Why are so few world gold coins slabbed by PCGS?

Calgoldguy

I've just resumed collecting world gold coins after an absence of 14 years.
Most of the coins I see for sale have been slabbed by NGC. No more than
10-20% have been slabbed by PCGS. For U.S. coins, by contrast, I see
roughly the same number slabbed by both PCGS and also by NGC.

Why the difference? Is NGC considered more reliable? Is NGC grading
higher? Did NGC get a head start in world gold and PCGS never caught
up?

On a different subject - I sent 30 world gold pieces to NGC and was for
the most part delighted with the grades. Three, however, came back
details graded due to "surface hairlines". Would PCGS be likely to grade
them with a regular grade, not details graded?

Sincerely.
Bob

StubbyMcNumbthumbs

Just a guess here, but PCGS does seem to be harder on grading than the others. Maybe too hard. I think possibly people are going elsewhere to get their coins graded and slabbed where PCGS finds fault and BB's them. The market may deem these acceptable, however. The world coin market seems to be more tolerable of older cleanings, etc. as apposed to the US coin market.

Just a guess, though.

coinpictures

In my opinion it's not just world gold, but world coins in general. NGC has a much larger share of the slabbed market.

JCMhouston

NGC has simply been grading world coins much longer than PCGS.

theboz11

Slabbing world coins is not a world wide desire. Many prefer Raw coins.

SYRACUSIAN

I think that it also has to do with the dealer's prices that each company charges on regular submissions. NGC is cheaper, and therefore attracts a lot more dealers who are major submitters. PCGS Paris will have an effect IMHO on these percentages in a year or two from now.


Three, however, came back
details graded due to "surface hairlines". Would PCGS be likely to grade
them with a regular grade, not details graded?


Depends on the hairlines. It might get graded, or it will return in a Genuine holder, no details grading on problem coins by PCGS. I think it's unlikely for PCGS to grade a coin that NGC graded "details" because of hairlines, but you never know.

Hyperion

<< <i>Slabbing world coins is not a world wide desire. Many prefer Raw coins. >>

mumu

I have no rhyme or reason to this opinion and am not implying it has an relative answer to your question but for some reason I think US coins looke better in PCGS slabs while most world coins look better in NGC prongs.

WWW

Because PCGS does not have large enough slabs:

krueger

Dealers who I know ,who do part time grading for PCGS say NGC is generally from 1/2 to 1 point looser than PCGS standards.
Many PCGS Registry set participants frequently loose that 1/2 to 1 point on crossovers to PCGS.

So consequently its easier for dealers get higher grades on their coins they are hodering and an easier sale, plus it costs less. This is reflected on the bluesheet where many coins in equivalent grades are priced higher in PCGS holders. As an example I have an NGC MS67 1941 Walker half, Bluesheet NGC is $425., PCGS bluesheet is $650.! Thas a big difference.

Regards gold--Gold is a softer metal and hits & scrapes are more prevelent on gold. NGC probably grades more with this in cosideration. Many dealers feel this is more reasonable for gold coins. Many have told me they favor NGC for gold. NGC has Ken Krah as their gold expert for many many years. I've taken grading classes from him at the ANA Summer seminar and he is an expert with gold.

Just some thoughts
Krueger

ormandh

Moot question....