PCGS body bagged them. NGC said nice coins??

Discussion in 'Coin Chat' started by NathansCoin, Nov 10, 2006.

  1. NathansCoin

    NathansCoin New Member

    Speedy Every time i scan a slabbed coin it comes out a blur same with the camra . any ideas?
     
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  3. NathansCoin

    NathansCoin New Member


    what do you want to see? im really not a very computer techy person but im sure i figure out something. :)
     
  4. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Nathanscoins,

    It sounds like a great experiment! If you could post a list of the coins submitted, the original TPG and grade, and the subsequent TPG and grade from the re-grading, that would be very very enlightening. I see many NTC and PCI coins around that I've avoided on principle [not being the best grader in the world] and I'd love to know what I'm missing out on.

    Thanks for all the work you put into this.
     
  5. rick

    rick Coin Collector

    ^ what he said.
     
  6. NathansCoin

    NathansCoin New Member

    Ok im still waiting to get the coins i sent to PCGS that where in NTC slabs. That will be the final test of me cracking open my slabs because its so much cheaper to use NTC. Almost half if your doing it at there lowest cost and slowest turn around time.

    As for my reasons for this. I have a very large vast collection with many Choice type coins that i have put together over many many years. I just want to know im doing right and that when i kick, off which the DRs are telling me will be some time in the next 10 to 15 years, my Wifey will be able to take care of my boy with out haveing to worry about knowing how to grade them her self. I myself have no doughts in my personal grading. But shes another story. She pretty much hate when i talk about coins. lol I keep telling her ITS FOR YOUR OWN GOOD. But ehh what can ya do.

    THE LIST OF DATE type's and grade's. As you can see not alot of differance.

    1878 CC Morgan PCGS MS64 NTC same
    1884 O Morgan PCGS MS63 NTC same
    1880 O Morgan PCGS MS64 NTC same
    1888 O Morgan PCGS MS64 NTC same
    1900 O Morgan PCGS MS63 NTC same
    1902 - P- Morgan PCGS MS63 NTC same
    1904 - P- Morgan PCGS MS64 NTC same
    1904 - P- Morgan PCGS MS63 NTC same
    1938 D Buffalo PCGS MS63 NTC MS64
    1883 no cent Victory Nick, PCGS MS62 NTC MS61

    It seems pretty safe to say that you can send your Morgans to JUST about anyone and get it right.

    This is the list of the ten PCGS i cracked open and now are in NTC slabs. I choice these because i didnt want to big of a risk. I made sure they where all choice. I have to admit the lower grade coins might see a differance, im working on the paper work for other orders for ANACS and for ICG right now, but this time aroud im only useing 4 coins that where in the old ANACS slabs and sending them to ICG. Im going to keep that order in the ICG slabs, I like them. they also fit nicly into the boxs and stack well.

    THe Goldies I sent to PCGS a while back where 7 Common date $10 Eagles and 3 Commen date double Eagles. NGC marked MS61 and two MS62. I have over 300 slabbed coins and A LOT of raw coins. PLease dont ask me where i live. lol ot to mention MOST all the slabs are in a safedeposit box's. They safer that way. Pls the yearly insurance is alot cheaper sitting in my a bank.

    Now RICK??? What info do you want? Ill try and do my best getting it to you.

    ALSO can some one give me some help here? I cant get a clear scan of my coins once they are slabbed its just a blur cant even read the freaking writing.
     
  7. Speedy

    Speedy Researching Coins Supporter

    Well for your camera use either the micro setting or if you don't have that take a large magnifying glass and hold it infront of the camera---keep moving the camear back and forth till you see it getting clear---when you see that take the photo and see how it turns out.

    Speedy
     
  8. Speedy

    Speedy Researching Coins Supporter

    NTC is known for not being good at lableing the cleaned coins they get as cleaned--they just grade them as normal...

    Then I would NEVER use another grading company other than NGC or PCGS or ANACS or ICG---if she would have to sell the coins to live I'm amost 100% sure that she will get about 50% of the true value of the coin---dealers and collectors will NOT give what the coin is valued at when in another slab---now for collectors like yourself and some of us that know that you can find a good coin in an off brand slab we don't do that--we pay what the coin is worth but most of the time you would do your wife more of a service by leaving them raw then sending them to NTC or some other place.

    Speedy
     
  9. jody526

    jody526 New Member

    Exactly.
     
  10. rick

    rick Coin Collector

    Nathan, that was what I was looking for.

    To be honest, I'm not surprised by that at all.
     
  11. NathansCoin

    NathansCoin New Member

    im not either. it was more something i wanted to talk about. I have to addmit that i rather enjoy having place talk about coins. As im sure most of you can tell its something that has been a long time hobby of mine. you guys rock.
     
  12. jody526

    jody526 New Member

    Great!

    When would you like to start?
     
  13. GDJMSP

    GDJMSP Numismatist Moderator

    Nathan -

    Your story is certainly nothing new, it's happened to hundreds of others. The stories are all pretty much the same. I've even known of some collectors who would take a coin directly out of a Mint or Proof set, send it to PCGS, and get it back bodybagged as cleaned. To make it even worse, they then sent the very same coins in to PCGS again - this time they came graded and slabbed as Gems.

    You ever read here where I or a few others say that NGC is the most consistent and accurate of the grading companies ? Well, it's reports just like yours that cause me to do that. Anyone who knows me knows that I have never submitted a single coin to any grading company - ever. And I never will. But what I have done is spend a great deal of time reading and participating in just about every coin fourm there has ever been since they began. And it's really not hard to keep track of reports like this. So I have a pretty good idea of how the various grading companies perform.

    And if you had been around here long enough you would have read several times where I have said that accurately graded coins can be found in just about any grading company's slab - even the worst. The problem is you won't do it very often. And the marketplace reflects this. It's not the ones they get right that matters - it's how many they get wrong. And anyone who spends enough time in the hobby soon learns that they get more wrong than do right.

    So, if you are looking to buy a coin already slabbed by one of the lower tier grading companies, and you know how to accurately grade coins yourself, you can sometimes find yourself quite a deal. That's because the coins in those slabs sell for a fraction of what the same coin in a NGC or PCGS slab sells for. But you would be advised in every case, to remove the coins from those slabs after you buy them and have them re-slabbed by NGC - that is if you ever hope to sell them in the future for their true value.
     
  14. NathansCoin

    NathansCoin New Member


    I dont think I have much to say to that then, other then I agree.
     
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