Does GC "upsell" to PCGS?

Discussion in 'Coin Chat' started by AtlantaMan, Oct 8, 2024.

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  1. geekpryde

    geekpryde Husband and Father Moderator

    Circling back to the op's original question and statement, regardless of anyone's personal opinion or experiences here, I certainly would strongly recommend you listen to whatever Great Collection's rep recommends to you. They are not doing it to line PCGS pockets by upselling unsuspecting cosigners. They're doing it because it's what's best for you and for them based on the material you are trying to sell. It might be based on the value that will be squeezed from the coins or it could be based on timing depending on if you ask them to liquidate them and the most efficient manner. I suspect it's based on several variables, but ultimately it's a simple decision based on trust.

    Do you trust Great Collections to give you good advice?

    I have personally never seen anyone make a post on any forum that was highly Negative about Great Collections. Every business, no matter how good, might have a little customer service problem here or there, but it's how you handle those situations that matters .

    To my knowledge, over more than a decade of dealing with GC, no one has ever questioned their character or reported anything that would tarnish their stellar reputation.

    That is enough for me to trust their judgment. And when I co-sign coins to them for the first time which I believe will be next year, I will go with whatever they recommended, Even if it might be counter to my own personal opinions about the coins.

    One final thought I have is that if you really are questioning the advice then I would recommend sending a personal email directly to Ian himself and pose any questions you might have for concerns and he will likely respond to you personally as he is done for many members, including me.

    Man, I can't seem to make a concise post to save my life. They all turn into novels... LOL
     
    geekpryde, Oct 9, 2024
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  3. PlanoSteve

    PlanoSteve Well-Known Member

    Geek, I'm going to add my last chapter to this tome:

    Yes, I think most of us agree that GC gives great advice & PCGS is an optimum TPG to sell a valued specimen; so I think the OP's question was addressed (and based on personal opinions or experiences, no less).

    But I'm sure you are aware that most threads on CT open up secondary issues/ideas and it's not "regardless of anyone's personal opinion or experiences", but exactly because of anyone's personal opinions or experiences.

    The secondary issue presented in this thread, which is the intentional refusal to consider any particular specimen because of the slab it is in is patently absurd and a poor message to any collector, no less newbies (they don't need those kinds of ideas!). It can be a double edged sword: We buy the coin, but we sell the slab. Sometimes that's just the way it is!

    OK, as good as the OP's thread is, I'm done!
     
    PlanoSteve, Oct 9, 2024
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  4. geekpryde

    geekpryde Husband and Father Moderator

    100% agree, and in fact I always agreed with what you said from your first post in this thread. (not sure if I conveyed that correctly) But like I replied earlier, it's purely about *time* for me. I just don't have the time to look at, or reholder, the new yellow ANACS slabs, hence I filter them out. It's just that simple.

    Am I missing out on good coins? 100% Yes I am. Do I worry about that? Not a bit. I already see 50+ coins a week I would like to buy, but can't afford, or that don't fit into my set, or that are upgrades to coins I already own but don't want to upgrade, etc. I am not suffering from lack of material, I am suffering from lack of money & time, so I need to be very strategic with my coin shopping.

    Do I recommend any collector here blindly follow my advice or how I personally coin shop or collect, absolutely NOT. But as you said yourself, I occasionally make an *intriguing* post, and I hope that sometimes I do help with advice or give ideas to people that they can consider, without taking my word as gospel because I've been here a long time, or have a Moderator title.


    P.s. And I do LOVE active threads here on CT that wander into secondary and tertiary topics. I still like to loop back to the original topic from time to time, so that the OP of a thread doesn't think it's been completely derailed.
     
    geekpryde, Oct 9, 2024
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  5. ddddd

    ddddd Member

    We're all good! I think we both were trying to clarify what we were saying and ended up saying the same thing in different ways. [hopefully that made sense:D]
     
    ddddd, Oct 9, 2024
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  6. ddddd

    ddddd Member

    I personally don't like the fact that so many almost blindly think PCGS is the best and that the rest of the slabs are almost like sloppy seconds. Quite a few of us on here look at the coin before the grading company. However, I know what the market says (that PCGS generally sells for more than a coin in the same grade in another slab) so from a strictly financial sense, a seller is better off maximizing their return rather than fighting the market perception.
     
    ddddd, Oct 9, 2024
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  7. greatcollection

    greatcollection Junior Member

    I reviewed the coins myself and caused this. :)

    I strongly believed the OP would net more money having them graded at PCGS, taking into account the difference in grading costs. If I owned them, there would be no question. One coin in particular, if I'm right in what it will grade, I predict will sell for $100s more in a PCGS holder. I still think ANACS will do a great job - and we still submit a lot of coins to them (and other grading services).

    Also - the question of conservation - very few coins actually benefit from conservation. I believe less than 1 in 100 on average. Many people believe conservation can save or improve every coin, but it doesn't work that way. I thought there were some PVC issues on a few of the coins (Andy thought one, I think, while I thought another one or two), which we can simply remove that at no cost and without any chance of damage to the coins. PVC does not need conservation in the vast majority of cases.

    Despite our recommendation, we're 100% flexible - and it is always the consignor's decision.

    PS. It is much more common that we recommend coins to go the lower cost ANACS route that a client wanted to spend extra money at other grading services. In fact, this might only be the 4th or 5th time in 13 years we've recommended it the other way.

    - Ian
     
    greatcollection, Oct 10, 2024
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  8. charley

    charley Well-Known Member


    Thank you Ian.

    Logic. It helps.

    More importantly, and more important, is your service to the Hobby community and reaching out when the Hmmm type collector questions are in need of clarity.

    Truth in editing: added an "r" where needed.
     
    Last edited: Oct 10, 2024
    charley, Oct 10, 2024
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  9. AtlantaMan

    AtlantaMan Member

    Thank you all for a great discussion and valuable direction. I'll defer to GC's recommendation and go with PCGS.
     
    AtlantaMan, Oct 10, 2024
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  10. KBBPLL

    KBBPLL Well-Known Member

    I'll be interested to find out how the grading and auction went. I'm curious which coin would sell for hundreds more in a PCGS holder, given your estimate that these are $200-700 coins.
     
    KBBPLL, Oct 10, 2024
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