become targets for the unscrupulous, as anacs net-coins & pci red-label coins always have been
if you are to believe some of the posts on this forum, quite a few anacs net-coins & pci-red's have been pushed into ngc & pcgs holders
K S
<< <i>How about the guys who sell problem coins without so disclosing. They could pick the NCS ones with minor problems (light cleaning, old wipe, etc.), crack 'em out, and pass to the unsuspecting public.
WH >>
Yes, this is a real issue. It is the main reason that I prefer the PCGS and ICG strategy of only slabbing coins that are problem free. While I love the "net grade" concept, there is always the risk that someone will buy it discounted, crack it and offer it raw as problem free. matteproof
<< <i>guess what, i disagree somewhat w/ the premise of this thread.
if ncs ever cleans a coin, then THEY are coin doctors. i understand that they are allegedly in the business of curating coins, & that's great, but i wonder how many attempted/alleged "curations" turned into "cleanings".
but the point of your thread is well-taken too, no doubt ncs-encapsulated coins will become targets for the unscrupulous, as anacs net-coins & pci red-label coins always have been
if you are to believe some of the posts on this forum, quite a few anacs net-coins & pci-red's have been pushed into ngc & pcgs holders
K S >>
As far as I am concerned, all curations are cleanings. I don't care about the romantic story of those BU 1857s (1859s?) double eagles they found in that shipwreck off the Carolinas. Then selling them as great rarities because they were found in the wreck. The bottom line is that they were cleaned. Or, if you want to call what they did "curate", then all cleaned coins are curated....some done by professionals, others by amateurs.
<< <i>I prefer the PCGS and ICG strategy of only slabbing coins that are problem free >>
sorry in advance, but this type of statement is exactly what makes me sick about pcgs, icg, ngc slabs. why in the he11 do you think they only slab coins that are problem free? where did you get brainwashed into thinking that? it is absolutely untrue, it is FALSE to state that pcgs will only slab coins that are problem free.
THAT is what i mean when i say "overhyping" of slabs. for me, statements like that put pcgs on the exact same playing field as acg.
sorry to get so worked up, but this kind of false claim is damaging to the hobby
K S
>>>>>Sure, but if a doctor needed NCS to identify the problems they're probably too incompetent to do a job good enough to fool NCS. >>>>>
That's not the point. The point is they can buy a problem coin cheap, fix it, and sell it for lots of $$$ raw or in PCI & ACG slabs.