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PCGS body bagged them. NGC said nice coins??
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<p>[QUOTE="GDJMSP, post: 166456, member: 112"]Nathan - </p><p><br /></p><p>Your story is certainly nothing new, it's happened to hundreds of others. The stories are all pretty much the same. I've even known of some collectors who would take a coin directly out of a Mint or Proof set, send it to PCGS, and get it back bodybagged as cleaned. To make it even worse, they then sent the very same coins in to PCGS again - this time they came graded and slabbed as Gems.</p><p><br /></p><p>You ever read here where I or a few others say that NGC is the most consistent and accurate of the grading companies ? Well, it's reports just like yours that cause me to do that. Anyone who knows me knows that I have never submitted a single coin to any grading company - ever. And I never will. But what I have done is spend a great deal of time reading and participating in just about every coin fourm there has ever been since they began. And it's really not hard to keep track of reports like this. So I have a pretty good idea of how the various grading companies perform.</p><p><br /></p><p>And if you had been around here long enough you would have read several times where I have said that accurately graded coins can be found in just about any grading company's slab - even the worst. The problem is you won't do it very often. And the marketplace reflects this. It's not the ones they get right that matters - it's how many they get wrong. And anyone who spends enough time in the hobby soon learns that they get more wrong than do right.</p><p><br /></p><p>So, if you are looking to buy a coin already slabbed by one of the lower tier grading companies, and you know how to accurately grade coins yourself, you can sometimes find yourself quite a deal. That's because the coins in those slabs sell for a fraction of what the same coin in a NGC or PCGS slab sells for. But you would be advised in every case, to remove the coins from those slabs after you buy them and have them re-slabbed by NGC - that is if you ever hope to sell them in the future for their true value.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 166456, member: 112"]Nathan - Your story is certainly nothing new, it's happened to hundreds of others. The stories are all pretty much the same. I've even known of some collectors who would take a coin directly out of a Mint or Proof set, send it to PCGS, and get it back bodybagged as cleaned. To make it even worse, they then sent the very same coins in to PCGS again - this time they came graded and slabbed as Gems. You ever read here where I or a few others say that NGC is the most consistent and accurate of the grading companies ? Well, it's reports just like yours that cause me to do that. Anyone who knows me knows that I have never submitted a single coin to any grading company - ever. And I never will. But what I have done is spend a great deal of time reading and participating in just about every coin fourm there has ever been since they began. And it's really not hard to keep track of reports like this. So I have a pretty good idea of how the various grading companies perform. And if you had been around here long enough you would have read several times where I have said that accurately graded coins can be found in just about any grading company's slab - even the worst. The problem is you won't do it very often. And the marketplace reflects this. It's not the ones they get right that matters - it's how many they get wrong. And anyone who spends enough time in the hobby soon learns that they get more wrong than do right. So, if you are looking to buy a coin already slabbed by one of the lower tier grading companies, and you know how to accurately grade coins yourself, you can sometimes find yourself quite a deal. That's because the coins in those slabs sell for a fraction of what the same coin in a NGC or PCGS slab sells for. But you would be advised in every case, to remove the coins from those slabs after you buy them and have them re-slabbed by NGC - that is if you ever hope to sell them in the future for their true value.[/QUOTE]
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