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Bought a 1908 No Motto $10 Gold Eagle Raw
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<p>[QUOTE="johnmilton, post: 3411336, member: 101855"]I have long advocated that collectors need more viable grading services that just two. The trouble is many collectors have the NGC - PCGS mindset because coins housed in those holders are easier to sell and bring higher prices. I will plead guilty to that charge. </p><p><br /></p><p>In addition the second tier companies have let their standards drop from time to time. The problem is they are stuck between a rock and a hard place. If they grade an expensive coin conservatively, someone is going to crack it out and send to the one of the “big two.” Currently PCGS is getting more business than ever. Even NGC is getting to be “the second grading company.” </p><p><br /></p><p>All of the other firms’ mistakes stay in their holders. Their properly graded material ends up on PCGS. Consequently it makes the other firms appear to be more lax and than they really are. </p><p><br /></p><p>When you add CAC to mix, it gets even harder for the other companies. Currently there are a large number of collectors who will buy nothing but PCGS-CAC coins. For them NGC-CAC doesn’t cut it. </p><p><br /></p><p>For those who think that CAC is perfect, I would urge you to go to a lot viewing before a major auction and run some boxes. If you know how to grade, you will be shaking you head over some the CAC approved material.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3411336, member: 101855"]I have long advocated that collectors need more viable grading services that just two. The trouble is many collectors have the NGC - PCGS mindset because coins housed in those holders are easier to sell and bring higher prices. I will plead guilty to that charge. In addition the second tier companies have let their standards drop from time to time. The problem is they are stuck between a rock and a hard place. If they grade an expensive coin conservatively, someone is going to crack it out and send to the one of the “big two.” Currently PCGS is getting more business than ever. Even NGC is getting to be “the second grading company.” All of the other firms’ mistakes stay in their holders. Their properly graded material ends up on PCGS. Consequently it makes the other firms appear to be more lax and than they really are. When you add CAC to mix, it gets even harder for the other companies. Currently there are a large number of collectors who will buy nothing but PCGS-CAC coins. For them NGC-CAC doesn’t cut it. For those who think that CAC is perfect, I would urge you to go to a lot viewing before a major auction and run some boxes. If you know how to grade, you will be shaking you head over some the CAC approved material.[/QUOTE]
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Bought a 1908 No Motto $10 Gold Eagle Raw
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