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You vs PCGS: Guess the Grade of 1887 Morgan
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<p>[QUOTE="Vegas Vic, post: 2053674, member: 58810"]I know how much fun some here think bashing pcgs can be. After certifying over 30 million coins you are certainly going to have many examples of grading errors both under and overvalued. But the fact remains that in practice the U.S. rare coin market is not just controlled by pcgs and ngc but is defined by them. The ana standards are no longer what the market follows. Go to any us coin show and you will instantly see what I'm talking about. 99% of the coins valued over a few hundred dollars are in either ngc or pcgs holders. </p><p><br /></p><p>Look at any major auction catalog almost all the coins are either pcgs or ngc. Look at the heratige online auctions same thing. </p><p><br /></p><p>People love to be critical of pcgs and ngc but not only are they the single best event to ever impact the U.S. coin market but they are now the very defination. In reality it is way more valuable a skill to be able to grade on the pcgs and ngc standards then the ana, as [USER=15309]@Lehigh96[/USER] has stated in the past.[/QUOTE]</p><p><br /></p>
[QUOTE="Vegas Vic, post: 2053674, member: 58810"]I know how much fun some here think bashing pcgs can be. After certifying over 30 million coins you are certainly going to have many examples of grading errors both under and overvalued. But the fact remains that in practice the U.S. rare coin market is not just controlled by pcgs and ngc but is defined by them. The ana standards are no longer what the market follows. Go to any us coin show and you will instantly see what I'm talking about. 99% of the coins valued over a few hundred dollars are in either ngc or pcgs holders. Look at any major auction catalog almost all the coins are either pcgs or ngc. Look at the heratige online auctions same thing. People love to be critical of pcgs and ngc but not only are they the single best event to ever impact the U.S. coin market but they are now the very defination. In reality it is way more valuable a skill to be able to grade on the pcgs and ngc standards then the ana, as [USER=15309]@Lehigh96[/USER] has stated in the past.[/QUOTE]
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