1882 CC Morgan Dollar - 66 Vs 67? NGC Vs PCGS?

People supporting a company is how every company succeeds. Its definitely your right to disagree and everyone is free to collect how they see fit, no judgements here. But I will say the perception and people voicing those opinions happened for a reason. If they didnt deliver on their product it doesn't matter how much advertising a company does it will fail. If all it took was advertising to over take them someone would have thrown a bunch of money at ANACS or started another TPG and done so. A reputation can certainly get overhyped, but it only does so from doing a better job than its competition. Whether its TPGs or companies in general, if their quality declines and someone else is doing a better job that company either readjusts and gets their act together or they fade away

And I do consider myself a conspiracy theorist myself, just ask me about my belief the mint gives large order dealers special treatment lol

the coin was actually graded 67 (not 66) - so then you think PCGS made a mistake in grading this 67? should have been 65 (or lower?)

Sort of. Grading the TPGs wasnt why they started or were needed. A by product of what they do caused the TPGs to tighten up their grading but their main purpose was to serve the high end dealers who have to buy coins worth thousands for their customers sight unseen.

They dont grade whether or not a coin that says its a 67 is a 67, they grade whether or not its a mid to high grade 67. That allows the dealers to know theyre getting a quality to high end coin for its grade as opposed to a borderline one that may not be worth the extra money. This of course then carried over to the general public making those coins more desirable.

A lot of people mistake not getting the bean for being overgraded, which certainly does happen, but not getting the bean doesn't in itself mean it was graded wrong. Plus people are always looking for a way to say their coin is more valuable or better and separate it from the pack and this is another way to do that.

Thanks Mate I was worried that I may have picked up the wrong end of the stick from the fire

So in essence the slabbed phenomena was created so that coins could be traded like any other commodity eg pork bellies corn etc with an assurance of quality.
Now this quality assurance is in question

In reality slabbed coins could be treated like any other commodity and be traded on the futures market ( not unlike paper silver and gold)without anyone actually having the coin in hand

I sincerely hope this doesn't happen in my lifetime because I would be appalled seeing this happen.

The slabbing of coins initially was a good concept because it gave inexperienced collectors an assurance that the coin they wanted/needed for their collection was genuine and of a certain grade.

Now a large percentage of graded coins are bought purely as an investment spread and has nothing to do with a numismatic passion, This to me is a very sad state of affairs.

As you can tell I am not a big fan of slabbed coins but HAVE bought them on occasion to assure myself that they are real/graded correctly.
Now that the TPG's have to be vetted by another TPG tends to take away that assurance that used to be there

basebal, but it IS a vetting. What else would you call it?

trout. I don't see anything like that happening. The site unseen purchasing is something that has gone on since coin collecting has been a hobby. First out of necessity as there was no way to see a coin in Philly if you were in D.C. unless you hopped in your carriage/Model T/Deuce Coupe/55 Bel Air etc and drove there. So purchases of rare high end coins occurred site unseen all the time. Even with the internet this still goes on. Not everyone is as hip as we are and plenty of folks still operate on the old system. Now, after all those decades of this going on, we now need CAC. That's the spiel anyway.

Which by inference says NOT getting their sticker indicates a mis graded or inferior coin. Oh, that may technically fall into the MS66 category, but WE think its an ugly coin and not worthy of our consideration.

But anyway, we can go back and forth for years I am sure. LOL We see each others points, just don't agree with them. Which is cool.

Not at all. Grading always has been, and always will be, subjective. We are not dealing with a known commodity that can be precisely quantified.

Grade creep and gradeflation are the biggest reasons for CAC's existence.

In some instances maybe, but low end of the grade doesn't mean misgraded. Theres definitely misgraded coins, but youd have to see each coin to decide, but yes it does mean it most likely wont look as nice as the CAC ones.

But there will always be a low end of a grade no matter what standards you use. Say you adopted the CAC standard and said were not grading anything a 66 ect that would CAC. In turn the mid grade coins from before would no longer CAC since they would be the new low end of the grade coins.

I will concede that the normal collector doesn't really need CAC since they look at coins before buying, but everyone always likes to think theirs is the best example and it is nice to get the added value when you can send them in yourself.

Always nice to have a nice debate