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A very basic error by NGC

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If TPG's can't get the basics right... and it doesn't get much more basic... then how are they going to build credibility?

Just so PCGS doesn't feel left out, here's an example of their incompetence.

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Despite the fact that CGS wouldnt give me a discount for volume nor reduce the turnaround time for the same, pesonally, I have far more confidence in the accuracy of their service for UK coins than I do for any fundamentally US TPG service. Who in my view, can still even after all these years, have a cavalier and uninformed attitude to UK coins.

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If TPG's can't get the basics right... and it doesn't get much more basic... then how are they going to build credibility?

Just so PCGS doesn't feel left out, here's an example of their incompetence.

Incompetence indeed - though neither variety is rare, the thin rim is the scarcer one.

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How do those kids say it (with regards to CGS) - NOT! I was visiting about 2 or three years ago to the NYINC show when I pointed out to the CGS folks that the 1875 farthing in their FEATURED display case actually was an 1875 H!

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Far too much moaning about the TPGs here. No one person will be able to turn the clock back, nor fully convert people to slabs. Just accept them for what they are and use your knowledge to cherry pick bargains from the numerous balls-ups. There's enough for everyone to get something. Some people buy slabs based on the number, others buy the contents. There is an opportunity here for those willing to do the spadework because an unduly low number or mis-attribution can result in low prices for the bargain of the century. If the TPGs were perfect, there would be no scope for sneaking a bargain.

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I would say be careful what you do pick up,with regards to TPG coins,take this example;-

http://www.aliexpress.com/item/PCGS-AU55-1893-S-MORGAN-COIN/666995269.html

There has been five sold with the same coin cert in the last few months,the price is less than $150.Do not really know much about dollars,however was under the impression that this is a key date worth $1000's.

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I would say be careful what you do pick up,with regards to TPG coins,take this example;-

http://www.aliexpress.com/item/PCGS-AU55-1893-S-MORGAN-COIN/666995269.html

There has been five sold with the same coin cert in the last few months,the price is less than $150.Do not really know much about dollars,however was under the impression that this is a key date worth $1000's.

Let's see -- an 1893-S encapsulated silver dollar with a CC mintmark on the reverse with multiple examples available from mainland China.

I wonder how much it is really worth :)

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I would say be careful what you do pick up,with regards to TPG coins,take this example;-

http://www.aliexpress.com/item/PCGS-AU55-1893-S-MORGAN-COIN/666995269.html

There has been five sold with the same coin cert in the last few months,the price is less than $150.Do not really know much about dollars,however was under the impression that this is a key date worth $1000's.

Let's see -- an 1893-S encapsulated silver dollar with a CC mintmark on the reverse with multiple examples available from mainland China.

I wonder how much it is really worth :)

I sold a CC dollar today at a bit above melt given the mint. It was dire, but numismatically far more collectable than the Chinese version.

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I would say be careful what you do pick up,with regards to TPG coins,take this example;-

http://www.aliexpress.com/item/PCGS-AU55-1893-S-MORGAN-COIN/666995269.html

There has been five sold with the same coin cert in the last few months,the price is less than $150.Do not really know much about dollars,however was under the impression that this is a key date worth $1000's.

Let's see -- an 1893-S encapsulated silver dollar with a CC mintmark on the reverse with multiple examples available from mainland China.

I wonder how much it is really worth :)

I sold a CC dollar today at a bit above melt given the mint. It was dire, but numismatically far more collectable than the Chinese version.

These types are ok because they are obvious,however it is the dealers or odrinary people who are buying them bringing them into the common market,and they are then sold as genuine,so slowly filter into collecters hands.

Mistakes are seen as TPG errors and the slabs are bought up quickly,and cracked,leaving you with a handful of cheap plastic and base metal.

TPG also say that they will replace any coin found as a fake in their slab,however forgot to mention that it has to be the original person who had the coin slabbed in the first,that claims,so no good if you bought it entombed.

I also asked NGC awhile ago with regards to one of theirs and they said that all coins go through a complex examination,and that it is highly unlikly to be graded wrong,So I thought fair enough you know better (as I opened my 1902 Matt double sovereign,that was marked as 1902 florin,of which I had paid a florins price).NGC you got me on that one.

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I would say be careful what you do pick up,with regards to TPG coins,take this example;-

http://www.aliexpress.com/item/PCGS-AU55-1893-S-MORGAN-COIN/666995269.html

There has been five sold with the same coin cert in the last few months,the price is less than $150.Do not really know much about dollars,however was under the impression that this is a key date worth $1000's.

Let's see -- an 1893-S encapsulated silver dollar with a CC mintmark on the reverse with multiple examples available from mainland China.

I wonder how much it is really worth :)

I sold a CC dollar today at a bit above melt given the mint. It was dire, but numismatically far more collectable than the Chinese version.

These types are ok because they are obvious,however it is the dealers or odrinary people who are buying them bringing them into the common market,and they are then sold as genuine,so slowly filter into collecters hands.

Mistakes are seen as TPG errors and the slabs are bought up quickly,and cracked,leaving you with a handful of cheap plastic and base metal.

TPG also say that they will replace any coin found as a fake in their slab,however forgot to mention that it has to be the original person who had the coin slabbed in the first,that claims,so no good if you bought it entombed.

I also asked NGC awhile ago with regards to one of theirs and they said that all coins go through a complex examination,and that it is highly unlikly to be graded wrong,So I thought fair enough you know better (as I opened my 1902 Matt double sovereign,that was marked as 1902 florin,of which I had paid a florins price).NGC you got me on that one.

You're kidding!!!! :lol:

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I would say be careful what you do pick up,with regards to TPG coins,take this example;-

http://www.aliexpress.com/item/PCGS-AU55-1893-S-MORGAN-COIN/666995269.html

There has been five sold with the same coin cert in the last few months,the price is less than $150.Do not really know much about dollars,however was under the impression that this is a key date worth $1000's.

Let's see -- an 1893-S encapsulated silver dollar with a CC mintmark on the reverse with multiple examples available from mainland China.

I wonder how much it is really worth :)

I sold a CC dollar today at a bit above melt given the mint. It was dire, but numismatically far more collectable than the Chinese version.

These types are ok because they are obvious,however it is the dealers or odrinary people who are buying them bringing them into the common market,and they are then sold as genuine,so slowly filter into collecters hands.

Mistakes are seen as TPG errors and the slabs are bought up quickly,and cracked,leaving you with a handful of cheap plastic and base metal.

TPG also say that they will replace any coin found as a fake in their slab,however forgot to mention that it has to be the original person who had the coin slabbed in the first,that claims,so no good if you bought it entombed.

I also asked NGC awhile ago with regards to one of theirs and they said that all coins go through a complex examination,and that it is highly unlikly to be graded wrong,So I thought fair enough you know better (as I opened my 1902 Matt double sovereign,that was marked as 1902 florin,of which I had paid a florins price).NGC you got me on that one.

You're kidding!!!! :lol:

One of the best finds I've had,coin is still on NGC data base under "2 shilling matte proof 60"can't remember the cert number however not many listed if you Know how search their data base

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post-129-081818500 1359845767_thumb.jpg

Not terribly impressive if they can't even spell the King's name right, is it? :angry:

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post-129-081818500 1359845767_thumb.jpg

Not terribly impressive if they can't even spell the King's name right, is it? :angry:

I'll bet there is somebody out there who collects slab errors! Could be worth a fortune the day there are two of them out there (collectors of slab errors, that is!)! :)

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post-129-081818500 1359845767_thumb.jpg

Not terribly impressive if they can't even spell the King's name right, is it? :angry:

One day it'll probably be a rare error, like "RRITANNIAR" ;)

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post-129-081818500 1359845767_thumb.jpg

Not terribly impressive if they can't even spell the King's name right, is it? :angry:

One day it'll probably be a rare error, like "RRITANNIAR" ;)

Or even an NCG for NGC error!

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post-129-081818500 1359845767_thumb.jpg

Not terribly impressive if they can't even spell the King's name right, is it? :angry:

One day it'll probably be a rare error, like "RRITANNIAR" ;)

Or even an NCG for NGC error!

I never knew dyslexia could prove so potentially valuable.......:P

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NGC graded this as a normal 1820 Crown;

post-6288-018167800 1360011589_thumb.jpg

however this is a known variety

Very very nice! S/T worth 30% more in that grade (according to Spink), so nice touch! What grade did they give it?

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NGC graded this as a normal 1820 Crown;

post-6288-018167800 1360011589_thumb.jpg

however this is a known variety

Variety or not, that's a very nice handsome crown. :)

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NGC graded this as a normal 1820 Crown;

post-6288-018167800 1360011589_thumb.jpg

however this is a known variety

Very very nice! S/T worth 30% more in that grade (according to Spink), so nice touch! What grade did they give it?

They have it marked at a ms60 so not the highest of grades in my opinion,few marks, however nothing really bad.

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NGC graded this as a normal 1820 Crown;

post-6288-018167800 1360011589_thumb.jpg

however this is a known variety

Variety or not, that's a very nice handsome crown. :)

Why thank you Peckris, couldn't believe my luck when I first saw it,and then noticed the s/t,just made my day. :D

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Whilst NGC usually get it wrong to the benefit of a sharp-eyed variety collector, here is one that would certainly disappoint if you believed the attribution. Despite the crap pictures in the listing and on the NGC website, with a bit of magnification it is just possible to see that the J.E.B. is below the truncation and not on it.

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On 1/26/2013 at 11:52 AM, Colin88 said:

Despite the fact that CGS wouldnt give me a discount for volume nor reduce the turnaround time for the same, pesonally, I have far more confidence in the accuracy of their service for UK coins than I do for any fundamentally US TPG service. Who in my view, can still even after all these years, have a cavalier and uninformed attitude to UK coins.

Just thought i would bring this up Colin.

You recently sent a F9 for slabbing and came back as a normal one ?.

Must be a reason for you after these comments to use them again.

Its nothing to do with me but you new  from experience before you sent it ?.

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On ‎04‎/‎02‎/‎2013 at 11:12 PM, Benny who said:

They have it marked at a ms60 so not the highest of grades in my opinion,few marks, however nothing really bad.

I just don't understand how TPGs interpret the Sheldon scale sometimes. The crown is extremely attractive indeed. However, MS 60 is supposed to have bad eye appeal, lots of contact marks etc. which is clearly not the case here.

It appears that coins with a trace of wear but has good eye appeal can be given low MS grades by TPGs in contrary to the definitions of the Sheldon scale.

 

 

 

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