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Will PCGS allow other slabbed coins for the Registry?

MORGANHUNTER2MORGANHUNTER2 Posts: 4,473 ✭
in U.S. Coin Forum
I remember getting the email back awhile ago with all the questions from Ron in regards to what services and the like we wanted to see, but have not seen nor heard anything new.

How would you feel about being able to add- say a NGC top pop coin into your PCGS set but wanting to leave it in the NGC holder- at grade assigned or with the comment from the house stating a yay or nay on the assigned grade and a reson why?

Remember- grading is not scientific(yet), it is an opinion of ones thought of the subject at hand.

I would in my opinion- like to see this for those with quality coins-ie- a 7 or better- not the bullion crap- strictly in what I consider the classics from beginning to say 1964 (true sliver end date).

This is just a thinking out loud thought.

Comments

  • 291fifth291fifth Posts: 24,420 ✭✭✭✭✭
    While I'm not a fan of registry sets I can't see any advantage to PCGS of allowing non-PCGS coins in. It would be like saying that the other grading services adhered to PCGS grading standards.
    All glory is fleeting.
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    Nope, presently they don't. This is an example of the marketing machine I mentioned earlier and how powerful it has become in shaping collector behavior.

  • TreemanTreeman Posts: 418 ✭✭✭
    I like the NGC Registry better, for the simple fact that they allow coins from either service. I believe that this shows some respect for the other service, and the reality that there is really no difference in the opinion of Professional graders. Of course, there are exceptions, and human error (judgement), but, overall, both services see the coins for what they are.
  • BAJJERFANBAJJERFAN Posts: 31,108 ✭✭✭✭✭
    It sounds like IF they would that they would have see it and opine on it first and of course that would be at YOUR expense.
    theknowitalltroll;
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>It sounds like IF they would that they would have see it and opine on it first and of course that would be at YOUR expense. >>

    Yep. Whereas NGC currently takes PCGS coins sight-unseen, the PCGS trial balloon would allow non-PCGS coins to be in the PCGS registry, but only sight-seen after PCGS issued its own grade opinion which they could tie to the other TPG's cert number. They might look at an NGC 64 and decide it was only good as a 63 for their registry, for example.
  • GrivGriv Posts: 2,804 ✭


    << <i>I like the NGC Registry better, for the simple fact that they allow coins from either service. I believe that this shows some respect for the other service, and the reality that there is really no difference in the opinion of Professional graders. Of course, there are exceptions, and human error (judgement), but, overall, both services see the coins for what they are. >>


    When it comes to grading bullion coins, NGC is almost always a grade higher than PCGS but more on an equal footing with the classics. IMO
  • MORGANHUNTER2MORGANHUNTER2 Posts: 4,473 ✭


    << <i>

    << <i>It sounds like IF they would that they would have see it and opine on it first and of course that would be at YOUR expense. >>

    Yep. Whereas NGC currently takes PCGS coins sight-unseen, the PCGS trial balloon would allow non-PCGS coins to be in the PCGS registry, but only sight-seen after PCGS issued its own grade opinion which they could tie to the other TPG's cert number. They might look at an NGC 64 and decide it was only good as a 63 for their registry, for example. >>



    i was under the impression that those in holders ie-PCGS and NGC were considered good as sight unseen?

    And I don't feel this would be a problem- but the mere fact would be that the coin represented must be sent to PCGS- they review for a fee, and then tell you - nope not a 64- we think its a 3 or a 2- thus the opine has now given it a (major) downgrade.

    What if the coin in question is a low mintage- low pop for the grade? Do you crack it and then submit?

    But lets take it a step further- say the coin is accurate in grade and appearance (we all like pretty coins)- what then holds you back from not asking to have it holdered as such? Other than another fee.

    Seems to me- the whole thing revolves around A FEE.

    just my thought.
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>Seems to me- the whole thing revolves around A FEE. >>

    No question about it.
  • 19Lyds19Lyds Posts: 26,491 ✭✭✭✭
    First off, the scenario of sending a TPG coin to PCGS to validate the grade is a bit silly since this would be the same as a crossover so why not just slab it while they're at it? We are toalking Top Pop NGC coins right? The mailing expense, registered, along with the insurance required would certainly preclude the $30 crossover fees.

    Second off, the primary reason the PCGS registry is so unique is that they DO NOT allow other TPG slabs into their registry. Each cert number is unique and is tracked back to the population reports that PCGS has already validated. The only errant figures are those PCGS coins that have been cracked out of the slabs for whatever reason.

    Third off, NGC grades can be all over the place which is typical of any TPG including PCGS. That NGC top pop which is so prized as an NGC slab may not be viewed the same by the PCGS graders. NGC doesn't seem to really care what gets thrown into their registries either via database validation or slab type so what value do those registries really have?

    It seems to me that the PCGS registries were started as a method to showcase a collector's PCGS slabbed coins. That has evolved into getting a registry pedigree where your set and the coins in it can actually have your name associated with them. For a cost, they can be reslabbed with that pedigree name. I think it would be sweet to have one of my coins sold in say 100 years as a coin owned by that world renowned collector 19Lyds! image

    So, in a nutshell, I think that if PCGS were to begin allowing other TPG slabs into their registries, it would seriously devalue the PCGS Set Registry. Imagine the uproar if someone managed to get a counterfeit coin in their registry set and it just happened to push you down a couple of slots in the list?
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    The name is LEE!
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    People seem to be a bit confused on this issue - they were discussing allowing coins that won't cross to be entered at a PCGS assigned grade. The assigned grade might be lower than the grade on the holder and would be to PCGS standards.

    What's not to like?
    Early Dollar Set
  • blu62vetteblu62vette Posts: 11,931 ✭✭✭✭✭
    I wish you could enter other TPG slabs in the registry for inventory reasons. I like the features on the PCGS site and wish I could add the NGC coins just so I can see them all. I wouldnt care if it counted towards registry points. I know I can add them all at NGC but I like the PCGS sets better.
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • NHSBaseballNHSBaseball Posts: 2,470 ✭
    I just took a hit from AU-58 to AU-50 on a half dime I cracked out of its NGC holder and submitted to PCGS. The reason I did it was that I truly thought the coin would go at least AU-55 at PCGS, and for some compulsive reason want my half dimes in PCGS slabs. My registry set is very modest and definitely a work in progress compared to Barndog's and Cladiator's sets, but I would still hate to be passed by with higher graded coins in NGC slabs. I guess I've "drunk the Kool-Aid" to some extent, but I'd still rather feel confident that my coins have been graded by the toughest standards in the industry, even if in the short run it costs me money/resale value.
    Plus I'm paying to learn to accurately grade these things. The down side to my last submission was that 3 of the 6 coins I submitted got lower grades than I hoped for. The up side is that 6 of my 7 coins got slabbed, and the one that did not I pretty much knew was a long-shot. This may sound like a very basic accomplishment to most of you, but in the past my BB rate was around 50%.image
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  • ziggy29ziggy29 Posts: 18,668 ✭✭✭


    << <i>and for some compulsive reason want my half dimes in PCGS slabs. >>

    Once again, I reference marketing genius here. Many advertisers and marketers would kill for this kind of brand loyalty, especially when they are able to invent new markets time and time again and have the people emptying their wallets, coming back for more.
  • BAJJERFANBAJJERFAN Posts: 31,108 ✭✭✭✭✭
    theknowitalltroll;
  • dizzleccdizzlecc Posts: 1,113 ✭✭✭

    If you want to have both TPG's in your set then you can accomplish this on the other side.

    I don't mind that PCGS only accepts coins certified by them. You know the rules so play by them.

    Although, I will say that I have a hard time justifying spending the dough to cross a coin simply to have it in a registry set.

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