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DLRC will be self slabbing to their grading firm DGS.

fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
in U.S. Coin Forum
All coins they own and submit will have the letter "D" in the serial number on the holder.
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Comments

  • dohdoh Posts: 6,457 ✭✭✭
    Hmm...sounds a little shady to me.
    Positive BST transactions with: too many names to list! 36 at last count.
  • dbldie55dbldie55 Posts: 7,739 ✭✭✭✭✭
    How is that shady. Would it better to not distinguish them?
    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • SilverEagles92SilverEagles92 Posts: 6,787 ✭
    I think he means it could be considered a conflict of interest, but as long as they certify them with the D, everything should be fine.
    image
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  • dohdoh Posts: 6,457 ✭✭✭


    << <i>How is that shady. Would it better to not distinguish them? >>



    Um....they're taking their own coins and having them graded by a company they own...are you kidding me? If that's the case they're no better than the self-slabbers that are banned from eBay.
    Positive BST transactions with: too many names to list! 36 at last count.
  • SilverEagles92SilverEagles92 Posts: 6,787 ✭


    << <i>

    << <i>How is that shady. Would it better to not distinguish them? >>



    Um....they're taking their own coins and having them graded by a company they own...are you kidding me? If that's the case they're no better than the self-slabbers that are banned from eBay. >>



    Well, then, what about the fact that David Hall only sells PCGS graded coins?
    image
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  • BECOKABECOKA Posts: 16,961 ✭✭✭
    I don't see any issue as long as they are accurately graded.

    The initial stuff I have seen posted here about them seems like they are off to a good start in that department.
  • dohdoh Posts: 6,457 ✭✭✭


    << <i>Well, then, what about the fact that David Hall only sells PCGS graded coins >>


    yeah, well, PCGS is awesome, so who cares? HA! I do love the kool-aid! I've seen a DGS coin or two and haven't been impressed...that's all I'm saying.
    Positive BST transactions with: too many names to list! 36 at last count.
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Even PCGS says "ownership adds a grading point".image
  • UnknownUnknown
    This content has been removed.
  • ksteelheaderksteelheader Posts: 11,777 ✭
    There sure are a lot of paranoid people on this forum.image
  • PerryHallPerryHall Posts: 46,606 ✭✭✭✭✭


    << <i>

    << <i>How is that shady. Would it better to not distinguish them? >>



    Um....they're taking their own coins and having them graded by a company they own...are you kidding me? If that's the case they're no better than the self-slabbers that are banned from eBay. >>



    If they overgraded their own coins, they would be destroying their own grading service. Do you really believe that they are that stupid?


    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

  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    I'm not terribly enamored with the idea of self-slabbing, but as long as there is some transparency with how the slabs are labeled, I can live with it.

  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Does his make them a single party grading service instead of third party grading service?
  • MokiMoki Posts: 259


    << <i>I don't see any issue as long as they are accurately graded. >>




    << <i>If they overgraded their own coins, they would be destroying their own grading service. Do you really believe that they are that stupid? >>


    image

    I agree with these two gentlemen . . . ultimately, their success or lack of will depend on their reputation.


  • Oldtrader3Oldtrader3 Posts: 121 ✭
    Real One: Have another glass of cool-aid. David Lawrence and his late father, have been in the coin business for many years and both have written several well received books. What makes you think that they don't know as much about coins as David Hall?
  • WindycityWindycity Posts: 3,525 ✭✭✭✭✭
    This creates suspicion. What advantage does it provide the owner of the slab??? None that I can see and yet David Hall wants it identified as their submission. Will they offer W for Whitlow, H for Heritage, etc.??? I just don’t understand the motive and again, it creates suspicion.
    <a target=new class=ftalternatingbarlinklarge href="http://www.mullencoins.com">Mullen Coins Website - Windycity Coin website
  • Dave99BDave99B Posts: 8,645 ✭✭✭✭✭
    Dealers slabbing their own material is a very, very bad idea.

    Dave
    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • FrankcoinsFrankcoins Posts: 4,571 ✭✭✭


    << <i>Hmm...sounds a little shady to me. >>



    A grading company operated by a major dealer has MORE incentive to grade conservatively, since overgrading,
    especially in a rising market, could cause bankruptcy, and there would be assets that were available for
    paying claims. Other grading companies may have few assets and have a net worth equal to some empty shells and a sonic sealing machine (see PCI) or "assets" based on the value of their corporate stock.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • FrankcoinsFrankcoins Posts: 4,571 ✭✭✭


    << <i>Dealers slabbing their own material is a very, very bad idea.

    Dave >>



    Depends on the reliablilty of the dealer. David Hall began has a self slabber, and the grades hold today. So do Dave Bowers' Hallmark slabs, Blanchard's slabs, Heritage's NCI slabs, Hannes Tulving...

    Some of the junk that's "market acceptable" today would NEVER have been graded by those "self slabbers"
    20 years ago.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • buffalohunterbuffalohunter Posts: 364
    time will tell............image
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    I like the "D" idea. It's gutsy to allow the comparison, and will keep everything honest, imo. Seems very smart to me.
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    I also really like the "D" in the slabs serial number idea. I know the David Lawerence crew are an honest , good bunch of guys. Even with that said, a conflict of interest is still a conflict of interest.
  • CoinHuskerCoinHusker Posts: 5,033 ✭✭✭
    I wonder if they will do "free" promo slabbing for clubs, etc. like the previous company did? image
    Collecting coins, medals and currency featuring "The Sower"
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>How is that shady. Would it better to not distinguish them? >>



    Um....they're taking their own coins and having them graded by a company they own...are you kidding me? If that's the case they're no better than the self-slabbers that are banned from eBay. >>



    Well, then, what about the fact that David Hall only sells PCGS graded coins? >>



    And CAC stickers coins to be sold by the Consortium.

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

  • UnknownUnknown
    This content has been removed.
  • chiefbobchiefbob Posts: 1,077 ✭✭✭
    I've submitted some Barber Halves and a couple of IHCs to DGS. They are grading very conservatively, much like the new ANACS. One of my IHCs came back with the label designating "questionable toning". With all the coin-doctored coins out there in slabs, I think it says a lot for DGS. Here's one other that I have a pic of:

    image


    BTW, the raw Barber Halves I bought were graded accurately and conservatively. The "D" for DLRC coins? Kudos to them for transparency!
    Retired Air Force 1965-2000
    Vietnam Vet 1968-1969
  • GemineyeGemineye Posts: 5,374 ✭


    << <i>All coins they own and submit will have the letter "D" in the serial number on the holder. >>


    This opens up a whole new can of worms.Once graded by the the self-slabber who is a self respected dealer what's to stop him from getting those little green stickers to say they are "Proper" for the grade....???
    ......Larry........image
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>All coins they own and submit will have the letter "D" in the serial number on the holder. >>



    I guess I don't understand the need for the 'D'. Aren't their slabs different? Their online auctions and web store don't mention the serial number anyway so what's the point?

    As for them slabbing their own stuff?

    Heck, I slab my own stuff all the time. I put it in a 2x2, write my grade opinion on it, then put it in the safe with the rest of them.

    As long as the grading is correct what should it matter?
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • numismanumisma Posts: 3,877 ✭✭✭✭

    Heck, I slab my own stuff all the time. I put it in a 2x2, write my grade opinion on it, then put it in the safe with the rest of them.

    19lyds beat me to it. To me, a slab -- regardless of the company doing the grading -- is just a fancy coin holder. That's all. So DLRC wants to slab their entire inventory in their holders with their grades. Where's the problem? It is no different than any other dealer who writes their grade opinion on a 2X2 flip. DLRC is trying to promote their certification business, so it is only logical that they get as many coins into their holder as possible. At some point we as collectors cross a line where the holder (slab, 2X2 or whatever) means absolutely nothing. My eyes go directly to the coin each and every time. Eventually I get around to looking at the holder for a price or grade opinion.
  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>I've submitted some Barber Halves and a couple of IHCs to DGS. They are grading very conservatively, much like the new ANACS. One of my IHCs came back with the label designating "questionable toning". With all the coin-doctored coins out there in slabs, I think it says a lot for DGS. Here's one other that I have a pic of:

    image


    BTW, the raw Barber Halves I bought were graded accurately and conservatively. The "D" for DLRC coins? Kudos to them for transparency! >>



    So far I have seen no reason to say anything bad about this new service, everything I have seen has been reasonably graded. I just don't like the slab.
  • CoinosaurusCoinosaurus Posts: 9,637 ✭✭✭✭✭
    I like the "D" idea. Transparency is almost always a good thing.
    Newman Numismatic Portal, www.NewmanPortal.org
  • jfoot13jfoot13 Posts: 2,671 ✭✭✭
    as far as returns, it sure will take the question of coins being returned in their original holder awayimage
    If you can't swim you better stay in the boat.......
  • pennyanniepennyannie Posts: 3,929 ✭✭✭
    "D" or no "D" slab is UGLY. I will not have any of my nice coins in that UGLY holder. David Lawernce is going to have to do something outstanding and different if he hopes to compete with the big boys. He is already off to a poor start with this UGLY slab.
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
  • GemineyeGemineye Posts: 5,374 ✭


    << <i>"D" or no "D" slab is UGLY. I will not have any of my nice coins in that UGLY holder. David Lawernce is going to have to do something outstanding and different if he hopes to compete with the big boys. He is already off to a poor start with this UGLY slab. >>


    That slab don't matter....once that little green sticker goes on ..its off to the big boys slabbin' CO. for an overhaul...!!!
    ......Larry........image
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
    Many financial companies avoid conflicts of interest between their divisions by creating so-called "Chinese Walls" between their departments.

    Of course, Chinese Walls can be gotten around, both the original and the new ones.

    The good thing here is that the self-graded coins will be available for all to see and compare with the "D."
    Private Mint News | 2010 Lincoln Reverse Finalists
  • pennyanniepennyannie Posts: 3,929 ✭✭✭
    I do not believe you can get a green bean to stick on that ugly slab. What would it have cost to start with new slabs? One rip on a new coin collector. That should not be that hard for a large company like DLRC.

    Those DLRC slabs remind me of those big box displays at wallyworld. 3 DVD's for 10 bucks. You know those DVD's with the slit cut in them.

    Pitiful it put a coin worth more than face value in those things.
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
  • seatedcoinsseatedcoins Posts: 1,096 ✭


    << <i>There sure are a lot of paranoid people on this forum.image >>




    Wow...I'm actually in agreement with Ksteele.
    Trustworthy BST sellers: cucamongacoin
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    If they overgraded their own coins, they would be destroying their own grading service. Do you really believe that they are that stupid?

    Same general scenario applies to the banks that were allowed to sell their own investment products (ie repealing of Glass-Steagel). They sold products that were AAA graded but were actually junk, and they knew it. Yet they've been experts in their fields for decades. So who would of thought they'd try to destroy themselves and their markets? Were they that stupid? (ie "that greedy?"). Apparently so.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • DavidLawrenceDavidLawrence Posts: 277 ✭✭
    Out of respect for the good people at PCGS and Coin Universe, I do not wish to post responses on this forum, but I have created a Blog. We can have a dialog there.

    BLOG page
    John Feigenbaum
  • lcoopielcoopie Posts: 8,873 ✭✭✭✭✭
    In my past purchases from David Lawrence,
    their integrity has been top notch in every way

    you can see who they hired to take pics

    their reply here indicates that as well.
    LCoopie = Les
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    we have tended to grade our own coins too conservatively for fear that we would set a bad precedent.

    This says it all. I don't think for an instant that DLRC would give themselves gift grades on their own coins.

    I think the major hurdle for them to overcome is to get their holders into Heritage auctions and by extension, eBay. Public acceptance will come when the coins in Dominion holders sell in auction for fair market value.

    I like John's blog page, please keep it up. At least it sounds even-tempered and honest.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • NHSBaseballNHSBaseball Posts: 2,470 ✭
    I thought the blog page was a good idea and was well-reasoned. I also think the few DGS coins I've seen have been conservatively graded. DLRC has spent a long time building their reputation, and they're taking a big chance by opening this grading service. I cannot help but think that they will act strongly to protect this.

    Competition is a good thing, and there is a vacuum in my opinion for the 3rd spot in the TPG game. Time will tell.

    I also do not care for the slabs because they promote a gut reaction that screams "PCI", and the loose grading that took place there.

    All just my opinion, of course.
    "College men from LSU- went in dumb, come out dumb too..."
    -Randy Newmanimage
  • highbidder1970highbidder1970 Posts: 167
    They are a self slabber. I have no use for them.
  • coinmaniccoinmanic Posts: 572


    << <i>They are a self slabber. I have no use for them. >>



    I suppose the same can be said of David Hall/PCGS in the past and Heritage/NGC. I bought 4 proof Seated lib Quarters from them last year in the DGS holders and was quite impressed with the conservative grading.
    SOCIALIZED MEDICINE: The wealthiest class treats the lowest class and sends the bill to the middle class.
  • highbidder1970highbidder1970 Posts: 167
    DGS is not even in the bluesheet. I think you would be out of luck trying to sell those.
  • coinmaniccoinmanic Posts: 572


    << <i>DGS is not even in the bluesheet. I think you would be out of luck trying to sell those. >>



    Already did at a 30% profit.
    SOCIALIZED MEDICINE: The wealthiest class treats the lowest class and sends the bill to the middle class.
  • fcfc Posts: 12,793 ✭✭✭


    << <i>DGS is not even in the bluesheet. I think you would be out of luck trying to sell those. >>



    just analyze the coin inside any holder and make your offer.
    dont make this too complicated. a competent coin dealer will do
    exactly the same thing on the buy side.

    frankly i like the tpgs for authentication and any possible guarantee
    that if the coin is fake they will make you whole.

    i will do the grading myself thank you very much.
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭


    << <i>Out of respect for the good people at PCGS and Coin Universe, I do not wish to post responses on this forum, but I have created a Blog. We can have a dialog there.

    BLOG page >>

    yeah yearh, whatever even from a year ago

    i still remember that for years & years you had big ads in coin-world that babbled about how crappy auctions are - & then all of a sudden you started running auctions yourself

    i also remember how when i sold you some coins, you bought 'em cheap because they were only "2 or 3 star coins", but when they showed up on your website, they magically became "4 star" coins.

    has anything changed since last year?

    K S
  • PerryHallPerryHall Posts: 46,606 ✭✭✭✭✭
    Do the owners of CAC self sticker their own slabs?

    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

  • HyperionHyperion Posts: 7,440 ✭✭✭
    buy
    coin
    not
    holder

    I've bought more from David Lawrence than any other place of thier type, and I would do so again without hesitation.
    My Ebay (None)

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