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Think This Is Inappropriate For NGC

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FinanceGuru's Avatar
United States
337 Posts
 Posted 10/08/2012  11:38 am  Show Profile   Bookmark this reply Add FinanceGuru to your friends list Get a Link to this Reply
TPGs are for-profit companies. They have expenses which are heavily human-capital. Employee raises, bonuses, medical insurance, and other compensation items have to be paid. They could always choose to accept high turnover but then, would the collectors reject their ability to grade consistently?

Now, I am very new to the hobby so perhaps my pristine view is wrong. From the business side though, I understand why TPGs need to find ways to differentiate their work.

I guess I'm really wondering why there are not more TPGs to drive healthy competition and lower prices?
Edited by FinanceGuru
10/08/2012 11:40 am
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 10/08/2012  4:25 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
I guess I'm really wondering why there are not more TPGs to drive healthy competition and lower prices?


There isn't enough work any more. After two decades of grading everything in sight, Classics grading is no longer the cash cow it used to be. Most of what deserves a slab, has one and the rest tends to be passing between hands who don't mind turning turning raw coins. So, the only real growth opportunity is Modern coins.

The trouble with Moderns is, they're all pretty darn good. MS/PR70 is no longer difficult, and even with Business Strikes little additional value is offered below MS66. So they have to do what it takes to generate excitement.

I won't be surprised if there's a merger within the next decade. My hope is that it's between PCGS and NGC - counterintuitively, I think that would ensure ANACS' future (as the only remaining TPG) and the overall future of grading better than one of the bigs absorbing ANACS. I just don't think there's enough business for both PCGS and NGC to survive into the forseeable future.

Look for aggressive expansion into World markets, as well, but that's going to take deep pockets in order to make the TPG concept popular internationally in the first place. If PCGS and NGC do that independently, it could be Pyrrhic.
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denco7's Avatar
United States
2543 Posts
 Posted 11/12/2012  08:39 am  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
The second part of the OP was not discussed and I am curious. Will NGC change labels for you ? And at what cost ? I know , I know, labels are lame , but I collect modern silver and don't really care about FS, ER, FDI , but some sets I have put together would display so much better if the labels were all consistent. An example would be my collection of MS 69 Canadian Wildlife series, some are brown label and some are the special Canada labels. If I resubmitted them to NGC would they switch the labels to one or the other for a nominal fee. Or switch my SF set to the retro black labels ?

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basebal21's Avatar
13014 Posts
 Posted 11/12/2012  4:37 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Denco if theyre anything like PCGS they should be willing to change labels from the special labels to the standard ones, but they wont switch the standard ones to the special labels. The special labels are usually only given to bulk submissions
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Bryan1315's Avatar
United States
14454 Posts
 Posted 11/13/2012  02:34 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply

Quote:
The second part of the OP was not discussed and I am curious. Will NGC change labels for you ?

There would be no need to change the label unless the submitter just didn't like the label thats on it. The number will always be the number the coin is considered in the 1st edition book so it will always be accurate. You can get any coin in a NGC slab reholdered if you want for I think $6.00 per coin and if you wanted the label to change I am guessing it would cost the same as they would have to change the holder as well to change the label
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