Prices Realized PCGS Vs. NGC

ajc

In my very limited scope of collecting, $2.50 Indians, I have noticed the prices of PCGS coins selling for 10-20% more than those of NGC. I konw that there has always been a little difference but within the last few months it seems as though that spread has increased. Has anybody else noticed this in the coins they are interested in?

100proof1957

Well,in my area of collecting its more like 100 % plus

But dont get me started !

ConstellatioCollector

Just some questions to ask yourself........

Do you think that that PCGS is more conservative in their grading?
Do you believe PCGS's grading is correct?
Do you believe that PCGS's graders are more experienced in the field of grading, whether it be colonials, moderns, etc?

If you replied YES to all of these then you have your answer. If you say NO then you believe the other grading services are correct in their grades.

I believe that you will find at least 10-20% favor PCGSs garding services.

ajc

I stopped buying NGC coins for $2.50 indians if that answers your questions Although I can't say for a fact that PCGS graders are better than any other services graders, rather their grading criteria might be different. I would say that in general, PCGS seem more conservatively graded.

TerrapinWill

I have a question about the difference in prices realized.....

If because of fee increases @ PCGS , more coins were submitted to NGC...could the difference narrow some......or should I just pony up the extra cash and sign up here????

ConstellatioCollector

ajc,

Funny you should say that... I have heard that there has been at least one grader that has relocated from PCGS to NGC. What does that do to the equation?

CC

ajc

<< <i>ajc,

Funny you should say that... I have heard that there has been at least one grader that has relocated from PCGS to NGC. What does that do to the equation?

CC >>



Like I said, I don't know if it is the graders are better than any other service but the companies criteria for grading are different. There are members on this board that could probably beat out many of the graders at any of the TPG's and you can see that in the crackout artists. They seem to know what they are doing.

ajc

<< <i>I have a question about the difference in prices realized.....

If because of fee increases @ PCGS , more coins were submitted to NGC...could the difference narrow some......or should I just pony up the extra cash and sign up here???? >>



This very well might have answered my question. If everybody is going to NGC, the supply of NGC graded coins should be increasing over those of PCGS and hence the recent prices.

Deadhorse

The differences are narrowing as we type but the fact remains that we are talking about 30-70% on prices realized depending on the coins involved.

Just today I submitted a 56 Cam, perhaps DCam proof Washington. I gave it a little thought and while I'm not sure if either will designate DCam/UltraCam, it is absolutely a frosty Cam with black mirrors. My feeling is that PCGS will give it a 66 grade, NGC might well give it a 67. It really is a perfect coin, not a flaw or blemish to be found.

My choice for the slab? PCGS

I do intend to resell it as soon as it comes back and I feel I'll get more for a 66 Cam in PCGS than I will for a 67 Cam in NGC.

MFH

Regarding PCGS & NGC coins selling at varying amounts, I have noticed that NGC Standing Liberty quarters sell - usually - for what PCGS coins sell for , but one point lower ( IE: NGC 66 $ = PCGS 65 $ ). As my focus is on full head SLQ's, NGC is a bit liberal with this designation, whereas PCGS is usually much stricter; I have found many borderline FH's in PCGS FH capsules, but far fewer than I have found in NGC holders.

Buying the coin, instead of the holder, will always result in a wise purchase. Alot of collectors recognise this and if a nice coin is in an NGC holder, at a discount price, then it very well make sense to crack it out and resubmit it to PCGS. But you really, really got to know what you're doing, or you could loose your shirt on this crack out game. ..............Just my ramblings..........

Elcontador

A lot depends on the particular series. Another thing which is just as important is perception. A while back, NGC slabbed a lot of technically graded butt-ugly Unc. type coins. People saw these coins, and consequently, the perception was that PCGS type, compared to NGC type of the same grade, was more attractive than the NGC material. Practically speaking, I did see more ugly coins in NGC than PCGS holders. I don't believe this to be true with type silver coinage that is being graded today.

However, I still contend that this is still true when looking at Shield and Liberty Nickels, and post 1835 copper.

Mike knows his SLQs. It's also one of my favorite series, but you can pick up nice ones in NGC holders at a discount if you're patient and look at a lot of them.

A really attractive coin will sell itself, given the right venue. I can't comment re crack-outs. I submit very little, and do not believe that grading is consistent as I would like it to be (if it wasn't this way, we wouldn't have all of the resubmissions, would we?)

LeeG

A coin with "Eye Appeal" will sell itself. Doesn't matter the holder. Lee