Coin Grading/Authentication Services

I remember this thread when I first found this website wayyyy back when and started asking my millions of questions about every little coin I saw. Now Doug, I've been telling you how old you are ever since I joined. Now think how old you are eight years later . Nonetheless, I can't complain; you basically got me through all those rough patches of collecting when I first started. As always, good lookin out GD

 

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hehe four not eight technically for joining the forum

But that's cause I hovered around here for a long time before joining GD

 

true you got me.... for once

 

As quoted by the canadian coin news volume47-number17 addition page22 as ICCS,CCCS and PCGS grading services sold well at Torex the rest of the field were sold at a discount. Then again canadian coins and notes always sell at a premium for key dates from the new coin guy which has been collecting for over 4o years

 

An Objective Document

I totally agree with the usefulness of the "post document". I found the document many years ago while doing research at the time of the "action", which affected many "players" in the Numismatic "Industry". I was very sympathetic to the arguments of the plaintiff, and thought there must be an objective post somewhere in cyberspace, that has elements of the truths about Third Party Grading. I found this wonderful objective document, which I've delightfully read on numerous occasions, with great appreciation of the authors' integrity. Even though this thread is dated, I believe the origination document should be presented, and viewed, by more neophytes who have been converted to the TPG "Faith". :high5:

 

I just happened to see the link to this thread at the bottom of a page, saw Reid's name and figured it would be interesting, at the least.

The friction between him and MEM is part of the reason I didn't last very long on RCC. The other part is that if you dared to disagree with an established member, you were pounced upon relentlessly. So, their friction here is just a small idea of what RCC was like then, and probably still is.

Regardless, the thread does contain some good info, and some blasts from the past. I hadn't thought about ol' AH for years. Just did a google search and it seems like ACG went out of business. No great loss to the hobby in my opinion, but ACG does seem to have acceptance in Canada.

 

I Think this is the last part of messages I get on their websites..after new year of 2007.

[FONT=Verdana, Arial, Helvetica, sans-serif]The parties to the ASA Accugrade, Inc. litigation, Plaintiffs ASA Accugrade, Inc., Alan Hager and Diane Hager and the Defendants, the American Numismatic Association, Heritage Capital Corporation, Collectors Universe, Inc., Professional Coin Grading Service, Inc., Barry Stuppler & Company, Inc., and the Professional Numismatic Guild, Inc., together with their insurance carriers have resolved the dispute which was pending in the United States District Court for the Middle District of Florida. At a court ordered mediation, a confidential settlement was reached among all the parties. The settlement had no impact on the ANA's finances or budget. The agreement reached was to our total satisfaction.[/FONT]​

[FONT=Verdana, Arial, Helvetica, sans-serif]We will be attending the[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif]FUN Show Jan. 4-7, 2007.[/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif]Look for us there![/FONT]
[FONT=Verdana, Arial, Helvetica, sans-serif]Look for our redesigned Web site coming soon![/FONT]

ol AH, look like very well satisfied on the settlement..but what about or happen to the owner of their slabbed? The other day I saw one ACG Holder on E-Bay 1998 Kennedy half sold for 201.00 Item# 390167611434 some peoples still buying their ACG Holder.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=390167611434&ssPageName=STRK:MEWAX:IT

 

Personally, I don't trust any of the grading services, to give a fair and unbiased grade. When the "mega dealers" that spend literally millions of dollars a year and are always the first to have the MS-70 and PF-70 of any coin just released, it is advantageous to both parties to have a finite number of 70's but an infinite number of 69's. I've looked at 70's and 69's of the same coins and wondered, "Is the difference microscopic or fictional?" What chance does a collector have to score a 70, save the payment of the grading fee, which is non refundable. A collector sends in one or two coins, versus a mega dealer sending in millions of coins. You do the math!

 

NCS (Numismatic Conservation Service)

For moderm coins the charge is 22.50 / coin, this includes evaluation, conservation and NGC certification.

 

PCI And New owners

For The record,
I Kevin McNerney Did buy PCI From David Lawrence a few months ago and i along with a group of graders with the idea to try to bring the old service back. I relize this is more work then I can handle so im now in negotiations to sell PCI to a new owner who has the experience and resources to run this company.I know alot of negative talk exist on the internet about fake PCI Slabs and grading . I assure the coin community that is not the case. PCI is making changes to the holders so they have a obvious new look and not to be confused with the old holders. I also have sold all interest in NYcoinmart and all other coin selling venues ie:Ebay Amazon, Google Overstock teletrade ect. and have no involvement in selling PCI coins to the public. If you have any questions Please email me at Suggest you send him a PM or email via the forum if you wish. Or - contact me via PM and I'll give you Kevin's contact info. Your contact info has been edited out for your protection Kevin.

Thanks
Kevin

 

2004 survey I think it's a little outdated, todays results may be different.

 

cost to slab?

We are all aware of the significant cost to send a coin and have it returned in a shiny new slab. It better be a $100 min coin before paying the fee to slab or you are just digging a hole.
Now what I wonder is the seemingly huge number of slabbed coins that sell for under $10? For instance I have a few Ikes that are nice but I have no idea why someone would have slabbed them. Did the original owner pay the $30-$40 cost to slab or did they get a discount like the TV shows or big auction houses get?
Maybe the huge number of PF69s mean they send in a roll hoping to get a few PF70s? I still dont see how there could be a profit i the end for them even with the absurd overprice for a 70. Not to mention the percentage of coins that are less than 69 and so get no slab but are returned to owner to be thrown in a roll and ebayed.

Heres an example of a $-10 coin that would represent a $30min loss to you or I yet this seller seems ok with the price.

http://www.ebay.com/itm/PCGS-2010-S-Proof-LINCOLN-SHIELD-Cent-Penny-PR69-DCAM-Deep-Cameo-USA-Coin-Slab-m-/120783522673?_trksid=p3984.m263&_trkparms=algo%3DSIC%26its%3DI%2BP%26itu%3DUCI%2BIA%2BUA%2BFICS%2BUFI%2BDDSIC%26otn%3D5%26pmod%3D260880677089%26ps%3D63%26clkid%3D4332103794095746709

 

I believe you can get the cost of grading down to $8 per slab with bulk submissions, so the seller may still be able to sell at $0.01 for a $2.00 profit.

 

I'm not sure it saves them any money, I'm pretty sure they're charged regardless of whether the coin is put in a holder or not, same with non-bulk sumissions. Given that, it seems senseless not to have the coin slabbed and sold at near cost.