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PCGS vs. NGC for grading ultra modern coins (1965 and beyond)
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<p>[QUOTE="GDJMSP, post: 1270694, member: 112"]Well there was a time when those slabbed by PCGS did sell for more. But very few folks realized back then, or would believe it when they were told, that PCGS intentionally manipulated that market in order to get the coins slabbed by them to sell for more. </p><p><br /></p><p>You see, until only a few years ago PCGS had a company policy that graders were not allowed to assign the 70 grade even if the graders thought the coin deserved it. The powers that be within the company refused to allow it to happen, except on a tiny, tiny, handful of coins each year. That helped to perpetuate the myth. </p><p><br /></p><p>And oddly enough it's still working, people are still buying into the myth because of the past even though PCGS will today slab as high as 80% of the submissions of a given coin as 70s.</p><p><br /></p><p>Remember what I said about people ignoring the facts ? Well there's another example.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1270694, member: 112"]Well there was a time when those slabbed by PCGS did sell for more. But very few folks realized back then, or would believe it when they were told, that PCGS intentionally manipulated that market in order to get the coins slabbed by them to sell for more. You see, until only a few years ago PCGS had a company policy that graders were not allowed to assign the 70 grade even if the graders thought the coin deserved it. The powers that be within the company refused to allow it to happen, except on a tiny, tiny, handful of coins each year. That helped to perpetuate the myth. And oddly enough it's still working, people are still buying into the myth because of the past even though PCGS will today slab as high as 80% of the submissions of a given coin as 70s. Remember what I said about people ignoring the facts ? Well there's another example.[/QUOTE]
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PCGS vs. NGC for grading ultra modern coins (1965 and beyond)
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