I'm sure all of us have read something like this on occasion...are they just ginning up the sell price? Seller Notes: “This is a fresh mint-state silver coin just back from NGC. In our opinion, the graders at NGC were tough on this particular submission of nine coins. That being said, coin is a premium example for its respective grade.” Mint Location: San Francisco Year: 1886 Circulated/Uncirculated: Uncirculated Composition: Silver Certification: NGC Grade: MS 63
I take this to mean they think it is a CAC worthy coin that they don't want to send in to CAC to get the sticker. They are trying to put it at the top of the coins for that grade. Sometimes I have seen this to be true and sometimes they are making it up.
I think it was just the submitter feeling the coin should have come back in ms64 or higher...AND, as a result, getting a ms64 price for it.
It's all about marketing the coin and market position just as WLH alluded to. Now, does he blatantly do this with all his slabbed coins or is he a knowledgeable dealer who knows how to grade and really thinks this submission caught a grader or two or three who were all having a bad day who knows.
I think WLH22 is correct. How much do I trust my seller. There are other dealers I deal with who, when they tell me this, I believe them as they grade much as I do. Others? Not so much.
I looked at all of the coins from this submission and do not think that, on the whole, the grading is all that bad. I personally, would swap grades between the 1889-S & 1899-S dollars.
Seller notes : "This is a MS64 but I think TPG was too generous with this coin, it's more like MS62". Waiting for that day.
I like this one. "I don't agree with the grade, so I'll mark it up 300%" http://www.ebay.com/itm/1885-CC-MOR...898829?hash=item3f57cb92cd:g:PDgAAOSwf-VWVPwp
I believe S.O.P. is 2 graders each independently check a coin and if they match that's you're grade. If however they differ then a 3rd "senior" grader decides who's right and he assigns the grade so the answer is 2 graders with a possible 3rd "finalizer"
It is a very nice Morgan. But it is not a 67 because NGC says it's a 66, pure and simple. Why doesn't he send it in for a regrade? (Possible answer: Because he already has!)
It is one sharp coin and the seller may have a valid point. Which makes me wonder if since the seller believes it is undergraded why hasn't he sent it for a regrade? Perhaps he failed at changing the TPG's opinion.
He just failed, full stop. He employed a sales tactic that's an immediate turnoff to expert buyers, instantly alienating a large part of his customer base. Of course you think it's undergraded, you pathetic slug peddler. You want more money.
I have done that. I've had coins I don't agree with the grade on. Or coins they've been cleaned and got a free pass. I usually price them accordingly or wholesale them out cheap to guys that buy the holder not the coin. Recently sold a $1 gold that pcgs called 58. Was a 53-55 in my opinion. I sold it for the same price as a 53. I'd bought it for au 50 money and graded it a 53 myself.
