The slabbing thread

[markn]

Well, everyone else is wading into this discussion, so I might as well.

Credit to him, he does mentioned that the coin has been cleaned.

However, to grade the coin VF is a bit of a porky. Perhaps US coins are graded differently than AUS coins, although I had always been under the assumption that the F/VF/EF/UNC grades were universal.

If that is VF, then I need to go back and regrade all my pre-decs.

*sigh* Look at the number not the letter.  VF30 would usually be equivalent to fine in Australian adjectival terms.  Perhaps a little less perhaps a little more.

[coxspau]

Perhaps my grading terms are little off, but would this coin grade in Australian standards as Fine?

I would have thought VG.

My grading skills still need to be improved so this is somewhat of an learning.

[enworb]

This date is often very weakly struck, especially on the obverse. I would be hapoy to call it fine.

[trout]

I think you were a bit harsh mate. As i said in the CCF thread and walter has now backed up its not the worst graded coin ever. At that price its not completely unreasonable. I sell absolutely shocking examples with mostly missing legends for $15-20. $60 isnt that much to get a coin with a nicely detailed reverse and full obverse legends.

I intended to be harsh, It's not about the coin per se It's about the fact that everyone and that includes Me you and even my neighbours dog has consistently bagged and vilified basement slabbers.
To see such respected people selling this type of garbage is quite upsetting .
If the coin had been cracked out and sold raw at that price , Then I wouldn't have a problem :ok:
But to list it in all its glory in that BS slab just seems wrong and is like they are promoting them.
If anyone else did this you would be all over them, But because Bobby does it you are fine with it.
Like I have said on many an occasion "I am NOT a diplomat" and if  calling a spade a spade is being harsh then "So be it"

[markn]

Perhaps my grading terms are little off, but would this coin grade in Australian standards as Fine?

I would have thought VG.

My grading skills still need to be improved so this is somewhat of an learning.

Given that the date is usually weakly struck I wouldn't be surprised to see it graded as Fine by most dealers.  Personally I'd put it at aF.  There's a bit too much meat on the obverse (and certainly the reverse) to consign to the VG realms.

That being said I wouldn't call anyone a rubbish grader if they called that coin VG.  Perhaps a tad conservative.

[stevo1962]

I would say it an optimistic fine but no better.The obverse definately has a weaker
strike and I wouldn't want to pay any more than about $40 for it

[Goldseeker]

Regardless of what is said in this topic, the three I have in my collection were all found with a metal detector during my detecting days.   One of mine is a lot worse that the one pictured but the other two are quite reasonable.

I would be very happy to see mine fetch $45.00-$50.00 each if I was to sell them.

[Fulvio]

I see two separate issues here.

On the question of the coin's grade, it is what it is, and at the end of the day any grader's opinion is just that, an opinion. If you have it in your hand, you can make up your own mind. If you don't, you an either judge by the pics and description, or blindly accept a third party grade. The consensus seems to be its been fairly described.

The other question is whether the Gospel according to PCGS is the one true Word, and all others are blasphemers. "Basement Slabbers"??? WTF? A company goes into a business in competition with others in the field. They have no greater or lesser right than anyone else to do so. If they offer an inferior service, they will fail. If not, they will succeed. Why attack them, and the owner of one of their products, just because they aren't the top dog?

By that reasoning, we'd all be driving Holdens, we'd all be shopping at Coles, banking with CBA, eating at McDonalds, etc etc etc.

Its a diverse world. There are going to be multiple competing providers for any service. If you don't like a particular provider, fine, move along. But don't just blindly attack, it's demeaning.

[Sapyx]

The other question is whether the Gospel according to PCGS is the one true Word, and all others are blasphemers. "Basement Slabbers"??? WTF? A company goes into a business in competition with others in the field. They have no greater or lesser right than anyone else to do so. If they offer an inferior service, they will fail. If not, they will succeed. Why attack them, and the owner of one of their products, just because they aren't the top dog?

There are three kinds of American "slabbing companies". The so-called "top tier" are the widely recognized ones [sarcasm] we all know and love [/sarcasm]. They have market dominance, eBay's seal of approval and are remarkably consistent with each other, given the vagaries of the artform which we call coin grading. PCGS, NGC, ANACS.

At the bottom are the "basement slabbers"; they are called this to conjure up the image of somebody sitting in the basement, slabbing up their own coins. These people are basically conmen, taking their own coins, wrapping them in a veneer that looks like a neutral third-party opinion and hoping to trick people into believing their overgraded coins ought to fetch the same prices a "top tier" coin should fetch.

In between are those rarest of creatures, the "second-tier" or "wannabee" TPGs. These are companies that genuinely and sincerely are doing what Fulvio indicates: trying to provide realistic and genuine third-party opinions on coins they do not own, but are submitted to them. In comparison to the "basement" group, the second-tier list is very small indeed; you've got ICG (which has eBay approval, so it's really at 1½ tiers), SEGS and that's about it in America; you can probably include the two Canadian ones and British CGS here as well given their limited recognition outside of their home markets. But PCI/DGS was once a member of this tiny group.

And in case it isn't perfectly obvious by now, the answer is no. Bobby of CCF is not, and never has been, affiliated in any way with DGS. As I said above, DGS does not even exist anymore, so "promoting" them would be futile. Frankly, trout, I think you owe them an apology for jumping to such a hasty conclusion.

So why is this still in the basement slab when PCGS/NGC could slab it ?

If there's one thing I can't stand about the entire theory behind slabs, it is this very attitude that creeps into slab-only collectors who encounter raw yet desirable coins: "If your coin is so good, how come it isn't already in a slab?". Hello?!? Not everyone believes in instant slabbification. The simple and obvious answer is, nobody's gotten around to it yet.

In the case of this particular coin, the reason why nobody's gotten around to it yet is also obvious: in the sorry condition that it is in, a PCGS/NGC wrapper isn't going to increase its value by much. Unless you've got some free submission vouchers you need using up, there's no ROI; you simply aren't going to get your money back. The DGS slab is good enough.

By that reasoning, we'd all be driving Holdens, we'd all be shopping at Coles, banking with CBA, eating at McDonalds, etc etc etc.

OK, how do you know so much about me? Where are your spy cameras??!?? :dodgy:

[JeffH]

I think Fulvio is over-simplifying the case. I drive a Holden but my wife drives a Ford. We shop at Woolworths or IGA and never (repeat NEVER) eat at the golden arches. Very occasionally have Kentucky Fried Chicken (for the younger generation that is what "KFC" stand for) and sometimes a pizza (but not the place with the faux Swiss chalet style roof. More likely to go for Indian or Thai for out of home food.
And we are both "grannies" [if that can be used for both sexes].

[purplepennyhunter]

I am a Holden girl but drive a Toyota or a Mazda. I shop wherever the specials are but I don't want tickets to One Direction. I bank wherever they don't charge me any fees (doing the ING wave'n'save right now -they credit you back 5% the same day!).  I refuse to eat at the Golden Arches unless I am away from home then at least I know what I'm getting and that's a pain in the guts. I am not a Grannie yet nor will I be any time this decade.

Sorry this has gone way off topic.

[Fulvio]

OK, how do you know so much about me? Where are your spy cameras??!?? :dodgy:

Everywhere, of course...

"Hello, I'm from the Government. I'm here to help you." :mafia:

Seriously though, its never good to jump to conclusions, as my sweeping generalisations and the last couple of comments show.

[JeffH]

If it helps Fulvio. Our town does not have a Coles supermarket.

[Sapyx]

To drag it even further off topic:

...Very occasionally have Kentucky Fried Chicken (for the younger generation that is what "KFC" stand for)...

Actually, just like ANACS (one of the American TPGs) no longer stands for "American Numismatic Association Certification Service" since it was sold off, "KFC" doesn't officially stand for anything anymore. The government of the State of Kentucky trademarked the word "Kentucky" in 1990 in an effort to extract some much-needed licensing dollars from its most famous users (KFC and the Kentucky Derby). But all that happened was the Colonel and the Derby simply changed their names. Snopes page.

[accumulator]

Sap Wrote

And in case it isn't perfectly obvious by now, the answer is no. Bobby of CCF is not, and never has been, affiliated in any way with DGS. As I said above, DGS does not even exist anymore, so "promoting" them would be futile. Frankly, trout, I think you owe them an apology for jumping to such a hasty conclusion.

Given all the facts i have to agree with Sap on this one sorry Trout.