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 Replies: 27 / Views: 3,022 |
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Pillar of the Community
United States
5625 Posts |
Actually Zee, you have, as always some very clear logic, I see the TPG's are marching to different drums, but do NOT have to play, or like the rules. I do see the spiraling out of control happening with in the TPG's, I see they have their own policy for standards, each of them, I originally thought the ANA set the standards for ALL to follow for the "buying with out seeing the coin" idea, to keep some consistence in the slabs.........SO much for that idea. |
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Pillar of the Community
United States
3592 Posts |
1893S...those are my thoughts exactly when it comes to slabs..
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New Member
United States
31 Posts |
''No such thing as PCI... (there hasn't been for several years now).'' Yes zeewool, they have not been in business for a while now, but the coins that are in their old holders still have been pretty accurately graded with consistency, and alot of their attributions (at the time) were really accurate and for those reasons I still included them as a main TPG even tho they are no longer in business. and yes, I agree with almost every one of you; it is mostly about making money for the TPG them selves, and when there are in-accuracies in the grading it is usually do to the companies standard, not the "john Doe" grader him self. |
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Pillar of the Community
3660 Posts |
Yeah, I think that each company targets a different segment of the coin market, thereby maximizing their own share of that market while avoiding direct competition (and insuring self survival)..... I don't know much about TPGs, but that is how businesses operate..... You have to cooperate with your competition unless you are big enough to put them out of business.... So to me, the differences between the TPGs seem to be greater in scope services offered and fees charged than in levels of grading consistency and conservatism.
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Pillar of the Community
3660 Posts |
So, what to do with those problem free coins in the blue and small ANACS holders? Sell them, keep them?
Crack them out and resubmit? Which is more desirable.... a problem free coin in a small or blue holder, or a now problem coin in a new yellow holder?
What are the chances that they still might cross into PCGS, ICG or NGC holders?
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What is your perception of desirability between a problem free circulated grade, or a problem coin in MS graded condition?
I'm asking these questions because I do not know, but am trying to learn from those of you who do, (or at least have opinions).
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Pillar of the Community
 United States
3076 Posts |
PCI and its label rights have recently been bought up by the DOMINION GRADING SERVICE, which I believe is no longer grading coins under DGS... and there NEW PCI slabs have been showing up quite frequently on ebay..the minor note of the label difference is, original PCI holders have very small PCI PCI PCI PCI ect running around the entire label...the NEW labels have the same thing with the exception there is a gap in the progression...IE PCI PCI PCI PCI PCI ...these new labels are over graded and also at first thought to be counterfeit. until it was realized who bought up the rights and are now marketing the NEW PCI same green colored holders... |
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Pillar of the Community
3660 Posts |
Hmmm, interesting.... I did not know that (but then there is a whole big bunch that I don't know), especially about TPGs....  Thanks Gene. |
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Pillar of the Community
United States
3076 Posts |
I went to buy one of the PCI holdered coins, and also saw an 1895-s PCI holdered coin, that some one bought and was suspect that it was a counterfeit..I/we found that its now being sold, under the old name/old good grading standards,,but they are over-graded buy a point and a half IMHO..My coin I found was old school, so I bought it... |
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Pillar of the Community
United States
709 Posts |
The coin collecting hobby needs third party grading companies. Since the first third party grading company came into being in the early to mid eighties, we now have a generation of dealers who can't grade. Moreover those that can accurately grade over hype the grade on their coins to maximize profits. Many a coin was sold as a gem (mint state 65) to collectors who years later went to sell these same coins and were told these were now select (mint state 63)or worse. Bad deals on bad coins with little recourse for the buyer equals a bad situation and in the mid eighties this was exactly the state of the hobby. Unfortunately ANA standards are not followed. Third party grading companies use their own standards to grade. At the same time there have been unintended consequences from having third party grading companies. Those who could accurately grade realized some coins in mint state 65 were actually mint state 66 or something similar. Certain dates that are rare have huge prices jumps with just one grade. Many a coin were cracked out of one holder and resubmitted many times over until the desirable grade was achieved. By example, many early PCGS coins were cracked out. Those in old green holders were a good place to look. Not so much now. There is a term called gradeflation. It means over time grading standards within the same grading company are different than before. In this case tighter then than now. Another ancillary issue is market grading which is not part of this discussion but it has a strong role in grading of coins. |
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Moderator
 United States
23522 Posts |
What goes around, comes around. ANACS was the original, honestly grading by strict ANA standards. Things went....differently thereafter. Now, ANACS appears to have returned to the ANA standard. I will submit no coin elsewhere for the foreseeable future. Original green PCI slabs, using 10-digit codes, green labels and Futura type (perfectly round o's and zeros) should be sought. They were very, very good when they first began. |
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Pillar of the Community
United States
3076 Posts |
Well put...where we came from and why we are here...
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Pillar of the Community
 United States
1551 Posts |
As far as standards I some time think that at the end of the week a few graders get lazy. And the standards go out the window.
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Pillar of the Community
United States
3076 Posts |
much like hump day(wednesday)...LOL...can't we all just get along?
NOT FOR THE MONEY...
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Pillar of the Community
United States
4989 Posts |
I think a combination of the TPG slab and one's own grading skill is needed when buying a high end coin. The slab protects you more against counterfeits (very provable) and your own grading skill prevents you from purchasing a coin that has been overgraded (grade guarantees are not very valuable since grading is subjective). |
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Pillar of the Community
United States
3076 Posts |
WELL PUT..Fenton, while its a(supposed) protection..of grade...many still crack out?, as the standards , or persceptions, change..or the protection of the grades already assigned(numbers of known MS ratings) remains LESS to protect the values they are assigned...WHY is grading becoming stricter? or why then was in years past was it not so strict?
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Posted 01/04/2011 7:57 pm
