An MS67 1932 RD Lincoln Cent - two questions...

dan1ecu

Here it is...

1932 RD 1C

First, what's wrong with the slab? Why is it discolored?

Second, why the discrepancy in prices between PCGS and NGC? In general, is there a difference in quality between the two services when it comes to Lincoln Cents of a given grade and/or color designation?

Thanks,

Dan

haletj

<< <i>is there a difference in quality between the two services when it comes to Lincoln Cents of a given grade and/or color designation >>



Yes. I'm sure any coin 30-35 that is in an ngc ms67 holder would be in a pcgs holder if the quality was good enough. I've often seen ngc ms67 30-s's or 35-s's at shows and no one would touch them. A pcgs ms67 of these is worth at leat $20K or a lot more.

centmaster

Exactly. When I see any high grade early Lincoln of any date in an NGC holder, I immediately am biased against the coin before I take my first look. You have to think why is it not in a PCGS holder. Usually (I would say more than 98% of the time) it becomes obvious why it isn't in a PCGS holder when I take a first look. They are usually overgraded by at least a full point or even cleaned. Sometimes the cleaning isn't obvious when the coin is encapsulated, but I think PCGS is better at weeding those out, which is why it continues to be #1. NGC has gotten a little better since they started guarenteeing copper, though.

midwestcoin13

<< <i>Second, why the discrepancy in prices between PCGS and NGC? >>



Because people will pay more for PCGS because in there heads they are better.I call it dumb but hey it's there money.

clackamas

<< <i>

<< <i>Second, why the discrepancy in prices between PCGS and NGC? >>



Because people will pay more for PCGS because in there heads they are better.I call it dumb but hey it's there money. >>



That is a silly statement and wrong. PCGS coins, on average are better (for Lincoln's). I have NGC MS67RD coins in my collection and most are not as nice as my PQ MS66RD PCGS coins. They grade on a different standard and the price reflects this. In a free market price discrepancies are quickly taken advantage of for profit, the market is efficient. It is dumb to think that those of us that now the series would not see this crack the coins out until the market corrected. If NGC coins were equal (in Lincoln's) then don't you think that every dealer and their kids would be bidding them up for the "easy" money?

For instance I sold an MS67RD NGC 1970-S LD last week. The coin, IMO, would grade MS65RD at PCGS. It went for $50 which was rather good for the coin since it is a $5 coin in a PCGS 65RD holder.

midwestcoin13

<< <i>

<< <i>

<< <i>Second, why the discrepancy in prices between PCGS and NGC? >>



Because people will pay more for PCGS because in there heads they are better.I call it dumb but hey it's there money. >>



That is a silly statement and wrong. PCGS coins, on average are better (for Lincoln's). I have NGC MS67RD coins in my collection and most are not as nice as my PQ MS66RD PCGS coins. They grade on a different standard and the price reflects this. In a free market price discrepancies are quickly taken advantage of for profit, the market is efficient. It is dumb to think that those of us that now the series would not see this crack the coins out until the market corrected. If NGC coins were equal (in Lincoln's) then don't you think that every dealer and their kids would be bidding them up for the "easy" money? >>



I was making more of a broad general statement.

clackamas

All that being said that looks like a nice coin and I would bid strong 66 money for it.