Coin Dealers not submitting coins to PCGS for public anymore

Shareholders aren't generally able to influence the day to day opertions of a company. In the case of PCGS, they are owned by a holding company called "Collectors Universe" which also owns a number of other large concerns who sell PCGS slabbed coins to collectors. If you paid attention to the PCGS announcement of their new Secure Plus service a few years ago, you would have seen a video PCGS produced which included testimonials from a number of different major players in the coin industry, all of which just happened to also be owned by Collectors Universe. Pretty easy to assume if they allow that kind of unscrupulous behavior to go on, that the favors within their holding company are reciprocal.

 

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PCGS graded coins still bring more money than ngc graded coins over all. If you look at the blue sheet put out by the coin dealers news letter (gray sheets) you can see the difference in prices. And as far as being friendly I found the folks at PCGS to be GREAT and very friendly.

 

Thanks,

I actually started a new thread to discuss that topic. Appreciate your input.

 

Generally speaking, PCGS slabs do bring higher premiums than NGC - a very unfortunate fact. If using the CDN certified coin index (as someone mentioned) the difference is minimal and at times, NGC claims the higher average. The point I wanted to make is that princeofwaldo is absolutely correct in his assumption that there is "funny business" going on with PCGS. The company has an interest in what their coins grade out as, and are by no means a true non-biased "third party".

I must give credit to PCGS for having built the brand they have. As has been mentioned, the only significant difference between the two (NGC and PCGS) is personal preference - certain type standards excluded - but overall more people see PCGS as being "better", which drives the previously mentioned premium issue. If one wants straight, honest, and consistent grading, I recommend NGC, especially for variety coins considering the attribution fee charged by PCGS is beyond insulting. Personally, I wish NGC would return to their original standards (roots) and stop slabbing almost anything for a fee. PCGS is also just as, if not even more guilty of this. Think "slabbed gold dust". Come on!

One more thing to consider is the fact that with the introduction of + grades and the popularity of CAC, the 64 on John Doe's Morgan dollar does not mean what it used too. This very same coin in a 63+ holder and a green bean will now, and I believe in the future, sell at a higher premium than a straight numerical grade. Slabbing is nothing more than a game.

Pick whichever company you prefer and go with it. Never rely on anyone else to grade for you, be it PCGS, NGC, or Joe Schmoe at the corner shop. Learn for yourself and things should all fall into place sooner or later.