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 Replies: 31 / Views: 3,295 |
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Pillar of the Community
United States
4469 Posts |
PCGS has a special for crossing coins. If the coin does not cross, there is no grading fee. The grading fee for this coin would be $60 if the coin crosses plus 1% of value. I will put the value of the coin at 5K. The shipping and handling fee will cost about $70. The Morgan 1893 S is graded VF30 by NGC. Would you rather have the coin in a PCGS or NGC holder?   |
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Pillar of the Community
United States
1963 Posts |
I would rather have it in a PCGS holder. I say cross it over.
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Pillar of the Community
United States
3479 Posts |
Wow! That's a great example, but unless you plan to sell it soon, why bother? Also I'm gaining a lot of respect for NGC. Hands down, I have seen more overgraded coins in PCGS slabs than in NGC holders.
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Pillar of the Community
United States
3184 Posts |
Leave it in the NGC holder
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Bedrock of the Community
United States
12057 Posts |
NGC is currently being run by self-righteous fools. I'd cross it to PCGS on principle alone, not to mention the price premium.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
3479 Posts |
Quote:
NGC is currently being run by self-righteous fools. I'd cross it to PCGS on principle alone, not to mention the price premium. Adam: I don't want to pry too much but what makes you say that? If there's something I don't know then please share and keep me in the loop. Or private message me. |
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Bedrock of the Community
United States
12057 Posts |
Basically, NGC has launched a coordinated campaign as of late to disparage PCGS in any way possible. First, they decided they would no longer honor PCGS coins in the NGC Registry. Then, they sent out a rather inflammatory editorial/advertorial which consisted of NGC talking about how PCGS is the main source of gradeflation and inflated population of certified coins, claiming that PCGS was heavily overgrading coins on a widespread basis and causing a severe depression in high-grade market prices as a result. It read like propaganda mixed with an advertisement, and was hypocritical on its face since NGC is just as guilty as every other TPG of overgrading, mis-attributing, mislabeling, and gradeflation on the coins they put into their holders. Even though I've used NGC for some time, I can't be on board with that level of hypocrisy. I've seen just as many overgraded coins in NGC holders as PCGS. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Valued Member
United States
294 Posts |
Definitely cross it over to PCGS, then send it on to CAC.
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Pillar of the Community
United States
4211 Posts |
I 100% prefer PCGS for classic coins.
If it were mine I would certainly cross it over.
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Pillar of the Community
United States
5825 Posts |
Based on recent experience my response to a crossover is a resounding "NO".
PCGS and NGC are in a war with each other at this time.
Neither will crossover the other's coins at the same grade.
And that also includes the possibility of an upgrade.
IF you want it in a PCGS holder at the same (or better) grade crack it out and THEN submit it.
Edited by kanga
02/02/2017 08:27 am
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Pillar of the Community
United States
3210 Posts |
I have to agree with Adam NGC is doing everything in its power to disparage PCGS. My own results with NGC the last two times have been very questionable. I had a beautiful 1873 $1 gold solid 62/63 came back unc details bent (there was absolutely nothing wrong with it). Also had a 1899 P Morgan previously in a 64 PCGS, my dealer thought it would have a shot at 65 with NGC, NGC graded it a 63; when I showed it to him and his father both dealers combined over 60 years they were both shocked and disgusted. Til NGC gets its act together and stops being petty and all knowing I'll be sending my coins to PCGS as my friend has an account with them. NGC did go a little to far with the article blaming PCGS for gradeflation when both companies are equally responsible. Just my opinion based on recent experiences, I normally have nothing but praise for NGC but lately it makes me scratch my head how quickly a company can go from being relatively respected to vilified in a matter of a few months.
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Rest in Peace
United States
17900 Posts |
Pick a US coin, any US coin that trades fairly often. Pick a grade, also one that isn't super rare or super easy. Go to Heritage. Look at the sold sales with "most recent" being the listing order criteria. Write down the prices for each NGC sold vs. each PCGS sold. List the highest for each TPG, the lowest for each TPG, and the average for each TPG. Those of you who think PCGS is going to be higher are going to be wrong far more times than right. |
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Rest in Peace
United States
10625 Posts |
I don't fuss much over the label and plastic case. It's much more about the coin for me.
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Pillar of the Community
United States
7375 Posts |
In my opinion, if you think the grade is fair, leave it. Most collectors at that level will examine the coin closely, and not pay too much attention to the holder. It looks very fairly graded to me.
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Pillar of the Community
United States
7390 Posts |
PCGS without a doubt! #WorthIt!
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Pillar of the Community
United States
1499 Posts |
I would not worry about changing the holder unless you are planning on selling it soon. Things change over time.
I am also not happy with NGC right now. They dumped on a lot of us who have supported them in the past by refusing to accept PCGS coins in their registry starting on January 1. Then they doubled down on that with this ill-advised offensive against PCGS.
NGC needs to tighten up their standards and get some of their obvious mistakes off the market before they start talking about over grading by the competition. PCGS has bought up a fair number of their problem coins to preserve their reputation. I have not seen NGC do that.
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Replies: 31 / Views: 3,295 |
Posted 02/02/2017 01:08 am
