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Thread Title: PMG vs. PCGS: Which service to use?
Created On Friday July 01, 2005 6:44 PM


Tsimmerdown
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Friday July 01, 2005 6:44 PM

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I think I'm going to join PMG for a year "subscription" to try it out. I think it might be fun to get some notes slabbed that I plan to sell and see how the experience works out. Both services cost $99 / year for collectors to join, and include 5 free submissions. You are also given submission privileges for the entire year, but obviously you pay for those services seperately. I don't expect that the notes I sell will have such enhanced value to recoup the $99 I plan to spend, and this is more of an experiment.

I'm not 100% certain, but at this point, I think I'm going to choose PMG for now. This isn't meant to be a PCGS bashing thread, but my choice at this time is based on the PMG holder. PCGS, In my opinion has it wrong with the strip of reflective plastic and holograms along the entire length of the note. PCGS, in my opinion has it wrong with the label off to the side. They should seriously reconsider this design. The strip of reflective plastic is very distracting, and unattractive. When I view a note, I want to be able to enjoy the vibrant colors and intracate designs of my notes. I do not want my eyes to catch a strip of reflective plastic. This is especially important if I choose to get notes in my permanent collection graded for preservation purposes.

If the quality of the grading services are equal, the holder design is very important to me. Right now, starting out, not enough material has been graded for me to compare the quality of PMG and PCGS' grading services. I may try PCGS' services in the future, depending on how things go. However, right now, the holder design in my opinion needs to change. I think others on here have voiced similar opinions.


Edited: Friday July 01, 2005 at 6:46 PM by Tsimmerdown

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TheRock
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Friday July 01, 2005 7:25 PM

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TS, I spoke with Sergio Sanchez at the Chicago show a couple of weeks ago and he told me that in the next 1-2 months, PCGS was going to change thier holders because of all the crap they were getting on the size and logo.

I thought about doing the same, but GOD, $25.00 a note to grade seems high!!!!!, what's up with that? Even a coin from NGC and PCGS is $14.00 economy?

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Nationalized
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Friday July 01, 2005 8:13 PM

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PMG has but only one competent grader, same as pcgs.

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Yesterday is a cancelled check. Tomorrow is a promissory note. Today is cash.

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patmcau
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Friday July 01, 2005 8:29 PM

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"Never argue with a fool...People might not know the difference."

Edited: Friday July 01, 2005 at 8:42 PM by patmcau

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patmcau
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Friday July 01, 2005 8:43 PM

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Tsim, if you were going to have PMG grade some notes for you why don't you just join their dealer network and save yourself the 99 bucks?

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"Never argue with a fool...People might not know the difference."

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TheRock
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Saturday July 02, 2005 6:17 AM

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Patmcau, when I talked to the NGC/PMG guys at the Chicago show a couple of weeks ago about this. They told me that in order to register as a dealer, you had to have the following:

- Be incorporated as a dealer
- 1 Year as a dealer
- 3 creditable sales with proof of sale

Is this not the case?


-------------------------
"GOT TO LOVE THEM SMALL SIZE DEUCES, SC's, LT's & FRN's"

John DeRocker
President/CEO
The Rocks Collectables, LLC
TRC, LLC
[email protected]
SPMC Member - LIFETIME
EBAY - TRC, LLC

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Tsimmerdown
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Saturday July 02, 2005 6:34 AM

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<< Tsim, if you were going to have PMG grade some notes for you why don't you just join their dealer network and save yourself the 99 bucks? >>



Pat, I thought about that after you mentioned it to me a while back, but I think I'll have a hard time proving that I'm a dealer! Now that PMG is set up with the fee based system for collectors, I think they'll work harder to differentiate dealers from collectors in order to collect the subscription fee.

Also, the $99 includes 5 Free economy submissions, which normally are $25 / ea. Then after that, you have to pay the standard fees.

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TheRock
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Saturday July 02, 2005 6:36 AM

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Ah, so the people in Chicago were right. I think I would have the same problem.

-------------------------
"GOT TO LOVE THEM SMALL SIZE DEUCES, SC's, LT's & FRN's"

John DeRocker
President/CEO
The Rocks Collectables, LLC
TRC, LLC
[email protected]
SPMC Member - LIFETIME
EBAY - TRC, LLC

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patmcau
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Saturday July 02, 2005 9:11 AM

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"Patmcau, when I talked to the NGC/PMG guys at the Chicago show a couple of weeks ago about this. They told me that in order to register as a dealer, you had to have the following:

- Be incorporated as a dealer
- 1 Year as a dealer
- 3 creditable sales with proof of sale

Is this not the case?"

I don't really know what the requirements are although this may be the case. When I enrolled, I just filled out the paperwork and sent it in....The submission fees are a bit cheaper on the dealer network ($20 for economy) and you don't have to pay the subscription fee. I guess as long as you get the five free submissions with the subscription then it all comes out in the wash in the end.



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"Never argue with a fool...People might not know the difference."

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2ndCharter
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Saturday July 02, 2005 4:46 PM

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Who cares? The only slabbed notes I own are the free samples they handed out at Memphis.

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TheRock
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Saturday July 02, 2005 5:35 PM

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Who cares?

Because we are all money hungry PIGS and like to make money. LOL

If the market is ripe and it seems like it is for TPG notes, why not?

-------------------------
"GOT TO LOVE THEM SMALL SIZE DEUCES, SC's, LT's & FRN's"

John DeRocker
President/CEO
The Rocks Collectables, LLC
TRC, LLC
[email protected]
SPMC Member - LIFETIME
EBAY - TRC, LLC

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KentuckyJ
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Saturday July 02, 2005 9:54 PM

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I agree with you. I would go PMG. I think placing notes into a PCGS holder, as it is now, would be a big mistake. Not everyone looks at the note, instead of the holder.

KJ





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banknote1
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Saturday July 02, 2005 10:20 PM

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Nat. What competent graders does CGA have????


I know most of the guys on both PCGS and PMG services. While I have to agree with my pal the "Bowler" about slabing currency. I do like the PMG holder better. I even like the RCGS holders better that PCGS as well. IMO, at this time I would use PMG! That may change over time. I do not have a note in either PCGS or PMG holders at this time. I feel my grading is as good or better than any of them and I think I have proven it many times over. Some of the members here would agree...


But Nats are a pest, we swat nats in Mississippi.

Happy 4th to all my friends on this forum!!!!! Don't forget our guys and gals that are in harms way!!!

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Banned for Life from The Evil Empire™!
Looking for Nationals, Large VF to AU type, 1928 Gold, and WWII Emergency notes. Also a few nice Buffalo Nickels and Morgan Dollars.
Monty...

Edited: Saturday July 02, 2005 at 10:30 PM by banknote1

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