An ACG mystery?
Barry
Posts: 10,100 ✭✭✭
While reading the recent ACG thread, I got to thinking about the Stuppler/ACG ANA hearings last year. Transcripts available here at K6AZ's web site.
In this section, the following is said:
Number 3:
Alan and Diane Hager dealt with a well known Florida coin dealer Bob Johnson, who sells on the Internet, eBay as "centsles." Bob would come into the shop ASA-Accugrade weekly and submit some 500 to 600 coins for grading. Al Hager would himself grade all Bob's coins. I would put the labeling on the assigned grades to the coins and some of them in Accugrade holders. Alan would drastically downgrade all Bob's coins knowing the certification fees on the 500 to 600 coins graded would be expensive, because Alan would charge the same rate as if it were a higher grade. Alan and Diane were charging $10, $12, $15 a coin based on the grade Alan assigned. Now, this is when the unethical roles of Alan and Diane Hager came into place. Alan would say to Bob, "Now, well, Bob, how are you going to pay for these certification fees?," knowing that he would end up with half of Bob's coins, mostly undergraded pieces and gold coins, as payment for certification fees. After Bob Johnson would leave the office all of these gold coins and undergraded coins would be placed on my desk for relabeling. What graded as an MS-61 would become an MS 64; an MS-62 would become an MS-65, and an MS-63 would become an MS-66. After the coins were reholdered to the newly assigned grade he would then proceed to AH Collectibles room and have Clayton Spencer list some or all of these coins on his eBay site on AH Collectibles."
This is the same Bob Johnson that won round 2(?) of the PCGS grading contest. If he's such a hot shot grader, how is it possible he got duped by Hager with undergraded coins?
In this section, the following is said:
Number 3:
Alan and Diane Hager dealt with a well known Florida coin dealer Bob Johnson, who sells on the Internet, eBay as "centsles." Bob would come into the shop ASA-Accugrade weekly and submit some 500 to 600 coins for grading. Al Hager would himself grade all Bob's coins. I would put the labeling on the assigned grades to the coins and some of them in Accugrade holders. Alan would drastically downgrade all Bob's coins knowing the certification fees on the 500 to 600 coins graded would be expensive, because Alan would charge the same rate as if it were a higher grade. Alan and Diane were charging $10, $12, $15 a coin based on the grade Alan assigned. Now, this is when the unethical roles of Alan and Diane Hager came into place. Alan would say to Bob, "Now, well, Bob, how are you going to pay for these certification fees?," knowing that he would end up with half of Bob's coins, mostly undergraded pieces and gold coins, as payment for certification fees. After Bob Johnson would leave the office all of these gold coins and undergraded coins would be placed on my desk for relabeling. What graded as an MS-61 would become an MS 64; an MS-62 would become an MS-65, and an MS-63 would become an MS-66. After the coins were reholdered to the newly assigned grade he would then proceed to AH Collectibles room and have Clayton Spencer list some or all of these coins on his eBay site on AH Collectibles."
This is the same Bob Johnson that won round 2(?) of the PCGS grading contest. If he's such a hot shot grader, how is it possible he got duped by Hager with undergraded coins?
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The ACG saga will haunt us for a long time yet...............
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't an optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
What graded as an MS-61 would become an MS 64; an MS-62 would become an MS-65, and an MS-63 would become an MS-66. After the coins were reholdered to the newly assigned grade he would then proceed to AH Collectibles room and have Clayton Spencer list some or all of these coins on his eBay site on AH Collectibles."
So, senseless never sold these coins. Hager did, after cracking and overgrading them.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't an optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
"burn me once, shame on you, burn me twice, shame on me."
peacockcoins
When you send in a coin to have a grade assigned, the submission form tells you to write in the grade you want for the coin.
Warning: Do not go to the website after a shower because you will still feel dirty.
Joe
Looking for PCGS AU58 Washington's, 32-63.
I'm sure the reason he sent them there was that they gave him a volume discount, he didn't have to pay shipping and people prefer to buy coins in slabs. Knowing this about him makes me feel quite sympathetic to him.
Grading results
<< <i>This is the same Bob Johnson that won round 2(?) of the PCGS grading contest. If he's such a hot shot grader, how is it possible he got duped by Hager with undergraded coins? >>
If so, why would a world class grader let his coins be so undergraded????
Maybe we should not believe everything that is put in print?????
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't an optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....