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Will or Should PCGS pay to be endorsed by the ANA ?

ABC123ABC123 Posts: 2,627
in U.S. Coin Forum
It is reported in CoinWorld Sept. 4, that the ANA will seek to endorse up to 8 grading firms, if they meet the ANA standards. PCGS was not named but would you feel more or less confident in PCGS if they were one of the "anointed" grading firms ?

PS--The ANA "imprimatur", as most things in life, is not Free !

I say, Who needs the ANA's "Seal of good coin grading" ! Maybe Segs, NCG etc., not PCGS

Comments

  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    I think it is a foregone conclusion that PCGS would get the seal of approval. If not, the ANA seal would be meaningless. It will be interesting to see who, beyond the obvious top two to four, if any, gets the nod.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • bidaskbidask Posts: 14,029 ✭✭✭✭✭


    << <i>It is reported in CoinWorld Sept. 4, that the ANA will seek to endorse up to 8 grading firms, if they meet the ANA standards. PCGS was not named but would you feel more or less confident in PCGS if they were one of the "anointed" grading firms ?

    PS--The ANA "imprimatur", as most things in life, is not Free !

    I say, Who needs the ANA's "Seal of good coin grading" ! Maybe Segs, NCG etc., not PCGS >>

    I do not know what are ANA's standards but I agree with you!
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • WingsruleWingsrule Posts: 3,052 ✭✭✭✭
    I thought PCGS did try to pay for this title, only NGC offered more?

    I remeber a thread by HRH himself explaining the story. I'll try to find it.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    The ANA is streching it to find eigth firms to endorse. Must be trying to get rid of some of those money problems, there was talk of last week.
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • CameonutCameonut Posts: 7,384 ✭✭✭✭✭
    If I were PCGS I wouldn't spend a nickel on an ANA endorsement.
    I understand that the ANA gets paid off - I don't understand what PCGS gets in return.

    The ANA is endorsing 8 grading firms - no way are there 8 worthy firms. image

    “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!

  • robertprrobertpr Posts: 6,862 ✭✭✭
    If they're going to endorse 8, there's gonna be a lot of schlock in there. PCGS would be damned smart not to have that scar!
  • bidaskbidask Posts: 14,029 ✭✭✭✭✭


    << <i>If they're going to endorse 8, there's gonna be a lot of schlock in there. PCGS would be damned smart not to have that scar! >>

    I might add, if they do not endorse PCGS, that in itself will be an endorsement and make PCGS look even better by setting it apart!
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • LeianaLeiana Posts: 4,349 ✭
    How would being endorsed by the ANA help anybody except for third world slabbers?

    -Amanda

    EDIT- 1776, a very cool year. image
    image

    I'm a YN working on a type set!

    My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!

    Proud member of the CUFYNA
  • robertprrobertpr Posts: 6,862 ✭✭✭
    As you know, losing the ANA and PNG logos to that other service has really hurt PCGS. image
  • AU58WALKERSAU58WALKERS Posts: 3,562 ✭
    Let them eat cake!
    "Everyday above ground is a good day"

  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>The ANA is streching it to find eigth firms to endorse. Must be trying to get rid of some of those money problems, there was talk of last week. >>



    Bingo! Exactly what I was thinking.....creative thinking to get rid of problems, but in a short term type of mindset. I think they realized they left money on the table when both PCGS/NGC vied (sic?) for it and only got 1 payment from the winner. So, why not open it up and get even more money??

    Trouble is the dilution of the value (and, really, what value does it give the top tier TPGS' anyway? NGC/PCGS don't need it. It is marketing but their reputation is done by how they grade and the timeliness of getting the grades.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • DennisHDennisH Posts: 14,011 ✭✭✭✭✭
    No.
    When in doubt, don't.
  • BearBear Posts: 18,953 ✭✭✭
    PCGS has the one endorsement that truly counts.

    That is the confidence of the Coin Collectors and Industry.
    There once was a place called
    Camelotimage
  • WhizzardWhizzard Posts: 955
    I'm just not sure who is coming down to who's level here....
    What do you think, Mr. Bigglesworth?
    image
  • MrEurekaMrEureka Posts: 24,419 ✭✭✭✭✭
    the ANA will seek to endorse up to 8 grading firms, if they meet the ANA standards.

    I'll have no opinion until I know what it means to "meet ANA standards".

    That said, it sounds like PCGS and NGC can both get a free ride. No way will the ANA endorse anyone else without endorsing PCGS and NGC.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • CoinHuskerCoinHusker Posts: 5,033 ✭✭✭
    It's good for companies 3 thru 8. Bad for 2, really bad for #1.
    Collecting coins, medals and currency featuring "The Sower"
  • LeianaLeiana Posts: 4,349 ✭
    So I guess the consensus is that PCGS should pay to not be endorsed by the ANA? image

    -Amanda
    image

    I'm a YN working on a type set!

    My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!

    Proud member of the CUFYNA
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>How would being endorsed by the ANA help anybody except for third world slabbers?

    -Amanda

    >>



    Young lady, I think that you are very smart.

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>It should NOT be playing the ploitical money game. >>



    Dang, a game I've never heard of! How do you play? image

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

  • MrEurekaMrEureka Posts: 24,419 ✭✭✭✭✭
    Its time for the ANA to quit being so fiscally irresponsible and get on with better and more far reaching educational programs.

    Laura - Glad to hear you care so deeply about the educational programs. What course will you teach next year at ANA Summer Seminar? And we'd love to have you on the "Lie, Cheat & Steal" panel!
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • coinkatcoinkat Posts: 23,856 ✭✭✭✭✭
    No.

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

  • FatManFatMan Posts: 8,977 ✭
    It's all about the almighty dollar. It is not who should be endorsed, it is about who will pay the most.
  • clevegregclevegreg Posts: 909 ✭
    The ANA is only going to endorse "no less than 2 and no more than 3 qualified coin grading companies".

    The same 2-3 companies for currency grading companies

    One or 2 max for coin or currency conservation services.

    That is where the 8 companies comes from.

    Greg


    Edited currency grading number
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,621 ✭✭✭✭✭
    NGC (arm of ANA) has accepted PCGS slabbed coins into their registry program.
    PCGS (arm of CLCT) has not accepted NGC slabbed coins into theirs.

    Who needs endorsement ?

    image

    ``https://ebay.us/m/KxolR5

  • tmot99tmot99 Posts: 5,238 ✭✭✭


    << <i>The ANA is only going to endorse "no less than 2 and no more than 3 qualified coin grading companies".

    The same but only 2 companies for currency grading companies

    One or 2 max for coin or currency conservation services.

    That is where the 8 companies comes from.

    Greg >>



    I'm seeing a max here of 3+2+2=7, not 8. What are you saying, Greg?

    As far as the endorsement, it is pretty meaningless. Is the endorsement going to cover all of the different series? Different TPGs are better for some series than others. To me, it's kind of like the star rating for hotels. I've stayed at 4 and 5 star hotels that were much worse than some of the 3 star hotels I've stayed at. I stay at the hotel that provides me the customer service that I need at the price I'm willing to pay.
  • majorbigtimemajorbigtime Posts: 2,937 ✭
    It's a business (both of 'em), and the ANA endorsement goes to hi bid,

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