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 Replies: 32 / Views: 5,515 |
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Pillar of the Community
United States
1839 Posts |
My guess is that their guide prices listed on their websites differ sometimes greatly, but people forget that just because their guide prices differ doesn't mean the prices realized are that different.
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Pillar of the Community
United States
1053 Posts |
If I were to send any coins on, it would be NGC.
I personally like the look of their slabs better.
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Pillar of the Community
United States
3755 Posts |
The standards used by the companies are the same. The qualifications for a grade, whatever it may be, are the same. You can argue till you are blue in the face whether you think one or the other is stricter on those guidelines. But in the end it is simply a popularity contest. I can, and have, pointed out many examples of coins in NGC or PCGS slabs that are horribly over graded.
Personally, anyone who pays significantly more for a coin in a PCGS holder is a moron. As has been said (and it seems only as lip service by many who say it) but the coin, not the plastic. And surely not that ridiculous green bean.
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Valued Member
United States
274 Posts |
The standards are not the same, one case in point is the FBL designation on Franklin Halfs. NGC looks at both sets of lines, PCGS only the bottom set.
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Pillar of the Community
United States
2815 Posts |
smokeriderdon is right on target, especially regarding that "ridiculous green bean". Couldn't have stated it better myself. I guess in a few years there will be enough CAC stickers to warrant a new CAC GREEN BEAN STICKER VERIFICATION SERVICE. LOL!
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Valued Member
 United States
291 Posts |
I have seen overgraded in both company's slabs, but the green beans I have seen have for the most part been appropriate. Are you seeing differently?
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Bedrock of the Community
13014 Posts |
CAC coins sell for a premium across the board in all series and as a whole they look better than their non sticker-ed counter parts. Theres no arguing that and a market study showed CAC coins fetched higher prices across all series.
PCGS coins do get higher prices than NGC coins in some series. Sometimes its a more general trend sometimes you only see it in the higher grades. It doesn't really matter for common things but there are instances where it does matter and sometimes it matters a lot. People can argue whether or not it should be that way or they think it matters, but what really matters is what the market shows.
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Valued Member
United States
459 Posts |
I have also noticed that with many varieties, each company does things COMPLETELY different. For instance, I will use the 1916 Large D/Small D Barber quarter FS-501. NGC recognizes all 1916 D RPMs (001-006) as this variety, where as PCGS only recognizes the true large/small D as this variety. |
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Bedrock of the Community
13014 Posts |
Quote:I have also noticed that with many varieties, each company does things COMPLETELY different. For instance, I will use the 1916 Large D/Small D Barber quarter FS-501. NGC recognizes all 1916 D RPMs (001-006) as this variety, where as PCGS only recognizes the true large/small D as this variety. Thats my major complaint about PCGS. They seem to do the fewest varieties focusing on the ones that have more of an impact on the price. They do seem to be adding more but they still probably do the fewest compared to NGC and ANACS. If they arent comfortable doing it Id rather they not do it then do a poor job, but I do like the idea of being able to have any variety attributed if someone wants to pay for it. |
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Pillar of the Community
United States
2815 Posts |
Yeah, but what smokeriderdon was getting at regarding standards was the actual number grade, not designations like FBL or specific varieties. Varieties don't play a part in the numerical grade of a coin. The market may show that PCGS and CAC stickered slabs fetch more money, but this is only true because people have simply "bought in" to the gimmick, IMO. After all, a green CAC sticker is just an opinion that supposedly matches another opinion. I mean, how much confirmation is needed on a coin? It just seems like overkill to me. The grade on the slab should be the end of the line unless it grossly misrepresents the coin. But then again, how often has that happened with NGC or PCGS? Probably not that often.
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Pillar of the Community
United States
3755 Posts |
What Darth said. Variety designation is something completely different. Has zero to do with grading standards, which is what we are talking about here.
Yes, people are paying more for those coins designated with a sticker. So? Its called buying into the hype. Because yet ANOTHER grader looked at the coin and says yeah, the grade on the plastic is correct, this makes the coin better? Really? Now not only are you buying the plastic, you are buying the sticker? Ludicrous.
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Valued Member
United States
373 Posts |
There is only so much one can discern from photos. Even with decent pictures, it can be hard to tell if a coin is at the low end of its grade or if it will be attractive in hand. And unfortunately, I buy mostly from photos.
CAC provides a second opinion on an NGC or PCGS grade. It was started to provide a sight unseen market for coins: With two concurring opinions, one can buy with more confidence when one can't see the coin beforehand.
That is how I use it. Yes, if I'm lucky enough to have really excellent photos (or the coin in hand), I can evaluate the grade and eye appeal. But if the photos are average, the CAC second opinion does help me make my decision.
I won't say that CAC and I never disagree. However, by and large I have found CAC coins to be as advertised: at least solid for the grade with average or better eye appeal. For me, that provides a valuable service.
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Pillar of the Community
United States
3755 Posts |
So by that logic, then the grading services are NOT doing their job. If you have to have another service confirm what the first service said is correct, what then is the point of the first service? And the whole " It was started to provide a sight unseen market for coins" argument is the EXACT thing that was said when the TPG's first fired up. So in another 10 years we will have a service that grades the service grading the service. How long before the stickers on the slab cover the coins being graded? |
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Bedrock of the Community
13014 Posts |
Quote:
So by that logic, then the grading services are NOT doing their job Not really, a coin can be properly graded but be ugly or on the low end of its grade. The major knock against the TPGs was always its just one companies opinion, CAC provides a second opinion which really nullifies that complaint. If someone doesn't want to use it thats fine, but the market does value it |
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Valued Member
United States
373 Posts |
Well, if grading were purely objective, I suppose one could make the argument that one opinion is all you need. But grading is not objective. Two equally skilled experts may grade a given coin differently for any number of reasons.
I consider CAC's second opinion just like any other second opinion, whether medical, legal, or mechanical. It doesn't guarantee I'll make the right decision, but it increases my confidence in my decision.
Of course, no one has to buy CAC coins. And the plus is that if you don't, you'll save some money on your coin purchases!
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Replies: 32 / Views: 5,515 |
First Page
Posted 08/31/2013 9:24 pm
