Poorly Graded Coins. What Next????
A new service to add value to CAC coins
Dear Journal:
I am going to start a new company that is going to affix a little red oval label to your CAC labeled coins to verify that I agree that CAC agrees with the agency that certified the coin. The label will have the letters SITYS on it, which stands for See I Told You SO sound ridiculous WELL IT IS!!!!!!
When someone sends in a bulk order to be graded, say 200 coins, they usually get to specify that they don?t want anything under a certain grade say MS69 for ASE?s they then only pay for the grading of the ones that meet that grade or above but they have to have a minimum number of coins that meet that standard or pay a penalty. It is set up in such away that there is no advantage in over grading coins to make more money.
I think that rare and valuable coins are graded to a little lower standard than common date coins by as much as one whole step as in Fines being Very Fines and so on.
If you haven?t read NGC?s warranty you should they leave a whole lot of wiggle room. It?s on there web site for everyone to see.
Later JimL4004
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