interesting article from accross the street

Nedcoinage · September 12, 2003 10:18PM

wingedliberty · September 12, 2003 10:27PM

I agree. NGC is my service of choice. I do consider them number one ,with PCGS a close second.
PCGS and NGC are the only two services I now use.

JoyofCollecting · September 12, 2003 10:32PM

There is a reason NGC was chosen by the ANA for its members. I think PCGS' recent actions on this board toward its customers confirms the wisdom of the ANA's decision.

Barry · September 12, 2003 10:40PM

That post is 6 months old. What brings it up all of a sudden?

robertpr · September 12, 2003 11:51PM

I too am now an NGC member and consider them to be number one for many of the reasons already mentioned.

But, to be clear, the ANA chose NGC because NGC laid out the cash, and for no other reason. NGC is the ANA's official grading service because they paid for that privilage.

EVillageProwler · September 13, 2003 2:19AM

But, to be clear, the ANA chose NGC because NGC laid out the cash, and for no other reason. NGC is the ANA's official grading service because they paid for that privilage.

True. It's a tough biz, and there is no Santa in this biz.

EVP

maddogale · September 13, 2003 2:25AM

True. It's a tough biz, and there is no Santa in this biz.

Unless you're a top well heeled collector, then everyday at submission-Land is Christmas....

MadMonk · September 13, 2003 2:31AM

Good article. I have not bought heavily in about two years, and I havent gone to any shows as well in that time. When I was heavy into the hobby..I felt that NGC was too loose on the grades, and the coins were very hard to sell. PCGS at that time was pretty damned good. I'm talking Franklin halves here, and I have to say that is my best coin as far as grading, eye appeal, and market psychology. .When the blue label PCGS coins started showing up, I thought the standards had loosened. Some say it isnt so, and I of course, only saw it from my small perspective. So I can't really say. I've heard that NGC tightened up, and did see with my own eyes, before I got too busy to play with coins, that NGC coins were looking better. All in all, I still buy the coin, and not the holder. Who do I want grading my coins..I havent made up my mind who will get the next submission.

EVillageProwler · September 13, 2003 3:12AM

The Pcgs qtr genarally much nicer and much more costly.

In your opinion, is the price diff commensurate with the quality diff?

EVP

fantasiize · September 13, 2003 3:37AM

Not sure about the rest of the folks, BUT, over the past 3 years or so, I generally cannot give NGC coins away as compared to their PCGS counterparts. The base of coins I am talking about, are Morgans, Franklins, Ikes, silver Washingtons and general Type coins (onsies/twosies). My guess is that the average is about 20% (range being 15% to 25% premium for PCGS or discount for NGC, depending on your point of view).

Maybe we can hear from the rest of the folks, as we add to this thread.

mgoodm3 · September 13, 2003 3:44AM

I think he made an interesting point about conservative grading on the NGC post. I think he said that they feel their grading is accurate and that PCGS is too conservative. Basically undergrading. That would certainly explain the price diff. I guess the question is who's grading is right and by what standard. That's a tougher question.

dragon · September 13, 2003 5:15AM

As fantasiize has already pointed out, I would like to add to that comment a bit.

I have nothing at all against NGC and I will and do buy NGC coins, however, PCGS graded coins still consistently bring more money grade for grade, are easier to sell, and are more desired by collectors than any other grading service.

I would challenge anyone to mention a specific series or individual coin(s) or specific grades where NGC graded pieces consistently sell for more money than PCGS graded ones. I would also point out that customer service, politics, friendliness, turnaround times, helpfulness, perceived conflicts of interest, and whatever else ALL take a back seat to PRICE REALIZED when you sell your coins, and up to now, PCGS has been the undisputed leader in prices realized across the board.

dragon

crito · September 13, 2003 7:35AM

That wouldn't be a fair comparison. If PCGS undergrades a point in the MS grades (or is "conservative"), then the question should be whether an NGC 68 will fetch as much as a PCGS 67, and in most cases I'd say yes. Perhaps even a little more, without the temptation to waste money on resubmissions and presidential reviews.

mgoodm3 · September 13, 2003 7:51AM

This is one of those unanswerable questions: which grading company is more accurate? All depends on who you ask. The ANA grading standards are pretty vague in MS. It's all subjective. As long as you are consistent the market will adjust. We see this with the price differentials between different slabs. If you are relatively close to correct grading as viewed by the market, you will do OK (PCGS,NGC, ANACS). If you are too far off (ACG, NTC and such) you will get beat on, at least by people who know better.

mdwoods · September 13, 2003 8:08AM

A very good article with some valid points made. It's not that NGC doesn't grade consistently, it's that their idea of what makes a MS66 coin is about 1/2 to 1 point less that
PCGS's idea of what makes a MS66 coin. This has been my experience. However, as even David Hall says, you should buy the coin not the slab. If it's really nice for the grade, PCGS would love to see it crossed over to one of their slabs.

Bulldog · September 13, 2003 8:17AM

First time that I have seen this letter. If nothing more, I liked the tone of the letter.

Bulldog

EVillageProwler · September 13, 2003 8:49AM

For the record, I did NOT drag that thread back from never-never-land. I saw it last night (?) all of a sudden on the front page, with no indication of how it got there. I assumed that one of the mods had done something to get it there, hence my magic wand post.

I found out today that if you post and then quickly delete it, then it gives the appearance that the thread has mysteriously been TTT'ed but with no such actual TTT indicator.

EVP

ElectricEye · September 13, 2003 10:04AM

Interesting: yes. Unbiased: no.

EVillageProwler · September 13, 2003 1:30PM

Interesting: yes. Unbiased: no.

I don't mean to criticize Salzberg, but how can he be unbiased? He is the head of Collector's Society and NGC. As such, we'd have to be pretty darn naive to think he'd be unbiased. Does that make what he said untrue? No. It could very well be true. But, he's certainly going to highly motivated to protect his turf, just like David Hall would be in protecting his turf. And, likewise with every other corporate head...

EVP

michael · September 13, 2003 1:38PM

for me

if i would look at a coin in a pcgs/ngc holder

if the coin was an extraordinary extraspecial coin with a superlative look and i felt the it was a good value

then weather it was pcgs/ngc would not matter much to me

as long as the coin

is all there
is to me a one in a million coin
is one of the finest i have ever seen
is a great value

michael

jamesfsm · September 13, 2003 2:09PM

I think the issue is generally which slab resales the best. It's PCGS. We all know that. Now, who has the best customer service? NGC?? ICG?? ANACS?? That's a whole different animal.

dragon · September 13, 2003 2:38PM

I think the CEO of Capital Plastics should now give a prepared statement on just how unbiased they are, and how cool their holders are. And the best part is, they don't even give opinions of grade, so you can just make up your own and have it printed in gold letters on the Capital holder!

dragon

Bikingnut · September 13, 2003 2:44PM

Interesting. I wonder how long it will take before this thread gets yanked.

interesting article from accross the street

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