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 Replies: 26 / Views: 6,869 |
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Valued Member
United States
82 Posts |
I keep learning more and more. Is someone willing to advise on the pros and cons for these services (PCGS, ANACS or NGC)? Thank you.
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Valued Member
United States
171 Posts |
They can be expensive to use is one con. A pro is that they guarantee the authenticity. Sometimes people will counterfeit the slabs though.
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Moderator
 United States
16679 Posts |
PCGS and NGC are used more regularly with seasoned numismatists for submission of higher end coins. They generally bring more return for your buck come time to sell. ANACS is the most cost effective of the three, and have grading that is fairly consistent. Just remember, grading is subjective, and some TPG's are more conservative than others. Stay away from all other supposed TPG's. ICG is also okay. swcoin.ecrater.com
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Valued Member
 United States
82 Posts |
Thank you, vermontenism and bluemule31. A question: when one speaks of submitting 'higher end coins', is that, say, a particular coin I may have in my hand that might be worth a lot or is it a category, as in a rare date or mint - that, in general, brings a higher price?
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Valued Member
Canada
88 Posts |
I have the same kinda question. Let's say I have some Morgans that are ms63-ms65. The difference in the sale price of those coins is HUGE. Is it worth to get them into a TPG now, or just hang onto them, as I wouldn't sell them in the near future anyway. |
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Valued Member
United States
82 Posts |
To me, logic would dictate doing them now - if feasible. Though you might be planning to hold on to them for years, one never knows what the needs of tomorrow might be. 'Sides, the grade wouldn't change over time - with proper care - would it?
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Pillar of the Community
 United States
2448 Posts |
As long as you store the coins properly, you can wait to have them graded when you're able to absorbe the cost of the service.
Just remember that service charges are likely to climb higher the longer you wait. Just my opinion.
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Pillar of the Community
United States
709 Posts |
Having your coin third party graded does three things for you. (1) it protects your coin (2) makes it easier to store (3) confirms your coin is genuine (not counterfeit).
Now the question becomes which to use? PCGS, NGC, ANACS and IGC are considered the top tier third party grading companies. PCGS and NGC offer registry sets, on line data storage. PCGS is considered (by the market at large) to be the best third party grading company. Dealers prefer PCGS and NGC.
While ANACS right now is considered very good, they haven't always been so.
Please be aware that all of these companies use their own grading standards.
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Valued Member
United States
82 Posts |
Thank you Ozland. About the 'higher end coins'? An individual coin or a group (date/mint/category) - in regards to a grading tier, in particular?
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Moderator
United States
23522 Posts |
Consider the term to be used in a more specific, coin-by-coin case relative to the individual coin's street value.
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Pillar of the Community
United States
4989 Posts |
A good metric is what a dealer will pay, sight unseen, for a slabbed coin relative to sight seen values.
The Grey Sheet tracks this. PCGS and NGC are tied at about 79%. ANACS lags behind at only 58%.
This conveys that dealer have a greater trust in the PCGS and NGC "brands"
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Valued Member
United States
82 Posts |
SuperDave .... Thank you. I kept hearing "high end coin" but was never quite sure in what context it was meant.
fenton .... Thank you. I just subscribed to NGC and your the information helped. I figure I will need to get all of them 'seen' and since they also do others, including ancients, it will help in many ways.
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Pillar of the Community
United States
817 Posts |
I have a limited experience with TPGs, and not at all satisfying. I joined what most people would call the top TPG. I submitted my 8 complimentary (according to the TPG) coins hopping for great things. About 3 weeks later my coins came back. Half of the coins were graded half were in genuine holders. The half that were graded were graded low enough not to be of significant value. The coins that would have value at any grade were all in the genuine holders. I am no expert (drip under pressure) but I have seen similar stories on this forum.  |
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Valued Member
United States
82 Posts |
Las_Vegas_Larry .... Thanks for the 'heads-up'. Forewarned is forearmed - at least there is a great community here that is willing to give good feedback and advice, as well as share knowledge. This is a great place to get a second opinion and sometimes first.
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Bedrock of the Community
United States
14454 Posts |
when I first started collecting Morgans I joined NGC and just knew I had some of the highest grade coins they had ever seen, well I was disappointed also when I got my package back. I was lucky that none of mine were cleaned or damaged but the highest one I had was a 1882-O/S that was graded AU-58PL. Since then I have learned allot and can now see the coins I submitted wasn't worth the postage really but it takes time to learn to grade and I just take it as a learning experience. We get new collectors on here all the time with the same attitude I had thinking their coins are as high as MS-67 when in fact they are maybe AU, some of these are in bottom tiered slabs that are graded real high and the person overpaid for the coin which is hard to tell them but that is what we are here for and hopefully it will not leave a bad taste in their mouth about the whole hobby and they will learn from their mistakes or come here in time to return the coins to get a refund. Sometimes its not the case and they have no desire to keep collecting after they are told their priceless gem they thought they had is just a common coin in common condition
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Valued Member
United States
82 Posts |
Hello Bryan,
I know very well of what you speak and thank you for your foresight. Fortunately, I'm not here as a coin collector. When I was a kid, I had a penny collection. The newest one in the old blue tri-fold book was 1958 (it's been a while). However, I do collect Japanese watercolors and prints - and potteries and porcelains, etc. - and I have had the very same experiences, both when I first started (of course, mine were the best) and later, when I began selling parts of my collection and extras that I acquired for resale (you can tell folks that there are better or older but you can't make them listen). Quite frankly, I'm here because I'm executrix for the folks estate and wish to learn what I can so I can be fair to the family and to whoever may end up buying the coins. I'll get the gold and quite probably a few others graded and certified out of fairness to all concerned. Not being a collector and not knowing a lot about modern grading and such is a challenge, but I'm a quick study and will give it a good run for the money. Again, thank you for the thought.
Edited by christopher walton
01/20/2011 11:22 pm
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Replies: 26 / Views: 6,869 |
Posted 01/20/2011 04:01 am
