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How many times have you heard...

SmittysSmittys Posts: 9,876 ✭✭✭✭✭
in U.S. Coin Forum
PCGS or any good service like PSA NGCetc... is going to switch coins or cards on you.?
I just got done talking to someone who believes that how they make their money
buy switching your coins & cards.

What kind of mindset does it take to think this way?
https://www.ebay.com/str/christyscoins

Comments

  • rsdoug81rsdoug81 Posts: 682 ✭✭
    I saw a black helicopter today.
  • JustaRookieJustaRookie Posts: 566 ✭
    I know of a specific case where an acquaintance got a coin back from ANACs that was obviously not the coin that was submitted. He contacted ANACs and apparently there was a mix up, at least that was what was conveyed to him, and the proper coin was returned to him. Truth or TPG got caught, one may never know.
    Charter member of CA, Coinaholics Anonymous-6/7/2003
    Kewpie Doll award-10/29/2007
    Successful BST transactions with Coinboy and Wondercoin.
  • poorguypoorguy Posts: 4,317 ✭
    What kind of mindset does it take to think this way?

    image
    Brandon Kelley - ANA - 972.746.9193 - http://www.bestofyesterdaycollectibles.com
  • ARCOARCO Posts: 4,396 ✭✭✭✭✭
    I agree. Companies spend hundreds of thousands of dollars creating a business infrastructure to market their knowledge and expertise to be able to provide a reliable third party grading opinion for a price and a hopeful profit. They hire knowledgeable graders worth six figure incomes to provide that knowledge and expertise. They have potentially millions in expected profits due to the economies of scale and difficulty of entry for other competitors (competent competition)...and they are going to piss it away trying to switch out coins?

    I ususally recommend such people dig into their medications and double the dosage as fast as they can open the bottle. image

    Tyler
  • RWRW Posts: 485 ✭


    << <i>What kind of mindset does it take to think this way? >>



    Someone who assumes the mentality that there will be an attempt to rip them off is very often likely try to rip YOU off. That is one of the most valuable lessons I've learned in business. People like that just think that's how the game is played and they better get you before you get them. Sad.
  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭


    << <i>What kind of mindset does it take to think this way?

    image >>



    HaHaHa - I am LMAO ----good oneimage
    Some coins are just plain "Interesting"
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    The TPGS's makes money on their reputation....why kill the cash cow?
  • BearBear Posts: 18,953 ✭✭✭
    Call for ZOLOFT in the economy size bottle.
    There once was a place called
    Camelotimage
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>
    What kind of mindset does it take to think this way? >>



    The tinfoil hat crowd. They're out there, yes, they are.

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

  • PerryHallPerryHall Posts: 46,280 ✭✭✭✭✭


    << <i>

    << <i>
    What kind of mindset does it take to think this way? >>



    The tinfoil hat crowd. They're out there, yes, they are. >>



    People that have been ripped off and scammed one too many times tend to be paranoid. Can you blame them?




    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • MyqqyMyqqy Posts: 9,777 ✭
    I ususally recommend such people dig into their medications and double the dosage as fast as they can open the bottle.

    Changing your med dosages without consulting with a competant medical professional can be disastrous.... image
    My style is impetuous, my defense is impregnable !
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>
    What kind of mindset does it take to think this way? >>



    The tinfoil hat crowd. They're out there, yes, they are. >>



    People that have been ripped off and scammed one too many times tend to be paranoid. Can you blame them? >>



    You mean the same folks who think that they are going to get smothing for nothing on the 'Bay of E?

    Perry, I always appreciate your posts, but if a person who has been ripped off and scammed one too many times is paranoid of PCGS swapping coins on them intentionally... I would suggest that such a person take a couple of years off and heal their wounds. There are plenty of folks in line way ahead of PCGS for whom one should be paranoid.

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

  • pendragon1998pendragon1998 Posts: 2,070 ✭✭✭


    << <i>I ususally recommend such people dig into their medications and double the dosage as fast as they can open the bottle.

    Changing your med dosages without consulting with a competant medical professional can be disastrous.... image >>



    ...Says the guy with a bow-tie wearing ferret in his sig line ;-)
  • stiffystiffy Posts: 407
    Someone who assumes the mentality that there will be an attempt to rip them off is very often likely try to rip YOU off. That is one of the most valuable lessons I've learned in business. People like that just think that's how the game is played and they better get you before you get them. Sad.

    Those people tend to be the ones who would very likely rip you off that way if they had a chance. They rationalize that "everyone" is doing it. Just like shill bidding, or any other dishonest act.

    When someone says EVERYONE is breaking smoe rule, they are simply admitting to me that they break the rule themselves, nothing more.

    Any sane grading co. videos the opening of the package. Only a newbie (who has the wrong ideas off the bat) would think that a switch will be successful, especially in this day and age of imaging.

    Next, a grading service is only as good, and maybe not as good, as its reputation. A switched coin, proven, would be a major problem...

    All services would likely suffer if enough switches happened at one firm.

    Ultimately, graders make their nut by certifying, not switching.
  • CoindexterCoindexter Posts: 1,074
    I think I'd tell a person making outlandish claims like this to log on to this forum and ask any of the hundreds of folks here that have submitted coins to TPGs if they've ever experienced the ol' switcharoo. It's never happened to me (though my sample size is small). I'd wager that it's not even happened to those amongst our ranks that submit hundreds of coins or more per year.
  • PerryHallPerryHall Posts: 46,280 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>
    What kind of mindset does it take to think this way? >>



    The tinfoil hat crowd. They're out there, yes, they are. >>



    People that have been ripped off and scammed one too many times tend to be paranoid. Can you blame them? >>



    You mean the same folks who think that they are going to get smothing for nothing on the 'Bay of E?

    Perry, I always appreciate your posts, but if a person who has been ripped off and scammed one too many times is paranoid of PCGS swapping coins on them intentionally... I would suggest that such a person take a couple of years off and heal their wounds. There are plenty of folks in line way ahead of PCGS for whom one should be paranoid. >>



    I agree with you. These people are acting irrationally. I was just trying to explain why they think the way they do. People who distrust others are not always dishonest themselves as some have stated in this thread. Sometimes they're people who have been screwed in the past and they are now distrustful of others. Obviously, no TPGS would swap coins due to the fact the word would get out quickly and the company would go out of business.









    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • Conder101Conder101 Posts: 10,536 ✭


    << <i>People that have been ripped off and scammed one too many times tend to be paranoid. Can you blame them? >>


    Heck, I'm paranoid, and I hate the grading services, but even I don't believe they would do something like that. (They make their money on the return of the suckers, not from trying to rip the occaisional coin. If they had done that they would have been outed and lost out on hundreds of millions of dollars in grading fees over the past twenty years.)
  • 291fifth291fifth Posts: 24,390 ✭✭✭✭✭
    While it could happen by accident, any intentional switching is extremely unlikely. No one in management is going to risk the reputation of their business with a coin switching routine.
    All glory is fleeting.
  • BigTomBigTom Posts: 305 ✭✭✭


    << <i>

    << <i>I ususally recommend such people dig into their medications and double the dosage as fast as they can open the bottle.

    Changing your med dosages without consulting with a competant medical professional can be disastrous.... image >>



    ...Says the guy with a bow-tie wearing ferret in his sig line ;-) >>



    Now THAT'S a good call!!!! LMAO
  • SanctionIISanctionII Posts: 12,191 ✭✭✭✭✭
    Only once and I do not know if it is true or not. I heard of a situation where a person had an OBW roll of 20th century MS silver coins. He took the roll to a dealer and together they opened the roll and looked at each coin. One coin stood out far above and beyond the rest and the dealer thought it was the nicest example of the coin he had ever seen. The coin was sent to a TPG for grading. The coin that came back in a slab was not the same coin.

    It seems to me that the chances of a switch being made are remote. Further if it did happen, I suspect the switch would probably be done by an employee with no financial stake in the company and with a low profile position (i.e. clerical). For an equity owner or for one in a higher profile position, the risks of being involved in switching coins would simply be too high. If word got out, the consequences would be disasterous. However, that being said, one bad apple can ruin things.

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