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 Replies: 40 / Views: 4,226 |
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Valued Member
United States
382 Posts |
I sent in 10 graded coins for crossover to PCGS slabs. Why? A PCGS graded 1971-P MS65 IKE, for instance, is worth almost double than a NGC 1971-P IKE in the same grade. A 1973-S PR69DCAM PCGS Lincoln is worth about 4 times more than a PR69 NGC Ultra-Cam. Why fight it? I look at prices realized for PCGS coins over the other TPG's, and I figured to rather join them than take up the fight. I figured I had these duplicate coins in NGC holders, so I would re-slab them in PCGS holders, sell them, and take the proceeds and buy other coins. I sent in 10 NGC coins under economy service. I stated on the form that they were NOT to be slabbed unless they were the same grade as the NGC holder. Guess what happened? After 60 days, I got my coins back in a nice PCGS blue box and NOT ONE was crossed over! NOT ONE! I called PCGS and I told them it looked like they did nothing except re-pack them in their blue box and send them back. No explantion on the form...nothing. They were kind enough and suggested I re-submit them again for evalution. Guess what? All 10 coins came back. I am out over $160 and a little ticked off.  Now people have suggested I should have cracked them out before I submitted them to avoid this "prejudice", but I figured a coin in a NGC holder at 69 Ultra Cam is better than it is raw. 10 for 10...ZERO. It is almost like a PCGS grader looking at NGC and thinking, "those coins are not up to OUR standards because of the very holders they are in." Am I wrong? |
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Rest in Peace
United States
2884 Posts |
Man, what a disapointment! Here's somthing else to consider, PCGS has slabbed almost 6 times as many as NGC in the 1973-S Lincolns! I would think that made NGC grading "tougher" given equal submissions. Notice that NGC has never handed out a 70! PCGS has slabbed 4!!!! The price desparity is as bad or even more than you said. Something really stinks here!  They should give you a detailed explanation on why "none" would cross! Population Guide Service Grade Population Population of Higher Grade Total Population PCGS 69 210, PCGS 70 4 Total POP 295 NGC 69 38, NGC 70 0 Total POP 97 Edited by Mike
07/03/2005 12:20 pm
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Pillar Of The Community
3147 Posts |
Now you have some idea WHY I hate the grading companies. Like it or not, they get your money regardless of what they do or don't do and IF you aren't a major user of PCGS they really don't care. The ordinary guy can't get a rare find authenticated but the same coins submitted by a dealer will be national news when it GETS authenticated. I have used 3 different grading services in my life and got screwed all three times. Sorry, my opinion will never change on their worth.
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Rest in Peace
United States
2884 Posts |
Terry, beyond the value of authentication,(that's where it all really started)I agree! I had an early U.S. gold Type 1 dollar in a NGC holder graded MS60. I sent it to PCGS and it came back slabbed as an AU58!I broke it out again and sent it to ANAC's. It came back, Unc Details, edge filed, net MS60! I guess the big guys did not look at the "third side" of the coin! [:0] Mike
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Valued Member
United States
138 Posts |
It sure seems like PCGS is biased when it comes to crossovers. Of course they say that their grading standards are simply tougher than the rest, but they also say that larger dealers don't get special preference when it comes to grading and we all know that's just not so. The majors always get better grades than you or I will. Sorry PCGS, that's the truth as the vast majority of collectors/dealers see it.
Nick
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Pillar Of The Community
3147 Posts |
Good call tradernick! Seems like the world of the rich think all the little guys are stupid? They really don't have a clue how much money they are LOOSING by playing the games they play or how many collectors were turned off years ago. So, who does that make the fool(s)?
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Valued Member
United States
458 Posts |
quote:
Originally posted by zakgold
I sent in 10 NGC coins under economy service. I stated on the form that they were NOT to be slabbed unless they were the same grade as the NGC holder. Guess what happened? After 60 days, I got my coins back in a nice PCGS blue box and NOT ONE was crossed over! NOT ONE!
I called PCGS and I told them it looked like they did nothing except re-pack them in their blue box and send them back. No explantion on the form...nothing. They were kind enough and suggested I re-submit them again for evalution.
Guess what? All 10 coins came back. I am out over $160 and a little ticked off.
Now people have suggested I should have cracked them out before I submitted them to avoid this "prejudice", but I figured a coin in a NGC holder at 69 Ultra Cam is better than it is raw.
10 for 10...ZERO. It is almost like a PCGS grader looking at NGC and thinking, "those coins are not up to OUR standards because of the very holders they are in."
Am I wrong?
Nope, thats exactly what the y probably did. Once they saw the NGC holders they did not even bother to look at the coins--They stuck em in their prurdy blue box and sent them back to ya with I am sure not even a thank ya for the $160 sucker-- "Now people have suggested I should have cracked them out before I submitted them to avoid this "prejudice", but I figured a coin in a NGC holder at 69 Ultra Cam is better than it is raw." Ya I woulda--no way will I ever send PCGS a slabbed coin stating to cross it over only in same grade--they get a kick outa down grading a ngc or anacs coin if you would not have stated equal grade. It re-enforces this elitist mind set these pcgs slabs supposedly has. It is all BS tho IMO, this over payments for pcgs slabbed coins is mainly self created by all the rich boys that pcgs has manage to suck in-- You would have had a beetr chance breaking them out and making them "earn" there money--  BTW, did you re-submit them? Did you re-send them back as they asked ya? & then you got em back again not crossed over for a 2nd time? |
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Valued Member
 United States
382 Posts |
The 2nd time the same thing happen. 4 months of wasted time, I'm out $160 dollars plus and all I got was two PCGS blue boxes for the trouble.
Maybe I should have cracked them out...
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Valued Member
United States
458 Posts |
quote:
Originally posted by zakgold
Maybe I should have cracked them out...
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Pillar of the Community
United States
1203 Posts |
quote:
Originally posted by zakgold
10 for 10...ZERO. It is almost like a PCGS grader looking at NGC and thinking, "those coins are not up to OUR standards because of the very holders they are in."
Am I wrong?
What I believe you are seeing is a protection of "turf". They like to think they grade better than anyone else, and by switching slabs as you ask, they would be admitting they are no better than the next guy. If this is carried on then why not pay the same for NGC as they do for PCGS? See what I mean. |
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Pillar of the Community
United States
980 Posts |
quote:
Originally posted by zakgold
I sent in 10 graded coins for crossover to PCGS slabs. Why? A PCGS graded 1971-P MS65 IKE, for instance, is worth almost double than a NGC 1971-P IKE in the same grade. A 1973-S PR69DCAM PCGS Lincoln is worth about 4 times more than a PR69 NGC Ultra-Cam. Why fight it? I look at prices realized for PCGS coins over the other TPG's, and I figured to rather join them than take up the fight.
I figured I had these duplicate coins in NGC holders, so I would re-slab them in PCGS holders, sell them, and take the proceeds and buy other coins.
I sent in 10 NGC coins under economy service. I stated on the form that they were NOT to be slabbed unless they were the same grade as the NGC holder. Guess what happened? After 60 days, I got my coins back in a nice PCGS blue box and NOT ONE was crossed over! NOT ONE!
I called PCGS and I told them it looked like they did nothing except re-pack them in their blue box and send them back. No explantion on the form...nothing. They were kind enough and suggested I re-submit them again for evalution.
Guess what? All 10 coins came back. I am out over $160 and a little ticked off.
Now people have suggested I should have cracked them out before I submitted them to avoid this "prejudice", but I figured a coin in a NGC holder at 69 Ultra Cam is better than it is raw.
10 for 10...ZERO. It is almost like a PCGS grader looking at NGC and thinking, "those coins are not up to OUR standards because of the very holders they are in."
Am I wrong?
Zac, That stinks! Wish I had the experience to give advice. Would any of the coins sell for more at a lower grade in a PCGS holder? could crack that one out and send it in as an experiment...if it gets the same grade it currently has you'd be ahead, and if it is a point lower it might not be a loss. Is this a typical experience? Don |
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Pillar of the Community
United States
1247 Posts |
quote:
Originally posted by tradernick
It sure seems like PCGS is biased when it comes to crossovers. Of course they say that their grading standards are simply tougher than the rest, but they also say that larger dealers don't get special preference when it comes to grading and we all know that's just not so. The majors always get better grades than you or I will. Sorry PCGS, that's the truth as the vast majority of collectors/dealers see it.
Nick
These grading companies also like to brag that their graders don't know who the submitters are as if that really means anything. Why do the graders have to know? Am I suppose to believe that when a grader gets a box of 500 high grade Morgan dollars he can't figure out what he's suppose to do? Ode to the Great Holy Fathers: "...I dreamed I was in a Hollywood movie And that I was the star of the movie This really blew my mind, the fact that me, an overfed, long-haired leaping gnome should be the star of a Hollywood movie..." Spill the Wine--Eric Burdon |
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Pillar Of The Community
3147 Posts |
I am just waiting for the right guy to get ripped off who happens to have enough money for a big name lawyer! I can't think of any other profession where you can just NOT do what you have been paid to do and keep the money! It most definitely HAS to change and it will take the threat of losing large sums of money to ever get it done! Even a damaged or cleaned coin should HAVE to be graded and slabbed as such if they are going to keep your money. If they don't want to put ANY coin in one of their precious plastic coffins they should REFUND every cent other than shipping. People are getting ripped off big time by the grading companies and no one is acting in their behalf, including the "money for hire" ANA! |
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Pillar of the Community
United States
1247 Posts |
Terry you really should come out your shell. What do you really think about them?  |
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Pillar Of The Community
3147 Posts |
Longnine009, I can't think of any other industry who gets to keep your money for doing nothing. Just throw the coins in a body bag, send them back, and don't worry about anything as they get to keep your money! When you hire someone for a service you should get just that! If they can't do the job then you owe them nothing except shipping. Personally I think every coin submitted should HAVE to be graded and the condition marked on the slab. If it is damaged, so be it, if it is cleaned so be it! No matter what....you get something for your money and a plastic coffin to prove it! It would benefit everyone involved as when the time comes to sell you don't have to explain a thing as the coin(s) have been professionally graded and all the bull will already be described on the slab!!! Everyone wins when the grading services finally LEARN to do their job!
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Pillar of the Community
Australia
1091 Posts |
quote:
Originally posted by zakgold
I sent in 10 NGC coins under economy service. I stated on the form that they were NOT to be slabbed unless they were the same grade as the NGC holder.
You sent 10 coins to a grading company, TO BE GRADED, and crossed over if they were the same as the NGC holder. They returned the coins to you WITHOUT their grading. Therefore, they did not perform the service you requested of them. You do not have to pay as they did not fullfill your requirement. From crystalk64..."I am just waiting for the right guy to get ripped off who happens to have enough money for a big name lawyer! I can't think of any other profession where you can just NOT do what you have been paid to do and keep the money!" I can think of one profession...Lawyers!  |
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Replies: 40 / Views: 4,226 |
Posted 06/30/2005 10:25 pm
