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 Replies: 17 / Views: 3,211 |
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Pillar of the Community
United States
4233 Posts |
The ownership and president both changed this year. Not sure if that's going to make things better or worse. I've never submitted a coin to them but from my experience on their forum I never will. It's a long story but the summary is that I demonstrated that their designation of a 1942 experimental cent as "high relief" was bogus, the forum thread contained lots of research by me and others, they poofed it because it embarrassed them, and when I called them out on it, they banned me.
So yeah, they're not big on doing research where they really need to. Certainly there are a lot of run-of-the-mill coins where it doesn't take much time to slap out a grade, but my impression is that they treat every coin that way. I can guess that hiring and keeping qualified employees could be a problem too, as it seems to be in every industry these days.
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Pillar of the Community
 United States
824 Posts |
Sel_691, I am sorry but I don't understand your comment? Can you elaborate? I do grade my coins and send coins to PCGS to help when it comes time to sell. Unfortunately, with the grades that PCGS has been giving it is doing more harm than good. My grades are in line with what other people think as well (why I posted the 4 coins in the forum). I submit coins to PCGS for one of two reasons, the value is over $500 or the die marriage is an R6 or higher. The 4th link above coin is valued at $3,500 (PCGS value) in XF45 grade but $5,000 (PCGS value) in AU53, everyone that has commented says at least AU53 if not higher. It is kind of hard to sell an XF45 graded coin at an AU price.
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Pillar of the Community
United States
4469 Posts |
I agree, it appears that PCGS missed on all 4 grades. I stopped sending in coins for grading about 2 years ago as the grades from PCGS and NGC were too inconsistent. Today, the coins that I buy raw, stay raw. I still do send in coins to CAC.
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Pillar of the Community
United States
4692 Posts |
If you are sure your coins are undergraded, send to CAC and if you are correct, they should give them a gold bean.
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Pillar of the Community
Canada
857 Posts |
It's like everything about their grading changed, I'm so used to seeing cleaned coins in straight grade holders, coins with no luster in mintstate holders. Now it seems the smallest Nick is a "scratch", and now the inconsistency seems inconsistent.
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Pillar of the Community
 Canada
5402 Posts |
Had great results from ANACS over the last year.
NGC results overall decent .
Won't use PCGS for numerous reasons .
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Valued Member
United States
164 Posts |
I prefer ANACS by far. To me, they seem more consistent, I have yet to have any serious issues over a couple hundred submissions, and they cost significantly less than PCGS and NGC. I just don't agree with the idea that ANACS is a step below PCGS/NGC. At worst, they're even.
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Pillar of the Community
 United States
697 Posts |
Quote:
If you are sure your coins are undergraded, send to CAC and if you are correct, they should give them a gold bean. This! Steve A day without fine wine and working on your coin collection is like a day without sunshine! My collecting "Pride & Joy" is my PCGS Registry Dansco 7070 Set: https://www.PCGS.com/setregistry/ty...edset/213996 |
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Bedrock of the Community
Australia
21788 Posts |
Just a general statement:
It is essential that you learn to grade accurately for yourself.
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Pillar of the Community
United States
1694 Posts |
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Valued Member
Canada
61 Posts |
Quote:
I am fed up and done with PCGS! I have recently sent in and received back 8 coins that I sent in for grading and attribution. I have submitted coins 17 times in the last 7 years and the last few just keep getting worse and worse results. With my latest order of 8 coins, 4 were undergraded or the wrong designation and 3 were overgraded. I have posted 4 of them on this forum to show you and for your opinions. I thought almost all of them should have been details but half came back straight !
The 4th coin from what I can tell was undegraded. I do think CAC would sticker it as it looks like a very strong EF45. But I could be wrong. I do have one question for you. Did you buy these coins online or did you buy these in person. I hate to say it but there is a recurring pattern with allot of coin collectors buying RAW online and being way off with what PCGS/NGC has come back with. My point being that allot of coins are quite difficult to buy RAW online. There are just somethings you will not be able to see from a picture. My 2 cents. Cheers |
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Pillar of the Community
United States
2286 Posts |
I've learning to grade, it's tough but worth it.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Bedrock of the Community
United States
20753 Posts |
I could care less about any grading service. If I like a coin, I but it regardless of any grade.
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Pillar of the Community
United States
1316 Posts |
I'm happy to be a part of the club the waits for an ANACS special. I've been happy and no one does varieties like they do.
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New Member
United States
18 Posts |
Amen Just Carl! I am the same as you in that if I see a coin I like, I will buy it based on my inner need to own it. I am not making light of the professional collectors nor the people who buy and sell for a living. Myself, I am just a ordinary Joe who has loved collecting for a very long time. More often than not, when a coin catches my eye, if I am interested, I will certainly give it a good looking over. Under a loupe or on my computer screen blown up to give it a good look. Based on what grade I think it is, then check value and price guides to come up with what I am willing to pay for it.
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Replies: 17 / Views: 3,211 |
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Posted 09/09/2021 8:20 pm
