Just noticed this Q&A at the bottom of Aboncom's ASE auction.....
Q: If I send into PCGS will it be graded as MS-70?
A: In the May 26, 2003 edition of Coin World, the hobby newspaper had announced they had contracted investigators to conduct a year-long, comparative study of PCGS, ACCGS, NGC, Numismatic Guaranty Corporation and several other grading services, each know as a Third Party Grader (TPG). In their investigation, several of the same coins were sent to each grading service over the course of a year, each graded by all Third Party Graders sent to. In no case did the grading services agree on the grade of any given coin, and in some cases the difference in grading was seven points off. Coin World further reported that in one case ACCGS had graded a coin as "cleaned" and several grades lower than PCGS, which PCGS had not noted the same coin was "cleaned". PCGS had failed to note on their holders that thousands of shipwreck coins had not been cleaned, although the coins were in fact encrusted with sea debris and barnacles, and cleaned in acid baths. It is standard for professional dealers to note when coins have been cleaned or treated in acid baths, and not doing so can be considered unprofessional and unethical by some numismatists. Further, in U.S. Numismatics, it is standard to grade coins on a point-scale from 1 (poor) to 70 (perfect) and to note on the coin holder if a coin has been cleaned or poorly mishandled, or in some cases, to reject it for encapsulation. In 1990 the FTC (Federal Trade Commission), which oversees business ethics and fraud, filed a civil action against PCGS alleging exaggerated advertising claims. PCGS did not admit wrongdoing, but agreed to submit its advertising for review for a period of five years. In a filing in Federal district court in Washington, the company agreed to include a statement in its newspaper and television advertising affirming that certification by PCGS does not guarantee protection.
<< <i>Just noticed this Q&A at the bottom of Aboncom's ASE auction.....
Q: If I send into PCGS will it be graded as MS-70?
A: In the May 26, 2003 edition of Coin World, the hobby newspaper had announced they had contracted investigators to conduct a year-long, comparative study of PCGS, ACCGS, NGC, Numismatic Guaranty Corporation and several other grading services, each know as a Third Party Grader (TPG). In their investigation, several of the same coins were sent to each grading service over the course of a year, each graded by all Third Party Graders sent to. In no case did the grading services agree on the grade of any given coin, and in some cases the difference in grading was seven points off. Coin World further reported that in one case ACCGS had graded a coin as "cleaned" and several grades lower than PCGS, which PCGS had not noted the same coin was "cleaned". PCGS had failed to note on their holders that thousands of shipwreck coins had not been cleaned, although the coins were in fact encrusted with sea debris and barnacles, and cleaned in acid baths. It is standard for professional dealers to note when coins have been cleaned or treated in acid baths, and not doing so can be considered unprofessional and unethical by some numismatists. Further, in U.S. Numismatics, it is standard to grade coins on a point-scale from 1 (poor) to 70 (perfect) and to note on the coin holder if a coin has been cleaned or poorly mishandled, or in some cases, to reject it for encapsulation. In 1990 the FTC (Federal Trade Commission), which oversees business ethics and fraud, filed a civil action against PCGS alleging exaggerated advertising claims. PCGS did not admit wrongdoing, but agreed to submit its advertising for review for a period of five years. In a filing in Federal district court in Washington, the company agreed to include a statement in its newspaper and television advertising affirming that certification by PCGS does not guarantee protection. >>
Interesting that that in NO WAY actually answers the question that it's supposed to, unless I'm just too tired and missed it.
Actively Collecting: Yearly Mint Stuff, Ikes, SBAs Passively Collecting: All coins currently circulating Type Set: (20th-21st century) First year of issue (or 1901), P Mint, ALL varieties
<< <i>Just noticed this Q&A at the bottom of Aboncom's ASE auction.....
Q: If I send into PCGS will it be graded as MS-70?
A: In the May 26, 2003 edition of Coin World, the hobby newspaper had announced they had contracted investigators to conduct a year-long, comparative study of PCGS, ACCGS, NGC, Numismatic Guaranty Corporation and several other grading services, each know as a Third Party Grader (TPG). In their investigation, several of the same coins were sent to each grading service over the course of a year, each graded by all Third Party Graders sent to. In no case did the grading services agree on the grade of any given coin, and in some cases the difference in grading was seven points off. Coin World further reported that in one case ACCGS had graded a coin as "cleaned" and several grades lower than PCGS, which PCGS had not noted the same coin was "cleaned". PCGS had failed to note on their holders that thousands of shipwreck coins had not been cleaned, although the coins were in fact encrusted with sea debris and barnacles, and cleaned in acid baths. It is standard for professional dealers to note when coins have been cleaned or treated in acid baths, and not doing so can be considered unprofessional and unethical by some numismatists. Further, in U.S. Numismatics, it is standard to grade coins on a point-scale from 1 (poor) to 70 (perfect) and to note on the coin holder if a coin has been cleaned or poorly mishandled, or in some cases, to reject it for encapsulation. In 1990 the FTC (Federal Trade Commission), which oversees business ethics and fraud, filed a civil action against PCGS alleging exaggerated advertising claims. PCGS did not admit wrongdoing, but agreed to submit its advertising for review for a period of five years. In a filing in Federal district court in Washington, the company agreed to include a statement in its newspaper and television advertising affirming that certification by PCGS does not guarantee protection. >>
Interesting that that in NO WAY actually answers the question that it's supposed to, unless I'm just too tired and missed it. >>
To be fair, that is a stupid question which doesn't really have a definitive answer. I think it does answer the question. Nobody knows what it will grade, until it comes back.
I saw that question as a thinly-veiled comment on the seller's assertion that the coin is MS70. The seller, knowing better, avoided the question. Caveat emptor.
(And what's the latin for "and the seller's a dirtbag"?)
I didn't have anything against ANACS until they became associated with HSN and over graded moderns. That was a few years ago, so it's been a few years since the ANACS slab meant anything more than a 2x2 to me.
"YOU SUCK!" Awarded by nankraut/renomedphys 6/13/13 - MadMarty dissents
FWIW, the Mint will not be taking orders for the 2010 gold and silver eagles until Jan. 20, for pickup on Jan. 25. TD
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Comments
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EAC 6024
First day ANACS slab not worth $27
eBay Link
<< <i>Buy 100 pieces for $22.75 each raw........free S&H
First day ANACS slab not worth $27
eBay Link >>
Check that again, those are 100 bucks each!
<< <i>
<< <i>Buy 100 pieces for $22.75 each raw........free S&H
First day ANACS slab not worth $27
eBay Link >>
Check that again, those are 100 bucks each!
Either you got your math wrong, or I need a new calculator.
This went for $34 on eBay.......I love that image!!!
eBay Link
Just noticed this Q&A at the bottom of Aboncom's ASE auction.....
Q: If I send into PCGS will it be graded as MS-70?
A: In the May 26, 2003 edition of Coin World, the hobby newspaper had announced they had contracted investigators to conduct a year-long, comparative study of PCGS, ACCGS, NGC, Numismatic Guaranty Corporation and several other grading services, each know as a Third Party Grader (TPG). In their investigation, several of the same coins were sent to each grading service over the course of a year, each graded by all Third Party Graders sent to. In no case did the grading services agree on the grade of any given coin, and in some cases the difference in grading was seven points off. Coin World further reported that in one case ACCGS had graded a coin as "cleaned" and several grades lower than PCGS, which PCGS had not noted the same coin was "cleaned". PCGS had failed to note on their holders that thousands of shipwreck coins had not been cleaned, although the coins were in fact encrusted with sea debris and barnacles, and cleaned in acid baths. It is standard for professional dealers to note when coins have been cleaned or treated in acid baths, and not doing so can be considered unprofessional and unethical by some numismatists. Further, in U.S. Numismatics, it is standard to grade coins on a point-scale from 1 (poor) to 70 (perfect) and to note on the coin holder if a coin has been cleaned or poorly mishandled, or in some cases, to reject it for encapsulation. In 1990 the FTC (Federal Trade Commission), which oversees business ethics and fraud, filed a civil action against PCGS alleging exaggerated advertising claims. PCGS did not admit wrongdoing, but agreed to submit its advertising for review for a period of five years. In a filing in Federal district court in Washington, the company agreed to include a statement in its newspaper and television advertising affirming that certification by PCGS does not guarantee protection.
<< <i>Just noticed this Q&A at the bottom of Aboncom's ASE auction.....
Q: If I send into PCGS will it be graded as MS-70?
A: In the May 26, 2003 edition of Coin World, the hobby newspaper had announced they had contracted investigators to conduct a year-long, comparative study of PCGS, ACCGS, NGC, Numismatic Guaranty Corporation and several other grading services, each know as a Third Party Grader (TPG). In their investigation, several of the same coins were sent to each grading service over the course of a year, each graded by all Third Party Graders sent to. In no case did the grading services agree on the grade of any given coin, and in some cases the difference in grading was seven points off. Coin World further reported that in one case ACCGS had graded a coin as "cleaned" and several grades lower than PCGS, which PCGS had not noted the same coin was "cleaned". PCGS had failed to note on their holders that thousands of shipwreck coins had not been cleaned, although the coins were in fact encrusted with sea debris and barnacles, and cleaned in acid baths. It is standard for professional dealers to note when coins have been cleaned or treated in acid baths, and not doing so can be considered unprofessional and unethical by some numismatists. Further, in U.S. Numismatics, it is standard to grade coins on a point-scale from 1 (poor) to 70 (perfect) and to note on the coin holder if a coin has been cleaned or poorly mishandled, or in some cases, to reject it for encapsulation. In 1990 the FTC (Federal Trade Commission), which oversees business ethics and fraud, filed a civil action against PCGS alleging exaggerated advertising claims. PCGS did not admit wrongdoing, but agreed to submit its advertising for review for a period of five years. In a filing in Federal district court in Washington, the company agreed to include a statement in its newspaper and television advertising affirming that certification by PCGS does not guarantee protection. >>
Interesting that that in NO WAY actually answers the question that it's supposed to, unless I'm just too tired and missed it.
Actively Collecting: Yearly Mint Stuff, Ikes, SBAs
Passively Collecting: All coins currently circulating
Type Set: (20th-21st century) First year of issue (or 1901), P Mint, ALL varieties
<< <i>
<< <i>Just noticed this Q&A at the bottom of Aboncom's ASE auction.....
Q: If I send into PCGS will it be graded as MS-70?
A: In the May 26, 2003 edition of Coin World, the hobby newspaper had announced they had contracted investigators to conduct a year-long, comparative study of PCGS, ACCGS, NGC, Numismatic Guaranty Corporation and several other grading services, each know as a Third Party Grader (TPG). In their investigation, several of the same coins were sent to each grading service over the course of a year, each graded by all Third Party Graders sent to. In no case did the grading services agree on the grade of any given coin, and in some cases the difference in grading was seven points off. Coin World further reported that in one case ACCGS had graded a coin as "cleaned" and several grades lower than PCGS, which PCGS had not noted the same coin was "cleaned". PCGS had failed to note on their holders that thousands of shipwreck coins had not been cleaned, although the coins were in fact encrusted with sea debris and barnacles, and cleaned in acid baths. It is standard for professional dealers to note when coins have been cleaned or treated in acid baths, and not doing so can be considered unprofessional and unethical by some numismatists. Further, in U.S. Numismatics, it is standard to grade coins on a point-scale from 1 (poor) to 70 (perfect) and to note on the coin holder if a coin has been cleaned or poorly mishandled, or in some cases, to reject it for encapsulation. In 1990 the FTC (Federal Trade Commission), which oversees business ethics and fraud, filed a civil action against PCGS alleging exaggerated advertising claims. PCGS did not admit wrongdoing, but agreed to submit its advertising for review for a period of five years. In a filing in Federal district court in Washington, the company agreed to include a statement in its newspaper and television advertising affirming that certification by PCGS does not guarantee protection. >>
Interesting that that in NO WAY actually answers the question that it's supposed to, unless I'm just too tired and missed it. >>
To be fair, that is a stupid question which doesn't really have a definitive answer. I think it does answer the question. Nobody knows what it will grade, until it comes back.
However I have had some HSN coin set come into my store and theprice they get for them is about 10 times more than they should be.
(And what's the latin for "and the seller's a dirtbag"?)
Tiger trout, Deerfield River, c. 2001.
<< <i>
(And what's the latin for "and the seller's a dirtbag"?) >>
dirtbagus?
TD