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12-26-2008, 09:34 AM
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#1 (permalink)
| | King of Hearts
Join Date: Dec 2006
Posts: 11,559
| shame on PCGS
look at this lot PCGS certified coins with verdigris. worse heritage is auctioning it. they should pull that piece from the auction. Heritage has even identified it having verdigris sigh http://coins.ha.com/common/view_item...4&Lot_No=21631 |
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12-26-2008, 12:00 PM
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#2 (permalink)
| | Numismatist
Join Date: Jul 2005
Posts: 6,187
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Well - did it happen before or after it was slabbed? Doesn't PCGS warranty cover this? Where as ANACS and NGC would not. Not sure about that.
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12-26-2008, 12:07 PM
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#3 (permalink)
| | King of Hearts
Join Date: Dec 2006
Posts: 11,559
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i agree but it should not be put up for auction like that. they should get it fixed first rare coins with verdigris is atrocious
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12-26-2008, 01:19 PM
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#4 (permalink)
| | Numismatist
Join Date: Sep 2007 Location: Alabama
Posts: 2,842
My Mood: | $$$$$$$$$$$$$$$$$$$ Talk for sure!
For PCGS to be the top dog in grading that this coin should been not be graded. I know if I had sent it in it would have been return with No grade verdigris
So they do bent there rules for Heritage & a few other and picture there own do not lie. but Heritage spend 100x more with PCGS than you or I do in grading fee's I guess $$$$$$$$ talk!
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12-26-2008, 01:58 PM
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#5 (permalink)
| | Numismatist
Join Date: Jul 2005
Posts: 6,187
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Well - my first suspicion is this happened after the coin was slabbed. And before PCGS can fix the problem someone actually has to let them know there is a problem. Then they have to actually send the coin to PCGS. So the real question is - why didn't heritage send the coin to NCS? I am sure they could have got it into a NGC slab.
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12-26-2008, 02:41 PM
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#6 (permalink)
| | FVTVE FATVM
Join Date: Jun 2007 Location: ZZ9 Plural Z Alpha
Posts: 2,660
My Mood: |
Spock - I'm gonna need you to fill me in on this one. It seems to me like these four coins are an exceptionally rare 'proof' set. As such, how many others like it are in existence?
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12-26-2008, 03:22 PM
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#7 (permalink)
| | Numismatist
Join Date: Nov 2002 Location: PA
Posts: 23,512
| Quote:
Originally Posted by spock1k Heritage has even identified it having verdigris sigh | Would you rather they didn't say it was there ?
It is not uncommon to find verdigris on slabbed coins, regardless of who the TPG is. And did you look to see if you could even find it ? It is there alright, but it is smaller by far than the period at the end of this sentence.
Now, should it be removed ? Given the rarity of the set and the pedigree, I personally would leave it alone. Yes, I would watch it closely to see if it progressed over time. But removing it may do far more harm at this point than leaving it alone would do. And I suspect that is why it has been left alone so far.
And yes, both NGC and PCGS warranty this.
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12-26-2008, 03:29 PM
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#8 (permalink)
| | Clueless
Join Date: Nov 2008 Location: Central Maine
Posts: 558
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12-26-2008, 03:55 PM
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#9 (permalink)
| | Moderator
Join Date: Aug 2005
Posts: 2,745
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Jello,
Heritage gets no favors from PCGS, NGC etc when it comes to grading. Period. I can say this for a fact. Can you say for certainty that Heritage gets favors? Have you worked in the PCGS grading room, or NGC grading room and can tell me that in fact when coins come in they are identified as being from Heritage and get better grades? What makes you think then they that do get special favors?
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12-26-2008, 04:56 PM
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#10 (permalink)
| | Slightly Evil™
Join Date: Jun 2003 Location: Los Angeles, CA
Posts: 389
| Quote:
Originally Posted by mark_h Well - my first suspicion is this happened after the coin was slabbed. And before PCGS can fix the problem someone actually has to let them know there is a problem. Then they have to actually send the coin to PCGS. So the real question is - why didn't heritage send the coin to NCS? I am sure they could have got it into a NGC slab. | Because Heritage doesn't own the coins. If I was the consignor and Heritage took my PCGS graded coins, sent them to NCS for conservation and then slabbed by NGC (possibly at different grades), I'd be livid.
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12-26-2008, 05:04 PM
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#11 (permalink)
| | The Lincoln-ator
Join Date: Jun 2007 Location: Dry Heat USA
Posts: 6,754
My Mood: |
Why would Heritage use PCGS anyways, they own a bunch of NGC
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12-26-2008, 06:32 PM
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#12 (permalink)
| | Numismatist
Join Date: Jul 2005
Posts: 6,187
| Quote:
Originally Posted by gmarguli Because Heritage doesn't own the coins. If I was the consignor and Heritage took my PCGS graded coins, sent them to NCS for conservation and then slabbed by NGC (possibly at different grades), I'd be livid. | And that maybe why it was not sent - the owner did not want it sent in to NCS for conserving. So it remains in a PCGS slab. I think before someone slams PCGS lets get the facts. Can anyone tell from the slab when it was graded?
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12-27-2008, 11:22 AM
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#13 (permalink)
| | Numismatist
Join Date: Sep 2007 Location: Alabama
Posts: 2,842
My Mood: | Pcgs Quote:
Originally Posted by mark_h Well - my first suspicion is this happened after the coin was slabbed. And before PCGS can fix the problem someone actually has to let them know there is a problem. Then they have to actually send the coin to PCGS. So the real question is - why didn't heritage send the coin to NCS? I am sure they could have got it into a NGC slab. | NCS won't get the $$$ a PCGS slabbed coin will$
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12-27-2008, 11:32 AM
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#14 (permalink)
| | King of Hearts
Join Date: Dec 2006
Posts: 11,559
| Quote:
Originally Posted by Ardatirion Spock - I'm gonna need you to fill me in on this one. It seems to me like these four coins are an exceptionally rare 'proof' set. As such, how many others like it are in existence? | now here is a question to get me going. its an excellent question to which there is no concrete answer. no one knows how many were made except for the rants of pridmore there are no official numbers. we dont have a pop report or census in india. i would like to answe the question in a different way not more than a few remain because not more than a few show up for auction so i would guess the surviving number is less than 100
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12-27-2008, 11:34 AM
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#15 (permalink)
| | King of Hearts
Join Date: Dec 2006
Posts: 11,559
| Quote:
Originally Posted by GDJMSP Would you rather they didn't say it was there ?
It is not uncommon to find verdigris on slabbed coins, regardless of who the TPG is. And did you look to see if you could even find it ? It is there alright, but it is smaller by far than the period at the end of this sentence.
Now, should it be removed ? Given the rarity of the set and the pedigree, I personally would leave it alone. Yes, I would watch it closely to see if it progressed over time. But removing it may do far more harm at this point than leaving it alone would do. And I suspect that is why it has been left alone so far.
And yes, both NGC and PCGS warranty this. | you know as well as i do that verdigiris spreads sideways and inwards if it is no removed it may eat the coins all the way inside i have seen it on a lot of coins here its a verdigiris blessed environment
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