Author Topic: NGC Response Regarding The Authentication Of Pagoda Medals  (Read 18149 times)

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Offline catfury

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #15 on: July 19, 2012, 03:02:18 PM »
I have said this before, and now I say this again -- Medals are not coins, especially in China. All mints (and private companies) can mint medals freely as they wish. You should treat medals just like designed pieces made of metal (precious). Mintage ? The mint can just mint 1 for you, does it make it a million dollar piece?

Offline shibaji

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #16 on: July 19, 2012, 03:09:40 PM »
I have said this before, and now I say this again -- Medals are not coins, especially in China. All mints (and private companies) can mint medals freely as they wish. You should treat medals just like designed pieces made of metal (precious). Mintage ? The mint can just mint 1 for you, does it make it a million dollar piece?

Why is this relevant in current discussion ? If you have made your point earlier, please move on, we got it. No need to beat it to death. Everyone here can "think" - do not try & spoon feed. If you are unhappy with medals, go any buy loads of coins with denominations. Move on!

Offline davidt3251

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #17 on: July 20, 2012, 08:37:11 PM »
Wow I can only imagine how *spooned* that guy feels who dropped $25K on that set of pagodas or even those who dropped 10K ... OUCH



Is $25k alot of money to you?

Offline poconopenn

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #18 on: July 20, 2012, 09:24:26 PM »
This morning I received an email from NGC regarding their position on the Pagoda medals.

Dear CCF members,


I have been asked to address the 1984 Pagoda medals and NGC's position on grading of these pieces. Our research in China has been concluded and we can now grade the following:


1984 Chinese Pagoda Medals


SILVER
SILVER PLATED BRASS
GILT BRASS
BRASS...(if you can find them)


Anyone who has questions or concerns about their Pagoda medals in our holders can submit them to us for an evaluation to our modern world dept. Soon, we will post on our website photos and full details of our findings.


Kind regards,
NGC modern world dept.

I wonder what NGC meant by "anyone with questions or concerns....."  Why not come out and say graded pagodas are silver and not plate?  Guess we will find out the details when they post............

I will encurage the owner of graded set to submit to NGC for re-evaluation. IMO, there were counterfeit silver or silver plated sets graded by NGC, since NGC had admitted that some coins were weighed about 20 gm. The genuine silver medal weighs 22.2 gm, while genuine silver plated medal weighs about 16 gm. In case the set is misgraded, NGC has to compensate your cost, if you can provide the purchase invoice.   


Offline shibaji

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #19 on: July 20, 2012, 09:36:21 PM »
NGC graded pagoda which were 20g as opposed to 22.2 grams, are marked as such. See this:

http://www.ebay.com/itm/1984-CHINA-ANCIIENT-PAGODA-MEDAL-20g-SILVER-PROOF-NGC-PF68-69-/390381877704

Offline poconopenn

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #20 on: July 20, 2012, 09:48:40 PM »
NGC graded pagoda which were 20g as opposed to 22.2 grams, are marked as such. See this:

http://www.ebay.com/itm/1984-CHINA-ANCIIENT-PAGODA-MEDAL-20g-SILVER-PROOF-NGC-PF68-69-/390381877704

Please re-visit the following thread in this forum, email from NGC to member of this forum.

http://china-mint.info/forum/index.php?topic=2618.795


Offline shibaji

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #21 on: July 20, 2012, 10:36:46 PM »
Please re-visit the following thread in this forum, email from NGC to member of this forum.

http://china-mint.info/forum/index.php?topic=2618.795



Interesting. So, it is still unclear, and S20G can be silver plated or 90% silver, and so is the 22.22 gram ones ? Or, is it safe to assume 22.22 grams is always 90% silver, but 20 gram ones are silver plated ? In their last stance, NGC just says they will recognize all of silver/silver plated/gold gilt/brass, but which one is which one in the silver versions is still unclear!

Offline comeaux

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #22 on: July 20, 2012, 10:40:14 PM »
Wow I can only imagine how *spooned* that guy feels who dropped $25K on that set of pagodas or even those who dropped 10K ... OUCH



Is $25k alot of money to you?

Not necessarily, in fact compared with my income/assets it’s actually insignificant but that doesn’t mean I want to throw it away … anyone with a brain would not want to squander $25,000 Mr. Moneybags  :laugh: 

Offline shibaji

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #23 on: July 20, 2012, 10:42:53 PM »
Not necessarily, in fact compared with my income/assets it’s actually insignificant but that doesn’t mean I want to throw it away … anyone with a brain would not want to squander $25,000 Mr. Moneybags  :laugh: 

Oooh! 25K is a LOT of money for me :-) I can use some right now - any generous donor around ?

Underbidder

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #24 on: July 20, 2012, 11:28:26 PM »
LOL guys... Funny stuff


Now, how 'bout we recognize Poconopenn's wise recommendation to have their Pagodas reinspected by NGC.... Just in case?
There has been a lot learned in the past few months.

Thanks again to Poconopenn for being the one to point this all out many months ago, at least. And thanks to BBJ and Panda Express.
And to those of us who have been ridiculed or worse for our persistence in discovering the truth. No FUD or whatever was EVER involved.
Yes, some vindication has been achieved.

Now how about we come together again, and move forward to further cleaning up the mysteries of the Pagodas ( and Goldfish) ?


Offline shibaji

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #25 on: July 20, 2012, 11:32:44 PM »
LOL guys... Funny stuff


Now, how 'bout we recognize Poconopenn's wise recommendation to have their Pagodas reinspected by NGC.... Just in case?


Sure, as long as poconopenn pays for mine :-) - I am 100% certain about the authenticity of the ones I have, as I have purchased those recently - after all these confusion were well known to NCS/NGC, and these got graded afterwards.

Underbidder

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #26 on: July 20, 2012, 11:39:29 PM »
Glad to year that,  Shibaji.




Offline pandamonium

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #27 on: July 20, 2012, 11:57:11 PM »
I was told graded pagodas are real silver and not plate.  There was surprise that anyone would even think that NGC would do that.  (we all know mistakes are made) One of NGC's priorities is accuracy w/ grading.  So they spend accordingly for the best equipment to test coins for content.  I know this has been a long delay but a simple statement is coming that will explain it.  I keep prodding the NGC rep to put on a statement, maybe too much.  His answers will convince all, so until then................keep buying pagodas!........

Offline shibaji

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #28 on: July 21, 2012, 12:04:09 AM »
so until then................keep buying pagodas!........

Sure - if I get some in reasonable price. I am sure people here who are holding PF69s want to get rid of them since those are probably silver plated ones. Here is your chance - sell me some :-D

Offline davidt3251

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Re: NGC Response Regarding The Authentication Of Pagoda Medals
« Reply #29 on: July 21, 2012, 12:23:25 AM »
Re: Not necessarily" You're lying. :001_tongue:


And youre spooning comments reveal your fetish. Spooning coins. WOW. How unique! We'll keep that in mind next time you put up that 1994P panda for trade. Just make sure to disclose where its been.  :laugh:

Not that NCS could fix remove the liquids you apparently expose your coins to. :w00t:
 

Anyway, one track mind missed the whole point. My average cost basis for PFUC 69 Pagodas is a little over $1500 each, across multiple sets. Not $10,000 per set and not $25,000 per set.

So PFUC 69 Pagodas with ACB under $2,000 was a perfect return on investment for me.

But some people here cant see the forest for the trees. Thats great.

So go back to your porno blog with your spooning