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The power of plastic

rainbowroosierainbowroosie Posts: 4,874 ✭✭✭✭
There are two (one PCGS, one NGC) 1937 D Mercs in 67 FB in tonight's Teletrade auction.....check the prices....then check the coins....any comments?????imagelink 1 link 2
"You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68."
rainbowroosie April 1, 2003

Comments

  • TONEDDOLLARSTONEDDOLLARS Posts: 2,928 ✭✭✭✭
    I can not believe the difference in price right now 6:45pm
  • coinbufcoinbuf Posts: 11,290 ✭✭✭✭✭
    Yep thats why I buy more NGC slabs than PCGS.


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  • RussRuss Posts: 48,514 ✭✭✭
    I see similar disparity all the time in the early date Kennedys. It creates opportunities.

    Russ, NCNE
  • ridiculous...
  • Catch22Catch22 Posts: 1,086 ✭✭
    If that doesn't demonstrate the effects of market grading and set registry, I don't know what does. Not to mention the fact that PCGS graded coins almost always command higher premiums than the competition.


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  • relayerrelayer Posts: 10,570

    It's the perception that PCGS is a tougher grader than NGC.

    Probably both coins are 67FB at either service, which makes the NGC coin a much better value.
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  • MyqqyMyqqy Posts: 9,777
    It creates opportunities.

    I totally agree- I think sometimes people are just paying more for a reputation, and not a quality difference in the coin.... image
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  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    the PCGS coin is a woofer......or even a sub-woofer.

    roadrunner
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  • msch1manmsch1man Posts: 809 ✭✭✭✭
    Wow!!!! I don't know how much they pay whoever is in charge of marketing at PCGS, but I would say that they are worth every penny.
  • lordmarcovanlordmarcovan Posts: 43,530 ✭✭✭✭✭
    That's a really good illustration of the point (at least, at the price levels as of this post- $120 for the NGC coin and $280 for the PCGS). Even if the coins were of equal eye appeal, that would be quite a price spread. But they aren't. The PCGS coin has ugly toning, in my opinion, and the much-cheaper NGC coin has gemmy luster which reaches out and grabs the eye.

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  • stmanstman Posts: 11,352 ✭✭✭✭✭
    Yeah but, but, the PCGS one is "Rainbow." Guess you guys forgot about that.image
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  • flaminioflaminio Posts: 5,664 ✭✭✭
    How about this "power of plastic"?

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  • lordmarcovanlordmarcovan Posts: 43,530 ✭✭✭✭✭
    The California half thing is freakin' bizarre.

    Maybe people just like ugly coins.

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  • << <i>Probably both coins are 67FB at either service >>



    Take a very close look at the bands.
  • ElcontadorElcontador Posts: 7,523 ✭✭✭✭✭
    Apparently, in some circles, splotchy, turd-colored toning commands a strong premium, assuming this isn't shill bidding. Apparently, some like this toning so much, that they don't care whether or not the coin has full bands (doesn't look like it to me).

    FWIW, a number of people I consider to be "in the know" have told me that dealers have a harder time selling Mercs & SLQs in NGC vs. PCGS holders. Personally, I think this NGC coin says, "buy me," while the 'toned' coin wants to be back in the toilet bowl with his buddies.
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  • rainbowroosierainbowroosie Posts: 4,874 ✭✭✭✭
    The California Half threesome is indeed wierd!!!
    "You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68."
    rainbowroosie April 1, 2003
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    That PCGS coin is butt ugly too!
    theknowitalltroll;
  • jeffnpcbjeffnpcb Posts: 1,943
    The grades may be solid, but I don't care for the splotchy toning on the PCGS coin. Hard to tell, but I would have to go with the NGC and let review handle the other one.
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  • RussRuss Posts: 48,514 ✭✭✭
    The middle bands on the PCGS example don't even look fully separated.

    Russ, NCNE
  • CladiatorCladiator Posts: 18,041 ✭✭✭✭✭


    << <i>I think sometimes people are just paying more for a reputation, and not a quality difference in the coin.... >>


    image

    BUT...the fat lady hasn't sung yet, will be interesting to see how the final selling prices compare.
  • dorkkarldorkkarl Posts: 12,691 ✭✭✭
    i think the pcgs coin was shill bid - it didn't sell

    K S

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