Does PCGS give preference to the big guys?

Why would they collaborate with each other for who gets to grade something? There's no chance they would have gotten fees like that on pointless resubmits. In all honesty I would be surprised if the submitter was charged anything for a coin like that with the publicity having it in their holder brings.

 

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ON THE UNIQUE (so far) 1933 $20? Get real.

 

A 1933 $20 going from AU-55 to AU-58 to MS-61 to MS-62 is a pointless resubmit? I don't think so.

Anyway it was a thought. Now, I plead ignorance. What did the 1933 go for at auction and what was it graded? Thanks.

 

Yes because it is the only one. If the others get released which is highly unlikely at this point then there could be a value. NGC graded one of the others MS-66, 2 MS 65, 6 MS 64 and one UNC Details so it wouldn't be top pop if those get released.

The legal one last sold for just under 7.6 million in 2002 I believe unless a more recent sale happened. With the others future pending I suspect the price of that one may take a bit of a hit if it was resold right now.

http://www.coinweek.com/prices/coin...less-whats-a-1933-20-gold-double-eagle-worth/

 

I don't think you understand "my" resubmission comment about the Farouk coin being up graded for additional fees. Thank you for the price info.

 

I did not read the whole thread, but I do believe the grading companies did give some coins a break because of the submitter - I am specifically thinking of the reiver collection. I know a few of the coins I looked at I thought were slightly overgraded. Then again when grading such a collection and only spending seconds on each coin you might very well miss some of the grades. That is just a personal opinion - at the same time I would submit the original coin to PCGS or NGC without any hesitation. I think neither of those two over grade or under grade on purpose(no matter the submitter) - even if I disagree with the final grades.

 

You seriously don't think those coins were graded in a few seconds each do you.

 

Not literally 2 seconds, but yes they do not spend minutes on each coin. They would not make a profit if they spend too much time on 1 individual coin. Now I am not talking just a single coin rarity - but a large collection like Reiver, Holmes or the Pogue collections.

 

The collections you mentioned were graded VERY carefully by the best graders. You can either believe that or stay on the "silly train" with the uninformed. Sometimes, some of these coins are actually discussed. Important collections (especially) that are going into "big splash" auctions are seen by "everyone" and are important to the reputation of the TPGS's. They need to get it right and that often takes more time.

 

Generally that is true, however not for collections like that and especially not for Pogue. They take as long as they feel they need too with hand picked graders from their staff for 6 and 7 figure coins. 5 figure coins likely get a few extra looks as well.

 

If that is the case where they do spend extra time and such on the coins - then I agree they do suck at times. I was trying to give them the benefit of doubt, but it sounds like they don't deserver it. My assumption sounds bad - that they treated them just like us commoners, when they did get special treatment and time.

 

OK, ALL TPGS's SUCK BIG TIME on occasion, All TPGS's suck a little some of the time.

Now I'd like everyone here to consider ONE important clarification:

The skill, experience, knowledge, eyesight, etc. of the person criticizing the professionals and the grades they assign MAKES ALL THE DIFFERENCE.

 

Another thing to consider is that the only way anyone is going to agree with 100 percent of the grades assigned is if they were the grader who assigned them

 

LOL - Not sure that always works, but I know what you mean with tpg graded coins. I can look at a coin in my collection 20 times and get 1 grade. Then for some reason I look at it again and move it by 1 point.

 

They certainly goon a couple a no doubt about it. I think that would be an interesting experiment for people to try with their raw coins. Grade them put them away for a month or two and grade them and some others again and see how closely they match up. I bet people would be somewhat surprised on some of their grade swings

 

Actually, this is not entirely true! In many instances (try this for yourselves) the grade a person assigns one day may be close BUT DIFFERENT the next time it is examined a few days later. Many times in the past, I have graded one of my coins; put the grade and a price on the 2X2 and weeks later I have thought to myself: "Who is the blind, ignorant idiot who graded this coin

I have heard this happens at TPGS's too. Want to hear some funny stories? Attend the ANA Summer Seminar; bring a six pack to the "Moonlight" gathering; wait 'til all the beer is gone; and start asking questions of the instructors who are professional graders as they may be inclined to share some personal experiences.

 

Sorry Mark, I should have read a little further

 

No problem what so ever - learned something new today so I can rest easy tonight.

 

To me access makes a difference. The bigger guys have more access. Able to talk to more people maybe review coins with certain people after the major grading events, etc.

I had a small guy consign a coin to me after he took it to a grading event and had it reviewed by high ups. Was told it would never 64. I sold it for way to much, to a big fish. Next week it was on Ebay as a 64, $14k jump. This is not the norm, but it does happen.

 

100% true. Some people can pick up a phone or Email anyone at a TPGS. Trust me on this.

PS I had a Sebring Silver (originally 270 HP) 61 Vette modified with Isky cam and big Holly on a high rise (needed a hood scoop to clear) with Borrani wire wheels metallic brakes, 411 rear and off-road exhaust for over thirty five years. Sold it to a fellow in Miami in 1995 because I lost my garage. He restored it with the 2x4 barrels. I have a nicer car now but that was a loud "looker" & "runner." It was a pre-graduation present. I miss her!