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Imagine if PCGS and NGC were friendly competitors....

ANACONDAANACONDA Posts: 4,692 ✭
in U.S. Coin Forum
I used to work in the wholesale floral business. When we would run out of carnations, or whatever, we would call our competitors
and get them to spot us some. We did the same for them.

I now am a personal injury lawyer. I talk shop with my competitors all the time. I refer business to them. We help each other out.

I am also a coin dealer. I give coins on memo to my competitors and they do the same for me.

Imagine if NGC and PCGS were friendly competitors.

Here's just a few of the things that could occur....

PCGS could let NGC use PCGS's numbering system...a brilliant idea i suppose of David Hall's and one that NGC could benefit by using and which we all could benefit from having a uniform system of.

PCGS could make their boxes accomodate NGC coins.

PCGS and NGC could share information about who is doctoring coins and what they look like.

They could engage in friendly competitions against other grading services for most accurate or replicable grading.

The could jointly host coins shows and do other things that alone might be cost prohibitive. They could offer insurance together.

They could get together and try to come up with a grading guide that could go even further as an industry standard than PCGS's very excellent grading standards.

I'm not saying each of these is ground breaking, practical or desirable....i'm just brain storming.

Can you think of any others?

adrian

(p.s. wayneherndon sent me a PM that put this thought into my head)

Comments

  • airplanenutairplanenut Posts: 22,243 ✭✭✭✭✭
    They could use NGC's turnaround times and customer service which has been voiced as being lacking...
    They could make just one registry set...
    They could truly become the best grading service in the world...

    Jeremy
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • Dog97Dog97 Posts: 7,874 ✭✭✭
    Bashing PCGS by imagining they could work together???
    Anaconda, wayneherndon & Jeremy you are banned!
    Off to the NGC boards with you.
    Oooops 2 of you are dealers..........
    Jeremy you're outta here!
    Change that we can believe in is that change which is 90% silver.
  • wayneherndonwayneherndon Posts: 2,356 ✭✭✭
    They could share information on successful crossovers so that each's population reports would be more accurate (rather than relying on the customers to submit this info).

    WH
    We are: WHRC Wizard PotoPromo
  • airplanenutairplanenut Posts: 22,243 ✭✭✭✭✭


    << <i>Jeremy you're outta here! >>

    I'm the future of the business image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • Dog97Dog97 Posts: 7,874 ✭✭✭
    Wait till David Hall reads this thread.......
    Talking about crossovers is what got gmarguli banned.
    I need to stay away from you 2 guys.
    I'm just a stupid non grading collector. I'm probably banned already for posting in this thread.
    Change that we can believe in is that change which is 90% silver.
  • MrEurekaMrEureka Posts: 24,331 ✭✭✭✭✭
    In the distant past, PCGS had the lion's share of the market and did everything to make it difficult for NGC and their customers. Now that the two firms are on a more equal basis, some of these suggestions could actually become reality. (Although it is highly unlikely that the two companies' standards will ever merge.)

    To the above suggestions, I'll add that if both firms had the same size slabs it would make it easier for someone to develop a line of PCGS/NGC slab albums.

    HRH, how about giving some of these ideas a fresh look?
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • CLASSICSCLASSICS Posts: 1,164 ✭✭
    wouldnt that be like letting henry ford become the c.e.o of general motors.image
  • wallstreetmanwallstreetman Posts: 2,938 ✭
    Never rule out a merger, the Govt wouldnt care!
    You can fool man but you can't fool God! He knows why you do what you do!
  • MorganluverMorganluver Posts: 517 ✭✭✭
    Very interesting, a coalition of the unwilling. I'll cogitate on that.
  • AndroidAndroid Posts: 726 ✭
    I've always wondered about the prospect of NGC and PCGS working together. As a business owner myself, I farm out stuff to my competitors periodically, and they do the same. I don't know exactly why PCGS and NGC can't get along, but I have the feeling it is more about personalities. After all, NGC was formed after PCGS for reasons unknown to me, by John Albanese, NGC's founder, who was also one of PCGS's founders. A split between Mr. Hall and Mr. Albanese occured somewhere along the line, and I think it probably wasn't amicable. From the way it seems, it probably STILL isn't amicable, even after all of these years. I wouldn't know, this is just conjecture on my part. The possibilities for the two companies working together for various benefits to collecotrs would be a cool thing, if the principals could kiss and make up. image

    Andy image
    We are finite beings, limited in all our powers, and, hence, our conclusions are not only relative, but they should ever be held subject to correction. Positive assurance is unattainable. The dogmatist is the only one who claims to possess absolute certainty.

    First POTD 9/19/05!!

  • airplanenutairplanenut Posts: 22,243 ✭✭✭✭✭
    To make it less one-sided...

    They could use PCGS' holder which has much less bulk...
    It would enable two sites to handle the stuff... maybe split up what goes where so it could get filtered based on specialties of graders...

    I think a merger would be interesting... most definitely
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • nwcsnwcs Posts: 13,386 ✭✭✭
    It must be a pleasant experience, that of experiencing hypoxia. image
    Blog and Pics
  • braddickbraddick Posts: 24,206 ✭✭✭✭✭
    I think each organization is stronger by being fiercely competitive and protective.

    Pepsi and Coke don't share their secrets and I've yet to see Burger King sell Big Macs inside their stores. They seem to prosper just fine. I see NGC and PCGS "getting together" to share info. I also then see prices for the various Services rise because of it.

    Ever wonder why each and every gas station within a half mile of each other offer gas at about the same price? Yeah, me too.

    -Although I do believe if someone came up with a Slab Container that held ALL the slabs they'de have a winner and money-maker on their hands.
    (Shoot- ANACS and SEGS don't even offer boxes!)

    peacockcoins

  • wallstreetmanwallstreetman Posts: 2,938 ✭
    PNCGS?

    PNGC?

    NCGS?
    You can fool man but you can't fool God! He knows why you do what you do!
  • littlewicherlittlewicher Posts: 1,822 ✭✭
    No, no, no. Competition between companies is good for the consumer.


    For some life lasts a short while, but the memories it holds last forever.
    -Laura Swenson

    In memory of BL, SM, and KG. 16 and forever young, rest in peace.
  • CoinosaurusCoinosaurus Posts: 9,632 ✭✭✭✭✭
    Yeah, but even Pepsi and Coke have all the same size bottles and cans. How come PCGS and NGC can't do that?
    Newman Numismatic Portal, www.NewmanPortal.org
  • ANACONDAANACONDA Posts: 4,692 ✭
    Some cooperation doesn't mean a total elimination of competition.

  • ahah Posts: 161 ✭✭✭
    Constant stirring is what I say.
  • kieferscoinskieferscoins Posts: 10,017 ✭
    "PCGS could let NGC use PCGS's numbering system...a brilliant idea i suppose of David Hall's and one that NGC could benefit by using and which we all could benefit from having a uniform system of."

    Most NGC numbers just have a 1 added to the PCGS number.

    Cameron Kiefer
  • gsaguygsaguy Posts: 2,425 ✭
    Very interesting ideas, I'll ruminate while Morganluver cogitates.image

    But seriously, NGC was the best thing that ever happened to PCGS. Without NGC there would be no need to crackout PCGS coins to see how they'd do at NGC, to get cracked out of their NGC holders to see how they'd do at PCGS. You get the picture.

    GSAGUY
    image
  • BillJonesBillJones Posts: 34,317 ✭✭✭✭✭
    It's a great idea in some ways, but it won't happen.

    Still if PCGS and NGC were to get in bed with each other, it might not work out well for the consumer. Cartels never work to the advantage of customers, only to the advantage of those who control them. Overall my guess would be that we would see a losening of grading standards.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • michaelmichael Posts: 9,524 ✭✭
    lol LOL never happen not on this earth

    worse than it is currently be careful what you wish for you might get it....................lol

    think about it..........................

    what is going on now with pcgs/ngc is some sort of metamorphsis that only time will tell how it will effect the coin game and who will ultimately be the winners and overall losers............lol

    most will lose and some will get rich such has been the coin game

    sincerely michael
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    agree with michael, competition keeps an industry healthy, monopoly ruins it.

    Liberty: Parent of Science & Industry

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