"Laura" <
lspe...@hotmail.com> wrote in message
news:itme7b$efs$1...@speranza.aioe.org...
>I am totally burnt out on the subject of coin doctoring and how lousy
> the PNG is. I had to get some rest from saying the same old message.
> However, I am ANGRY as all hell that so little has been done since the
> beginning of the year (I had thought I had seen things happening).
>
> While I have been resting I realized I was not placing the blame for the
> weakness in fighting coin doctoring in the right places. Its ALL about
> the dealers. I look and back and realize I was wrong for saying things
> like " the PNG does have some good members". I take it back. Where the
> hell are the "good guys" in this serious war? If they do not want to
> rock the boat, or speak up, they should quit the club and or even coins-
> because they are part of the problem.
>
> For the 300th time, coin doctoring is destroying our precious history. I
> always thought we collect coins to preserve their originality for future
> generations to see. It should be considered a crime with actual jail
> time as a penalty. How can ANY dealer who cares one bit not stand up to
> these bullies? How can they not be angry? So many have excuses. I know I
> fume at every retail dealer who is not aggressively trying to stop coin
> doctoring. Stopping the docs IS a must-PERIOD!
>
> Since I started calling out the PNG, how come any smaller groups haven't
> been formed from the good members to attack the issues? I pick on them
> because their ads claim their dealers are honest and ethical. Yeah
> right! Instead of coin specialties, they should put down what some of
> their member coin doctors specialize in. It was totally lame of the PNG
> to toss out the issue of coin doctoring because they could not agree on
> a definition. Has anyone heard a peep from them in the last few months?
>
>
> Coin doctors for the most part are dealers. There has been a history of
> one or two collectors at home with easy bake ovens, but they are not
> doing it in any quantity and usually burn out fast.
>
> The new younger breed of dealer coming into coins has learned coins all
> wrong. They also seem to know how grade via plastic, NOT by old
> fashioned standards when a coin is RAW. They have no scrupples about
> ethics and believe it is their right to doctor coins. This method of
> dealer can NOT continue.
>
> I see TWO major reasons dealers can't and won't work to rid the
> numismatic community of preditors:
>
> #1 GREED. Dealers hate the normal slower way of making money. For the
> most part dealers need instant gratification. Which is faster, cooking
> up a coin and wholesaling it, or placing it in an ad or web site and
> having to discuss with collectors? They start young these days sadly,
> just about everyone has followed their "mentors" going the shake and
> bake route. They can make the most money with the least work. Ehtics,
> caring about the hobby? Na, too much money to be made quick. They
> believe there will never be any major effect from their work.
>
> The sadest part about the coin docs (at least the older ones)-they
> actually are ones who really DO know coins the best.
>
> #2 INCOMPETENCE. I will say it: for the most part, coins dealers CAN NOT
> GRADE. I cringe when I see every slick web site that lures collectors
> because it looks good-knowing the dealer behind it can't grade to save
> their life. Screw the politically correct stuff, when someone asks me
> about a dealer I tell them the truth about their ablities-side stepping
> does not help anyone.
>
> How smart do have to be to "crackout" a really pretty coins? You know it
> will either go up or down by a point. These dealers who do this are only
> plastic whores. Give them the same coin raw, and they could NOT grade it
> period. This seriously HURTS the coin business and allows for coin
> doctors to flourish. These incompetent dealers can't catch the doctored
> coins. They are part of the problem.
>
>
> Some how, you have test your dealer to see if they can grade RAW coins.
> In my opinion, the biggest lack of competence in the Dollar and Saint
> markets. If you have some cheap coins, give them to your dealer RAW for
> grading at a service, but ask them to out their grades down first. Or,
> ask them howmany auctions they have participated in where they bought
> totally RAW coins. Now, I am NOT talking about circ coins-those are easy
> to grade, I am talking more expensive Mint State or Proof coins.
>
> Where are all the damn consumer groups and dealer organizations? Why are
> the barriers of entry so low to be a dealer? All you need is money and
> congrats-your a PNG memeber too! It has been more than proven ethics or
> ablity do not count to be part of that club.
>
> I think there needs to be a test some where to show the level of
> competence a dealer has. Would you go to surgeon who flunked his boards?
>
> If we had more competent coin dealers, then there would be LESS
> doctoring allowed. It would be spotted faster and they would think twice
> about what they buy. Before CAC came around, most of the Morgan guys
> couldn't identify a thumbed face if they tried. I don't care if its your
> best friend who is ruining the coins. If they shot someone would you
> just turn your back to it?? Dealers have to stand up.
>
> I know I am wasting my breath, but there needs to be a test created. The
> bad/incompetent dealers need to be weeded out. Too bad the PNG has to
> worry about its ANA Pre Show, maybe they could do something real and
> create a REAL membership that actually knows coins. It all goes hand in
> hand. I do not really know who else could create a meaningful test.
>
> At the ANA Show this summer, I fully encourage collectors to some how
> join together and take stand against coin doctoring. Let the coin
> dealers know it. Talk to the officers of the ANA, PNG, and any other
> major consumer protection group you can. I'd LOVE to see a petition
> started that could show to these guys just how many people demand (not
> just want) coin doctors and their friends who support them to go stop.
>
> Its clear and proven, the dealers do not want to help. I am begging for
> collectors to really weigh in this summer. Geez, you guys can sit there
> and knock my spelling on a chatroom, how about starting a petition about
> not wanting coin doctors to exist and I'll present it to the ANA and the
> PNG? We do have the coin doctors attention. However, since their peers
> are choosing to protect them, its up to us few dealers who dare to stand
> up to them and the rest falls on the collectors.
>
> If you have any comments, please email them to me at lsperber1
> @
hotmail.comI don't really care whether dealers can grade or not. If I'm buying a raw
coin from one, I make sure I'm confident *I* can grade whatever series I'm
after. If the price is right for the grade *I* give it, it's mine.
I don't bother with raw coins that would apt to be subject to the type of
"doctoring" you seem to be describing. Maybe this is an issue with big time
dealers or collectors, but I don't see it as an immediate concern.