NGC vs. PCGS

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Just shows inconsistency and different standards among grading companies.
From advice given, and comparisons of coins, I will still stick by PCGS for gold, but if I do happen to see an NGC one, that is cheap, I will have to grade the coin myself, to determine if it would cross at PCGS at the same, or higher grade.

 

Get this....out of over a dozen NGC crack outs, not a single one graded the same when sent in for a second time. However, I've cracked out 3 NNC graded coins and all 3 came back with the exact same grade (2 at NGC & 1 at PCGS). Crazy, huh?

There was talk a few years ago about NGC developing a computer generated grading system in which the coin would be scanned and the computer would grade it based on the surfaces, but it never made it past discussion. Unfortunately, until something like that is done there will never be any consistency with the grading companies.

 

Martin,

While that sounds like inconsistency, I really don't think that it is. My guess is that the coins you cracked out for resubmission were cracked because you disagreed with the assigned grade. Even if NGC were accurate 99% of the time, it would be relatively easy to locate a dozen coins that were either under or overgraded. If you told us that you cracked 12 coins with examining them first and they all came back different, that would be inconsistent.

As for NNC, they typically overgrade by 3-5 points, but I have seen an occasional properly graded coin. Before E-Bay prohibited the use of TPG names in auction titles, I used to try to cherrypick these coins. However, if you are proposing that NNC is anywhere near as consistent as either PCGS or NGC, you are going to be standing alone.

I have to say that I find it a rare occurrence when I strongly disagree with a grade assigned by either PCGS or NGC.

 

102 votes , split evenly , that must tell us something .

rzage

 

Thats what I was just thinking.

 

I am soon to be a certified dealer for each company as well as a CAC submission center. IMHO they each have their pros and cons. I really personally think they are interchangeable. And this isn't just because I am a certified dealer for each company. I believe in both of them equally. I personally know people who work in various positions for both companies. It's about the coins anyways right?

 

Agreed...Coins are important... Not slabs...
Although if you are buying coins in slabs, you have to know how to grade them yourself, or you are just buying a slab.