Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Whizzed coin or not
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 46940, member: 112"]I will readily agree with your comment that PCGS slabbed coins bring higher prices - no argument. But the question is - why do they ?</p><p><br /></p><p>The simple answer to that is because most people believe that PCGS is more conservative when it comes to grading coins. So folks think that if a coin is graded as MS68 by PCGS that most other grading companies like ANACS or NGC would have graded it as MS69. Therefore the PCGS coin should be worth more money. But if PCGS <b>IS NOT</b> more conservative, as is indicated by the facts - then these people are paying more money for nothing. </p><p><br /></p><p>This is not something new. Many knowledgeable collectors have known this for years. And those who can grade coins accurately themselves can see it at a glance. What is new is that the numismatic press has finally been taking the time in the past few years to do the actual research and keep track of the numbers. Then they are publishing articles containg these numbers so that the general public will become aware as well.</p><p><br /></p><p>The idea that PCGS grades more conservatively is a myth - it always has been. But as is quite often true, more people would rather believe a myth than the truth. Especially when perpetuating that myth puts more money in their pockets. But as more and more collectors have become aware of the facts, the realized price differences between coins slabbed by PCGS and the others have begun to narrow. Eventually they will be equal and then the tide will swing the other way. It is only a matter of time.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 46940, member: 112"]I will readily agree with your comment that PCGS slabbed coins bring higher prices - no argument. But the question is - why do they ? The simple answer to that is because most people believe that PCGS is more conservative when it comes to grading coins. So folks think that if a coin is graded as MS68 by PCGS that most other grading companies like ANACS or NGC would have graded it as MS69. Therefore the PCGS coin should be worth more money. But if PCGS [b]IS NOT[/b] more conservative, as is indicated by the facts - then these people are paying more money for nothing. This is not something new. Many knowledgeable collectors have known this for years. And those who can grade coins accurately themselves can see it at a glance. What is new is that the numismatic press has finally been taking the time in the past few years to do the actual research and keep track of the numbers. Then they are publishing articles containg these numbers so that the general public will become aware as well. The idea that PCGS grades more conservatively is a myth - it always has been. But as is quite often true, more people would rather believe a myth than the truth. Especially when perpetuating that myth puts more money in their pockets. But as more and more collectors have become aware of the facts, the realized price differences between coins slabbed by PCGS and the others have begun to narrow. Eventually they will be equal and then the tide will swing the other way. It is only a matter of time.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Whizzed coin or not
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...