What would allowing NGC coins in the Registry do to prices

Tonelover

As a side note, what are your feelings on the pricing effects of the more popular and competitive series should people be allowed to substitute their freshly stickered NGC slabs in the PCGS Registry sets?

Would you have a situation where "pop tops" (man I hate that term) would experience weakness as people are no longer forced to chase the PCGS holder

or..

Since the NGC stickers would often display lower grades than needed for that all important set bump, would people in effect be in the same boat anyway.

What do you think?

michael

up up and away in my beautiful my beautiful ballooooooooooooooooooooooooooon

would you like to ride in my beautiful balloon?

would you like to play in my beautiful balloon?

you could ride with me to the highest stars if only you have the right package around the coin!

but that is not all

FOR ME! the coin would also have to be as nice as the grade on the package and also have exceptional eye appeal and/or other extraordinary qualities

the package is only a bonus! nothing wrong with that as long as you meet my criteria as per the above

sincerely michael

Dog97

I think it would take the pressure off of PCGS holdered coins somewhat & soften their value and put more pressure on NGC coins & raise their value.

braddick

I agree with Dog97. Prices would be steadied and more collectors would at least look at and possibly give NGC a shot at their business.

CarlWohlforth

I don't think it would do anything to the high prices of low population modern coins. That is because I think the PCGS sticker on NGC coins (that didn't cross) will all be a grade lower than the highest population coin.

The populations might increase if some NGC coins do cross at the top grade. I don't think there will be huge increases because many of these candidates have already tried to cross.

Zerbe

I can only speak for classic coins. Certain coins in high grades do not exist at PCGS. They more than often do exist at NGC. The general rule is PCGS is tighter and a lot of people have been taking a PCGS PR67 $10 Indian, for an example, and crossing it to NGC PR68. Obviously done for the monetary gain, and usually by the crackout / wholesalers. A true PCGS afficionado, may buy a 'top pop' NGC coin for his PCGS Registry set, but basically he would stick to PCGS and PCGS would still have their claim as "The Finast known Sets". I am assuming that PCGS will limit their 'stickered' NGC coins allowable in each PCGS set to only 10%. If it is done in this way I think the amount of Registry sets at PCGS will increse even more. In short I do not see any changes in prices than exist now, if the amount of 'stickered' coins is limited to 10% of a Registry set. It will definitely increase the volume of sets at PCGS, and the continued buying, primarily of PCGS coins, for these 'extra sets' allowed into the PCGS Registry. Just my opinion ! I make no bones about one fact; At this present day and age I want all my Registry Sets to be PCGS. If the 'sticker thing works', I will yank the couple of sets I have posted at another Registry.

Aaron04

I agree with Dog97.
I think it would be something like this.
Current price NGC $70 PCGS $100
After the switch it would be something like NGC $80 and PCGS $90

kieferscoins

The PCGS coins may still get a little higher prices because you can automatically add a PCGS coin into your set whereas you would have to submit the NGC coin for a "submission" if it hasn't been done.

Cameron Kiefer

EVillageProwler

You honestly think that price differentials will be driven by the ease of adding an entry into the registry?

I'm thirsty -- go get me some Kool-Aid!

EVP

keithdagen

The PCGS coins may still get a little higher prices because you can automatically add a PCGS coin into your set whereas you would have to submit the NGC coin for a "submission" if it hasn't been done.

Why do so many "classic" NGC coins command the same or higher prices than their PCGS counterparts on a grade for grade basis?

kieferscoins

Yeah I do Evillage. I would rather buy a PCGS coin for the ease factor or pay a little more for it because of that. Having to wait for a cross is slow and I think it does play a part.

Here you go:



Cameron Kiefer

EVillageProwler

Thanks for the beverage. Can I have more?

Having to wait for a cross is slow and I think it does play a part.

BTW, we're not talking about crossovers. The assumption is that CU allows NGC slabs into the CU registry. Thus, no need for crossovers.

EVP

PS Can I have my Kool-Aid ``hard'' this time?

keets

Why do so many "classic" NGC coins command the same or higher prices than their PCGS counterparts on a grade for grade basis?

hey keith

isn't that the same as saying "Why do so many "classic" PCGS coins command the same or higher prices than their NGC counterparts on a grade for grade basis?"

in short, i believe you're saying that with classic coins, the two holders are essentially valued the same. that hasn't been my experience. what i see is a small value seperation between PCGS and NGC, and a grand canyon seperation between those two and all others. mind you, this isn't necessarily my mindset, just what i see around me. koolaid aside, there seems a willingness on the part of the hobby to trust PCGS ahead of the others. i'm getting more objective in how i look at a holdered coin but that bias is always present.

here's a story from last week. a gentleman had a sizable collection of morgans. PCGS, NGC, PCI and ANACS were the majority. a few local dealers picked them over before i got to see what was left for consignment to one of them for a show. what remained were ANACS, PCI and NGC, about 25 coins in all. after looking at them there were a few i considered but i passed. the dates that sold early to other dealers at the show were the CC's----irrespective of the holder. the remainder went back to the consigner. the two dealers i know who picked over the original lot told me that the non-PCGS coins aren't easily sold in the short term of a show to make buying them worth the effort.

i don't know how well that speaks to value, but it speaks to me of market which determines value. now, does anyone have some black-cherry?? i'm getting better at grading a coin in-holder for myself. what i notice is that there is a difference in equally designated grades between PCGS and NGC------generally across the board. the above example of the PR67 PCGS $10 going to an NGC PR68 and a price increase is an example.



al h.

lava

No one responded with my answer, so maybe I'm wrong, but I think all prices would go up. The registry systems have helped spark interest. Making the registry systems better and more collector friendly should continue to spark interest. I think both PCGS coins and NGC coins would go up.

tradedollarnut

I don't believe it will affect prices either way. The quality of the coin determines the price for the most part.


Unless of course you decide that burning $40k for a number on a proof cent slab is preferable to putting your child thru college !

boiler78

I don't see how it would effect prices. The whole purpose to have the coin "stickered" vs. cross at any grade is to preserve the NGC grade for potential future sale (and of course NGC registry participation).

I just don't see a seller promoting the fact that the coin carries a lower PCGS registry grade. In the end the coins will still trade in their respective holders.

BTW I don't think a sticker is necessary. They could simply use a PCGS registry number that cross references the NGC cert number.

keoj

I agree that it will not effect prices. The value of a coin is defined (or should be) on the coin itself. An extreme example of this is the price of an ACG versus say an NGC coin in the same grade. However, I am a little concerned about a NGC vs PCGS "arms race" that might ensue where consistency of grading is thrown out the window for market posistioning reasons.

keoj