The Rare Coin Company debacle

[Cockatoo Coins]

Pond Scum...Ouch, someone needs a coffee

[ausjack]

Doesn't mean we can't start our own :friends:

We already have one here

Now now Stevo, we do have some lovely ladies so not all grumpy old men

[Fulvio]

Pond Scum...Ouch, someone needs a coffee

Nah, he's a fish boy, remember? Pond scum is about his speed. :angel:

[trout]

Pond Scum...Ouch, someone needs a coffee

Nah, he's a fish boy, remember? Pond scum is about his speed. :angel:

Trout do not live in polluted water, Catfish, Carp and other shit fish seem to thrive there though :angel:

[Fulvio]

Trout do not live in polluted water

So what, they hop on a bus outta there or something? :dodgy:

[trout]

Trout do not live in polluted water

So what, they hop on a bus outta there or something? :dodgy:

No they just move out or expire, You are obviously Not a fisherman are you :angel:
Normally if the trout return to a river system it is because the quality of the water and habitat has cleaned up, A great example of this is when in the UK the "Clean Air act was introduced .
After the "Clean air Act" was introduced for the greater London area the Trout returned to the Thames river eventually because the pollution and other nasties had been flushed out of the system.

Hopefully Old Mate Cockatoo Coins can effect the same changes on the facebook pages But I don't like his chances because the "Riff Raff" will just create a new page and refuse to admit anyone that would have a detrimental effect on their Scams.

Hopefully this will explain my "Trout" analogy

[frenc11]

He says he grades to "aussie" standards but who knows what that is because I thought that the standard was ANDA and his grading scale is copied from PCGS :blink:

If this "grader" sometimes overgrades and other times undergrades, then either 1) he is grading to a standard that no one here understands, or 2) he is not grading to a standard at all.

Either way, I reckon you'd both agree that you couldn't assume that his grades will cross the same to PCGS.

Eric

I think it's the second one Eric :dodgy: He grades according to how much he likes you so if you run a FB page and promote his rubbish you get better grades and maybe some other kickbacks like a reduced fee..who knows but there's just so much suss stuff happening it's not funny, also if he want to get a coin cheap off someone he'll grade it low so he can get it cheaper when he's shill bidding :dodgy:

sound like it might be a good idea to stay away from this guy , seems he cannot tell a MS coin  from a AU  coin and has his own grading standards no one else wants , needs or understands

[Fulvio]

Not a fisherman are you

Nope. The only thing I ever caught was a seagull. Off the back of my boat cruising up the Yarra in the middle of the city.

Oh, and a cold or three...

[ausjack]

He says he grades to "aussie" standards but who knows what that is because I thought that the standard was ANDA and his grading scale is copied from PCGS :blink:

If this "grader" sometimes overgrades and other times undergrades, then either 1) he is grading to a standard that no one here understands, or 2) he is not grading to a standard at all.

Either way, I reckon you'd both agree that you couldn't assume that his grades will cross the same to PCGS.

Eric

I think it's the second one Eric :dodgy: He grades according to how much he likes you so if you run a FB page and promote his rubbish you get better grades and maybe some other kickbacks like a reduced fee..who knows but there's just so much suss stuff happening it's not funny, also if he want to get a coin cheap off someone he'll grade it low so he can get it cheaper when he's shill bidding :dodgy:

sound like it might be a good idea to stay away from this guy , seems he cannot tell a MS coin  from a AU  coin and has his own grading standards no one else wants , needs or understands

Yes stay well clear and don't send coins to get graded and if you buy one already slabbed have a really good look at the coin and not the grade on it as it could go well at pcgs but you have to have a good look as Stevo has had a few that were graded low change over well but then other people haven't looked at the coin so well and gone off the grade and sent them to pcgs and the coin has been body bagged

Not a fisherman are you

Nope. The only thing I ever caught was a seagull. Off the back of my boat cruising up the Yarra in the middle of the city.

Oh, and a cold or three...

:pirate:

[drakesterling]

If this "grader" sometimes overgrades and other times undergrades, then either 1) he is grading to a standard that no one here understands, or 2) he is not grading to a standard at all.

Either way, I reckon you'd both agree that you couldn't assume that his grades will cross the same to PCGS.

Eric

Well as this "Grader" has pretty much copied PCGS's name I would imagine that he is striving to grade by PCGS standards as well and is failing in this quite miserably :angel:

He has not just copied PCGS' name. He has copied PCGS' grading standard from the PCGS website word-for-word! So according to his own website, he is suppose to grade by PCGS' standard.

Eric

He says he grades to "aussie" standards but who knows what that is because I thought that the standard was ANDA and his grading scale is copied from PCGS :blink:

If this "grader" sometimes overgrades and other times undergrades, then either 1) he is grading to a standard that no one here understands, or 2) he is not grading to a standard at all.

Either way, I reckon you'd both agree that you couldn't assume that his grades will cross the same to PCGS.

Eric

I think it's the second one Eric :dodgy: He grades according to how much he likes you so if you run a FB page and promote his rubbish you get better grades and maybe some other kickbacks like a reduced fee..who knows but there's just so much suss stuff happening it's not funny, also if he want to get a coin cheap off someone he'll grade it low so he can get it cheaper when he's shill bidding :dodgy:

Yes, we all remember "Xavier Paterson". He was caught red-handed!

[trout]

Personally if any graded coin isn't in an NGC or PCGS slab I have absolutely NO interest in it.
I can't be bothered with buying a coin in a APCGS slab just to crack it out and have it regraded when I could buy the same coin "Raw" for most probably less money.
Another reason why I won't touch a APCGS coin is that I refuse to support this "Grader" in any way, shape or form :ok:

[ausjack]

He has not just copied PCGS' name. He has copied PCGS' grading standard from the PCGS website word-for-word! So according to his own website, he is suppose to grade by PCGS' standard.

Eric


Yes, we all remember "Xavier Paterson". He was caught red-handed!

Yes that's exactly what he did but him and his stooges say "no it's aussie" give me a break :dodgy:

Yes I bet there's a lot that wish people would forget besides him and that's what annoys me when the admin make out like it didn't happen and delete posts that tell the truth and boot people for bring it up but he's still there when he shouldn't be. If I did the same thing I would have been booted quick smart..and they wonder why people get disheartened with the industry, these people aren't doing the hobby any favours that's for sure :dodgy:

[Cockatoo Coins]

I have cracked many many hundreds of APCGS slabs and submitted to PCGS on behalf of customers. Two things I can tell you from doing this, often those coins with crazy low grades such as an obvious AU coin being graded F or something it is almost always the result of a problem with the coin that has been nett graded so avoid these. Grade ranges in the EF45-55 provide the most chance for upgrades if you are buying for that purpose however a fair percentage of the coins (roughly 30% of predecimals) in this range also would receive a details grade from PCGS so have to be careful.
Buying MS coins in the hopes of an upgrade is less successful with a 50/50 as to whether it will go up or down.

[markn]

OK.  If there's variability in the grading of the APCGS coins then that's fine (because Cockatoo Coins and others have proven it).  If he's lifted the PCGS grading standard word for word from the PCGS website that's fine (because he has and there's no disputing it).  But there's no need to insult the guy or slander him.  I don't want to get sued because someone else can't keep the conversation civil.  Please watch what you post.

[markn]

If this "grader" sometimes overgrades and other times undergrades, then either 1) he is grading to a standard that no one here understands, or 2) he is not grading to a standard at all.

Either way, I reckon you'd both agree that you couldn't assume that his grades will cross the same to PCGS.

Eric

NGC and PCGS undergrade and overgrade (and grade correctly) according to their own standards.  As a good company should to they seem concentrate on reducing the standard deviation of their grading about the correct grade.  They'll never reduce it to zero but both of them have reduced it enough that the market has confidence in them.

It's difficult to say if APCGS is concentrating on reducing their grading variability because of the frequency at which their grading standards change.  I noted with some amusement a poster on a FB forum last week with an APCGS MS70 coin considering sending it in for a re-grade because APCGS offered to do it for free.  Re-grade an MS70?! :dodgy: