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Washington grading NGC vs. PCGS.
mgoodm3
Posts: 17,497 ✭✭✭
I was looking at David Lawrence and saw big price differences between Ms67's with PCGS or NGC slabs. Eg. 1940 Washington NGC 67 - $275, 1940 PCGS 67 - $890. It seemed to be across the board for multiple dates and MM's. Is NGC that much less conservative?
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This in itself, does not prove that PCGS is stricter, as it is possible that the overall quality of those sent to NGC for grading was better than that which was submitted to PCGS. But, the figures at least make it appear that PCGS was stricter. Overall, prices realized in public auctions seem to bear that out.
Other factors to consider:
It is a near certainty that some of the NGC examples will be superior to the PCGS ones and vise-versa.
Sometimes coins certified by one grading service bring higher prices than those graded by another, due to their marketing.
Sometimes the demand (for inclusion in registry sets, etc.) is simply greater for coins graded by a particular grading company. That demand might be on a sight-unseen basis, a sight-seen basis or both.
1935 635 1175
1936 1400 2550
1937 680 1050
1937S 2360 6850
1938 1050 2960
1940D 2000 4350
1943 268 890
1944 200 1125
1947 190 790
1948 135 815
1949D 190 1625
For what it's worth.
Please, don't yell at me.
I have, in the past 2 years, submitted 7 NGC Washington's. to PCGS.
One, I left in the slab. Requested a cross at any grade. returned, as MS65. One point lower.
The other's, a mix, but all 40's, and cracked out first... Not a single one was returned at the same grade. They all dropped 1 point.
I'm not happy about the grades, but it reinforces some posts above.
The NGC grade of MS67, seems to be the breaking point.
As I have zero Washington's, in MS67 PCGS holders, I can't make any comparisons.
PCGS 66. One NGC 65 DNC and one NGC 67 DNC and that did not surprise me at all. I figured that
would be the case going in. Just like those 32-D's that upgraded...I guess it's the way I pick
coins....most of my set is undergraded! I've seen PCGS 64's that look every bit as good as 66s.
I've seen flawless 66s that by all rights should be 67s and 67s that have left me scratching my head
wondering , "What the"...with an obvious present day bias towards original Mint Set
toning! Just go to some of the top sets and look at the pix. There are some real nice NGC 67 coins but
obviously the standard here is not the same as across the street! I'll say it till I die. BUY THE COIN!
Not a number. The numbers eventually will take care of themselves. Forget the slab-and just look
at the coin. If it pleases your eye....BUY IT! Trust your insincts and your 5X and loupe! Eye appeal!
Hoot
once i crack em out, i forget about the plastic grade anyway (if i even ever looked at it).
K S
"As always buy the coin."
Wonderful words of wisdom.
ManOfCoins
"The difference between Ngc quality and Pcgs in quality is tremendous at the ms 67 level"...."The demand is higher because the quality is so much better"
Give me a break. Since I haven't ranted about this in a while let me vent. Even if the NGC 67 is an accurately graded 66 by PCGS standards there won't be "tremendous" differences between the two coins. Even given the differences in the grading standards each company uses by definition both coins have to have a very small number of miniscule marks (with no more than two or three in a prime focal area), brilliant luster and a bold strike. There are not tremendous differences between accurately graded 66's and 67's and if you pay huge premiums you're paying them for those miniscule difference between the two coins.
First POTD 9/19/05!!
Yes, a thousand times yes.