PGS grading company

gyocomgd

A guy at a coin show on Sunday had perhaps 15 coins in PGS slabs. I'd never heard of this company, not that I know them all anyway. But he claims they are the best grading outfit out there and had the goods to back it up--a bunch of ANACS and NGC slips of coins he'd broken out of those holders and sent to PGS. In every case the coins crossed exactly or were one grade lower.
The question is, why would he break anything out of ANACS or NGC holders? He said PGS is very inexpensive, very fast, and is not a "hot-house" outfit that sees too many coins every day. He said PGS is a great litmus test to see if a coin will pass muster at PCGS, and further, he sometimes breaks the coins out of the PGS holders as many buyers like quality coins raw.
Anyway, was this fellow spot on or out to lunch?

ziggy29

"PGS" and most of the other alphabet-soup "services" -- which are often nothing more than an individual with a printer and some Coin World holders -- are little more than thinly-disguised attempts by some sellers to capitalize on the goodwill and trust earned by PCGS, NGC and others to ripoff unsuspecting newbies by using similar names.

pharmer

Coin World holders have the CW logo in the bottom left corner, you can buy them and put whatever you want in them, coin and label. Did you note if they were this type of holder? They are availble in coin shops, the net, etc.

Russ

<< <i>But he claims they are the best grading outfit out there >>







<< <i>He said PGS is a great litmus test to see if a coin will pass muster at PCGS >>





Obviously this dealer moonlights doing standup.

Russ, NCNE

nwcs

Pushkin must be upset that this guy has taken the acronym.

gyocomgd

<< <i>Coin World holders have the CW logo in the bottom left corner, you can buy them and put whatever you want in them, coin and label. Did you note if they were this type of holder? They are availble in coin shops, the net, etc. >>



No, they weren't cw holders. The slabs weren't of pcgs.ngs/anacs quality. A little thinner and lighter, didn't quite have that plexiglass-like heft. But they were OK.

Conder101

There have been four different companies using PGS, Pushkin Grading Service, Premier Grading Service, Prestige Grading Service, and Professional Grading Service. Pushkin's service was a deliberate joke and he used Coin World shells. Prestige has used Capital Plastic and Coin World shells. Premier uses a large heavy but soft plastic shell. Professional uses a lightweight polystyrene type shell. Professional has been around for at least a couple years as a sportscard grading service that recently expanded into the grading of coins. It is the most serious service of the four.

relayer

PGS is just like PCGS

(without the C though)