NGC--will not recognize "other" companies for registry
logger7
Posts: 8,620 ✭✭✭✭✭
"After three decades as an NGC grading finalizer, I can say with confidence that our grading has remained accurate and consistent since the earliest days of the company.
"I can also say that other grading services appear to have changed their grading standards for a variety of reasons. Many of you reading this will know exactly what I am talking about but for those who do not, I encourage you to ask some numismatic professionals and to research historical population reports and auction prices realized for different grading services.
"...While my position as grading finalizer and chairman of NGC allows me to guarantee the precision and quality of NGC’s expert grading services, I cannot control what other grading services do. As a result, I have concluded that the NGC Registry can no longer accept coins graded by other grading services.
"When the NGC Registry was started, it allowed participants to build sets that included coins graded by other services, which were treated equally to NGC-certified coins when points were assigned and sets were ranked. After seeing the dramatic changes at other grading services over the last few years, however, I am no longer confident that their current standards are equal to their former standards or to those that NGC has maintained for nearly 30 years."
https://www.ngccoin.com/news/article/5627/NGC-Registry/
At least they could have permitted "other" companies with CAC stickers to be accepted into the registry. From what I have seen, over a certain dollar figure and in the case of certain coin series, PCGS grading is tougher. Agree, disagree?
Comments
As one who has looked at thousands of NGC and PCGS coins online and in person, I can emphatically say this guy is smoking crack.
Or drinking the party kool-aid, easy to do when everyone at your company re-enforces one's bias.
This is a source of irritation for many regular posters ATS. We feel betrayed.
Now that gloves are off, I'll say this. I have been working on a set of $2.50 and $5.00 Classic Head gold coins. Aside from two NGC coins that were graded years ago that I have owned for a while, all of my other coins and recent purchases for those sets have been graded by PCGS. None of the NGC coins have not been up to parr.
As I noted in the previous (long) thread on this, I just wonder what took them so long to do this.
I had a registry at NGC and I was buying 3 PCGS coins to 1 NGC coin. With the PCGS coins out numbering the NGC coins in some of the registry sets, It may have been embarrassing to the NGC ownership.
When the storm is coming, shutter your windows.
They were probably thinking about the negative reaction they knew they were going to get from this. They did it three years ago to their world coin registries. NGC has a much bigger presence in the world coin market than the U.S. market. The reaction from the those collectors was not positive.
I think that one sentence justifies it. I think we all agree the standards do vary to whatever degree, so why should the coins be treated equally?
On a positive note, anyone that wants to jump in on creating a registry for some or all TPGs, now is your chance.
Great transactions with oih82w8, JasonGaming, Moose1913.
That NGC statement by Mark Salzberg is an absolute crock of SH*T. It's laughable, really.
Check out some of my 1794 Large Cents on www.coingallery.org
Unless things have changed recently (I doubt it) PCGS grading of cameos is the gold standard in the industry. Head and shoulders above NGC.
So most of my coins are all PCGS, including all my cameo Registry sets.
To be slightly fair, I do have a NGC registry set for Swiss shooting Thalers, but that is just modern crap.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
I tend to collect US coins in PCGS slabs and world coins in NGC slabs.
Seems to me that NGC should have done this years ago. The use of the term "other" grading services allows NGC to justify their decision when the reality is that PCGS is the only real competitor to the NGC registry. Using "other" makes it seem like they are now not allowing all the fringe grading companies into their registry. Steve
My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
Is this supposed to motivate me to start an NGC registry?
A side benefit to this decision is that NGC no longer has to struggle qualifying PCGS coins for specific slots.
While generally a simple cert look-up on PCGS's site will confirm a coin's qualification, there are many instances involving varieties that the NGC registry software can't handle.
For example, if you have an 1829 large letters bust half dollar you cannot add it to a registry set whose slot calls for the large letters variety unless PCGS has attributed the Overton die marriage. The PCGS cert plainly says "Large Letters" and the cert look-up confirms it. But if the holder doesn't carry the O.110 designation NGC won't allow it. Their software requires the Overton number. So the NGC staff simply says "sorry".
When it happened to me it irritated me enough to get David Lange involved, and he and the NGC registry folks found a one-time workaround. But they couldn't do anything about fixing their system. It's a major coding effort. FWIW, Mr. Lange was very polite and acted on the issue. But I could tell he and his staff were not happy about it.
I imagine dropping PCGS coins from their registries will free-up a lot of time for some of their staff.
Lance.
My two sets at NGC contain 60 and 96 coins. All of them are PCGS/CAC.
I view their registry occasionally. Once they restrict the inclusion of PCGS coins I will stop logging in to their registry entirely.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163