What advantages are there to slabbing better coins in NTC slabs?

Geoman

Visited a local coin shop while out of town recently. The owner showed me several nice looking Standing Liberty quarters in NTC slabs. He mentioned that he is in the process of buying this really nice complete and uncirculated set of SLQ. He said he had gotten the first several back from being slabbed, and asked if I was interested in seeing them. Of course I said sure.

Brings them out, and they are better date SLQ in NTC slabs! AAUGGGGHH!! Why would he do that?!?

My first thought was something is wrong with the coins - either cleaned or altered dates, etc. My thought process always has been if there is nothing wrong with the coin, you won't send them to a lower-tier grading service. However, after talking to others about this, one mentioned that maybe nothing were wrong with the coins, rather the dealer was just trying to "maximize" his profits. He explained by sending them to NTC in this case, he would probably get higher grades than at PCGS. And higher grades could sell for more money to the un-informed collector. Never thought about it that way.

So, what other reasons would someone send nicer quality coins to a bottom tier grading service?

Steve27

You covered it, generally speaking more problem coins get into lower-tier TPG company slabs, and they will generally get higher grades.

Barry

What advantages are there to slabbing better coins in NTC slabs?

None. Did you ask the dealer why he sent them to NTC?

tjkillian

So, the dealer is trying to sell the coins at a higher grade then PCGS would give them. That means the coins are overgraded by PCGS standards. By how much? This would mean that we are back to the era of raw coins in that you will have to grade the coins yourself. Basically, the dealer is trying to take advantage of the uniformed collector since the coins will have a proported value then they really are, according to PCGS standards.

Next, there is a greater likelyhood that problems will be "missed" by NTC and sold as problem-free. I am not aware of any grade guarantee that NTC makes, so you will be left on your own once you own the coins.

This is one dealer I would avoid. Clearly he is trying to decieve the unknowning buyers.

Tom

IrishMike

Very simple, a way to sell overgraded coins at inflated prices.

fc

buyer beware

DennisH

From a seller's perspective, it means gravy.

From a buyer's perspective, it means road apples.

Coinhusker1

<< <i>So, what other reasons would someone send nicer quality coins to a bottom tier grading service? >>



None. You answered your question -- the dealer want to screw the less informed collector into paying above market value for the coins.

Gemineye

Maybe the dealer can't grade his own coins or has no conception of grading or selling to a new collector a TPG certified coin is the way to go ............
Covering all the bases here....................

sinin1

1) 1-2 higher points
2) faster turnaround
3) lower submission fees
4) occasional problem coin holdered



are advantages to seller that has good coins but not great coins

especially when we talk differences of MS65 versus MS67

crito

Don't believe the PCGS message board hype, check prices on ebay. Say NTC MS67 sells for $100 vs. PCGS MS65 that sells for $100. Only difference is one guy paid PCGS $30 to grade a $100 coin (and he probably thinks he's a genius too) and other guy paid NTC $6 to grade a $100 coin.

UncleWiggly

That's simply to answer. The dealer is some sort of GEEK. And when you see him/her next please tell them I said so.



Jerry

Bochiman

<< <i>Visited a local coin shop while out of town recently. The owner showed me several nice looking Standing Liberty quarters in NTC slabs. He mentioned that he is in the process of buying this really nice complete and uncirculated set of SLQ. He said he had gotten the first several back from being slabbed, and asked if I was interested in seeing them. Of course I said sure.

Brings them out, and they are better date SLQ in NTC slabs! AAUGGGGHH!! Why would he do that?!?

My first thought was something is wrong with the coins - either cleaned or altered dates, etc. My thought process always has been if there is nothing wrong with the coin, you won't send them to a lower-tier grading service. However, after talking to others about this, one mentioned that maybe nothing were wrong with the coins, rather the dealer was just trying to "maximize" his profits. He explained by sending them to NTC in this case, he would probably get higher grades than at PCGS. And higher grades could sell for more money to the un-informed collector. Never thought about it that way.

So, what other reasons would someone send nicer quality coins to a bottom tier grading service? >>




No other reason sometimes.....I was at a dealer's table 2 years ago and heard the same thing....customer had sent to NGC, got lower grades than wanted (he didn't deny the grade) and was going to send to NTC so he could get higher grades. He knew he would get higher grades from NTC. I just shook my head.

coinbuf

<<Don't believe the PCGS message board hype, check prices on ebay. Say NTC MS67 sells for $100 vs. PCGS MS65 that sells for $100. Only difference is one guy paid PCGS $30 to grade a $100 coin (and he probably thinks he's a genius too) and other guy paid NTC $6 to grade a $100 coin.>>

There is some truth to this statement and as long as the seller states that he would grade the coin as a 65 when he sells it, no problem. Unfortunatly as others have said many bottem tier slabbers will holder cleaned and abused coins without noting it. IMO I would be very wariy and or avoid this seller altogether.

Chris

BigE

Maybe the dealer doesn't have a full head --------BigE

shirohniichan

As long as you know the series in question, it is an opportunity for you to get some nice coins. Michael Dixon tells a story about how he got a PCI "AU58" 20 cent piece that came back PF63 from PCGS.

They may tunr out to be overgraded, but they may turn out to be undergraded. Buy the coin, not the holder.

braddick

Sometimes it isn't so much greed as it is slight laziness. I know, at times, I've gathered a bunch of coins I'm not sure what to do with and have sent them to PCI. The invoice is painless to fill out. The submission is handled quickly and returned in a holder- whether there's a problem with the coin or not.

Sending to PCGS and NGC are a bit of a chore and time consuming.

OKbustchaser

<< <i>

There is some truth to this statement and as long as the seller states that he would grade the coin as a 65 when he sells it, no problem. Unfortunatly as others have said many bottem tier slabbers will holder cleaned and abused coins without noting it. IMO I would be very wariy and or avoid this seller altogether.

Chris >>



Of course, PCGS or NGC would NEVER holder a cleaned or abused coin.

1BigMo

Since you're talking about TPGs.
Is there a list of them and how they rank as to reputation?

I see all kinds of TPGs on ebay and have know idea as
to how much a coin is concidered to be over graded by each
as a rule of thumb.

Thanks for any info

Tony

michael

Title: What advantages are there to slabbing better coins in NTC slabs?


well one that comes to mind for me is that you can get practise/experience cracking it ( coins) out of their holders(slabs)

LincolnCentMan

I like the slab.

The grading is generally two points too high (in my opinion.) There are a few gems to be found in NTC holders, though. I've upgraded two cents from NTC MS65RD to PCGS MS66RD. Those are the only two I've found that I thought would upgrade.

David