Your comments are among tens of thousands of others who have posted of similar experiences, and not just on this forum but on all of them. Many times it's because the coin owner can't see the problem because they lack the experience to even recognize that something is a problem. In other words they don't know what it is they are looking at. From 15 years of reading posts and comments like this I'd say that is the most common reason. But, there is sometimes another reason - the TPGs can and do make mistakes. In other words, if you were to crack that coin out and send it in again, it might very well come back in a regular graded slab. PCGS is well known for their inconsistency, much more so than NGC. Which is why many prefer NGC over PCGS. Of course you could send it in 3 times and it'll come back the same way all 3 times - that happens too. What you need to do is keep something in mind - 80% or more of all older raw coins are problem coins of one kind or another. Think about what that means. It means that if you send a raw coin in to be graded there is only a 20% chance, or less, that the coin will be graded. Those are tall odds to go up against. So if you are going to send in a raw coin, you better be pretty good about judging coins or you will likely be disappointed.
Hello Chris. I think you missed the point I am trying to make. I know I cannot do a better job than TPG graders. I only believe that coin collectors should not put so much faith into a grade. Grading a coin is an imperfect and inconsistent science. I believe one's money is better spent elsewhere. With the exception of verifying a coin as counterfeit or not - if you are unable to do so yourself.
No, I didn't miss your point! You made the comments above with no basis in fact. It is apparent to me that you know little, if anything, about how the top grading services operate. Chris
It is a statement. And pcbs is autocorrect for pcgs for apple comps. I am so sorrrrry. To clarify, i believe, and i could be wrong but i thought pCGS could not give a unc details grade for bezeled or jewelry coins
, I just figured I would share a obviously frustrating occurrence and i thought it would be interesting to get some feedback because i do lack the ninja skills of the tpg graders and could be mistaken. Do you see a definite problem with the rim?
I see what might, or might not, be one - can't tell for sure by looking at pictures. Let me add this. If a person is not 100% confident in their own abilities to identify problem coins, fakes, and accurately grade coins - in other words their own abilities to do what the TPGs do - then when they see a TPG result that they question, don't understand, or agree with, then they should be asking themselves - why did this happen ? Why did the TPG make this particular determination ? For the most part the TPGs are very good at identifying problem coins and fakes. And the vast majority of the time when they identify a coin as such they are correct. Do they make mistakes ? 'Course they do, as I mentioned above they have consistency problems. But PCGS has slabbed over 20 million coins, so even if they have made mistakes on hundreds of thousands of them, that is still only a tiny percentage that are mistakes. That means most of the time you should be accepting what they say as being accurate and be asking yourself - why didn't I see that ? What did I miss ? Make note, I am not talking about grading here. I am talking about them identifying problem coins and fakes - and only that.
In my opinion, PCGS nails it when they call something damaged. They make very few mistakes in that area.
Don't want to open a can of worms here, but if you cracked it out and are not sending it back in, how will you be selling it? You stated you used PCGS because it was more favorable to your buyers so I would assume you are selling it? If you think it is not a problem coin, do you sell it as a non problem coin?
why wouldnt he? If he doesnt think there is a problem, he can sell it that way. Pcgs doesnt have final say on a coin. They make mistakes just like the rest of us.
If the OP honestly doesnt see any damage, and takes good pictures of the coin. I think that it is fair to list it as a UNC Morgan. Pcgs may have spent 10 seconds looking at it, they may have made a mistake. I think the TPG who charge 25-50 dollars coin, could give an explanation of the problem, for that kind of money. Such as, rim damage at 10 o'clock on obverse. They charge a lot of money to look at the coin for 10 seconds and just say its a problem coin.
If you can't or don't trust the judgement of the TPGs then why send coins in to them and pay them for their judgement in the first place ?
I don't understand your argument. You guessed that they looked at this coin for ten seconds. Then went on to use that ten second time frame to further your argument that they charge too much for looking at it for that long. They could have looked at that coin for two hours and lost money grading that one. When he sent the coin to PCGS, he was paying them to be the final say on the coin. I'm not going to continue arguing this. All I will say is I feel it is unethical and I was hoping for the OP to answer. I would automatically put him on the "never buy from" list. Sorry to say, you made the list also.
In ten years you have never bought from me before How would not buying from me now effect me? You should always find dealers you are comfortable with buying from. It will make collecting a more enjoyable hobby.
Enough guys, let it end right here. As for the ethics issue, it is best not to judge the actions of others unless you are willing to accept the judgement and opinions of others about your own personal actions. And I guarantee you there is not 1 person on this planet who has not or could not have their actions judged as being unethical by somebody. Food for thought.