Holy .... NGC just took PCGS behind the woodshed!

https://www.ngccoin.com/news/articl...zZ1RVU2JPaGgzRlBzQWZGM21jN0xSQnh4Yks1QU5YVSJ9

 

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Sounds like he's trying to rustle some customers away from PCGS........I wonder how PCGS feels about NGC coins?

 

To me this is unprecedented. Never have I heard one of the "big 2" call out the other in such a direct manner! He presents some compelling evidence, although, the market drop over the past 2 years has some to do with the prices realized....

 

Should make for some spirited commentary for sure.

 

It's just comes off as being petty. It looks like they don't believe their product can stand on it's own so they have to try and build theirs up by tearing the other down.

Also judging from every message board on collector forums including their own, I have no idea where all these positive comments about their registry decision are supposedly coming from

 

At the NYINC I saw much more people submitting coins at the NGC table than at the PCGS..
The lady at the PCGS table looked kind of bored and sad.

 

This could be the result of resubmissions, maybe? I would like to see similar graphs and numbers for the same coins in NGC holders.

 

They numbers speak for themselves. You can make what you want about the comments, but numbers dont lie. I mainly buy pandas & for years NGC has been held by collectors for panda coin as the grading company of choice. If you dont believe just look any panda up on ebay & there 10 to 1 against PCGS.

 

Hype..... has a way of misleading the average human.
Smoke and mirrors will always cost you.....forget the slab buy the coin! No matter who or hasn't graded it.
And if you believe that the plastic is a guarantee well ....craps you loose!

 

Oooh. That's gonna leave a mark.

I'm pretty sure Heritage's Pop numbers are as of the time of the auction; a little research should indicate if anything similar has happened at NGC over the last few years. Gotts go across the street to 7-11; I'll look into it when I get back.

And if they're resubs, why is PCGS upgrading everything all of a sudden?

 

The column writer makes some good points. Wonder if PCGS will counter them.

 

Yeah, but that show deals mostly with world/ancient coins, and I think in that realm, NGC has it over PCGS.

 

NGC does more business than PCGS already. So I'm not sure they need to "build themselves up" by tearing them down.

 

I know, having talked to a lot of other dealers at shows in 2016, that resubmissions and attempts at upgrades has become a HUGE part of their business. One dealer in particular told me he spent well over 6 figures with PCGS last year, "mostly trying to get upgrades."

 

PCGS had an article the other week making a big deal about the 10 most expensive coins at some auction were all in PCGS holders. That is a smack at NGC, whether or not they said "NGC". So maybe NGC just wanted to set em straight.

 

Quick look at the first two issues mentioned, the 1912-S in 66 and 1939-S in 67: Over the last ten years, NGC went from 5 to 13 on the Nickel in 66 and from 29 to 46 on the Quarter. In ten years. Assuming, of course, Heritage's figures (these are mentioned in the auction writeups, not the charts below which seem to reflect today's numbers regardless of the auction date) are accurate.

 

Wonder if the crossover accounted for a few of these?

 

On that note, NGC posted recently stating that at the NYINC auction 42 of the top 50 lots sold were in NGC holders.
https://www.ngccoin.com/news/article/5742/

 

I bet NGC Pops will be increasing soon.

 

Most likely, but there's no doubt in my mind that PCGS just got (appropriately) called out for the games they've been playing.