Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Is ICG really as bad as many people say?
>
Reply to Thread
Message:
<p>[QUOTE="CamaroDMD, post: 5166983, member: 5233"]I have often struggled with coins like this (philosophically...as I have no hope of ever owning one due to cost). When I first looked at the coin I could tell the surfaces had been altered. That was clear...and that there was wear. Not knowing anything about what these coins look like in MS, I went with a high VF. Based on your opinion of it being XF details...I wasn't miles off there.</p><p><br /></p><p>Although I knew the surfaces were altered...my experience looking at coins like this online (I've never seen one in person) has taught me that the TPGs often overlook significant damage to 18th century gold and straight grade them. That's why I went VF35 even though I knew better.</p><p><br /></p><p>I would consider myself an amateur (at best) when it comes to gold...especially older gold as I have never owned one older than 1925. It was clear to me that this coin, although rare and wonderful as it is, has issues. If I can see it, a real numismatist should be able to quickly. So, why does (in this case PCGS) feel the need to ignore the damage? Why do other TPGs do it too? It seems to me that this is common with this type of gold.</p><p><br /></p><p>My first thought is...well, maybe not many exist without damage so the scale has been shifted. My thought it is who cares...call it what it is. If they all have damage then they all have damage and the field will accept that.</p><p><br /></p><p>I have a national bank note in my collection that is a disaster. It has tape, and repairs...it's a mess. But it's one of only a couple known. Once that fact is there...it feels like less of a mess. But just because it is so scarce doesn't mean it's not loaded (and I mean loaded) with issues.</p><p><br /></p><p>I can't imagine that anyone who calls themselves a numismatist would not be able to see this.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 5166983, member: 5233"]I have often struggled with coins like this (philosophically...as I have no hope of ever owning one due to cost). When I first looked at the coin I could tell the surfaces had been altered. That was clear...and that there was wear. Not knowing anything about what these coins look like in MS, I went with a high VF. Based on your opinion of it being XF details...I wasn't miles off there. Although I knew the surfaces were altered...my experience looking at coins like this online (I've never seen one in person) has taught me that the TPGs often overlook significant damage to 18th century gold and straight grade them. That's why I went VF35 even though I knew better. I would consider myself an amateur (at best) when it comes to gold...especially older gold as I have never owned one older than 1925. It was clear to me that this coin, although rare and wonderful as it is, has issues. If I can see it, a real numismatist should be able to quickly. So, why does (in this case PCGS) feel the need to ignore the damage? Why do other TPGs do it too? It seems to me that this is common with this type of gold. My first thought is...well, maybe not many exist without damage so the scale has been shifted. My thought it is who cares...call it what it is. If they all have damage then they all have damage and the field will accept that. I have a national bank note in my collection that is a disaster. It has tape, and repairs...it's a mess. But it's one of only a couple known. Once that fact is there...it feels like less of a mess. But just because it is so scarce doesn't mean it's not loaded (and I mean loaded) with issues. I can't imagine that anyone who calls themselves a numismatist would not be able to see this.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Is ICG really as bad as many people say?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...