How many grading services do you think the market can support
ScarsdaleCoin
Posts: 5,253 ✭✭✭✭✭
Assuming we have 5 at the moment PCGS, NGC, CACG, ANACS, ICG...
How many more do you think the market can support?
and do you think any would they be able to make any inroads into the marketplace? 
Jon Lerner - Scarsdale Coin - www.CoinHelp.com
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Strange time to be considering adding grading services.
2.
I like VSS.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
The current 5 supported by ebay.
For coins - Beyond the other 3 making inroads into PCGS / NGC nada. PCGS & NGC dominate the quantity of material on eBay (will continue to do so for a long time if not for the duration of the epoch) the other 3 nowhere close.
For graded currency which is a vibrant booming market there or 2. Many gravitating to this area - super investment buy, light weight, and easy to store.
As many as John Albanese could be involved in. The bigger question is what happens when John Albanese is gone.
5 is too many in a normal world...3 primary plus specialists if you asked me not knowing there were already 5.
There's already more than 5 if you count the specialist services.
ICCS for example. There's also a Chinese one that escapes me at the moment.
Edited to add: HuaXia is the China one I was trying to remember.
I only pay attention to PCGS and NGC (with or without CAC stickers).
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Well you know the people are dumbed down. To the point that only 4 or 5 are considered. And of late, only 1 seems to matter. CACg
( not that I agree on one set of eyeballs ). It's just the coin facts
Regarding US-based grading services, one more than the Market Gods™ acknowledge, because there is a significant base that has distaste for the Market Gods™ and prefer to use a service like ANACS, as long as they are reliable and impartial and provide something the other services don't, such as price, customer service, speed, accuracy, aesthetics, etc. Long term, I don't think there's room for both ANACS and ICG in that tier.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
10 years from now ... 2.
If Bob Grellman, or someone of his caliber, started a grading and attribution service for half cents and large cents, I would support that.
I realize this would only appeal to a niche market.
He currently does (or did) this for $1, but the coins weren’t encapsulated. Just a flip and a little paper card.
I think 5 is a reasonable number. Three are "first tier", and two are "second tier". If you are not sure which company is in which tier, ask yourself, if you were selling a coin valued at $5000 or more at Great Collections, what would be your top three choices for the grading company the coin resides in?
Guess it depends on how many more JA starts up. Founding member of PCGS, NGC, CAC and CACG.
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Coins need to support the coin market. TPG has had multiple opportunities over time to lead in what matters in grading. Instead of leading and setting a clear expectation of what coins need to be, they have caved to a concept of a market standard of grading and what is acceptable that is not defined- And that lack of discipline has produced mixed results instead of consistent results.
We see this every day with coins posted on this forum that have been enhanced but are often graded whereby the op seeks thoughts and opinions about the coin. This is not recent development but on ongoing problem whereby TPG just seems ignore what should matter in grading. And this inaction already has impacted the future of grading in a negative light.
So it really does not matter whether there are 3, 4 or 5 grading companies or even those that provide stickers to validate what is acceptable at various states of preservation. While opinions should matter, there really needs to be some level of transparency in terms of what is and is not acceptable as to what should stand out and be the real focal point for how the grade is determined. Credibility matters until it is lost.
Experience the World through Numismatics...it's more than you can imagine.
I must admit ANACS makes a great holder with a curved top, but I’ll stick to PCGS/CAC please and thank you!
There is GENI also. Haven't seen one in hand but I think I like the design of the holder.
https://www.facebook.com/GENI.contact/
CAC has been around for 15 years so in essence they have already been grading (confirming as solid or even undergraded) for a long time. CACG is just an extension of that.
Just a crazy thought, but I think the market could support an almost unlimited number of services if the slabs were standardized, or if grading technologies advance to the point where slabs became a TPG option, not a given. And the latter is possible - actually, I think likely - because once you know that the grade of a coin is completely reliable and replicable, the risks we now associate with cracking a coin out of a holder mostly disappear.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I’m not sure and frankly, I am confused sometimes where to send my coins…
After reading the thread, for some reason this came to mind!
https://youtube.com/watch?v=O6rHeD5x2tI
https://www.smallcopperguy.com
So when did SEGS go under? Or did they?
jom
CACG seems to be staking out a solid position. In yesterday's Gerry Fortin blog, he showed results (with good photos) of nine pieces from his Liberty Seated dimes reference collection he submitted to CACG. Of the nine dimes, six came back in "Details" holders, and just three in graded holders. You have to wonder if the apparent "higher standards" at CACG will scare away potential submitters. Or will submitters just send coins for crossover with "minimum grade" specified? Things should get interesting.
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Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't no optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
As PCGS submitter it’s a moot issue for me. If he got 67 pct details on those wonder if it’s just the coins or what.
If did not agree with results would submit elsewhere / get another opinion.
Each one makes and grades for their own market.
I'm going to go out on a limb and say the classic coin grading game will change markedly in the next 5 years.
There are large investments and entities involved that will want to see margins improve IMO.
The question is with the decline of collectors with disposable income and largely well-healed professionals and independently wealthy people who are buyers, what are they looking for? Anacs and Icg will never give substantial money grades, they are fine with $100-$2000 or so coins, but above that the risks are such that collectors want assurance they won't be taken to the cleaners when they go to sell.
An interesting and educational post from GF. He stated he is going to market the details coins at full guide value—that will be interesting to watch how that works out (likely not well, IMO).
Nothing is as expensive as free money.
Long live Hallmark!
Really depends on what the market price difference is...
I buy coins and not slabs, hence we can have thousands of TPG. I’ll still buy the coin.
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins
As many as people will pay for.............
"When they can't find anything wrong with you, they create it!"
I prefer go with PCGS. I really like the inventory app which allows me data in hand.
Have no idea per the thread title question. Any amount of grading services will have no bearing on my collecting.
As one pondering what TPG to send raw coins to, turnaround time is my make/break, and currently it seems ANACS is the best at getting the thing back to you in reasonable time. If the big players slip in some important way like this, it opens the door for others to grab up market share.
There are very few coins that could be poached by a second tier TPGS.