I think NGC is setting a bad precedent slabbing replicas?
braddick
Posts: 24,513 ✭✭✭✭✭
NGC "authorized" slabbed replica on eBay
Personally, I think so.
The funds they'll generate won't surpass the bad press/feelings this move will generate.
What's your opinion regarding this?
Personally, I think so.
The funds they'll generate won't surpass the bad press/feelings this move will generate.
What's your opinion regarding this?
peacockcoins
0
Comments
even worse that the seller says authorized....
<< <i>NGC "authorized" slabbed replica on eBay
Personally, I think so.
The funds they'll generate won't surpass the bad press/feelings this move will generate.
What's your opinion regarding this? >>
ooohh, comes with a COA. Wow, I'll take two.
<< <i>very bad......
even worse that the seller says authorized.... >>
It says Authorized right on the label.
-Paul
<< <i>
<< <i>very bad......
even worse that the seller says authorized.... >>
It says Authorized right on the label.
-Paul >>
Yea but who authorized it? NGC or private mint? Seller seems to imply NGC....
It will set a good precedent to eat your collection. From XF-45 to MS-70. Don't forget about the DMPL's they're delicious!
Are we even sure that this is a genuine slab and not a counterfeit coin in a
counterfeit slab? How do they determine that it's 24k gold layered (could
be gold colored)? Hahahaha
funny for sure.
bob
<< <i>How do you folks feel about these ? >>
Mark, apples and oranges here don't you think? Gold layered vrs real gold?
There is value in the PCGS restrike slabs but I don't see value in the NGC slug slabs.
bob
<< <i>How do you folks feel about these ? >>
It may not be fair, but for various reasons my line is drawn on accepting the PCGS coin as a valid and worthy numismatic item worth slabbing, and not the NGC example. (Reason one: the PCGS example is gold. The NGC example is gold plated. Reason two: The PCGS example uses real dies. The NGC example does not. Reason three: NGC would also holder the PCGS example. PCGS would not holder the NGC example.)
More importantly Mark, do you?
I am pretty sure you are probably against the NGC replica being slabbed but are you also against the PCGS example you provided?
peacockcoins
<< <i>How do you folks feel about these ? >>
~touche'~
"Keep your malarkey filter in good operating order" -Walter Breen
<< <i>
<< <i>How do you folks feel about these ? >>
It may not be fair, but for various reasons my line is drawn on accepting the PCGS coin as a valid and worthy numismatic item worth slabbing, and not the NGC example. (Reason one: the PCGS example is gold. The NGC example is gold plated. Reason two: The PCGS example uses real dies. The NGC example does not. Reason three: NGC would also holder the PCGS example. PCGS would not holder the NGC example.)
More importantly Mark, do you?
I am pretty sure you are probably against the NGC replica being slabbed but are you also against the PCGS example you provided? >>
Pat, I think the Proof $50 restrikes are neat items and have no problems with them. And, while personally, I don't like the replicas being discussed, my initial reaction is that they are OK as well.
They are clearly marked as replicas and I believe that people should be able to buy and sell them if they care to. Yes, a dishonest person could crack them out and try to sell them to the unsuspecting as the real thing. But that could also be said about problem coins in genuine holders and other various restrikes that are slabbed.
I make the distinction between restrikes and replicas.
Perhaps not fairly, but the first is alright to slab and wrap PCGS and/or NGC plastic around while the second is not.
peacockcoins
<< <i>How do you folks feel about these ? >>
I feel much better about those. Look reasonably closely at the reverse and it says "SS CENTRAL AMERICA GOLD" and "STRUCK SEPTEMBER 3, 2001 - CHS." It is also made from gold recovered from the SS Central America. This is what is being certified by PCGS. The object in the NGC holder is one of those often deceptively marketed base metal rounds <tinyfont>plated with</tinyfont> <giantboldfont>GENUINE 24K GOLD!!!111</giantboldfont>. For the word "authorized" to be on the NGC label seems an attempt to lend some sort of legitimacy to the product as a coin.
In short, I see no fuzzy gray line in this comparison.
(Edited to change the name of the item in the NGC holder from "coin" to "object")
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>I wonder if they can get CAC'd. >>
How about a "GACCKKKKKKKKK!!!!"
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Empty Nest Collection
In honor of the memory of Cpl. Michael E. Thompson
Slabbed contemporary counterfeit
Both by PCGS.
Ed. S.
(EJS)
<< <i>the PCGS and NGC certified pieces discussed in this thread are lame, in my opinion. Additionally, I think pieces such as the 1804 large cent "restrike" are completely bogus and have no business being in NGC or PCGS holders or examined by CAC. . >>
<< <i>
<< <i>
<< <i>How do you folks feel about these ? >>
It may not be fair, but for various reasons my line is drawn on accepting the PCGS coin as a valid and worthy numismatic item worth slabbing, and not the NGC example. (Reason one: the PCGS example is gold. The NGC example is gold plated. Reason two: The PCGS example uses real dies. The NGC example does not. Reason three: NGC would also holder the PCGS example. PCGS would not holder the NGC example.)
More importantly Mark, do you?
I am pretty sure you are probably against the NGC replica being slabbed but are you also against the PCGS example you provided? >>
Pat, I think the Proof $50 restrikes are neat items and have no problems with them. And, while personally, I don't like the replicas being discussed, my initial reaction is that they are OK as well.
They are clearly marked as replicas and I believe that people should be able to buy and sell them if they care to. Yes, a dishonest person could crack them out and try to sell them to the unsuspecting as the real thing. But that could also be said about problem coins in genuine holders and other various restrikes that are slabbed. >>
The items are clearly marked "COPY" and regardless of what they are made of, I find nothing wrong with NGC slabbing them. It's their business and this has no reflection on their ability to grade authentic US coinage.
Is this really any different than slabbing a medal?
The name is LEE!
Available at the Odyssey website for 29.95:
The Authorizer of the replica
Their product description:
"Layered in 24-karat gold a faithful replica of one of the rarest vintage American gold coins. Comes in its own velveteen pouch with a Certificate of Authenticity detailing the fascinating history of this rare replica. If brought to auction, the original coin would command over $1,000,000 with no more than 3 examples known to exist! The one recovered from the SS Republic has been hailed as the finest of them all. This hefty 1-ounce replica is an affordable way to hold Civil War-era history in your hand. It honors the legacy - and recovery - of one of the most famous and valuable gold pieces minted by the United States."
The price of gold is set by faith, or lack of, in the currency it is priced in.
<< <i>Slabbed Edwards copy
Slabbed contemporary counterfeit
Both by PCGS. >>
Thank You.
The name is LEE!
<< <i>All I can think of saying is S T U P I D! >>
Why?
When first we practice to slab sleaze!"
TD
.....and an OT rant.
It NEVER fails that if there's a link in the OP, and I scroll down to see if someone posted a pic of the link, its not there and I have to go back to the top and open the link.
BUT, if I open the link first and then scroll through the posts, almost without exception, someone will have posted a pic of the link.
<< <i>"Oh what tangled webs we weave, When first we practice to slab sleaze!" TD >>
That rhymes like a country song....
John
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Let me rephrase the question:
Does "Authorized Replica From the SS Republic Shipwreck" properly describe this piece?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>I would not Plus or sticker something like that. >>
It's not like you or anyone else could, anyway, as they aren't graded.
away from such nonsense.
Camelot
<< <i>This is not a good move for any reputable TPG. I am glad PCGS has stayed
away from such nonsense. >>
They didn't
The price of gold is set by faith, or lack of, in the currency it is priced in.
Any company can slab and market whatever they wish, as long as they are honest. I see nothing dishonest about what NGC has done, nor do I see anything dishonest in what the seller is trying to do.
Although, I do agree with Andy and that the wording should be properly rearranged to describe exactly what these things are. In other words, the replicas themselves are not from the shipwreck, but the things are replicas of the actual coins in the shipwreck.
Just a little wordsmithing is all that is needed.
... but I do think it could lower the NGC brand a little in the public's eyes. Amateurs who buy these could be misled about the authenticity or value of these coins, because they heard that NGC is one of the top grading companies. Then, when they try to sell them @ the local B&M and the dealer passes, they may doubt NGC's credibility. If you think calling something a 'replica' helps to prevent this, have a look on eBay at the prices some coins from China are bringing. A lot of those show coins with 'replica' photoshopped onto them, and they can still get big bids.