I believe that ACG will not be in business much longer, and that NTC will own the garbage market.
Russ
Posts: 48,514 ✭✭✭
Over the last six months, there has been a dramatic change in the number of listings on eBay from these two self-slabbers. Searching the two now has NTC consistently coming up with double the listings of ACG. It wasn't that long ago that NTC was only a blip and ACG dominated the junk end. ACG dealers are jumping ship as fast as they can, and moving over to NTC. A prime example is Centsles.
And, you know what? In my experience, which granted is limited to 1964 proof Kennedys, NTC is worse than ACG. With ACG I never saw an overgrade worse than 3 points. I've seen plenty of NTC coins overgraded by 5 points. Most recent example is a coin holdered by them as PR69 that has massive hairlining in the left obverse field.
The only real difference between these two sleazy outfits is that the principals of NTC are smart enough to keep their mouths shut and not try to threaten and intimidate their critics. ACG is going down not only because they suck, but because the company founders are profoundly stupid.
Russ, NCNE
And, you know what? In my experience, which granted is limited to 1964 proof Kennedys, NTC is worse than ACG. With ACG I never saw an overgrade worse than 3 points. I've seen plenty of NTC coins overgraded by 5 points. Most recent example is a coin holdered by them as PR69 that has massive hairlining in the left obverse field.
The only real difference between these two sleazy outfits is that the principals of NTC are smart enough to keep their mouths shut and not try to threaten and intimidate their critics. ACG is going down not only because they suck, but because the company founders are profoundly stupid.
Russ, NCNE
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Comments
that said, i've seen overgrades of that caliber in EVERY slab. i would agree though that i am more likely to disagree w/ a acg grade than w/ other slabs
K S
<< <i>i've seen overgrades of that caliber in EVERY slab >>
Karl,
The difference is that with real grading companies, we don't see it consistently.
Russ, NCNE
Tom
Joe
Paul
I agree with you. The problem is as long as there is a "sleazeball dealer network," there will be someone stepping up to the plate to provide the overgraded coins for them. Another part of the problem is many collectors, including the majority that responded to a survey a few weeks ago, have no qualms about supporting these dealers, if the right coin came along.
peacockcoins
Tyler
That's not the grade.....its what they used to clean it with.
<< <i>Pat, That's not the grade.....its what they used to clean it with.
!!!
peacockcoins
I've purchased some Morgans that are fabulous. Definitely make the grade or slip by only 1 point. With the DEEP discount for the holder, they are real bargains.
Plenty of people out there that say they grade coins dated prior to 1930 very well. In some series, I definitely agree. The same people say they grade Moderns for crap, but who cares? Look for the bargains in the earlier series.
i recently saw a pcgs-slabed chalmers token that was overgraded by 35 points, imo, so it can defintely happen to anyone. actually, i believe that pcgs consistently overgrades colonials by at least 3 points, probably 5 points.
however, i agree w/ you russ, regarding "consistency" in terms of what's typically collected.
K s
Oh yeah...I agree with Russ.
Cheers,
Bob