PCGS Believes they are number one. Does NGC agree?

braddick

There is a thread running on the Registry side where I ask the question of whether PCGS should allow NGC coins into their Registry such as NGC allowing PCGS into theirs. Avis and Hertz rental cars used to battle it out with Avis always claiming, "We Try Harder". They admitted to being number two.

Now, PCGS believes, both publicly and privately they're the number one grading service, right?
Does NGC privately believe this too? Does NGC concede that PCGS is better overall than they?

If not, why do they allow PCGS coins into their Registry?

Russ

<< <i>Does NGC privately believe this too? >>



Last time I had coffee with the Pres of NGC, he said yes, PCGS is number one and NGC will never catch up.

Russ, NCNE

braddick

I bet he drinks his coffee black.

dakra

I was at the NGC site today thinking about signing up, the first faq answer states they are the leading third party grading service in the world. The Link

...not that I pay attention to that stuff anymore

-David

HuliganRS

PCGS is #1
NGC is #2

I see it as simple as that !

airplanenut

I think that NGC will allow PCGS coins due to better customer relations... it makes sense- figure that someone has a fair split of NGC and PCGS coins and they aren't ready to reslab them all to one company- they can still have an NGC registry set. When they get some more money, they might think that NGC treated them better (allowed them to have both grading services) thus they may very well convert their PCGS slabs to NGC slabs... NGC makes a nice profit.

I think NGC is saying they are on par with PCGS and accept that their grading is very similar; I don't think PCGS could ever admit that they are even close with another service; once the best, always the best.

Jeremy

Russ

If one determines top seed by volume of submissions, it wouldn't be surprising if NGC is number one. After all, they get all of the JunkAtHome TV business.

Russ, NCNE

tradedollarnut

Define "number one". Define "better overall". Those statements are just too vague to be able to answer correctly.

NGC grades more coins - this could easily define "number one". NGC has a customer service attitude - this could easily define "better overall".

Oh, you mean will NGC start undergrading coins to market in order to continue to bring amazing prices? Or will they intentionally stop giving certain grades as part of a combined submissions/retail profit scheme? I doubt it, so they must not be number one!

Tonekiller

Until PCGS brings up their customer service levels, we are going to have to stay with NGC and ANACS. I can’t say that I do not like that extra premium that most PCGS slabs bring but NGC has made strides just in the past 3 months. IMO

TBT

DHeath

TBT, I've noticed in all of the mailings here to the house that pricing has come toward parity too. It seems many of the sellers are deciding to hold for a fair price for the grade, regardless of the holder. In the latest B&M, their wasn't 5-10% difference in holders, with PQ coins being priced accordingly. I like the idea that PCGS and NGC are different services with different philosophies. Maybe it's good that NGC allows PCGS slabs and PCGS doesn't reciprocate. It's just one more divergence. I wonder aloud about the effect NCS will have on the market.

jamesfsm

I have done as Tonekiller has. I submit to NGC and ANACS only. I liked PCGS in the past but they seem disorganized and unconcerned right now. If PCGS gets its act together, I'd use them again as I used to do exclusively.

IrishMike

No No No PCGS is definately number 1, because of all the extras you get, free cookie crumbs, eyelashes, fingerprints, misidentified slabs, and those nice hazy coins. Look at all the profit they are making, no doubt they are number one.

Edited to add: number one for how long should be the question.

crito

This thread is in violation of board rule #4 and should therefore be removed immediately

4. Collectors Universe reserves the right to remove messages that we deem have no
purpose other then to bash our company or blatantly promote our competitors.

crito

oh, and I almost forgot: DON'T FEED THE TROLLS

EVillageProwler

Folks,

I think NGC's allowing of PCGS coins in their registry is a concession of ONLY that their registry service is late in getting off the ground than PCGS' registry service. Perhaps it also is intended as a nice customer relations gesture, as airplanenut suggests. In that case, I think it worked.

PCGS is #1
NGC is #2

I see it as simple as that !

As far as it being that simple, as Huligan says... I think his view is even simpler. TDN's questions are on the mark: there is no definition of what it means to be #1 or what it means to be better.

The actions of NGC along the registry front has minimal to zero bearing on them as a GRADING service. Let's keep in mind that unlike PCGS, NGC does not operate a retail outlet for their own widgets. Their main offering is the authentication, attribution, grading and encapsulation of coins. The registry service is just a nicety that helps to popularize their firm and raison d'etre.

EVP

flaminio

I agree with the other posters is that one has to define what being "Number One" means.

#1 in total submissions? That'd be NGC.
#1 in prices realized for a grade? PCGS.
#1 in terms of consistency of grading? ANACS, imho.
#1 in customer service? Either NGC or ICG.
#1 in David Hall's catalog? PCGS.

The list goes on...

-Bob