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Valued Member

United States
146 Posts
 Posted 08/17/2005  9:39 pm Show Profile   Bookmark this topic Add robocp to your friends list Get a Link to this Message Number of Subscribers

Grading Service Truths

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First, when he discusses PCGS, he fails to mention that they have violated numerous code of The Federal Trade Comission (FTC) regarding the paid endorsements they receive from PNG because PCGS simply just happened to be the highest bidder for this "endorsement".

Second, NGC is quilty of the same crime insofar as they have paid of the ANA (American Numismatic Association) for a like endorsement.

The problem is that neither PCGS, NGC, PNG or ANA disclose this material fact to the public, thereby misleading the public and giving the customer some sort of false security.

Third, mr. "goldborough" fails to mention that David Hall runs PCGS or also runs David Halls North American Trading, David Hall Rare Coins and others.

Fourth, [removed] fails to tell the World that SEGS grading service owners is Larry Briggs, who also owns Larry Briggs rare coins.

Fifth, TCGS grading service is not owned by coin dealer in Florida who grades his own coins. It is an independant Corp, business, location and group of persons,

Sixth, NGC's founder is John Albanese. And there is also John Albanese Numismatics and David Albanese Rare Coins. A connection there?
Of course!

Seventh, Digital Coin Grading Service (DCGS) is owned by Janette Seligman who also owns GoldTown, Inc a coin dealer.

Eight, Numistrust Corp (NTC) is owned by Kevin McNerney who also owns Island Rarities, Inc a coin dealer

Nineth, Global Cert. Services (GCS) is owned by Jeff Garrett who owns and grades coins. He also owns Mid American Rare Coin Galleries, a coin dealer.

In Summary, people like "mr. goldsborough" are apparently affilated by one of the grading services that he "endorses" because he obviously owns coins grading by those services or sells coins grading by those grading services.

The Grading Policing Authority
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longnine009's Avatar
United States
1247 Posts
 Posted 08/17/2005  10:46 pm  Show Profile   Bookmark this reply Add longnine009 to your friends list Get a Link to this Reply
So, I'm not paranoid about TPG?
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 08/17/2005  11:04 pm  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
Not that I'm biased, but I find it interesting that ANACS is not mentioned above...still the best service out there in my not so humble opinion.
Valued Member
United States
146 Posts
 Posted 08/18/2005  12:50 am  Show Profile   Bookmark this reply Add robocp to your friends list Get a Link to this Reply
I agree ANACS is a good company. But it was purchased after it was a thriving company from the ANA. I would imagine the coin dealer came before the grading company,due to the need to start somewhere. Nobody send's coin's to unknown company's for grading. Because there is no reputation established yet, Thus how do you get known in the industry without the industry ever seeing your ability to grade. So the more I think about it, The more it make's sense.
Pillar of the Community
United States
2724 Posts
 Posted 08/18/2005  08:05 am  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
There really is no way to seperate the coins from the dealers. Even though a few today are not owned directly by dealers, they still suffer from the same fate. If the dealers are not happy, the grading company suffers.
Let me add this thought. Anacs is not owned by a dealer, could that be the reason for the discounted values of their coins?
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 08/18/2005  11:32 am  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
In some market places, the "discounted" prices for ANACS are becoming a thing of the past. I would not be surprised to find that this a direct result of the "Presidential Review" program at PCGS and the replicas that NGC is slabbing.

It seems to me that, as the "top 2" are slipping, ANACS is moving up in the ranks relatively quickly.
Valued Member
United States
146 Posts
 Posted 08/18/2005  9:20 pm  Show Profile   Bookmark this reply Add robocp to your friends list Get a Link to this Reply
Very true, ANACS is moving up
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