Why do people try and cross their coins to PCGS?

mbbiker

I see all these people complaining about thier coins that didn't cross to PCGS and i ask why do you even try? Is it for the registry set, if so why not join the NGC reg. set it allows both PCGS and NGC. Is it because PCGS coins sell for more, most people i know buy the coin not the slab so it doesn't matter what the plastic says. Is it because PCGS plastic looks better, why not send to SEGS or ICG they have clear plastic too and Segs even has the top label. So i ask why do people spend money on crossing when they could use that money to buy more coins?

LucyBop

for me it is the Regsitry set, I don't want to join the NGC registry with my PCGs coins, although, I may join and just use NGC Frankies.

EVillageProwler

Brad,

People will do what people will do... My take on this? Shrug.

Regards,

EVP

LucyBop

shrug

Coppernicus

mbbiker - I think you hit it - it's $$. Just do a search on completed ebay auctions on your favorite series/date/mm, whatever, and look at the average difference in the hammer price. PCGS slab sell for for, all else equal (ceteris paribus for you Latin /econonmics fans, MORE!

I don't think that that should be an overriding consideration, but I think a lot of people do. Personally, I try to buy the coin and not the slab but if I'm shopping ebay and both the NGC and PCGS scans are good, I'll tend to go for the PCGS. (Been disappointed a few times but not seriously so!) And I've NEVER SOLD A COIN (sorry for yelling...) BUT, if I do someday decide to sell some of my duplicates or victims of upgrades, on balance I'd rather be selling a PCGS than any other slab. (again ceteris paribus).

Just MHO.

wallstreetman

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dorkkarl

<< <i>Why do people try and cross their coins to PCGS? >>

the question makes no sense. people do not try to cross their coins to pcgs, they try to cross their SLABS to pcgs.

K S

izzy452

I agree, its the money factor. I've seen many coins in other slabs that look as good and even better than in a pcgs holder. Taking into consideration the same coin type and grade.

Walt

Buy the coin not the slab.

AbesNeighbor

I don't cross...I just buy PCGS coins....I've seen enough to know that they do the best job, though conservative, of grading what I buy. NGC likewise does an excellent job, and I have seen some SEG examples that are good. But, overall, give me PCGS....Any job openings Homerun?

I guess its also like cars or anything else. You get used to a brand that you like and stick with it.

Dan

Gilbert

In my case, I simply prefer the PCGS Numiscap. I have sold more raw coins than slabbed, and when I have sold them, it wasn't to make a profit.

In the past, I have purchased coins outside of my primary interest. Most times, it was because what I wanted was unavailable, or not to my liking. Why purchase you say. Well, it's a peculiarity of mine. Since I am a variety hunter, I usually take up a dealer's time, and, I feel an obligation to at least make some purchase -- sort of a quid pro quo, in hopes that said dealer will not object when I want to peruse his or her inventory.

Anyway, those obligatory coins are the ones I usually part with. I don't think I am the only collector who uses PCGS simply out of preference. It ISN'T always about money.

Draco

Two reasons for me: Registry sets come first. The second reason would be that if your going to put a coin in a slab, PCGS has the best looking one out of the top three. Personally, I do not place any additional value on PCGS coins because I don't sell.

BillJones

1. Some people think coins are worth more in PCGS holders. The truth is the coins sell themselves at least in the classic series where I collect and sell the most coins.

2. Some people want their collections to look uniform. They want all the coins in the same brand of holders, sometimes even in holders with the same color labels.

3. Registry requirements.

Fairlaneman

Coins probably do sell themselves at a Show or Dealers Shop but when a coin is sold on Ebay this is just not the case. Semi-Classic coins in other grading services slabs can be had for some very low prices from this venue. A little work must be done to accomplish this but it does happen.

As far as why people try the cross game.......$$$$$ and Registry Sets.

baccaruda

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that's why i try to avoid coins in PCGS slabs. i think the grading at NGC and ANACS and others is on par. why not get the same coin at a discount?

Fairlaneman

Some Series probably, Yes the NGC and ANACS coins are equal. The series I collect this is just not true. Overall PCGS has a higher standard when grading them. Notice I said Higher Standard. I did not say they Graded them better. The standard is higher and I like that.

Ken

eagle7

Both major grading services are a useful tool to make money with if you know how to use the tool. That requires study, effort and patience on your part to learn how to make the tools work for you. There is money to be made from the flow of NGC coins into PCGS coins as well as money to be made from the flow of PCGS coins to NGC coins. Of course the most money is made by both PCGS and NGC who smile all the way to the bank. But if they make me money, who cares?

wallstreetman

baccaruda,

If they were on par the price would be comparable! People can say what they want but the $ tell the story!

MacCoin

I did know NCG registry would allow pcgs coins

baccaruda

If they were on par the price would be comparable!

ahh - attacking my economics side i see. PCGS would command higher prices if:

1. Their standards were higher.

2. There is a pre-conceived notion that PCGS's standards are higher.

3. Miscellaneous non-coin attributes such as holder type, size, turnaround time, customer service etc.


Focusing on #2. From the coins I have that are in holders I would say ANACS is the toughest grader, yet they're considered below PCGS and NGC - so I'll always look for ANACS first. Pro-PCGS statements are abundant and I think it shows in their prices. Everytime someone makes a positive statement about PCGS, whether founded or not, their credibility rises in the market. So you're paying into hype somewhat, but the coins are the same.


I compare it to a story I saw on the news a long time ago. Starkist tuna was buying cans of generic tuna and simply putting their own label over the generic label. This was perfectly legal, and some were complaining about the justification for the higher price.

Starkist didn't need to justify a higher price - people were paying for their name without a notion of the quality

fivecents

I totally agree with Coppernicus & Wallstreetman. I think they are right on the money(pun intented).

Paul