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Message:: [QUOTE="WingedLiberty, post: 1226908, member: 26030"]This is just a theory, I would be curious to hear of others thoughts on this possibility. When one sends a slabbed NGC graded coin to PCGS in an attempt to cross the coin over to a PCGS slab, PCGS has a vested interest in NOT crossing the coin. By routinely assigning a "DNC" (did not cross) to NGC graded coin, they increase the "mystique" and "reputation" of PCGS  -- that PCGS is "stricter" and PCGS graded coins are "better" and worth more than NGC graded coins.  That PCGS is the "premier" third party grading company, second to none.  This serves to increase business and profits for PCGS.   Let's just say that PCGS gets a shipment of 500,000 NGC graded coins that actually would and should cross to PCGS.  If PCGS crossed them all over, it would start to get out that NGC coins are just as good as PCGS graded coins (That a PCGS MS64 is exactly equivalent to an NGC MS64) and the price "premium" currently assigned to PCGS graded coins would collapse -- causing PCGS's mystic to diminish and PCGS would lose business (and their reputation for being the "best"). I have heard anecdotally that one is better off cracking out a coin from an NGC slab and sending it in raw to PCGS for grading.  That by doing that you greatly increase your chances that the coin will get the same grade that NGC assigned -- since PCGS will actually do their job (assign an accurate grade) on raw coins, where they don't have a motive to sandbag (like they do on coins already slabbed by another competing company). Sending a coin in an NGC slab to PCGS is basically a waste of time as almost all NGC graded coins will come back from PCGS as "DNC" -- they don't even have to look at them.  Plus by doing the "DNC" trick, they further maximize their profits as they still get their full grading fee without having to do anything ... no need to go through the cost grading the coin, cracking the slab, creating a new label and placing the coin in a new PCGS slab.  With this DNC trick, all they have to do is open the envelope, toss the NGC graded coin aside, and then pocket the full grading fee -- and after waiting 4 to 6 weeks (purely for show), send back the original NGC slabbed coin to the customer with a DNC designation.  (A perfect money making scheme.) When the customer gets back a bunch their NGC slabs from PCGS with DNC's, PCGS knows they will get the customer thinking: "Wow, NGC coins really are NOT as good as PCGS coins.  These coins I bought in NGC slabs are probably all AT'd or really a much lower grade.   I should start buying just PCGS graded coins and avoid NGC coins".   This furthers the cycle of (artificially) driving the price of PCGS graded coins higher (since more people are trying to buy them while avoiding coins from other grading companies).  Sellers then start seeing that PCGS coins are selling more and bringing higher prices, so sellers start sending more coins to PCGS. (More profits for PCGS). I think it would be a really enlightening experiment to take a PCGS graded MS65 coin, crack it out and put it in a faked NGC slab with a MS64 label, then send to PCGS for an attempt at "crossover grading" at the MS64 level -- then see if it comes back 6 weeks later with a DID NOT CROSS designation at that lower level.  In today's capitalistic society, profits almost always trump ethics.  I think that if you give a large corporation an opportunity to be unethical to make more money, most of the time they will.[/QUOTE]

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