Alan Hagar of Accugrade makes his presence at Torex

STEWARTBLAYNUMIS

Alan Hagar of ACG (Accugrade) fame has entered the Canadian Coin Market.He was seen buying Canadian coins on the boarse floor,competing for coins in the auction as bidder #100 and making collectors wonder what he could possibly be up to in Canada.Perhaps Alan will comment on the message boards.

Stewart

Aethelred

I'm sure the flood of MS and Proof 70s is not far off!

shirohniichan

My favorite ACG graded "coin" is the silver centennial medal in the "CANADA 1967 DOLLAR PR-69" holder. I've seen at least one on eBay and noticed three glaring errors in its grading.

Clankeye

Hey Stewart--

How about a brief description of TOREX? I would really love to hear about it. Or maybe something from anyone who attended.

I have never been to a Canadian coin show. This is the Biggy, correct? What went down? Do tell.

Clankeye

1jester

I have to agree with the Dead King. Somehow I wonder if ACG's presence will be beneficial to the market.

Stewart, nice to see you around here.

newsman

ah-collectibles has been a major seller of NGC-graded Canadian moderns for awhile now on eBay. A common theme in their auctions is hyped-up population figures of doubtful accuracy, where everything is "Finest graded! None higher!" and high starting bids.

I'm guessing that he's buying whatever he can cheaply and sending it to NGC so he can sell it at inflated prices to unsuspecting buyers, then putting the rest in ACG slabs. From what I've seen, it doesn't look like a very successful strategy. link

SYRACUSIAN

Yes, I've seen these investor lots by ah-collectibles quite a few times too.

edit: I mean the ones that say, 500 slabs, CU total value $$$$$$ , 3 PCGS and 4 NGC among the lot, the rest ACG ,NR



<< <i>Perhaps Alan will comment on the message boards. >>



What's his username?

MrEureka

What's his username?

Dorkkarl?

farthing

MrEureka

Farthing - Don't laugh. It would make sense. Perfect sense.

Philip

Pleeze, pleeze, pleeze!!!

I thought that when I left rec.collecting.coins, one of the things I escaped from was hysterical posts re ACG.

Seems I was wrong?

1jester

"What's his username?

Dorkkarl?"

STEWARTBLAYNUMIS

Clankeye

The Boarse floor is very small.There were about 40 dealers.When they opened the show on Saturday the room was constantly packed.Most of the people are friendly and the coins are relatively inexpensive compared to U.S. coins.And there are some woman collectors too.There was also an 1800 lot auction Friday and Saturday night.Canada is also a FUN place.Presently the dollar is $1.33 U.S. to Canada. The Canadians love to party.

Stewart

Aethelred

<< <i>Pleeze, pleeze, pleeze!!!

I thought that when I left rec.collecting.coins, one of the things I escaped from was hysterical posts re ACG.

Seems I was wrong? >>



Philip,
I doubt anyone here is hysterical, but ACG and NTC are DREADFULLY bad at what they do. I have seen with my own eyes an ACG Walking Lib that they had graded MS-64, it was EF-45 at best. I heard from a trusted source about an ACG coin graded VF-45 (that is not a typo). To be quite honest your coins are worth MORE raw than graded by ACG. Those are facts, not hysterics.

coinkat

I'm sorry, but the questions that could be asked would mostlikely be inappropriate in an effort to be politically correct, but I will try... is the vodka cold? Is gin or vodka preferred as the stable for a great martini?

In all seriousness, why are the grading standards so different? PCGS has a fairly tight reputation, but some seem to think that the MS 66 red 1920 cent is overgraded... IMOHO, I like this example (but I will leave that determinationto the true copper experts) and I have seen other Canadian Coins graded by PCGS, NGC and ANACS that look great. But for some reason, there seems to be something somewhere that is out to undermine the whole concept of TPG as to Canadian coins and in the final analysis, I believe that even with Canadian coins, we are better off with the TPG services than without them.

newsman

Coinkat (and Philip),

The biggest problem people have with Accugrade is the evidence there might be fraud involved in their grading of coins. Both Alan Hager and the company have been involved in court cases and other situations where people have come forward in sworn testimony alleging that the grade on Accugrade holders is assigned based on considerations other than the coin's appearance, with the intent to deceive. Many people who sell Accugrade coins have also made statements that could reasonably be considered deceptive in their attempts to market the coins for the highest possible price.

I find much of that evidence compelling, and I don't have any problem with forum members trying to expose what they believe are fraudulent practices that harm the hobby, and hence all of us.

Clankeye

Thanks for the info, Stewart!

I'm playing at a resort on Bowen Island outside of Vancouver over the Easter weekend. Looking forward to hitting a few coin shops up there while I'm in country.

Clankeye

coinkat

Newsman:

I posted my comments on the wrong thread. I thought this was the thread on the 1920 Canadian Cent graded MS66 by PCGS. I extend my apologies for the misunderstanding. I understand your comments about a certain Company that looks at coins and places them in plastic in an attempt to offer a service.

Philip

<< <i>

<< <i>Pleeze, pleeze, pleeze!!!

I thought that when I left rec.collecting.coins, one of the things I escaped from was hysterical posts re ACG.

Seems I was wrong? >>



Philip,
I doubt anyone here is hysterical, but ACG and NTC are DREADFULLY bad at what they do. I have seen with my own eyes an ACG Walking Lib that they had graded MS-64, it was EF-45 at best. I heard from a trusted source about an ACG coin graded VF-45 (that is not a typo). To be quite honest your coins are worth MORE raw than graded by ACG. Those are facts, not hysterics. >>



I was referring to bitter flamewars, name calling, childish litigation threats, etc.

Don't know about ACG, but it seems people agree they stink.

Slabs are rare over here and so I cannot really understand that debate.

Sorry if I appear to be unreasonable

dorkkarl

hey, don't drag me into this!

K S

historygeek

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People still use usenet?