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An example of how auction house photos can you lead astray
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<p>[QUOTE="johnmilton, post: 3653303, member: 101855"]In my experience, both PCGS and NGC started out grading very conservatively. This is why you see people going ga-ga over coins over “rattle holders” (PCGS) and NGC “fatty holders” or the holders with the gold inlay logos. The very earliest NGC holders had black, not white, inserts. Those are collectors’ items in and of themselves, and the few examples I have seen were very conservatively graded.</p><p><br /></p><p>There are those who think that the PCGS holders with the “Old Green Labels” (OGL) are all conservatively graded. There is some truth to that, but you can’t blindly take it the bank. There are some of those coins that might not grade today if they were cracked out.</p><p><br /></p><p>The first three coins I had graded circa 1988 were all under graded. In one instance I got big trade-in on a common date $5 gold piece for the 1794 half dime in AU-50 that is sitting in my collection today. A $5 Indian eventually upgraded from AU-58 to MS-63. I had $10 Liberty that went from MS-64 to MS-65.</p><p><br /></p><p>The main complaint in the early days was that the grading services were too strict although, as with everything, there are exceptions.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3653303, member: 101855"]In my experience, both PCGS and NGC started out grading very conservatively. This is why you see people going ga-ga over coins over “rattle holders” (PCGS) and NGC “fatty holders” or the holders with the gold inlay logos. The very earliest NGC holders had black, not white, inserts. Those are collectors’ items in and of themselves, and the few examples I have seen were very conservatively graded. There are those who think that the PCGS holders with the “Old Green Labels” (OGL) are all conservatively graded. There is some truth to that, but you can’t blindly take it the bank. There are some of those coins that might not grade today if they were cracked out. The first three coins I had graded circa 1988 were all under graded. In one instance I got big trade-in on a common date $5 gold piece for the 1794 half dime in AU-50 that is sitting in my collection today. A $5 Indian eventually upgraded from AU-58 to MS-63. I had $10 Liberty that went from MS-64 to MS-65. The main complaint in the early days was that the grading services were too strict although, as with everything, there are exceptions.[/QUOTE]
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An example of how auction house photos can you lead astray
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