Dealer Buys The Coin Not The Holder! pcgs vs ngc

stman

As I see so many recent posts pcgs vs ngc thought I would share this. Went to sell some coins to feed my ever growing habit. I had some of same grade same date pcgs and ngc. Dealer paid the same for both. Some were dmpl morgan cc in 64. And yes WSM some were $20.00 gold saints.

I understand this isn't allways the case but coins were nice and they knew it. I've allways felt if a person knows a little of what they are doing and buys nice coins they won't have problem selling them.

But in the case of not knowing what you have to begin with some will take advantage of this situation.

stman

RLinn

I think the key point here is, you bought the coin and so the dealer had no problem buying the same coin (not the holder). IMHO an accurately graded coin in one of the top two service holders seems to find a fair market offer from most dealers with an interest in the coin.

stman

I agree, It just took me longer to mention my point.

Placid

I thought a pcgs authorized dealer has to accept the grade on a pcgs holder when buying or lose their pcgs dealer status?
At least that's what the pcgs site say's anyway.
Then again who is a dealer to say he knows better than the three people at pcgs or ngc that graded the coin.
I think any dealer who constantly say's a pcgs or ngc slabbed coin is graded wrong is just trying to get you to sell for less so when they resell it at the grade on the slab they can get more profit.

Has any one ever tried to sell a pcgs coin and had the dealer tell them it was undergraded so they will give them the next grades price for it?

griffin6

No dealer is REQUIRED to buy any coin unless they are a marketmaker who posts sight unseen bids on the electronic networks. Obviously, there are few instances where someone will willingly pay the next higher grade price for a coin, but you may be able to get some portion of the spread if YOU negotiate for it.