Quote:
Until basebal shows up and starts defending PCGS.
Without question
, Ill defend NGC here too and will every time since the market speaks for itself. 10s of millions of coins and billions of dollars speaks far more to it than any single coin ever will.
The old small white ANACS slabs did a good job overall, this isn't that ANACS and the yellow labels dont come close to that quality of work.
Quote:
Why should I have to pay a yearly fee and then a bloated fee for each coin for service that is no more accurate than ANACS? Or have to go to a member of NGC and have them submit and pay bloated fees? Bunk.
Because both are far more accurate than ANACS and both actually cost nothing to join.
If you get the 199 PCGS membership you get 8 vouchers for 32 dollar coins each that can also be used for the 45 dollar secure plus service. We all know 8 times 32 or 8 times 45 is a lot more than 199. So not only do you save money on grading but the membership is free. NGC the savings is less but the membership is still free. So in reality its a myth that you have to pay either company anything for submission privileges. I would join before every submission if I could, it saves money.
As far as accuracy, thats like comparing a minor league team to a major league one. Any given single event the minor league one could do better, over the long haul though the better one wins out. The gap that has emerged between PCGS/NGC and ANACS isn't a result of PR (none of them heavily engage in that anyway like you see with consumer products) its because of the work they do. You can do all the PR in the world and if your work doesn't back that up it doesn't matter. Their work backs its up.
If ANACS was just as good they would be getting tons of business with lower fees. You dont really save anything using ANACS anyway, you save a couple bucks up front and lose several times that on the back end selling. All you have to do is look at
ebay and see their coins in every series with the 1 possible exception of Morgan VAMs go for lower prices across the board. Theres a saying for that penny smart dollar stupid. Any savings in grading is more than lost when it comes time to sell.
ANACS slabs are also cheap plastic with minimal security features by comparison which automatically costs them the high end market right off the bat. No one in their right mind is putting a 5 or 6 figure coin in that plastic. Even HSN the biggest ANACS pusher there is sends their 5 and 6 figure coins to PCGS/NGC every time. Its not because of PR either.
Its just what the market is and what the market says. The gap between PCGS/NGC and ANACS has been growing not shrinking and thats not likely to change to at this point. Getting into my own personal opinion ANACS destroyed one of my MS
Barber quarters treating it stripping color off without my permission as well as marking it up turning an MS coin into an AU one. If the market viewed them as better I would still say it for those reading the thread. However the market doesn't and in the end the market is king. Markets provide facts and solid supportable evidence that overrides personal opinions including my own any day of the week
Quote:
I have never once had a coin come back from ANACS that I or anyone else here was able to say they graded that horribly wrong.
In this very thread you questioned their grading on a coin you posted. Thats their MO now, they slap cleaned and a large percentage of the coins they grade for whatever reason. If they back their grades with buy backs like PCGS and NGC do it could be to lower their liability, if they dont back them their service isn't worth the cost of the plastic its in.
As far as grading from thread pictures vs TPGs it should always be taken with a grain of salt. Pictures make marks and spots appear that arent visible and youre looking at a coin the size of a soup bowl or dinner plate as opposed to its real size. TPGs dont grade at the 100+ magnification that results from that. High end MS coins are impossible to nitpick from pictures. One group saw the coin in hand the other is seeing over sized pictures. Unless I've seen it in hand Ill defer to those that have. I wont buy it if I dont like the picture but it doesn't mean its graded wrong.
Part of it too is just people using a different grading scale than the TPGS. Some people overemphasize strike quality which is a minimal factor for them, others grade strictly technically and dont take into account eye appeal ect. Part of grading is subjective so there will always be disagreements and person to person variation, but what you want is consistency which is what PCGS and NGC built their reputations on along with being trusted with high end coins. When you watch their grading videos though and hear it directly from them what theyre looking for and how theyre grading things their grades are a lot less surprising and make more sense. It doesn't mean either is perfect which is why they back their grading with buybacks. Nothing in life is perfect though and expecting any company to achieve perfection is just looking for reasons to dismiss them.
There is also of course the possibility that none of us ever consider, that theyre right and we got it wrong. But it really is impossible on most coins to nit pick from over sized pictures compared to seeing it in hand at its normal size especially on ms coins. Giving an opinion on it is one thing to say without a doubt its wrong from an oversized picture is another. Heritage has actually started adding some videos on some auctions showing the coins being rotated in light, something like that can provide more accurate distance grading since you get to see it in various ways, but even that is still a step down from seeing it in hand where you see many more of those types of coins than we could ever hope for under the same lighting everytime
Posted 04/10/2014 11:00 pm
