Discussion in 'US Coins Forum' started by Owle, Feb 14, 2023.
As popular as NGC and PCGS are for high end coins, they are slow and tend to be expensive.
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To each their own I tend to bust out more coins these days than sending in for grading.
Yes I know you buy the coin not the slab... most dealers are only interested in turn over at a profit.
That said they want what is most popular with their customer base. Which is NGC & PCGS
You are a Junior member. That is a wise choice, for now, and you can build and learn on the experience.
The added benefit for you, as a member of CT., is one of the very experienced graders that is @ ICG is an active member here, and will help you with numismatic questions (and I would hope PMs) concerning your pieces graded by ICG.
It is important that you have a love of artistry and color and emojis and word (in place of face) slapping, though. He is quite efficient in utilizing his abilities in all 4 categories, to explain and/or discuss the query you may present.
Can you inform us what the ICG grader that is a member here "gifted" you for your review? Anything less than 5 free submittals is in the cheapskate category, IMHO.
These days, there are so many variables in deciding the bestest of the bestest, that any definitive answer will lead to a Champion Debate Forum (OVER AN OVER AND OVER...), with a little prejudice and a LOT of storytelling mixed in.
PCGS is acknowledged as the top slab to sell in the Marketplace and I use them for any of my higher value coins. They are to my knowledge the only one of the top 4 who guarantee their assigned variety attribution, which is important for rare varieties like early copper (I collect low grade early large cents). Also in my experience PCGS is a little more lenient on slightly “cleaned” examples.
I own a number of countermarked coins and find NGC to be good certifying and slabbing them by Roland #. They don’t guarantee their variety attribution so I don’t send them varieties to certify. They are tougher on suspected cleaned coins in my opinion as well.
ANACS is actually really good with early copper and variety attributions but they only guarantee them to the extent they will correct the label and reholder at no cost- a problem if you bought an expensive misattributed coin! I do send them any problem early copper for their slab. They are less expensive but also valued below PCGS and NGC in the marketplace.
ICG is cool in that they offer an “educational/ counterfeit” holder- the only one of the top 4 and I believe in the industry. I have a number of examples in these holders for education and sharing. ICG is also very good at determining and attributing fakes and I recommend them if there is any doubt in your mind your example is genuine. They are also competitively priced for certification and I have some cool countermarked coins in their slabs.
All 4 guarantee authenticity, which is a key to me in the current climate of the hobby- there are many very deceptive counterfeits out there and the guarantee can be very important…
How do they "guarantee" it? Buy back?
I have slabbed coins by all TPG’s and probably some you’ve never heard of. I buy the coin, not the slab. Just yesterday I bought a nice ANACS coin from my LCS. He does sell a few but mostly he’ll break them out and sends to NGC.
We have a great member here on CT that works for ICG and he is very helpful to us. He’s honest and you may not want to hear the truth but with him, you will, even if you disagree.
send it to PCGS or second to NGC these are the most recognized in the the coin
grading industry, ANACS and IGC coins sell for less same grade slab to slab as
far as turn around time, your going to keep the coin for awhile so the really
shouldn't be part of the conversation.
For me its always been PCGS and PCGS only !
I've been using TPG services since they were first publicly offered, and have tried all.
I specifically dealt in high value scarce coins, offering coins in Numismatic publications.
My primary clients were of ethnicity known for their tenacity and shrewd trading techniques, spending hours trying to negotiate a reduction of a similar PCGS coin to that of an NGC, even though the difference was only a minor 2 digit amount.
We usually split the difference!
The only time I can remember a PCGS similar coin having a general price same as NGC was when they had legal trading problems.
I generally found the second tier TPG services equal or better than the first tier, all factors considered.
I no longer will directly submit to first tier TPG, because of their grading practices, and have experienced dealers who attend all major shows to buy my first tier 1977 Copyright A.N.A. standard coins.
The first tier TPG are grading MS67 on some coins that wouldn't meet 1977 MS60 standard.
The current find for this week is a 1910-S $20 PCGS MS62 CAC - OGH, that will regrade PCGS MS65, or CAC MS64 in the future.
Last weeks' coin was a 1923-D $20 PCGS MS64 CAC that will regrade PCGS MS67, or CAC MS66 in the future.
I am sure you will agree that PCGS coins sell for more money, thats not a secret
the only arena where NGC would have an advantage is with the Ancients as
thats pretty much the only game in town.
NGC is an excellent choice for ancients, world coins and coin conservation.
Maybe he just wanted to share his positive experience…?
" now $12 but now a $3 savings per coin. Return Postage went up to $25 for 1-10 coins and $30 for 11-20 coins."
And yes he knows his coins ( especially his "gifted area ) and the turn around is much faster that the other companies I have used. You have to mention his name on the form you download from ICG if you want the discount so he knows you are from COINTALK.
I believe NGC does not offer an ironclad guarantee of authenticity on Ancients but also will not slab anything in that category where they feel they can’t determine it.
(I’ve had it happen, on a coin which was likely genuine but which had some file marks on part of the edge which caused an element of doubt. They didn’t declare it fake but it came back in an “authenticity unverifiable” bodybag.)
So though it’s not a 100% guarantee on Ancients at NGC, you do still get a professional opinion and thereby another layer of protection.
Sorry, I was only considering US coins... As I stated I collect early copper- thanks for the clarification on "ancients"!
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