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 Replies: 40 / Views: 4,220 |
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Valued Member
United States
458 Posts |
Another profession, doctors, another, football players, another hockey players, and the worse offenders the beesball players and the biskitball players--  But the coin profession? they da worse--IMO--esp PCGS--  |
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Pillar Of The Community
3147 Posts |
You do have a point! I stand corrected!
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Pillar of the Community
United States
1247 Posts |
quote:
Originally posted by crystalk64
Longnine009, I can't think of any other industry who gets to keep your money for doing nothing.
The Mafia is pretty good at providing nothing for something with their "protection" money.  I think as collectors we tend to focus too much on specific companies--this TPG service is the worse or this TPG is the best, rather than focusing on the real issue which IMO is "market" grading. It's like saying stockmarket A) declined 25% this year and stockmarket B) declined 90% this year, therefore stockmarket A) is stronger than B)because it's spiraling in at a slower rate. But both are in trouble and it's because of some kind of rot somewhere that is the cause. And the rot in coins, IMO, is "market" grading. |
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Valued Member
United States
421 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.
One might make the argument that this is the reason why not very many NGC coins will cross straight over to PCGS (in the examples you provided). Unless coin buyers are just plain stupid, there wouldn't be that big of price difference if the quality of the coins wasn't different. Just a random thought as the slabbing game is not something I play nor care to play... |
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Valued Member
United States
138 Posts |
quote:
Originally posted by toast
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.
That's not the way it works. You pay them to CERTIFY the coin. Whether the coin(s) actually make it into one of their holders doesn't matter at all. That's not just true for crossover service...if you submit a coin and they return it uncertified due to cleaning or being a counterfeit or damaged or whatever reason...they still collect their fee. That's true of all the grading services. |
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Pillar of the Community
Australia
1091 Posts |
Sorry, My misunderstanding of the process.
What do they do to "certify" a coin? What does that mean?
It sounded to me like the 10 coins were sent to them, twice, and they just sent them back in their shipping box each time and charged $160 without explaining why. I guess I don't understand the whole crossover and slabbing process.
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Valued Member
 United States
382 Posts |
They told me on the phone that all 10 did not meet or exceed the minimum grade (which was the NGC grade). They said services were rendered as each coin was examined. However, since not ONE coin meet "their" standards of the given NGC grade, they were sent back with a charge on my VISA. All the coins were MS65 or above with some ULTRA CAM proofs (PR 69). Grading for me is very difficult above the 65 range (especially with proofs). Sure I can see a carbon spot, but picky, picky, picky... I couldn't tell you the differances between a 68 and 69 proof. I have been told by Randy Campbell (ANACS grader) at a recent coin show that I am color blind (Lincolns) to some degree. That is why I rely on the TPG's so I know exactly what I have for my good coins. I am sure frosted that every coin came back...Aren't NGC and PCGS that differant or is PCGS just prejudiced when they see a NGC holder...or any holder for a crossover. Edited by zakgold
07/03/2005 08:47 am
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Valued Member
United States
421 Posts |
Another random thought...
Does a 'crossover only at the same grade' start out with a disadvantage because it has to be graded through the plastic of the slab it is in? Obviously, they can't see the edges and the plastic has to at least make a bit of a difference as opposed to being able to see the coin in its raw state.
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Pillar of the Community
United States
1247 Posts |
Another though on that is how do collectors check dimples and P/Ls when they are in a slab? As I understand it, you must be able to read standard size print being reflected at a certain distance for a coin to be a DMPL. How is it that the slab doesn't interfere with that. And we're suppose to check aren't we..."Buy the coin and not the slab" ?
"Buy the coin and not the slab" is like paying someone to change your oil and then changing it yourself to make sure it was done right.
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Rest in Peace
United States
2884 Posts |
This thread got me thinking about a few things. One is the actual dollar differences between same grade coins by the "accepted" top tier TPG'S. First of all, other than PCGS being the most "money" for the grade, there is no specific ratio or amount above another TPG that I can easily figure out. In some instances the prices are equal, or nearly so. Sometimes ANACS is less than NGC or PCGS, but not always. If these coins are all being graded to the same standards that makes it even more difficult to understand. We all have heard of or had an experience with grading variations between the TPGS. We all are constantly reminded that grading is "subjective". Still and all I find it hard to believe that 10 coins, all slabbed by NGC could all be rejected! You can cover up the grade, but you can't change the shape of the holder! Mike [:0] |
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Valued Member
United States
382 Posts |
I submitted them because if you look at the prices realized for Heritage Auctions alone, PCGS coins go for way more than all of the other TPG's. Like it or not, the market is speaking. I figured, okay I have these 10 NGC coins...let me submit them. If they cross at the same grade, I would be happy. I would sell them, cover the grading costs and net some profit to apply to other coins on my want/wish list. Boy, I was wrong as when all 10 came back again. I felt like a 3 year old getting spanked at K-mart...OUCH! |
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Valued Member
United States
187 Posts |
Here's a HUGE tip to consider when sending coins into PCGS. This comes from a former grader at PCGS. When sending in coins still in their holders for crossover to PCGS you must remember that the people at PCGS are unable to view the 3RD SIDE of a coin! You are at an immediate disadvantage when sending in holdered coins for crossover to them. Also, PCGS is not prejudiced against any other grading co. when it comes to crossovers. They would love to cross every coin that comes in so that one more coin would be in a PCGS holder.
Jerry
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Valued Member
United States
187 Posts |
quote:
Originally posted by Stujoe
Another random thought...
Does a 'crossover only at the same grade' start out with a disadvantage because it has to be graded through the plastic of the slab it is in? Obviously, they can't see the edges and the plastic has to at least make a bit of a difference as opposed to being able to see the coin in its raw state.
Yes!!! And PCGS is adamant about it. Especially if there is any significance or rarity attached to the coin. Jerry |
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Valued Member
United States
458 Posts |
So, as I been saying all along, if your gonna send pcgs a coin to grade, (or any other TPGS) make 'em earn their doe--Crack those suckers outa the plastic surrounding the coin(s)--then perhaps, if your lucky, the coin will come back equal, & if really lucky @ a higherr grade--If I were you za, I would crack those suckers out, and resend them when u have 160 laying around, in fact when they said send em back, I woulda, AFTER I crack 'em outa their shell--  |
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Valued Member
United States
382 Posts |
Will do next time...thank you everybody for your input. If was a $160 lesson to say the least. Knowledge never ends...Ed
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Replies: 40 / Views: 4,220 |
First Page
Posted 07/02/2005 5:54 pm
