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You know, I really sick of hearing how overgraded NGC coins are and how perfect PCGS is...

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    << <i>No TPG service is perfect, and they all make mistakes-under and over graded for every series.

    But, in grades higher than MS 64, PCGS is 1 to 2 points harder on Capped bust halves (1807 to 1836), and a look at the pop reports will confirm this.

    About 3 times more 66's have been graded by NGC, and almost twice as many 65's.

    It is well known that many dealers, looking for the extra profits thay desire, will upgrade PCGS 64's and 65's to NGC slabs. And there are only a few collectors who will take the 1 point (or more) downgrade to get the coin into the PCGS slab.

    Certain characteristics are almost always present.

    1. The MS 66 grade at PCGS requires a better strike, and the surfaces must be original. NGC will desiginate a 66 with a slightly weak strike in the wings, and hair curls. And the toning may be questionable.

    2. I have successfully crossed NGC 64's(and below) into PCGS slabs. In many tries, only 1 NGC 65 to a PCGS 65. And I have never been successful with an NGC 66.

    3. I proudly own many NGC CBH's. And several early halves. And will continue to buy the series in either holder, if the coin is nice. But the premium for PCGS 65's and 66's will most likely be substantial.

    4. There are even some problems with AU coins not being up to the PCGS standards. Recently a rare date in NGC 55 only made XF 45 at PCGS. I think I would have left that one in the holder.image >>



    Not challenging any of this, but want to ask a question: is it really PCGS standards or NGC standards we care about? Really, the TPG's job is not to set standards, but to adhere to the grading standards set by the collecting industry. So, I dont' want to know if PCGS is tougher or not, I want to know if they adhere more closely to the current grading standard for the industry.
    Let the TPG's be neutral. I hate the idea of them having their own standards.
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    BurksBurks Posts: 1,103


    << <i>PCGS holders simply look better and make the coins look better - far better, in fact. >>



    I wouldn't go that far.
    WTB: Eric Plunk cards, jersey (signed or unsigned), and autographs. Basically anything related to him

    Positive BST: WhiteThunder (x2), Ajaan, onefasttalon, mirabela, Wizard1, cucamongacoin, mccardguy1


    Negative BST: NONE!
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    MadMartyMadMarty Posts: 16,697 ✭✭✭


    << <i>PCGS holders simply look better and make the coins look better - far better, in fact. >>



    What holder is your icon coin in???
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

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    << <i>Not only are you using foul , purposely misspelled words, and inviting others to post pictures of the male genitalia ; but most disturbing to me is that you are mocking PCGS on their own site . More then a few members have gotten the boot for less. >>



    1. As to the male genetalia issue: Its a coin. A real one. Get over the shock and move on.

    2. PCGS is not being mocked. This is exactly the kind of discussion that makes this board great. The mods have even stated that we can disagree all we want about PCGS policy and practice, as long as legal issues or purposefully denigrating statements are not made. This is a discussion about the industry, and how PCGS fits in that industry along with their competitors. A great topic really.

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    MrEurekaMrEureka Posts: 24,698 ✭✭✭✭✭
    Sorry people, I love them both...

    I don't think I'll sleep tonight.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    LALASD4LALASD4 Posts: 3,602 ✭✭✭
    For Jeffersons and Ikes, NGC is usually one or two points higher.image
    Coin Collector, Chicken Owner, Licensed Tax Preparer & Insurance Broker/Agent.
    San Diego, CA


    image
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    RussRuss Posts: 48,514 ✭✭✭


    << <i>Not only are you using foul , purposely misspelled words, and inviting others to post pictures of the male genitalia ; but most disturbing to me is that you are mocking PCGS on their own site . More then a few members have gotten the boot for less. >>



    Who's the newb? image

    Russ, NCNE
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    MrEurekaMrEureka Posts: 24,698 ✭✭✭✭✭
    Really, the TPG's job is not to set standards, but to adhere to the grading standards set by the collecting industry.

    That is precisely wrong in every way.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    << <i>Really, the TPG's job is not to set standards, but to adhere to the grading standards set by the collecting industry.

    That is precisely wrong in every way. >>



    Well, then we disagree. I do not want each TPG having their own standards. There should be industry standards to which they adhere... or else we get a slow erosion of a sensible single standard, and it becomes like curency around the world... you have to understand the exchange rate.

    So, you would have the TPG's independantly determine the standard? I sort of thought the ANA should do that.

    How am I wrong in every way?

    After all, it takes talent to be wrong in EVERY WAY!
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    BearBear Posts: 18,953 ✭✭✭
    Mad Marty, may your rubber chicken

    develope stretch marks.image
    There once was a place called
    Camelotimage
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    originalisbestoriginalisbest Posts: 5,971 ✭✭✭✭
    My icon coin isn't even my coin, it's some default Merc someone else uploaded, and lazy me's never changed it.

    In answer to your question, it's probably in an old ANACS slab, and would look a lot nicer in PCGS plastic. image
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    MrEurekaMrEureka Posts: 24,698 ✭✭✭✭✭
    I do not want each TPG having their own standards. There should be industry standards to which they adhere... or else we get a slow erosion of a sensible single standard, and it becomes like curency around the world... you have to understand the exchange rate.

    Forget what you "want". It's not up to you and it never will be.

    The fact is that there never was a single standard before slabs and there is no single standard today. (Never mind that "standard" is probably not the right word for what we're talking about. We know what we're talking about, whatever we call it.)





    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    << <i>I do not want each TPG having their own standards. There should be industry standards to which they adhere... or else we get a slow erosion of a sensible single standard, and it becomes like curency around the world... you have to understand the exchange rate.

    Forget what you "want". It's not up to you and it never will be.

    The fact is that there never was a single standard before slabs and there is no single standard today. (Never mind that "standard" is probably not the right word for what we're talking about. We know what we're talking about, whatever we call it.) >>



    Rather harsh... though in a cynical way, perhaps true. Sure, it is not up to me. However, the collective voice of a market does have an impact. No single standard... well, there are certainly commonly held beliefs in regards to what most grades mean. My point, which you did not address, was that (regardless of the separate point of 'is there a single standard') whatever the standard(s) are, the collecting public would not benefit from TPG's claiming thier own grading 'standard'. So whatever we want to call it, it would be best if it is adhered to by TPG's not created by them.
    I stand by that statement. Same reason that any other 'product' or 'service' company in the US is held to rules and regulations imposed by external forces, not themselves. It avoids conflict of interest. If PCGS suddendly claimed that the PCGS grading scale is the best in the industry... how would this benefit collectors?
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    BearBear Posts: 18,953 ✭✭✭
    While it is true, that all grading services have overgraded and undergraded coins

    in their holders, I have seen more accurately graded, beautiful coins in PCGS holders

    then in any other holders. Also the PCGS Holdered coins have more of the publics

    confidence and thus higher values. While some folks like to bag on PCGS, most folks would

    kill, to get one of their really nice coins in a PCGS holder.
    There once was a place called
    Camelotimage
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    mozeppamozeppa Posts: 4,431 ✭✭✭
    stop holding back yer madness.....tell us how you feel about it.image
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    robecrobec Posts: 7,033 ✭✭✭✭✭


    << <i>I do not use NGC. I have only purchsed 2 NGC graded coins. I cracked both out and sent them to PCGS. Both were NGC MS65 early commems. AT PCGS both were upgraded, one to a MS66 and one to a MS67. No complaints here. >>



    But how could that possibly be? I thought NGC overgraded everything. If that is the case, why would anyone try to cross from NGC to PCGS? Unless of course they just had to have a lower graded coin.
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    RYKRYK Posts: 35,801 ✭✭✭✭✭
    Have you ever heard someone say that they will only buy NGC-graded coins? Or that the best coins end up in NGC holders? Or that he/she was concerned that their coins would not make the cross from PCGS to NGC?
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    RussRuss Posts: 48,514 ✭✭✭


    << <i>Have you ever heard someone say that they will only buy NGC-graded coins? >>



    Yes. I have a couple of regular eBay bidders who only buy NGC.

    Russ, NCNE
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    ziggy29ziggy29 Posts: 18,669 ✭✭✭


    << <i>The fact is that there never was a single standard before slabs and there is no single standard today. (Never mind that "standard" is probably not the right word for what we're talking about. We know what we're talking about, whatever we call it.) >>

    True. There were multiple "standards" -- Photograde, ANA, Brown and Dunn, et cetera. But you didn't have a situation where people insisted ONE of those standards was the only true standard, and you didn't have people drinking the Brown and Dunn Kool-Aid who refused to buy coins graded with Photograde or ANA standards.

    The past is not directly comparable to the present.
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    IrishMikeIrishMike Posts: 7,737 ✭✭✭


    << <i>Have you ever heard someone say that they will only buy NGC-graded coins? Or that the best coins end up in NGC holders? Or that he/she was concerned that their coins would not make the cross from PCGS to NGC? >>



    I have a long time collector friend who only collects Morgans and doesn't buy anything graded other than NGC, so yes.
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    BillJonesBillJones Posts: 35,813 ✭✭✭✭✭


    << <i>Have you ever heard someone say that they will only buy NGC-graded coins? Or that the best coins end up in NGC holders? Or that he/she was concerned that their coins would not make the cross from PCGS to NGC? >>



    Yes, two dealers in my area have been working on (1) a set of Mint State Buffalo nickels and (2) a set of high grade Morgan Dollars (best he can afford.). In both cases the collectors are looking ONLY for NGC coins.

    I also know a dealer wanted had a customer who wanted to cross an MS-63 $50 Pan-Pac from PCGS to NGC. NGC would only cross the coin in a lower grade. image

    While you guys live in your isolated word, others have seen exceptions to all the rules you claim are indisputable.
    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 ... ?
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    410a410a Posts: 1,325
    I have more PCGS coins graded than NGC coins. I have beautiful coins that is right COINS in both type holders and services. One time not too long ago David Hall address this issue. If I remember right his only knock in writing was that NGC favored toning a bit more. I personally believe it is prudent when dealing with so much money for Rare Coins that you use the best services available. That being PCGS and if you buy other services be sure you know your coins. I know a nice coin when I see one. ONE THAT I WOULD BUY.
    Thank you.
    image
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    ZoinsZoins Posts: 34,486 ✭✭✭✭✭


    << <i>I personally believe it is prudent when dealing with so much money for Rare Coins that you use the best services available. That being PCGS and if you buy other services be sure you know your coins. >>

    Are you saying you don't need to know your coins when buying PCGS slabs?
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    <So what you are saying is that ALL NGC MS66 Washingtons are overgraded and none would cross into a PCGS holder?>

    You have to look at the coin carefully and not just the grade. I find many would be downgraded, especially the Washington Series but not all. I'm in no way bashing NGC, cause I think they are fairly respected. I just think they're grading standards on certain issue's are not as tight as PCGS.
    The best things in life are free except coins
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    I think newbies would give the best objective, unbiased opinion concerning this subject............. follow the money (the harsh reality of any free market).

    Simple as that.. case closed.
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    ziggy29ziggy29 Posts: 18,669 ✭✭✭


    << <i>I think newbies would give the best objective, unbiased opinion concerning this subject............. follow the money (the harsh reality of any free market). >>

    Which is part of the reason why it's harder and harder for me to stay enthusiastic about collecting. I'm getting closer and closer to chucking all my coins and moving on, and the market's plastic worship is one big reason why. It's just not as fun any more.
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    410a410a Posts: 1,325
    ZOINS ..........NO! and you know that!

    I believe there is a better market for coins graded by PCGS.

    Why did I dignify this with a response. why? why?image
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    RYKRYK Posts: 35,801 ✭✭✭✭✭


    << <i>

    << <i>Have you ever heard someone say that they will only buy NGC-graded coins? Or that the best coins end up in NGC holders? Or that he/she was concerned that their coins would not make the cross from PCGS to NGC? >>



    Yes, two dealers in my area have been working on (1) a set of Mint State Buffalo nickels and (2) a set of high grade Morgan Dollars (best he can afford.). In both cases the collectors are looking ONLY for NGC coins.

    I also know a dealer wanted had a customer who wanted to cross an MS-63 $50 Pan-Pac from PCGS to NGC. NGC would only cross the coin in a lower grade. image

    While you guys live in your isolated word, others have seen exceptions to all the rules you claim are indisputable. >>



    Yes, I agree there are exceptions, but you did also agree on the rule. image
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    << <i>

    << <i>Not only are you using foul , purposely misspelled words, and inviting others to post pictures of the male genitalia ; but most disturbing to me is that you are mocking PCGS on their own site . More then a few members have gotten the boot for less. >>



    You are certainly well informed for just arriving last Friday, foxxy image >>



    "You are certainly well informed for just arriving last Friday, foxxy "

    I am an old man with alot of time on my hands . I have been reading these posts on these boards for years . It is only since I moved down here from Canada that I decided to become a full fledged member. Mr Pharmer : I have already recieved 2 private messages warning me about you . I have seen many a post casting an unfavorable light on you . You seem to be the kid on the playground that nobody wants to play with . You have stalked me on these boards since my first post .
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    Cool. I am going to send my MS-70 stuff to NGC. Maybe get a 71...
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    IGWTIGWT Posts: 4,975
    Opinions by TPGs have become far too valuable.
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    JcarneyJcarney Posts: 3,154


    << <i>Have you ever heard someone say that they will only buy NGC-graded coins? >>



    Well, my Franklin set is all NGC and here's why:

    After looking at many MS65 Franklins, I determined that on average, the PCGS coins were just a tad nicer than their NGC counterparts but that NGC was, on average, a bit stricter on the FBL designation. Since the PCGS coins were usually more expensive than their NGC counterparts, interestingly MUCH more so on the FBL coins, I decided to seek out the NGC coins which I felt were equal to the PCGS coins. It took more legwork than if I had simply purchased PCGS Franklins, but I think it was worth it.
    “When the people find that they can vote themselves money, that will herald the end of the republic.” — Benjamin Franklin


    My icon IS my coin. It is a gem 1949 FBL Franklin.
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    JRoccoJRocco Posts: 14,277 ✭✭✭✭✭


    << <i>

    << <i>This is what the market's slavish devotion to plastic hath wrought. And I think this is dangerous for the health and well-being of the hobby. >>



    image >>



    I double dog agree.

    Totally spot on Marty... so you get two
    imageimage
    Nah...three
    image
    Some coins are just plain "Interesting"
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    JRoccoJRocco Posts: 14,277 ✭✭✭✭✭


    << <i>Sorry, Marty, but it's true. PCGS always grades tighter than NGC. Here's proof:

    image

    image

    Uh, er, oops.

    Russ, NCNE >>


    You bet yer bippy Russ...and they NEVER let coins into their holders with things like cleaning lines..signs of a wiping....
    image
    image

    Uh, er, maybe oops was right...
    Some coins are just plain "Interesting"
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    Aegis3Aegis3 Posts: 2,937 ✭✭✭


    << <i> Get a life people, there are crap coins in PCGS and NGC holders. Overgraded coins in both holders and undergraded coins in both. You people who paint the broad streak that NGC coins are always overgraded need to wake up and smell the coffee. If that statement were true, then PCGS wouldn't offer crossover service now would they... Geeze, buy the COIN not the HOLDER!

    While I don't disagree, I find it curious that someone that "buys the coin, not the holder" can be so animated about this subject. After all, if the plastic doesn't matter, the plastic doesn't matter. Period. >>



    Ahh, but threads like these are where we can find large amounts of unintentional humor. I'll even grant that slabs do have this one point in favor of them: when you really think about it, the slabbing game is awfully funny.
    --

    Ed. S.

    (EJS)
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    410a410a Posts: 1,325
    The plastic matters, the plastic matters and the plastic has always mattered. Black and white photos mattered then color photos mattered and they brought more money and they brought more attention way back when (1975). The plastic matters is creates competition it keeps one and the other company in check. The plastic matters it keeps coins liquid to one degree or another, the plastic matters it keeps unscrupulous dealers from trying to tell you a weak strike is a wear point. The plastic matters it SINGULARLY BROUGHT ABOUT A REVOLUTION IN COIN MARKETABILITY and does create money in the "hobby". It lends support to those who fear they may or may not have made a mistake i.e. someone new to coins. The plastic matters, to one degree or another the companies stand behind there product opinions of grade and authenticity. The plastic matters.
    Repeat after me; The plastic matters, the plastic matters.image

    I should have stuck with labor organizing.
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    bidaskbidask Posts: 14,057 ✭✭✭✭✭
    What NGC thought would help them in the short run ( actively promoting gradeflation and in turn getting submissions) will and has discredited them in the long term IMO.
    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.




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    JRoccoJRocco Posts: 14,277 ✭✭✭✭✭


    << <i>I should have stuck with labor organizing. >>



    Ahhh....now I understand the rant...

    Some coins are just plain "Interesting"
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    100 !



    know what you don't know.

    hi, i'm tom.

    i do not doctor coins like some who post in here.

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    MadMartyMadMarty Posts: 16,697 ✭✭✭


    << <i>100 ! >>




    Not yet!!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

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    originalisbestoriginalisbest Posts: 5,971 ✭✭✭✭
    JRocco, all sorts of crud slides by the TPGs if it's early enuf. No surprises there!

    (Coin still looks better in PCGS plastic, BTW)
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    ngc is SLOOOOOOOOOOOOOOW
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    << <i>Get a life people, wake up and smell the coffee. >>


    Gee I hope Marty gets his OJ in in the morning with his breakfast..!!
    ......Larry........image
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    <<Personally, I find it hard to believe that the mint can churn out so FEW "perfect" coins, as PCGS seems to think. They come right off the line, go into a plastic holder and many of them go right to the TPGs... ...I think NGC is more realistic on their modern grading, and PCGS may be making the market and feeding the modern frenzy to their Registry Set advantage. It was no surprise that Ed Reiter and Scott Travers bashed the whole ultra-high grade 70 modern feeding frenzy as of late, predicting the market for these will crash soon. time will tell >>

    image You mean the PCGS MS70s aren't really extra special ? image
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    FairlanemanFairlaneman Posts: 10,428 ✭✭✭✭✭


    << <i>My icon coin isn't even my coin, it's some default Merc someone else uploaded, and lazy me's never changed it.

    In answer to your question, it's probably in an old ANACS slab, and would look a lot nicer in PCGS plastic. image >>



    It is/was in a ANACS slab. 1930P Merc if I remember correctly. That thing was loaded up to PCGS about 4 years ago by me.

    Ken
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    IrishMikeIrishMike Posts: 7,737 ✭✭✭
    Gawd another NGC vs PCGS arguement, guess what you could crack out 50 coins out of each companies holders and send them in for regrade and less than 75% would come out the same grade. For you modern addicts crack out 30 MS or PF 70's from PCGS holders and resubmit. How many of those 30 would come back as 70's? Half, three quarters? less than that? Ever think of that when you praise your knowledge of knowing the difference between 69's and 70's or spend outrageous bucks for them.
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    RussRuss Posts: 48,514 ✭✭✭


    << <i>ngc is SLOOOOOOOOOOOOOOW >>



    Lately, they have been. But, not so long ago you could turn three NGC submissions in the time it took to turn one at PCGS.

    Russ, NCNE
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    ConnecticoinConnecticoin Posts: 13,275 ✭✭✭✭✭
    100!

    -- Cherwood
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    99
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    100

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