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Alex in PA.

Member: Seasoned Veteran
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Posts posted by Alex in PA.

  1. 6 minutes ago, VKurtB said:

    Unbelievable how bad they are.

    Yes.  It was crashing within the first five minutes of the sale of those Privy Dollars.  You got lucky.  I'll wait until October but I'm not interested in the 'Privy' marked coins.  One Morgan and 1 Peace just to have them is fine.

  2. 33 minutes ago, JKK said:

    As long as there are methletes filching from kindly enabling relatives who don't keep their coins in safes, there will be random finds of unslabbed coins spent or bartered for their next highs.

    Sad but true.  Don't forget those loving juveniles who take those coins from daddy's collection to the nearest store for treats or smokes.   :facepalm:

  3. 1 hour ago, MarkFeld said:

    Grades aren’t “final” and the evaluation occurs when the item is resubmitted or submitted to a different evaluator.

    Absolutely, and if you remember my previous post I have done that.  However, this occurs only when I am not satisfied with the grades I receive which is on rare occasions.

     

    1 hour ago, MarkFeld said:

    And let’s not forget, it’s not as if lots of coins with CAC stickers aren’t re-graded or cracked out, as well.

    Edited 45 minutes ago by MarkFeld

    Yes, there are those folks who are in a never ending search for the highest grade they can get for a resale value.  

  4. 23 minutes ago, VKurtB said:

    As long as CAC exists, neither major firm can justify calling anyone in their grading room a “finalizer”. They’re ceded that role to John. 

    Definitely agree.  However, I will continue to accept the decisions of those graders who are employed by NGC and the folks ATS.  No other hobby I know of has an 'Evaluation' of the final grades.  Not Currency, Base Ball Cards, Comic Books, etc.  There comes a point where each of us must trust; I have reached mine and others will find theirs.

  5. JA aka John Albanese:

    John Albanese (1959-present): Since 1978, John Albanese has been at the forefront of many of the coin industry's greatest innovations. He was a founding member of the Professional Coin Grading Service (www.PCGS.com) in 1986, founder of Numismatic Guaranty Corporation (NGC) in 1987, founder of Intercept Shield (a line of products designed to protect coins from corrosive gases) in 2001, and founder of the Numismatic Consumer Alliance in 2005, an organization dedicated to protecting individual coin buyers. In subsequent years, the Numismatic Consumer Alliance has assisted in the recovery of over $10 million lost under abuses in the coin industry. In 2007, Albanese formed the Certified Acceptance Corp. (CAC) and has rendered opinions on hundreds of millions of dollars' worth of rare coins. Albanese continues to deal in high-end rare coins and to fight for the numismatic consumer.

    And this isn't all JA has done.  My only question is:  Given his ability to move from one area to the next..............what will be next?   

  6. 21 minutes ago, MarkFeld said:

    I don’t understand someone deciding ahead of time that an additional expert opinion is a waste. 

    I can't speak to everyone but people always have their grievances; large or small.  Getting a second opinion is not a bad thing and I have done it.  That second opinion cost me a small bundle of money but it was the right move.  Since we are speaking to honesty let me explain.  I saw on EBay two Carson City Trade Dollars for sale at great prices.  On was graded MS and the other AU by a bottom tier TPG.  Bought them and was so happy at the price visions of flipping flew through my eyes.  Sent them to NGC and both came back Details-Cleaned.  No, no I said.  Cracked out and off to the folks ATS they went.  Came back Details-Cleaned.  I was heart broken but unfortunately a first year student could see that AU had been cleaned but I just didn't want to believe it.  I had pictures of the original slabs and could have sent the coins back to the original TPG.  Instead, they were sold PCGS Details- Cleaned.  Hard lessons are sometimes hard learned but I made sure the person buying them knew what was what.  On the Original MS I can see the grader made an non-intentional error but the AU one a 5th grader could tell it was cleaned.

    rantrant

  7. 43 minutes ago, Quintus Arrius said:

    the Forum is a whole lot better at times without me on it.

    Nonsense.  Everyone is welcome here.  The Good, the Bad and the Ugly.  As for obsolescence one of my grandchildren mistook me for for a reptile.   I believe the term he used was 'Dinosaur".  How rude!

  8. 8 hours ago, Alex in PA. said:

    Call me a pessimist but I do not believe this is the first time and in past two months.  The NGC Forum has had more 'Newbies' show up in the last two months than ATS has had in years.  Are we getting popular?

    No kick back on this?  Some people on our forum don't seem to mind being made a fool of.  I submit:  Parking lot found coins being posted as 'errors'?   Coins mechanically altered being submitted as rarities and errors?  No, it can't be.  I must be missing something.

    Perhaps someone can give me the 'inside' information on this phenomena, eh?