If I purchased a coin on the open market, already in an NGC holder, I presume NGC would stand behind their original evaluation no matter if "underlying" problems are discovered by their sister company (NCS) or not. In this case, a check for the fair market value of the coin would have been the only acceptable action on the part of NGC. As for the coin only being worth $2, I presume you looked it up in a catalog. Beats me why anyone would send in a coin like that for grading much less conservation. I would have to presume there is something we don't know about the coin that makes it worth more than that. In any case, the whole logic of "discovering heretofore unknown damage" is a spurious explanation in my opinion. It's kind of like hiring a lawn service to treat your lawn for weeds, and then after they kill your entire lawn claiming there were "heretofore unkown problems" with your grass.
That's not a very good analogy. A more accurate comparison would be...........You notice a small cavity forming on the top of one of your molars. You go to the dentist to have it repaired, but when the dentist takes xrays of the tooth, he finds that half of it has been eaten away by decay inside the protective layer of enamel. There are coin doctors who are very good at hiding (some) problems which can't be recognized until the coin has undergone conservation. Chris
This happened to me. When I submitted an AU 1875-S 20-cent piece in an ANACS "Artificial Toning" net grade slab, NCS called me before conserving and gave me a choice. They would return the coin in the ANACS holder and only charge me the evaluation fee, or they would remove the AT and put it in an NGC details holder indicating the coin was cleaned as they suspected. FWIW, In the same submission batch an Lafayette Dollar in an NGC MS63 holder with truly ugly (natural) toning came back as NGC MS64 after conservation.
I did, and it isn't. You can believe whatever ya want. But even reading a book as basic as the Red Book will tell you that toned coins are notorious for hiding problems under the toning. It's not like it's something that only happens once in a blue moon. It is extremely common.
1st thing I want known is Ngc graded my 1935 1/4 Bolivar as a MS-60 with that spot on obv it was about the size of a pin head.after 5-6 years it had grown up to the chin & below to the base of the neck.so I sent back to Ngc. Ngc sent it NCS *without contact me* before they destroy my MS-60 grade if I would have known they were Body bagging if in NCS holder I would have told them not to touch the coin!! just re-holder it that is all. ***Not contacting me was my only that I think Ngc should have done before they sent it NCS!
I'm referring to Angelo's coin. Perhaps we should go play in another sandbox. There seem to be too many castles in this one. Chris
Have you talked to NGC about this? I can understand conservation to save a coin. But they cannot BB one of their cleanly graded coins without invoking their guarantee. I am not a world collector and I don't know the value of an MS60 1/4 Bolivar. So maybe it is not worth the trouble. In that case it was inexpensive tuition. Lance.
This is a trap that way too many people fall into. They think that just because a coin has a low value that nobody would ever bother messing with it. FALSE ! They will mess with anything as long as they think that by doing so they can get more money for it than they paid. It's the same thing with counterfeiters - every coin there is has been counterfeited at one time or another. The most common reason there is for counterfeiting a coin is so it can be passed at face value.
I can't remember that name of the movie (about 30 years ago, or so) but it was based on a true story about a counterfeiter who was passing fake $1 notes. The quality was really good, but when he was finally caught (can't remember why, either) a federal agent asked him why he only counterfeited $1 notes instead of larger denominations, and his response was, "Because no one would ever suspect that a $1 note would be fake." Chris
I had an NGC MS64 Flying Eagle Cent that grew spots all over the obverse that I sent into NGC appearance review in the hopes I may be compensated under their guarantee since no one would ever pay me MS64 money for the coin. Before discussing compensation, NGC asked if they could try sending the coin to NCS first, then have it regraded w/ NGC. I agreed and NCS fixed up the coin and it regraded MS64. They removed all of the offensive spotting but they also really brightened up the coin and I didn't like it too much. But I also had no problem selling it as an MS64 for MS64 money. NGC/NCS didn't charge me anything either, not even shipping costs. They were great to deal with I think. Here's a pic pre-conservation: And post-conservation: You can read more about this story over on Collector's Universe where I originally wrote about it a couple of years ago: http://forums.collectors.com/messageview.cfm?catid=26&threadid=687635
WoW, I think I could live with that too. Was there a color designation on the slab? Did it go from RB to Red?
I submitted 2 PCGS encapsulated coins to NCS, one with colorful but hazy surfaces and the other with some spotting and a mottled look. The first was evaluated but returned in the original capsule as not likely to benefit (in grade) from conservation. I didn't begrudge NCS the 1%. The second is pictured below. No complaints there either.
I have been seeing alot of coins from the eliasburg collection as of recently. Do you know exactly who eliasburg isand what history he has?
"Is there a 3rd "after" photo of the Bank of Montreal token missing from your post??" The first image is an auction photo with the fields illuminated to show some sort of residue and a variety of spots.. The second image is post NCS but head on with some spots still evident. I wasn't able to locate a post NCS image with the fields illuminated.
Louis Eliasburg was the only person to collect every coin in date/mm that the US had minted. http://en.wikipedia.org/wiki/Louis_E._Eliasberg
Hello Princeofwaldo, I have used NCS for 1/2 dozen of my most valuable items which needed conservation. In my experience, NCS has always kept an open line of communication with me & confirmed whether I wanted to proceed with conservation and accept risk of a downgrade by NGC. I recommend using NCS based upon my experiences with them. However, I am not saying that you will be happy with their work on your 100 Piastre coin. I suspect that the result will be a bright coin without any trace of toning remaining on the coin. Of course, this is just my best guess of how NCS might return your coin. They may not even want to conserve it (which is their option). I own an Eliasberg coin which had some unattractive toning on it & I was accused by one friend here at CT of committing numismatic treason for having NCS work on it. Please review this previous thread and see this example for yourself. http://www.cointalk.com/t44250/ Please let me know what you think of the coins posted in this previous thread.
Hello Princeofwaldo, Did you have a chance to look at the conserved coin in my previous thread? I'd like to learn what you think should be done with your your coin after you have weighed all the possibilities & suggestions. I suspect that if the coin is (1) ugly or (2) getting worse with time that you should send it to NCS.