Herre is yet another from the Jules Reiver collection which has received an unusually high grade from NGC. http://cgi.ebay.com/1808-BUST-HALF-AU50-NGC-O-103-Jules-Reiver-Collection_W0QQitemZ8437464101 This is just one of the reasons I don't endorse any sort of professional grading and slabbing Bone
Wow ... Just amazing. If our friends at SGS see stuff like this from the so-called top TPG'S they could certainly make a point about the whole grading issue.
I'm baffled! Not only is it an R1 but it well known in high grade, too. There are at least 2 63's, 2 65's and a 67 graded by NGC/PCGS, so it can't be a market grading thing, this coin is just mis graded! Wow!
No that's not it. It's something I have never agreed with. And NGC is not the only one who practices it. Coins from big name collections are somehow magically assigned grades based on much more lenient grading standards. I have long said that all of the TPG's overgrade bust coinage, and to some degree seated coinage as well. But when it comes to the big name collections they go even beyond that. There is no rhyme or reason to it.
That is more than just lenient grading standards, and it isn't a striking issue either. Even with "lenient" standards there is no way this coin should get a 30 point jump. It is just a total mess up.
Looks cleaned as Hell too. Look at the lines in the shield on the eagle's breast, they couldn't get in there to get the "dirt" out.
first thing i thought was WTF! How did that get AU-50. But I guess that "celebrity" anything gets the best, so I wouldn't expect some of the coin grading service to stop at that, I would hope that they would, but they don't
It's not NGC, it's another hyped-up piece of junk within the Jules Reiver collection. I think NGC has no choice but to assign higher-than-normal grades to these collections which are billed as 'highest quality large collections seen in years' before many coins are even submitted for professional grading. Kinda leaves NGC between a rock and a hard spot. To me, a Jules Reiver label is a sign to watch out for. Moral of the story: BUY THE COIN, NOT THE HOLDER.
It is not a coincidence that these same name collections are sold at auction at Heritage and are all slabbed by NGC. You are 100% right GDJMSP, NGC simply gives away higher grades. It borders on fraud if you ask me...Mike p.s. everybody repeat after me: Buy the coin, not the holder.
If you ever spent a sizable amount on a raw coin only to find out later that it was fake or altered - or spent a sizable amount on a genuine raw coin only to find out that the dealer that sold it to you charged you triple what it was actually worth in that condition - you'd be even more hesitant to buy a raw coin.
