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<p>[QUOTE="Sallent, post: 2288883, member: 76194"]Here is another good example, and a lesson I was able to learn at no cost...as I returned it for a full refund. Boy, did I learn my lesson quickly. Coming from US coins I expected better from, and trusted NGC to get it right. You guys kept me from getting a black eye with this puppy. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie25" alt=":blackeye:" unselectable="on" unselectable="on" /></p><p><br /></p><p>It is graded as VF with 5/5 strike. This more realistically an aVF, and calling it 5/5 strike when part of victory's head and body are off the flan is a mean joke from NGC designed to sucker a newbie like me into leaning an expensive lesson.</p><p><br /></p><p>[ATTACH=full]458689[/ATTACH] [ATTACH=full]458687[/ATTACH] [ATTACH=full]458688[/ATTACH]</p><p><br /></p><p>These days I think that NGC and PCGS stand for "Making coins into expensive commodities by inflating the grades and finding variances that don't exist, one coin at a time."</p><p><br /></p><p>A couple of decades ago having a 19th century coin be an MS-66, MS-67, or MS 68 was such a rarity that when it happened it was a national news story. It's been mentioned that you can take an old coin in one of the old holders, graded MS-62 or MS-63, and submit it today and probably get back an MS-66. Grade inflation has crept in as coins become commodities. The rare MS-67s of 2 decades ago are not that rare today thanks to grading standards softening up a little. And it seems like there are new variations popping up all the time thanks to these grading services (which equals more hype and more expensive coins). When you need a microscope to see the "variation" there is a problem.</p><p><br /></p><p>Unfortunately, it seems NGC is trying to do the same to ancient coins...overly generous grading, probably to convince Ancient Coin Dealers to submit the coins to them to get an inflated grade to turn their $200 ancient into a $1000 ancient. It is working...look at the number of ancient slabbed coins now.</p><p><br /></p><p>Anyway, that's my opinion. Feel free to disagree.[/QUOTE]</p><p><br /></p>
[QUOTE="Sallent, post: 2288883, member: 76194"]Here is another good example, and a lesson I was able to learn at no cost...as I returned it for a full refund. Boy, did I learn my lesson quickly. Coming from US coins I expected better from, and trusted NGC to get it right. You guys kept me from getting a black eye with this puppy. :blackeye: It is graded as VF with 5/5 strike. This more realistically an aVF, and calling it 5/5 strike when part of victory's head and body are off the flan is a mean joke from NGC designed to sucker a newbie like me into leaning an expensive lesson. [ATTACH=full]458689[/ATTACH] [ATTACH=full]458687[/ATTACH] [ATTACH=full]458688[/ATTACH] These days I think that NGC and PCGS stand for "Making coins into expensive commodities by inflating the grades and finding variances that don't exist, one coin at a time." A couple of decades ago having a 19th century coin be an MS-66, MS-67, or MS 68 was such a rarity that when it happened it was a national news story. It's been mentioned that you can take an old coin in one of the old holders, graded MS-62 or MS-63, and submit it today and probably get back an MS-66. Grade inflation has crept in as coins become commodities. The rare MS-67s of 2 decades ago are not that rare today thanks to grading standards softening up a little. And it seems like there are new variations popping up all the time thanks to these grading services (which equals more hype and more expensive coins). When you need a microscope to see the "variation" there is a problem. Unfortunately, it seems NGC is trying to do the same to ancient coins...overly generous grading, probably to convince Ancient Coin Dealers to submit the coins to them to get an inflated grade to turn their $200 ancient into a $1000 ancient. It is working...look at the number of ancient slabbed coins now. Anyway, that's my opinion. Feel free to disagree.[/QUOTE]
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