is APCGS the baddy?

Started by lacey, November 04, 2013, 09:43:21 PM

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trout

If PCGS leave their run too late the damage will be done to their name and NGC will end up being the premier TPG in Australia.
I think they need to act now and without prejudice.
I have sent PCGS a couple of emails regarding their "look alike" cousins But so far not even an answer from them :dash1:
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

markn

Quote from: 'accumulator' pid='47955' dateline='1398915675'I edited my post  & i won't say another word about them.

I don't have a problem with people posting about them.  Highlighting that one of their coins is a fake, or over-graded is something that needs to happen.  I just don't want it to get insulting or become a witches hunt.
Founder: Australian Coin Forum
The Australian Coin Collecting Blog

lacey

How many of this sellers coins are real, beside the 5c, 20c and 50c aussie coins?

markn

Quote from: 'lacey' pid='47959' dateline='1398918170'How many of this sellers coins are real, beside the 5c, 20c and 50c aussie coins?

Just about all of them.  There's only been a few fakes pointed out, most of them very recently.
Founder: Australian Coin Forum
The Australian Coin Collecting Blog

lacey


lacey

Quote from: 'trout' pid='46195' dateline='1397006840'
Quote from: 'Basil' pid='46194' dateline='1397006457'There has been at least one(i've been told 2) of NGC fake slabbed 23's slip thru.I can't find the thread on CC but i think a member there spotted it up for Auction.

http://forums.collectors.com/messageview.cfm?catid=6&threadid=876627

At least with NGC there is a guarantee and they will "Make Good" on a grading mistake.
I vary much doubt that that would be the case with APCGS :ok:

The only guarantee you get on APCGS slab is, that it was graded and slabbed by APCGS.  I doubt that would get you
any refund unfortunitely

has any one written to the mint asking their opinion on all these fake errors and fake coin being slabbed by this mob?

trout

Quotehas any one written to the mint asking their opinion on all these fake errors and fake coin being slabbed by this mob?
It has nothing to do with the mint.
Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

lacey

Quote from: 'trout' pid='47937' dateline='1398898880'Talk about people jumping on the bandwagon.
I made the effort and took the time to accumulate a few high grade incused 50 cent coins Then submitted them to PCGS.
I had a couple of successful sales and now these scumbags are using my efforts to promote yet another grossly overgaded coin :dash1:

http://www.ebay.com.au/itm/331187658459?orig_cvip=true&clk_rvr_id=626969990755

oops, I know that scumbag.  And no, it's not me lol

Quote from: 'trout' pid='48060' dateline='1399007400'
Quotehas any one written to the mint asking their opinion on all these fake errors and fake coin being slabbed by this mob?
It has nothing to do with the mint.

It does if they are altering or defacing the coin in any way.

JeffH

Just a thought,,,Do these people actually think they know what they are doing and believe they can accurately grade coins?
I believe I can grade coins (sort of) but would be very reluctant to ask money to certify them -just happy to give an opinion and suggest someone with (much) more experience than me should be consulted; especially for something potentially of high value.
And a question; do they actually grade and slab coins for others or just for themselves?
Thinking is dangerous, it makes you think. That\'s why many people avoid it.

Fr45h3R

I think they follow the ANDA grading standards and try to apply it to the Sheldon scale which doesn't necessarily work (as well as using the current McDonalds / renniks as valuation figures)
My own opinion is APCGS uses market grading, whilst PCGS / NGC give 'technical' gradings (this is why there are sometimes difference of opinion on some coins.)
Check out Walter's page here which outlines the differences.
http://www.numismatics.com.au/Blog/Coin_Grading_Guide

It really comes back to one of the first rules of buying coins. Buy the coin, not the grade on the holder.

-rob

lacey

Well said Rob but, if you buy the unpainted Coronation coin (whether or not it's in a slab), believing it to be an error coin, you'll be out of pocket for a fake error. IYKWIM

And apcgs is more or less certifying that the unpainted Coronation coin in his slab, is genuine.  
I wrote to the mint and asked them whether they thought it possibly it got out of the mint unpainted, and although they are of the opinion it's more likely to have been tampered with, they didn't say it was a definite error or not.
So this guy is slabbing them and saying it is. Oh well, you can't tell these ppl.  They think it's great getting them slabbed cheap.

Fr45h3R

Quote from: 'lacey' pid='48198' dateline='1399201391'Well said Rob but, if you buy the unpainted Coronation coin (whether or not it's in a slab), believing it to be an error coin, you'll be out of pocket for a fake error. IYKWIM

And apcgs is more or less certifying that the unpainted Coronation coin in his slab, is genuine.  
I wrote to the mint and asked them whether they thought it possibly it got out of the mint unpainted, and although they are of the opinion it's more likely to have been tampered with, they didn't say it was a definite error or not.
So this guy is slabbing them and saying it is. Oh well, you can't tell these ppl.  They think it's great getting them slabbed cheap.

It not impossible for that coin to have left the mint that way.
But to me the fact the printing can be removed chemically, would pretty much leave all examples in the 'suspect' category.
It's going to be a case of buyer beware. Unfortunately the lure of the big $$$ will mean someone will probably get stung.

trout

A wee bit of acetone and "Bobs your Uncle "
What a lot of crap :dash1:
The same type of scammers tried this with the proof Millennium 50 cent coin and tried to flog if off as a supreme error .


Aim well to enjoy life. You only get One shot at it.
Illegitimi non carborundum

runway

We all know the fraudsters on greedBay the bastards sell under multiple usernames
Buy what gives you enjoyment