Message:

<p>[QUOTE=&quot;beef1020, post: 1223619, member: 24544&quot;]Just a quick rant about coin grading and NGC in particular.&nbsp; I don&#039;t like the grading companies, I think they basically help dealers move inventory amongst themselves by making the coins pretty much fungible assets.&nbsp; This is their primary benefit and I am not a dealer, so it does not help me much.&nbsp; Whatever, it&#039;s not a huge problem, but then I see these two coins:</p><p><br /></p><p>Anac 30:</p><p><a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&amp;campid=5335874456&amp;toolid=10001&amp;mpre=http%3A%2F%2Fcgi.ebay.com%2F1845-Large-Cent-Braided-Hair-ANACS-VF-30-%2F120741631287%3Fpt%3DCoins_US_Individual%26hash%3Ditem1c1cc31537" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&amp;campid=5335874456&amp;toolid=10001&amp;mpre=http%3A%2F%2Fcgi.ebay.com%2F1845-Large-Cent-Braided-Hair-ANACS-VF-30-%2F120741631287%3Fpt%3DCoins_US_Individual%26hash%3Ditem1c1cc31537" rel="nofollow">http://cgi.ebay.com/1845-Large-Cent-Braided-Hair-ANACS-VF-30-/120741631287?pt=Coins_US_Individual&amp;hash=item1c1cc31537</a></p><p><br /></p><p>NGC 30:</p><p><a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&amp;campid=5335874456&amp;toolid=10001&amp;mpre=http%3A%2F%2Fcgi.ebay.com%2F1845-BRAIDED-HAIR-LARGE-CENT-NGC-VF-30-BN-%2F180695370341%3Fpt%3DCoins_US_Individual%26hash%3Ditem2a12488a65" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&amp;campid=5335874456&amp;toolid=10001&amp;mpre=http%3A%2F%2Fcgi.ebay.com%2F1845-BRAIDED-HAIR-LARGE-CENT-NGC-VF-30-BN-%2F180695370341%3Fpt%3DCoins_US_Individual%26hash%3Ditem2a12488a65" rel="nofollow">http://cgi.ebay.com/1845-BRAIDED-HAIR-LARGE-CENT-NGC-VF-30-BN-/180695370341?pt=Coins_US_Individual&amp;hash=item2a12488a65</a></p><p><br /></p><p>The Anac 30 is a good solid vf30, the NGC 30 is barely passable as an F15.&nbsp; If the companies are this far apart in grading coins the whole notion of slabbing for fungibility goes out the window.&nbsp; I recently bought 4 rare large cent varieties, and every single one of them was massively overgraded by NGC, but I just thought they were market grading for the rarity.&nbsp; But the NGC coin linked here is not a rarity, only N7 1845 is rare and this is not an N7, it&#039;s just a vastly overgraded common variety 1845, what gives?</p><p><br /></p><p>The second issue I have with NGC in particular is they <b>do not </b>guarantee their variety attributions.&nbsp; I made the mistake of buying a very rare (R6) 1851 N36 in vf25 condition attributed by NGC, which I could not see before purchase.&nbsp; The coin turned out to be very clearly misattributed as an N9...&nbsp; NGC would not do a thing, fortunately the dealer took it back, but come on.&nbsp; Guarantee is the &#039;G&#039; in NGC and you won&#039;t stand behind your variety attribution, and then you grade like in the example above.</p><p><br /></p><p>To my mind NGC has lost it&#039;s status as one of the top tier grading companies.[/QUOTE]</p><p><br /></p>

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