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Coin World "ANA to license 3rd party graders"

BigernBigern Posts: 161
in U.S. Coin Forum
In the latest edition of CW there is a very interesting article where the ANA wants to license coin graders. Now the way I understand it is the ANA says that NGC is the "official coin grader of the hobby" first where did this come from it looks like NGC is in bed with ANA? Where does this leave PCGS? This is not going to stop the differences in grades given to coins as they say it will, it will only alienate the hobby even more. Anybody else have a different opinion?image

Comments

  • jbstevenjbsteven Posts: 6,178 ✭
    I am all for it! Get the scum out of the 3rd party grading service business. long live PCGS, NGC, Anacs and SEGS!
  • airplanenutairplanenut Posts: 22,245 ✭✭✭✭✭


    << <i>Now the way I understand it is the ANA says that NGC is the "official coin grader of the hobby" first where did this come from it looks like NGC is in bed with ANA? Where does this leave PCGS? >>

    That's because NGC is the ANA's grading service- therefore, they are the official ANA graders.

    Jeremy
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • nwcsnwcs Posts: 13,386 ✭✭✭
    They're going to do the dance between having an official grading service and having the "ana seal of approval" on grading services is what that sounds like. Interesting...
    Blog and Pics
  • vam44vam44 Posts: 291 ✭
    Sounds like they`re gonna let the fox guard the henhouse.image
    A dealer once asked me if I noticed any three-legged buffalos on the bourse,to which I replied,"...no,but I saw alot of two-legged jackasses..."
  • PTVETTERPTVETTER Posts: 5,982 ✭✭✭✭✭
    I see it two ways.
    ! ANA gets more money by selling license.
    or. you must complete the ANA grading course (more money for ANA)

    Please send any extra money soon I need itimage
    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


  • DAMDAM Posts: 2,410 ✭✭
    ...the ANA says that NGC is the "official coin grader of the hobby" first where did this come from...

    If memory serves me, NGC paid something like $250,000 for the rights. I believe it's for 5 years too. I could be wrong on both counts. Someone please correct me if I'm wrong.


    Perhaps licensing grading services is an attempt to try to standardize the industry too. Grading is subjective, except when it's determined by company policy... IMO.
    Dan
  • vam44vam44 Posts: 291 ✭
    It`s all about the money.image

    If the ama was concerned with the second -tier grading operations, they would`ve done something a long time ago.
    A dealer once asked me if I noticed any three-legged buffalos on the bourse,to which I replied,"...no,but I saw alot of two-legged jackasses..."
  • GDJMSPGDJMSP Posts: 799 ✭
    Maybe it is the concern that has been being voiced by collectors that is causing them to do something - finally.
    knowledge ........ share it
  • michaelmichael Posts: 9,524 ✭✭
    nothing is perfect

    but for this ME LIKES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    sincerely michael
  • michaelmichael Posts: 9,524 ✭✭
    and of course in the up and coming uncertain future i might change my mind!..........lol

    but so far so good with this licenseing thing

    sincerely michael

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