Interesting -- NGC sneaks peek @ PCGS Grades

FrattLaw

When I submitted my PCGS slabbed Peaces to NGC for cross @ any grade I placed a label directly over the grade assigned by PCGS. When the coins were returned to me with the crackout slabs I noticed that NGC peeled back my label just enough to see the grade given by PCGS.

Then they downgraded them by 1 pt.

Is this par for the course. I wonder why NGC cares what grade PCGS gave these coins. It didn't matter, I wanted them to cross @ any grade.

Just an interesting note.

Michael

keithdagen

If the grade drop is more than 1 or 2 points, NGC will not cross the coin, even at Cross at Any Grade.

Dog97

They were just double checking themselves by the industry's set standards.

BigD5

That's funny. Of course, they're not my coins so I can giggle. I'm not sure what their grading mood was when they saw the coins with a taped up slab. I would think a little snack platter delivered at the time of the potential crossing would realize better results. What do I know though.

Strat

A label placed over the grade just begs to be removed. I've tried this too, with PCGS, to no avail. Is it just plain ole human nature to take a peek?

littlewicher

Try sawing off the top of the holder. Then they'll never get the grade.

Russ

Hey, has anybody seen KlectorKid today?

Russ, NCNE

littlewicher

He's on AIM right now. Not sure if he's posting, though.

barberlover

i am curious why anyone would cross at any grade from p.c.g.s. to n.g.c. ??? There are high end coins and low end coins at both services, but generally p.c.g.s. coins of like quality bring more money then n.g.c. coins when you sell. Certainley there are exceptions to this, but not more often then not.

FrattLaw

I don't care PCGS vs. NGC. I use all majors, PCGS, NGC & ANACS, all for different reasons and different coins.

PCGS - Modern Proofs (My ikes, sbas, sacs and proof type sets)
ANACS - low end toned coins (I like their 10-10-10 deal, no matter what year the coin is)
NGC -- for my toned Peace $ (I like the white insert better then PCGS's plastic for toned coins)

And I also collect raw coins for you purists out there.

I'm a collector not a dealer and never plan on selling my collection. So the price realized doesn't really worry me.

It was just interesting that NGC looked at the grades before cracking the slabs.

Michael

Android

NGC's John Maben explains NGC's crossover procedure, and why they don't cover a crossover candidate's grade.

NGC Crossover Procedures

Andy

gmarguli

If the grade drop is more than 1 or 2 points, NGC will not cross the coin, even at Cross at Any Grade.

Sure they will. NGC will cross the coin at any grade if you tell them you are willing to accept this.

For what it is worth, I had NGC cross several of my PCGS coins. They all crossed. All my ANACS crossed. 1 or 2 ICG crossed. I think they are very fair with the crossovers. I can't say the same for PCGS where even super-PQ coins weren't crossed, but maybe that is all in the past now?

clackamas

Why would anyone cross at any grade a coin to either service and accept a drop. As far as ANACS, NGC and PCGS go I would not accept a drop on any coin.

gemtone65

I'm in agreement with some members above who find it strange that Fratlaw is willing to cross at any grade just to put his coins in a holder he likes. Wouldn't it make more sense to cross only at the current grade? And, if that fails, go out and sell your coin at its current grade, buy the NGC coin one grade lower, and pocket the profit. Instead, he's throwing away the profit simply to get a holder he likes. Sounds like an expensive holder to me. he would be even better off not spending any money on grading, and instead buy premium, custom made Capital Pastics holders.

FrattLaw

Gemtone -- my set is a toned Peace set, it's not that easy just to sell the PCGS coin and "go out and find one in a NGC holder," these coins are very hard to come by.

To me, and again I am a newbie still, any grade from any third party grading company is just an opinion. I don't value my set completely by the opinion of someone else. If I wanted to sell my collection, which I won't, most purchasers will look at the coin and either accept the grade or counter with why they think it's lower. Perhaps I think the coin is a 64 and NGC/PCGS/ANACS says its a 63. I don't care what they say or you say, the market sets the price not the 3rd party grading service and not the purchaser.

Furthermore, all these coins are toned, they won't sell for the same money as a white coin with the same grade. They will sell for some premium over the graysheet. So the exact grade again, doesn't matter. If a MS63 is $100 but a MS64 is $175 and my coin is undergraded, slabbed a 63, but really a 64 and toned, I'm not selling the coin for $100, I'd probably put a price on the coin of $200 +.

I'd rather have undergraded coins in slabs then overgraded, but it really doesn't matter. The market determines price. I'd rather have PQ for their grade then low end coins for their grade.

For example, I just bought a ANACS MS63 1927 toned Peace. Coin should sell for $110-$120 without toning. Neither I nor the seller thought this was a MS63, we agreed it was a 62 and I bought the coin for $80. The market, not the grade determined the price.

Why people put some much emphasis on numerical grades dolled out by someone else is beyond me. Based upon the inconsistency of it all, does it really matter. Sure crack it out send it in and maybe I get a bump 1 pt. Does that change the coin?

Overall, I like slabs, I like albums, I like raw coins, basically I like all coins, well maybe not foreign, but my appreciation of them is growing.

I like slabs for the protection it affords a nice coin. A white NGC holder, brings out the color and highlights it.

I find it quite amusing that so many here have difficulty with this. Its not the slab! It's the coin. Isn't that the mantra around here?

Thanks
Michael

Conder101

<< <i>It was just interesting that NGC looked at the grades before cracking the slabs. >>


How do you know it was done BEFORE the cracking? It could have been done afterwards out of curiosity to see how their grade compared to the grade it had when it came in.

Strat

Having seen several of Frattlaw's coins, I agree that it would be very difficult for him to replace the coins if he sold them for any reason. He is trying to put together a complete set of toned Peace Dollars in NGC holders, along with a few ANACS ones, and he usually looks for coins with a certain look. Obviously, he isn't worried about the grades on the holder, as the color of the coin is more important to his goal, and if he ever sold the set, would first find someone who appreciates the coins as he does.

leothelyon

Then they downgraded them by 1 pt.

Hey,
Send them back to PCGS and see if they'll drop them another point.

Leo