Pcgs, ngc coin grading scam alert on q gas station okc

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Longtime CMIGS clients know the contempt with which we hold telemarketers’ promotions of overpriced numismatic and collectible coins. Our disdain stems from the unbelievable horror stories we have been told by persons who have been grade 9 electricity conned. It is absolute that the more helpless the victims, the more money the con artists will try to extract. No one who can write a check is safe. We have talked to victims in their nineties.

We went public k gas station jobs with our condemnation this practice back in 1996 with a Monetary Digest article titled Myths, Misunderstandings, and Outright Lies. When we launched our first website, Myths, Misunderstandings, and Outright Lies became a permanent fixture. Today, the article b games zombie is legendary in the coin industry, lauded by many, but despised by telemarketers. Readers who have not perused the article are urged to do so.

As explained in Myths, Misunderstandings, and Outright Lies, in the mid-1980s two grading services sprang up to counter the practice of individual firms flagrantly overgrading coins. Today, those two grading services, PCGS and NGC, are part and parcel to coin collecting. Even coin dealers with thirty years electricity projects for high school students’ experience, who are probably much ideal gas kinetic energy more qualified to grade coins than are the grading service employees, meekly submit coins for one of the services’ stamp of approval.

True, a few slabbed modern coins have brought higher than market prices on eBay, but eBay is not the real world. Too many gas exchange in the lungs occurs due to eBay buyers fall into the unknowledgeable camp, and sometimes “auction fever” takes over, and coins sell at higher prices than warranted. However, when slabbed modern coins make it back to dealers’ inventories, they command no higher prices than unslabbed coins. This is certainly true with Gold Eagles and Silver Eagles, which are the most frequently slabbed modern gas efficient cars under 15000 bullion coins.

Considering that the bulk of Gold Eagles and Silver Eagles submitted have never been touched by human hands, one has to ask why all coins do not come back 7 cases movie graded MS-70, the highest grade awarded. Promoters of slabbed modern coins would tell you that it is “the quality of the strike.” They further assert that coins struck early in a die’s life receive better “strikes.” This is telemarketer mumbo jumbo used in attempts to impart greater z gas tijuana telefono value to modern coins.

More than ten million 1-oz Gold Eagles have been minted. For Silver Eagles, the total balloons to more than 128 million. Because most of these coins would grade MS-69 or MS-70 if submitted to PCGS or NGC, real coin collectors and numismatists have absolutely no interest in slabbed GEs and SEs. Promoters use the acceptance of grading services to imply added value that simply does not o gastro exist. PCGS and NGC go along with the scam because they earn fees grading the coins.

The principals at PCGS and NGC know what is going on with the grading and promotion of modern types of electricity pdf bullion coins. The industry would have still more respect for PCGS and NGC if they had continued to refuse to grade modern coins. Money has a way of clouding one’s vision. Why turn down grading fees just because the coins are being used to hoodwink the unwary? Visitors to this site have k gas constant been forewarned. Some final observations on the grading services

Grading services came to life because of the rampant practice of overgrading, which led to major rip-offs of unsuspecting gold coin buyers. The slabbing of coins has pretty much ended the practice of overgrading. Unfortunately, the slabbing of coins does nothing to stamp out the overpricing of coins, which remains a major problem for investors.

Now gas leak, though, the grading services are part and parcel to the promotion of modern gold bullion coins, which has electricity office near me become a problem not so much for coin collectors but new investors who, wanting only to invest in gold coins, sadly fall victims to telemarketer stories. PCGS and NGC helped stamp out one unscrupulous practice but are implicit in another.