Options
NGC - PCGS ???
upnorth1973
Posts: 81
how come at auction a coin graded by pcgs brings in triple or more than an identicle item in a ngc holder?
for instane on teletrade there is a coin in a ngc holder for 160.00 at proof 70 and in a pcgs holder same grade but 2800.00. How can there be that much of a difference?
for instane on teletrade there is a coin in a ngc holder for 160.00 at proof 70 and in a pcgs holder same grade but 2800.00. How can there be that much of a difference?
0
Comments
Russ, NCNE
Michael
https://www.ebay.com/mys/active
None of that makes any sense.
Got quoins?
<< <i>NGC gives the MS/PR 70 grade to moderns with much greater frequency >>
Really? Where's the stats to back up that claim? Go compare the pops for PCGS PR70 Ikes vs. NGC PF70 Ikes.
There are many many series where PCGS is much more lenient towards 70s than NGC.
While I'm not trying to start another NGC vs. PCGS war, each company is lenient towards 70s at different times and for different series as well as different years.
The fallacy that NGC is more lenient then PCGS towards 70s in ridiculous. Actually the grade of 70 is ridiculous in itself.
Unless you want to be a Registry winner, buy a high end 69 and be done.
Michael
a 70 grade, it is as if the heavens have opened and poured forth gold upon the earth.
Camelot
https://www.ebay.com/mys/active
If I were buying Franklins with FBL's sight unseen, I'd go with NGC all day long.
If I were buying MS67 Lincolns sight unseen, I'd prefer PCGS.
<< <i>Really? Where's the stats to back up that claim? Go compare the pops for PCGS PR70 Ikes vs. NGC PF70 Ikes.
There are many many series where PCGS is much more lenient towards 70s than NGC. >>
Michael,
That's a nice try, and may even work with those who don't know that NGC refused to grade moderns at all for quite some time, and thus came to the game much later than PCGS. Of course PCGS will have more PR70 graded coins for earlier series such as Ike Dollars.
Compare pops for series minted after NGC started grading moderns and you'll find that they have granted the grade to far more than PCGS.
Russ, NCNE
<< <i>Compare pops for series minted after NGC started grading moderns and you'll find that they have granted the grade to far more than PCGS. >>
I suppose I could do a statistical analysis of the total number of 70s by denomination, by year, by MS and PR categories, factoring in when PCGS started and when NGC started subtracting the number of inside deals both NGC and PCGS has had with major submitters, ie HSN and Tulving, divided by the number of 70s made by pure collectors and come to a final understanding of which company is more lenient towards 70s.
But, that's a bit much to do. My whole point is that 70 is a BS grade, its a registry grade. Just realize that, is my advice. If you have the $$$ to spend on BS PCGS's 70s as compared to BS NGC PF70s more power to ya.
I own several NGC PF70s and they are a wee-bit better than 69s. I've seen PCGS PR70s and they are a wee-bit better then 69s. Some 70s in each company's slabs are no better than 69s. Thats why I say buy the coin, not the plastic.
If your ego wants a top set, that's fine. I got four of them at NGC. I have a little piece of paper that says its the best. Big deal, now that I have them. Sure I'll keep them and each year I'll get four more certificates and if I ever get a parakeet, I can line his cage with them.
My feeling is don't waste the $$$$ on an ultra high grade modern. Not because they are bad investments. I'm sure someone will come right along behind you and pay 20% more than you did for your PCGS PR70. But, for $2800.00 you can have a great classic. Buy the NGC 70, pocket the $2640.00 and buy a really nice bust half dollar in mint state.
No offense to anyone that loves PCGS 70s, or wants to collect them.
Michael
<< <i>While I'm not trying to start another NGC vs. PCGS war, each company is lenient towards 70s at different times and for different series as well as different years. >>
They're both more lenient towards 70s than ANACS. When was the last time you saw an ANACS 70?
Your response to me, complete with your little mini rant and discussion of ego, is fascinating in light of the fact that you own PR70 graded coins. I don't. Never have. Never will.
Russ, NCNE
“for instane on teletrade there is a coin in a ngc holder for 160.00 at proof 70 and in a pcgs holder same grade but 2800.00. How can there be that much of a difference?”
This seems to be a pretty extreme example but PCGS slabs do bring more, their reputation is that they are just much tougher? Who can say if that is good or bad, but the populations are much smaller in nearly all PCGS verses NGC cases.
“Some people buy plastic, others buy coins......”
This should always be true but since a huge percent of coin buys these days are via pictures only , you have to rely on the slabs if you want slabs, and in many cases you can not tell the very fine details of an NGC slab over a PCGS by pictures alone.
“NGC gives the MS/PR 70 grade to moderns with much greater frequency,(at the moment anyway) so PCGS 70 coins carry much more prestige, and much higher prices.”
This is also true but in many cases many moderns that are PCGS 69 get cracked out and return as 70’s.
I have many PCGS 69 coins that even under 10x power there is no reason that they should have not been 70’s. PCGS claims that they do not hold top pop 70’s down when grading but, my guess is that they do for moderns.
I'm not saying DON'T ever buy a 70. Everyone should collect just want they want for their own reasons. I have my 4 ego proof sets @ NGC. But at least I admit that's why I have them. I don't think I'll lose any money, most we're very inexpensive. And some day I'll sell them. And probably buy a nice toned Peace $ with the money.
And I respect your decision never to buy a 70. My mini-rant wasn't intended to allude to the fact that I think you own 70s. I always assumed you didn't.
Michael