Those Anti-TPG people...
GoldenEyeNumismatics
Posts: 13,187 ✭✭✭
I have plenty of respect for people who choose to keep their coins raw. I would probably do it myself if I intended to hold onto them forever. One thing I don't like though is when people straight-out badmouth the TPG's in general. Not just regarding modern MS70s and the controversial stuff, but all TPG activity in the hobby.
At a recent coin club meeting one of the members, who sends coins into NGC and PCGS often, was complaining about how lots of his coins had bodybagged at NGC (at the same time he was also bragging about a big upgrade he had made). He kept on telling me how these graders are "out of their mind." I asked to see the coins in question. Sure enough, they deserved the BB's they had received, but this guy didn't want to hear my opinion. It ticked me off a little, but that wasn't what really bothered me.
Later at that meeting I was talking to another of the members, an older gentleman of about 65 or 70. I was looking at some coins he had for sale, all raw, and when he asked me why I wouldn't pay even greysheet bid for a specific piece, I at first told him it just "wasn't for me." He asked me why I "actually didn't want it." I told him I didn't think it would get in a TPG holder. To this he responded "All these grading services are entirely full of S**T. They don't know nothin' about anything." He then continued to rant about how unfair it was that NGC had bagged the other member's coins, etc etc.
It just annoyed me how this person could be so avidly against the grading companies, and then go on and base his arguments on coins which really did deserve to get bodybags.
At a recent coin club meeting one of the members, who sends coins into NGC and PCGS often, was complaining about how lots of his coins had bodybagged at NGC (at the same time he was also bragging about a big upgrade he had made). He kept on telling me how these graders are "out of their mind." I asked to see the coins in question. Sure enough, they deserved the BB's they had received, but this guy didn't want to hear my opinion. It ticked me off a little, but that wasn't what really bothered me.
Later at that meeting I was talking to another of the members, an older gentleman of about 65 or 70. I was looking at some coins he had for sale, all raw, and when he asked me why I wouldn't pay even greysheet bid for a specific piece, I at first told him it just "wasn't for me." He asked me why I "actually didn't want it." I told him I didn't think it would get in a TPG holder. To this he responded "All these grading services are entirely full of S**T. They don't know nothin' about anything." He then continued to rant about how unfair it was that NGC had bagged the other member's coins, etc etc.
It just annoyed me how this person could be so avidly against the grading companies, and then go on and base his arguments on coins which really did deserve to get bodybags.
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Comments
<< <i>One thing I don't like though is when people straight-out badmouth the TPG's in general >>
I agree
I for one want to know what I have. I also have no problem owning a coin with an altered surface, questionable color, etc if its eye appealing and I like it, its my money....
With the recent sale of ANACS this is an opportunity for PCGS to start slabbing problem coins.
"If I say something in the woods, and my wife isn't around to hear it. Am I still wrong?"
<< <i> With the recent sale of ANACS this is an opportunity for PCGS to start slabbing problem coins. >>
And shoot themselves in the foot if they actually use the PCGS brand to do it.
"If I say something in the woods, and my wife isn't around to hear it. Am I still wrong?"
My sig line sums it up precisely when people complain about their results with their grading results.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>I have plenty of respect for people who choose to keep their coins raw. I would probably do it myself if I intended to hold onto them forever. One thing I don't like though is when people straight-out badmouth the TPG's in general. Not just regarding modern MS70s and the controversial stuff, but all TPG activity in the hobby.
At a recent coin club meeting one of the members, who sends coins into NGC and PCGS often, was complaining about how lots of his coins had bodybagged at NGC (at the same time he was also bragging about a big upgrade he had made). He kept on telling me how these graders are "out of their mind." I asked to see the coins in question. Sure enough, they deserved the BB's they had received, but this guy didn't want to hear my opinion. It ticked me off a little, but that wasn't what really bothered me.
Later at that meeting I was talking to another of the members, an older gentleman of about 65 or 70. I was looking at some coins he had for sale, all raw, and when he asked me why I wouldn't pay even greysheet bid for a specific piece, I at first told him it just "wasn't for me." He asked me why I "actually didn't want it." I told him I didn't think it would get in a TPG holder. To this he responded "All these grading services are entirely full of S**T. They don't know nothin' about anything." He then continued to rant about how unfair it was that NGC had bagged the other member's coins, etc etc.
It just annoyed me how this person could be so avidly against the grading companies, and then go on and base his arguments on coins which really did deserve to get bodybags. >>
Many years ago there were actual screaming matches on the bourse.
The old grizzles were being forced out of their caves and had to compete on a level playing field.
A younger collector could stand his ground on a coin being a 64 vs. a 65
What it meant was the old dinosaurs could no longer foist their problem and over graded coins on an unsuspecting group of younger up and comers.
Many didn't take it well. There are still a few who grouse, but they're reaching their expiration date.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
That's so sick and wrong, like comparing old people to a gallon of milk....
What's even more wrong.. I can't stop laughing over that line
<< <i>They just have to use the same slab and a white label with red ink. >>
And label it a POS!
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>One thing I don't like though is when people straight-out badmouth the TPG's in general. Not just regarding modern MS70s and the controversial stuff, but all TPG activity in the hobby. >>
Can you say...dorkkarl.
The B&M shops still like to slip in that cleaned slider when they can, but on the whole it's 10X better than it was. Going to small shows in the 1970's it was not uncommon to see nearly every 19th century silver type coin in some dealers' cases cleaned. Of course that made it far easier to go through the cases....typically about 5 seconds.
roadrunner
In my experience, dealers in that timeframe manipulated much more because they could. I learned a couple of lessons and walked away from collecting for years. While you still have to buy the coin and not the grade, IMO, I've got more confidence in PCGS coins, especially buying over the internet.
<< <i>There will always be people resistant to change, but things change never the less. I suspect future generations will enbrace TPG more easily, as they grow up with it. Older people are often not as receptive. I still call the refrigerator an ice box. >>
You must be older than me!
When the TPG'S BB one of my coins, they're idiots, when they upgrade a coin, they're geniuses....
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
What was he supposed to do? Admit that he is the one that doesn't know how to grade? What fun would that be? This is a hobby, and it's supposed to be fun...
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>
<< <i>One thing I don't like though is when people straight-out badmouth the TPG's in general. Not just regarding modern MS70s and the controversial stuff, but all TPG activity in the hobby. >>
Can you say...dork. >>
I totally agree.
The TPGs are not perfect, but I think up to now, it's the best system we've ever had.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>
<< <i>There will always be people resistant to change, but things change never the less. I suspect future generations will enbrace TPG more easily, as they grow up with it. Older people are often not as receptive. I still call the refrigerator an ice box. >>
You must be older than me!
Where can you get a block of ice these days?
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>I like to think eBay made the coin world a safer place than the TPGs ever could
Ah yes. TPGs, Registry, and Ebay. The perfect formula for assembling the finest of collections.