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How on Earth could PCGS have graded this coin problem free?!!!
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<p>[QUOTE="RabidRick, post: 2016563, member: 37868"]Meh... I don't remember a time when people *didn't* complain about TPG inconsistancies. I remember back when I was 13 or so, talking to a coin dealer (who specialized in extremely rare and hard-to-find newsworthy pieces) and he ranted about this. That was 20 years ago.</p><p><br /></p><p>I also haven't seen much value in CAC before, but maybe this is an example of where it has merit.</p><p><br /></p><p>If PCGS is loosening their standards I'm almost certain it's because more people have been submitting to NGC just to get the better grade. There probably is some bias too, in rare occasions.</p><p><br /></p><p>That said, I agree with the post before that TPG's *do* have value in this hobby, especially now that much of it is online. You had sight-unseen coins back then too, from catalogues or magazines or whatever but I think the majority of coins were sold by dealers at actual coin stores. These days, I see many of *those* dealers turning to sites like eBay simply because they end up getting a better deal and a much broader cilent base.</p><p><br /></p><p>It almost makes me wonder if I should get my high-priced ancients certified, despite NGC's fine print <b><i>they don't even guarantee authenticity</i></b> unlike they do with modern US coins. I "know" these coins are authentic, mostly because I buy from certain well-established auction houses and have read up on fakes. (I know is in quotes because I'm aware there have even been moderns that were fakes that made it through the TPG's).</p><p><br /></p><p>If I were to sell them raw on eBay however, I doubt I'd get the same as I would somewhere like CNG which generally sells them raw anyway (come to think of it, I'm not even sure I've seen a slabbed coin on their site). It's kind of a moot point though, because I have no desire to sell any of that stuff at the moment. I'm more a collector than a dealer; I only deal duplicates when I come across something better.</p><p><br /></p><p>With sites like eBay though, there are SO MANY fakes and problem coins it's the only way people will be able to buy the high-end stuff and have assurance what they are buying is as stated. I've bought some expensive raw coins that looked AWESOME from the pictures but after inspection found that they were either cleaned or damaged in some way hidden by the photography. I got my money back, though.</p><p><br /></p><p>Heck, just today on the ride back home I ran across this:</p><p><br /></p><p><a href="http://www.ebay.com/itm/AEGINA-SEA-TURTLE-ELECTRUM-7th-CENTURY-C-E-/161473329802?ssPageName=ADME:X:AAQ:US:1123" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ebay.com/itm/AEGINA-SEA-TURTLE-ELECTRUM-7th-CENTURY-C-E-/161473329802?ssPageName=ADME:X:AAQ:US:1123" rel="nofollow">http://www.ebay.com/itm/AEGINA-SEA-TURTLE-ELECTRUM-7th-CENTURY-C-E-/161473329802?ssPageName=ADME:X:AAQ:US:1123</a></p><p><br /></p><p>I messaged the dealer... I'm not sure if they even know it's a fake, but I haven't gotten a response back.</p><p><br /></p><p>EDIT: I just now got a response. He said "It was purchased from the estate of a well known british collector" and so would have no doubt it's genuine. I had already told him the weight and composition were incorrect and the size points to a stater. I guess we'll see what happens. Looking at his store, it doesn't seem like this is the only one...[/QUOTE]</p><p><br /></p>
[QUOTE="RabidRick, post: 2016563, member: 37868"]Meh... I don't remember a time when people *didn't* complain about TPG inconsistancies. I remember back when I was 13 or so, talking to a coin dealer (who specialized in extremely rare and hard-to-find newsworthy pieces) and he ranted about this. That was 20 years ago. I also haven't seen much value in CAC before, but maybe this is an example of where it has merit. If PCGS is loosening their standards I'm almost certain it's because more people have been submitting to NGC just to get the better grade. There probably is some bias too, in rare occasions. That said, I agree with the post before that TPG's *do* have value in this hobby, especially now that much of it is online. You had sight-unseen coins back then too, from catalogues or magazines or whatever but I think the majority of coins were sold by dealers at actual coin stores. These days, I see many of *those* dealers turning to sites like eBay simply because they end up getting a better deal and a much broader cilent base. It almost makes me wonder if I should get my high-priced ancients certified, despite NGC's fine print [B][I]they don't even guarantee authenticity[/I][/B] unlike they do with modern US coins. I "know" these coins are authentic, mostly because I buy from certain well-established auction houses and have read up on fakes. (I know is in quotes because I'm aware there have even been moderns that were fakes that made it through the TPG's). If I were to sell them raw on eBay however, I doubt I'd get the same as I would somewhere like CNG which generally sells them raw anyway (come to think of it, I'm not even sure I've seen a slabbed coin on their site). It's kind of a moot point though, because I have no desire to sell any of that stuff at the moment. I'm more a collector than a dealer; I only deal duplicates when I come across something better. With sites like eBay though, there are SO MANY fakes and problem coins it's the only way people will be able to buy the high-end stuff and have assurance what they are buying is as stated. I've bought some expensive raw coins that looked AWESOME from the pictures but after inspection found that they were either cleaned or damaged in some way hidden by the photography. I got my money back, though. Heck, just today on the ride back home I ran across this: [url]http://www.ebay.com/itm/AEGINA-SEA-TURTLE-ELECTRUM-7th-CENTURY-C-E-/161473329802?ssPageName=ADME:X:AAQ:US:1123[/url] I messaged the dealer... I'm not sure if they even know it's a fake, but I haven't gotten a response back. EDIT: I just now got a response. He said "It was purchased from the estate of a well known british collector" and so would have no doubt it's genuine. I had already told him the weight and composition were incorrect and the size points to a stater. I guess we'll see what happens. Looking at his store, it doesn't seem like this is the only one...[/QUOTE]
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How on Earth could PCGS have graded this coin problem free?!!!
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