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Fake or "no decision" at one TPG and OK at another??
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<p>[QUOTE="RedTiger, post: 652831, member: 19098"]Authenticating rare coins is one of the most difficult jobs in the world. Very few people are qualified to professionally authenticate a wide variety of coins when facing the top level of fakes. For some coins, I'm sure second and third opinions are sought because they are so tough.</p><p><br /></p><p>As for itsallngoodtime's questions, yes, resubmitting is a popular game for a small percentage of players. That is why it is essential to learn the basics of grading before spending big money on expensive high grade coins. A coin that made it on the 10th resubmit is likely going to sell for a lot less at true auction than a coin that is rock solid for the grade and made it first time through. </p><p><br /></p><p>The low end coin might hammer for half of what a high end coin in the same grade, same company's holder might sell for. Add in various companies and the price spread can be even wider. For some series, some grades, some company's holders are deeply discounted at true auction. Understand that grades and quality are a continuum, but the companies use discrete points. Some series will have a higher consistency rate than others. Best to learn that too, if spending big bucks.</p><p><br /></p><p>As for the second point, yes, PCGS is now using "Genuine" holders for coins with problems such as cleaning, whizzing, damaged rims, graffitti, questionable toning. A few problems such as active PVC damage will not be holdered. Fakes will not be holdered.[/QUOTE]</p><p><br /></p>
[QUOTE="RedTiger, post: 652831, member: 19098"]Authenticating rare coins is one of the most difficult jobs in the world. Very few people are qualified to professionally authenticate a wide variety of coins when facing the top level of fakes. For some coins, I'm sure second and third opinions are sought because they are so tough. As for itsallngoodtime's questions, yes, resubmitting is a popular game for a small percentage of players. That is why it is essential to learn the basics of grading before spending big money on expensive high grade coins. A coin that made it on the 10th resubmit is likely going to sell for a lot less at true auction than a coin that is rock solid for the grade and made it first time through. The low end coin might hammer for half of what a high end coin in the same grade, same company's holder might sell for. Add in various companies and the price spread can be even wider. For some series, some grades, some company's holders are deeply discounted at true auction. Understand that grades and quality are a continuum, but the companies use discrete points. Some series will have a higher consistency rate than others. Best to learn that too, if spending big bucks. As for the second point, yes, PCGS is now using "Genuine" holders for coins with problems such as cleaning, whizzing, damaged rims, graffitti, questionable toning. A few problems such as active PVC damage will not be holdered. Fakes will not be holdered.[/QUOTE]
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Fake or "no decision" at one TPG and OK at another??
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