TPG Companies Grading GUARANTIES - Page 2

fusiafinch · 09-28-2009, 06:11 PM

I seem to sense much animosity towards ANACS. I have used them and have looked at their coins in the newer holders and I just don't see why they should be scorned. In fact, if ANACS coins sell for less in the marketplace for a certain grade, then you should be able to make money on arbitrage..... buy ANACS cheaper and cross it to PCGS for more money at the same grade.

900fine · 09-28-2009, 06:38 PM

Quote:

Originally Posted by fusiafinch

...if ANACS coins sell for less in the marketplace for a certain grade, then you should be able to make money on arbitrage..... buy ANACS cheaper and cross it to PCGS for more money at the same grade.

Certainly a good theory, along with many others. Sometimes, some folks can pull it off. Give it a try.

I will say this... for any scheme like this, you aren't the first to think of it. Many others are trying the same thing.

So it will come down to a game of skill, not chance. The key is to use numismatic skill to evaluate individual ANACS coins and submit those. I betcha the successful candidates are few and far between.

Mark Feld · 09-28-2009, 06:39 PM

Quote:

Originally Posted by fusiafinch

I seem to sense much animosity towards ANACS. I have used them and have looked at their coins in the newer holders and I just don't see why they should be scorned. In fact, if ANACS coins sell for less in the marketplace for a certain grade, then you should be able to make money on arbitrage..... buy ANACS cheaper and cross it to PCGS for more money at the same grade.

I don't detect any animosity at all. If you can take advantage of such arbitrage, great. But it is far easier said than done, as many of the coins wont grade the same at PCGS.

CrustyCoins · 09-28-2009, 07:33 PM

I can't vouch for anyone elses gaurantee but I have taken PCGS up on thier gaurantee several times and each time resulted in the coin being removed from the holder and returned to me raw with a check. The amount of the check was usually about what I paid or slightly more but always as Conder mentioned considerably less than the PCGS price guide which is more of a trend than a guide.

I would say that each time the outcome was fair for both sides.

My largest check was for around $1K on a coin that now sits in my Dansco album.

fusiafinch · 09-28-2009, 08:05 PM

Maybe animosity is too strong a word, but ANACS is definitely treated with less respect than PCGS or NGC. I just don't think it's warranted, that's all.

And yes, the arbitrage idea would be difficult to pull off and you'd have to have good grading skills to do it. But that's good to have grading skills.

Mark Feld · 09-28-2009, 08:09 PM

Quote:

Originally Posted by fusiafinch

Maybe animosity is too strong a word, but ANACS is definitely treated with less respect than PCGS or NGC. I just don't think it's warranted, that's all.

And yes, the arbitrage idea would be difficult to pull off and you'd have to have good grading skills to do it. But that's good to have grading skills.

ANACS gets less "respect" because overall, there is less demand, less liquidity and lower prices for their coins. And many of the better, rarer coins are in NGC or PCGS holders. It's nothing personal against ANACS.

CamaroDMD · 09-28-2009, 08:16 PM

Quote:

Originally Posted by Mark Feld

ANACS gets less "respect" because overall, there is less demand, less liquidity and lower prices for their coins. And many of the better, rarer coins are in NGC or PCGS holders. It's nothing personal against ANACS.

They also get less respect because their quality of grading has dramatically dropped over the last few years due to new ownership. They were once a highly respected TPG just below PCGS and NGC...not the case anymore.

**GDJMSP** · 09-29-2009, 08:31 AM

Quote:

Originally Posted by illini420

Fair enough, I just thought you were implying that when you bolded "PCGS is much stricter" when you quoted in your previous post.

I didn't bold it, the person I quoted did.

larrybriggs · 09-29-2009, 10:24 PM

SEGS has changed the guarantee to extend indefinitely.... check the web site. I don't know why the 6 months guarantee quote keeps getting repeated unless it is an outdated tag on the web

Conder101 · 09-30-2009, 08:05 PM

Thanks for the update Larry.

larrybriggs · 10-21-2009, 12:45 PM

Grading Services Guarantee

If after SEGS has graded a coin, the owner of such coin believes that the coin has been over graded with respect to such standards and procedures, the owner may submit such coin to SEGS in its original SEGS coin capsule for re-grading (see S-4 Service).

The fee for such re-grading shall be $20, and may be refundable.

Provided that the SEGS coin capsule has not been damaged or tampered with, and provided that there are no typographical errors in the grade and/or other identifying information for the coin on the SEGS label, the original grade shall be masked and a re-grade shall be determined.

If the re-grade is lower than that originally assigned by SEGS,

SEGS shall pay the owner the difference between the fair market value of the coin at the newly established grade and the fair market value of the coin at the original grade. Fair market value shall be determined by SEGS based on recent actual transactions in the market place for coins of that type, variety, error, and/or grade.

BNB Analytics · 10-21-2009, 01:21 PM

Great post, I knew NGC and PCGS were up there.. That's why I only use them mostly.

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