Population Reports From Grading Services

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

Author	Replies: 5 / Views: 1,137
PBCoins Valued Member United States 102 Posts	Posted 07/09/2007 10:17 am Good day to everyone. Over the past several years I have cracked open a number of NGC holders and sent the raw coins to PCGS for crossing. I have only cracked a few out NGC or PCGS and sent them back in to try and have them upgraded. A couple I resent in twice (unfortunately to no avail). At the beginning of the year I was looking for a particular PCGS Walking Liberty in a high grade with a population at that time of 12. After a decent amount of searching on the web I was able to find only 5 that had recently sold or they were on a dealer's website. I know a few are in collector's hands; however, my question is what percentage of the top three grading services populations do you believe no longer exist due to cross overs, upgrading, etc. ? Secondly, any ideas how the services can verify their populations without everyone sending them back in for grading? Edited by PBCoins 07/10/2007 8:00 pm Report this Post to the Staff

PBCoins Valued Member United States 102 Posts	Posted 07/09/2007 10:19 am Just my thoughts: PCGS: 7% NGC: 14% ANACS:20% Grading services could set up a website asking us to submit a current inventory with the coin number. DOn't know how accurate , but at least I am sure it will be closer that what they have now. Edited by PBCoins 07/09/2007 11:29 am Report this Post to the Staff
ducky1100 Valued Member United States 173 Posts	Posted 07/09/2007 10:55 am I have to agree with you that PCGS probably is the closest to being correct. I know of many, many ( maybe, just maybe, myself included) people that have CRACKED OUT a few NGC, ANACS, IGC, SGS, etc. and sent them to PCGS hoping for that higher grade. I also know a few collectors (?) that have CRACKED OUT PCGS and resubmitted to PCGS, hoping for the elusive upgrade and therefore "MO MONEY". Percentages escape me. Report this Post to the Staff
Benji Valued Member United States 459 Posts	Posted 07/09/2007 11:17 am PB, I would agree with your estimates as far as slabbed coins go. I would rely heavily on a club census performed by JRCS, BHNC, LCSC, EAC, Fly-In, and other specialty clubs when defining a coin's overall rarity, condition, and population accurately. IMO, the PCGS/NGC pop reports are only accurate the moment they are published then they are obsolete. You also have a majority of "rare" pieces that remain unslabbed b/c the collectors do not foresee selling in the near future and will slab only when it is time to sell so coins will get the "market grade" and realize max $$. Most coins on the current market are the same ones that are cycled in and out of new holders. Coins true to their assigned grade are hard to come by and usually privately held as stated in your case with the Walking Liberty. Report this Post to the Staff
Benji Valued Member United States 459 Posts	Posted 07/09/2007 11:23 am "Secondly, any ideas how the services can verify their populations without everyone sending them back in for grading?" At one time, PCGS gave incentives (I don't recall exactly what they were/are) for those who returned the tags from cracked slabs in order to adjust their pop report. Recently, a CA dealer returned over 100,000 tags and donated his incentive to the ANA. Here is an interesting article by Winters regarding this subject. WORD DOC. http://www.raregoldcoins.com/downlo...0020201a.doc Edited by Benji 07/09/2007 11:26 am Report this Post to the Staff
PBCoins Valued Member United States 102 Posts	Posted 07/09/2007 11:27 am quote: Recently, a CA dealer returned over 100,000 tags and donated his incentive to the ANA. Benji: I appreciate this note. I guess it just confirms what I thought to be true. Thanks, Al Report this Post to the Staff
	Replies: 5 / Views: 1,137

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

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

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

It took 0.22 seconds to rattle this change.