Please don't take any of this as a knock on you or PCGS or NGC - we all know that grading is imperfect and at least somewhat subjective and inconsistent. And, as I have said before, even if a small percentage of coins are graded imperfectly each month, that still accounts for thousands of coins each month that are graded too high or too low.
This is why I believe eventually all slabbed coins will eventually be graded too high. The undergraded will remain in their slabs while the undergraded and the properly (PQ?) graded coins will be cracked out. The cycle will repeat itself again when gradeflation takes hold and the PQ of the overgraded will be submitted again for upgrading.
<< <i>Greg, very well thought out post. I tend to see the opposite happening. Any really nice NGC 66 tends to be sent to PCGS for crossover, thus diminishing the number of superb PQ NGC coins at higher grade levels. TomT. >>
<< <i>Greg, very well thought out post. I tend to see the opposite happening. Any really nice NGC 66 tends to be sent to PCGS for crossover, thus diminishing the number of superb PQ NGC coins at higher grade levels. TomT. >>
I agree, good point. >>
What was your motivation to revive this 7-year-old thread?
I am surprised TDN has not revived a very relevant post of a year or so ago which, without the Nash equilibrium, described the same sort of resultant phenonmenon and "steps" of progression in pricing, albeit of the rather pedestrian coins he deals with rather than those which are representative of a broader segment of the market.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
Very good post, but in my case I have a number of PQ pieces in PCGS slabs that dropped a grade when they made the move frm their NGC holders, and I know of many others.
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I think that Julian made some great points!
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This is why I believe eventually all slabbed coins will eventually be graded too high. The undergraded will remain in their slabs while the undergraded and the properly (PQ?) graded coins will be cracked out. The cycle will repeat itself again when gradeflation takes hold and the PQ of the overgraded will be submitted again for upgrading.
Joe.
<< <i>Greg, very well thought out post. I tend to see the opposite happening. Any really nice NGC 66 tends to be sent to PCGS for crossover, thus diminishing the number of superb PQ NGC coins at higher grade levels. TomT. >>
I agree, good point.
<< <i>
<< <i>Greg, very well thought out post. I tend to see the opposite happening. Any really nice NGC 66 tends to be sent to PCGS for crossover, thus diminishing the number of superb PQ NGC coins at higher grade levels. TomT. >>
I agree, good point. >>
What was your motivation to revive this 7-year-old thread?
I had forgotten all about this old thread!!!
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