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Update for:Is ANYONE here smart enough to answer this PCGS vs. NGC hypothetical, as presented?
coinguy1
Posts: 13,484 ✭✭✭
Coin X in a PCGS holder has a sight-unseen bid of $2410 and a sight-seen bid of $3000.
Coin X in an NGC holder has a sight-unseen bid of $2200 and a sight-seen bid of $2700
It is now time for you to sell the coin - is it better if you bought/own it in a PCGS holder or an NGC holder?
IF you can answer, please humor me and explain your logic/reasoning?
Coin X in an NGC holder has a sight-unseen bid of $2200 and a sight-seen bid of $2700
It is now time for you to sell the coin - is it better if you bought/own it in a PCGS holder or an NGC holder?
IF you can answer, please humor me and explain your logic/reasoning?
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Assuming you're going to hit a bid? It depends on who is bidding and if they really want the coins.
If you're not going to hit the bid, you're almost certainly better off with the PCGS coin.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
As for this question, the answer is NO.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
If I am selling, it depends on what the (PCGS minus NGC) "spread" was when I bought the coin.
If the spread was wider when the coin was bought, I want to own the NGC coin, if the spread was tighter when the coin was bought, I want to own the PCGS coin.
More than likely its cost was way less than the prices are now. NGC has made some strides and is closing the gap that was present between the two companys within some series.
Being smart enough has no bearing. Having common sense does.
Ken
So there.
Self Indulgence | Holey Coins | Flickr Photostream
No, but it won't stop me from trying.
It is better to own it in a PCGS holder because there are some collectors who want it only that way. If you have it in an NGC holder, you might eliminate some people from the potential pool of buyers.
I will follow-up on this thread tomorrow or Friday, in order to give others a chance to reply first.
If the question was presented at the time of purchase, that might require a different analysis.
?
and it sets us apart from practitioners and consultants. Gregor
The answer is "it depends".
Since it is the same coin it would be better to buy it in NGC since it was cheaper.
But "it depends" on the eventual buyer. Does he/she depend on holders or their ability to decide on their own.
"It depends" on whether the buyer is buying sight seen because he/she would more likely have a little more confidence in the PCGS.
"It depends" on the series in question and which series grades better on that series.
"It depends" on whether the buyer is a registry type and needs it in a certain holder.
"It depends" on the market at the time of sale and how it views both services.
Etc., etc., etc.
Etc., etc., etc.
Chris
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I am assuming that youy bought the coin at the "right" price to start with
Greg
<< <i>I don't think the question is answerable without more information..... >>
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Billy
If you purchased the coin and bought it intelligently then you most likely expended less dollars for the NGC coin if you purchased it in the last ten years. If you invested the difference between what you paid for the coin in an NGC holder and a PCGS holder then you would actually be dollars ahead having purchased it in an NGC holder. Once again all other things being equal, such as the coins being graded properly etc.
Of course in the real world this seldom occurs. Let's assume instead of investing the difference, lets say $300 you instead purchased a coin such as a proof walker and sold it for double what you paid originally for it, then regardless you are money ahead. We could keep throwing scenarios out all day long. Since I don't really care what holder its in when I buy the coin, I will assume that I made a profit regardless becuase of my ablity to mostly do so.
It was bought in an NGC holder and is now in a PCGS holder which will bring more plus side profit.
Either way a profit would be made. It just depends on which holder "Coin X" is in at the time of sale.
<< <i> i would say it's obviously more valuable in the PCGS holder. >>
Perhaps, BUT, that wasn't the question.
My question was :
<< <i>It is now time for you to sell the coin - is it better if you bought/own it in a PCGS holder or an NGC holder >>
Doug, I'm not picking on you, but rather, using your post as a HINT regarding the answer(s).
Therefore, with the PCGS coin you lose more value by selling sight-unseen, and the coin is less liquid. Since we do not know the original purchase price, the method of purchase (sight-seen or sight-unseen) or the sale method (sight-seen or sight-unseen), mathematically the greatest chance for profit is with the NGC coin, and that is my pick.
(edited for math
I don't buy coins sight unseen except for modern Proof sets and commemorative sets which come high grades for the most part. I won't buy any other coins sight unseen without a return clause on a bet.
My question was :
<< It is now time for you to sell the coin - is it better if you bought/own it in a PCGS holder or an NGC holder >>
Mark: your question is a bit ambiguous and depends on how you define 'better'. If you are looking for what's better at the time of sale, it's flat out more money in your pocket. Your purchase price is not relevant at all in that situation. If you are looking at what the best return on investment was, then you do need to know the purchase price, but not enough information is given to determine that.
And then there's the enjoyment factor along the way....
You bought it as PCGS because it was worth more money and has a better resale value and liquidity. Now it's time to sell it and you should thank yourself that it is PCGS. Ugly or nice, better if PCGS.
And as presented your price/ratio also favor the PCGS coin. It's a winner all around. While you may spent extra to get the PCGS you get a larger % in the end. Checkmate.
roadrunner
<< <i>If you are looking for what's better at the time of sale, it's flat out more money in your pocket. >>
Yes but I believe he's asking which is better at time of purchase, not at time of sale.
On the other hand, there was a time long ago that NGC commanded a higher premium and if the coin was purchased when NGC was considered the top grading company you might have been able to purchase the equivalent PCGS slabbed coin at a discount.
When we are planning for posterity, we ought to remember that virtue is not hereditary.
Thomas Paine
<< <i> PCGS coins bring more money almost across the board. >>
NOT TRUE!!
Those who claim this have not looked at the Blue Sheet in over a year. There are many blind bids for NGC coins that have higher bids than PCGS. To say that PCGS is better almost across the board is a gross overstatement.
If "coin X" has increased in value between the time you bought and sold it, a similar increase in value of the coin (regardless of the holder) would result in a greater percentage increase when originally purchased in a less expensive holder.
EXAMPLE:
A) Bought $1000 (increased value of $100) sold $1100 = 10% gain
Noticed that the coin in example A (PCGS) remains worth more than the coin in example B (NGC) however, the gain is greater in example B (NGC).
Just an opinion, Ralph
<< <i>
<< <i> i would say it's obviously more valuable in the PCGS holder. >>
>>
<< <i>Perhaps, BUT, that wasn't the question.
My question was : "It is now time for you to sell the coin - is it better if you bought/own it in a PCGS holder or an NGC holder"
Doug, I'm not picking on you, but rather, using your post as a HINT regarding the answer(s).
ya bully !
<< <i>Coin X in a PCGS holder has a sight-unseen bid of $2410 and a sight-seen bid of $3000.
Coin X in an NGC holder has a sight-unseen bid of $2200 and a sight-seen bid of $2700
It is now time for you to sell the coin - is it better if you bought/own it in a PCGS holder or an NGC holder?
IF you can answer, please humor me and explain your logic/reasoning? >>
PCGS spread = $590
NGC spread = $500
with those numbers, and not knowing what the purchase price was originally, the PCGS slab is worth $90
<< <i>is it better if you bought/own it in a PCGS holder or an NGC holder? >>
It depends on how much you paid for it.
My posts viewed
since 8/1/6
<< <i>Coin X in a PCGS holder has a sight-unseen bid of $2410 and a sight-seen bid of $3000.
Coin X in an NGC holder has a sight-unseen bid of $2200 and a sight-seen bid of $2700
It is now time for you to sell the coin - is it better if you bought/own it in a PCGS holder or an NGC holder?
IF you can answer, please humor me and explain your logic/reasoning? >>
PCGS since there coins are better!
(or what robertpr said as I go back and read his answer)
It was, however, about lack of essential information and misconceptions.
First, and most importantly, there is absolutely no way to know in my hypothetical, if one would have done better having bought an NGC vs. PCGS coin, without knowing what each would have cost at the time of purchase - it doesn’t matter if the PCGS coin is currently worth $1000 more than the NGC one, if, at the time of purchase, it cost $1001 or more than the NGC one cost.
I always hear “It’s better to buy a PCGS coin because when you go to sell it, you will get more for it”. And, while a PCGS coin is often worth more, that’s nowhere near the whole story. The difference in cost must be examined too, and many seem to completely ignore that fact.
What would be interesting and informative, would be to see a study on price spreads between various PCGS and NGC coins over time.
Next, let’s get to the prices I included in my hypothetical.....
The sight-unseen prices are relevant with respect to knowing a likely worst case scenario, minimum price you could get for a PCGS coin vs. an NGC coin.
The sight-seen prices, on the other hand, might or might not indicate what a buyer would pay for each coin. Some of the sight-seen bids which are posted are legitimate ones which bidders will honor for coins that meet their sight-seen standards. Others, however, are posted in attempts to get PQ coins offered to the bidder or to try to help prop up the “values” of the bidder’s own coins.
Finally, depending upon the quality and eye-appeal of the actual coin, it might bring a price well above the high sight-seen bid, regardless of which holder it is in.
Please try to remember - often times it really is about the COIN and not the plastic (and accompanying grading label)!