Question about MS67 Lincoln cent

LikesCents

I have been interested in getting a high grade lincoln and found this MS67RD:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=39456&item=3945722978&rd=1

PCGS price guide says $800, yet this is buy it now for $100. I would like to get a good deal, but this seems too good. Why is this so much less than the guide price? and what's it really worth? I have been into circulated lower grade raw cents for some time but am new to slabs and high grades.

sonofagunk

1) just because the price guide states a price, does not mean that it is worth that much
2) NGC and PCGS prices are not always the same. Sometimes they are close, but the difference at the "top pop" stage are usually quite different.

tsacch

Its in an NGC tomb and may not cross to PigCGS plastic....thats why..imho.

tom

coinguy1

An NGC MS67RD sold for $69 in a Heritage auction last month. Another one realized $32 last November. So, even at $100, it's not a good deal.

Price guides are often inaccurate and in this case, whether accurate or not, the Collector's Universe price guide is intended for PCGS coins only.

LikesCents

Thanks for the info. I have lots to learn and I think this forum is the best place!

mnmcoin

List price is for a PCGS coin. You may ask yourself...does it really matter the grading service. On this particular coin, yes it does. On your contemporary coins such as this, a half a point matters a great deal...and in my opinion that is precisely the difference between PCGS and NGC MS67rds. A true 66rd coin in this date is about a $20-$25 coin. A true 67rd in this date is pretty tough, I would say about a four to five hundred dollar coin.

morris <><

coinbuf

The very first problem is that the coin your looking at is not even a 66. look at the obv alone and you'll see two very large hits on the portrant. The rev is close but not full enough; worth about $10-15 bucks at most.

Chris

21Walker

linka dink

LikesCents

Are NGC grades always considered equivalent to a lower PCGS grade, or usually for certain series/grades or just by the coin?

Russ

<< <i>Are NGC grades always considered equivalent to a lower PCGS grade >>



Not always, although the marketplace frequently thinks so. This creates some good buying opportunities from time to time.

Russ, NCNE

100proof1957

"DO NOT GET ME STARTED !"

coppercoins

NGC, especially on modern copper, is known to grade on a more forgiving scale than PCGS. Although both will make mistakes in either direction, it is a general rule in the market to discount higher grade NGC Lincoln cent slabs by one to two points BEFORE looking up the value in the CDN or on the PCGS website, then consider the coin at that price range.

One forewarning - the online PCGS price guide is quite far off of actual values on a number of occasions, and far more than not these differences are optomistic differences in comparison to the actual market.

Coppernicus

Wecome to the boards!

The NGC coin pictured is at best a 66, IMHO, and probably won't even get into a PCGS 66 holder. If it did, it is worth about $21. PCGS 67RDs have sold for $941 and $1,127 on fleabay during the last 2+ years.

I've had several NGC 66RD Lincolns cross into a 66RD PCGS holders, but many more I didn't bother to crack and submit because they wouldn't have made it. You have to be very discriminating on these.

Mike

Shamika

There's a significant hit on Lincoln's cheek bone and the O on the reverse is very weakly struck. Not only would this coin not cross, but I don't think you'd be able to get it back into an MS67 slab at NGC if you were to crack it out.

Shamika

LikesCents,

Drop me a PM. I might have something for you.