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<p>[QUOTE="Insider, post: 2657464, member: 24314"]Just watched the video, thanks. Full disclosure: I have met David on several occasions including ANA Summer Seminar (I was not in his course). Also, I have posted that I have a few ancients that I bought while working for a dealer selling everything (us, foreign, paper money, and ancients. Short and sweet, I am virtually totally ignorant about ancient coins however, I own the Sayles Set, Seaby, Becker, lots of auction cats., plus access to more reference books. </p><p><br /></p><p>That said, <b>this was a film</b>. What we saw is probably not realistic. The hands belong to David. In the film he spent from 8 to 27 seconds looking at the coins and rarely used his hand lens. The NGC Ancient Division has grown enough to have needed to bring in more staff. They are doing something right and needed. Remember this was a film.</p><p><br /></p><p>1. IMO, there is no way anyone can examine, grade, and enter one of the ancients in the film <span style="color: #b30000">unless </span>the coins have already been attributed, entered into the computer, and the tracking labels applied to each coin in the box. That is how it is done at every TPGS. All the graders need to do is authenticate and enter their grade into the computer. </p><p><br /></p><p>2. Yes they get groups of the same coin. The majority of coins on the market are not rare.</p><p><br /></p><p>3. No bad rap on NGC or David but this I know for certain. There is <b>NO WAY</b> any TPGS is going to detect a state-of-the-art counterfeit the way it is shown in the film. I suspect that someone must need to occasionally check the Internet plus previously graded coins, and reference books. This is in spite of the fact that most successful long-time professional dealers (no need to name a few) can pick up an ancient and tell if it is genuine, fake, or needs research in a very short period of time and be correct 97% of the time.</p><p><br /></p><p>One of my seminar instructors put it this way...When I authenticate a coin and it goes out in a slab, tens of thousands of people check my work hoping to prove my opinion wrong! All of us here are in that group helping to keep the TPGS honest whether we like/use ancient slabs or not.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Insider, post: 2657464, member: 24314"]Just watched the video, thanks. Full disclosure: I have met David on several occasions including ANA Summer Seminar (I was not in his course). Also, I have posted that I have a few ancients that I bought while working for a dealer selling everything (us, foreign, paper money, and ancients. Short and sweet, I am virtually totally ignorant about ancient coins however, I own the Sayles Set, Seaby, Becker, lots of auction cats., plus access to more reference books. That said, [B]this was a film[/B]. What we saw is probably not realistic. The hands belong to David. In the film he spent from 8 to 27 seconds looking at the coins and rarely used his hand lens. The NGC Ancient Division has grown enough to have needed to bring in more staff. They are doing something right and needed. Remember this was a film. 1. IMO, there is no way anyone can examine, grade, and enter one of the ancients in the film [COLOR=#b30000]unless [/COLOR]the coins have already been attributed, entered into the computer, and the tracking labels applied to each coin in the box. That is how it is done at every TPGS. All the graders need to do is authenticate and enter their grade into the computer. 2. Yes they get groups of the same coin. The majority of coins on the market are not rare. 3. No bad rap on NGC or David but this I know for certain. There is [B]NO WAY[/B] any TPGS is going to detect a state-of-the-art counterfeit the way it is shown in the film. I suspect that someone must need to occasionally check the Internet plus previously graded coins, and reference books. This is in spite of the fact that most successful long-time professional dealers (no need to name a few) can pick up an ancient and tell if it is genuine, fake, or needs research in a very short period of time and be correct 97% of the time. One of my seminar instructors put it this way...When I authenticate a coin and it goes out in a slab, tens of thousands of people check my work hoping to prove my opinion wrong! All of us here are in that group helping to keep the TPGS honest whether we like/use ancient slabs or not.;)[/QUOTE]
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