More evidence of inept TPG - NGC

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rjd65
Posts: 105
Joined: Sat Sep 20, 2014 1:09 am

More evidence of inept TPG - NGC

Post by rjd65 » Sat May 07, 2022 1:03 pm

I actually truly wonder who is authenticating/grading these coins.

https://www.ebay.com/itm/363830682388?h ... Sw7ltidopd

Are they immigrant hires that get a one week crash course in grading and get paid poorly to maximize profit? Not only is is not an AU53 but look at coin carefully. Hint: Look at GRATIA and obviously the reverse leaves.

Pathetic

Bill in Burl
Posts: 1457
Joined: Thu Sep 04, 2008 7:41 am
Location: Golden Horseshoe, ONT

Re: More evidence of inept TPG - NGC

Post by Bill in Burl » Sat May 07, 2022 4:22 pm

I've actually never seen a coin grade AU-53 and I've seen thousands. NGC is not noted for their grading prowess. I'd inspect the slab carefully and see if the coin itself has been changed. I think that the coin isn't much above XF-40. It's also marked wrong. It is a small leaves, small date Obv 3. ALL small leaves are small dates, just like this one. He'll be lucky to get $50-60 US for it
Bill in Burl

rjd65
Posts: 105
Joined: Sat Sep 20, 2014 1:09 am

Re: More evidence of inept TPG - NGC

Post by rjd65 » Sat May 07, 2022 6:08 pm

I have an NGC AU53 1898 50 Cents that I purchased 16 years ago. Its only an EF45, which I suspected it was anyway before I bought it. I removed it from its slab the same day I got it in hand. Its a stupid grade designation anyway. For this particular 1891 the T in GRATIA is re-punched with the 1871 PEI ' T ' - with long serifs.

Bill in Burl
Posts: 1457
Joined: Thu Sep 04, 2008 7:41 am
Location: Golden Horseshoe, ONT

Re: More evidence of inept TPG - NGC

Post by Bill in Burl » Sat May 07, 2022 6:14 pm

Well, then, he may very well GET the $200+ US for it if someone sees the scarce variety. It's in the 2011 Charlton on p 330. I sent the seller an email telling him his post was wrong, not including the very generous grade from a 2nd tier TPG (for Canadian Cents, since other foreign is sometimes good). I let him know that it was an Obv 3 SD/SL.
Bill in Burl

rjd65
Posts: 105
Joined: Sat Sep 20, 2014 1:09 am

Re: More evidence of inept TPG - NGC

Post by rjd65 » Sat May 07, 2022 6:44 pm

I was going to as well but decided to wait until other members had a chance to view the listing and perhaps comment.

Jim J
Posts: 128
Joined: Sun Aug 16, 2020 12:16 pm

Re: More evidence of inept TPG - NGC

Post by Jim J » Sun May 08, 2022 12:34 pm

NGC is not my preferred grading Company for Canadian coins there are lots out graded wrong and many cleaned coins with no mention. Not sure how they grade US coins or other Countries but for Canadian coins no thanks

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