Author Topic: PCGS handing out a lot of 70 grades?  (Read 15487 times)

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Offline poconopenn

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Re: PCGS handing out a lot of 70 grades?
« Reply #30 on: January 25, 2014, 05:00:48 PM »
You managed to find one NPGS listing on ebay. Yesterday there were 0.

There is also only one NPGS sale in completed listings on ebay. Thats my purchase :)

PCGS has 1293, NGC 2727 listings according to my search. By one measure thats 1293x annd 2727x more liquid.

NPGS isnt even close to being in the same realm.

The only reason to post the picture of NPGS holder is for educational purpose. There are not too many members in this forum having chance to see this holder yet.

IMO, this holder is a copy of NGC holder. Assuming NGC had design pattern for its holder in US, but not in China, then, NPGS can market its brand in China, but not in US.

Offline Mirkkanen

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Re: PCGS handing out a lot of 70 grades?
« Reply #31 on: January 25, 2014, 11:48:14 PM »
What does this argument have to do with discovering whether PCGS is handing out a higher percetage of 70 grades ow as compared to i the recent past?

Extreme thread drift . . . although I have enjoyed the reading   :biggrin:

Offline davidt3251

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Re: PCGS handing out a lot of 70 grades?
« Reply #32 on: January 26, 2014, 01:04:41 PM »
I thought everyone knows 70 grade coins are highly liquid. In times of illiquidity in the market (like now), handing out more 70s is a response aimed at getting your clients better realized prices. It is natural that the probable underlying cause of the problem (getting clients better liquidity vs illiquidity) becomes the topic of further posts.

Or do people really believe that this sharp increase in PCGS 70s is natural??

Offline Hippanda

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Re: PCGS handing out a lot of 70 grades?
« Reply #33 on: January 26, 2014, 01:38:20 PM »
I thought everyone knows 70 grade coins are highly liquid.


70 grade coins may not always be highly liquid.  As usually they are priced significantly higher than 69
grade coins, that reduces the number if those who can afford to pony up for the higher price.
A seller may have to lower their asking price significantly for a 70 for a quick sale, vs selling a 69, which defeats the point of liquididty.
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline poconopenn

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Re: PCGS handing out a lot of 70 grades?
« Reply #34 on: January 26, 2014, 04:42:50 PM »
Here are summary of current eBay listed MS70, PF70 and PR70 for MCC:

          MS70      PF70      PR70
NGC      296      149      N/A
PCGS      274      N/A      51

IMO, NGC had inflated the grade long time ago and PCGS is following the NGC practice now.

http://www.ebay.com/sch/i.html?_odkw=PCGS+PR70&_osacat=173598&_from=R40&_trksid=p2045573.m570.l1313.TR10.TRC0.A0.XPCGS+MS70&_nkw=PCGS+MS70&_sacat=173598

http://www.ebay.com/sch/i.html?_odkw=PCGS+MS70&_osacat=173598&_from=R40&_trksid=p2045573.m570.l1313.TR10.TRC0.A0.XPCGS+PR70&_nkw=PCGS+PR70&_sacat=173598

http://www.ebay.com/sch/i.html?_odkw=PCGS+PR70&_osacat=173598&_from=R40&_trksid=p2045573.m570.l1313.TR10.TRC0.A0.XNGC+PF70&_nkw=NGC+PF70&_sacat=173598

http://www.ebay.com/sch/i.html?_odkw=NGC+PF70&_osacat=173598&_from=R40&_trksid=p2045573.m570.l1313.TR10.TRC0.A0.XNGC+MS70&_nkw=NGC+MS70&_sacat=173598

Check out this 1979 35th anniversary of the founding of the PRC 4-coin NGC PF 70 set. The picture of the listing is not clear, but you can check NGC website to decide yourself if NGC has inflated the grade of this set or not.

http://www.ebay.com/itm/221344558288?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649

Offline Birdman

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Re: PCGS handing out a lot of 70 grades?
« Reply #35 on: January 26, 2014, 06:11:56 PM »
Here are summary of current eBay listed MS70, PF70 and PR70 for MCC:

          MS70      PF70      PR70
NGC      296      149      N/A
PCGS      274      N/A      51

The absolute number of 70s for NGC or PCGS will be affected by the total number of coins graded by each company, which is unlikely to be the same. 

Also, these eBay numbers are heavily influenced by the abundant 70s for recent date pandas such as 2010-2014.  Grading statistics for such high-mintage, bullion-related issues may be less of a concern for the people focused on uncommon 70s.


IMO, NGC had inflated the grade long time ago and PCGS is following the NGC practice now.


Although I have only been watching closely for several years, my gut sense is that there may be some truth to what you say.  A few years ago, for some of the older gold pandas that I kept an eye on, I recall that there were extremely few 70s.  It seemed nearly impossible to get a PCGS 70 for some coins.  I think PCGS may indeed have been tougher than NGC. 

I think what people are reacting to in this thread is that the standards for PCGS seem to have become markedly less strict, at least over the past several months for some of the modern China coins.  Grading inconsistency over time makes people uncomfortable.  If I had invested heavily in the scarce PCGS 70s of a few years ago (I did not), I would not be pleased if the grading standards suddenly decreased.

Offline AllSong

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Re: PCGS handing out a lot of 70 grades?
« Reply #36 on: July 19, 2014, 03:49:00 AM »
I know it might not show the big picture, but Wafdawg (member at this forum aswell I believe!?) submitted about 15 coins, not a single 70. Tjek out his other vids aswell, really nice pandas!  :001_tt1:
https://www.youtube.com/watch?v=XUN1XtKCQQ4&index=1&list=UUCD_8DvAPyvF0TJ4SMOJd7w
"Boards don´t hit back!"

Offline NumiKat

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Re: PCGS handing out a lot of 70 grades?
« Reply #37 on: July 19, 2014, 02:20:09 PM »
It looks as if NGC may be loosening the standards for 70 grades even faster than PCGS is.

I noticed from NGC census that, last week, for the first time ever, they graded a 1983 silver panda as PF 70 (out of about 600) and also a 2001 no D silver panda as MS 70 (out of about 1,900). Previously, for many years, there had been no 70 grades for either coin.

If NGC standards haven't changed, then what explains this occurrence? The odds of that happening just by chance in the very same week would seem to be very close to zero...  N20

Offline applenj

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Re: PCGS handing out a lot of 70 grades?
« Reply #38 on: March 05, 2018, 10:49:59 AM »
I'd like to bump this thread up with a question, if I may, on the topic of grade inflation:

I had some coins graded by PCGS in 2011.  My sense from this thread is that the same coins would have been graded lower then than they would have more recently.  Does that mean I should consider regrading?  Is it worth the expense (and/or to consider NGC instead of PCGS or adding NCS conservation?).  Because I'm sure the absolute value of the coin factors into that equation, I'm thinking specifically of a 1996 1-oz large date gold panda.

Thanks!

Offline Mirkkanen

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Re: PCGS handing out a lot of 70 grades?
« Reply #39 on: March 05, 2018, 11:13:48 AM »
 I think you have to look at your coin specifically and determine whether you feel the grade is accurate or whether the graders were especially harsh that day. There's a small chance that the grade would be changed, so first you should try to figure out what the graders were looking at when they decided to grade it a 67 or 68, or whatever it is that made them assign such a grade. You'll probably be spending 75 bucks on the endeavor, so you should know whether there is a fair chance you can recoup your money.

Offline PandaCollector

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Re: PCGS handing out a lot of 70 grades?
« Reply #40 on: March 05, 2018, 05:53:41 PM »
I'd like to bump this thread up with a question, if I may, on the topic of grade inflation:

I had some coins graded by PCGS in 2011.  My sense from this thread is that the same coins would have been graded lower then than they would have more recently.  Does that mean I should consider regrading?  Is it worth the expense (and/or to consider NGC instead of PCGS or adding NCS conservation?).  Because I'm sure the absolute value of the coin factors into that equation, I'm thinking specifically of a 1996 1-oz large date gold panda.

Thanks!

You could also crack it out of the holder yourself and submit it to either PCGS (or NGC) for, I think, $30.

Best wishes,
Peter Anthony
China Pricepedia
The Gold & Silver Panda Coin Buyer’s Guide 3
www.pandacollector.com


Offline applenj

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Re: PCGS handing out a lot of 70 grades?
« Reply #41 on: March 05, 2018, 09:54:55 PM »
Thanks, Peter.  I may end up doing that with one or two of them, if I think there's a decent likelihood of an upgrade.  I appreciate the input!

Offline china-silvercoin

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Re: PCGS handing out a lot of 70 grades?
« Reply #42 on: March 07, 2018, 03:51:25 AM »
Market value for mcc in PCGS holder is lower than for NGC graded coins.
From my limited experience with NGC the likelihood to get an Upgrade is higher if you crack the coins out of the PCGS holder before submitting to NCS or NGC.
Good luck !

Offline applenj

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Re: PCGS handing out a lot of 70 grades?
« Reply #43 on: March 07, 2018, 10:13:16 AM »
Cool.  Thanks.  Just out of curiosity, since they've now been removed from the original plastic pouches to go into the PCGS holder, if I were to crack them out to resubmit, what would be the safest way to contain them to ship to NCS/NGC?  Thanks!

Online Agpanda

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Re: PCGS handing out a lot of 70 grades?
« Reply #44 on: March 07, 2018, 10:34:36 AM »
It would probably be best with a original capsule or an airtite