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I have got to know

After being here for over a year and posting more than 1000 posts, I have got to know the answer to these questions...

1. If we agree that PCGS, NGC and ANACS are the top three coin grading services, why are the other ones still used by legitimate dealers and collectors?

2. If there is no good reason (such as net grading or VAM labeling) to use ANACS, why is ANACS used by legitimate dealers and collectors?

3. If you are going to cross from a lower quality slab, why not go to PCGS (instead of NGC)?

Comments

  • RussRuss Posts: 48,514 ✭✭✭


    << <i>1. If we agree that PCGS, NGC and ANACS are the top three coin grading services, why are the other ones still used by legitimate dealers and collectors? >>



    How many legitimate dealers use slabbers like PCI, NTC and their ilk? There's really only one reason to use those services - to get higher grades or get problem coins in to holders. As for collectors, maybe some just don't know any better.



    << <i>2. If there is no good reason (such as net grading or VAM labeling) to use ANACS, why is ANACS used by legitimate dealers and collectors? >>



    ANACS is a good service and, frankly, is pretty conservative with some coins and series of coins. Some even prefer their holders.



    << <i>3. If you are going to cross from a lower quality slab, why not go to PCGS (instead of NGC)? >>



    For one thing, turnaround is about twice as fast at NGC.

    Russ, NCNE
  • UncleJoeUncleJoe Posts: 2,536 ✭✭✭
    1. The other legitimate dealers and collectors must not be aware of WE. image (or maybe they are NOT legitimate)

    2. There apparentely is a good reason and personally I would like to see the reasons and descriptions expanded.

    3. This is a little more complicated. Some think one or the other is better for certain series. Some are concerned with turn-around and customer service etc.

    Joe.
  • Catch22Catch22 Posts: 1,086 ✭✭
    Turnaround times for one thing, prices for another. The other services are cheaper and faster. If you are a dealer selling on ebay for example, your target customer may be someone who isn't very savvy and the presence of a slab would give an appearance of legitimacy...not to mention deniability on the sellers part.

    On the other hand, SEGS for example, does really well on Seated coins because they have a connection with a couple of top Seated dealers and authors on the Seated coins. I wouldn't mind a circulated example of a seated coin in a SEGS slab at all. Still, I'd buy the coin on it's own merits.


    When we are planning for posterity, we ought to remember that virtue is not hereditary.

    Thomas Paine
  • braddickbraddick Posts: 23,974 ✭✭✭✭✭
    Couple Catch22's comments regarding Third World Services with the fact that there are just some silly "coins" the other Services don't want to touch or dare have their logo and trademark wrapped around. Read: They're being snooty.

    Example: image


    peacockcoins

  • I like that minaturized coin in a slab! I have one but it is raw image

    ICG slabs ancient coins, the last time I looked PCGS and NGC didn't do that.

  • LAWMANLAWMAN Posts: 1,274 ✭✭
    BUY THE COIN NOT THE PLASTIC.
    DSW
  • airplanenutairplanenut Posts: 22,149 ✭✭✭✭✭
    Also, don't forget ANACS does 5-day service for $15... for coins with little value difference between holders, you can pay less for the slabbing fee and have the coins back in 1/4 the time--you end up making money.
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research

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