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Anyone read the Mark Salzberg article that came out today?

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  • BillJonesBillJones Posts: 34,758 ✭✭✭✭✭
    edited January 25, 2017 6:26AM

    Mr. Salzberg has damaged his company's and his own reputations by his recent actions. He has alienated many of his former supporters, and he has doubled down on his inaccurate assertion that his company is the superior grading service. Anyone who has viewed the coin market, both for many years and very recently, know that is not true.

    Instead of attacking his competition, Mr. Salzberg needs to tighten up the grading policies in his own house. If he doesn't, his company is going to slip further and further behind the competition. He should look at has happened to ANACS and ICG though the years. Once you lose your reputation and descend to second tier certification company status, there is no recovery.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,553 ✭✭✭✭✭

    @DIMEMAN said:
    He is the head of ngc.........what do you expect?!

    I expected to read that grading is subjective.

  • BillJonesBillJones Posts: 34,758 ✭✭✭✭✭

    I complained to NGC with pictures from the auction and raw ones. They wouldn't own up to it. The only offer I got was that they'd reholder the coin in the same fashion so I could sell it.

    That is not what I expect from a major TPG. I ended my relationship with NGC then.

    PCGS has a track record of buying up their mistakes. NGC's record is much less clear. Buying up your mistakes might seem expensive at the time, but maintaining the integrity of your brand name is priceless.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • pocketpiececommemspocketpiececommems Posts: 6,046 ✭✭✭✭✭

    Does PCGS keep stats of crossovers from ATS as far as same grade, up grade or down grade. Would be interesting to look at

  • dbtunrdbtunr Posts: 614 ✭✭✭

    here are overall stats from last 12 months

  • dbldie55dbldie55 Posts: 7,741 ✭✭✭✭✭

    @BillJones said:

    I complained to NGC with pictures from the auction and raw ones. They wouldn't own up to it. The only offer I got was that they'd reholder the coin in the same fashion so I could sell it.

    That is not what I expect from a major TPG. I ended my relationship with NGC then.

    PCGS has a track record of buying up their mistakes. NGC's record is much less clear. Buying up your mistakes might seem expensive at the time, but maintaining the integrity of your brand name is priceless.

    I have seen PCGS do the same thing in the past (it was a long time ago, but it did happen)

    Collector and Researcher of Liberty Head Nickels. ANA LM-6053
  • dbtunrdbtunr Posts: 614 ✭✭✭

    @dbldie55 said:

    @BillJones said:

    I complained to NGC with pictures from the auction and raw ones. They wouldn't own up to it. The only offer I got was that they'd reholder the coin in the same fashion so I could sell it.

    That is not what I expect from a major TPG. I ended my relationship with NGC then.

    PCGS has a track record of buying up their mistakes. NGC's record is much less clear. Buying up your mistakes might seem expensive at the time, but maintaining the integrity of your brand name is priceless.

    I have seen PCGS do the same thing in the past (it was a long time ago, but it did happen)

    Here is what they bought back in the last year alone

  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    I cannot remember the large number of coins w/edge corrosion, minor rim files, test cuts, etc . I have seen over the past 20 years when perfectly good looking coins were cracked out of TPGS holders. I'll need to admit that all but maybe a dozen were done before the majors had the "details" option.

    Hey, If you cannot see rim damage when the edge is hidden by the insert, does the damage actually exist?

  • Haha, the reason PCGS got so bad recently is because they crossed all these NGC coins recently for the high crossover fees they are getting !

  • dbtunrdbtunr Posts: 614 ✭✭✭

    @privaterarecoincollector said:
    Haha, the reason PCGS got so bad recently is because they crossed all these NGC coins recently for the high crossover fees they are getting !

    ??? less than 2% of their volume is crossovers and they pass less than 50%. So less than 1% of volume is crossovers. The Fee is for taking the risk of a crossover while its in the other TPG's slab

  • Very interesting reading the comments.

    I think that it doesn't really matters what any of the major grading services say about themselves or their competition, because the market (buyers specifically) know where the truth lies. All you have to do is compare coins in the same grades in the different holders and see what they brought at auction. The market will price out who is the best of the grading services.

    www.sullivannumismatics.com Dealer in Mint Error Coins.

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