quality in the different grading companys?

I was wondering if anyone can help me with a question I have? Is there any differents, as far as quality in the different grading companys? Why does one companys coins of the same grade seem to go for more?

 

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Some companies grade their own coins before selling them. That is a conflict since no 'third party' is truly involved, so they are not really a "third party grader." They just want people to think they are. They are not reputable and are often crooks. The coins you might get from them will never be accurately graded. Each and every coin is marked up several grades. For example, one seller that sells on ebay will often sell an impaired AU as an MS-69.

I personally place confidence only in PCGS, NGC, ANACS, and ICG. I'd consider all others to be self-slabbers (and usually they are fly-by-night operators).

Prices for top TPG's are similar, grading similar, slabs similar, customer results similar. : )

 

GD is absolutely correct, PCGS and NGC are really the only companies that are really any good. But his second statement (which I quoted above) is the key...be sure that you agree with the grade by grading the coin yourself before you buy it. Remember, there are premium and lower end coins in any grade.

 

I agree, I only have confidence in NGC and PCGS. I have more confidence in NGC & PCGS with

:smile

 

I'm new to collecting and love silver eagles. I recently bought a coin on ebay that according to PCGS, the coin is worth $1475. But the coin was graded by ICG. I'm hoping I just got lucky, because I only paid around $200. No one else bidded! Thank you all in advance for taking the time to anwser my questions. I also was wondering, If anyone has heard about wheat pennies in the 1940's with errors. I have a penny I found that only has three numbers 194?, I used a 20x magnifier and it looks like there could be a 4 there, but its very weak.

 

Well, I figure its all in the learning. I'm a bit bumed but as long as I learn from my mistakes. What do you use for priceing?

 

I must tell you that I've been impressed, at how everyone I've talked to about coin collecting is all been very polite and willing to talk to me about collecting. So THANK YOU very much for your time.

 

Stick around my friend. Everyone here loves to talk coins and have a ton of information to share. I can't tell you how much I have learned since I joined...and it's a fun place.

 

FLAME WAR - Reds to the LEFT - Blues to the RIGHT!!

 

see if you can return it. There is no reason to be robbed.

Ruben

 

Thanks, I love coins, all U.S.,but I started collecting indian head pennys,morgans,and silver eagles. I guess I'll sit back a while and watch the auctions and read more about collecting. I'm still wondering about that 194? error wheat penny if you can tell me anything? I'm thinking of going to a grader to see what they can tell me. The closest one to me though is New Orleans.

 

I didn't explain everything about the eagle, its exact info. was a 1991-p PF70 deep cameo, graded by ICG. If that makes any difference.

 

It sounds like a grease filled die. What happens is, when the coin is being made...sometimes grease gets in there and clogs up some of the features on the die (the part that strikes the blank metal planchet and makes the coin). It's very common for grease to get on the die and cover up the date, Liberty, ect... It's kind of cool, but doesn't really cause an increase in value. Here is an example of one. Again, its a neat find...but it really is common.

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Cool, thanks.

 

No problem. :thumb:

 

I would like to say a few things about coin grading services. I have more than 60 slabbed & graded coins. When I look for graded coins, I always look for the coins I like, in my price range.
Certainly, PCGS and NGC are the most sought after coins for consistency of grade. Anyone who has collected for some time knows this. The grade each coin receives is nothing more than the consensus of the graders that examined the coin. Because grading is not a science, but an opinion, all grading is subject to human error.
I wanted to check this out for myself, so I took a PCGS MS70 Silver Eagle that the plastic slab had a crack in it. The coin is not of high value, but a really nice coin, anyway.
I thought it was a great time for an experiment. I carefully took the Eagle out of the PCGS slab it was in and submitted it to ICG for an economy grading. After a few weeks, the Eagle came back from ICG, in their slab. The Eagle had the exact same MS70 grade that it had when it was in the PCGS slab.
Since that time, I have purchased several coins graded by ICG. What I've found is that the ICG slabbed and graded coins are always less expensive than coins graded by PCGS or NCG.
I have gathered quite a bit of information on ICG. I would say that they are more involved in just grading coins and doing coin shows than they are selling coins in stylish slabs, and the other products that PCGS or NGC push.
Personally, I feel the coin collecting community is controlled by a bunch of "SNOBS." The people at the top of the hobby manipulate the hobby to keep PCGS and NGC as the top tier graders, ICG and ANACS have been relegated to second-tier companies, but DO NOT THINK for one minute you are buying an inferiorly graded coin.
Again, coin grading is an Opinion and not Science. All 4 of the top grading services make mistakes, even PCGS & NGC make mistakes too!!!
I don't think for one minute that this ISN'T A PRECONCEIVED PLAN by the top two coin grading services to keep ICG beneath them in the coin collecting community.
I will tell you that when I attend a coin show, I buy the coin that fits my budget and the coin I like, not the Grading Company!!!
I like ICG very much!!!