NGC vs. PCGS Proof 70 coins

CramptonMotorsports

hello all, I'm newly registered here, been reading for a few months though.

I recently purchased a couple NGC PF 70 Ultra Cameo 2004 Quarters and I was shocked that I actually won the auctions, I figured there was no way I could get them for the price I did and would be sniped, or the seller would back out with some weasely excuse.

I've been following pricing of coins and I never thought a NGC or PCGS 70 coin of any denomination would be in my price range. Let alone 2 within a few days of each other.

What is the difference in pricing between what NGC 70's go for compared to PCGS 70's? Is it because PCGS's pop's are lower, so they're more rare than NGC's? or are NGC's grading not as good as PCGS? I know this is the PCGS forum, and I have PCGS graded coins that I've bought for what NGC graded coins were going for. Why do some coins prices match but not others?

Once I have the funds I'd love to send the coins to PCGS for a crossgrade to see if they're 70's, then my coins would jump in value correct?

Russ

The market perceives NGC to be looser than PCGS in granting the PR70DCAM grade, thus PCGS graded coins bring substantially more.

Welcome aboard!



<< <i>Once I have the funds I'd love to send the coins to PCGS for a crossgrade to see if they're 70's >>



As a matter of company policy, PCGS will not cross PR70 graded coins.

Russ, NCNE

FatMan

Here's a Big Fat Welcome to Ya!

You post answered your own questions. Pops and easier standard for NGC.

Cratylus

Welcome to the message boards. You'll find a whole lot of collectors and dealers who know their stuff around these parts. I hope you stick around for the education and the fun!

TonedCoinTrader

CramptonMotorsports

thank you for the confirmation and the warm welcome!

I guess when it comes to NGC 70's, I'll try not to pay more for them than I would for a PCGS 69 in the future, just incase they are overgraded.

DHeath

CMS,

In theory, I agree with the 70 grade being used, because I believe if we're to use the Sheldon scale, we should legitimately use the full scale. The way it's implemented at PCGS, a 70 coin requires "no defects visible with a 5x glass. A proof-70 coin is 100% free of hairlines, planchet flaws, lint marks, and any other mint-caused or post-strike defects." PCGS's standard for 69 says "The coin will appear perfect to the unaided eye. Upon magnification, one or two minute imperfections (extremely minor hairlines, a previously hidden lint mark, a flake from a planchet, etc.) will be evident. In other words, it's impossible to tell a 69 from a 70 without a glass.

As a matter of curiousity, and please answer only if you feel so inclined, why 70's? I can understand why the services would differentiate 69's from 70's, but I've always wondered why collectors did. Perfection is a cool concept, but once you get past the naked eye, why not 10x? I'm a modern guy, and I love pristine coins, but aren't four or five 69's more fun than one 70?

Please don't construe my question as left-handed criticism. It's not intended that way. Each should collect what they like. I'm just curious. BTW - Welcome aboard.

CramptonMotorsports

I'll be more than happy to put up the auctions, I was hesitant at first when I saw the pics in the auctions, not the greatest quality, but when I realized I could get 70 coins, I went for it. I had only wished that at some point in time I could get a 70 for my collection, but now I have 2! well one's in the mail at the moment.

Hopefully I'll never have to sell my collection, but if I do, I know the higher the grade, the higher the price, and if it's anything like homes, the higher the price, the harder the sell, but when it does, the payoff is worth it. but I have no intention of letting them go anytime soon, especially because I want to get them crossgraded by PCGS at some point.

2004 S Clad Michigan

2004 S Clad Wisconsin

DHeath

Geez, they were pretty cheap. I can see why you didn't mind ponying up for the 70's.

pharmer

Hi, new here myself, good people at this site from what I've seen, wanted to mention my experience with PCGS70 dcam 1c, a few of which I picked up on Teletrade a few years ago when I noticed them for the first time. What struck me was pcgs giving the grade period, so tried for a few dates and got most, for a lot less than they are going for now. Still wonder if that was early in their assigning such a lofty grade, didn't seem like pcgs to me. They sure have gone up since, and I note that ICG coins with pr67 dcam get about 1/100th of the pcgs price now, at least NGC is much better than that. Wonder if they will keep going up.

pharmer

Whoops, meant ICG pr70 dcam, not 67. So that's what preview is for.

DesertRat

Please don't construe my question as left-handed criticism.

Hey! What's wrong with being left handed???

CramptonMotorsports

<< <i>Please don't construe my question as left-handed criticism.

Hey! What's wrong with being left handed??? >>



that's what I'm saying!

DHeath

CramptonMotorsports

I was hoping to get in on one of these, but alas, I was too late.

Deal of the Century!