Are PCGS and NGC fair?
I often times see coin dealers on Facebook that are mutual friends with pcgs and ngc graders. I have seen many examples of people cracking coins out of their case and sending it to be graded for a better grade.
Comments
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I have cracked coins out of details holders and gotten straight grades. I don't know any graders.
"Do you think pcgs and ngc are rigged in general?"
No.
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You have to be an idiot. Think twice and edit that.
Doctors know other doctors. Lawyers know other lawyers. Coin people know other coin people. Period.
All comments reflect the opinion of the author, even when irrefutably accurate.
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They are both very fair.
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."----Voltaire3 -
Those are extremely serious accusations. Do you have any proof?
By the way, expect to be banned. Not a good idea to make wild unproven accusations against your host.
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@Panda4456 said:
I often times see coin dealers on Facebook that are mutual friends with pcgs and ngc graders. I have seen many examples of people cracking coins out of their case and sending it to be graded for a better grade. For example, I know someone that cracked a 1906s us-Philippines peso au details out of its holder and resubmitted it to pcgs and got a ms63 grade. That’s about a $100,000 gain in value. Do you think pcgs and ngc are rigged in general? I think many coin dealers are buying these graders lobster in exchange for better grades. Discuss below 👇Edit: I saw a photo online of a coin grader holding hands with a coin dealer. Should this be allowed?
@Coinstartled it's good to see you back to churning out threads again.
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@Panda4456 said:
I often times see coin dealers on Facebook that are mutual friends with pcgs and ngc graders. I have seen many examples of people cracking coins out of their case and sending it to be graded for a better grade. For example, I know someone that cracked a 1906s us-Philippines peso au details out of its holder and resubmitted it to pcgs and got a ms63 grade. That’s about a $100,000 gain in value. Do you think pcgs and ngc are rigged in general? I think many coin dealers are buying these graders lobster in exchange for better grades. Discuss below 👇Edit: I saw a photo online of a coin grader holding hands with a coin dealer. Should this be allowed?
Just preserving this before you delete it.
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@Panda4456 said:
I saw a photo online of a coin grader holding hands with a coin dealer. Should this be allowed?Absolutely not. There is no legitimate reason for anybody to post photos online.
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"Is PCGS rigged?"
Right up there with "The moon landing was faked."
"The CIA assassinated JFK."
"The earth is flat."
"Our government destroyed the twin towers."All of it is nonsense and clickbait at best.
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Do you think that’s a smart question to ask here or on the NGC forum?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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@TomB said:
@Panda4456 said:
I often times see coin dealers on Facebook that are mutual friends with pcgs and ngc graders. I have seen many examples of people cracking coins out of their case and sending it to be graded for a better grade. For example, I know someone that cracked a 1906s us-Philippines peso au details out of its holder and resubmitted it to pcgs and got a ms63 grade. That’s about a $100,000 gain in value. Do you think pcgs and ngc are rigged in general? I think many coin dealers are buying these graders lobster in exchange for better grades. Discuss below 👇Edit: I saw a photo online of a coin grader holding hands with a coin dealer. Should this be allowed?
@Coinstartled it's good to see you back to churning out threads again.
What makes you think it was posted by coinstartled who was banned?
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."----Voltaire2 -
Buh bye!
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@PerryHall said:
@TomB said:
@Panda4456 said:
I often times see coin dealers on Facebook that are mutual friends with pcgs and ngc graders. I have seen many examples of people cracking coins out of their case and sending it to be graded for a better grade. For example, I know someone that cracked a 1906s us-Philippines peso au details out of its holder and resubmitted it to pcgs and got a ms63 grade. That’s about a $100,000 gain in value. Do you think pcgs and ngc are rigged in general? I think many coin dealers are buying these graders lobster in exchange for better grades. Discuss below 👇Edit: I saw a photo online of a coin grader holding hands with a coin dealer. Should this be allowed?
@Coinstartled it's good to see you back to churning out threads again.
What makes you think it was posted by coinstartled who was banned?
I don’t know who that is
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Only? They might shut it down because it's a load of cra*.
Just sayin'.
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A good ole' fashioned Friday tinfoil hat conspiracy theory thread! Way to go Panda4456 for breaking this story wide open. Deep down we all suspected but you did it!
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@Panda4456 said:
@MFeld said:
Do you think that’s a smart question to ask here or on the NGC forum?Yes because they would know best
@Panda4456 said:
@MFeld said:
Do you think that’s a smart question to ask here or on the NGC forum?Yes because they would know best
So you think if a grading company engages in “rigged” grading, they’d respond to you and answer truthfully? And if you believe that they grant grading favors, but deny it, would you believe them?
Your original question was most assuredly, not a smart one to ask.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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I believe I have pushed my luck a few times, but nothing like this.
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In my experience PCGS is fair, but I have no experience with NGC. However I have not seen anything that would cause me to think that NGC is biased.
I have not agreed with their opinion occasionally but I figure they have more experience than me. And since they consist of humans, they do make mistakes,
Vplite990 -
Looks like many of you think they are rigged
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Yawn...... Old news. Can't we talk about CAC or something again.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
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@Panda4456 said:
Looks like many of you think they are riggedEither your reading comprehension is very poor or your mind was already made up and it doesn’t matter what anyone else thinks, unless they agree with you.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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@braddick said:
"The moon landing was faked."
Nope.
"The CIA assassinated JFK."
It was the FBI.
"The earth is flat."
So says some prominent people...........
"Our government destroyed the twin towers."
Not the whole govt., only a small clandestine group..........
My online coin store - https://desertmoonnm.com/2 -
After Panda4456 dropped all those truth bombs I bet both PCGS and NGC have already graded samples of the Roswell crash and they are just sitting on and not updating the pop reports! I bet Giorgio Tsoukalos is an undercover UFO metal grader. Maybe a "First Crash" label?
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I think the grading services are pretty accurate, are there overgraded and undergrade coins, yes, but a majority are right on. When ever I get back a coin that I missed on, I usually look at it again, and most of the time I see what they most likely saw, that I missed. But over the years, I am pretty much on target with thier assessments.
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Any entity that handles millions and millions of coins to grade and encapsulate will have errors. Heck the U.S. Mint makes many errors and no one gets mad at them(well not for the errors, anyway). Just think of the mechanical errors that occur, much less a bad day or being overloaded and pressured, it happens. Just endure it and if you disagree, then resubmit and if it didn't happen to you, shutup.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain1 -
Notice how @Panda4456 waited until 5:11 pm Pacific time to make this post. Only a few minutes after quitting time at PCGS. Coincidence?
Well played trolling for maximum exposure before the inevitable Monday morning closing of this thread. If you're going to troll the board, at least be creative. Your topic has been already been trolled to death.
Member of the ANA since 19823 -
The grading companies have to much at stake financially to not be straight forward and honest with the grades.
It is my understanding the graders have no idea who's coins they are grading, there is no reason they need to know.
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I do believe that they can be a little harsh on grading but nothing I disagree with. You have to understand that PCGS and NGC can't give everything a superb grade because it would flood the market and would inflate and deflate prices. I think they are pretty fair on grading. I dont believe they are unfair or its rigged, baloney.
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You are an...
They would shut down a blatant lie because it's a blatant lie. They aren't hiding the truth, they would be deleting the libel.
If I posted a sign on a lamp post that you were a murderer and a pedophile, would you only remove it because it were true?
All comments reflect the opinion of the author, even when irrefutably accurate.
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You may get permanently banned from posting here. I'd like to say we'll miss your nonsense, but alas....
I suggested you reconsider. Now it's too late as people have quoted you.
All comments reflect the opinion of the author, even when irrefutably accurate.
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Double Ouch !!1 -
my advice is go to a bigger show and shake some graders hands and feet.
toner loner3 -
Absolutely not!! What are you paranoid or somethin? It's a well known fact that coin dealers can't afford lobster.
I once saw a photo online of a coin grader holding a coin...right away I knew something was afoot....
Wait....this is all based on photos seen on Facebook? It must be true...6 -
@Onastone said:
Absolutely not!! What are you paranoid or somethin? It's a well known fact that coin dealers can't afford lobster.
I once saw a photo online of a coin grader holding a coin...right away I knew something was afoot....
Wait....this is all based on photos seen on Facebook? It must be true...If you see it online it must be true right?!
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Grading is a skill that takes experience and knowledge that takes time to acquire. These two companies employ the cream of the crop graders which makes me trust PCGS and NGC graders with my submissions.
Enthusiastic collector of British pre-decimal and Canadian decimal circulation coins.2 -
Both companies are sick, twisted and mean and just want to take our money, and hold our coins hostage forever! Thats why we keep giving them coins and our money....
WS
Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.4 -
@WaterSport said:
Both companies are sick, twisted and mean and just want to take our money, and hold our coins hostage forever! Thats why we keep giving them coins and our money....WS
I agree
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@jmlanzaf said:
You have to be an idiot. Think twice and edit that.Doctors know other doctors. Lawyers know other lawyers. Coin people know other coin people. Period.
But God........knows no other God......
Are PCGS and NGC fair?<
They are in the business to make money.....no? Satisfy the submitter makes for more future submissions. Which comes into question; what percentage of collectors and dealers really care or know the accurate grade of a coin? Most would run to the bank with overgraded coins. They would not send the coin back with some ideology the coin is overgraded, thus seeking a lower grade. That costs money! It's the beast of greed that fuels markets.....and blind acceptance by many who simple want money or other meaningless accolades, anyone's money.
A true coin collector simply wants the best coin he can afford. And it's really amazing about those who can afford anything but yet collect garbage!
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
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I'm okay with photos of people holding hands. Is that the point?
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@oldabeintx said:
I'm okay with photos of people holding hands. Is that the point?No, the original post is copied below.
@Panda4456 said:
“I often times see coin dealers on Facebook that are mutual friends with pcgs and ngc graders. I have seen many examples of people cracking coins out of their case and sending it to be graded for a better grade. For example, I know someone that cracked a 1906s us-Philippines peso au details out of its holder and resubmitted it to pcgs and got a ms63 grade. That’s about a $100,000 gain in value. Do you think pcgs and ngc are rigged in general? I think many coin dealers are buying these graders lobster in exchange for better grades. Discuss below“Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
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This content has been removed.
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Mark, I was being facetious. Note the "edit". Oh, never mind.
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The coin dealers that get the good grades are because they know how to grade.
The coin submitters that get grades they are not happy with do not know how to grade.
It is that simple.
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