Menu Options
Home Page
Publisher's Notes
Archives
About Us
News/Press Releases 
Links
CoinStats 
Statehood Quarters
Contact Us
Link to Us
Bullion Today
2004 PNG/ICTA Grading Survey
E-Subscribe to News/Updates
Enter your e-mail address and press Go! 
 

Understanding the 2004 PNG/ICTA Grading Service Survey

PNG, (Professional Numismatists Guild) and ICTA, (Industry Council for Tangible Assets) each sent a survey to its professional members during July 2004. The survey asked respondents to give their opinions, on a scale of 1-10, of each of eight grading services with respect to 12 criteria, from grading accuracy to customer service. The survey was sent to over 521 professional coin dealers (members of ICTA and PNG), and 172 qualified responses were received prior to the close of the survey.

Not all respondents responded with respect to all eight grading services, and some did not respond with respect to all 12 criteria. Other responses were not counted because the respondents responded affirmatively to PNG/ICTA's request that they disclose any ownership or other affiliations they might have with particular grading services, or because PNG was otherwise aware of an affiliation.

The results were tabulated by a highly respected accounting firm, and are presented both with respect to each individual criterion, and also overall based upon weighting factors established by PNG/ICTA (and disclosed in advance to respondents). All the original surveys are being held by BiggsKofford Accounting in Colorado Springs, CO.

The survey results are being published solely as a service to the numismatic marketplace, particularly members of the public who buy coins, and the results do not necessarily reflect the views of PNG or ICTA, or any particular PNG or ICTA member, with respect to any particular grading service(s).


Results of 172 Qualified & Verified Surveys from PNG/ICTA Members

Unacceptable: 0-1 |  Poor:  2-3  |  Average:   4-6  |  Superior:  7-8  |  Outstanding:  9-10

     
12 Categories + Weighted AverageACGANACSICGNGCNTCPCGSPCISEGS
Accuracy of MS & PR Grade (15%)UnAcceptAverageAverageSuperiorUnAcceptSuperiorPoorPoor
Accuracy of Circulated Grade (15%)UnAcceptAverageAverageSuperiorUnAcceptSuperiorPoorPoor
Detecting Altered, Repaired, etc. (15%)UnAcceptSuperiorSuperiorSuperiorPoorSuperiorPoorAverage
Accuracy of Attributions (10%)UnAcceptSuperiorAverageSuperiorUnAcceptSuperiorPoorAverage
Accuracy of Grading Modern Coins (7%)UnAcceptAverageAverageSuperiorPoorSuperiorPoorPoor
Consistency of Grading (7%)UnAcceptAverageAverageSuperiorUnAcceptSuperiorPoorPoor
Grading Guarantee (7%)UnAcceptAverageAverageSuperiorUnAcceptSuperiorPoorPoor
Marketplace Acceptance (7%)UnAcceptAverageAverageSuperiorUnAcceptSuperiorPoorPoor
Customer Service & Products (5%)UnAcceptAverageAverageSuperiorUnAcceptSuperiorPoorPoor
Collector Benefits Provided (5%)UnAcceptAverageAverageSuperiorUnAcceptSuperiorUnAcceptPoor
Security of Certified Holder (5%)PoorAverageSuperiorSuperiorPoorSuperiorPoorAverage
Cost of Certification services (2%)PoorSuperiorAverageSuperiorPoorAverageAverageAverage
Weighted AverageUnAcceptAverageAverageSuperiorUnAcceptSuperiorPoorPoor

Summary of the 12 different Grading Survey Criteria & Weighted Average
Total RecapACGANACSICGNGCNTCPCGSPCISEGS
0 to 2 UnAcceptable1191
3 to 4 Poor24119
5 to 6 Average1011114
7 to 8 Superior321312
9 to 10 Outstanding

All Surveys tabulated and Verified by BiggsKofford Accounting of Colorado Springs, CO.


 


©2004 Coin Connoisseur
5855 Topanga Canyon Blvd., Suite 330
Woodland Hills, CA 91367
Toll free: (888) 454-0444 ~ Fax: (818) 594-8599
email: info@coinmag.com