Holy .... NGC just took PCGS behind the woodshed!

You said, "Go with NGC or ANACS over PCGS whenever you can." It was in regards to that WOW list VAM 1888-O Morgan that you helped me cherry. Even though they didn't recognize the VAM, you said I should get it slabbed by NGC instead of PCGS, then send it to get that attribution sticker put on the holder.

 

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Basically it comes down to what the customer demands.
Companies with over a 100 years of operation do go out of business . That's what happens when they do business like they did 100 years ago!
It comes down to this.....giving the customers what they want,and the bottom line.
Being progressive is the only way to maintain the black ink on that bottom line.
At the end of the day......it's about the bottom line....

 

ICG was very much an unwilling victim of that situation. They have their problems as well, but they didn't ask to get the rug pulled out from under them by ANACS, nor did the former ANACS employees who switched to them ask to become "former."

 

Bottom line don't always save the bacon.........still, I agree with you Paddy. Dems dat don't change regarding trends, will forever be lost. Like an old bugger like me........

 

Need I remind you what said in Anaheim stays in Anaheim ........ sort of like Vegas

 

If TPG's were so good at what they do, why is it that both older NGC and PCGS holders have become 'rarities'. If the grade was correct back when a coin was slabbed x years ago why are coins being resubmitted in droves for a new higher grade? Oh that's right it's a race to the bottom for TPG's and a race to the top for the grades they assign. Both companies share in the guilt of gradeflation imo.

 

Yeah. Because you have a better chance at getting a better grade with NGC... LOL

 

Nonetheless though mass swaps like that don't seem to go well. A person here or there seems to work just fine but a job fair of graders probably isn't ending well for anyone but the best of the best and there would be some top notch guys looking for a job

 

Well Ken since I'm in lips and hoofs .....yeah the bottom line does save the bacon.......as for the pig we use everything but the squeal!

 

Okay. But that was not my understanding of our conversationat the time. Not at all.

 

Probably very accurate.

 

True. Continuity and experience are absolute prerequisites in this niche, and all that chaos ten years ago did not help either company.

 

The older holders will upgrade is easily one of the biggest myths of collecting. Now when you remove the myth there are a few legitimate and logical reasons for the premiums.

The biggest is that the coin has proven to be stable for a long period of time. Steel cents, toners ect there is an advantage to this and along those same lines that holder shows the coin hasn't been dipped recently ect. NGC fatties everyone loves because they can produce toners that get big premiums

 

That's the only reason I would have said that. NGC has looser standards. That's why this article is so laughable. I couldn't stop chuckling when I read it.

 

Exactly. I think ANACS holder holds them back some, but to many standards over the years from big personal turnovers was just to much to overcome

 

NGC morgan grading is almost EXACTLY on part with PCGS Morgan grading from what I have seen.

 

@baseball21 if grading standards didn't loosen such much and thus by default many older holders didn't upgrade so easily, there would still be tons of those older holders around. Dealers & collectors wouldn't have bothered cracking out so frequently if there wasn't a monetary gain to it. How many millions of coins have the TPG's graded since inception? It's literally in the TPG's best interests (bottom line) to inflate the grades overtime as there's only so much market share to be had without cannibalizing themselves. But like anything else what goes up must eventually come down and it'll come crashing down eventually. What the examples referenced in this article show imo is the beginning stages of that occurring.

 

Did some did upgrade absolutely, just as some downgraded and some came back the same. Not everyone is good at the crack out game and no one hits on every single one. Some people really don't like the old PCGS rattlers. Others decided to cross coins from one to the other. Some cracked for albums which still happens to an extent today. Heck even just the introduction of Trueviews caused a lot of reholders or scratched slabs ect.

There are a lot of reasons a lot of those disappeared but not one of those reasons is because the overwhelming majority upgraded.

 

Sure. In general. But you have a faaaaar more likely chance at say a borderline 64/65/66 to actually get that 64/65/66 or a slider to get MS with NGC.

 

That's just too cool of an answer and I Don't Need to buy a book to know it.