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#1
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Diane Hager, please explain this
On 29-Jun-2003, Eric Tillery wrote: You seem to be missing the point here. Diane Hager stood up before the ANA board of governors and declared "registry sets are ridiculous". Now they are using the NGC registry to hype a coin in one of their auctions. Doesn't this strike you as just a wee bit hypocritical? I think coin slobbing is one of the biggest scams ever foisted in the coin collecting fraternity, milking it of hundreds of millions of dollars that could have been spent on coins and instead went to grading companies. For probably 90% of the slobbed coins, collectors gain nothing but a false sense of security. I also sell the occasional slobbed coin. I feel this is an admission that I recognize the way the market works, not that I'm being hypocritical. If I can pay $20 to turn a coin I would be ashamed to ask a collector $50 for into something I can blow off to a dealer for $150, I'm only playing the game. I think the stock market is still vastly overrated, but if I thought I could make a $10,000 investment in it with a reasonable expectation of doubling my money in a week, I'd be there. -- "The starting pay for a pilot at American Eagle is $16,800 a year. Never let someone fly you up in the air who's making less than the kid at Taco Bell." Michael Moore - "Stupid White Men" |
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#2
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On 30-Jun-2003, Bruce Remick wrote: As you say, updated, more descriptive standards would be required and ANA should be the obvious champion of this effort. They were at one time, including being *the* authentication service. Then they had the usual ANA brainstorm, sold out the service, settled for a % deal instead of promoting ANACS and making *all* the money for themselves, and missed the ultimate opportunity to do all the things they claim they're trying to do with the New Logo. This would include educating collectors, name recognition and promoting the hobby, among other things. They also created a conflict of interest by putting themselves in the position of being a "final arbitrator" of grading, while at the same time accepting money from someone who could easily be a litigant. -- "The starting pay for a pilot at American Eagle is $16,800 a year. Never let someone fly you up in the air who's making less than the kid at Taco Bell." Michael Moore - "Stupid White Men" |
#3
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Eric Tillery wrote:
On Mon, 30 Jun 2003 14:11:50 -0400, "J. A. McNerney" wrote: Registry sets are ridiculous. It's a marketing scheme, nothing more, and a pretty good one. Fine, if that is your opinion. But just don't let me find *you* using the registry to hype a coin you are selling next week. -- Morgan Dollars for Sale: http://www.k6az.com/inventory/morgan_sales.htm A Close look at Accugrade: http://www.k6az.com/acg.htm My Morgan Collection: http://www.k6az.com/collection/morgan_collection.htm It's just my opinion. But if someone wants to pay me big money for a common coin that fits into their registry set I'm going to take it. JAM |
#4
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Bruce Hickmott wrote:
On Mon, 30 Jun 2003 14:35:21 -0400, "J. A. McNerney" is alleged to have written: Bruce Hickmott wrote: What documentation do you have that the ANA is taking money from NGC? JAM Unh, the contract. NGC is declared the "Offical Grading Service" of the ANA and in return for this and other valuable considerations, NGC writes the ANA a large check. All offical, approved by the board, and publically disclosed. Some of us have a problem with it, in that it makes it difficult for the ANA to go after bottom feeding grading services like ACG with the appearence of a conflict of interest. Bruce ANA 162074 NGC is the Official Grading Service but what documentation do you have that the ANA is taking money from NGC? JAM If by "taking money" you mean something underhanded or illegal, then the ANA most certainly is not taking NGC money. If you mean "does NGC regularly pay ANA money for the use of their name", the answer is yes. And while some of us find the ethics and wisdom involved in the contract questionable, it is perfectly legal and aboveboard. The actual details are in the ANA financial report, which should be available off of the website. Bruce (Am i understanding the question?) That's all I'm asking. Where can we find that documentation. I can't seem to find it on the ANA site. JAM |
#5
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On 30-Jun-2003, "J. A. McNerney" wrote: What documentation do you have that the ANA is taking money from NGC? http://www.money.org/press/20020131-ngc.html The American Numismatic Association (ANA) and Numismatic Guaranty Corporation of America (NGC) have signed a new agreement that both extends NGC's term as the Official Grading Service of the ANA and guarantees the ANA greater revenue from coins submitted to the grading service. What more documentation should you need? Seems to me that the value of the contract should be a matter of record, but I doubt it. -- "The starting pay for a pilot at American Eagle is $16,800 a year. Never let someone fly you up in the air who's making less than the kid at Taco Bell." Michael Moore - "Stupid White Men" |
#6
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#7
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In article , J. A. McNerney spoke
thusly... Bruce Hickmott wrote: On Mon, 30 Jun 2003 14:35:21 -0400, "J. A. McNerney" is alleged to have written: Bruce Hickmott wrote: What documentation do you have that the ANA is taking money from NGC? JAM Unh, the contract. NGC is declared the "Offical Grading Service" of the ANA and in return for this and other valuable considerations, NGC writes the ANA a large check. All offical, approved by the board, and publically disclosed. Some of us have a problem with it, in that it makes it difficult for the ANA to go after bottom feeding grading services like ACG with the appearence of a conflict of interest. Bruce ANA 162074 NGC is the Official Grading Service but what documentation do you have that the ANA is taking money from NGC? JAM If by "taking money" you mean something underhanded or illegal, then the ANA most certainly is not taking NGC money. If you mean "does NGC regularly pay ANA money for the use of their name", the answer is yes. And while some of us find the ethics and wisdom involved in the contract questionable, it is perfectly legal and aboveboard. The actual details are in the ANA financial report, which should be available off of the website. Bruce (Am i understanding the question?) That's all I'm asking. Where can we find that documentation. I can't seem to find it on the ANA site. http://www.money.org/press/20020131-ngc.html "The American Numismatic Association (ANA) and Numismatic Guaranty Corporation of America (NGC) have signed a new agreement that both extends NGC's term as the Official Grading Service of the ANA and guarantees the ANA greater revenue from coins submitted to the grading service. " I don't know if there is also an annual payment but I am sure that the board members who read here do. -- Stu Miller Read about Coins in the News: http://www.thestujoecollection.com/news.htm Director, RCC Mint http://www.TheStujoeCollection.com/rccmint |
#8
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On Mon, 30 Jun 2003 21:21:25 GMT, "Fred A. Murphy" wrote:
On 29-Jun-2003, Eric Tillery wrote: You seem to be missing the point here. Diane Hager stood up before the ANA board of governors and declared "registry sets are ridiculous". Now they are using the NGC registry to hype a coin in one of their auctions. Doesn't this strike you as just a wee bit hypocritical? I think coin slobbing is one of the biggest scams ever foisted in the coin collecting fraternity, milking it of hundreds of millions of dollars that could have been spent on coins and instead went to grading companies. For probably 90% of the slobbed coins, collectors gain nothing but a false sense of security. I also sell the occasional slobbed coin. I feel this is an admission that I recognize the way the market works, not that I'm being hypocritical. If I can pay $20 to turn a coin I would be ashamed to ask a collector $50 for into something I can blow off to a dealer for $150, I'm only playing the game. I think the stock market is still vastly overrated, but if I thought I could make a $10,000 investment in it with a reasonable expectation of doubling my money in a week, I'd be there. Fred, I've been round and round with you before about the grading services, so I am not going there again. The bottom line here is if she thinks registry sets are ridiculous, why does she use them to hype their coins? Just another example of them saying one thing and doing another. -- Morgan Dollars for Sale: http://www.k6az.com/inventory/morgan_sales.htm A Close look at Accugrade: http://www.k6az.com/acg.htm My Morgan Collections: http://www.k6az.com/collection/morgan_collection.htm http://www.k6az.com/toned_collection/toned_morgans.htm |
#9
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On 30-Jun-2003, Eric Tillery wrote: The bottom line here is if she thinks registry sets are ridiculous, why does she use them to hype their coins? Just another example of them saying one thing and doing another. I just explained "why". She's taking advantage of people who have fallen for the hype. That's her job as a businessperson. The lady running the bookstore two doors down the street thinks the Atkin's diet is stupid and unhealthy. How many copies of the book would you like to buy? -- "The starting pay for a pilot at American Eagle is $16,800 a year. Never let someone fly you up in the air who's making less than the kid at Taco Bell." Michael Moore - "Stupid White Men" |
#10
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Jorg, I don't like the ANA taking money from NGC any more than anyone else. But again, I don't think that was the point of this thread. They delcared registry sets as ridiculous, then turned right around and used them when it was to their advantage. -- Morgan Dollars for Sale: The thread I chose was just happenstance. It was just this one that triggered my feelings about some of the other abuses that are out there. I do hope your personal struggles go well and that any recent illegal activity against yourself will be dealt with justly. |
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