Joydeep

On 6/23/2022 at 1:56 AM, Conder101 said:

One problem is that if they are only accessible by the owner then the owners would somehow have to be registered with the TPG and since coins get bought and sold all the time it would probably pretty quickly reach the point where the TPG wouldn't know who the owner is.  If you buy a coin and the seller didn't get the ownership transferred to him by the person he bought it from, the only way you could get it transferred to you would be to send it back in to the TPG.  The only TPG that has ever tried an ownership registration was ANACS back in the photocertificate days and the rarity of the transfer certificates indicates how badly that flopped.

It is a very basic aspect of human nature to form opinions based on self experience or that of others in proximity. I am not blaming you for it, but that is not what I meant at all.

Let me elaborate the concept I had in my mind. When an individual sends a coin in for grading, TPG's could give them a secret access code/token (via email or printed form alongside the return shipment) to access a private set of pictures. Just like the verify certification page, the TPG's could also have a similar sort of page say  the Owners Corner. This is the page whence the secret code is entered, the private set of pictures can be viewed. Now, when a transaction occurs, the owner furnishes the actual item alongside this secret code. So, basically the TPG is just hosting the private set and they do not get to or need to have knowledge of ownership.

As far as the "too many graded coins" argument by some is concerned, lets separate the wheat from the chaff. The TPS's could implement this concept for coins valued at $1000 or over (value declared in the grading form or the TPG's own assessment/price guide). This would make sense as high valued coins are the primary targets of counterfeiters, also it would reduce the sample size by at least 70-80%.

On 6/16/2022 at 4:46 PM, MarkFeld said:

How would additional images being made available only to the owner, help the counterfeit label and holder problem? Potential buyers wouldn’t be any better off unless the owner wanted to share the information. And for sellers on eBay, that would be a large nuisance. Even then, scammers, posing as bidders, could end up with the images.

Hi Mark, I said access to the pictures on the TPG's database, not the pictures as a standalone entity that one can Save/Download. And as far as criminal elements getting access to them, how does it compromise the safety net ??

On 6/16/2022 at 4:08 PM, DWLange said:

NGC has imaged every coin certified since about 2008, in the holder, and these images may be viewed by anyone at it's website. If there are no photos, it must have been slabbed prior to that time.

Mr. Lange I commend NGC for it. I was talking of a more focused approach about two sets of photos, one for public viewing and one for owners only (private viewing). Maybe I was not clear enough.

Well....I can certainly say that I have made mistakes and learned quite a lot from them. For example, one of my personal experiences in this thread.

It is a bit too bold to go swim in crocodile infested waters and expect no harm. People must do the bare minimum as far as due diligence is concerned (in this case buying costly collectibles from a seller who has 0 ratings and has been on eBay for less than a year). This fact is stressed repeatedly for good reason.

I have also noticed (may be I am wrong) that it is more often than not the PCGS coin slabs that are prone to such counterfeiting.

One solution TPG's could consider is imaging/photographing coins within the slab (the complete unit, available for public viewing on the website of the TPG) and images of both sides of the coin in detail, that too remain in the TPG's database but only for the owner to view. (The one who gets it graded is the first owner, when a transaction happens, the owner has to furnish the actual item alongside access to the pictures and so on for future transactions). This would be a slightly resource consuming but a very effective safety net.

P.S: I believe the whole Community has to come together (TPG's, collectors etc) to keep collecting safe. Whenever, I have come across counterfeits for coins I was interested in, I have messaged senior members like MarkFeld and some others, to raise voice in a strong, collective manner.

Oh man.....perhaps the OP is aiming for puerile comedy.....if unintentional (one has to be unfamiliar with US coinage), it must be due to the wear on the coin that the OP and possibly others might mistake the E in CENT as a U.

Is there any way OP can determine the composition of this....an important lesson indeed but not necessarily a loss yet (I know its like expecting decency from a counterfeiter but I am being optimistic for the OP's sake).

On 10/1/2021 at 6:04 PM, Jerry Picker said:

....... Capitalism? SMH

A coin graded by a top tier TPG like NGC will fetch more than if it was sold raw. The seller did what he had to do (including sending them in for grading) and taking the risk (could have gotten details grade). He has generated much greater wealth in this process. I guess Capitalism in this sense of the word.

Well....certain terms in the west (unfortunately and everyone knows why it is so) have a negative | supremacist connotation. Being from the Indian Community myself I would like to tell everyone that names like Aryan and Swastika are quite common in our community (especially in the Hindu community). In the east they have a positive implication.

Well...the lettering on the coin says VN CVARTO DE BALBOA.....that would be 1/4 or Quarter Balboa. It seems to me to be on the lower end of MS.

What other coins are there in the collection ? Any large crown sized ones ?

Due to the enormous delays, I grew skeptic as to what the thinking and strategy was. I sincerely hope this was not the plan all along. I see even the Early Bird Tier has been already updated to $38 from $35.

Perhaps by making it mandatory to submit beforehand, online,  a copy of the completed submission form(s) alongside the shipping/tracking info of the package to count as incoming traffic. Anyway, the strategy to limit and how they do it is entirely up to NGC to implement. I see no other simplistic way NGC getting past these enormous delays in the near future. I am just trying to point out a path.

1 hour ago, Revenant said:

People can also do what I somewhat accidentally did - fill out the forms and have them ready to go and leave them sitting on my desk for 3 months. Then they get sent in - freeze or no.

Maybe there are other individuals just like this....but I am afraid I cannot relate to this at all...I fill in forms the day before mailing.

Submissions entered into the system on 03/25, no status updates since 03/30 !

NGC has the option of disabling/limiting the submissions page  for a short amount of time, but, of course this will not be considered a valid option because it is a business and profit the ultimate goal irrespective of the fact that most customers, if not all, are unhappy because NGC has made a mockery of the turnaround times (and I am not even taking into consideration the time it takes to get submissions into the system after they have been delivered to NGC).

COVID has become a harsh reality of our times, I have nothing but good wishes and regards for all. But, it is about a year now, to think that a successful business like NGC has been unable to re strategize  a better way....well people are free to believe what they want.

In the garb of "Turnaround times are not guaranteed" NGC cannot and must not take twice the turnaround times. I try not to lose my cool, but at this point it is not acceptable.

Package containing Express Grading Submission (besides a couple of re-holdering submissions) delivered on the 19th of March, but, not yet in the System (as of March 24th). Please look into this.

4 hours ago, Alex in PA. said:

I'm not a fan of that designation being old and from a time long past.  I collect Carson City coins and have only one PL that's an 1865 CC Morgan MS65 PL VAM 6.  Bought it because I couldn't find one at the time.

Alex from P.A was that a typo or are you serious ? BRUH

The dime, as per today's market silver price, is worth more than 15x its face value.

As per the entire P+D mint package is concerned, I have seen pristine 1960 sets sell on eBay for around $30 - $40.

53 minutes ago, errorist said:

Proof 70 on a die crack?

I think you are missing the point I tried making in my previous reply.....it is unlikely and not necessary for all coins in a bulk submission to have the same grade or error designation....

Also, in case there is any confusion, I would like to clarify that NGC does not give the highest grade (i.e. 70) to coins with designated mint errors (atleast I have not seen one).

Well....the number 101 after the dash means that the coin in consideration is the 101st coin in a bulk submission. It does not mean the 100 coins before that had the same grade or error. The seller may be right unless what he says you can do to prove him wrong....find a similar (in the same or higher grade and with the exact error) counterexample.

P.S: The 100th coin in the bulk submission has grade 70. I looked it up, you can too.

Well...it might depend on the type of membership you have. Some of the listed labels are for bulk submissions only (Elite Member Privilege). If you are a premium member, such requests are generally overlooked.

P.S: If NGC mistakenly charged you for the label without providing it, you should definitely take it up with them.

Replace the portraits with what exactly ?