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Rebuttal to PNG Survey - How interesting!
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<p>[QUOTE="smb12321, post: 141709, member: 3682"]Thanks for the info but this is hardly a surprise. Grading has and always will be subjective and companies (like individuals) have and always will make statements to bolster their image. I have stated until I am blue in the face that NGC & PCGS do NOTHING different than other reputable services insofar as methodologies used in determining authentication, variation or grade. They perform the same tests, consult the same "experts", lok in the same books as 99% of the other graders. What sets them apart are the large sums spent on marketing as both companies try to convince the numismatic world that they are somehow the "standard". Of course what they mean is that they grade the most coins - illogical but compelling. </p><p><br /></p><p>Their graders have years of experience but subjectivity has never been worse, especially in the shadowy MS63-MS67 range when a notch up or down results in thousands gained or lost. If grading was objective there would be no need to resubmit coins over and over as is the norm. Yes, I own PCGS & NGC but for the same reason a member listed above - the coin, not the slab. Brand loyalty is a powerful tool whether it's a car ("I only drive Ford"), beer ("I only drink Millers") or coins ("I only buy PCGS") - a phrase heard often at coin shows. </p><p><br /></p><p>smb12321[/QUOTE]</p><p><br /></p>
[QUOTE="smb12321, post: 141709, member: 3682"]Thanks for the info but this is hardly a surprise. Grading has and always will be subjective and companies (like individuals) have and always will make statements to bolster their image. I have stated until I am blue in the face that NGC & PCGS do NOTHING different than other reputable services insofar as methodologies used in determining authentication, variation or grade. They perform the same tests, consult the same "experts", lok in the same books as 99% of the other graders. What sets them apart are the large sums spent on marketing as both companies try to convince the numismatic world that they are somehow the "standard". Of course what they mean is that they grade the most coins - illogical but compelling. Their graders have years of experience but subjectivity has never been worse, especially in the shadowy MS63-MS67 range when a notch up or down results in thousands gained or lost. If grading was objective there would be no need to resubmit coins over and over as is the norm. Yes, I own PCGS & NGC but for the same reason a member listed above - the coin, not the slab. Brand loyalty is a powerful tool whether it's a car ("I only drive Ford"), beer ("I only drink Millers") or coins ("I only buy PCGS") - a phrase heard often at coin shows. smb12321[/QUOTE]
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Rebuttal to PNG Survey - How interesting!
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