NGC VS PCGS

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DYEDYE1
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NGC VS PCGS

#1 Unread post by DYEDYE1 »

So I’d like to have some coins graded! Who’s better? Who’s more respected in the industry? Who’s got the biggest bang for the buck? I’m completely new to this so I literally know nothing. Any help or thoughts would be awesome.

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Re: NGC VS PCGS

#2 Unread post by MLC »

They are both pretty much identical except NGC Is $12 a year or more vs PCGS Is $69 a year or more It is really what you prefer.
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Re: NGC VS PCGS

#3 Unread post by Daniel »

I would learn about coin grading and their value before learning about the grading companies and which would make you more money.

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Re: NGC VS PCGS

#4 Unread post by DYEDYE1 »

I appreciate it honestly I’m just trying to build my collection I may one day sell some stuff but I’m very interested in having some of my finds graded. I’m hoping that one day when I’m dead and gone many many years in the future lol! one of my family members will be on an episode of strange inheritance hahahaha.

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Re: NGC VS PCGS

#5 Unread post by Earle42 »

Thinking of Slabbing? Make sure you understand the following facts...or you will likely lose money.
1. The grading companies are not a way that the majority of people, even those with a great deal of experience and know what they are doing, are going to be able to make a of money from. A lot of people go into it thinking they will find a way to finance their hobby and learn a hard lesson quickly.

2. Watch some of Daniel's videos where he gets pieces back form the grading companies. Note even people who live, eat, breath, and deal coins for a living (like Daniel) can accurately predict what grade the companies will give. And...the "fault" (not really a fault) is in the system - not people like Daniel.

Coin grading companies are a business out to make a profit - this is why they exist. They use a system where (allegedly) three graders look at each coin and give an opinion. The company videos showing the process make you believe this is a relaxed paced process of studying each coin. In fact one PCGS video shows a number of guys sitting around a table discussing what they think a specific coin should be graded as (on youtube somewhere - sorry no link). Uh uh.

If you take a PCGS graded coin slabbed as MS64, break it out, and resubmit it to PCGS, you are never guaranteed the same grade again. The slabbed coin might come back MS62 (bad day for graders), 63, 64, 65, 66 (great day for you!). This is b/c the process is all subjective: No scientific/verifiable standards or methods are used. Personally having talked with former graders (granted - its been awhile), the process is very rushed since they told me graders are paid by how many coins they can get through in a day.

But..this is all hearsay without proof. So...
Grading Co. Realities

Grading Companies - Market Opportunity Exploited

Also link to and read (download if you want it) the pdf link in my signature. The verifiable data presented shows trusting people have spent thousands of dollars on many slabbed coins that are not what the companies claims/slabbed the coins to be.

You don't have to throw in the towel over these companies...but education about the reality of them will put you on the right pathway to dealing with them in a legit way without losing money in the process.

And…if you just like to collect slabbed coins for what they are, which makes losing/making money from slabs irrelevant, then of course enjoy them!
Fact Check the grading Companies:
Fact checking grading company shortcomings on NO FG halves:
https://tinyurl.com/yalrstjz or higher resolution version: https://tinyurl.com/y7rksxu8

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