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Who Is Pcg And Is Their Grading Trustworthy

 
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Author Previous TopicReplies: 12 / Views: 629Next Topic  
New Member
United States
40 Posts
 Posted 06/27/2021  3:13 pm Show Profile   Bookmark this topic Add Newby Numis to your friends list Get a Link to this Message
Hi Friends,

Saw a slabbed coin in a PCG holder. Is this early PCGS, or is it another entity, and can they be trusted?

Thanks
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United States
20531 Posts
 Posted 06/27/2021  3:34 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
@new, looks like PCG was mentioned in a very early thread here on CCF--nearly 15 years ago.

http://goccf.com/t/8252

I'm sure that someone can weigh in better than me, but I would generally avoid that coin.

"If you climb a good tree, you get a push."
-----Ghanaian proverb

"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz

New Member
United States
40 Posts
 Posted 06/27/2021  4:42 pm  Show Profile   Bookmark this reply Add Newby Numis to your friends list Get a Link to this Reply
Thanks Spence, I saw it on the list. Wow, there is so much to this hobby, with people pulling shenanigans at every turn.
Pillar of the Community
United States
8330 Posts
 Posted 06/27/2021  6:44 pm  Show Profile   Check westcoin's eBay Listings Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
When their "about Us" Who we are company page has this to say:


Quote:
The operations of the PCG relates to the estimation of the conservation status of the coins and providing protective packaging systems. Quality of the currency is certified by a team of professionals whose many years of experience in this field is a guarantee of competence. In terms of security conferred by the Member numismatics, we have implemented an integrated logistics system which provides certainty and efficiency, without prejudice of the individual approach of the customer. Our specialization precludes any commercial transactions both on primary and secondary stages. Given the universality of and at the same specific issues, we want to be a company raising collectors' passion and meeting business expectations.

PCG Grading is flexible to your needs, and we hope that our professionalism and market position will not only shape the quality and price of product, but also increase the marketability of your product.


Run away as fast as you can, be afraid, very afraid. They won't tell you who they are, no individuals willing to put their name on the company and absolutely no buy back guarantee on anything they handle, no photos of the holders they use, no mention of some of the most basic and simple questions one should consider when submitting valuables to a company, such as;

Who the heck are you?

How long have you been doing this?

What are you qualifications?

What type of holder is provided?

How secure are they?

How many items have you certified in the past? Is there a list or database I can see?

What type of insurance do I the client have sending you my valuables?

Do any of the top hobby organizations endorse you?


I see none of these simple and basic questions answered beyond doublespeak and deflection. I'd trust them about as far as I could throw them that is if I could get to Delhi, India where they are located. https://www.pcggrading.in/contact.html

Caveat Emptor
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1982, EAC Member #6202, NBS Member, 2 variety collector.

See my want page: http://goccf.com/t/140440
Edited by westcoin
06/27/2021 6:45 pm
Pillar of the Community
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United States
8805 Posts
 Posted 06/27/2021  6:47 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Westcoin, you missed the most important part....

They're in New Delhi, India!
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
New Member
United States
40 Posts
 Posted 06/27/2021  7:13 pm  Show Profile   Bookmark this reply Add Newby Numis to your friends list Get a Link to this Reply
Thanks, this could have been really bad.
Pillar of the Community
United States
982 Posts
 Posted 06/28/2021  09:55 am  Show Profile   Check Collects82's eBay Listings Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
I can see a market for them if they want to clearly brand themselves as India specialists. That's over 2K years of numismatic history and coins they can do better than US based NGC/PCGS. The website isn't up to speed if that's their aim, which might be lost in translation thing.

India is noted for producing some REALLY thick coins too that don't work with NGC/PCGS. Even if they just had a custom holder that supported these beasts, they might have some market.
My hoard of '82s is up to 204! 218 BC x 1, 118 BC x 3, 18 BC x 1, 82 x 1, 182 x 1, 282 x 2, 382 x 1, 582 x 2, 682 x 1, 782 x 2, 882 x 1, 982 x 4, 1082 x 1 1182 x 8, 1282 x 2, 1382 x 1, 1482 x 5, 1582 x 13, 1682 x 15, 1782 x 57, 1882 x 49, 1982 x 33
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United States
34847 Posts
 Posted 06/28/2021  10:00 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
They state: "PCG Grading is flexible to your needs, and we hope that our professionalism and market position will not only shape the quality and price of product, but also increase the marketability of your product."

They mean: "We will put whatever grade you want on them."
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Pillar of the Community
United States
8330 Posts
 Posted 06/28/2021  11:38 am  Show Profile   Check westcoin's eBay Listings Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Grape I only missed the "New" part, look at the last sentence I wrote.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1982, EAC Member #6202, NBS Member, 2 variety collector.

See my want page: http://goccf.com/t/140440
Edited by westcoin
06/28/2021 11:38 am
Pillar of the Community
United States
2976 Posts
 Posted 06/28/2021  12:25 pm  Show Profile   Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
I have spent two years living in New Delhi, India. There are absolutely NO coin shops/businesses there. So it's pretty clear that these guys are the type of people to "deal under the counter." Meaning that they are not trustworthy whatsoever.
"Life is like a box of chocolates, you never know what you're gonna get." - Forrest Gump
Progress can only be achieved through trial and error. Failure is the greatest teacher.
New Member
Canada
1 Posts
 Posted 08/15/2021  6:34 pm  Show Profile   Bookmark this reply Add Perch to your friends list Get a Link to this Reply
Hello everyone!

This thread was the reason for signing up for your forum. I'll eventually make better use of all of your collective knowledge. I promise.

You can't say enough bad things about PCG. Those who don't know need to be warned not to put any weight behind anything this company does.

PCG has its origins in Kalisz, Poland. I got introduced to them around 2011 or so. At that time their slabs have already flooded the market.
They rode the wave of incoming TPG popularity from US and milked it fully. There was a craze for MS labels, American grading was expensive and these guys used the situation to their advantage. Their boxes were cheaper, didn't have to send coins overseas, and on top of that, return on investment was almost guaranteed with hot market at the time.
You pretty much got the grade you wanted - just say what you're aiming for.
PCG were covered because 'grading can be subjective, it's only an opinion, etc', sellers were covered because 'the grade is assigned by a third party, not them', buyers ate it up because of relative novelty of grading and slabbing in general and high opinion of NGC and PCGS at the time.
I don't believe it's a coincidence that their company name is similar to PCGS. It was most definitely intentional.
Rumours were that they were slabbing and selling product themselves (they probably did).
Luckily their grading bonanza was short lived and now PCG holders are considered worthless and detriment to coins. No one takes them seriously at all.
Business in Poland slumped and that's when they announced an expansion. They were 'going international baby!' and expanding to India only 'for now'. I say that because, at the time, they made it seem like Delhi was just the next step in their quest to expand.
Don't even know if they still operate in Poland, hope not. Good riddance to them, it was an almost criminal enterprise together with the dealers.
Dealers were also part of the problem and have no excuse for peddling this garbage. Reputations got tarnished forever wanting to make a quick buck/z#322;oty.
Gullible collectors were also part of the problem by propping up the market. They simply trusted the sellers and 'graders' and lost the most being at the end of the buying cycle.
The PR campaign for merits of slabbing coins was strong at the time. Similar to what you've always had in US and Canada but the two main TPGs from US are more trustworthy than this joke of a company.

In short, stay away from PCG. Their services have nothing to do with coin grading and more so with pumping up a price bubble for dealers in the early 2010s.
If any coin in their slab is in mint state, it's only by pure accident. Put zero weight in PCG slab label. If you must buy something slabbed by this company, buy after seeing coin live or with great pictures from a trusted source only.

Sounds like sour grapes and it is. At the time PCG was new. I was new to serious coin collecting and grading in general. Wasted money on MS-labelled coins that turned out to be ungradeable. Here's one of many examples. This is more of a norm rather than standard. The coin at the moment is free from the slab.

The image is reduced from its original resolution, might not be as clear as it could be. The coin was cleaned, it's heavily circulated, there are surface hairlines, zero original surface or mint luster.


Valued Member
United States
188 Posts
 Posted 08/16/2021  08:32 am  Show Profile   Bookmark this reply Add kenwright396 to your friends list Get a Link to this Reply
As others have mentioned, buyer beware.
New Member
Poland
49 Posts
 Posted 08/22/2021  3:28 pm  Show Profile   Bookmark this reply Add gumer to your friends list Get a Link to this Reply
Do not buy ANY PCG slab!
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