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

Keep collecting coins my friend. Let the TPGs implode if they will as it shouldn't affect your enjoyment.

 

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For any computer grading program to work properly, it would have to recognize the MS 70 for every series, then deduct points from there. There are many, many series of coins in which no MS 70 exist, so those series would have a "made up" starting point".
Then every coin would still have to be looked at by a human, to determine why a coin that looks MS, got a Details, No Grade, from the computer because of a clash, strikethrough, or just plain old dirt on the coin.

 

I think you misinterpreted what I wrote. It's not the same person with three coins.
There are 3 separate individuals and each one has 1 coin.

Person A: Original Coin A
Person B: Gets the MS 67 grade on Coin B
Person C: Gets an MS 67 on Coin C

...Now Person A tries to upgrade Coin A to MS 68. Person A is unsuccessful multiple times. They could send the labels back to the TPG to fix the population, but for some reason fail to do so. This created the population of 10 with only 3 unique coins.

 

A response! (I haven't read yet)
https://forums.collectors.com/discussion/974881/pcgs-grading#latest

 

Oh no he said dealers buy NGC coins and crossover to PCGS at a lower grade so they can sell them for more money!

 

It made me scratch my head and go huh when I read it.

 

This is getting juicy.

 

Me too, but then I read it like "our MS64 coins are worth more than their MS65s"

 

In many cases that's true.

 

that's how I read it.

 

Now that's what you call a letter written from a position of strength

 

In some coins, especially expensive coins (think $4k and up), it is true that NGC coins sell at or less than a PCGS coin graded one point lower.

 

If you're using "strength" as your spelling for "arrogance."

 

Now more than ever I see it as my duty to buy slabbed coins and break them out.

 

@imrich That was a question I was going to ask, that being, does CAC grade with their own standards or do they use the standards regarding the the respective TPG'er. Thanks for the enlightenment.

@Earle42 Thanks for your story as well Earle. Sometimes we choke on the cool aide.

 

CAC has its own standard, which boils down to if John and crew like it and would buy it at the assigned grade, they put a sticker on it. The only published standards (other than an acknowledgement that CAC has its own standards) that I am aware of are for one of the strike designations (FBL on Franklin Half Dollars).

 

@green18
P.S. CAC is also quirky. John doesn't like some grades and ignores them all together. For instance, he treats AU53 and AU50 the same. Go figure!

 

So you're saying their standards/requirements are totally their own? That the grade definitions for the respective companies don't play at all into CAC's determination of weather or not a coin is true to grade?

 

So it seems the 'big two' are as well.......

 

Whether........