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<p>[QUOTE="gmarguli, post: 129288, member: 246"]If you need proof that PCGS is inconsistent in grading, then I assume you’ve never submitted any quantity of coins to them, nor have you had discussions with dealers who submit to them. They are KNOWN for being very inconsistent. Most any dealer can tell you this.</p><p><br /></p><p>And if you want to trust the free market and dollars, take a look at where the money is spent on submissions. If PCGS is the king, then why does NGC grade more coins than PCGS? And why does ICG & ANACS grade a SIZEABLE amount of coins. If PCGS is so great as you say, can you explain why more than 2 of every 3 coins go to the other services?</p><p><br /></p><p><br /></p><p>So you’re saying that if a PCGS graded coin brings $30 more in the marketplace than an NGC graded one, but I had to submit it 3 times to PCGS to get the correct grade, that I’m still ahead? </p><p><br /></p><p>I’m quite familiar with P&L statements. I’m also quite familiar with the grading services. God knows I spend enough money grading coins – at least 50K last year. I’m well aware of the costs of resubmissions and the awful consistency of PCGS. If you had any contact with some real dealers in the industry, you’d be fully aware of this.</p><p><br /></p><p><br /></p><p>Correct, that is called profit. Now that page 1 of the Econ 1 textbook has been read it’s time to actually look at the numbers. </p><p><br /></p><p>You have a raw coin. It cost $1,000. It is a middle of the road MS65.</p><p><br /></p><p>NGC: Submission costs $30. You coin grades MS65. Total cost to you is $1,030. You sell the coin for $1,200 and make $170. This takes a month.</p><p><br /></p><p>PCGS: Submission costs $30. The coin grades MS63. You crack it. Resubmission costs $30. The coin bodybags for cleaning. Resubmission costs $30. The coin grades MS65. Total cost to you is $1,120. You sell the coin for $1,275 and make $155. This takes 5 months. Is this really a benefit to the submitter?</p><p><br /></p><p>If you think the above doesn’t happen every day, you are very, very wrong. </p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>I didn’t say they play games with the population reports, but rather they play games with the populations of coins in certain grades. Given your love for the 70 grade, you should know this. </p><p><br /></p><p>Question: How many coins have you submitted in total and to PCGS alone? My gut feeling is that you’ve never submitted a coin to any service and you think that PCGS is great based only on selling price of a few coins.[/QUOTE]</p><p><br /></p>
[QUOTE="gmarguli, post: 129288, member: 246"]If you need proof that PCGS is inconsistent in grading, then I assume you’ve never submitted any quantity of coins to them, nor have you had discussions with dealers who submit to them. They are KNOWN for being very inconsistent. Most any dealer can tell you this. And if you want to trust the free market and dollars, take a look at where the money is spent on submissions. If PCGS is the king, then why does NGC grade more coins than PCGS? And why does ICG & ANACS grade a SIZEABLE amount of coins. If PCGS is so great as you say, can you explain why more than 2 of every 3 coins go to the other services? So you’re saying that if a PCGS graded coin brings $30 more in the marketplace than an NGC graded one, but I had to submit it 3 times to PCGS to get the correct grade, that I’m still ahead? I’m quite familiar with P&L statements. I’m also quite familiar with the grading services. God knows I spend enough money grading coins – at least 50K last year. I’m well aware of the costs of resubmissions and the awful consistency of PCGS. If you had any contact with some real dealers in the industry, you’d be fully aware of this. Correct, that is called profit. Now that page 1 of the Econ 1 textbook has been read it’s time to actually look at the numbers. You have a raw coin. It cost $1,000. It is a middle of the road MS65. NGC: Submission costs $30. You coin grades MS65. Total cost to you is $1,030. You sell the coin for $1,200 and make $170. This takes a month. PCGS: Submission costs $30. The coin grades MS63. You crack it. Resubmission costs $30. The coin bodybags for cleaning. Resubmission costs $30. The coin grades MS65. Total cost to you is $1,120. You sell the coin for $1,275 and make $155. This takes 5 months. Is this really a benefit to the submitter? If you think the above doesn’t happen every day, you are very, very wrong. I didn’t say they play games with the population reports, but rather they play games with the populations of coins in certain grades. Given your love for the 70 grade, you should know this. Question: How many coins have you submitted in total and to PCGS alone? My gut feeling is that you’ve never submitted a coin to any service and you think that PCGS is great based only on selling price of a few coins.[/QUOTE]
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