PCGS "Questionable Authenticity" on 1882 $3 Gold piece

I thought of that, too. But it grates to think that grading companies have a secret set of criteria by which they judge your coin. They should be grading (and authenticating) according to public and widely-accepted standards. They should be providing a trusted and guaranteed confirmation that a coin makes the grade, not a proprietary evaluation based on their own secret rules.

Hah, hah, hah. Oh, boy. I really had myself going there for a minute, didn't I? Sigh.

 

Log in or Sign up to hide this ad.

If it is graded or authenticated, it is slabbed. That takes time. A few notes in lieu of a slab is not too much to ask.

regarding helping others better counterfeit a coin, that argument fails because sufficient resources exist to know weight, size, nuances, etc. A few notes from PCGS will not make the difference, especially vague notes.

PS How is my Halloween avatar?

 

Does PCGS ever flat say that a coin is fake? Because there
shouldn't be anything "questionable" about an Omega. If it is an Omega.

 

A grader decides in 6 seconds whether a coin is authentic or not, but also to assign a grade if necessary? How close do you think you are on that?

 

Let us just say 4,200 coins in a 7 hour day? If PCGS averages $15 per submission, that is $63,000.00 per grader per day. Even with overhead, I think a few word explanation, even pre-printed card the grader could check, is deserved for such cases where they question the authenticity of a coin.

 

If it is an Omega maybe it's worth more than a
real one. I understand the black cabinet folks
really like the "good stuff."

 

When ANACS opened up back in 1972 over 66% of all the three dollar golds and type 2 one dollar gold coins were fakes. A LOT of the fake threes were identified and potentially removed by ANACS during the 14 years before PCGS and NGC came along. Add in all the ones that they have spotted as well and then consider that 33% coming in are STILL fakes and that tells you how many fake threes there are out there.

 

Ok . . . . . . . . .?

 

For ten years I've said they should tell people everything including
what comprises the grade that they gave it. If you agree
with that, you would you be the first.

 

Based on GDJMSP's numbers, I would agree. In fact being a TPG appears to be a gold mine.

 

Sure it's goldmine. And even if can't stand the sight of Hall, he's a brillant businessman. The mine just never seems to run out.

 

And they can't even throw some gold dust crumbs back to clients in the way of simple explanations.

 

IMO any information regarding a client's coin
belongs to the client. And if they grade a coin
information has to exist.

 

Agreed! my files are not really my files, they are my clients' files/property and they are free to take their file and go should they please.

 

That gives me an idea can start a agency that monitors TPG and sends out detailed information on grading of the coin. May be even put a little stickers on the slabs to show the graders have been monitored by Third party monitors and they have documented their analysis

 

Which reminds me, I really need to get the paperwork filed to start that FIFTH-party grade verification company. After all, if we don't have a professional, accountable organization to confirm CAC's opinions, how will you know that your coin really deserves that green or gold bean?

 

You guys are missing the point. They do not have the time to take notes or send you a file on each coin. There are no notes or files. If they were to do this you would be paying much more than $15 per coin and very few would be willing to pay it.

A question for lonegunlawyer. How much of your expert time can I buy for $15? I'll guess it's not much and you would want to charge me for any additional time you need to spend and that's fair. You pay for what you get.

Folks need to actually read the form they sign and agree to when they send coins in for a grading opinion. It's nothing new and has been this way for many years. You pay for a one shot opinion.