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PCGS MS70 Silver Eagles - PCGS a NO-NO!
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<p>[QUOTE="samjimmy, post: 183648, member: 3813"]I was about to chime in support for Speedy (who is asking the right questions IMHO), but this does bring an interesting point. I do not however, feel that it automatically eliminates SGS from being "a grading company" (because they only grade "their own" coins).</p><p><br /></p><p>Bottom line is that although the top grading companies would like you to believe there's something magical about the service they provide, it's not that complicated. Presumably you have "coin experts" -people with years of training that can detect cleaning, counterfeits, and other damage. Their experience gives them the ability to assign number grades for "eye appeal" -and that number is pretty hard to dispute, because it is subjective. When you send your coins in, you really have no idea who (or how many people) looked at your coin, what their level of experience is (to my knowledge there's no PhD of coin grading), if it was looked at for 30 seconds or 30 minutes, nor any real idea why it did, or did not meet a certain grade.</p><p><br /></p><p>So anyhow, through a complex system, your coin is assigned a final grade. Again, it's mighty subjective and it's just one opinion. How do we know this? Well, if we were to submit the same coin over and over to this grading company, it is possible the grade will change. Submitting it to another company might yield another grade. If one company assigns it MS68 and another MS69, is one of them wrong?</p><p><br /></p><p>You might not like SGS. You might think their grading is complete rubbish. But are they *not* a grading company? Where is the "charter of grading companies" that outlines exactly what a grading company is? Where's the law? Where are the rules? Where does it say that PCGS can take your money, give their opinion and put the coin in a piece of plastic, but *I* can't do the same thing? Where does it say (plain as day on paper) that that company that assigned the MS69 is wrong, and that the grade of the coin *is* MS68?</p><p><br /></p><p>Now, I don't like SGS more than most of you, but I think people romanticize what a grading company *is* just a tad too much.[/QUOTE]</p><p><br /></p>
[QUOTE="samjimmy, post: 183648, member: 3813"]I was about to chime in support for Speedy (who is asking the right questions IMHO), but this does bring an interesting point. I do not however, feel that it automatically eliminates SGS from being "a grading company" (because they only grade "their own" coins). Bottom line is that although the top grading companies would like you to believe there's something magical about the service they provide, it's not that complicated. Presumably you have "coin experts" -people with years of training that can detect cleaning, counterfeits, and other damage. Their experience gives them the ability to assign number grades for "eye appeal" -and that number is pretty hard to dispute, because it is subjective. When you send your coins in, you really have no idea who (or how many people) looked at your coin, what their level of experience is (to my knowledge there's no PhD of coin grading), if it was looked at for 30 seconds or 30 minutes, nor any real idea why it did, or did not meet a certain grade. So anyhow, through a complex system, your coin is assigned a final grade. Again, it's mighty subjective and it's just one opinion. How do we know this? Well, if we were to submit the same coin over and over to this grading company, it is possible the grade will change. Submitting it to another company might yield another grade. If one company assigns it MS68 and another MS69, is one of them wrong? You might not like SGS. You might think their grading is complete rubbish. But are they *not* a grading company? Where is the "charter of grading companies" that outlines exactly what a grading company is? Where's the law? Where are the rules? Where does it say that PCGS can take your money, give their opinion and put the coin in a piece of plastic, but *I* can't do the same thing? Where does it say (plain as day on paper) that that company that assigned the MS69 is wrong, and that the grade of the coin *is* MS68? Now, I don't like SGS more than most of you, but I think people romanticize what a grading company *is* just a tad too much.[/QUOTE]
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PCGS MS70 Silver Eagles - PCGS a NO-NO!
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