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Another NGC Grading Masterpiece

Posted: Thu May 17, 2018 8:17 am
by rjd65
This coin recently sold on eBay. Utterly impossible to understand how NGC came to their grade assessment. Grade for yourself first and then be prepared to be shocked at NGC grade. Fortunately, none of the bidders were stupid and coin sold for just slightly more than trend value for 'true' grade. Hopefully winner will liberate this coin from this fraudulent holder.

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1914_CAN_50Cents.jpg (156.69 KiB) Viewed 6043 times


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1914_CAN_50Cents_rev.jpg (143.06 KiB) Viewed 6043 times

Re: Another NGC Grading Masterpiece

Posted: Thu May 17, 2018 8:58 am
by troubadour
VF-20

NGC : AU-58
looks like they don't receive enough canadian coins to be able to get a real canadian coin specialist... it is probably a world coins guy who grade coins from canada

Re: Another NGC Grading Masterpiece

Posted: Thu May 17, 2018 1:36 pm
by Bill in Burl
Judging just from the crown and the leaves, I'd say XF-40 at a minimum, but not even close to AU. I really can't grade coins from a computer screen ... you can't tell actual wear from where just the patina has been rubbed off.

Re: Another NGC Grading Masterpiece

Posted: Fri May 18, 2018 11:06 am
by bushman74
Based on the wear on the centre diamond (the key point), around the eye, mustache and chin, I would give it a VF30.

It has less wear than a VF20 might would have but a little more then a EF 40 I think.

It is nowhere near AU let alone AU 58.

Just my thought.

Re: Another NGC Grading Masterpiece

Posted: Fri May 25, 2018 5:01 pm
by rjd65
I think VF30 is a very reasonable assessment. It really is not that difficult to at least assess almost any coin within half a grade of the 'true' grade. Why does NGC have such a hard time?

Another NGC Grading Masterpiece

Posted: Wed Jan 30, 2019 7:16 am
by TimothyRaway
When buying a coin, I personally prefer PCGS grading for cents, because they have, in my opinion, more stringent standards for making the grade.
As a seller, that might work against you, but I think that more people want PCGS grading than NGC for pennies. Even if you get a lower grade with PCGS than NGC, you probably will have more people interested in buying a PCGS-graded coin.