NGC Population Report

Wow that is Quite a difference compared to PCGS

NGC MS66 MS67 MS68

239 300 3 well over 50% MS67

PCGS 110 19 0 About 15% MS67

That is exactly my point.
It must be pretty easy to get a MS67 from NGC.
They must be close to the same Population as ANACS

Actually, No. PCGS is losing market share. That is reflected in it's financial results and stock price. From the collector point of view this creates four risks:
1. Long term survival. You can't continue losing market share forever. At some point, you have to go out of business. If that happens, PCGS slabs will lose their value.
2. Low pop creates artificially high prices. Sure, there are only 19 of those coins graded MS67, but they have nearly a million brothers and sisters out there. If we extrapolate 13.5% to the total of these quarters sold, we get 128,000. Sure, the graded coins were probably cherrypicked, but even a tenth of that number is almost 13K. I bet that there are thousands of rolls that no one looked at yet. If people actually pay $300 for those things, a lot more will get graded and prices will plummet.
3. Low pop is not conducive to an active market. Scarcity helps coins that are truly rare. It hurts coins that are produced in the millions.
4. Low pop creates unreliable samples with high margin of error. With lots of coins graded, you can predict fairly accurately what number of coins will get what grade. With a low pop, you can't. That 13.5% could easily turn into 50%, if a lot more coins get graded.

Theres really nothing about their stock price that indicates that at all. They have a very solid P/E Ratio and have even held their pre 08 price which is a lot more that can be said for a large percentage of stocks. The only real price drop was after a split which is what happens.

They may be losing a bit of the market to people chasing an easier 70 but they arent in danger of going out of business anytime soon.

May or may not be sustainable. Their profits margins are high on everything they do and they dont have the traditional high overhead expenses most companies do. Cutting the dividend doesn't always mean a long term price cut, some people will bail but others may come in seeing an oversold stock. Cutting the dividend may actually be preferred if that gets taxed like normal income in the coming year anyway, itll raise profit margins and should give the stock price a boost.

Their lastest financials arent that far enough off to say theyve taken an obvious hit and it wasnt more related to the economy. They still have a 100+ million market cap and have quite a ways to fall. Their stock price is still higher then it was a year ago and I cant find a price estimate from anywhere Id trust after looking.

Things can chance but so far theyve been surviving the current economy pretty well