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Who Has The Deeper Capability For Variety Attribution: PCGS Or NGC?

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CoinAdvocate's Avatar
United States
141 Posts
 Posted 10/17/2024  04:27 am  Show Profile   Bookmark this reply Add CoinAdvocate to your friends list Get a Link to this Reply

Quote:
But since there is absolutely no science behind their grading methods, just how would a person prove the two points?


Valued Member
United States
450 Posts
 Posted 10/18/2024  7:12 pm  Show Profile   Bookmark this reply Add Maine Member to your friends list Get a Link to this Reply
At first, I kind of ignored this thread.
Now I will say that it has grabbed my interest.
My collection includes a few slabbed coins.
Mainly Key Lincoln Cents, slabbed by NGC and PCGS.
I have ceased buying coins for now, but in the past I have trusted NGC and PCGS and I hope that their trusted reputation will continue.
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Earle42's Avatar
United States
10034 Posts
 Posted 10/18/2024  7:33 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
At first, I kind of ignored this thread.
Now I will say that it has grabbed my interest.
My collection includes a few slabbed coins.
Mainly Key Lincoln Cents, slabbed by NGC and PCGS.
I have ceased buying coins for now, but in the past I have trusted NGC and PCGS and I hope that their trusted reputation will continue.


Trust is one of the main issues. If you have not seen the essay in my signature here is the link:
Common grading company shortcomings & resulting co$tly mi$take$ to collectors (using Kennedy No FG halves):
https://ln5.sync.com/dl/7ca91bdd0/w...939059710007

Way too many people, as shown in the essay, have lost thousands of dollars by the companies mislabeling halves as no FG that, by their own cited/linked to standards, are not No FG halves. There is a (being generous) a 30% error shown/linked to by examples in that essay.


When I was researching the No FG variety of Kennedy half dollars as slabbed by the companies (quite a few years ago now) it made me understand the expertise levels of these companies is greatly overrated by the marktet. The market being made of a lot of people who invested in a membership making them more psychologically apt to want to view the companies as being what their marketter's claim they are.

That is NOT an insult. It is just how I have come to view the ones that charge membership for their services (NGC and PCGS) and how the market looks down upon slabs not produced by those companies. It is psychological since none of the companies use any verifiable means to grade coins. Again, without something verifiable, how can one company possible be rated as being better at grading than another? And again, the re-slabbing "game" (as I call it) again reflects the truth in this statement.

My trust in their actual grading has been steadily declining as I have put in more and more hours of research. I view them now as any other modern company who is prioritizing shareholder profits vs. taking pride in a job well done. This is not uncommon in the businessworld nowadays, and unfortunately the coin hobby is far from immune to it.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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Brandmeister's Avatar
United States
6498 Posts
 Posted 10/18/2024  8:22 pm  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
To the OP, in my research of many varieties over the past 18 months, I have found quite a number of mis-attributed coins in the PCGS listings. I cannot speak to NGC, as they lack a comparable service to the TrueView catalogs of published images. At this point, I would not buy an expensive variety in any slab without careful examination of the coin itself.
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DOCC's Avatar
United States
1502 Posts
 Posted 10/18/2024  9:05 pm  Show Profile   Bookmark this reply Add DOCC to your friends list Get a Link to this Reply

Quote:
At this point, I would not buy an expensive variety in any slab without careful examination of the coin itself.


Well said. Fortunately my buy sources always have a return policy so I have some comfort in knowing a false attribution purchase can be negated/returned.

But this does bring up another point IMO. It goes the other way too. I know a submitter must 'request' a non-RedBook attribution or the TPG will just ignore. I do understand the TPG position to some extent. But for attributions that are blatantly obvious (but not requested by submitter), shame on the TPGs for not picking up the phone and saying "hey, ya know...".

Case in point: About a month ago an AU 1856-S Seated quarter was on auction. It was a glaring S over s albeit unattributed (PCGS). Me and one other bidder noticed (out of at least a dozen bidders). True value was 10x over what the bidding was at until we got involved (I lost) so thankfully the owner did cash out properly.
I swing a metal detector and have a knack for finding dirty old coins.
Dirt coin restoration projects - https://www.prodetecting.com/restorations
Dirt coin restoration blog - https://www.prodetecting.com/blog/ccaw
Dirt coin dig videos - https://www.youtube.com/@prodetecting
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