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BillJones

Member: Seasoned Veteran
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Posts posted by BillJones

  1. On another forum I ran into a suspect 1876-CC $20 gold. It is in "an NGC holder" which must be bogus.

    When I checked the serial number on the NGC verification site, the item in the bogus holder is not the same. When I tried to copy the picture of the coin to warn others about the counterfeit, I was not allowed to do that because "this image has a copyright." 

    Okay NGC, you made your point, but I am trying to stop the sale of the bogus coin in a fake NGC holder and get the word out about it. It seems to me that this restriction is penny-wise and pound foolish. 

    Here is a picture of the fake item. It is being offered on Face Book according to the person who started the string of posts. 

     

     

    1876-CC $20 Gold.jpg

  2. I have been posting on "Cointalk" for a couple of years, and have found it most enjoyable. It is great to be able to give an honest opinion about Third Party Graders and not get banned for doing so. The site is strong on giving appreciation to those who try to help other collectors. 

    I have no idea what the OP poster did to get banned so quickly. There are a couple jerks on the "Cointalk." I have put them on "ignore" and the problem is solved. I don't even know they are there most of the time. 

  3. I was born and raised in Delaware, and I have a number of items from the 1938 celebration. In addition to the Delaware commemorative half dollar, there were also a number of medals that were issued at the same time. This first piece is about the size of a half dollar. It is listed in the So-Called Dollars book. Interestingly there were at least some these that went unsold at least 20 years after the event. I bought this one on my fifth grade field trip in 1959.

    I am sorry ... I find this site very frustrating. I don't know how to post more than one picture per message, no matter how hard I try. :frown: I have many items I could share, but I can't post them here.

    2113977325_DelawareSmO.jpg.30373cddc334c7260861d97f10ffd6c3.jpg

  4. I agree with @Walkerfanwhen it comes to NGC losing business. When I got toward the end of my Classic Head $2.50 set, I needed two coins. In the old days would have been very open to buying NGC coins to fill those slots, but since the other coins were PCGS, I decided to look for only their product to fill those slots. At least I could display my complete set somewhere when I got done. I passed on an 1839-C Quarter Eagle because it was in an NGC holder

    Today the set is on the PCGS registry, which not as good as the. NGC software for showing sets, IMO. It is in second place behind Hanson who seems to have almost unlimited resources. According to PCGS, it’s rated among the top five of all time. I take that with a grain of salt because of the modern grading issues. 

     I won’t be catching Hanson, but at least I can display the whole set somewhere. I compiled the Classic $5 set too, but it is NGC and PCGS graded and cannot be shown anywhere in its entirety despite the fact that there are some condition census coins in it. This “NGC only” decision did not help the hobby, and it, on balance, it has not helped NGC.

  5. 1 hour ago, Coinbuf said:

    No worries I was not offended in any way by your comments, I have no issues with how Bill or anyone feels about this or any subject.  But it does get tiring when the only comments that Bill makes is how much he hates NGC because of the registry change and how much he hates CAC.  If he has moved on then please just drop the snide comments and use his knowledge to be helpful instead of bitter.

    Have a good night everyone, yes even you Bill. 

    Drink you Kool Aid and go away. I understand the CAC model, and you do not. It is marketing with a grading accuracy component. Read their ads in “The Coin Dealer Newsletter,” and you will see that

    As for why I retired as a dealer was because I got old; my wife and I are financially secure; and she wanted me to retire. If you write any more fiction about my personal life, I will not respond.

    If you want to talk about collecting, history or economics, I will respond. If you attack me because I do not agree with you about CAC, I will ignore you. 

  6. 1 hour ago, Coinbuf said:

    Is CAC to blame for an over graded cleaned coin in an MS holder or is that the fault of the grading company.  And how can you blame CAC for gradeflation, JA has no control over the crackout/resubmission game that has been going on for years.

    If the coin is over graded, JA should not put a sticker on it. What is it about that concept that you can't understand? CAC is supposed to protect collectors from over graded materal.

    I get it. You are a CAC Kool Aid drinker. You probably have a vested interest in pushing the product because you are either a CAC authorized dealer, have invested heavily in CAC graded coins or both. Others have tried to brow beat me into becoming a CAC cheerleader, so what you are doing is nothing new.

    I'm out. Enjoy your Kool Aid, but don't expect me to join you. The game is over for me. The table that was supporting the Kool Aid stand split down the middle for me a couple of years ago.

  7. 20 hours ago, Coinbuf said:

    You sound like a bitter ex every time you bring this CAC stuff up lol.  So your mad that one man dictates the market (at least in your opinion) yet you allow that one man to dictate what you buy??  You do realize just how silly this sounds right?

    My strongest interest in U.S. coins is in items that were minted prior to 1840. My experience with CAC on those coins has been very disappointing. A fair number of pieces to which CAC has given its approval have been sub-par.

    The last CAC approved coin that I considered buying was the last piece I needed to complete a set of Classic Head Quarter Eagles in AU to low end Mint State. The coin offered to me was in a PCGS MS-63, CAC holder. The coin had obvious rub in the fields and had been lightly cleaned. The dealer wanted $2,000 more than PCGS price guide, $13,000. The coin was really worth about $5,000 to $6,000. I passed. The price of this coin doubled when the grade went from MS-62 to MS-63. If CAC has such great expertise, how could they have endorsed this coin?

    The dealer, who had this piece, is noted for flipping coins within minutes or hours when they go up on his website. He had this piece for three months and was asking people to give him offers. I was not alone in my opinion. Later it popped up in the case of another dealer at the Winter FUN Show.

    Finding U.S. coins that I like from the 1792 – 1840 era is difficult for me. At the same time a bunch of collectors and dealers on the PCGS website tell us that the only coins that are any good are those that have PCGS-CAC approval. The NGC-CAC don’t cut it so far as they are concerned. The message is you buy PCGS-CAC material or you are throwing you money away.

    I can’t cope with that system. I’m not going put myself in the position where I have to buy CAC approved coins only to survive financially, especially when I don’t care for a lot of what they approve.

    I have laid out my case to you. If you want to come back with another insult, go ahead. It’s my money and my collection. If I chose to end my purchases of U.S. coins because of CAC dominance in the market, that is my choice. I just hope that CAC stays out of the token, medal and foreign coin markets. Since I am more drawn to raw items in those areas, I'll probably be able to avoid them if they. do.

  8. It's a shame. The NGC registry used to be fun, but it's one more aspect about collecting U.S. coins that makes them less enjoyable.

    CAC was the last straw. When one person gets to decide which coins you put into your collection, unless you are willing to accept the financial penalties because you have purchased a coin without his sticker, it's time to stop buying. Over the past year, the only U.S. coins I have purchased were a set 2019 silver Proof coins. I am now purching British, tokens and even few ancients. I love my U.S. coin collection, but the days of adding to it are over for me.

  9. Recent information about the “Continental Dollars” in “The Numismatist” (January and July issues) are making the real thing less attractive. Research shows that these pieces were Revolutionary War commemorative medals that were issued from England in the early 1780s after the war ended. They were not issued as part of the Continental Currency series at all. Therefore these pieces were never “money.” They were the product of a business venture to capitalize on the end of the American Revolutionary War.