CoinWeek IQ: CoinWeek Walks Through a Coin Submission at the ANA World's Fair of Money - 4K Video

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  • เผยแพร่เมื่อ 16 ธ.ค. 2024

ความคิดเห็น • 103

  • @johnholms8199
    @johnholms8199 4 ปีที่แล้ว +15

    “He uses his finger to detect reflection, then he’ll proceed to drop the coin on the floor and roll his chair across the coin to give it that well circulated look”

  • @alexeyalive9087
    @alexeyalive9087 8 ปีที่แล้ว +27

    one time i submited a proof sealed coin... they returned it with pf64 with fingerprints. USE GLOVES!!!!

    • @codyhurd8393
      @codyhurd8393 6 ปีที่แล้ว +1

      Wow

    • @slicksilver9441
      @slicksilver9441 6 ปีที่แล้ว +1

      TundraWolf Prod I agree. Use latex gloves

    • @iowasenator
      @iowasenator 4 ปีที่แล้ว +3

      I would have screamed bloody murder. That's bullshit. Did you nail them?

  • @LarryStendebach
    @LarryStendebach 8 ปีที่แล้ว +9

    Amazing video! Thanks for giving us a behind-the-scene view. Always wondered how they set up their on-site grading rooms.

    • @coinweek
      @coinweek  8 ปีที่แล้ว +1

      More to come. We hit the jackpot at the ANA for high quality videos....

  • @ricktempleton3415
    @ricktempleton3415 5 ปีที่แล้ว +6

    I always thought they wore gloves.

  • @johnholms8199
    @johnholms8199 4 ปีที่แล้ว +7

    I’m actually surprised those nimrods in the grading room weren’t eating french fries and hamburgers while handling the coins while they were at it.

  • @rogermartin6732
    @rogermartin6732 5 ปีที่แล้ว +6

    It also matters who you are. I sent 5 better date morgan's into NGC and got ms63's and one ms64. I sold them to a big dealer in Ohio that broke them out and resummited them. 3 came back as ms 66 one as a ms65 and the ms64 stayed the same. It is who you know.

    • @55ense5imulation4
      @55ense5imulation4 5 ปีที่แล้ว +2

      100% correct

    • @meatsackofdoom
      @meatsackofdoom 2 ปีที่แล้ว

      This is not correct. A 2-point grade difference between grading companies is exceedingly rare, let alone a 3-point difference. This is an ultra rare occurence if it did in fact happen. Coin graders do not know who the coins belong to either.

  • @TheSilverguy23
    @TheSilverguy23 8 ปีที่แล้ว +3

    Very cool. It is supposing they don't have gloves on?

  • @b-man1232
    @b-man1232 7 ปีที่แล้ว +15

    Yes!! I don't "get" why they don't use gloves?? Anyway, great video!

    • @johnholms8199
      @johnholms8199 4 ปีที่แล้ว +2

      I know, I said the same thing right off the bat.
      NOT COOL!

    • @slicksilver9441
      @slicksilver9441 4 ปีที่แล้ว

      @16:98 I'd have to get Mr. Doug Winter to have a look

  • @studentoftheword6115
    @studentoftheword6115 6 ปีที่แล้ว +1

    Wow. I love this video. I have not seen a video like this that shows the actual grading taking place! They guy narrating sounds very similar to Mr. Rogers the kid show. Very nice to listen to.

  • @robertw9677
    @robertw9677 7 ปีที่แล้ว +2

    Just great can I ask what they charge at a show to grade a coin?

    • @coinweek
      @coinweek  7 ปีที่แล้ว

      www.ngccoin.com/submit/services-fees/

  • @slicksilver9441
    @slicksilver9441 6 ปีที่แล้ว +1

    Honestly, I wonder how many coins have been dropped by the grading co over the years?

  • @jeffw1267
    @jeffw1267 5 ปีที่แล้ว +5

    I must be overqualified for this job. When handling raw coins, I always wear a dust mask and gloves.

  • @everettwhite9874
    @everettwhite9874 5 ปีที่แล้ว

    4:05 that guy checking that luster and seems to know how to rotate those coins to best see whether or not a coin displays the proper cartwheel reflection. 🙂❤️

  • @mdmilburn5715
    @mdmilburn5715 6 ปีที่แล้ว +4

    yeah where the gloves?

  • @SilverGator
    @SilverGator 7 ปีที่แล้ว +3

    great video. love seeing the whole process.

  • @ngwansiewsiew2096
    @ngwansiewsiew2096 7 ปีที่แล้ว +1

    in the ngc form i just summited lamination error on 2000 D washington quarter but i suspect its a experiment planchet so in case if it is the experiment planchet will ngc described in the graded? anyone with knowledge please let me know. TQVM.

    • @iowasenator
      @iowasenator 4 ปีที่แล้ว

      How did they grade your quarter? I hope it worked out!

  • @phankins11
    @phankins11 8 ปีที่แล้ว +2

    This video was absolutely awesome, thanks for doing this.

  • @keithgordon9399
    @keithgordon9399 3 ปีที่แล้ว +2

    They should use cotton gloves. I do whenever I hold a bare coin. I was told to do that by a local coin dealer 50 years ago! OILY FINGERS, OILY FINGERS, OILY FINGERS!!!

  • @newcoincatfish6111
    @newcoincatfish6111 6 ปีที่แล้ว +1

    when going to a auction,with on site grading,what is a roughly cost?

  • @TheFishingNomad
    @TheFishingNomad 4 ปีที่แล้ว +7

    The biggest shocker of this video was the lack of gloves.

  • @bsd9230
    @bsd9230 8 ปีที่แล้ว

    Very well done.. next step is to have CAC give their opinion on the NGC grades!!!!
    Lots of Fun! WIsh I was in CA

  • @toddrobinson8542
    @toddrobinson8542 2 ปีที่แล้ว

    So N.G.C . Can you answer why resubmitted coins came back to you and they got a higher grade just because it was a coin dealer sending them in ?

  • @abinam2255
    @abinam2255 4 ปีที่แล้ว +1

    Using bare fingers to handle potentially MS coins and touching his nose in the middle of it all. At the summing-up, one coin gets knocked down for showing a finger-print. I wonder why!?

  • @WesleyJolly
    @WesleyJolly 3 ปีที่แล้ว +1

    Hopefully the people at PCGS wear gloves, because that is where I will be sending my coins if I need them graded.

  • @tipupsilver3085
    @tipupsilver3085 7 ปีที่แล้ว +7

    Why don't the grader's wear gloves when handling the coins? I am sure the graders would not handle their personal coins that way.

    • @carlsoncoins923
      @carlsoncoins923 7 ปีที่แล้ว +1

      they need to be able to have full control over the coin to make sure it can reach its full potential

    • @slicksilver9441
      @slicksilver9441 6 ปีที่แล้ว

      Tip Up Silver I like this A-Mark chunky bars too bro....

    • @slicksilver9441
      @slicksilver9441 6 ปีที่แล้ว +4

      Carlson Coins why cant they wear latex gloves? I see what you mean but they are all over these coins, not just the edges. Latex would be ideal

  • @singlesideman
    @singlesideman 2 ปีที่แล้ว

    If you want to understand how gold surfaces wear vs silver, gold coins wear like a ripe banana, silver coins wear like a ripe apple.

  • @adamjkel7
    @adamjkel7 5 ปีที่แล้ว +1

    I would crack that 84-S $1 out and send it to PCGS. Mark Salzberg even said the reverse looks 63, but they only grade based on what the obverse looks like?? It could've been at the bottom of a bank bag, obverse facing up, getting pounded by all the coins on top of it, but that doesn’t mean it was circulated and deserves a 58+ designation. There are many Morgan dollars out there (even S-Mints) that have low high points and marked fields and are still in legitimate BU condition. Get that bad boy graded again! Keep sending it, eventually they’ll 61 it!! The 84-S $1 has a great jump from 58+ to 60, so I wouldn’t be surprised if NGC and PCGS are intentionally trying to keep the BU population down. What would Mark have graded this coin if it were his?? I already know the answer to that.

    • @louieatienza8762
      @louieatienza8762 4 ปีที่แล้ว

      Yeah, like the difference between about $500 and $20000. Though if I had to be honest, and I was in the market for one in mint state and had 200 large to burn, I'd walk away pretty fast from that one because 58+ almost looks like a gift - high points have more dull grey than my beard. Nothing some e-zest couldn't fix LOLOL!

  • @hecklarandkoch
    @hecklarandkoch 6 ปีที่แล้ว +1

    Nice, how do I get a gig like that?

    • @slimmyhendrix4067
      @slimmyhendrix4067 4 ปีที่แล้ว

      Well for starters, don't wear gloves to your interview.

  • @slicksilver9441
    @slicksilver9441 6 ปีที่แล้ว +1

    If some of those coins were silver, then the rubberband will have a chemical reaction to the silver and leave very bad marks on the silver.....yes, I know they were in sleeves and or flips

  • @WMBisme
    @WMBisme 6 ปีที่แล้ว +1

    those are some amazing coins.

  • @kode3
    @kode3 8 ปีที่แล้ว +1

    Cool video and thanks for the 4k 60fps, looks fantastic.

  • @AzarroFineArts
    @AzarroFineArts 8 ปีที่แล้ว +12

    ha, no gloves?

    • @Fivology
      @Fivology 8 ปีที่แล้ว +2

      Gloves are for newbs :)

    • @AzarroFineArts
      @AzarroFineArts 8 ปีที่แล้ว +4

      Fivology holding the edges of a brand new proof coin, in time, something will show up. Yes, these are not 9999 mirror proof coins/rounds but from a security/insurance aspect, touching a possible $10,000-$50,000 coin, I am surprised gloves not being used. PCGS uses gloves?

    • @Fivology
      @Fivology 8 ปีที่แล้ว +4

      Silverino
      They don't, look at both NGC and PCGS's grading process videos on youtube. I've read somewhere that gloves, especially cotton gloves used by many collectors, damage coins more than bare hands because they do create very small hairlines. In the case of proof coins, I think it would damage the coin even more than on MS coins.

    • @isunlloaoll
      @isunlloaoll 8 ปีที่แล้ว +4

      I'm OCD so this is torturing me thinking what if they touch the mirror field of a proof coin with their fingers. . .

    • @Fivology
      @Fivology 8 ปีที่แล้ว

      Joe Biliello
      That's correct. I don't even understand why people grade modern coins. There's no point. I only grade high quality and/or rare historical gold coins.

  • @jehanzebkhan7389
    @jehanzebkhan7389 ปีที่แล้ว

    How much cost 1 coin.

  • @heatheryanchick1100
    @heatheryanchick1100 5 ปีที่แล้ว +1

    When I got a job at a bowling alley as a janitor previous people didn't use gloves, I refused to work if they did not supply gloves. Then El. Rio healthcare LOST my blood!. There's HIPPA violations major there. People are not being careful or there's no real process like there should be. El Rio has no excuse, but we all grade out coins like they did.....

  • @timothymorrell4023
    @timothymorrell4023 4 ปีที่แล้ว

    how could he tell... the guys glasses and his loop had more spots on them then most coins i own...

  • @jamesmillican9632
    @jamesmillican9632 7 ปีที่แล้ว +2

    To all coin collectors, go to your local coin shop and buy a bunch of cheap coins that are old and give him the little kids to get them started.

    • @jeffw1267
      @jeffw1267 5 ปีที่แล้ว +1

      And teach them to respect coins! Even when I was a kid I was more careful than these graders.

    • @billydow1971
      @billydow1971 4 ปีที่แล้ว +1

      Old and cheap. Are we talkin about people or coins ? One makes perfect sense the other is not.

  • @thapainter11
    @thapainter11 3 ปีที่แล้ว +1

    Their graded coins are not as desirable as the 4 letter grading

  • @collectorguy4379
    @collectorguy4379 4 ปีที่แล้ว

    Just sat watching while the bloke is signing the paperwork off then realise all 4 people in view have 'mauve' colour tops on - like coincidence or what!

  • @mishellerauth1966
    @mishellerauth1966 6 ปีที่แล้ว

    Great video 😎

  • @leebrewer1190
    @leebrewer1190 6 ปีที่แล้ว +4

    So what is the purpose of the review of the given grades? The guy picks up each coin and looks for imperfections.names some, but never tells exactly why those imperfections led to the numeric grade and not a higher or lower one!
    Although the review does prove people will pay a lot of money for an expert to print a label without having to back up their assigned grade, or without really giving an idea as to why the label has the number the expert thought should be there.
    The COIN is not being graded - the number it is given represents only where graders thought the coin would fit into the NGC system - which does not match the ANA or PCGS system. Yet somehow, these grading companies are all seen as THE experts and worthy of being paid for something the owner could do for himself. It is an artificial system making money off of the coin hobby by feeding the human desire to have an "expert" stamp of approval (whether or not THE experts agree with one another!).

    • @vacciniumaugustifolium1420
      @vacciniumaugustifolium1420 5 ปีที่แล้ว

      I fully agree whit you, but we are in the 21th century now and even numismatic is affected by internet transaction... i would be surprised of the % of coin and or total value of coin who is sold on the net when the buyer never seen the coin in hand...

  • @vitaliykavkaz5753
    @vitaliykavkaz5753 3 ปีที่แล้ว

    For that 1915s. If I would send I wouldn’t get anything more than AU55,

  • @GhG76562
    @GhG76562 6 ปีที่แล้ว +8

    This video convinced me to NOT submit my coins to them.

    • @TheAvenstar
      @TheAvenstar 5 ปีที่แล้ว

      Who's better? PCGS? ANACS? I doubt it. Seriously.

    • @toddrobinson8542
      @toddrobinson8542 2 ปีที่แล้ว

      I can't agree more

  • @louieatienza8762
    @louieatienza8762 2 ปีที่แล้ว +1

    Lots of ignorami here... all grading companies grade coins ungloved. Dealers and collectors have been examining coins ungloved since coin collecting was a thing. Coins are held at the rim, not the face. Cotton is abrasive, and the lint from cotton gloves are equally harmful to a coin. The chemicals in rubber or latex gloves are no better.

  • @alanlim7068
    @alanlim7068 2 ปีที่แล้ว

    why they did'nt wear gloves when they handling coins

  • @Rachelle-kq3xx
    @Rachelle-kq3xx 7 ปีที่แล้ว

    Nice video

  • @andrew9414
    @andrew9414 6 ปีที่แล้ว

    5:13 magnification with distortion!! People please use proper lenses!!!

    • @shibbidydoowop
      @shibbidydoowop 2 ปีที่แล้ว

      Yeah the mag is only good for a quick once over to identify problem areas; the triplet should be on deck for further inspection

  • @l-bird
    @l-bird 8 ปีที่แล้ว

    fascinating!

  • @drfix2020
    @drfix2020 5 ปีที่แล้ว +5

    No gloves! All that hand oil, transfers to coin & in time sure to degrade coins! No Thanks!

  • @billydow1971
    @billydow1971 4 ปีที่แล้ว

    I envisioned 5 or 6 80 plus year olds with 2 inch thick glasses.

  • @poured_treasures
    @poured_treasures 5 ปีที่แล้ว +2

    More grip without gloves

  • @TheAvenstar
    @TheAvenstar 5 ปีที่แล้ว

    Great video -- I had some questions answered for a change. I can only surmise that it must be unhealthy personally for a grader to have his hands air-deprived inside latex gloves for hours on end. How else can you explain handling rare coins without gloves? Surely, it's not carelessness.

    • @jeffw1267
      @jeffw1267 5 ปีที่แล้ว

      I carry mail and I wear tight gloves, either latex or nitrile, the whole day and I've been doing it for years. It's not unhealthy.

  • @sergioortega5869
    @sergioortega5869 4 ปีที่แล้ว

    I currently have a Lincoln penny from the year 1945 s but in it I see an Error seen with a microscope and it is seen that under the 5 there was a 3 even the Mint S looks blurry and the penny is seen that it was without circulation, the problem is seen to be careful. I already distrust PCGS, I am a member of hi and on two occasions I sent to certify with them and they misvalued my pieces. an hour I have coins. very beautiful of these years and I am already afraid to send them. These are the dates of my pieces some of them are pattern 1794 1796 1802 in Silver dollar. Half Dollar 1870 1877 I even have a 3 cent coin, it brings dirt, it is seen that it was found buried why it is very good

  • @jeromenewton2720
    @jeromenewton2720 4 ปีที่แล้ว

    Fantastic video! Extremely informative! Sorry about those AU Details.

  • @ramonabenerndaceballo9958
    @ramonabenerndaceballo9958 7 ปีที่แล้ว

    Tengo unas moneda que quiero certificar

  • @JustinThuet
    @JustinThuet 5 ปีที่แล้ว +2

    Not a glove in sight...

  • @thornburgrichard470
    @thornburgrichard470 7 ปีที่แล้ว

    what is the best and fastest way to get a coin authenticated

  • @DavidMartin-cg4dj
    @DavidMartin-cg4dj 4 ปีที่แล้ว

    NGC. Is WAY TOO PICKY...Back in those days, the mints didn't make MS-65 and up coins. They were not even trying too !!!...lower your ridiculous standards...

  • @slicksilver9441
    @slicksilver9441 6 ปีที่แล้ว +1

    They have been doing this a lot longer than me, so I'll just shut the hell up. I'm not a professional grader. They are.

    • @jeffw1267
      @jeffw1267 5 ปีที่แล้ว +1

      It doesn't mean they're doing it right. Nitrile gloves cost like 30 cents/pair, and dust masks can be bought at the supermarket at about 10/$5. Also, do they expect to never drop a coin? I've seen a couple of examples of coins graded, THEN damaged by the grader, and sealed in a slab with the non-damaged grade. I read a coin book maybe forty years ago and the author said to always hold coins over a soft surface, like velvet.

  • @frankzakzak
    @frankzakzak 6 ปีที่แล้ว +1

    Always buy NGC for ancients and never use NGC for modern. PCGS only for modern

  • @macspartan2371
    @macspartan2371 5 ปีที่แล้ว

    Coins are meant to be held and touched. I collect ancients and we dont use gloves.

    • @johnholms8199
      @johnholms8199 4 ปีที่แล้ว

      Investment grade are absolutely NOT meant to be handled like that.

    • @shibbidydoowop
      @shibbidydoowop 2 ปีที่แล้ว

      You're correct, both of ya 🎉

  • @DuxButt
    @DuxButt 8 ปีที่แล้ว

    Amazing Video and what a treat to see these. completely awesome. thanks for this.

  • @CertifiedPre33
    @CertifiedPre33 ปีที่แล้ว

    I wish coin graders gave full reports on why the 🪙 received those grades.

    • @redw0lf848
      @redw0lf848 ปีที่แล้ว

      im sure for an extra $100 per coin this service can be had. time is money, and money is business