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NGC now has Details Grading.. so will PCGS follow?

Halfhunter06Halfhunter06 Posts: 1,332 ✭✭✭
in U.S. Coin Forum
The competition has now put in another chip, so is it a good idea for PCGS to follow and also detail grade coins?

Comments

  • commoncents05commoncents05 Posts: 10,094 ✭✭✭
    I think this puts PCGS at a competitive disadvantage and I wouldn't be surprised to see PCGS follow suit.

    -Paul
    Many Quality coins for sale at http://www.CommonCentsRareCoins.com
  • jdillanejdillane Posts: 2,365 ✭✭✭
    I do not think PCGS will follow. NGC screwed customers for many moons by inviting resubmissions to NCS after they rejected submissions to their service. When it comes to US coins, and with very few exceptions, PCGS is the clear leader. I may be biased but NGC can go pound sand. Heck, NGC may get some converts but will likely lose revenue.

  • DennisHDennisH Posts: 14,009 ✭✭✭✭✭
    I hope PCGS doesn't. I also think NGC has made a mistake.
    When in doubt, don't.
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    just as it wasn't a bad idea for NGC to do what they're doing, it probably won't be a bad idea for PCGS to not do the same.
  • RedTigerRedTiger Posts: 5,608 ✭
    NGC has a lot of initiatives that PCGS has not chosen to duplicate:
    1) Multiple coins in a single holder
    2) Banding for GSA holders instead of cracking them
    3) Certifying Medals such as So-called-dollars, and Civil War and Hard Times tokens
    4) Star designation for extra eye appeal
    5) Allowing other companies' slabs in their registry sets

    So I would be surprised if PCGS decides to be a follower.
    Investment blog: gold, stocks and more
  • YaHaYaHa Posts: 4,220 ✭
    I am waiting for SEGS to return.. I loved those 70's..
  • BigAlBigAl Posts: 1,214 ✭✭✭
    It took PCGS 20 years just to authenticate coins as Genuine....

    You're now expecting PCGS to net grade?????

    dream on brother,
  • PerryHallPerryHall Posts: 46,625 ✭✭✭✭✭
    I'd be happy if PCGS would just state the coin's problem on the slab label.

    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

  • silvergoldnutsilvergoldnut Posts: 456 ✭✭


    << <i>I'd be happy if PCGS would just state the coin's problem on the slab label. >>



    i agree, i'm tired of trying to remember all those codes......
  • commoncents123commoncents123 Posts: 2,648 ✭


    << <i>I'd be happy if PCGS would just state the coin's problem on the slab label. >>



    I agree, net grading is not needed, but this would be nice.
  • abitofthisabitofthatabitofthisabitofthat Posts: 2,142 ✭✭✭
    I don't think PCGS will follw suit. I do think that this will hurt any chance that fledgling DGS had of gaining a foothold. They seemed to get a lot of problem coins due to the fact that they expressed a detail grade, along with noting the problem. With NGC, ANACS, and DGS offering details grades, and PCGS remaining 'pure', I think that it makes their (PCGS's) brand even stronger.

    edited for spelling

    merse

  • JZraritiesJZrarities Posts: 2,583 ✭✭✭
    Details grade and PRONGS too?

    No Thanks.
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    PCGS was a little ahead of the curve by putting previously BB'd coins in "Genuine" holders, I don't see it as much of a step out if they decided to put a net grade on the holder, but I also don't think it's a big deal. I believe this was just NGC's answer to the Genuine holder. Several people I know were switching to PCGS because instead of a BB they would get a coin back in some kind of holder, and NGC just wants to make sure they have something to offer those people.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • PerryHallPerryHall Posts: 46,625 ✭✭✭✭✭


    << <i>With NGC, ANACS, and DGS offering details grades, and PCGS remaining 'pure'....... >>



    How is slabbing problem coins without stating the problem on the label being pure? I think it's anything but pure.

    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

  • lcoopielcoopie Posts: 8,873 ✭✭✭✭✭
    they should
    LCoopie = Les
  • RyGuyRyGuy Posts: 1,462 ✭✭✭


    << <i>With NGC, ANACS, and DGS offering details grades, and PCGS remaining 'pure', I think that it makes their (PCGS's) brand even stronger. >>



    This makes no sense at all. If anything, it is taking away from PCGS's current market share of housing problem coins. I don't buy any problematic coins, but for those that do, I'm sure they would like it spelled out for them as to what's wrong with a coin instead of memorizing number codes. The addition of a net grade is icing on the cake as well.
  • leothelyonleothelyon Posts: 8,475 ✭✭✭✭✭
    With all the junk coins everyone elects not to send to PCGS but to them, what choice did they have? This will likely be their only source for submissions until the economy picks up.


    Leo image

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • PerryHallPerryHall Posts: 46,625 ✭✭✭✭✭


    << <i>

    << <i>With NGC, ANACS, and DGS offering details grades, and PCGS remaining 'pure', I think that it makes their (PCGS's) brand even stronger. >>



    This makes no sense at all. If anything, it is taking away from PCGS's current market share of housing problem coins. I don't buy any problematic coins, but for those that do, I'm sure they would like it spelled out for them as to what's wrong with a coin instead of memorizing number codes. The addition of a net grade is icing on the cake as well. >>



    Actually, by not stating the problem on the label, it makes it easier for a dealer to sell a problem coin to a new collector without mentioning the problem. Also, there are a few collectors that want to own a problem coin without the problem being stated on the label so that they can pretend it's a problem free coin. I guess they are in denial.


    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

  • keetskeets Posts: 25,351 ✭✭✭✭✭
    how is slabbing problem coins without stating the problem on the label being pure? I think it's anything but pure

    i think this is sort of a straw arguement since PCGS clearly puts the problem on the label in the form of a code, but you already know that. insisting that PCGS set aside a code and list the wording ala ANACS is sort of petty and unreasonably excuses people who insist on being lazy. from my lofty perch, if someone is unwilling to educate themselves about what the information is on a slab label they should probably stick to raw coins.

    after all, this is the information age, right??image
  • coinkatcoinkat Posts: 23,657 ✭✭✭✭✭
    No

    the genuine thing is enough

    Experience the World through Numismatics...it's more than you can imagine.

  • dorkkarldorkkarl Posts: 12,691 ✭✭✭


    << <i>I think this puts PCGS at a competitive disadvantage and I wouldn't be surprised to see PCGS follow suit. >>

    agree 762%

    K S
  • BearBear Posts: 18,953 ✭✭✭
    When you are Numero Uno, you can do what ever

    the heck you want to do, when you want to do it.image
    There once was a place called
    Camelotimage
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    They don't need to follow suit, just read the thread on the $100k increase in value for removing a coin from an NCS holder and putting it in a PCGS slab.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    Why do they need to do this, they already had NCS to give details grades.

    To me they are just changing the name on the holder and nothing else.
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    Nope, it got in to a problem free PCGS slab.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    Everything that PCGS does with respect to slabbing 'problem' coins will hurt their brand. It may generate more submission fees initially, but in the long run.......not a good idea if they want to keep the integrity of their prime holder.

    If more and more coins are being sold to less educated buyers, PCGS will create confusion by creating an issue where none exists now.

    JMHO
    Have a nice day

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