Question to all you numismasters...
I have an important type coin that I purchased in an NCS holder. I have no intention of selling the coin, and frankly was very lucky to have found this piece, graded "MS details" by NCS, since it would be an absolute monster in an NGC or PCGS Mint State holder.
I am starting to see a lot of coins in PCGS holders graded "Original". Am I correct to assume this is their way of capturing more "holdering" business that otherwise would have been sent back in a body bag? If so, then good for them. There are no worries as long as the action is not misleading or missinterpreted by the public.
But here's the real $64,000 question...who's holder in the long run will provide my "would be monster coin" with the most upside value gain...the "NCS, MS Details holder" or the "PCGS - Original holder"?
Thanks in advance for your thoughts. It's your lead....Off Belay
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4 comments:
I believe that anything in a PCGS holder is more marketable than NCS. PCGS has been around alot longer than NCS.
PCGS introduced its new "Genuine" slabbing service in this June 2008 press release:
[Effective immediately, the Professional Coin Grading Service (PCGS) will begin authenticating and encapsulating "problem" coins (i.e. altered surface, cleaned, environmental damage, etc.). Holders and inserts for the "GENUINE" service will be identical to the normal PCGS holder except that the insert will read "GENUINE" in place of the usual grade. No grade will be assigned to these coins, but they will be eligible for inclusion in the PCGS Set Registry with a grade value of "1."
Customers should submit all coins for the GENUINE SERVICE on a regular PCGS submission form, marking "GENUINE SERVICE" in the "Other" box.
The fee for the GENUINE SERVICE is $100 per coin. Turnaround times for the GENUINE SERVICE will be approximately the same for all other PCGS services. The GENUINE SERVICE is a stand-alone service and is not available in combination with any other service levels. "No-grade" coins from other service levels must be resubmitted under the GENUINE SERVICE in order to be encapsulated.]
As you can see from this press release, the term used is "GENUINE," not "ORIGINAL."
As for the NCS vs. PCGS GENUINE SERVICE value debate, it will always depend on the individual coin to determine which service offers the most potential upside price appreciation.
In the long run, it will probably be more advantageous to offer the coin "un-holdered" in an auction format and let the potential bidders decide. Because offering coins in holders that imply or declare they have problems, automatically stigmatizes them in the minds of prospective buyers.
One valuable thing that either grading service can offer is an explanation to submitters why the coins aren't eligible to receive real grades (e.g., "putty applied in right obverse field to hide hairlines," or "luster altered from application of baking soda.")
NCS does this to a degree, but the fees are high. Besides, most individuals don't submit coins to NCS to receive them back in Net-Grade holders. They submit them to see if NCS can conserve them to the point that the coins are worthy of receiving a real grade.
I havent submitted a coin to PCGS lately but $100 is probably more than the usual fee for a no-problem coin?
Just for the record, PCGS has amended its grading fees and the GENUINE designation is now priced according to the level which the coin is submitted.
For instance, if you submit a coin at the 5-day level, you'll pay $50 if the graders authenticate your coin to be genuine, but because of a problem with the coin (cleaning, rim damage, doctored surface, etc.) decide not to assign it a numeric grade.
At least, that's the way I understand PCGS' position at the present.
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