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<p>[QUOTE="ldhair, post: 1252925, member: 11540"]ACG had a different standard for grading coins. Many new collectors did not understand that. It was not even close to the standards of PCGS or NGC. Lots of collectors lost lots of money on these coins because they trusted the grade on the holder. Some of the stories were really sad to here. The hobby lost many collectors because of it.</p><p><br /></p><p>There was a time when dealers were looked down on for even having ACG slabs in their cases. Many would not even deal with dealers that sold them. All the legal problems made it even worse and ACG slabs could be bought for almost nothing. </p><p><br /></p><p>I still own many of them but I bought the coin for what it was and paid no attention to the grade on the slab. Few or none of these would cross today at PCGS or NGC but I did well because I knew what I was buying. When the day comes to sell, I will crack them out and send them in. I can understand how a person would not trust a valuable coin to one of the top services but it would not be wise to sell it without a good slab.</p><p><br /></p><p>I would bet money that Mr. Hager would use PCGS or NGC today if he wished to sell a really valuable coin.</p><p><br /></p><p>I would love to here what Fred would value this coin at today. Is he a member here?</p><p><br /></p><p>redwin, would you mind if I posted images of the coin on a different site and ask for opinions? </p><p>I think it would be really great if a cool coin like this is worth 5 figures.[/QUOTE]</p><p><br /></p>
[QUOTE="ldhair, post: 1252925, member: 11540"]ACG had a different standard for grading coins. Many new collectors did not understand that. It was not even close to the standards of PCGS or NGC. Lots of collectors lost lots of money on these coins because they trusted the grade on the holder. Some of the stories were really sad to here. The hobby lost many collectors because of it. There was a time when dealers were looked down on for even having ACG slabs in their cases. Many would not even deal with dealers that sold them. All the legal problems made it even worse and ACG slabs could be bought for almost nothing. I still own many of them but I bought the coin for what it was and paid no attention to the grade on the slab. Few or none of these would cross today at PCGS or NGC but I did well because I knew what I was buying. When the day comes to sell, I will crack them out and send them in. I can understand how a person would not trust a valuable coin to one of the top services but it would not be wise to sell it without a good slab. I would bet money that Mr. Hager would use PCGS or NGC today if he wished to sell a really valuable coin. I would love to here what Fred would value this coin at today. Is he a member here? redwin, would you mind if I posted images of the coin on a different site and ask for opinions? I think it would be really great if a cool coin like this is worth 5 figures.[/QUOTE]
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