I have always stated that PCGS is inconsistent and more about the money than actually being the standard. What I didn't know was how bad it had become since the last time I checked into this. My first clue was when Coin World had a piece on the 1997 Lincoln Cent in MS67 that sold for a thousand less than it used to be worth. Reason? Because PCGS graded more since the last time I checked and this date isn't the only example. I assume it could be resubmits of the same grade trying to get a higher grade, but who knows.
https://www.ngccoin.com/news/article/57 ... kifQ%3D%3D
Look at what PCGS is doing to certain coin values
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Here's a link to how to post a topic with images in our community https://coinauctionshelp.com/welcome-to ... community/
___________________________________________________________________________________________________________
You also agree to follow these guidelines. You must agree to these rules to be a member of this forum. NO SPAM! Spam is deleted within minutes, no spam will ever be left in our community.
1. Post a front and back image of your coin with a specific question about what you’re seeing or asking about and one coin per topic.
2. Please remove coin from the holder unless it’s US or an official mint case or unless it is graded by a grading service.
3. Images should be taken by a camera or cell phone camera, we ask that members don’t use images through a microscope screen.
4. Always start your own topic, please don’t ask about your coin or post your coin in someone else’s coin topic.
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Re: Look at what PCGS is doing to certain coin values
WOW! At first I thought maybe this article was a "sour grapes" sort of thing since the author was a finalizer for grading at NGC (which he did disclose). But looking at his graphs in this article makes it seem like something happened 2014-2015 to affect the grading of the coins referenced. But it is troubling to think that certain customers may have been given preferential treatment in relation to coin grades! It will be interesting to see how PCGS responds to this article!
Re: Look at what PCGS is doing to certain coin values
There has to be truth in what they say. Those coins could not all be resubmitted. Who would resubmit a coin already tied for finest. The only answer is preferential grading for volume customers. This stinks!!
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Re: Look at what PCGS is doing to certain coin values
is everyone starting to understand "MARKETING"
my philosophy for "coin encapsulation":
1. AUTHENTICITY
2. PRESERVATION
3. 'PROOF' DESIGNATION
4. 'VARIETY' ATTRIBUTION (if they recognize that one)
my philosophy for "coin encapsulation":
1. AUTHENTICITY
2. PRESERVATION
3. 'PROOF' DESIGNATION
4. 'VARIETY' ATTRIBUTION (if they recognize that one)
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Re: Look at what PCGS is doing to certain coin values
I know some are resubmissions but that doesn't account for all of this, or does it? I know first hand that certain dealers submit coins over and over again and spend thousands of dollars a month at PCGS. I think population reports are bogus and help create the "value" coins. The two top grading services are publicly traded and must please investors with higher profits, and have their own network of dealers and their own values on coins. I think some of that could be considered a conflict of interest.
These companies pretty much created the market that they own and you can make some good money submitting coins to them, but you can loose a lot of money as well.
These companies pretty much created the market that they own and you can make some good money submitting coins to them, but you can loose a lot of money as well.
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