PNG/ICTA Grading Service Survey Results are posted

Mark

The message title says it all. Here's the link. Let the battles begin!

Mark

mbbiker

Being a person that has never sent anything in to get graded because i am to cheap to use PCGS this helped me choose where to send my coins ANACS seems to be OK at grading/authenticating so my coins will go there.

Thanks for the link

airplanenut

Wow ACG faired well on this one!

Mark

What strikes me from looking at the table is the lack of variation amongst the different categories. In other words, if a service (PCGS, for example) grades high in one criteria, it generally grades high in all criteria whereas a service that grades low in criteria (ACG, for example) it generally grades low in all criteria. That said, the overall ranking from the survey was not much of a surprise to me. But, given that I collect PCGS coins almost exclusively (I like their holder) and given that I don't submit many coins, I don't have any insight into the objective accuracy of the different survey results.

Mark

kranky

Two things that jump out at me, having read this board for a long time, is that NGC and PCGS were both rated "Superior" for Customer Service, and that NO service was rated Outstanding in ANY category.

crito

I'd really like to know how they calculated turnaround time... and why is there a 2 point spread for "average" but only one point for others. Why not just show the numbers too? Anyone that reads that and thinks that PCGS and ANACS have about the same turnaround time for economy submissions is in for a rude awakening

clevegreg

Looks about right to me. I only hope that the coin periodicals make this front page news so all of the un-informed can "learn" about ACG and the new PCI.

Greg

4thStooge

The most telling thing about the suvey is that from the thousands of dealers listed in the dealers guide, they chose to audit the opinions of about 5% of them (only members of the PNG or ICTA) and then there were only 151 respondents. Could a survey be any less meaningful?

RLinn

Seems like a pretty thin statistical sampling. The lack of "spread" on the individual factors indicates the results may be little more than an overall impression or popularity vote by those that did respond.

au58

A more objective evaluation, and one that PNG could actually test, is "consistency of grading".
A sample of coins could be sent to the same service enough times to establish a consistency factor. Then, by sending the same sample to another service an equal number of times, a qualitative measure of grading standards between services can be determined. Combined, these two factors would be much more meaningful. Turnaround time can also be measured objectively with real data. Anything else is like grading - just an opinion.

Conder101

I like the results about accuracy of all attributions. How do you make a valid comparison there? ANACS will attribute almost everything and PCGS does almost nothing so ANACS has many more chances to get things wrong than PCGS. On the other hand I have seen a LOT more misattributed coins in PCGS and NGC slabs than in ANACS slabs.

kieferscoins

Not very surprising. The results are basically what we have ranked the grading services here on the forum.

Cameron Kiefer

sinin1

It's been awhile since I've seen such a biased survey - you can look at the results and see who completed the survey - in all honesty how can you say PCGS and NGC have the best quality slabs? - what's the deal with the hologram on the outside on the back that always tears off? How can you compare pricing information - is that for the value of the coin or cost of service - which is another category? PNG/ICTA could have asked "Which of the following certifying companies are you an authorized dealer for? How many coins did you submit to each of these certifying companies in the last year? How many certified coins in slabs from each of these companies did you sell in the last year?" This survey tells me nothing !!!!

If any major publication (that I get anyway) publishes the results to this I'm going complain in a letter to the editor to have them do their own survey to get the thoughts of collectors, not dealers who submit coins by the thousands, or because of tradtion only sell such-and-such -> what about NTC???(or PSGS or NSCGS or whoever else has a computer printer these days)

wingedliberty

These results are exactly what I expected.


Brian.

kieferscoins

Link dosen't work anymore. Did they remove it?

Cameron Kiefer

griffin6

I'm sort of surprised at some of the negative responses to this survey, but I guess everyone has their favorites and may have some coins slabbed by services that didn't fare too well. A survey is a strategic opinion that rates the whole. It does not mean that an individual coin graded by one of the top rated services is necessarily accurately graded nor that an individual coin of a poorly rated service is necessarily inaccurately graded. Considering the group polled, you can fairly well expect that the core consideration is economic.

I think that a fair synopsis of the result would be... "You have 1,000 coins. The same 1,000 coins are authenticated and graded by each of the rated services and offered at a major public auction attended by the same group of knowledgable numismatists. The prices realized would scale from top to bottom as the services were rated."

There may be minor variations, but my personal opinion is that this would be pretty accurate.