WHAT DO YOU THINK OF THIS POSSIBLE NEW MODEL ALLOWING NGC COINS INTO PCGS REGISTRY SET?
oreville
Posts: 11,960 ✭✭✭✭✭
Just as a thought, what would the response be if PCGS allowed NGC coins
in their registry under the following scenario:
For every 1% of coins contained within a registry that had NGC coins deduct 1/5 of 1% from the net grade of the NGC coins within the set. This would be a stated "penalty" which can be modest but will grow as more and more NGC coins are added to a set.
For example,
if 5% of the registry set were NGC coins deduct 1% from the net grade of all the NGC coins in the registry set.
If 10% of the registry set were NGC deduct 2% from the net grade of all the NGC coins in the registry set.
If 40% of the registry set were NGC deduct 8% from the net grade of all the NGC coins in the registry set.
As you can see from the above examples, they allow for more than 10% non {CGS coins but also exacts a growing but rational "penalty" or "service charge" for using non proprietary products in a system paid for by the proprietary company (PCGS).
If someone wanted to put a 100% NGC product right here for the thrill of it they would have a net rating of 80% of the raw grade but so what? We PCGS users get to look at another collectors set and enjoy it for what it is.
If a collection were rated all MS-67 with 1% NGC coins such set would be net graded 67 - (0.2% x 67) = 66.86
If a collection were rated all MS-67 with 5% NGC coins such set would be net graded 67 - (1% x 67) = 66.33
If a collection were rated all MS-67 with 10% NGC coins such set would be net graded 67 - (2% x 67) = 65.66.
If a collection were rated all MS-67 with 20% NGC coins such set would be net graded 67 - (4% x 67) =
64.34.
This allows for more flexibility than even the current NGC plan but with an appropriate "service charge."
I like this idea enough that I believe NGC should use this same model.
This would provide a very simple formula to calculate a modest or more severe penalty depending on how many NGC coins are included in the set.
The reason why this may work is many collector may want to use NGC slabs as fillers on certain coins or coins that are simply unavailable in PCGS but would give them an incentive to display what they have under a formula that all can understand yet protect the preference for having PCGS coins with a registry set.
What do you gals and guys think?
in their registry under the following scenario:
For every 1% of coins contained within a registry that had NGC coins deduct 1/5 of 1% from the net grade of the NGC coins within the set. This would be a stated "penalty" which can be modest but will grow as more and more NGC coins are added to a set.
For example,
if 5% of the registry set were NGC coins deduct 1% from the net grade of all the NGC coins in the registry set.
If 10% of the registry set were NGC deduct 2% from the net grade of all the NGC coins in the registry set.
If 40% of the registry set were NGC deduct 8% from the net grade of all the NGC coins in the registry set.
As you can see from the above examples, they allow for more than 10% non {CGS coins but also exacts a growing but rational "penalty" or "service charge" for using non proprietary products in a system paid for by the proprietary company (PCGS).
If someone wanted to put a 100% NGC product right here for the thrill of it they would have a net rating of 80% of the raw grade but so what? We PCGS users get to look at another collectors set and enjoy it for what it is.
If a collection were rated all MS-67 with 1% NGC coins such set would be net graded 67 - (0.2% x 67) = 66.86
If a collection were rated all MS-67 with 5% NGC coins such set would be net graded 67 - (1% x 67) = 66.33
If a collection were rated all MS-67 with 10% NGC coins such set would be net graded 67 - (2% x 67) = 65.66.
If a collection were rated all MS-67 with 20% NGC coins such set would be net graded 67 - (4% x 67) =
64.34.
This allows for more flexibility than even the current NGC plan but with an appropriate "service charge."
I like this idea enough that I believe NGC should use this same model.
This would provide a very simple formula to calculate a modest or more severe penalty depending on how many NGC coins are included in the set.
The reason why this may work is many collector may want to use NGC slabs as fillers on certain coins or coins that are simply unavailable in PCGS but would give them an incentive to display what they have under a formula that all can understand yet protect the preference for having PCGS coins with a registry set.
What do you gals and guys think?
A Collectors Universe poster since 1997!
0
Comments
Obscurum per obscurius
To deduct points for their own coins?
Personally, I doubt that NGC would like PCGS to allow their coins in the Set Registry. Isn't it good for NGC that collectors need to come to their own registry to enjoy a mixed set? Isn't it good for NGC that collectors get a taste of the crossover game and throw their hands up in disgust and stop trying to cross coins? Sure, a certain percentage of people will only buy PCGS, but I think that will always be the case. As NGC's registry gets more and more complete and more and more nice coins stay in their holder due to the miniscule crossover percentage, more and more collectors are going to accept NGC holders.
I would decline to play the registry game unless I can play it under my terms. My coterie of friends know enough to love coins regardless of the plastic entombment.
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
Obscurum per obscurius
jom
Your quote:
<< <i>Personally, I doubt that NGC would like PCGS to allow their coins in the Set Registry. Isn't it good for NGC that collectors need to come to their own registry to enjoy a mixed set? Isn't it good for NGC that collectors get a taste of the crossover game and throw their hands up in disgust and stop trying to cross coins? Sure, a certain percentage of people will only buy PCGS, but I think that will always be the case. As NGC's registry gets more and more complete and more and more nice coins stay in their holder due to the miniscule crossover percentage, more and more collectors are going to accept NGC holders. >>
This is one of my many reasons for suggesting inclusion of some NGC slabs......why give NGC the chance to build themselves up even more at least from PCGS's perspective????