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Never again buying raw ancients from online auctions.
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<p>[QUOTE="AncientJoe, post: 3528977, member: 44357"]This is not how CNG handles their eAuctions (or normal sales). They do all of the cataloging - not the consignors - and will disclose any issues they spot. Of course, they are human and NGC might have different standards/opinions as they are also human. </p><p><br /></p><p>If the consignor isn't happy with what CNG says about a coin, they can generally take the coin back and not sell it through the sale - there's usually a dialog before the sale is posted to ensure everyone is on the same page. I recently had them spot a deceptive fake that I consigned and I returned it to the dealer from whom I purchased it.</p><p><br /></p><p>A relatively low proportion of auctions come from the inventory of the auction house. There are usually more than enough coins floating around to fill sales.[/QUOTE]</p><p><br /></p>
[QUOTE="AncientJoe, post: 3528977, member: 44357"]This is not how CNG handles their eAuctions (or normal sales). They do all of the cataloging - not the consignors - and will disclose any issues they spot. Of course, they are human and NGC might have different standards/opinions as they are also human. If the consignor isn't happy with what CNG says about a coin, they can generally take the coin back and not sell it through the sale - there's usually a dialog before the sale is posted to ensure everyone is on the same page. I recently had them spot a deceptive fake that I consigned and I returned it to the dealer from whom I purchased it. A relatively low proportion of auctions come from the inventory of the auction house. There are usually more than enough coins floating around to fill sales.[/QUOTE]
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Never again buying raw ancients from online auctions.
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