Pedigree favoritism from TPG's?

I'll toss some fuel to the fire here. The top TPG's favor a pedigree and ignore problems? Should this coin be in a slab AT ALL let alone a 65?

Hmmmmmmm

Makes one wonder does it not?

http://cgi.ebay.com/1945-Mexico-Gol...goryZ541QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

 

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its a known issue although those who drink the TPG grader and the TPG cool aid wont agree

 

I'm not farmiliar with Mexican coins but looking at it as a coin in general I'd say the obverse has to many contact marks for a 65. I think you're right that the pedigree makes all the difference in this coin. AU at best ???.... Or am I being too tough on it ???... John

 

Agree with you there Jack. :thumb:

 

Well, I am guilty of knowing nothing about Mexican Gold. I do see a lot of marks on the obv of that coin.

Hope GD or Spock stops in and gives us a lesson on Mexican Gold.

Pedigree. I have to agree with AJ on this one. Fuel to the fire.. AJ you crack me up.. LOL

 

TPG's having a different standard for pedigree coins!~ OH please, tell me it isn't so!

 

Not only does the coin look AU but the Northeast photos look far different from the NGC photos. It's like looking at 2 different coins. IMO, with all the marks on the obverse the pedigree must be why it's graded MS.

Bruce

 

Eliasburg or not, that is 1.2 oz of gold bullion, plain and simple. The could give it an AU-58 or an MS-70 and they are still only getting BV plus a couple of percentage points for the coin from me. I understand that there are a lot of suckers, I mean collectors, out there that will pay big big dollars for a pedigreed coin from the collection of quite possibly the most famous collector ever, but not me. Think about it, when E bought it, it was probably a bullion investment, and that is all it will remain ever. Remember, never buy the plastic. And to answer your question Jack, the TPGs, all of them, are Pedigree pimps. Oh and btw, PCGS according to one writer claims they do not guarantee the authenticity of pedigrees, as voiced in the Norweb Hibernia fiasco, here http://www.winsociety.org/newsletter/vol-3/happen_01-04.html

 

The rims been filed and damaged on a nasty baggy coin, I dont know Mexican gold either !!

I'll get to reading that BQ when I get time.

 

I think the Mickley 1804 Dollar is a better example. That coin showed up in a bank tellers till and even Rick Montgomery stated it shows evidence of handling but NGC still gave it a 62 grade. In fact, only four of the 14 1804 Dollars are still in mint state but several of the other ten are in PCGS or NGC slabs. IMO, thats proof positive that the TPG's have no moral compass.

The 1804 Dollars are also a good example of changing grading standards. Don't recall (and ain't gonna look it up) which one it is, but NGC changed the grade on another 1804 Dollar from 65 to 66 because NGC had developed a "frame of reference". Gotta love the terminology used to explain how they are still learning how to grade certain issues. Like they never saw any of the million or so other Bust Dollars, some of which are alot better looking and they aren't even proofs.

 

Human nature frequently trumps integrity in many walks of life, including TPGs.

 

I am going to get a grade bump on all my coins. ladies and gentleman this is the last coin from the spock collection starting at one million dollars troll might be president by then my 1913 is going all the way to 67 i am going to be old and rich but rich

 

I dont know about TPG's but i know in other areas.s if the companies are not ethical and dont do their social responsibility bit they pay heavily for it

 

You can split hairs all day long if you want, but if a coin shows evidence of handling, it isn't in mint state. If in your world a coin that shows evidence of handling can still qualify as being in the same condition as it left the mint, who am I to try and convenience you otherwise.

I may be just an old farm boy, but one thing I learned long ago is that once you know that someone is unsavory about one particular aspect, it a fair bet that it's not the only one. So tell me, just how unsavory do the TPG's have to get before you consider it a problem. What other businesses do you feel are justified in not providing the services being paid for in the name of profit.

As for my "bias", I'm just one of a few who is willing to take on the TPG apologists and present the rest of the story. In case anyone hasn't noticed, responses to what I post are usually directed at me rather than the points I make. For example, Rick Mongomery did state that the coin shows evidence of handling. How "conservation negates that is beyond me. NGC did in fact change the grade on at least one of the 1804 Dollars. Rick Mongomery also stated that the reason for the change in grade was due to gaining a frame of reference with regard to the 1804 Dollar which in my opinion is an insult for the reason I stated in my previous post..

Whether you like it or not, my opinions are just as valid as yours if not more so because I usually provide verifiable references to back up my opinion.

 

Changing the grade on an 1804 dollar doesn't neccessarily equate to some kind of moral terpitude. TPG's are run by humans, and humans do make mistakes. I don't think it is fair to assume without knowing that they simply were changing the grade because it is famous.

Also, handling doesn't equate with wear. If you take an uncirculated coin, drop it hold it in your hand a bit, etc, it isn't neccessarily going to show any signs of circulation.

Just my two cents.

 

If a coin shows evidence of handling, it isn't mint state regardless of whether the handling was from "circulation" or just played with by the owner. Again, THE MICKLEY DOLLAR WAS DISCOVERED IN A BANK TELLERS TILL. If anyone can tell us just how many hands that coin went through before it was taken out of circulation, I'm sure we would all be interested.