TPG'S. What A Joke.

Discussion in 'Coin Chat' started by bkozak33, Sep 19, 2014.

  1. Zachkeaton

    Zachkeaton Cervus non Servus

    I don't think that's how they do it. Their website says, "Coins are compared individually... This work is performed without labeling that could identify the submitter"
    http://www.ngccoin.com/coin-grading/grading-process/ngc-grading-process.aspx
     
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  3. Tom B

    Tom B TomB Everywhere Else

    Obviously, I haven't seen the coins, but one must keep in mind that the major TPGs (PCGS and NGC) do not adhere to the same grading standard. They both use grading standards based upon published ANA guidelines, but they also both use proprietary grading standards that may or may not shift with time and also may or may not shift with respect to what might be considered problem-free.

    I'm not writing that PCGS or NGC might be right in this case, but one must keep in mind that they both might be right (or wrong, or whatever) when viewed through their own guidelines.
     
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  4. thomas austin

    thomas austin Beauty is in the eye of me

    Hey guy's and gal's. Grading is subjective. Period! Just because it is slabbed don't make it Gospel.
     
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  5. micbraun

    micbraun coindiccted

    But we're talking problem coins, it's not about "64 vs 65". I have seen a PCGS XF45 CBH with graffiti on the obv which I wouldn't have graded problem-free! Please, let's agree at least on what's a problem and what isn't LOL
     
  6. easj3699

    easj3699 Well-Known Member

    If you still have a label of one of the NGC coins it would be easy to find out what was sent in with your coins.
     
  7. bkozak33

    bkozak33 Collector

    Im going to my lcs today and will ask for a copy of the submission receipt
     
  8. torontokuba

    torontokuba Thread Crapper & Hijacker, TP please.

    Ok, as long as you're not pulling our leg. Still what a ridiculous scenario, where the top two experts completely disagree on 6 Details vs. Actual grades. One can probably write a really great article on this specific incident, but, all proof would be required.

    Imagine a future, where the history of each valuable coin is documented with 3 or 4 cracked slabs next to it. Buyer pays for the average grade between them.
     
  9. bkozak33

    bkozak33 Collector

    I wonder if i submit them to NGC in pcgs slabs, would they cross?
     
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  10. treylxapi47

    treylxapi47 Well-Known Member Dealer

    They will be digital display slabs, showing how many times it was sent in, what each individual grade was upon submission, and an average for the newest grade.

    Also these new slabs will have internal and external sensors that read the atmosphere and let us know when to move our coins from damaging environments as well as GPS locators in case a coin gets stolen. The material of the slab will be proprietary and built to withstand extreme pressure and protect against damage. You must have a specific code or key to open the slab and that is only good for a onetime use so you cant close the slab back with an altered coin.

    Yeah that should about cover the next 15-20 years of slab evolution.
     
  11. GDJMSP

    GDJMSP Numismatist Moderator

    Easy, it's called inconsistency. If you cracked them out and sent them back to PCGS, or NGC, again, you would probably get a mix, some slabbed and some not.

    While it may be unusual, or at least not reported on the various forums, to go 6 for 6, it is extremely common to have the TPG, even the same TPG, say a coin (or several) is a problem coin on 1 submission and on re-submission slab it cleanly. Or do the opposite, clean grade first and then problem.
     
  12. xGAJx

    xGAJx Happy

    nah, they're too cheap...
     
  13. bkozak33

    bkozak33 Collector

    Ok, small correction. there were only 5 coins submitted to pcgs. the 6th coin was a first time submission. here is the ngc invoice
    P9201699.JPG
     
  14. BigTee44

    BigTee44 Well-Known Member

    My local shop has a 1794 or 95 large cent in VF20. Looked XF to me. Said he wouldn't sell it for less than VF $$

    He said the same thing. Sometimes they get it right, sometimes they get it wrong.
     
  15. bkozak33

    bkozak33 Collector

    here the coins pcgs slabbed P9201698.JPG
     
  16. brg5658

    brg5658 Well-Known Member

    Well, unless you sent all of the labels back to NGC when you cracked them out and sent them to PCGS, then you can still look them up in the NGC database. I have a hard time believing your story -- and quite frankly, if it's true, it doesn't bode very well for the quality of coins that PCGS is currently slabbing.

    EDIT: I see now that you posted the numbers. What can I say besides that the truth is likely somewhere in between -- and there are now some PCGS coins in problem free holders that would probably be considered "problem" coins to a lot of people.
     
    Last edited: Sep 20, 2014
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  17. Tom B

    Tom B TomB Everywhere Else

    Based simply upon the images, the 1885-O looks okay while the others look like problems.
     
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  18. brg5658

    brg5658 Well-Known Member

    I agree with Tom. Particularly the 1921 Morgan looks pretty much ruined, and the 1881-S in the NGC verification images has a pretty harsh/large/clear scratch under the chin on the obverse. Slabbing an 1881-S low MS quality coin with negative eye appeal is also just a strange thing to do. This date/mm is available in basically any look you want for very affordable all the way up through MS66-67.
     
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  19. bkozak33

    bkozak33 Collector

    I liked the coin, I thought it was nice. I like a lot of things that others may not.
    P8061017-tile.jpg
     
  20. bkozak33

    bkozak33 Collector

    I love the 1921, its one of my favorites.
    P8061019-tile.jpg
     
  21. bkozak33

    bkozak33 Collector

    P8061015-tile.jpg
     
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