You called both coins "Coin X" which leads one to believe they are the same coin and the question then being is it better to have it in a PCGS or NGC plastic at a given price.
Excellent think tank, though. I enjoyed it.
Think up some more hyptheticals and let's play some more. Ha.
You called both coins "Coin X" which leads one to believe they are the same coin and the question then being is it better to have it in a PCGS or NGC plastic at a given price >>
Fair point - I should have phrased it differently/better. Please accept my apology.
Mark, I agree it is about the coin and not the plastic, but I believe the sight unseen price (Bluesheet) is the only price you can rely on should you have to liquidate in a poor market. All sight seen bids (Greysheet) require the buyer to inspect the coin and if acceptable to him and him alone, make a bid for the coin.
If you purchase PQ, high eye appeal coins, I believe in most, but not all cases you will be able to find a willing buyer close to Greysheet bid. I'm not sure you can say this in a down market when coin prices are falling and in those cases the only real price you can count on is the sight unseen bid.
I think Maurice Rosen refers to this as net liquidation value.
I don't know about the smart enough part but I do have the experience enough to know that I would take the PCGS coin everytime.
It doesn't mean that it will make the best choice every time but my experience has shown that on average I receive more additional dollars selling PCGS coins compared to NGC coins (of course assuming this question is about money ).
<< <i>Coin X in a PCGS holder has a sight-unseen bid of $2410 and a sight-seen bid of $3000. Coin X in an NGC holder has a sight-unseen bid of $2200 and a sight-seen bid of $2700 >>
First off let me say that a coin with this type of spread would not have been purchased at the sight seen bid in most instances. Probably the coin would have made it into the collection if it would have been offered at $2600/$2700 for the PCGS slab and at about $2300/$2400 for the NGC slab. With that in mind I will still stick with the first reply of NGC and for the same reason that was stated previously. I used your bid numbers for example but this would have applied also if the coin would have been purchased 4 or 5 years ago.
I do not think you would have needed to enter a purcase price for your examples if a person sticks to his/her buying patterns. All you need to know is whether the Market has went Bust or into a Boom. Common sense and a plan are important within this Hobby and Game. All coins are checked when a urge to buy hits. Coins under $100 get less attention than coins over $100 because of the lower loss factor involved. Coins over $100 and upto $300 get more attention and coins over $300 get much more attention and thought.
I will say that within the last 5 years I have deviated from this buying pattern twice and got burnt both times when the coin was replaced or sold.
Without cheating and seeing other posts, the correct answer is PCGS. The cost of the coin is a "sunk" cost. Basically it is not important, the money is gone. The question is which coin will generate more interest, bids and the highest price. The answer given your data is the PCGS holdered coin.
Comments
Your question didn't.
You called both coins "Coin X" which leads one to believe they are the same coin and the question then being is it better to have it in a PCGS or NGC plastic at a given price.
Excellent think tank, though. I enjoyed it.
Think up some more hyptheticals and let's play some more. Ha.
<< <i>Your answer makes sense.
Your question didn't.
You called both coins "Coin X" which leads one to believe they are the same coin and the question then being is it better to have it in a PCGS or NGC plastic at a given price >>
Fair point - I should have phrased it differently/better. Please accept my apology.
If you purchase PQ, high eye appeal coins, I believe in most, but not all cases you will be able to find a willing buyer close to Greysheet bid. I'm not sure you can say this in a down market when coin prices are falling and in those cases the only real price you can count on is the sight unseen bid.
I think Maurice Rosen refers to this as net liquidation value.
"net liquidation value" sounds like "worse case scenario"
It doesn't mean that it will make the best choice every time but my experience has shown that on average I receive more additional dollars selling PCGS coins compared to NGC coins (of course assuming this question is about money
Joe.
"Noone ever made a dollar from a price guide."-anonymous coin dealer
Whoever is careless with the truth in small matters cannot be trusted with important matters.
<< <i>Coin X in a PCGS holder has a sight-unseen bid of $2410 and a sight-seen bid of $3000.
Coin X in an NGC holder has a sight-unseen bid of $2200 and a sight-seen bid of $2700 >>
First off let me say that a coin with this type of spread would not have been purchased at the sight seen bid in most instances. Probably the coin would have made it into the collection if it would have been offered at $2600/$2700 for the PCGS slab and at about $2300/$2400 for the NGC slab. With that in mind I will still stick with the first reply of NGC and for the same reason that was stated previously. I used your bid numbers for example but this would have applied also if the coin would have been purchased 4 or 5 years ago.
I do not think you would have needed to enter a purcase price for your examples if a person sticks to his/her buying patterns. All you need to know is whether the Market has went Bust or into a Boom. Common sense and a plan are important within this Hobby and Game. All coins are checked when a urge to buy hits. Coins under $100 get less attention than coins over $100 because of the lower loss factor involved. Coins over $100 and upto $300 get more attention and coins over $300 get much more attention and thought.
I will say that within the last 5 years I have deviated from this buying pattern twice and got burnt both times when the coin was replaced or sold.
Ken
David