Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Holy .... NGC just took PCGS behind the woodshed!
>
Reply to Thread
Message:
<p>[QUOTE="Sean5150, post: 2624617, member: 75607"]I think the biggest problem pointed out in this thread is that there is an unknown number of crackouts that have inflated an unknown number of pops. This will cause price deterioration if left unchecked across the board, so something needs to be done to prevent this. A census, an audit, coin "fingerprinting", regardless of if the specific coins mentioned in the OP are a victim of this. That's the logical next step, but will never happen because as was mentioned they make money off crackouts. But this system will eventually be unsustainable as the pops will continue to be inflated. </p><p><br /></p><p>The other thing to remember is that TPGs are relatively new to the market as a whole. Combine that with the readily available information on the internet and you have more knowledgeable buyers or novice collectors getting into this game. So cherry picking data like this can lead to inaccurate conclusions based on one data set. Like was also mentioned, you need massive amounts of data across all grades and rarities to find any pattern. It could be that PCGS was protecting the value of these coins by undergrading them, crackouts inflated the grade, or simply more people have been educated that a 1995-W could bring a ton of money with the right grade and submissions exploded. </p><p><br /></p><p>I know it's easy to think we have had the internet for way longer than five years, but even in the last five years the access and information has expanded exponentially. This has to affect the coin world just like it's affecting every other aspect of life. As far as PCGS playing games, I don't know. But Occam's razor dictates with that many wolves running the chicken coop there's gonna be some missing hens. Both TPGs tend to grade in a range, but I have seen inconsistencies across the board and even across submissions to the same TPG. Most of this can be attributed to human error (or not error, predilections).[/QUOTE]</p><p><br /></p>
[QUOTE="Sean5150, post: 2624617, member: 75607"]I think the biggest problem pointed out in this thread is that there is an unknown number of crackouts that have inflated an unknown number of pops. This will cause price deterioration if left unchecked across the board, so something needs to be done to prevent this. A census, an audit, coin "fingerprinting", regardless of if the specific coins mentioned in the OP are a victim of this. That's the logical next step, but will never happen because as was mentioned they make money off crackouts. But this system will eventually be unsustainable as the pops will continue to be inflated. The other thing to remember is that TPGs are relatively new to the market as a whole. Combine that with the readily available information on the internet and you have more knowledgeable buyers or novice collectors getting into this game. So cherry picking data like this can lead to inaccurate conclusions based on one data set. Like was also mentioned, you need massive amounts of data across all grades and rarities to find any pattern. It could be that PCGS was protecting the value of these coins by undergrading them, crackouts inflated the grade, or simply more people have been educated that a 1995-W could bring a ton of money with the right grade and submissions exploded. I know it's easy to think we have had the internet for way longer than five years, but even in the last five years the access and information has expanded exponentially. This has to affect the coin world just like it's affecting every other aspect of life. As far as PCGS playing games, I don't know. But Occam's razor dictates with that many wolves running the chicken coop there's gonna be some missing hens. Both TPGs tend to grade in a range, but I have seen inconsistencies across the board and even across submissions to the same TPG. Most of this can be attributed to human error (or not error, predilections).[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Holy .... NGC just took PCGS behind the woodshed!
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...