APCGS Grading

Oldcoinchest · June 07, 2015, 05:30:09 PM

Hi,
does anyone use these guys at all? (APCGS)
I recently seen 2 coins for sale graded MS70.
I had a look at the PCGS population report and the highest they had graded were ms66 and ms68.
Checked out the APCGS population report and these coins weren't even on their list.
I seen a few things with each coin that would suggest that the coins wouldn't grade a ms70 with PCGS. I did read on the APCGS website that they grade coins to Australian standards and not world standards?
Are Australian standards lower on the Sheldon scale?

Any opinions, experience or comments are welcome.

JeffH · June 07, 2015, 05:44:51 PM

APCGS standards are APCGS standards. I would not be surprised that, if you submit a coin for grading, your suggestion of what grade you expect will weigh heavily for the final result.
Their grades are not credible, not consistent and bear little relationship to other third party graders.

Seems to be a large element of "amateur hour" with them. I have heard rhat people associated with this company do not have good reputations in the coin community but don't know if this is true.

I will be interested to read the comments that are sure to follow.

oh my florin · June 07, 2015, 06:32:09 PM

There is no correlation what so ever between PCGS/NGC and APCGS. The closest example in Economics would be the Philips Curve after 1948 (None whatsoever.)

ausjack · June 07, 2015, 06:41:07 PM

There's a lot of suss things with that lot and a few things I don't like, like them not putting colours on especially predecimal proofs, yes BR are easy to pick but it's a very fine line between RD and RB. Actually thought they would have closed down by now and especially having PW selling them with his polished junk.

trout · June 07, 2015, 06:55:22 PM

This thread can only end in tears :ok:
We probably have members (Sleepers) on this site that utilise APCGS to overgrade their overpriced coins on eBay and other sites that WILL take offence.
Who really gives a Rats arse anyway, NOT me :laugh2::diablo:

keldaw · June 07, 2015, 06:55:41 PM

I agree whole heartily , Jayson

Fr45h3R · June 08, 2015, 10:54:44 AM

Quote from: 'Oldcoinchest' pid='74040' dateline='1433664009'Hi,
does anyone use these guys at all? (APCGS)
I recently seen 2 coins for sale graded MS70.
I had a look at the PCGS population report and the highest they had graded were ms66 and ms68.
Checked out the APCGS population report and these coins weren't even on their list.
I seen a few things with each coin that would suggest that the coins wouldn't grade a ms70 with PCGS. I did read on the APCGS website that they grade coins to Australian standards and not world standards?
Are Australian standards lower on the Sheldon scale?

Any opinions, experience or comments are welcome.

Hi OCC,
Depending on the year they were graded by APCGS will depend on the actual grade assigned. Their standards have been constantly changing to keep up with the markets acceptance of them (they have a large following on Facebook)
If I recall, coins that are currently graded by them actually have some sort of guarantee (based on their website, though it looks like a rip off of what NGC have) however they have also started the grade some coins extremely tough (wrong?)

They claim to use Australia Standards, but I have seen many EF / AU coins they have graded which would be low / mid MS coins at PCGS / NGC, and then MS coins which have had a clean / brush that would no grade at PGCS / NGC.

Here is an example I purchased as an AU50.

The plastic surround on the coin is also something that doesn't sit right with me. It smells quite horrible, and the coin has been out of the holder for months but it still has the plastic smell.
Best advice with this mob is, is to buy the coin and not the holder.
Be wary of their 'error' coins as well, as I have seen a few blatant shed jobs in their holders.

Do you have links to the MS70's?

-rob

Oldcoinchest · June 08, 2015, 11:53:13 AM

Thanks Rob. Good advice. Thanks for the input.
I don't have the links but it was a facebook sale page. (FNQ) buy, swap and sell. I didn't want to bring it up there while this guy was trying to sell his coins. Was just interesting and wanted to know more about this mob and gather others thoughts.
(Not thoughts about the mob out the fronts of Kels place. but cool photo Kel.) Cheers Steve

markn · June 08, 2015, 05:56:38 PM

APCGS have their own standards that are not in any way related to anyone else's. I'd appreciate it if the usual subjects (you know who you are) could refrain from slandering them and posting TOTALLY OFF TOPIC in this thread.

autocoupler · June 08, 2015, 09:28:43 PM

Quote from: 'markn' pid='74097' dateline='1433751998'APCGS have their own standards that are not in any way related to anyone else's. I'd appreciate it if the usual subjects (you know who you are) could refrain from slandering them and posting TOTALLY OFF TOPIC in this thread.

Yesum Boss, point taken, but I didn't slander anyone apart from expanding on some sleepers over a bottle of red:blush:

trout · June 09, 2015, 05:49:53 AM

It would be fantastic if APCGS graded to the same standards as PGCS/NGC.
It would save me a fortune in postage and would be a far faster turnaround than sending my coins to the US.
However as yet this is not the case and the company has a bad reputation because of its history of overgraded coins and its inability to detect cleaned of even fake coins.
I am led to believe that there has been a change of ownership/management and are now operating in a more professional manner.
As far as I am concerned the horse has bolted for this company to gain a good reputation as a TPG and I will be sticking to PCGS and NGC until we get a bonafide Australian TPG :ok:

JeffH · June 09, 2015, 12:59:39 PM

QuoteI am led to believe that there has been a change of ownership/management and are now operating in a more professional manner.

I hope that is true. It would be good to have a professional, trustworthy TPG in Australia.

ausjack · July 03, 2015, 03:35:38 AM

Quote from: 'markn' pid='74097' dateline='1433751998'APCGS have their own standards that are not in any way related to anyone else's. I'd appreciate it if the usual subjects (you know who you are) could refrain from slandering them and posting TOTALLY OFF TOPIC in this thread.

If this is aimed at me just say so because I fell it was indirectly :dodgy: I really couldn't give a f**k who I upset any more as others here don't and they can try and sue me but a bit hard to get blood from a stone and if it's such a problem why start the site or just ban me and be done with it because I really don't care any more and especially because of all the compulsive liars that I'm slowly working out who they are :dodgy: Yet again turning us into the US where you can lie your arse off and it's all good and not get into trouble but tell the truth and all hell breaks loose :dash1:

robbiegal · July 03, 2015, 08:07:24 AM

gee where the flying f** did all that come from AJ?
it looks to me that Mark was cautioning a few members in the delicacies of forums

my own personal opinion is that any start up business that trades with a similar business name to another successful and established company without financial and business collaboration is downright dodgy brothers business activity. So I see the fundamentals to the business as not reliable which is why I wouldn't have faith in the end products.

I can't understand why PCGS hasn't shut down that trading name. They are probably such small fish that they aren't bothering?

it would be no different if I started a sunglasses company called ray bans and tried to trade off that companies' established reputation and consistent quality assurance whilst at the same time blatantly deceiving buyers with like packaging etc
no different if I opened up purple pennies with a like shopfront .. tempted though ... I reckon purple penny is a great trade name

Oldcoinchest · July 03, 2015, 08:40:27 AM

Quote from: 'Oldcoinchest' pid='74088' dateline='1433730193'Thanks Rob. Good advice. Thanks for the input.
I don't have the links but it was a facebook sale page. (FNQ) buy, swap and sell. I didn't want to bring it up there while this guy was trying to sell his coins. Was just interesting and wanted to know more about this mob and gather others thoughts.
(Not thoughts about the mob out the fronts of Kels place. but cool photo Kel.) Cheers Steve

I think it was more related to the topic went to kangaroo's. Its interesting as I still see more coins coming out slabbed from them and its pretty clear what people here think. So people use them but I don't see why. May aswell just be like the PeterWallace (sellers account) guy on ebay and just give ungraded coins your opinion. Its funny to see ms68 in the title and the picture of the coin is raw. Then gives himself a wrap in the description.
Maybe someone here should look into doing that with their experience? But then where would the anticipation be?