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Your input please.

Started by chameleon_coins-migration,

13 posts in this topic

chameleon_coins-migration

chameleon_coins-migration

Posted
Posted

Please take a few seconds to answer these 10 quick questions. This is the first of two surveys (possibly more to come) that is being used to compile information about how we coin collectors feel about the TPG's. The information may possibly be shared with one or more of the third party grading services to help bring about improvements in the current grading trends. Thank you for your input.

 

Click Here to take survey

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Mozin

Mozin

Posted
Posted

Survey seems to be reasonable, and speaks to all the major grading services, and CAC. Takes less than five minutes. No participant identification requirements whatsoever. I would not hesitate to take this survey.

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chameleon_coins-migration

chameleon_coins-migration

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Sorry. I did not realize that only 100 responses were allowed with the basic account. Here were the results:

 

1. Which of these third party grading service's coins do you currently have in your collection?

 

___________Yes__________No__________Response Count

ANACS____80.2% (73)____19.8% (18)_____91

CAC______40.0% (30)_____61.3% (46)____75

DGS______10.0% (6) ______90.0% (54)____60

ICG_______50.7% (38)_____49.3% (37)____75

NGC_______90.4% (85)______9.6% (9)_____94

PCGS______100.0% (100)_____0.0% (0)____100

 

 

2. What is your preferred TPG?

 

__________________Response Percent_______Response Count

ANACS_______________4.0%___________________ 4

DGS_________________ 0.0%___________________0

ICG__________________0.0%___________________0

NGC_________________19.2%__________________19

PCGS________________76.8%__________________76

 

 

3. How would you rate each company's accuracy when grading coins?

 

..............................................................................ANACS.............DGS...........ICG................ NGC................PCGS

 

Awful (Might as well buy a raw coin)...........................1.0% (1)...........9.8% (9).....4.2% (4)..........1.0% (1)........0.0% (0)

 

Less than mediocre ..................................................0.0% (0)............3.3% (3).....8.3% (8).........0.0% (0).........0.0% (0)

 

Mediocre (50/50)......................................................17.2% (17)..........5.4% (5).....32.3% (31).....5.0% (5).........0.0% (0)

 

Good, but grades are sometimes off by a point or 2......44.4% (44)..........7.6% (7).....29.2% (28)....51.0% (51).....35.0% (35)

 

Excellent (As accurate as one could expect)..................22.2% (22)..........3.3% (3)........2.1% (2)......39.0% (39).....62.0% (62)

 

Don't know (Not enough seen to tell)............................15.2% (15)..........70.7% (65).....24.0% (23)......4.0% (4)........3.0% (3)

 

 

4. How consistent are each of the following TPG's? Meaning if you crack out a coin and send it back, what are the chances it will grade the same?

 

________________________________ANACS________DGS___________ICG____________NGC____________PCGS________________

 

 

Extremely consistent.

Not much chance of getting a .............3.2% (3)..........1.1% (1)..........2.2% (2)...............13.1% (13)...............11.2% (11)

different grade.

 

Consistent. Occasionally

grades will change by a point..............34.7% (33).......5.6% (5)..........11.8% (11)............41.4% (41)...............52.0% (51)

 

Consistent, but sometimes

grades may change by 2....................10.5% (10).......1.1% (1)...........15.1% (14)............12.1% (12)..............5.1% (5)

or more points.

 

Not consistent. Most likely

a coin will have a different....................6.3% (6).........4.4% (4)..........12.9% (12).............5.1% (5).................9.2% (9)

grade.

 

Ha! These guys grade

by pulling numbers from.......................0.0% (0).........2.2% (2)...........2.2% (2)................1.0% (1)................0.0% (0)

a hat.

 

Don't know........................................45.3% (43)........85.6% (77).......55.9% (52).............27.3% (27)...........22.4% (22)

 

 

5. Do you like the star designation used by NGC?

 

Yes 42.4% 42

 

No 21.2% 21

 

Impartial 36.4% 36

 

 

6. Do you feel like the star designation used by NGC is properly assigned to coins?

 

Yes______________________________________________31.9% 29

 

No_______________________________________________16.5% 15

 

Sometimes coins that deserve one don't get one, _________51.6% 47

and sometimes they are given to coins that should

not have one.

 

 

7. Do you like the genuine holder that is now being used by PCGS?

 

Yes 72.7% 72

 

No 27.3% 27

 

 

8. Do you feel like PCGS is placing too many coins in genuine holders that should actually be graded?

 

Yes 42.4% 42

 

No 19.2% 19

 

Don't know 38.4% 38

 

9. How important is it to you for a certified coin to have a CAC sticker

 

Who cares? A TPG's certification should be all that's needed. __________________41.2% 40

 

Not real important, but nice to have._______________________________________45.4% 44

 

Important, but not worth paying a big premium.______________________________11.3% 11

 

Important, and worth paying a big premium. __________________________________2.1% 2

 

An absolute necessity.____________________________________________________0.0% 0

 

Only important for rainbow toned coins.______________________________________0.0% 0

 

 

10. If you have any questions or concerns that you could share with any of the TPG's, what would they be?

 

 

1. The consistency of BB'ing dings and scratches is a bit suspect

 

2. Every TPG needs and online database with clear color photos to combat the ever increasing counterfeit problem.

 

3. * Inconsistency is the biggest issue even with PCGS (from submission to submission and from year to year).

* It's rather well accepted by many, including dealers, that CAC has motivated some TPGs to tighten their grading. This is unfair to those who might want to submit in this period -- they are building their reputation on our backs and our bank accounts.

* NGC is now rejecting many coins for "staining" yet there are many nice NGC and PCGS coins that have spots that would probably be considered "stains." Very inconsistent and confusing.

* PCGS seems to place way too much weight on luster in some series.

 

4. less complex way to submit coins. seems too 'busy' of a form to complete.

 

5. consistency is the biggest concern, second biggest concern is that the TPG's don't use of post their grading sets

 

6. I would like to see PCGS holder non-genuine coins and label them as such on the holder.

 

7. PCGS - Why are you putting good coins in Genuine holders?

 

8. Issue more "net" gradings.

 

9. Stop erring on the side of caution so much. Stop trying to look good in the eyes of CAC by bagging so many coins.

 

10. Most TPG's are too lenient when it comes to SLQ's FHs. Yes, even PCGS will grant a FH when it doesn't deserve one. Look at all of the 1927-S's out there - there is not one true FH in the bunch... a few "almost FH's" ... but if you're going to grade consistantly, then do so by making all the type Two & Three SLQs subject to the same grading standards. As far as I'm concerned, NGC is the worst / most lenient grader of FH SLQs.

 

11. Please be more consistent...

 

12. ...

 

13. tpg need one uniform grading

 

14. All slabbing companies should stop using both slabs and numerical grading.

 

15. PCGS' variety attribution cost of $24 is absurd times two.

NGC and ANACS holder too many cleaned coins.

ANACS is far too liberal on PL and DMPL Morgans.

 

16. Don't go overboard bagging nicely toned coins at AT.

 

17. When a coin is bodybagged give the collector more details to why.

 

18. Regarding #9, I don't believe that CAC verifies that a rainbow toned coin is indeed, NT. When they CAC a rainbow toned coin, they're just attesting to the grade, not the color.

 

19. Counterfeit slabs are a growing problem and so far the industry response seems ineffective.

 

20. Key dates should not receive leniency in regards to cleanings or technical grade.

 

21. PCGS-Why don't you designate PL in other MS series besides $1's, like other TPG's.

PCGS-NGS-Why have you dropped some very important and obvious rare varieties such as 1893/2 Proof Barber Dime. 5 or 6 of these clearly exist as I have seen 2 of them. Not significant? Hardly. There are other examples as well.

 

22. Have you also posted this survey on the NGC message board. If not, the answers here will surely be one sided and not a completely accurate survey deeming it worthless.

 

23. TPG's need to band together to go after the fake coins and slabs coming out of Asia.

 

24. None

 

25. NGC is bit too liberal with MS70s

 

26. That NGC is the only one to grade GSA's in the hardpack.

 

27. A little more specificity when coins are rejected

 

28. I'm concerned that NGC & PCGS are not grading so many naturally toned coins, simply because they can. They get paid, and then again if you send it back. If they really are unsure of the toning, we should not pay (after all we are paying for the assurance of an expert's opinion). It's unfair to charge with so many coins not grading and the high submission costs.

 

29. I'm concerned with the lack of consistency or rather, the 'back and forth' grading standards that have taken place over the years.

 

30. Why are your fees so high?

 

31. Cheaper prices for submissions for individuals.

 

32. CAC have a place with some people, But are really not much of anything

 

33. Don't have any.

 

34. submission costs are too high

 

35. Try honesty when you grade the first time, and stop the BS on resubmissions-

 

36. Need to do much more to fight counterfeiting of their holders. Have to develop a more secure product if their services are to continue to have any value.

 

37. Why are coins that used to be graded PR69DCAM now coming back as PR67CAM on average??

 

 

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WoodenJefferson

WoodenJefferson

Posted
Posted

I want to know why DGS even got into this survey?

 

Is there some sort of agenda here, because it did not work and they recieved low scores as expected.

 

 

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robec1347

robec1347

Posted
Posted

Keep in mind this is not a very scientific poll. It leans heavily in PCGS's favor due to the fact it was posted there some time before being posted here. That thread gathered many posts before appearing here. It wouldn't be unrealistic to believe that 80%-90% of the respondents included in the final results were generated from there.

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