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What is the value of TPG (Third Party Grader) certification?
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<p>[QUOTE="bernard55, post: 7996829, member: 114733"]This question is for those that buy and sell coins...</p><p><br /></p><p>There are a lot of past threads that touch on these questions but I could not find one that was both up to date and not mostly anecdotal. I've had these questions for years so I thought it's time for me to ask them...</p><p><br /></p><p>I realize there is a lot of passion around the TPG subject--good and bad and the subject of 'value' of a coin is not the primary reason most collectors build collections. This question is not for the collector... it's for the dealer. I'm not interested in anecdotal feedback on why you like or dislike TPG encapsulation. I'd like to hear from those that buy and sell coins as a business on the real value of getting a coin certified by NGC, PCGS, or ANACS -- or another company</p><p><br /></p><p><b>Question 1</b>: It's my (this is you) opinion based on the transactions I've done that on average certification increases the retail value of a coin</p><ol> <li>negatively</li> <li>0%</li> <li>1-5%</li> <li>6-10%</li> <li>11-15%</li> <li>above 15%</li> <li>none of the above. it's about cash flow and certified coins are easier to sell</li> </ol><p><br /></p><p><b>Question 2</b>: TPG certification includes authentication, grading, valuation, registration (in their database), and encapsulation. Which of these is the most valuable to you or are they all required to achieve the answer you gave to question 1?</p><ol> <li>Authentication</li> <li>Valuation</li> <li>Registration (in their database)</li> <li>Encapsulation</li> <li>The value achieved in the answer I gave you to question 1 is only achieved with them all as a package</li> <li>Other? (please explain)</li> </ol><p><br /></p><p><b>Question 3</b>: What does the suspected retail value of a coin need to be to submit for certification?</p><ol> <li>under $100</li> <li>$100-$249</li> <li>$250-$500</li> <li>>$500</li> <li>it depends (please explain)</li> </ol><p><br /></p><p><b>Question 4</b>: Do you buy TPG certified coins that you think are under graded, break them out and resubmit them in the hope of achieving a higher grade? If so, how big does the value difference need to be between the current grade and your proposed grade? For example, 1809 Capped Bust 50 cent piece currently graded 62 (PCGS value = $5000 <a href="https://www.pcgs.com/coinfacts/coin/1809-50c/6092" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.pcgs.com/coinfacts/coin/1809-50c/6092" rel="nofollow">https://www.pcgs.com/coinfacts/coin/1809-50c/6092</a>) but you think you can break it out and get a TPG to grade it as a 63 (PCGS value = $10000)</p><ol> <li>I don't do this</li> <li>under $249</li> <li>$250-$499</li> <li>$500-$999</li> <li>$1000-$2499</li> <li>$2500- $4999</li> <li>> $5000</li> </ol><p><br /></p><p><b>Question 5</b>: What coin type (US gold, Colonials, Foreign, Bullion, US-non gold etc..) benefits the most in terms of value from certification? What coin types benefit the least?</p><p><br /></p><p><br /></p><p><b>Question 6</b>: What other reasons will you pay a TPG for certification (other than price appreciation and authentication)? Example: The auction service I use only takes certified coins.</p><p><br /></p><p><br /></p><p><b>Question 7</b>: Not you of course but what is your opinion of what others are doing (in general) if a coin comes back as ‘Details’. Do they break the coin out and sell it raw?</p><ol> <li>Never</li> <li>Sometimes</li> <li>Always</li> <li>Not willing to answer the question – but I’m sure it happens…</li> </ol><p><br /></p><p><b>Question 8</b>: On the TPG submittal form where it asks what you believe the value of the coin to be… do you:</p><ol> <li>Low ball value</li> <li>Put value where you expect it to be</li> <li>Put a higher value</li> <li>It doesn’t matter</li> </ol><p>please explain...</p><p><br /></p><p><b>Question 9</b>: What TPG certification (in your opinion based on your business) offers you the most upside value?</p><ol> <li>PCGS</li> <li>NGC</li> <li>ANACS</li> <li>Other (SEGS, ICG etc..)</li> </ol><p>[/QUOTE]</p><p><br /></p>
[QUOTE="bernard55, post: 7996829, member: 114733"]This question is for those that buy and sell coins... There are a lot of past threads that touch on these questions but I could not find one that was both up to date and not mostly anecdotal. I've had these questions for years so I thought it's time for me to ask them... I realize there is a lot of passion around the TPG subject--good and bad and the subject of 'value' of a coin is not the primary reason most collectors build collections. This question is not for the collector... it's for the dealer. I'm not interested in anecdotal feedback on why you like or dislike TPG encapsulation. I'd like to hear from those that buy and sell coins as a business on the real value of getting a coin certified by NGC, PCGS, or ANACS -- or another company [B]Question 1[/B]: It's my (this is you) opinion based on the transactions I've done that on average certification increases the retail value of a coin [LIST=1] [*]negatively [*]0% [*]1-5% [*]6-10% [*]11-15% [*]above 15% [*]none of the above. it's about cash flow and certified coins are easier to sell [/LIST] [B]Question 2[/B]: TPG certification includes authentication, grading, valuation, registration (in their database), and encapsulation. Which of these is the most valuable to you or are they all required to achieve the answer you gave to question 1? [LIST=1] [*]Authentication [*]Valuation [*]Registration (in their database) [*]Encapsulation [*]The value achieved in the answer I gave you to question 1 is only achieved with them all as a package [*]Other? (please explain) [/LIST] [B]Question 3[/B]: What does the suspected retail value of a coin need to be to submit for certification? [LIST=1] [*]under $100 [*]$100-$249 [*]$250-$500 [*]>$500 [*]it depends (please explain) [/LIST] [B]Question 4[/B]: Do you buy TPG certified coins that you think are under graded, break them out and resubmit them in the hope of achieving a higher grade? If so, how big does the value difference need to be between the current grade and your proposed grade? For example, 1809 Capped Bust 50 cent piece currently graded 62 (PCGS value = $5000 [URL]https://www.pcgs.com/coinfacts/coin/1809-50c/6092[/URL]) but you think you can break it out and get a TPG to grade it as a 63 (PCGS value = $10000) [LIST=1] [*]I don't do this [*]under $249 [*]$250-$499 [*]$500-$999 [*]$1000-$2499 [*]$2500- $4999 [*]> $5000 [/LIST] [B]Question 5[/B]: What coin type (US gold, Colonials, Foreign, Bullion, US-non gold etc..) benefits the most in terms of value from certification? What coin types benefit the least? [B]Question 6[/B]: What other reasons will you pay a TPG for certification (other than price appreciation and authentication)? Example: The auction service I use only takes certified coins. [B]Question 7[/B]: Not you of course but what is your opinion of what others are doing (in general) if a coin comes back as ‘Details’. Do they break the coin out and sell it raw? [LIST=1] [*]Never [*]Sometimes [*]Always [*]Not willing to answer the question – but I’m sure it happens… [/LIST] [B]Question 8[/B]: On the TPG submittal form where it asks what you believe the value of the coin to be… do you: [LIST=1] [*]Low ball value [*]Put value where you expect it to be [*]Put a higher value [*]It doesn’t matter [/LIST] please explain... [B]Question 9[/B]: What TPG certification (in your opinion based on your business) offers you the most upside value? [LIST=1] [*]PCGS [*]NGC [*]ANACS [*]Other (SEGS, ICG etc..) [/LIST][/QUOTE]
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What is the value of TPG (Third Party Grader) certification?
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