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 Replies: 10 / Views: 1,173 |
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Pillar of the Community
United States
3479 Posts |
Over the last two months I've noticed a considerable decline in the amount of NGC holders at auctions.
When I first got back into the game in November, it seemed like NGC dominated the newly slabbed coin space on Heritage for most of the series I follow. Now most are graded by PCGS.
Has anyone else noticed this change?
*** Moved by Staff to a more appropriate forum. ***
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Pillar of the Community
United States
5825 Posts |
No matter what opinions are about PCGC vs. NGC grading, rightly or wrongly PCGS slabbed coins are perceived as bringing in higher prices at sales and auctions. And that's probably true. So the auction houses will use PCGS. Higher prices realized result in higher profits for them. And as the biggies go so do the collectors tend to. The only confirmed edge that I see NGC having is no membership fee for ANA members. |
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Pillar of the Community
United States
8137 Posts |
It could also be that many NGC coins are getting crossed to PCGS. This could be because NCG no longer allows PCGS coins in their registry sets. I know a lot of collectors switched their registry sets over to PCGS when that news came out.
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Bedrock of the Community
United States
20753 Posts |
IF you go to coin shows you would see just as many NGC and many others.
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Pillar of the Community
United States
4469 Posts |
I switched over my 7070 NGC registry set to PCGS. I crossed 9 very nice coins to PCGS. I had read on the NGC chat boards that some NGC registry owners are having a difficult time finding the high end coins in NGC holders. I have noticed that PCGS dominates the high end and key date US coins in holders. |
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Moderator
 United States
188213 Posts |
Quote:
IF you go to coin shows you would see just as many NGC and many others. I agree. I still see a good mix between these two. The others (ANACS, ICG, etc.) are the ones I see much less often. |
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Bedrock of the Community
United States
12057 Posts |
NGC alienated many of its most advanced (and most profitable) collectors when they nuked Registry sets, thereby removing from the table one of the last remaining advantages they had over PCGS in that area. They didn't help matters any with their unwarranted polemic against PCGS for allegedly overgrading most every coin in a PCGS holder. One area where NGC HASN'T gone backwards, but is actually making good gains, is in ancients/medievals/world coinage, for which they have a good shot at cornering the US TPG market since PCGS is still leagues behind in cataloging, pricing, grading and attributing such coins. NGC is in serious need of an executive management shake-up for the classic and modern US coin side of their business. A good start would be to show that they're serious about fighting gradeflation and overgrading issues affecting TPG's by ending the preferential treatment and "grade bumps" for top sellers, dealers and auction houses. Until they can manage that, I don't take them seriously when they claim they want to hold themselves to a higher standard. 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
7390 Posts |
Simple. NGC is shooting itself in the foot with bad decisions and outright attacking PCGS while PCGS is expanding its services and making it more easy to cross their NGC to PCGS. NGC is in serious trouble imo. They're like the Democratic party while ANACS is the libertarian party. And just like my prediction that the libertarians will soon become the "second party" ANACS will soon become the second TPG. |
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Pillar of the Community
United States
1963 Posts |
I think NGC simply shot itself in the leg with banning PCGS coins from their registry sets. Now, I refuse to buy any NGC graded coin, as I can't use it in my registry sets.
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Bedrock of the Community
United States
12057 Posts |
ANACS has a way to go before they approach NGC or PCGS in terms of prestige, a situation not much improved by many rumors over the last couple of years that ANACS as a whole is adrift in unstable financial waters. They would need to invest heavily in cataloging, online inventory, Registry sets, etc. before their coins could command the 30-40% of NGC and PCGS. They also lack the lucrative grading services within the company for paper currency and sports cards, two hobbies with loyal and deep-pocketed collectors. Deals with auction houses to certify and grade noteworthy collections would also be beneficial once they build prestige. As it is, their main web site has front-page articles dated 2012... One area in which ANACS is recognizably superior is in their variety and error attribution, from nit-picky modern State Quarter die varieties all the way to Morgan and Peace VAM's (of which they recognize and attribute vastly more varieties than PCGS or NGC.) They also have lower pricing than PCGS and NGC, and unlike PCGS and NGC, have not seen the need to increase their grading fees out of nowhere for no apparent reason. Personally, I prefer my world coins, ancients, and medieval coinage in NGC holders; but for US coinage, it's PCGS all the way for anything I submit these days, since NGC coins are of no use in my PCGS Registry sets (I recently sold an NGC MS 67 graded coin and replaced it with a PCGS MS 66, for precisely this reason.) 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
7390 Posts |
Agreed but I'm sure you understand the point and analogy I was making.
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Replies: 10 / Views: 1,173 |
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Posted 03/23/2017 03:47 am
