Old Coin Grading Results...$10K PCGS Disaster?
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- Опубликовано: 8 июн 2024
- I sent 11 old gold coins into PCGS for grading and I got them back. Did I make money, lose money or break even?
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Intro (0:00)
Raw Gold Coins (1:11)
How to Buy My Gold (3:13)
Raw Gold Coins (4:24)
Grade Reveal! (6:37)
Profit or Loss? (16:04)
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I wish you would give a disclaimer on using Whatnot. A lot of your viewers are novices to the numismatic hobby and should be warned that Whatnot does NOT offer the same security and customer support eBay and other larger platforms do. Their customer support ratings are abysmal and they often offer as little as 1% compensation on lost or never delivered items.
Nothing embarrassing about not knowing everything. What would have been embarrassing was if you defiantly disagreed with ever slab and were whining about the cleaned/scratched grades. You set a good example for the community by being humble about not being perfect. Cheers
Stevie Wonder and Helen Keller would be able to tell that 1906 was harshly cleaned😁
😂😂😂
The 3 easiest ways to tell if a coin is cleaned are: First look for overall luster impairment. Second look for hairline marks anywhere on the coin either localised or overall. Third if a coins wear patterns require age to create but the coin exhibits a "bright" appearance (gold is different) the coin is likely cleaned. There are further methods to determine surface conditions but these are the best to learn for on the spot grading. As far as scratches go any marks that are not created by reasonable mint process or storage (bags,bins) or average accepted circulation wear is considered damaged. Therefore a scratched coin receives a holder but no straight grade. Its all about a forensic analysis of the coin its not personal. These Details grades can sometimes not effect the value of a rare coin. Other times with many coins the value can be reduced by 25-30% less than a numerically graded coin. Cheers and happy hunting!
1907 $2.50 Liberty Cleaned with $445 all-in costs. On eBay 10/18/23, PCGS cleaned for $400 sold. Another bust it looks like to me.
Great job on your videos! Lots of hard work paying off!
A scratch is damage, damage is not gradable. Yes “bag marks” are technically damage as well but they occur naturally to a coin through normal handling. Scratches occur from improper handling of a coin. That’s why one is gradable and one is not.
My grade estimates. I've been told I undergrade coins.
1907-P $10 AU 58
1899-P $5. AU 50
1906-P $2.50 Harshly cleaned, Ungradable, Unc details
1907-P $2.50 MS 60, Scratch
1915-P $2.50 MS 60, Scratch
1915-P $2.50 AU 58
1926-P $2.50 MS 60
1927-P $2.50 MS 62
1910-P $2.50 MS 64
1914-D $2.50 MS 60
1927-P $2.50 MS 62
I did pretty good, overall. Some of the cleaned coins I missed but the color is a little off. The one I undergraded was the 1927 that came back MS 64. I graded it a MS 62.
Good work Albert! I come to the comments to try and find people who followed along with their guesses.
It's really hard to determine I found a 1971 fs 101 ddo last year out of coin roll hunting I took a chance getting it graded it came back from NGC ms64 red I was very happy with that. Congrats
when you had us gues in order think the second hues I got right. pretty cool
I think a scratch affects the grade because the old idea was that the grade should, in theory, be so consistent that a buyer could buy a coin of whatever grade sight unseen and have a good idea of what he was getting. A grade of x with a scratch would only disappoint a buyer who expected an x graded coin in good shape for grade x. And, PCGS can't just give the coin a lower grade and release it because someone wanting that grade also probably doesn't want a scratch version of that grade.
Exactly
Great haul! Cheers! P.S. Just curious--how long did it take PCGS to get those coins back to you? My group took 3 months/one week.
That is a long time of process grading.I seen others GRADING Videos said IT COULD TAKE 5-5.5 MONTHS PLUS . THAT LONG WITH A LARGE GRADING CORPORATION BUSINESS.😮😮AMEN MR.JAMES 4-22-2024AD MONDAY
Wow great video on ur coins u still got good grades that came back..
Great learning experience. I am gun shy about submitting coins so what you taught me was sometimes its worth the risk. Especially for the purpose to prove authenticity. Great video.
For pre-1933 gold it's almost always worth it just to prove authenticity. Just be careful about sending in modern coins, you'll likely lose money on those
THIS IS
MY 1st time seeing this training video of submitting coins to be graded.I never none this before and now I AM THINKING TWICE BEFORE I SENDING ON MY COINS AND OR CURRENCY AMEN. MR .JAMES 4+22+2024AD
Awesome ....and hey sometimes the older pcgs coins I have I re submitted one that was graded in the late 90s it was an 1880-S Morgan has a MS-62 on it had it regraded it came back a MS-64
Great video! My Dad brought me into the coin-collecting world. Nothing wrong with collecting $$, while owning a piece of history ❤
hes gonna sell those why do u thimk he got those graded
@@michaelvenniro9682he legitimately said he’s gonna keep some of them… grading isn’t only for selling.
Main thing with scratched coins is that it is not desirable. It's not like a bag mark. Say, if a MS62 coin has a scratch, you can't just lower the grade and call it AU58 if it's still UNC. YET chances are a MS61 coin will still be more desirable than a 62 with a scratch. For PCGS to call it details scratch, it would have to be a significant scratch that significantly detracts from the overall appeal of the coin to the point that it is no longer problem- free and hence can only be given a "unc details" grade. Mind you, a high grade scratched coin will still be worth more than a lower grade one. You really need experience to identify problem coins.
I hear that, it's just a shame when the rest of the coin looks so good!
1906 $2.50 Liberty Cleaned with $445 all-in costs. On eBay $340 to $396 would have bought this coin in auction with similar grade and possibly without being cleaned. I would certify this one as another bust.
what’s the fancy new macro lens you used?
Cool vid. Story and process and result.
Thanks Patrick!
1899 $5 Liberty AU58 your coin valued as $750 with costs of $645. eBay auction on 12/5/23, PCGS MS62 old green tag sold for $574.99. Another bust on this recent grade I would say.
1915 $2.50 Indian PCGS cleaned with your all-in costs of $445. On eBay (where America and I, myself, shop) 11/21/23, NGS MS60 sold for $369.99. Another bust I would say.
since i cant aford the gold incuse indian i baught the silver version of them should i get them graded 0:)
Hey bud. I have a 19xx (xx=the last 2 digits of date seems to not be printed) a wheat penny. Seem to be mid-struck, struck through cloth, or lamination error)
Could I send you images, images with digital microscope also. And you tell me something about it?
nice coins! Turn the box around so we all don't get that sneak peak. :) Thanks for introducing me to whatnot!
Oh MY yea that was cleaned with Brillo pad.
1914-D AU58 Indian $2.50 gold. Your all-in costs are $445. On eBay, 10/22/23, PCGS AU58 sold for $482.75 with 25 bids. You are $37.75 to the good on this buy.
I have felt the gold indians are pretty tough to grade. If I saw more maybe it would get easier.
Pre 33 takes time to learn the condition. Got a 64 that’s a great pick.
Fascinating. How long is an evaluation good for? By the way, everyone loves your Silverpicker coffee mugs...just saying.
I got 3 raw coins i would like to send for grading 2 gold coins and 1 PlT coin.. wounder how much they will charge me if they all come out 69 or 70 just saying..
You go right too the point ,
Any Hair line marks. is cleaned. Use 20 * loop. Scratch is something that happened after minted. And bag marks you can tell. That is huge scratch so i say its good
Max, you need to turn the PCGS box other side. We are able to see the grade on next coin when its still in the box🙂. Either way, great video. You know what they are and didn't blame PCGS for the grades. I have seen people who keep blaming grading companies for the grades they received. There is a reason the grading companies exist. Amazing job👏👏
I just wish I could afford 1 of those coins, still look good even though they are cleaned..
PGCS grab box great job 👍
1927 $2.50 Indian cleaned. Your all-in costs are $445. On eBay, 10/1/23, ungraded sold for $360 1 bid. On 11/26/23, auction in NGC MS62 with 12 bids sold for $451.50. Another bust there on this line item coin.
Per eBay sold listings just visited..1907-P Liberty in AU58 graded fetches way less than $1400. In fact MS61 NGC $1000 in sold auction 10/13/23. I would say your coin was a bust.
Yes
At least now you have a few great examples of problem free coins. It would have only been embarrassing if you went by the name Goldpicker. :) Cheers!
Hahah yes exactly
Where did you buy that really nice shirt?
I want one.
silverpicker.creator-spring.com/
You can see the grades in the box, they weren’t off-camera enough
Also at 13:30 you swapped the GV and the profit
I noticed that during the premier last night! Whooooops 😂
Forest Gump said it best. 💩Happens🤷🏻♂️.
getting AU Detail isn't bad - it cannnnn still be a price bump on $5 Gold Indians anyhow...?!
You didn't make money because you graded them, you made money because you bought them for less than they were worth. Perhaps you should check with a coin dealer and have him pre screen so you don't spend money buying or sending in cleaned/damaged/or low grade coins. Your A.U, 10 dollar gold is obviously A.U. and could be sold as raw. After all you bought it raw:) Glad you had fun and I enjoyed your video, just feel bad watching you throw lots of money out for little results. A good 20 power glass would have shown you the scratches and cleaning marks.
Sucks that some didn't make a grade but ya can't win' em all I guess. Some tidy profits in there anyway. Great video! 👍 Also, shouldn't be embarrassed at all, just think how many people will never touch gold in their life.
Thanks so much! I'm overall happy with it, just hope to have a better success rate next time!
@@Silverpicker For sure! Looking forward to the next one 👍
Man I would have been so nervous sending that much wealth by courrier! Imagine if they loose the package!!!! I don't think I could do it.
Every time I send in a batch I'm nervous even though there is insurance
Awesome!
Thanks for making it possible lol!
1910 $2.50 Indian cleaned. Your all-in costs are $445. On eBay 11/20/23, a PCGS AU55 sold for $375. I would say that this was another bust for you.
MS...... AU... alright. lol. nice work.
all the good graders left or Retired
Not sure why a scratch impacts the capacity to grade a coin but bag marks do not
If $1930 profit is not home run, then I don't know what is. Almost $2K profit is a super grand slam to me.
I don't get the grading system. If coins can get "+" for eye appeal and toning, why can the same be true for a scratch or blemish a "---" grade should given. An AU 58 minus can given to indicate damage to a AU 58 coin with a scratch comment given.
Silver run March 17th 2023!! Buy buy buy
Elaborate please sir?
1 is cleaned 2 is a 63 3 is a 62 4 is a 61 5 is a 61 6 is cleaned 7 is cleaned or au
Do they grade gold coins more critically than silver ones? I like your videos and learn a few things along the way.
I have no idea, but I think they are at least supposed to grade them the same
1906 ms67
You should get the cac sticker
U a scammer bruh
See this so much. People missing cleaned coins. Or AU ... Need someone who really studied coins.
Well Well KING SILVER PICKER KNOW IS GOLD DIGGER...MY FRIEND U ARE A GREAT PERSON AND GREAT VIDEOS U HAVE DONE GREAT THINGS FOR EVERYONE ALL-AROUND COOL GUY KEEP THE VIDEOS ROLLING( KING SILVER GOLD PICKER )
Thank you so much Sean!!
In my "no one cares" opinion....the "cleaned" designation is very obvious AND very subjective at times!! For example...I submitted 3 Proof/Mint Coins several months ago that came DIRECTLY out of old Mint/Proof Sets that came back as "cleaned"!! I really think that graders ASSUME that if a 100+ year old coin is shiny, it must be cleaned?? Very, Very frustrating!!
No grade is dumb.
By Buddy 66 10$ gold
The 2nd one 63
The reason why a scratched coin makes it ungradeable is that grading was intended for dealer to dealer sight unseen sales. Anything that would detract from value like a scratch will never come back with a straight grade. Lesson learned, but several of these were blatantly obvious and you should have saved your money on grading. There is a great series of vidoes from PCGS on grading, here is one on why coins come back with no grades. ruclips.net/video/cJKl4bOP9II/видео.html
This was a very, very helpful comment. Watched the whole video-it was excellent.
NGC IS NO BETTER
You are saying coins cleaned and scratches ,and saying look ,look ,like a person can see what you are seeing
I was realy OFF.
So was I 😂
Hi silver picker I open a roll of nickel and all nickel has die clash and few double die .and all of them are very brand new its on real..due I have something..I really need help on this...can you please get back to me...thank you
Respected sir I have 50 years old U.S డాలర్ I want to sell sir
Sir i have a 1906 coins
65
1914 54
I suggest to send coins for grading to NGC and PCGS only.
Silverpicker I recede a spam bot that are trying to preten to be you
ms64
Too much jabber. But overall a nice video lol. 🐎🌻✌️ 👈 if you want to know ask.
No one's perfect 😜
lol
1st comment umm cool live stream
It seems like 12 year olds are grading
How are you determining your values because they are WAAAAY off. The 1914D 2.50 Indian for example you show as worth $725 in AU58, Greysheet has it at $533 retail. You're not even close.
These are literally from the PCGS price guide and I mention that in the video, also mentioning that they are inflated…
Seems silly to grade a coin based on all types of defects- except for a scratch. Just lower the grade! As a comic book grader for CBCS Comics, all comics are graded, even restored ones. Should be the same in the coin industry.
What???
That was my line of thinking too
Lots of shilling om whatnot that would happen on top sellers streams. Are causing people to get band if you bring it to the attention of whatnot. Blatantly shilling right on Camara. Just watch you see who does it. Its gonna ruin reputation of good people so please sir dont let them get you involved.
What does that mean? What exactly are they doing?
scam bots going hard on this one
It's so annoying. Please report when you see them :)
Hey Silverpicker. I love these videos, but I want to let you know about someone impersonating you. He is in many of your comment sections, such as the Whatnot Drops video. He is replying to everyone telling them they won a package, but I know it's not you. I just thought I'd warn you since he is scamming your viewers.
Edit: He is actually in this comment section. I just looked
I got one of these too!
Thank you for letting me know. Unfortunately it's a well known problem on YT. Can you please flag the comments whenever you see them?
This whole channel is nothing but ad's and selling his stuff , Not fun anymore
u need to learn to notice a cleaned coin. not very hard. so many of these were obviously cleaned. if it were one or two fine but now 2 of your videos nearly half u sent in were cleaned lol.
am an artist and have alot better trained eyes than any of what so callled grader i can engrave a coin so we work to regulate sue them and demonstrate i canget more than 50 peupuls just familly and friends who is intersted
My Experience with One of the Largest Grading Companies:
I got this one slabbed to protect it from the environment and the critics that inevitably say that it was tampered with This Shinny Sacagawea graded at MS66 Brilliant Uncirculated before I put it on youtube in 2014 and got accused of tampering with it by some coin dealers and some of the big professional coin bulletin boards. I documented their comments about tampering. They were unaware that some of the most prestigious error dealers and grading certification companies had already deemed my Sacagawea coin as real and not counterfeit or tampered with. So the grading companies protected My Discovery just fine, Well worth the whole process and when the Anti Counterfeiting Company showed up following me on my social media I already had the truth established years before the Slammers turned me to them for counterfeiting or tampering with United States Currency:)
Wow, that's wild!
Silver picker lets gooooooooo
ms64