HSN interesting NGC slab

Yuk! lol

 

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I would give NGC the benefit of assuming their usual grading standards applied to these coins. After all the hoopla of a special slab and pricing, the real numismatic meat is whether the coin is accurately described, is authentic, and meets the service's grade standards.

There are a number of scenarios by which a large number of MS70 coins could be obtained:

HSN could hire an expert to choose coins from a bullion supplier that the expert thinks are MS70, or the bullion supplier could have their expert do the selecting, or HSN could buy excess inventory from sellers of NGC-graded MS70 coins and have the coins re-slabbed. There are more possibilities.

Cal

 

Yep, and when HSN asked Pete Nelson to build them a treehouse, he told them to sit on an acorn and let it grow.

Chris

 

Natcherly! As long as it was an 1893S in MS65.

Chris

 

Probably, the most cost-effective option would be to buy them from the Mint in bulk and submit them to NGC with the proviso that only 69's & 70's be graded. Bulk submissions like this are much cheaper, and HSN could still sell the ungraded specimens for their ridiculous prices.

Chris

 

Yeah, there are lots of possibilities. Does anyone know what percentage of business strike ASEs coming out of the mint grade 69 or 70?

Cal

 

There is no grading collusion going on at NGC or PCGS and people need to stop implying that nonsense

 

A good percentage at this point. It's hard to tell the exact percentage since the biggest submitters don't let anything below 69 get slabbed and some don't even bother to have 69s slabbed anymore. Selling excess ASEs that wouldn't have graded well is super easy for them. Unless HSN sold millions of those coins it wouldn't be hard for them to send enough boxes in to get what they need

 

There's no way of knowing because less than half of all ASEs are graded.

A better question is what percentage of the ones graded are grading MS-70.

 

Some of the bullion dealers probably have a good idea or hard data on the distribution of grades of ASEs as they come from the mint. Don't know if they can be persuaded to make the info public though.

Cal

 

Never said collusion. How about preferential treatment and marketing schemes that help companies rip off collectors?

 

The only special treatment big submitters get is lower fees, faster turnaround times, and special labels. Anyone can get the same treatment if they want to submit enough. There is no grading favoritism

 

That would only be possible if the Mint graded them. However, it still impossible to know how many are graded from those submitted by individual owners and private firms.

Chris

 

True. Even if you bought the entire mintage from every owner it would be impossible to tell which ones lost that grade from how they were handled after the left the mint

 

I get so sick and tired of people making ridiculous claims such as this.................."marketing schemes that help companies rip off collectors."

First of all, you can't prove squat!

Secondly, I'd like to know how many of these businesses you have run or worked for that would qualify you to say that?

Before you go and stick your foot in your mouth, you'd better make sure that you can get it out without any trouble.

Chris

 

By the way, I forgot to ask............

Please tell me what you would call such a marketing scheme if it is not collusion?

 

the companies that are doing as you suggest are doing so on their own. NGC is not complicit in the model, and to suggest anything of the sort is patently ridiculous.

As has been said, lower costs, faster turn-around, and even special slabs, yes... grading "help" of any kid, absolutely not.

 

Sometimes the differences between customers, partners, clients, and other similar words used to connote a business relationship are not too great. Sometimes the terms can be interchangeable, depending on the need or image someone wants to convey, weather to indicate a formal partnership or just a group using the provider for a special deal. Sometimes dictionaries for the definitions for these words can be different for different people. One person's idea of what it takes to have someone partner with a group can be much stricter than another.

 

I love the World Famous Chopped Salad" at Meijer's stores. But I've not seen the exact same salad at other stores in my area or in other states I've lived in. Somehow, I think World Famous is just part of its name and it really has less than full US marketability, much less ever being available in one or more other countries. Could be wrong, perhaps somewhere there is one or more other store chains carrying essentially the same salad. Still would not make it actually world famous.

 

Partners would have vested financial interests in each other or at the very least collaborate on the entire process. HSN has no say in how many 70s they get and neither actually has a financial interest in each other. HSNs business is such a small part of NGC or PCGS that losing them makes no difference to either of them. On the flip side if NGC went under HSN would just switch those to a different company.

Let’s put it this way, there’s a reason why they don’t predominately feature PCGS and NGC products. If it was such a partnership that’s all you would see as they’re much easier to sell for higher prices.