When crossing a coin from PCGS to NGC, does NGC notify PCGS?

[Peace_Fan]

If NGC crosses a coin that was in a PCGS holder, do you tell PCGS so that they can adjust their population report?

 

If not, it would be a good thing to do (in my eyes) to keep the total pop count closer to reality. With dealers and collectors cracking out coins and sending them in raw I'm sure the pop reports are artificially inflated, especially for higher grade coins where there is a larger price differential between grades, so this would be a benefit to those who own issues with a low pop.

 

Thanks for reading!

[RMontgomery]

Peace Fan,

 

When a coin successfully crosses over into our NGC holder, the original insert is returned to the submitter of the coin. It is then up to the individual submitter to return the insert back to the original certification service. Both of the major services' policies regarding the inserts are the same. There may be times when the submitter still needs the information from the insert itself for record keeping purposes and will subsequently handle the return of the tag back to the originating service.

 

I agree with you that there are population figures skewed because of inserts not returned, and I can't understand why a collector or dealer would not want to return those inserts in order to more properly indicate the population of those coins. Because of this, I have looked towards the reports more as indicators of rarity rather than actual figures.

 

Thank you for your question and your interest in NGC. We look forward to hearing from you soon.

 

Rick Montgomery