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Think I am gonna go and collect NGC * coins now.
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<p>[QUOTE="contrarian740, post: 1582900, member: 35150"]With all due respect, I'd have to strongly dissagree with your last sentence ... well ... at least for those buyers of the higher value coins anyway. Slabbing by PCGS and NGC has removed a great deal of risk by adding at least a reasonable degree of consistancy in grading. The other two (ANACS and ICG) I'd have to say ANACS is a good choice if you expect details when submitting, or want to know the grade of a details coin when buying. ICG I'd avoid altogether unless you have the coin in hand and are experienced at grading and spotting details coins. ICG will offer to lower the grade and leave out the details to make a sale. I know this for a fact as this offer was made to yours truely at a local show about 6 months ago. I have no idea if this is a common practice or if it was an isolated incident, but it's enough cause for concern to me to avoid them. I did not act on the offer.</p><p><br /></p><p>Both NGC and PCGS have been around long enough with a past history of overgrading, that there are way too many coins in this category still floating around the market ... not to mention the occassional miss that still shows it's face today. This has given rise to another company that grades the graders know as CAC ... lol! The trend today is that coins with the CAC label are moving well and bringing a premium, the others sit on the shelf far longer and often sell at a discount.</p><p><br /></p><p>Two things I do agree with you on, nothing beats having a coin in front of you for your own opinion, and grading common circulated coins has no value to speak of.</p><p><br /></p><p>-Rick[/QUOTE]</p><p><br /></p>
[QUOTE="contrarian740, post: 1582900, member: 35150"]With all due respect, I'd have to strongly dissagree with your last sentence ... well ... at least for those buyers of the higher value coins anyway. Slabbing by PCGS and NGC has removed a great deal of risk by adding at least a reasonable degree of consistancy in grading. The other two (ANACS and ICG) I'd have to say ANACS is a good choice if you expect details when submitting, or want to know the grade of a details coin when buying. ICG I'd avoid altogether unless you have the coin in hand and are experienced at grading and spotting details coins. ICG will offer to lower the grade and leave out the details to make a sale. I know this for a fact as this offer was made to yours truely at a local show about 6 months ago. I have no idea if this is a common practice or if it was an isolated incident, but it's enough cause for concern to me to avoid them. I did not act on the offer. Both NGC and PCGS have been around long enough with a past history of overgrading, that there are way too many coins in this category still floating around the market ... not to mention the occassional miss that still shows it's face today. This has given rise to another company that grades the graders know as CAC ... lol! The trend today is that coins with the CAC label are moving well and bringing a premium, the others sit on the shelf far longer and often sell at a discount. Two things I do agree with you on, nothing beats having a coin in front of you for your own opinion, and grading common circulated coins has no value to speak of. -Rick[/QUOTE]
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Think I am gonna go and collect NGC * coins now.
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