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<p>[QUOTE="GDJMSP, post: 1094038, member: 112"]To be honest with you it's because of the past. And to a large extent it's specifically because of the 70 grade. Years ago it was extremely rare that PCGS would slab any coin with a 70 grade. This included the bullion coins and the modern commems, which are typically the only coins there are that ever get the 70 grade from either company. But NGC would slab those coins as 70 if they thought the coins deserved that 70 grade. PCGS on the other just flat would not, and they admitted publicly that they would not. It was simply company policy to not assign the 70 grade. Now for that reason, there were other reasons as well, but that 1 reason had more to do with it than anything else IMO, the public thought that meant that PCGS was tougher or more strict with their grading than NGC was.</p><p><br /></p><p>But that was not really the truth, it was merely what the public <u>perceived</u> to be the truth. In the coin collecting hobby, perception is everything !</p><p><br /></p><p>But in recent years all of that has changed. PCGS threw their company policies about grading out the window. They admitted this publicly. And they started assigning the 70 grade left and right. I've mentioned this several times before, but a good example would be the 2010 Proof ASE. Back near the end of the year, of the 44,000 total 2010 Proof ASE's that PCGS had graded, over 36,000 of them were assigned the PF70 DCAM grade by PCGS. 36,000 !! That's almost 82% of the coins graded PF70 DCAM. Not exactly what I would call tough grading. </p><p><br /></p><p>But yet the public remembers the past, not the present because for the most part the public is not aware of the present.Nor are they aware of how much PCGS has changed their grading practices in recent years. They only remember that perception they have from years ago. It's what they read in the coin forums - that PCGS is tougher.</p><p><br /></p><p>Well the reality is that PCGS is not tougher, and they never have been. The reality is that on some series PCGS is tougher, and that on some series NGC is tougher. And that's the way it always has been. And that's why, among knowledgable collectors, some series were always sent to one company or the other. But the fans of both companies only see what they want to see. They want to think that "their" company is the best grading company. So to prove this they point out this example and that example. But the examples they always point out are from those series where "their" company actually is tougher. They somehow conveniently forget about the other series where the "other" company is tougher.</p><p><br /></p><p>Thus we have the market's preception. Thus we have grading wars and threads like this one. They number in thousands on this forum alone. But rarely, very rarely, do we ever have the truth.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1094038, member: 112"]To be honest with you it's because of the past. And to a large extent it's specifically because of the 70 grade. Years ago it was extremely rare that PCGS would slab any coin with a 70 grade. This included the bullion coins and the modern commems, which are typically the only coins there are that ever get the 70 grade from either company. But NGC would slab those coins as 70 if they thought the coins deserved that 70 grade. PCGS on the other just flat would not, and they admitted publicly that they would not. It was simply company policy to not assign the 70 grade. Now for that reason, there were other reasons as well, but that 1 reason had more to do with it than anything else IMO, the public thought that meant that PCGS was tougher or more strict with their grading than NGC was. But that was not really the truth, it was merely what the public [U]perceived[/U] to be the truth. In the coin collecting hobby, perception is everything ! But in recent years all of that has changed. PCGS threw their company policies about grading out the window. They admitted this publicly. And they started assigning the 70 grade left and right. I've mentioned this several times before, but a good example would be the 2010 Proof ASE. Back near the end of the year, of the 44,000 total 2010 Proof ASE's that PCGS had graded, over 36,000 of them were assigned the PF70 DCAM grade by PCGS. 36,000 !! That's almost 82% of the coins graded PF70 DCAM. Not exactly what I would call tough grading. But yet the public remembers the past, not the present because for the most part the public is not aware of the present.Nor are they aware of how much PCGS has changed their grading practices in recent years. They only remember that perception they have from years ago. It's what they read in the coin forums - that PCGS is tougher. Well the reality is that PCGS is not tougher, and they never have been. The reality is that on some series PCGS is tougher, and that on some series NGC is tougher. And that's the way it always has been. And that's why, among knowledgable collectors, some series were always sent to one company or the other. But the fans of both companies only see what they want to see. They want to think that "their" company is the best grading company. So to prove this they point out this example and that example. But the examples they always point out are from those series where "their" company actually is tougher. They somehow conveniently forget about the other series where the "other" company is tougher. Thus we have the market's preception. Thus we have grading wars and threads like this one. They number in thousands on this forum alone. But rarely, very rarely, do we ever have the truth.[/QUOTE]
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