I have never gotten anything graded, so my question is, if I do submit it to be graded, do I go with NGC
, I have read good and bad on both on this forum?
You are also correct its a long shot with an MS70, but it can happen. You should know several things:
1. A lot of collectors like to send a coin in to have the experience. I did this also when getting back into the hobby.
2. A coin broken out and resubmitted, even to the same company, is never guaranteed the same grade again. grading is totally subjective with no verfiable standard behind it. This is likely how they keep people wanting to try the gamble of getting the "money level" grade.
3. A large volume dealer I know (ACE coins in Hagerstown, MD) did a private study not so many years ago and polled hs other dealer friends. He found a consistency in that when they would send in monster boxes of silver eagles each year, it was a consistent 20% that was MS70. He showed me, and challenged me to look for myself at others I would find, to look at MS70 slabbed Silver Eagles and it was not hard to find coins with rim dings, small marks, etc. He was convinced the companies just skim the top of the boxes and slab them as MS70s. Since there is no accountability with them...why go to the effort? Remember this is not proven fact, but theory...and the numbers seem to support it as does inspecting many MS70 slabs.
4. Things such as at this link are not difficult to find:http://goccf.com/t/346174#2967242
To make sure my position and reason for posting is clear:
My stance on these companies is they are just that: businesses just trying to make a profit. They do not use verifiable standards and it helps them profit from people wanting to gamble on getting that "money grade." The online registry sets have created a competition that aids the "gamble game" b/c people pay more and more trying to get the highest graded slabs in their registry sets.
A former member, Biggfredd, shared the following:http://goccf.com/t/130186
If a scientific grading method was used so the same coin always got the same grade, which is likely very possible with modern tech and has been for quite awhile, there would be no gamble.
Slabs are not evil, but the company reputations attributed by the market (and marketing plans) leaves a lot to be improved for the money they charge
If you are aware of the above and simply enjoy slabs, then go for it. Slabs look great and it can be fun to collect them. Just remember as is said on this forum many times, "
Buy the coin and not the slab."
BTW - check eBay auctions - usually PCGS
slabs can bring in a higher profit when sold. The other "game" involved in profits is paying another company to see if they will affix their CAC ticker to the slab. They charge you to evaluate their own "expert" opinion of how well the "experts" at the "expert" grading company did their job.
Peeking into the future...