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<p>[QUOTE=&quot;LETSBUYCOINS, post: 43420, member: 2657&quot;]The issue of Grading is one that has a lot of controversy that seems will never get resolved.&nbsp;&nbsp; #1: PCGS:&nbsp; I have searched the internet for comments on slabbed coins, and I have been able to find postings by people that offer crtiticism of PCGS.&nbsp; PCGS is allegedly guilty of some degree of inconsistency in their grading.&nbsp; They are accused by collectors of over-grading coins submitted by large-volume dealers.&nbsp; PCGS seems to be the Harvard of the grading companies. But to use that analogy, lets say this: if you dont have an Ivy league degree, does that mean your degree is worthless?&nbsp; PCGS is overhyped!!! How does PCGS come to get the highest prices for their coins?&nbsp; I bought some NTC graded coins this month.&nbsp; And also a PIC graded coins.&nbsp; Some 1880-o morgans.&nbsp; The coins meet the grade.&nbsp; they are MS-63!!!&nbsp; So why NTC gets the bad rap it does is somewhat questionable.&nbsp; But reality is the NTC slabs are cheap;&nbsp; But because they dont get the high prices.&nbsp; You cant get screwed, because the the NTC slabs are as cheap as the unslabbed coins.&nbsp; At the very least, I would rather have an NTC slab, than have a pencil grade on a cardboard holder from some hustler who calls himself a dealer, and overgrades his raw coins.&nbsp; &nbsp; I would dare say there are TOO MANY GRADES!!!! How many bag-marks are too much?&nbsp; One guy says a coin is a MS63; Another says its an MS64.&nbsp;&nbsp; Theres comic books; cars; pocket watches.&nbsp; Name any collectible:&nbsp; The boks have had poor; average; mint.&nbsp;&nbsp; This is what the coin hobby should go buy.&nbsp; I want the MS-64 money! I want the MS-65 money!!! How do I get it? By cheating the novice collector???? Wee need refinement of the hobby.&nbsp;&nbsp; There should be specific guidelines.&nbsp; There should not be &quot;SLIDER&quot; coins!!!!!!!!&nbsp; People say &quot;Why should the congress stick their nose into baseball and the steroid issue?&nbsp; Let baseball clean up their own house.&quot;&nbsp; Listen, if congress wants to oversee baseball, then they should offer some guidance to the coin industry!!!!!!&nbsp;&nbsp; Ive just recently gotten into coins.&nbsp; The one slab I have that might be questionable is a PCGS slab.&nbsp; Im tired of &quot;Buy the coin, not the slab.&quot;&nbsp; I dont want to lose money on the resale, because the dealer or collector wants to apply his own grade to my coin.&nbsp; I want dealers and collectors to have more confidence in the grade of the grading company.&nbsp; &nbsp; ONE more word on PCGS:&nbsp; Guess what is on their slab:&nbsp; they have their stock-market symbol on the slab!&nbsp; They&nbsp; advertise their stock shares on the slabs.&nbsp; This is a BIGGER conflict of interest than the coin grading companies owning coin dealerships.&nbsp; &nbsp; In the corporate world, the constant obession is &quot;keep the stock price high; keep the stock price high; keep investor confidence up; keep the stock trading at high volume.&quot;&nbsp; And the SEC, the securities exchange commission is concerned with honest financial statements.&nbsp; They want the financials to reflect the actual earnings.&nbsp; As far as how PCGS graded the coins or comic books to get those earnings, the SEC doesnt give a crap.[/QUOTE]</p><p><br /></p>

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