Well I don't want any fights thanks but interested in what peoples thoughts are on this that I found on ebay about grading companies, cheers :)
http://www.ebay.com/gds/PCGS-vs-NGC-vs-ANACS-vs-IGC-/10000000005898456/g.html
Quote from: 'ausjack' pid='43275' dateline='1394164746'Well I don't want any fights
Awwww.. you're no fun at all. :diablo:
I found these comments interesting:
Savino Sanchezpcgs , they are making coins more then they are worth by under grading them....it,s there own politics to make there business to do better, ruining the fun of coin collecting for they rest of us....
November 2, 2013 at 1:57pmJim Boncimino ยท Ashburn, GeorgiaAnd how does PCGS grading "ruin the fun of collecting"? Price is not the main criteria for collecting. Coins with minor defects are a natural occurence.The fun of collecting is seeing the beauty of the designer in the coin. To me...that's the value.
December 27, 2013 at 8:58amSaid it before, I'll say it again... slabbing has nothing to do with collecting. Its all about money, and as we see in the company profiles, there are vested commercial interests at play which are detrimental to our own interests. The biggest problem I think is that eventually it will become a de-facto coin tax, where it will be mandatory to reach in your pocket for every coin if you ever want any chance of selling anything.
Sorry, but the whole deal stinks, though by the looks of this article, some are less stinky than others.
With the amount of Fakes and dealer over graded coins out there The slabbed coins are becoming the ONLY way to get a guaranteed genuine coin at a realistic grade.
Lets face facts, a great deal of dealers are unable/unwilling to state that a coin has been cleaned or damaged and most of the time they are over graded when they sell them.
Slabbing IS about value adding because what is for sale in a slab IS genuine and IS of the real grade for that coin.
There ARE real risks in getting coins graded because if YOU get it wrong then you are out the slabbing and postage costs so none of this is done lightly :ok:
I agree that PCGS makes it easier to buy or sell a coin sight unseen instead of relying on
dodgy ebay photos.You may have to pay a bit more for the privilege but a least you shouldn't
have to ask for your money back when it arrives because it will be as described
I just thought it interesting how they reckon PCGS down grade to make them selves look better but if they keep the same standard would this really come in to it??
Quote from: 'ausjack' pid='43296' dateline='1394180435'if they keep the same standard would this really come in to it??
Point is, the standards aren't consistent when the same coin sent to four graders comes back with different grades.
In my mind, a grade should be consistent no matter who is doing the grading. Otherwise its no different to the dealer grading it. Sure he has a vested interest, as a higher grade make him more money... but the TPG's also have a vested interest, and that's the point.
Sorry, but if I want investments, I'll buy shares. Coins I buy to collect, and the grade really doesn't come into it as much as some people think.
yeah I see but was just thinking about sheldon and that as well but yeah it's all a bit funny if ya ask me but I'm trying to learn and get a grasp on things just so I know for when I win lotto and become super rich..come on I can dream :laugh2:
Quote from: 'ausjack' pid='43301' dateline='1394182184'yeah I see but was just thinking about sheldon and that as well but yeah it's all a bit funny if ya ask me but I'm trying to learn and get a grasp on things just so I know for when I win lotto and become super rich..come on I can dream :laugh2:
The sheldon system isn't bad, really, though I think it could have been better designed, using a full 100-point spread and more range down low. Still, it is what it is, and less confusing than the more traditional grades.
The problem comes from enshrining what is really still a subjective opinion as some sort of guaranteed iron-clad standard. It just ain't so. Putting aside any deliberate tampering, as has been alluded to to keep population reports sparse, there is the issue that humans are not ever going to be consistent. Not only PCGS vs NGC vs anybody else, but two guys both working side by side at the same bench. Or even the same guy grading the same coin on two different days.
Its all subjective. And as such, is simply a coin tax for no real benefit other than to try and milk buyers for extra cash.
I think people start taking things too seriously and losing sight of why they started collecting in the first place.
I like the idea of being able to ask a more experienced person to grade my coin and advise me on the process -forum members have helped me that way. And other forum members surely have the knowledge and interest to continue doing that.
But, I am not so sure about the idea of then having the coin sealed in a plastic holder for the principal purpose of being able to sell it for more (that is not the same as demonstrating it is of a particular quality).
THE GOLDEN RULE; acquire a coin because you admire it. (that's a full stop just preceding)
Investment/trading/profit making is not collecting. No objection to that but keep that separate from collecting for the pleasure of it.
Sincerely,
Jeff
PS. I sell coins and make a small profit most times. But, guess where the proceeds go? {more coins; or sometimes things I want more than more coins -sacrilege!}.
Of course, if I put a nominal value on my time I am way out backwards.
And (see golden rule) every coin I pull from circulation has first refusal on my collection (if it will improve the collection).
Quote from: 'JeffH' pid='43305' dateline='1394183665'(that is not the same as demonstrating it is of a particular quality)
Hear, hear!
I have no objection to grading, especially consistent grading, with a view to accurately describing a coin.
Nor do I have any objection to protective packaging, though I do feel slabs are somewhat overdone.
My objections are all based on what this whole TPG thing is doing to the hobby. I honestly think its a bad thing, and will only get worse as it becomes mandatory.