Anyone heard of NuGrade?

Discussion in 'US Coins Forum' started by Wcj10, Jun 19, 2004.

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  1. National dealer

    National dealer New Member

    ACG was the service involved in the suit against the collectors and dealers that you referrenced.
     
    National dealer, Oct 29, 2004
    #21 + Quote Reply
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  3. MoneyBucks

    MoneyBucks New Member

    I've had very good results with using PCI and they are very tough and accurate graders with copper coins. Since they have been around for over 10 years, why aren't they more accepted?
     
    MoneyBucks, Oct 30, 2004
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  4. jody526

    jody526 New Member


    Well, there are several reasons as to why PCGS and NGC get the lion's share of the slabbing market.

    Rather than listing the reasons, let me just tell you why I don't pay for PCI's "services".

    Coins and coin holders, are already expensive enough. I don't need to spend more on them, and paying someone to tell me what I already know, is a luxury I can live without.

    Now, I agree that there are times when authentication is called for, but grading? Come on now. Surely we can tell whether or not our coins are circulated, and if so to what degree.
    And if they are uncirculated, surly we can tell how full the strike is, and how many bag marks they have.

    BTW, welcome to the forum, and good luck with your collecting direction.
     
    jody526, Oct 30, 2004
    #23 + Quote Reply
  5. mintmark

    mintmark New Member

    Correct, and the ex-employee mentioned in the article that ACG is suing is John Callandrello who is the owner and founder of NuGrade. Nugrade was the company Wcj10 asked about.
     
    mintmark, Oct 30, 2004
    #24 + Quote Reply
  6. GDJMSP

    GDJMSP Numismatist Moderator


    When PCI first started out their grading standards were quite consistent with the accepted standards and accurate grades were assigned. But not long after the company changed their grading standards to be much looser and more forgiving. Recognizing this, the marketplace soon began to discount the value of coins slabbed by PCI. Then the company was sold to new owners and the grading accuracy became even worse.

    A few collectors who know this and who can tell the oldest PCI slabs from the newer versions can often pick up a bargain. And the coin will often cross over at the same grade even with NGC and PCGS. But this is only true with the oldest slabs.

    I for one would not suggest that anyone use or purchase coins slabbed by PCI unless they can accurately grade coins for themselves. Otherwise you are likely to make a very large monetary mistake.
     
    GDJMSP, Oct 30, 2004
    #25 + Quote Reply
  7. satootoko

    satootoko Retired

    Actually Doug, I would word it just a tiny bit differently:
    I for one would not suggest that anyone use or purchase coins slabbed by ANYONE unless they can accurately grade coins for themselves. Otherwise you are likely to make a very large monetary mistake.
     
    satootoko, Oct 30, 2004
    #26 + Quote Reply
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