I say that is more buying the coin and not the holder
No one here can ever dispute that lots of great coins are in NGC holders. There are plenty of them and there are more added to the rolls every day. But if you look at the totality of what has been graded that is something that is beyond dispute. For example why has NGC graded twice as many CBH's in MS65 when compared to PCGS when both have seen about the same number of coins? Hint: it's not because all the truly gem bust halves gravitate to NGC. Rather, it's because all the wannebe's that can't make the other guy's standard were worth more graded 1 pt higher in someone else's holder. CBH's are by no means the only coin demonstrating this situation. In fact I remember spending the better part of an hour flipping between both pop reports trying to find coins where the other guy was legitimately somewhat tougher. I recall that MS66 trade dollars fit that bill....while 65's weren't even close. But in this comparison PCGS in many cases graded up to 50% fewer coins in higher grades (65-67) than the other guy. There were many cases where they were equivalent. But very, very, very few cases where PCGS could be said to be more liberal. But I didn't drink the Koolaid as more than 70% of my own personal coins were not PCGS encapsulated. If I had to do that all over again....yeah, I'd sip more Koolaid than I previously did .
The overall skew across the entire coin spectrum could be 60-40 or 55-45, but there is definitely a skew to the data. And for some specific areas like MS67 Lincolns or Washingtons, that skew might be as great as 80-20 or 90-10 or greater. Depends on the series and grade. I don't doubt that the best foreign coins may reside in other holders. That's fine, esp if the standards are consistently applied across all those world coins. The problem arises when the standards between TPG's start to spread apart. That just invites openings for the uninitiated to our hobby to become formally "initiated."
"A few years back, I crossed a PCI graded coin from PCI to PCGS. I knew the PCI coin graded MS-65 was way overgraded. The seller insisted the coin was an AU-50. Most prospective buyers pegged it as EF-40/45 and did not buy the coin. I knew better; I crossed it to PCGS VG-10 but see below."
A PCI MS-65 crossed to a PCGS VG-10! How could a VG coin ever be mistaken for a MS coin let alone an AU?
<< <i>A PCI MS-65 crossed to a PCGS VG-10! How could a VG coin ever be mistaken for a MS coin let alone an AU? >>
In my view, it was probably a mechanical error.
The strike on the Morgan silver dollar was very strong for a VG-10, the toning was dark yet dazzling and it fooled a lot of people who gave it a much higher circulated grade.
But for PCI to grade it MS-65 was probably a mechanical error that the dealer probably took advantage of.
Comments
No one here can ever dispute that lots of great coins are in NGC holders. There are plenty of them and there are more added to the rolls every day. But if you look at the totality of what has been graded that is something that is beyond dispute. For example why has NGC graded twice as many CBH's in MS65 when compared to PCGS when both have seen about the same number of coins? Hint: it's not because all the truly gem bust halves gravitate to NGC. Rather, it's because all the wannebe's that can't make the other guy's standard were worth more graded 1 pt higher in someone else's holder. CBH's are by no means the only coin demonstrating this situation. In fact I remember spending the better part of an hour flipping between both pop reports trying to find coins where the other guy was legitimately somewhat tougher. I recall that MS66 trade dollars fit that bill....while 65's weren't even close. But in this comparison PCGS in many cases graded up to 50% fewer coins in higher grades (65-67) than the other guy. There were many cases where they were equivalent. But very, very, very few cases where PCGS could be said to be more liberal. But I didn't drink the Koolaid as more than 70% of my own personal coins were not PCGS encapsulated. If I had to do that all over again....yeah, I'd sip more Koolaid than I previously did .
The overall skew across the entire coin spectrum could be 60-40 or 55-45, but there is definitely a skew to the data. And for some specific areas like MS67 Lincolns or Washingtons, that skew might be as great as 80-20 or 90-10 or greater. Depends on the series and grade. I don't doubt that the best foreign coins may reside in other holders. That's fine, esp if the standards are consistently applied across all those world coins. The problem arises when the standards between TPG's start to spread apart. That just invites openings for the uninitiated to our hobby to become formally "initiated."
roadrunner
Experience the World through Numismatics...it's more than you can imagine.
"A few years back, I crossed a PCI graded coin from PCI to PCGS. I knew the PCI coin graded MS-65 was way overgraded. The seller insisted the coin was an AU-50. Most prospective buyers pegged it as EF-40/45 and did not buy the coin. I knew better; I crossed it to PCGS VG-10 but see below."
A PCI MS-65 crossed to a PCGS VG-10! How could a VG coin ever be mistaken for a MS coin let alone an AU?
Yogi Berra
<< <i>A PCI MS-65 crossed to a PCGS VG-10! How could a VG coin ever be mistaken for a MS coin let alone an AU? >>
In my view, it was probably a mechanical error.
The strike on the Morgan silver dollar was very strong for a VG-10, the toning was dark yet dazzling and it fooled a lot of people who gave it a much higher circulated grade.
But for PCI to grade it MS-65 was probably a mechanical error that the dealer probably took advantage of.