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Opinions on Coin World Editorial on PCGS Set Registries?

moosesrmoosesr Posts: 1,966 ✭✭✭
in U.S. Coin Forum
The editorial is about PCGS not allowing NGC graded coins in the PCGS registry and basically says not allowing this is not an overall good thing for the coin collecting hobby. The article also says that PCGS registry members voted not to allow NGC coins in the PCGS registry.

What do you say?

Comments

  • Bossman88Bossman88 Posts: 638 ✭✭
    PCGS Set Registry = PCGS Certified Coins period
    Nuff said.

    Regards, Larryimage
  • 2manycoins2fewfunds2manycoins2fewfunds Posts: 3,047 ✭✭✭
    Let them cross if they can.
    I do think ER and FS labels should cross.
  • NHSBaseballNHSBaseball Posts: 2,470 ✭
    Considering that in my series (Capped Bust Half Dimes) every single NGC coin I have submitted to PCGS has downgraded except 1 (7 of 8), I would hate to be bumped in my registry by less strictly graded coins. Other series may be different.
    "College men from LSU- went in dumb, come out dumb too..."
    -Randy Newmanimage
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    the PCGS Set Registry should be for PCGS encapsulated coins.
  • DennisHDennisH Posts: 14,015 ✭✭✭✭✭


    << <i>The article also says that PCGS registry members voted not to allow NGC coins in the PCGS registry. >>


    I say Coin World can stick a sock in it. Let them start their own Registry and set whatever rules they like.
    When in doubt, don't.
  • lasvegasteddylasvegasteddy Posts: 10,447 ✭✭✭
    a bunch of whiners trying a back door

    they should be told the same as the front door..."beat it"

    you want things your way then go to burgerking
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • raysrays Posts: 2,424 ✭✭✭✭✭
    I don't recall PCGS asking my "vote" on this question.

    My latest registry set purchase Lot 203, Heritage Long Beach Sept. Sig sale this 1857 large cent, was in an NGC MS65RB holder and now resides in a PCGS MS64RB holder, which accurately reflects its grade. This is why I would not be in favor of allowing NGC coins in the PCGS set registry.
    image.
  • slipgateslipgate Posts: 2,301 ✭✭
    Everyone wants to emulate the one at the top, but the one at the top cannot lower itself to the masses lest it no longer be at the top.

    PCGS registry should only be PCGS encapsulated coins.

    NGC allows PCGS coins. Make sense since they are second, so they include themselves and everyone above them.
    My Registry Sets! PCGS Registry
  • moosesrmoosesr Posts: 1,966 ✭✭✭
    It sounds to me like most people think that PCGS grades to a higher standard than NGC. If that is true, then why wouldn't it make sense to allow NGC and possibly ANACS coins in the PCGS registry but at a reduced point value. After all, part of the reason for the Registry is to allow people to show off their collections.
  • Steve27Steve27 Posts: 13,275 ✭✭✭
    "The article also says that PCGS registry members voted not to allow NGC coins in the PCGS registry."

    Funny, I don't remember voting.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • mercurynutmercurynut Posts: 3,207
    Both PCGS and NGC should only have their graded coins in their registries and not have them mixed.

    CAC registry sets can have both. image
  • PerryHallPerryHall Posts: 47,057 ✭✭✭✭✭
    The Koolaid is really flowing here today. image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • bushmaster8bushmaster8 Posts: 5,616 ✭
    1) The author of the CW piece obviously has a bunch of "inferior" (ie. - will not cross) coins.

    2) The author lost the majority of his credibility with his false statement, 'The price gap between PCGS and NGC coins "has shrunk dramatically".
    "Wars are really ugly! They're dirty
    and they're cold.
    I don't want nobody to shoot me in the foxhole."
    Mary






    Best Franklin Website
  • orevilleoreville Posts: 12,189 ✭✭✭✭✭
    We did have a long heated discussion thread on this topic long ago.

    We did voice our opinion.

    Actually while I voiced in favor of allowing a limited amount of NGC slabbed coins in the PCGS registry set in which the NGC coin would be counted as one less than the PCGS conterpart or at the very least accrue no points in the registry set, the majority of PCGS members did voice their opinion that NGC coins should not be allowed at all.
    A Collectors Universe poster since 1997!
  • wondercoinwondercoin Posts: 17,051 ✭✭✭✭✭
    CW needs to ensure they are CONSISTENT with all of their policies and beliefs. For example, I believe CW, overall, currently prices moderns based upon NGC values, not PCGS. They have elected NOT to also state PCGS actual values along side their current prices. So, if CW believes PCGS Registry should include BOTH NGC and PCGS coins, SHOULDN'T CW's PRICE GUIDE also include both? image

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • moosesrmoosesr Posts: 1,966 ✭✭✭


    << <i>CW needs to ensure they are CONSISTENT with all of their policies and beliefs. >>

    I guess I didn't make myself clear, it wasn't CW that advociated adding NGC coins to the PCGS registry, but a editorial in CW by someone else.
  • wondercoinwondercoin Posts: 17,051 ✭✭✭✭✭
    Thanks for the clarification, but, my point is still that CW should properly set out the price level for BOTH services coins in my view. If a coin in a PCGS holder routinely sells for $6,000 or $7,000 and the same coin in an NGC holder sells for $3,000 -why not reflect both prices (in at least some of the cases)? If the levels are getting closer together, then even more reason to reflect both prices. Just my 2 cents.

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • moosesrmoosesr Posts: 1,966 ✭✭✭
    For the evening crews commentsimage
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭


    << <i>I don't recall PCGS asking my "vote" on this question.

    My latest registry set purchase Lot 203, Heritage Long Beach Sept. Sig sale this 1857 large cent, was in an NGC MS65RB holder and now resides in a PCGS MS64RB holder, which accurately reflects its grade. This is why I would not be in favor of allowing NGC coins in the PCGS set registry.
    image. >>



    Wow, I saw that coin, and seriously considered bidding. Glad to hear it found a good home, and sorry to hear it didn't cross -- but that's a wonderful coin for the issue regardless of what the slab says....Mike
    Collector of Large Cents, US Type, and modern pocket change.
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭
    Back to the OP's question -- I think that PCGS has the right to define its registry however it wants. I will also say that they way that PCGS doesn't allow NGC coins forces me to be much more active on the NGC registry than on the PCGS one, as I don't play the cross/upgrade game and try very hard to buy coins regardless of their holder....Mike
    Collector of Large Cents, US Type, and modern pocket change.
  • FrankcoinsFrankcoins Posts: 4,572 ✭✭✭


    << <i>The editorial is about PCGS not allowing NGC graded coins in the PCGS registry and basically says not allowing this is not an overall good thing for the coin collecting hobby. The article also says that PCGS registry members voted not to allow NGC coins in the PCGS registry.

    What do you say? >>



    All services have their own standards and market prices which make mixing services meaningless. The very idea of registries is a marketing tactic to promote the grading service. Does the classic chevy club allow Fords in the competition?
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • FrankcoinsFrankcoins Posts: 4,572 ✭✭✭


    << <i>Thanks for the clarification, but, my point is still that CW should properly set out the price level for BOTH services >>



    It's not a price list of ANY certification service...simply "properly graded coins"
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • Dog97Dog97 Posts: 7,874 ✭✭✭
    <<<PCGS Set Registry = PCGS Certified Coins period
    Nuff said.

    Regards, Larry >>>

    I concur. When I want to register non-PCGS holders I use NGC's Registry. Works for me!
    Both companies have a gazillion sets, so IMO it's not hurting the hobby much.
    Change that we can believe in is that change which is 90% silver.

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