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<p>[QUOTE=&quot;IdesOfMarch01, post: 1909430, member: 39084&quot;]This may be one area in which NGC grading can be valuable to non-expert collectors. I&#039;m appalled at the bizarrely incorrect descriptions that many reputable auction houses place on their coins.&nbsp; For example, at the recent Heritage auction the following coin was described as having &quot;...untouched surfaces.&quot;</p><p><br /></p><p>[ATTACH=full]327150[/ATTACH] </p><p><br /></p><p>Even from the Internet and catalog pictures, I could tell this coin had been tooled, and I&#039;m certainly no expert in that area.&nbsp; When I viewed this coin in person, I was struck dumbfounded by the willingness of Heritage to overlook the obvious tooling in the obverse legend, laurel wreath, and some minor tooling on the reverse.&nbsp; My dealer agreed completely.&nbsp; While I wanted this coin as an upgrade to my current one, I decided not to bid on it and it still sold for $26K (not including buyer&#039;s fees).&nbsp; If it truly had &quot;untouched surfaces&quot; it would have been a bargain at $26K, but whoever paid this amount for this coin cannot have been a knowledgeable collector.</p><p><br /></p><p>I find it reprehensible that high-profile, supposedly expert auction houses are purposely overlooking obvious flaws and tooling.&nbsp; Maybe NGC can help rectify this problem.[/QUOTE]</p><p><br /></p>

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