In short ACG "won" their lawsuit when the defendents paid them to go away and drop the suit. How much the Hagar's were paid I do not know. ACG continued operations in FL for a short while. I've lost close track of them but if my information is correct they moved up to Canada and were in operation there for awhile specializing in Canadian coins. Whether or not they are still in operation I do not know. I suspect they are not.
Nor do I know. I was never served in the matter and my name was eventually dropped. The ANA eventually handled the defense when they became involved. Don't now the settlement details, but am certain the settlement was for expediency and decided upon by the insurance company. I like to think that the result was a shortened lifespan of the enterprise - perhaps good was served, but I wasn't one of the many good folks who had to cough up cash for a retainer, etc. All I had to worry about was the fear of facing the same and not knowing if the papers would arrive. And, some inside baseball: there was considerable differences of opinion and action among the named defendants, including some significant selling-out, backstabbing, and political grandstanding. I should have kept those emails and taken notes of phone calls. It would have made for an interesting narrative.
A Matter Of Opinion!! This thread seems to accentuate that which I've personally noticed over the years, as an admirer and strong collector of properly "sight seen" A.N.A. standards graded ACG products. Regardless of facts concerning lack of uniform standards for "top tier" TPG, the critics of ACG are quite vocal and seemingly viceral. Supporters of ACG who may have reviewed facts, realize that it's futile to initiate an objective discussion with those who've established a subjective entrenched "opinion". I've posted my objective arguments for a rational discussion about ACG versus other TPG, including images of the same coin graded by ACG and others that were, in my opinion, grossly overgraded. This article posted in cyberspace appears to support my observations: "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 known as a Third Party Grader(TPG). In their investigation, several of the same coins were sent toeach grading service over the course of a year, each graded by allThird Party Graders sent to. Their findings: In no case did the gradingservices agree on the grade of the many coins sent in, and in somecases the difference in grading was seven points off on the standard Sheldon coin grading scaleof 1 to 70. The Coin World article cited several cases, such as a casewhere ACCGS had correctly noted that a coin had been cleaned while theother services had overlooked this aspect. ACCGS graded the coinseveral points lower than PCGS, while PCGS had not noted the same coinwas cleaned although it clearly had been, evidenced by wire brushing.This was neither the first nor last time PCGS had failed to note whencoins had been cleaned. In June 1998, PCGS had failed to note on theirholders that thousands of shipwreck coins had been cleaned, althoughthe coins slabbed by PCGS had been encrusted with sea debris andbarnacles, and subsequently cleaned in acid baths prior to grading byPCGS." I believe you'll find numerous civil filings against PCGS. Why not a criminal filing? I believe the general reason is that the standards of proof for individual criminal activity are virtually impossible to achieve when they are protected by the umbrella of incorporation, etc.. It's far easier to distinguish the civil harmful actions, and realize relative justice. It may also be just a matter of time for other TPG. JMHO Gentlemen, load your verbal weapons, as I believe this seemingly biased discussion could subjectively continue Ad Infinitum :thumb:
From 1996 to the early of 2000. In Baltimore Coin Show, Most of the Bourse Grader assigned by TPG has Failed to convince me to grade my double denomination,Lack of expertise on error coins. Mr. Alan Hager of Accugrade is the inventor of slabbing coins/cards and professional expert in Numismatist World. On March 2000, He certified and grade some of my coins that's include the famous 1995 Penny On Dime-ACG-Mint. After he handed all my coins I ask him why the 1995 Penny On Dime has NO Numerical Number like MS 63 one of my coin slab on him. His answer No NEED for this One this one impossible to have a Duplicate.~ Much The BEST in ALL Double Denomination this the way I understand him. The coin has skull break and a Crack die varieties, etc. Major Dramatic Details such as Two Full dates obverse 1995, Two LIBERTY,IN GOD WE TRUST,P Mintmark, VDB,Crack die variety, ONE CENT,ONE DIME, UNITED STATES of AMERICA, E Plu-FG Initial, etc. Just look all the Photograph on this coin. PCGS Websites > COIN FACT ENCLOPEDIA/PCGS: DOUBLE DENOMINATION ERRORS One of the most expensive, popular, and desired types of errors are the double denominations. This error happens when a coin is struck on a previously struck coin of another denomination. Examples are a cent on a struck dime, and a nickel on a struck cent. The most dramatic are those with considerable design visible from the original strike. Therefore Double Denomination(king of all errors) is much more expensive than traditional coin errors! Such as 1943 Copper Coins, etc.
The truth after He certified this NICKNAME Coin you are calling, I publish this coin in the internet website galaxy.com and asking for 2.5 Million US Dollar on that time, while 1933 20$ double eagle is selling it to Black Market for 1.5 Million US Dollar, Jay has been caught by SS while my coins still on websites for many years! I think (1999) errorworld of Jim Laz is the very first US Coin Chat room in the Internet! So I called first this coin as Eleven Cent not 1995 Penny On Dime. ~ One of the members of that chat room advise me to go to Baltimore Coin Show for Certification/slab. That's all I remember. We have all so much FUN out there in ERROR WORLD!
Yes! junk in your own Opinion BUT not in a real Buyer! That trying to BUY my Coin in eBay for SEVEN MILLION US DOLLARS! I DECLINED it EASILY! So many offered received in eBay that's the FACT! Recorded in eBay....
http://www.ebay.com/itm/120839062433;jsessionid=9752A3F489488D34DBF30DA3BA71E865?ru=http%3A%2F%2Fwww.ebay.com%2Fsch%2Fi.html%3F_from%3DR40%26_sacat%3D0%26_nkw%3D120839062433%26_rdc%3D1#ht_3409wt_1287
The offers were folks that were sick of hearing about the coin and started pulling his leg. It will never gain respect until it's in good plastic.
Not really ACG was pretty much dead by that time. Much of their business by then was acting as an encapsulation service for other fly-by-night services sealing the coins in ACG type shells with the other companies names and grades.
