Best TPG for world coins. Weigh in!

This makes more sense for both points. I assumed that is what you meant by catalog. I too am very familiar with this process. In my current case, I had done this, but for some reason, they did not recognize it on the label, despite it being a blatant example.

 

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That's fair. I just don't consider SEGS to be anywhere near the top 4 (NGC, PCGS, Anacs, ICG). And my personal experience with the guy that runs it (he was pretty careless and hard to deal with at a show) along with a thread on here a while back where SEGS nullified it's guarantee (they switched the company name and all slabs before a certain point have no guarantee, even if the slabs look the same as the newer ones) have really soured my views on the company overall.


This was the thread (the original poster made some poor judgments, but the actions of SEGS didn't reflect well on the company):
https://www.cointalk.com/threads/segs-not-honoring-guarantee.279756/

 

Most of my slabbed world coins are in NGC holders. I think I only have 2-4 in PCGs holders.

 

Thanks to those who participated.

Looks like NGC is the clear winner with more than 75% of the vote.

 

That's who I thought, even though I don't have any world coins (just going from what I see at shows).

Any reason why you think so and the vote leans that way ? Huge lead vs. the others, including PCGS.

And I take it their "downsides" are the same things you've talked about with domestic coins and NGC/PCGS ?

 

Wow...seems like the "PCGS Premium" for U.S. coins flips when we are discussing World Coins, huh ?

 

Yes, NGC has the higher premium for world coins. I've listened to dealers and sellers argue that a dealer was asking NGC prices for a PCGS slab.

 

I've seen many MS60-63 PCGS world coins that I knew would not cross to NGC as better than AU, and others straight graded in PCGS slabs that would not slab problem-free at NGC. Above a 63, I assume sight-unseen that the grade is most likely one point overgraded on any world PCGS slabs. Perhaps 10% of the PCGS world coins I've dealt with have been accurately graded in my opinion. With NGC it's more like 90%.

 

Depends on the country. This forum is notoriously anti PCGS. The market shows what is really going on. 15 years ago it was NGC without a doubt, but times change and there are plenty of countries where the premiums do exist.

 

Please provide us some examples that you've seen firsthand. I've yet to go to a country outside the US where PCGS holds higher premiums than NGC.

 

Yes, you perfectly articulated my feelings on this, with a brilliant explanation. Their grades match my own because they aren't inflated like US coins, due to a lack of market pressure to overgrade.

Perhaps PCGS is mistakenly applying the same lenient standards to world coins than they are to US coins? But for the world market, that just makes for ridiculous grades, since (at least for Europe) world grading tends to be tighter than the US.

 

This week I have been in contact with a dealer in Norway. We are exchanging coins (a London-issue 1942 25 øre, both MS). Mine is raw, his is in an NGC slab. It is hard for him to sell slabbed coins as the vast majority prefer theirs raw. I prefer NGC-graded world coins because I know my daughter will have to sell them someday if I don't before I tip over.

According to this gentleman, who is very knowledgeable, IMHO, if he DOES see slabbed coins in Norway they are predominately NGC with a few PCGS sprinkled in. Nothing else.

Steve

 

Merely an observation from watching Japanese auctions. In Japan PCGS seems to have made quite the impression. Plus 'the best' cachet takes root when properly marketed.

PCGS has started using the JNDA catalog as their reference which is far superior for varieties and numbering. I have seen coins that are numerically graded the same, and with similar features (ie same degree of toning) and the PCGS ones will go higher. I purposefully seek out the NGC slabs in one particular auction house for that very reason.

I will try and cross a PCGS to NGC slab only when it suits a registry set (an affliction I came down with for awhile), but otherwise am slab agnostic. The PCGS bump does not always translate well to the NGC grades though so I generally allow for a drop when I fill out the paperwork. I'd say about 10% of my (slabbed) Japanese coins are in PCGS slabs. Wish NGC would go JNDA. I also prefer the aesthetics of the PCGS slab. Those dang prongs.

That said, I have submitting privileges at NGC, not PCGS. Love their customer service and responsiveness.

 

Got a bit late into this thread....
Here in Canada, we have CCCS. They grade like CNG/ very strict. I had a CCCS coin regraded by NGC/ the CCCS grade was MS-62/ NGC graded same coin MS-66.
I like ANACS for their data/ its way more complete then PGGS/ NGC.
All TPG companies do a horrible job on grading Medieval hammered coins/ a German auction like Kunker will grade NGC MS-65 coin as a Vorzg.(EF) Same with CNG/ Adams Coll. coins went up from EF to MS-65 when slabbed.
John

 

These kinds of statements are where credibility is lost

Like I said this is a notoriously anti PCGS forum by many members, the market always rules though and shows otherwise.

 

Are you saying CT is pro-NGC overall or with U.S. coins ?

I kinda thought CT's veteran guys were most down on BOTH TPGs.

 

There is an anti PCGS vibe in several discussions for whatever reason, and if you really want to see some people get upset ask about CAC.

Page 46 of the EAC grading guide found PCGS to be more conservative at the high end but people say what they will. That doesn't even get into the whole grading discussion on what grading actually is.

Anyways, people can find out the facts for themselves in the market but it is their right to believe wild claims if they want too. I just feel bad if they make their decisions entirely based off of forum polls when it may hurt them but what can you really do?

 

Except that I made a speculation, not a statement of fact. And it is based on years of experience with PCGS world coins. When I see a world coin in a PCGS slab that I feel is graded correctly, I am literally surprised. That didn't just happen overnight.

Some caveats, the slabbed world coins I deal in are Austria, Hungary, Mexico, Canada, and Spanish Colonial. And actually, I think PCGS' grading for Canada is higher quality than for the other countries. Perhaps they have too much competition in the Canadian market to get it wrong, considering ICCS, CCCS, and NGC. Their grading for Austria and Hungary is quite bad, however.

When I'm at Whitman next week, I'll take note of how many world dealers use PCGS instead of NGC. I've not missed a show in many years, and I can tell you, it will be the vast minority and likely similar to this poll.

I don't see much evidence to support your opinions here that PCGS is so widely respected in world. If this is true, or perhaps true that there are simply some countries they do very well on, due to in-house expertise, I'd like to know.

 

For those who voted PCGS, is there a particular country you collect in PCGS slabs? How do you feel about their grading for that country?