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<p>[QUOTE=&quot;Owle, post: 1227821, member: 22004&quot;]There is an interview this month at the NGC site on the issue:</p><p><br /></p><p><b>&quot;MR: Mark, in the minds of some folks PCGS is preferred over NGC. This is seen in the market as well as with auction prices for equally-graded coins of the same issue, and with a comparison of sight-unseen bids. How do you respond to this?</b></p><p>MS: Actually, I see it as NGC-graded coins being good values. I believe our coins are as good or better. A lot of what people are referring to is the registry phenomenon. I have a concern of an irrational exuberance for plastic. If you want to fill a hole in your registry set, and you’re not critically looking at the coin, shame on you because over a period of time there are things that the consumer needs to look at. Number one he should buy the coin not the holder.</p><p>Number two, he should work with a very good dealer who is knowledgeable, has a track record and looks out for your best interests. Thirdly, and more importantly, you should become your best expert by learning about coins. So, for the coins that may bring more in PCGS holders, over a period of time their prices should come down to more realistic levels.</p><p>We’ve had extraordinary high price levels for copper coins because there was a registry group that was “drinking the Kool-aid” and putting ridiculous prices on them. There was a recent auction result for a 1944 Walker in MS 68 of $110,000. That’s insane, especially since the coin came out of our MS 67 “star” holder! That’s dangerous because the coin winds up with a collector at, say $120-125,000, and I can assure you that there are going to be more MS 68 1944 Walkers made if a service is honestly grading the coins. If a grading service has software that flashes that you just graded a 1944 Walker in MS 68, the pressure is there for the final grade to be lowered to protect the first coin’s value, maintaining the perception that that service’s coins are worth more.&quot;</p><p><br /></p><p><a href="http://www.ngccoin.com/news/viewarticle.aspx?IDArticle=2259" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.ngccoin.com/news/viewarticle.aspx?IDArticle=2259" rel="nofollow">http://www.ngccoin.com/news/viewarticle.aspx?IDArticle=2259</a>&amp;[/QUOTE]</p><p><br /></p>

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