Yet another grading company...

Peaceman

Gem Grading Company

numonebuyer

Give me a break.

earlwbollinger

It's a pretty low cost company, if if exists.
They are using those snap together coin holders along with their own laser printed labels.
Anybody could do this.
It is a nice touch with the custom printed paper stock though.

lava

Looks like a one person outfit that has mastered coin grading as well as card grading.

UncleWiggly

Someone brought this one up a couple weeks ago. I believe they are out of Indiana. And from what was said, they still do some sports cards, but not coins. Jerry

Option1

At the Mid America Show in chicago a company handed out PGS coins "not PCGS" slabbed 2004 nickels. Thought it was nice to name a company so close to the indrustry leader. I sold my coin for $5 when I got back to my shop.
I think they also do sports cards.

dollardude

This reminds me of the internet bubble of the late 1990s. There were WAY too many internet startup companies back then all doing the same things. After the stock market correction of the early 2000s, most of them went out of business, and a lot of IT folks were forced to do something else for a living. We have WAY too many TPGs, and, IMO, we really only need two: PCGS and ANACS (for problem coins). NGC exactly copied PCGS' original idea back in 1986, so we don't even need NGC. NGC is simply carbon copies everything PCGS does, and has paid off the ANA (outbidding PCGS) to become the "official" grading company (also PNG).

Option1

I agree but the different companies keep each other in check. And the free market helps keep the price down.

Conder101

<< <i>At the Mid America Show in chicago a company handed out PGS coins "not PCGS" slabbed 2004 nickels. Thought it was nice to name a company so close to the indrustry leader. I sold my coin for $5 when I got back to my shop. >>


I heard about that. There were a couple of sample slab collectors there who tried to buy some of them but they couldn't get any of the dealers to sell theirs. I wasn't there or I would have been trying to buy some of them myself. (I believe I may have PGS listed in my notes but I have not seen any sample slabs from them yet.)

GEM was discussed here on the forum back on June 29th or 30th.

RotatedRainbows

<< <i> We have WAY too many TPGs, and, IMO, we really only need two: PCGS and ANACS (for problem coins). NGC exactly copied PCGS' original idea back in 1986, so we don't even need NGC. NGC is simply carbon copies everything PCGS does, and has paid off the ANA (outbidding PCGS) to become the "official" grading company (also PNG). >>



If you think NGC copied EVERYTHING PCGS does you know very little about the grading services, NGC is WAY ahead of PCGS when it comes to grading errors and recognizing varieties. PCGS charges a flat fee of $30 for 30 day service on errors as they have subcontracted out their error grading whereas NGC has their own in house error experts and you can send in an error coin using any grading tier including economy. Also NGC recognizes many (if not most) of the varieties that the Redbook,collectors and series experts do (variety books written by top experts) and PCGS only does a fraction of those. Also NGC will grade GSA Morgans in their original government holder another thing PCGS does not do.

Conder101

NGC also preceeded PCGS with the multi-coin holder concept by at least five months.

ccex

I too was unable to buy a single PGS 2004 nickel/sample slab at the MidAmerica show. I guess collecting the plastic is quite the rage now.

The same show had very few coins from self-slabbers, except for one table full of Accugrade slabs with inserts that said "CCC".

I agree that there are too many slabbing companies, but think that we need more than two or three. At minimum, I'd like to see the following stick around. All have their uses:

ANACS (for their certification only service, net grading of problem coins, and for attribution of varieties)

NGC (for their respectable coin-doctoring service and for grading some coins in their government holders)

PCGS (for when we want to sell our coins at top dollar)

ICG (for when we want to say that our coins are a perfect 70)

I'd like to see ONLY one lesser company stick around, so that it is easier for newbies bidding on eBay to determine which coins are being hyped as bargains. If the number of grading services coiuld be limited as such, there would be quite an interesting competition between PCI, NTC, and others as the official basement grading service.