PCGS why?

[Arky 1]

I here alot about PCGS for grading coins but at PCGS you have to be a member which cost between 50.00 & 100.00 plus then the cost of the grading, but at ANACS you don't have to be a member and it only cost you for grading. Miles Standish was the first full time grader for PCGS and before he left he was director of coin grading. he has been at ANACS sense 2005 plus ANACS is the oldest coin grading company in America check out there web site www.anacs.com

 

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[djui5]

PCGS is the best, and most respected grading service in the industry. Their coins fetch higher prices, and this is why I always recommend using them for grading services. You can use someone else, but the prices you get will vary. ANACS is a good company, but this post of yours sounds like an ad to me.

 

[snake35]

PCGS is the hardest grading service. When you buy pcgs coins they are easier to resell.

 

[Arky 1]

PCGS is the best, and most respected grading service in the industry. Their coins fetch higher prices, and this is why I always recommend using them for grading services. You can use someone else, but the prices you get will vary. ANACS is a good company, but this post of yours sounds like an ad to me.

no not an ad (you might want to read your reply thought) just wondering why PCGS is the only one people recommend when there is a company out there that you don't have to be a member to have your coins graded and are well respected

 

[RON (PA)]

What about NGC I heard they were the official grader of ANA. Is that true

 

[Mainedigger]

All the grading companies are good and a certified coin by any compnay will fetch higher dollar than one not "slabbed". However right now, PCGS is the most respected and toughest grader hence easier resale value and less questioning of the grade given. This is not to say NGC or ANACS are bad companies, just fact, right now PCGS carries more weight when it comes to resale in a slabbed coin. NGC or ANACS or one of the other upcoming companies may overtake them at some point but right now PCGS sits as king. Altough I am not thrilled with their practice of charging a membership fee and also a slabbing fee either..which is one reason why I am not a member of PCGS...

 

[snake35]

I speculate in semi-key and key date coins and I trust buying P.C.G.S. coins the most. Sometimes N.G.C. coins don't quite meet the grade, mostly on eye appeal. It seems like they slip some flat looking coins up a grade. Which canreally hurt you when you go to liquidate your postion.

 

[SteveDodds]

I'm new here but why does it seem that everyone on here is so caught up in slabbed coins? I just don't understand it. I have seen coins form all of the 4 maor companies that I don't agree with the grade. I imagine a lot of you have too. Have you ever heard the term "buy the coin, not the plastic"? In my eyes the only reason for slabbing is to authenticate a variety or authenticate if its real. Does anybody else think this? I've seen coins that were both graded the same but one looks a lot better than the other and sells for a lot more.

 

[snake35]

Two coins of the same grade,But one looks prettier. That is what is called eye appeal. The more appealing coin will sell faster and for more money. Defiantly buy the coin not the plastic.

 

[SHERMANVILLE ILLINOIS]

Not really into getting coins graded, but have
been reading up a bit.

Hope I am not butting in.

Found this very interesting:

The Professional Coin Grading Service (PCGS) is a third-party appraisal service for grading rare coins. It determines the condition and authenticity of each coin it grades to provide consumers with an independent knowledgeable rating on which to judge the coin. It was founded in 1986, and is located in Newport Beach, CA.

On August 17, 1990 the FTC issued a press release regarding PCGS. “FTC CHARGES COIN CERTIFICATION CO. MISREPRESENTS OBJECTIVITY OF ITS COIN GRADING SERVICES; COMPANY AGREES TO SETTLEMENT” The FTC charged that “PCGS misled consumers by falsely claiming that it provides consistent, objective grading of coins and that investment in PCGS-certified rare coins eliminates all the risk associated with the grading of coins.” PCGS/David Hall was charged and placed on probation for 2 years. Civil Action No. 90-1982, www.ftc.gov, New York Times, 8/17/90 The Wall Street Journal, 8/17/1990

In 2003 Coin World conducted an investigation of PCGS, NGC and ANACS, three of the leading grading services. In this investigation, several coins were sent to each grading service. In not one single case did the grading services agree on the grade of any given coin, and in some cases the difference in grading was seven points off. It is standard in U.S. numismatics to grade coins on a point-scale from 1 (poor) to 70 (perfect).
The Professional Coin Grading Service (PCGS) is a third-party appraisal service for grading rare coins. It determines the condition and authenticity of each coin it grades to provide consumers with an independent knowledgeable rating on which to judge the coin. It was founded in 1986, and is located in Newport Beach, CA.

On August 17, 1990 the FTC issued a press release regarding PCGS. “FTC CHARGES COIN CERTIFICATION CO. MISREPRESENTS OBJECTIVITY OF ITS COIN GRADING SERVICES; COMPANY AGREES TO SETTLEMENT” The FTC charged that “PCGS misled consumers by falsely claiming that it provides consistent, objective grading of coins and that investment in PCGS-certified rare coins eliminates all the risk associated with the grading of coins.” PCGS/David Hall was charged and placed on probation for 2 years. Civil Action No. 90-1982, www.ftc.gov, New York Times, 8/17/90 The Wall Street Journal, 8/17/1990

http://en.wikipedia.org/wiki/Professional_Coin_Grading_Service

all have a good un.............