Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Coin, Banknote and Medal Collectors's Online Mall Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics Shop for APMEX Bullion on eBay!Join Thousands of Coin, Bullion, & Money Collectors Vancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Is One "Better" Than The Other?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 12 / Views: 2,468Next Topic  
New Member
choob99's Avatar
United States
26 Posts
 Posted 03/09/2012  04:35 am Show Profile   Bookmark this topic Add choob99 to your friends list Get a Link to this Message Number of Subscribers
Hi all, newbie here (I posted in the welcome section, feel free to read my questions there and answer)
My question is....is there one grading company better than the other? Are different companies used for certain coins or certain ways of grading? I have a few coins that are FDOI from ANACS, looking at one from ICG, then it seem PCGS is everywhere I look, so not sure if I'm confused because I'm new or if it is just this confusing for everyone! lol
Is something graded from one company worth more than the same thing and same grade at a different company, etc?
Pillar of the Community
trout1105's Avatar
Australia
7096 Posts
 Posted 03/09/2012  05:21 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
to the family choob.
I can't help you because I have no use for any of them.
But most people here do so you will get an answer soon
Moderator
Learn More...
John1's Avatar
United States
56855 Posts
 Posted 03/09/2012  05:30 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
to CCF. This is just my opinion, PCGS is the main company and their stuff if worth more generally speaking. They also grade more accurately. Now for errors and varieties I would use ANACS.
John1
Pillar of the Community
westcoin's Avatar
United States
9792 Posts
 Posted 03/09/2012  06:11 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Depends on if you are strictly using them as a guarantee of authenticity or for a grading company, and collecting or investing?

For resale PCGS and NGC are tops, add in a CAC labeled slab then you are good to go with almost any dealer.

Authenticity all the top TPG companies are about the same, for a vast number of slabbed varieties and lower cost slabs ANACS comes out on top, as they do a better job IMO on varieties.

Bottom line is to learn as much as you can through study and hands on participation like at a coin show or ANA seminar, and buy the coin not the slab, due diligence and keeping in mind there is almost always a better coin than what your looking at out there for sale somewhere.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Pillar of the Community
United States
684 Posts
 Posted 03/16/2012  8:39 pm  Show Profile   Bookmark this reply Add Westwood Arms to your friends list Get a Link to this Reply
I like PCGS for US coins and NGC for foreign.
Valued Member
Cali_Nick's Avatar
United States
307 Posts
 Posted 03/17/2012  02:16 am  Show Profile   Bookmark this reply Add Cali_Nick to your friends list Get a Link to this Reply
My personal opinion is that PCGS slightly over-grades some coins and has as a result become very popular in the last few years. Also in my opinion, I feel that NGC is pretty exact except once in a while they will give a net grade instead of a details(example: an AU-50 cleaned coin is given an XF-45 no-problem grade). ANACS, in my opinion, is the most accurate TPG but suffers from having a very ugly coin holder. ANACS is the less expensive of the 3 TPGs since they dont require you to pay a yearly membership fee.

In my opinion, because there are so many PCGS slabs out there and because there is a perception that they have better coins by consumers, they command a larger premium when being sold. So if you were only interested in grading coins to sell; PCGS would be best, followed very closely by NGC. ANACS would be the worst for re-sale.

Probably many people will disagree with me, but I believe ANACS could double their business if they simply changed their slab color from the ugly yellow back to the blue. Of course it sounds stupid as we are supposed to buy the coin not the slab, but if the coin is in the slab you are forced to see the slab every time you look at the coin. There is still a business side to TPGs and if any ANACS employees are reading this, there is your free marketing advice.

In my opinion :)
Edited by Cali_Nick
03/17/2012 07:17 am
Pillar of the Community
glenzy1's Avatar
Canada
1554 Posts
 Posted 03/18/2012  02:19 am  Show Profile   Bookmark this reply Add glenzy1 to your friends list Get a Link to this Reply
my favourite when slabbing U.S. coins would be NGC without a doubt. Over the years if I had to compare them to PCGS, I've seen far more questionable coins slabbed by PCGS than with NGC.

Glenn
Pillar of the Community
cc99999's Avatar
United States
1302 Posts
 Posted 03/18/2012  2:11 pm  Show Profile   Bookmark this reply Add cc99999 to your friends list Get a Link to this Reply
selling coins sight unseen, PCGS coins fare better. This is not to say PCGS gets it right for all series or coins... they DO NOT. If you do not know the series well, and want to rely on someone else's "expert opinion", I'd go with NGC or PCGS for grade and ANACS for varieties... but once you know the series buy the coin and not the holder.
New Member
choob99's Avatar
United States
26 Posts
 Posted 03/19/2012  11:43 am  Show Profile   Bookmark this reply Add choob99 to your friends list Get a Link to this Reply
I have been reading my new ANA grading standards book and am now wondering how PCGS and NGC seem to have passed up ANACS, even though ANACS was started by the ANA? Any insights?
New Member
United States
10 Posts
 Posted 03/23/2012  03:08 am  Show Profile   Bookmark this reply Add Bullionaire to your friends list Get a Link to this Reply
PCGS has much stricter grading standards....PERIOD. I recently submitted an 1861 Seated Lib. $1 Proof to PCGS that had recently been conserved/slabbed by NCS/NGC @ PF65 Cameo..... PCGS informed me that the coin would likely grade down to a 64 NON-CAMEO, so I opted to keep it in the NGC Holder. However, I agree with PCGS....the coin was NOT an Honest 65 and should not have received the Cameo designation.

Another example(and I have many).... I recently sold two different 1894 Morgan silver dollars, one NGC, one PCGS.... Both MS64, the NGC coin has the + designation. This was a dealer-to-dealer transaction, I received $7350.00 for the PCGS Specimen and $5500.00 for the NGC Specimen. PCGS coins simply command a stronger market value than NGC coins. I use both services and have good relationships with both companies.... But facts are facts. PCGS is the Premiere grading service in the World. Case Closed.
Valued Member
cjtm92's Avatar
United States
140 Posts
 Posted 03/23/2012  12:37 pm  Show Profile   Bookmark this reply Add cjtm92 to your friends list Get a Link to this Reply

Quote:
PCGS has much stricter grading standards....PERIOD.


Not entirely true. Out of all the coins that I've seen graded or have had graded, PCGS grades more cleaned coins than NGC. Also, PCGS is more likely to give, say, a ASE a higher grade than NGC.

It really boils down to what type of coin you are having graded and to be honest when the coin is graded. I've talked to a guy that used to be a grader and he's told me how toward the end of the day, they heads are throbbing, eyes are killing them, and they just can't wait to get home so there's a better chance for mistakes.

You really cannot say that PCGS is better than NGC or vice versa. Each has their flaws.
New Member
United States
10 Posts
 Posted 03/24/2012  03:06 am  Show Profile   Bookmark this reply Add Bullionaire to your friends list Get a Link to this Reply
"Not entirely true. Out of all the coins that I've seen graded or have had graded, PCGS grades more cleaned coins than NGC. Also, PCGS is more likely to give, say, a ASE a higher grade than NGC.

It really boils down to what type of coin you are having graded and to be honest when the coin is graded. I've talked to a guy that used to be a grader and he's told me how toward the end of the day, they heads are throbbing, eyes are killing them, and they just can't wait to get home so there's a better chance for mistakes.

You really cannot say that PCGS is better than NGC or vice versa. Each has their flaws."

For a short period of time I Was a grader.... It was made clear to some of us that if you stayed on as permanent graders, you would have to agree to give up trading(buying/selling) altogether. That was it for me. SO YES I CAN SAY PCGS IS BETTER THAN NGC. Cjtm92.... Are you a dealer or collector, what exp. do have in grading? And you honestly believe PCGS is more forgiving on ASE's than NGC? Wow! You need to look up the Census and Pop reports and compare them..... That's actually laughable!
Moderator
Learn More...
SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/24/2012  12:52 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Here's my PCGS experience, Bullionaire. The coin is a very late die state VAM-1F, perhaps the latest die state I'd ever seen. That's why I snapped up such an ugly coin, and I willingly paid over market for it:

Is-One-

Is-One-

Is-One-

Is-One-

Is-One-

The sender smoked the coin to cover the hairlines, and PCGS willingly slabbed the result.

Here's another PCGS experience:

Is-One-

Is-One-

They called that one 65RB.

Needless to say, I'm no fan. With that said, PCGS is clearly the leader in the marketplace, and these days they (along with ANACS) are grading very closely to ANA published guidelines; over the last two or three years I've become increasingly comfortable with the quality of their grading. However, there are still years and years of questionably-graded PCGS slabs on the market, and since you cannot date a slab other than generationally it's always going to be a crapshoot.

PCGS is also very trigger-happy with the Genuine designation, using it if there's even the slightest question in order to cover their tails regarding their guarantee.

As a result, I do not recommend sending anything to PCGS unless for the specific purpose of resale. ANACS is my usual recommendation these days - they're light-years ahead of PCGS with variety attribution and grade just as strictly. NGC remains laughable.
  Previous TopicReplies: 12 / Views: 2,468Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.39 seconds to rattle this change. Forums