After watching the video I'm thinking....."Close OK" - "Not Bad" - We're off some, but it's ok". Don't they realize that their "Close....etc." could mean 100's or even 1,000's of dollars of value on any given coin? My recent experience (last week) proves that this "grading business" is a HUGE money maker for the TPG companies as we are kinda held hostage. Here's what happened: I bought 5 Morgans all graded PCGS AU55 from a Stack's & Bowers auction a month or so ago. I looked at them on the auction site and felt they could all be AU58's. When I received them I cracked them out and sent them in "Raw" to NGC. They came back on Friday with them ALL "Improperly Cleaned". Mind you that 2 out of the 5 came in with "UNC Details" and the other 3 stated "AU Details......but ALL "Improperly Cleaned". I suspect this show another "dangerous-road" we travel as we bid on on-line auctions as opposed to having the coin "in-hand". What say you?
Yea obviously everyone knew the Pogue collection was the Pogue collection, but those coins were never going to just take a casual trip through the grading room anyway. Have you ever actually tried to do this? It seems that some people seem to think this is easy and assured to happen with enough tries. There is a MASSSIVE difference between a 60 and a 66
NGC is a coin flip if they'll straight grade anything that has been dipped even if its been done properly
Your analysis is spot on, hence the system they use - two independent graders who each have no idea what the other one graded the piece, and a finalizer to break deadlocks. The finalizer gives the coin a QUICK look if the two graders agree and gives a more critical examination when there is disagreement. If there is significant disagreement, they discuss.
And of all the coins I've had graded by NGC, I've only ever had ONE "details" graded. One out of several hundreds.
I've dipped the bejabbers out of coins (my formula, not commercial) and NGC has slabbed and straight graded every one of them.
So then, if graders are under pressure to grade X number of coins per day, they hope the other grader agrees with their grade. Otherwise, any reassessment for any coin they grade will impact the number of coins they grade in a given day an affect their performance. This tells me that the finalizer is most likely an experienced grader.
A white seated or bust or barber you kind of already know and I have seen them details those just for being blast white
I propose that we use my current coin purchase as a test grading example. For now I only have the sellers pictures. When the coin arrives in hand I can then take my own photo's. Then I can send it off to a TPG. I'll post the results when I get the coin back. In the meantime we can post our thoughts, or take a crack at grading it yourself. I'll post it here again so you don't have to go searching.
Pretty coin. From my limited grading ability my first glance would be Proof 66 cameo. Of course I'm wrong 99% of the time.
Sorry...I feel you are missing my point. TPG's are a crap shoot at best. However much of our collection values are based on that EXACT shoot. Something has gone awfully wrong and our hobby is at the very center of those "Profit Grabbers".
I get your point. But a coin like this I'll grade. Going into the collection. I have few graded pieces.
Is this better, You 99 percent know they have been dipped there is a chance that a few of them survived in that state over the years but the overwhelming chances are that they have been dipped if blast white
