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Coin Dealers not submitting coins to PCGS for public anymore
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<p>[QUOTE="SJVM, post: 1269042, member: 21559"]Generally speaking, PCGS slabs do bring higher premiums than NGC - a very unfortunate fact. If using the CDN certified coin index (as someone mentioned) the difference is minimal and at times, NGC claims the higher average. The point I wanted to make is that princeofwaldo is absolutely correct in his assumption that there is "funny business" going on with PCGS. The company has an interest in what their coins grade out as, and are by no means a true non-biased "third party".</p><p><br /></p><p>I must give credit to PCGS for having built the brand they have. As has been mentioned, the only significant difference between the two (NGC and PCGS) is personal preference - certain type standards excluded - but overall more people see PCGS as being "better", which drives the previously mentioned premium issue. If one wants straight, honest, and consistent grading, I recommend NGC, especially for variety coins considering the attribution fee charged by PCGS is beyond insulting. Personally, I wish NGC would return to their original standards (roots) and stop slabbing almost anything for a fee. PCGS is also just as, if not even more guilty of this. Think "slabbed gold dust". Come on!</p><p><br /></p><p>One more thing to consider is the fact that with the introduction of + grades and the popularity of CAC, the 64 on John Doe's Morgan dollar does not mean what it used too. This very same coin in a 63+ holder and a green bean will now, and I believe in the future, sell at a higher premium than a straight numerical grade. Slabbing is nothing more than a game.</p><p><br /></p><p>Pick whichever company you prefer and go with it. Never rely on anyone else to grade for you, be it PCGS, NGC, or Joe Schmoe at the corner shop. Learn for yourself and things should all fall into place sooner or later.[/QUOTE]</p><p><br /></p>
[QUOTE="SJVM, post: 1269042, member: 21559"]Generally speaking, PCGS slabs do bring higher premiums than NGC - a very unfortunate fact. If using the CDN certified coin index (as someone mentioned) the difference is minimal and at times, NGC claims the higher average. The point I wanted to make is that princeofwaldo is absolutely correct in his assumption that there is "funny business" going on with PCGS. The company has an interest in what their coins grade out as, and are by no means a true non-biased "third party". I must give credit to PCGS for having built the brand they have. As has been mentioned, the only significant difference between the two (NGC and PCGS) is personal preference - certain type standards excluded - but overall more people see PCGS as being "better", which drives the previously mentioned premium issue. If one wants straight, honest, and consistent grading, I recommend NGC, especially for variety coins considering the attribution fee charged by PCGS is beyond insulting. Personally, I wish NGC would return to their original standards (roots) and stop slabbing almost anything for a fee. PCGS is also just as, if not even more guilty of this. Think "slabbed gold dust". Come on! One more thing to consider is the fact that with the introduction of + grades and the popularity of CAC, the 64 on John Doe's Morgan dollar does not mean what it used too. This very same coin in a 63+ holder and a green bean will now, and I believe in the future, sell at a higher premium than a straight numerical grade. Slabbing is nothing more than a game. Pick whichever company you prefer and go with it. Never rely on anyone else to grade for you, be it PCGS, NGC, or Joe Schmoe at the corner shop. Learn for yourself and things should all fall into place sooner or later.[/QUOTE]
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