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Ebay Throws ANACS Under the Bus
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<p>[QUOTE="19Lyds, post: 1420407, member: 15929"]I do not believe for one second that NGC or PCGS had ANY say in this decision by eBay since neither company really NEEDS ebay. They have Heritage, Stacks, Teletrade. As it sits, Heritage does not sell raw coins but require all to be graded.</p><p><br /></p><p>eBay more than likely made the decision based upon the grade guarantee's and "<i>general perception</i>" that NGC and PCGS graded coins are accurate. The sad reality is that, at least for PCGS Graded coins, the registry plays a HUGE role in the prices paid for PCGS coins! I have a 2008-D JQ Adams Dollar that PCGS "says" has a value of $900 that without the PCGS Registry is worth $10 if even that.</p><p><br /></p><p>[ATTACH]172938.vB[/ATTACH]</p><p><br /></p><p><br /></p><p>How do I know that? Simple. I have an extra that was "offered" on eBay for $250 or BO. Not a single offer has ever been received! Why?</p><p>Simple, those that paid $900 and got that figure recorded already have one. As such, there is no market.</p><p><br /></p><p>Does this make PCGS Bad? No. BUT, folks need to understand the reasoning behind high PCGS coin Prices and understand the "reasons" that PCGS coins have, at times, high prices. That reason has nothing to do with the assigned grade.[/QUOTE]</p><p><br /></p>
[QUOTE="19Lyds, post: 1420407, member: 15929"]I do not believe for one second that NGC or PCGS had ANY say in this decision by eBay since neither company really NEEDS ebay. They have Heritage, Stacks, Teletrade. As it sits, Heritage does not sell raw coins but require all to be graded. eBay more than likely made the decision based upon the grade guarantee's and "[I]general perception[/I]" that NGC and PCGS graded coins are accurate. The sad reality is that, at least for PCGS Graded coins, the registry plays a HUGE role in the prices paid for PCGS coins! I have a 2008-D JQ Adams Dollar that PCGS "says" has a value of $900 that without the PCGS Registry is worth $10 if even that. [ATTACH]172938.vB[/ATTACH] How do I know that? Simple. I have an extra that was "offered" on eBay for $250 or BO. Not a single offer has ever been received! Why? Simple, those that paid $900 and got that figure recorded already have one. As such, there is no market. Does this make PCGS Bad? No. BUT, folks need to understand the reasoning behind high PCGS coin Prices and understand the "reasons" that PCGS coins have, at times, high prices. That reason has nothing to do with the assigned grade.[/QUOTE]
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