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why NGC coins do not cross to PCGS (a theory)
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<p>[QUOTE="kidkayt, post: 1228832, member: 7275"]IMHO there is way tooooooo much hype in the grading and trading coin business. Coin collecting though is still honorable and a very balanced hobby. With regards to the 70 grade, it is hardly considered the ultimate seal of approval. There are many 69-grade coins which are equally appealing gems. I am currently putting together a set of choice PF69 grade statehood quarters. Apparently the "CAC" label was supposed to filter through the ******** and authenticate the authenticators, to keep them all honest. But the source of this additional benefit is again from the same pool. So now we have grades, + grades, secure grades, first strike, early release, special labels, population stats, and so on. Perhaps PCGS or NGC are thinking of a new special grade verification process where they hold on to the coin for an extra day, and use three more graders to give it a regrade? And they expect some customer to no doubt shell out more for this type of nonsense. I recall that one well known dealer speculated a while back that he had one of the very first dollars struck by the USMint and that George Washington had "very likely" handled it. Needless to say it convinced the next buyer to purchase it at an healthy extra premium, and the TPGs could certainly have thought up a special label and designation for this particular gem. I cite this as a good example of the near eccentric whims that have come into play in coin grading and pricing. But as stated in this forum : Buy the Coin![/QUOTE]</p><p><br /></p>
[QUOTE="kidkayt, post: 1228832, member: 7275"]IMHO there is way tooooooo much hype in the grading and trading coin business. Coin collecting though is still honorable and a very balanced hobby. With regards to the 70 grade, it is hardly considered the ultimate seal of approval. There are many 69-grade coins which are equally appealing gems. I am currently putting together a set of choice PF69 grade statehood quarters. Apparently the "CAC" label was supposed to filter through the ******** and authenticate the authenticators, to keep them all honest. But the source of this additional benefit is again from the same pool. So now we have grades, + grades, secure grades, first strike, early release, special labels, population stats, and so on. Perhaps PCGS or NGC are thinking of a new special grade verification process where they hold on to the coin for an extra day, and use three more graders to give it a regrade? And they expect some customer to no doubt shell out more for this type of nonsense. I recall that one well known dealer speculated a while back that he had one of the very first dollars struck by the USMint and that George Washington had "very likely" handled it. Needless to say it convinced the next buyer to purchase it at an healthy extra premium, and the TPGs could certainly have thought up a special label and designation for this particular gem. I cite this as a good example of the near eccentric whims that have come into play in coin grading and pricing. But as stated in this forum : Buy the Coin![/QUOTE]
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why NGC coins do not cross to PCGS (a theory)
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