PCGS also slabbed a replica of the $10 gold Baldwin & Co./Horseman territorial gold coin.
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
Respect is earned. It can also be lost. They have the right to do this. We have the right to dis-approve. 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.
It reminds me that some people buy the newspaper just for the comic strips. Some guys buy Playboy, just for the pictures and some folks buy plastic for investment purposes. I suppose a replica is good enough for NGC. If it fits in their holder, they ought to slab it. Could we get some wooden nickels slabbed ? They look like the original Buffalo Nickel in a sort of cartoonish kind of way
<< <i>I can live with them certifying the coin as a replica, even if it weakens the NGC brand. What I have trouble with is them certifying that the piece is an "Authorized Replica From the SS Republic Shipwreck". Obviously, none of these replicas came from the shipwreck. So what exactly do they mean?
>>
It means that NGC will slab just about anything for a fee. This is not a good portent for the future, and certainly doesn't instill confidence in the brand, IMO.
Member: EAC, NBS, C4, CWTS, ANA
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
This is really nothing new. Back in 2006, NGC slabbed a "fantasy" piece based on Morgan's $100 Union drawings. I remembered the ad being in "Smithsonian" magazine but didn't remember how long ago it was. A search of "union" brought up a thread about it.
I recall at the time thinking that is was kinda stupid for NGC to be slabbing them.
I'm not necessarily against it as marketing is concerned. But we're talking the grading company that gets the contract to be the official grading company of the American Numismatic Association, to which I'm proudly affiliated. Sarcasm and all... they got me for life.
Instead of a star, they should get a crescent moon..........
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.
<< <i>I can live with them certifying the coin as a replica, even if it weakens the NGC brand. What I have trouble with is them certifying that the piece is an "Authorized Replica From the SS Republic Shipwreck". Obviously, none of these replicas came from the shipwreck. So what exactly do they mean?
>>
Whatever that is, it looks god-awful. It does look like chocolate wrapped in foil.
<< <i>I can live with them certifying the coin as a replica, even if it weakens the NGC brand. What I have trouble with is them certifying that the piece is an "Authorized Replica From the SS Republic Shipwreck". Obviously, none of these replicas came from the shipwreck. So what exactly do they mean?
>>
Whatever that is, it looks god-awful. It does look like chocolate wrapped in foil. >>
It does say gold layered. Maybe there is chocolate in there. For all you dealers who like to leave your valuable coins in your car so someone can steal them, I would not include this one if you are in Texas during the summer.
Gold and silver are valuable but wisdom is priceless.
However difficult it is to believe that they have put this in their holder, there are people out there who collect this fantasy stuff. Wanna guess who will be the first to start grading them and provide a guest spot in their registry?
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
They could be slabbed if the slabs were significantly DIFFERENT from real ...coin... slabs. Even bullion coins should be in their own color slabs.
I can tell you firsthand what happened to the antique TOY market when Mike's Train House began distributing replicas. The hobby died. POOF!
They are too similar. The PCGS "genuine" holder is, too.
More than a few times I've stopped at a case to look at a coin only to see that it is a PROBLEM coin. Creating DISTANCE between DIFFERENT collectibles can be fine. Creating SIMILAR products is short sighted and will do harm.
I marvel at the price people pay for "genuine" coins. But they do pay it.
It's all corruption of the hobby for profit. So it will continue as long as people will be stupid.
<< <i>They could be slabbed if the slabs were significantly DIFFERENT from real ...coin... slabs. Even bullion coins should be in their own color slabs.
I can tell you firsthand what happened to the antique TOY market when Mike's Train House began distributing replicas. The hobby died. POOF!
They are too similar. The PCGS "genuine" holder is, too.
More than a few times I've stopped at a case to look at a coin only to see that it is a PROBLEM coin. Creating DISTANCE between DIFFERENT collectibles can be fine. Creating SIMILAR products is short sighted and will do harm.
I marvel at the price people pay for "genuine" coins. But they do pay it.
It's all corruption of the hobby for profit. So it will continue as long as people will be stupid. >>
Which is forever! I don't like it but I don't mind it either. I like to collect coins. I have found many people who are either dishonest or ignorant about what they want to sell. I am glad we have companys like PCGS and NGC that attemp to to slab make the playing field even for the average collector like me (not like most of you who are very knowledgable). So if PCGS and NGC want to slab replicas to make more money I say go for it.
At least two different cases where PCGS has slabbed replicas (gold $10 Baldwin & Co and $50 Kellogg & Co) have been mentioned in this thread. Does this bother anyone here or is it a case of only when other grading services do it?
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
I have a feeling it is only when other services perform this maneuver that it bothers some on this board. Also, I mentioned the 1804 large cent "restrikes", which are really counterfeit pieces, that both PCGS and NGC certify.
These companies are in business to certify the authenticity and quality of specific items (in this case, coins). It sullies the brand, IMO, to be "certifying" stuff that looks like the real thing but isn't. The fact that the certification is "disclosed" on the label is beside the point.
Comments
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
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
They have the right to do this. We have the right to dis-approve.
TD
I suppose a replica is good enough for NGC. If it fits in their holder, they ought to slab it. Could we get some wooden nickels slabbed ? They look like the original Buffalo Nickel in a sort of cartoonish kind of way
<< <i>I can live with them certifying the coin as a replica, even if it weakens the NGC brand. What I have trouble with is them certifying that the piece is an "Authorized Replica From the SS Republic Shipwreck". Obviously, none of these replicas came from the shipwreck. So what exactly do they mean?
It means that NGC will slab just about anything for a fee. This is not a good portent for the future, and certainly doesn't instill confidence in the brand, IMO.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
I recall at the time thinking that is was kinda stupid for NGC to be slabbing them.
<< <i>I can live with them certifying the coin as a replica, even if it weakens the NGC brand. What I have trouble with is them certifying that the piece is an "Authorized Replica From the SS Republic Shipwreck". Obviously, none of these replicas came from the shipwreck. So what exactly do they mean?
Whatever that is, it looks god-awful. It does look like chocolate wrapped in foil.
<< <i>
<< <i>I can live with them certifying the coin as a replica, even if it weakens the NGC brand. What I have trouble with is them certifying that the piece is an "Authorized Replica From the SS Republic Shipwreck". Obviously, none of these replicas came from the shipwreck. So what exactly do they mean?
Whatever that is, it looks god-awful. It does look like chocolate wrapped in foil.
It does say gold layered. Maybe there is chocolate in there. For all you dealers who like to leave your valuable coins in your car so someone can steal them, I would not include this one if you are in Texas during the summer.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
Even bullion coins should be in their own color slabs.
I can tell you firsthand what happened to the antique TOY market when Mike's Train House began distributing replicas. The hobby died. POOF!
They are too similar. The PCGS "genuine" holder is, too.
More than a few times I've stopped at a case to look at a coin only to see that it is a PROBLEM coin.
Creating DISTANCE between DIFFERENT collectibles can be fine. Creating SIMILAR products is short sighted and will do harm.
I marvel at the price people pay for "genuine" coins. But they do pay it.
It's all corruption of the hobby for profit. So it will continue as long as people will be stupid.
<< <i>They could be slabbed if the slabs were significantly DIFFERENT from real ...coin... slabs.
Even bullion coins should be in their own color slabs.
I can tell you firsthand what happened to the antique TOY market when Mike's Train House began distributing replicas. The hobby died. POOF!
They are too similar. The PCGS "genuine" holder is, too.
More than a few times I've stopped at a case to look at a coin only to see that it is a PROBLEM coin.
Creating DISTANCE between DIFFERENT collectibles can be fine. Creating SIMILAR products is short sighted and will do harm.
I marvel at the price people pay for "genuine" coins. But they do pay it.
It's all corruption of the hobby for profit. So it will continue as long as people will be stupid. >>
Which is forever!
I don't like it but I don't mind it either.
I like to collect coins. I have found many people who are either dishonest or ignorant about what they want to sell. I am glad we have companys like PCGS and NGC that attemp to to slab make the playing field even for the average collector like me (not like most of you who are very knowledgable). So if PCGS and NGC want to slab replicas to make more money I say go for it.
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
In honor of the memory of Cpl. Michael E. Thompson
Here's a warning parable for coin collectors...