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 Replies: 17 / Views: 2,230 |
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Valued Member
United States
455 Posts |
Hello, I am curious if there is any concern about who is rating a coin? I know there are primarily 3 big companies but does it really matter which one? I am looking at a set on ebay and it seems the ones rated by ANACS or PGCS tend to have a higher price. I am looking at one certified by NGC...are they reputable and should there be any concerns? Thanks in advance for any comments you may have. Dave |
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Bedrock of the Community
13014 Posts |
PCGS has the highest premiums, then NGC, then ANACS.
Edited by basebal21
01/04/2013 2:03 pm
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Valued Member
 United States
455 Posts |
Hmmm, for some reason, I thoughts ANACS was #1...not sure why. Maybe because I see it on the TV coin shows a lot.
Thanks for the help.
Dave
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Moderator
 United States
56855 Posts |
Most collectors rate the TPG's as follows: PCGS-NGC-ANACS. And by the way...  to CCF fellow Michigander. Where abouts are you in MI? John1  |
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Pillar of the Community
United States
2543 Posts |
Quote:
Hmmm, for some reason, I thoughts ANACS was #1...not sure why. Maybe because I see it on the TV coin shows a lot. ANACS has a contract with HSN to grade their coins for sale on Home Shopping Network and I would image other shows. While I would never say that this contract may skew their grading slightly, but............ If you have a contract to grade tens of thousands of coins a year, and they give you a monster box and say we need 250 MS 70 coins for our next show, it would seem to me that you would do everything you could to make sure 250 coins from that box graded MS 70 . I wouldn't necessarily pick a grading service based on which one the coin shows use. |
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Valued Member
United States
455 Posts |
Yeah, it was HSN I was referring to. The guy on there seems pretty knowledgeable (I think his name is Mike) but their prices seems kind of high. When I do some searching during the broadcast, I can usually find it cheaper online. Oh well, can't say we all wouldn't like to have a venue like HSN to sell our products through at a premium price :-)
Edited by Kurrykid
01/04/2013 3:54 pm
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Bedrock of the Community
13014 Posts |
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The guy on there seems pretty knowledgeable (I think his name is Mike) but their prices seems kind of high That guy does know what hes talking about but their prices are real high. The show doesn't pay for itself which leads to higher premiums. Hes a good salesmen too, certainly overstates rarity of things but if you saw him off the show I would bet you could have some real good coins talks with him. One of the main reasons PCGS has the higher premiums is their perfect coins are harder to come by. Almost everything new or old the 70 grade and top populations have a lower number than the other services. You could argue PCGS undergrades 70s or that the others over grade them. I agree with Denco though, with a contract like that I dont see anyway that ANACS grading doesn't get influenced by a huge deal with HSN. That doesn't mean that they cant grade but for HSN coins at the very least anything borderline is definitely getting the benefit of the doubt for the higher grade. |
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Bedrock of the Community
United States
20753 Posts |
Primarily it's all in popularity. Somewhere, someone said of course it cost more it's in a PCGS slab. As more and more people said that, it slowly becomes true and coins in a PCGS slab become more costly. Sort of like many products on the market where people say the name so much it becomes as if that is the only name. Klenex is an example. And now with PCGS advertising they have slabbed 25,299,630 coins, sort of makes them really popular. And if you go to the PCGS web site you would see their forums usually have well over 30,000 members. So although it may or may not be true that PCGS is the best TPGS, they really are the most popular.
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Pillar of the Community
United States
1261 Posts |
I buy the coin not the holder. Then again, I am buying circulated type coins, not modern MS-69 and 70 stuff.
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Bedrock of the Community
13014 Posts |
Quote:
Primarily it's all in popularity. Somewhere, someone said of course it cost more it's in a PCGS slab. As more and more people said that, it slowly becomes true and coins in a PCGS slab become more costly. Thats part of it, but they tend to be tighter with the top pop grading driving the premiums there. Its not to say NGC and ANACS dont have coins that are just as good, but if your tighter with the top grade it does make it harder to come by |
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Pillar of the Community
United States
3755 Posts |
just carl and I are on the exact same page. I will never use PCGS and NGC again. ANACS or ICG only. I believe PCGS and NGC to be over hyped, over priced and elitist at best. Quote:
If you have a contract to grade tens of thousands of coins a year, and they give you a monster box and say we need 250 MS 70 coins for our next show, it would seem to me that you would do everything you could to make sure 250 coins from that box graded MS 70 . I wouldn't necessarily pick a grading service based on which one the coin shows use. You ARE aware that both PCGS and NGC have deals with The Coin Vault right? And Modern Coin Mart as well. Plus how many other big boy dealers I don't know. So the exact same scenario would apply to them as well. Again, they are no different and deserve no higher a ranking other than by hype. Quote:
but they tend to be tighter with the top pop grading I would LOVE for someone to post the population for MS70 2010 ASEs from NGC and PCGS and I will grab them from ANNACS and lets see how much of a difference there is. Though not sure if they list how many total coins were graded so you can see a percentage. Regardless, I am willing to bet there is not THAT huge a difference between them. Edited by smokeriderdon
01/09/2013 12:29 pm
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Bedrock of the Community
13014 Posts |
I cant explain what happened with the 2010 ASEs. That 70 population is more than all the other ASEs combined. The year before over 280k coins came in and about 40k got a 70. For the 2012 special set PCGS had about a 35% 70 rate to the about 50% of NGC. There commemorative coins including recent ones in the MS where PCGS has 0 as a 70, the 2011 army half dollar is the last example but NGC has 70s for those and they arent that hard to find. I believe its the same story for the washington half. While theres exceptions for every rule PCGS does generally have lower populations of 70s overall and at the very least is harder to find them and put a set together.
I have no clue what ANACS percentages currently are but I'm guessing for the 2012 ASEs it was higher than 35%
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Bedrock of the Community
United States
20753 Posts |
Organizations like PCGS and NGC love to brag about how many coins they've slabbed. They also like to brag about how many members belong to their web sites. As I mentioned before all that is from their popularity. I wonder how many complaints they have. I wonder how many coins have been returned to them due to one reason or another. What everyone forgets is that those TPGS's are just a bunch of people. All kinds of people. And some may or may not know what they are doing. No one has a list of all their employees nor their cridentials. They are just addresses people send coins to. Could possibly be a group of people grabbed from a RR car.   |
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Bedrock of the Community
13014 Posts |
Talk about a great RR car to have been in lol
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Pillar of the Community
United States
3755 Posts |
Out of 619 coins graded, ANACS has certified 17 2010 ASE in MS70. Thats it folks. They have only had 10 Army commems submitted and one has received a 70. So they actually do a lower volume than I originally thought they did. Which actually supports my point even more. They do as good if not a better job at this than the top two. And surfing the report in general, the top end for any coins they have done is low as well. |
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Bedrock of the Community
13014 Posts |
If anything to me that proves theyre really moving out of the market place if theyre only getting 600 ASEs. The submission numbers were really so low I dont see how they can even be compared
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Replies: 17 / Views: 2,230 |
Posted 01/04/2013 2:07 pm
