Home U.S. Coin Forum
Options

Looks like NGC is taking the lead...

2»

Comments

  • Options
    PawPaulPawPaul Posts: 5,845


    << <i>Dimeman,
    I buy coins, then submit them to PCGS. Then I put them on ebay and sell them. Then I look at my bank account to make sure it has more than when I started .

    It's fundamental what my point is. >>




    this is logic anyone can follow ...........
  • Options
    leothelyonleothelyon Posts: 8,550 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>It says they take FREE pics of the coin and when someone tries to verify it on NGC's web site it show the pics of the coin for FREE! Did I mention FREE! >>




    Cool. I like free pictures. >>



    Right click on them and you get a "This photo is copyrighted by NGC. Contact us for permission to use this photo." The photo pretty much sucks anyway. --Jerry >>



    Now if we can send in all those OC's to NgC for their free photography service then we could all see just how great all those MS67's graded coins are. Yeah, I'm all for that!


    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • Options
    tradedollarnuttradedollarnut Posts: 20,616 ✭✭✭✭✭


    << <i> Sure you can find some nice coins in NGC holders, but most are pukie coins that can't get into a PCGS holder.

    i could not have said it better myself ! >>



    The vast majority of coins are graded exactly the same at NGC as they are at PCGS. The market then dictates that all those properly graded coins are sent to PCGS for crossover ad nauseum until the perception is that NGC grades like total crap. They don't.

    With that said, the vast majority of NGC coins that COLLECTORS have the chance to purchase are those that have already been tried ad nauseum for crossover, so yes I'd carefully check the quality.
  • Options
    TwoSides2aCoinTwoSides2aCoin Posts: 45,076 ✭✭✭✭✭
    TDN, thank you for posting and not leaving this place...because I don't have a finger on the pulse as YOU do.
  • Options
    tradedollarnuttradedollarnut Posts: 20,616 ✭✭✭✭✭
    This is not to say that NGC doesn't have slightly different standards on certain coins [such as seated liberty proofs] or tend to give the extra grade on eye appealing 18th and 19th century coinage - cuz they do. But after grading forces really affect the perception of how they grade.
  • Options
    DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭
    TDN - I agree with you 100% on the 18 and 19th century coins. I bought a 1847 NCG AU58 dime out of Heritage several years ago. It was out of the Riever collection. I knew it wouldn't 58 at PCGS, but it was pretty. It crossed over as a 53.

    Here is a pic.
  • Options
    Wolf359Wolf359 Posts: 7,666 ✭✭✭
    I guess PCGS will do it when NGC learns how to VAM.
  • Options
    GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭


    << <i>TDN - I agree with you 100% on the 18 and 19th century coins. I bought a 1847 NCG AU58 dime out of Heritage several years ago. It was out of the Riever collection. I knew it wouldn't 58 at PCGS, but it was pretty. It crossed over as a 53.

    Here is a pic. >>



    Ignore the Reiver pedigreed NGC coins. They don't reflect NGC's standards very well. 95% are very generously graded.
  • Options
    ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭


    << <i>The vast majority of coins are graded exactly the same at NGC as they are at PCGS. >>



    I respectfully totally disagree.
  • Options
    tradedollarnuttradedollarnut Posts: 20,616 ✭✭✭✭✭


    << <i>

    << <i>The vast majority of coins are graded exactly the same at NGC as they are at PCGS. >>



    I respectfully totally disagree. >>



    I concede - I usually say "majority of the coins I collect". I don't follow moderns or colonials and I don't know why I added 'vast' this time.

    I also would have to wonder at what point do we decide a coin was graded differently or the same between the two services? Would that be the first 4 times I submitted a coin to the two services and it received the same grade, the 5th time when it went up at NGC, the 6th-8th times that it didn't cross or the 9th time when it did? image

    It's the above real life example that leads me to state what I state. Behind the scenes, most of the times the darn things come back the same grade....then eventually go up at NGC.....then eventually cross at PCGS.
  • Options
    DieClashDieClash Posts: 3,688 ✭✭✭
    I agree it's a good idea. Probably nothing can be done about the already hundreds of thousands of slabbed coins out there. And to add insult to injury how do they protect against the crackout artists? The very skilled and artistic Drs. who can alter some high-punch coins and get away with it? Least you forget the before/after images below were cracked out of a top-tier TPG slab, altered in a mere 8 mos. and reslabbed in a top-3 TPG slab. It seems to me that pics of the original slabbed coin cannot protect against this type of messed-with coin. BTW, the messed with ATd example here commanded a $26K premium over its "original" messed-with "white" self, which IMO was too brilliant white to begin with. As one poster in the original thread indicated [sic]: "It takes pretty big nads to mess with this caliber/value coin"


    Oops! I forgot to add that the doctored ATd coin commanded $26k more at auction than its blast-white (similarly altered) predecessor!!

    imageimage


    EDITED: for grammar and spelling image
    "Please help us keep these boards professional and informative…. And fun." - DW
    ---------------------------------------------------------------------------------------------------------------------------------------
    BONGO HURTLES ALONG THE RAIN SODDEN HIGHWAY OF LIFE ON UNDERINFLATED BALD RETREAD TIRES
  • Options
    tradedollarnuttradedollarnut Posts: 20,616 ✭✭✭✭✭
    I bet I know who did it and he's already been mentioned in another thread here today. image
  • Options
    FrankcoinsFrankcoins Posts: 4,572 ✭✭✭


    << <i>Like I've said before. This is not a solution. It will help with newly slabbed coins but there are still literally millions of coins out there with no photo on file. --Jerry >>



    NGC has been photographing the coins in the slabs for some time, and has over a million images on file. This was
    not disclosed at the time. PCGS likely has done the same.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file