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<p>[QUOTE=&quot;GDJMSP, post: 17943, member: 112&quot;]The following is a response I made to the same question on another forum. I thought it might help out here as well.</p><p><br /></p><p><br /></p><p><br /></p><p>That&#039;s a good question - best answer I&#039;ve come up with is because of better advertising. If you say something is so for a long enough time - pretty soon people begin to believe it.</p><p><br /></p><p>In my opinion what went a long ways in perpetuating this perception was their internet coin forum. The PCGS forum was around for quite a while before NGC made one. And it might also have something to do with the fact that for years and years NGC would not slab modern coins. They have only been doing so for 2 or 3 yrs now. And modern coins are and have been extremely popular for some time. I would say they make up a large percentage of the overall coin market.</p><p><br /></p><p>So when only one of the two most trusted companies grades modern coins - that&#039;s where all the collectors go to have their coins slabbed. It became a case of &quot;my dog&#039;s better than your dog&quot;. </p><p><br /></p><p>So when a new collector or someone new to having their coins slabbed found the PCGS forum - naturally they were told PCGS is only company to use. That they grade more conservatively etc etc. And these folks were being told this by other collectors - so they believed it. And pretty soon the snowball effect took over and more and more people began to believe it. It didn&#039;t have anything to do with whether it was true or not - but so and so said so - so it must be true.</p><p><br /></p><p>Personally - I wouldn&#039;t pay 10 cents more for a coin in a PCGS slab - or any other slab. I pay what I think the coin is worth - period. As to why others do pay more - if you ask me it&#039;s for nothing else but bragging rights. They want to be able to go on the various coin forums or to their coin clubs and brag to everybody that they got such and such coin graded such and such by PCGS. And because of this perception that PCGS is best or used to be is so pervasive in the coin market - that only added to the perception. Like I said a snowball.</p><p><br /></p><p>But all snowballs melt sooner or later. And the PCGS snowball has been melting now for about 2 yrs. Collectors are becoming more educated and knowledgeable and they are beginning to trust their own eyes instead of what they are told by other collectors. I&#039;d say that in another year or so - this anomaly of PCGS slabbed coins bringing higher prices will disappear altogether.[/QUOTE]</p><p><br /></p>

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