PCGS -VS- NGC grading
ronday
Posts: 79
I posted this on my website http://tradingslabs.com
But thought I would like some feedback here as well.
Here is my take after considerable thought about the observable differences between NGC and PCGS grading standards.
PCGS: Excellent Lustre and Clean fields seem to be required for any MS65 or Higher grade at PCGS. PCGS rewards target and album toning. They seem to be more tolerant of marks in the design elements and less tolerant of marks in the fields. They seem to define FS/FT/FH less stringently than NGC. The NGC definition seems to require a more fully struck coin to qualify.
Which brings me to NGC grading. In general NGC seems to pay more attention to the entire coin. While they are more tolerant of field imperfections and less lustrious coins they are less tolerant of marks on the design elements and missing strike details.
This difference shows up the most in copper coins where color and luster seem to be WAY more important at PCGS.
Feedback?
But thought I would like some feedback here as well.
Here is my take after considerable thought about the observable differences between NGC and PCGS grading standards.
PCGS: Excellent Lustre and Clean fields seem to be required for any MS65 or Higher grade at PCGS. PCGS rewards target and album toning. They seem to be more tolerant of marks in the design elements and less tolerant of marks in the fields. They seem to define FS/FT/FH less stringently than NGC. The NGC definition seems to require a more fully struck coin to qualify.
Which brings me to NGC grading. In general NGC seems to pay more attention to the entire coin. While they are more tolerant of field imperfections and less lustrious coins they are less tolerant of marks on the design elements and missing strike details.
This difference shows up the most in copper coins where color and luster seem to be WAY more important at PCGS.
Feedback?
0
Comments
I have seen numerous PCGS coins, of grades 65 and higher, that have other than "excellent luster".
<<PCGS rewards target and album toning.>>
I think they reward attractive or beautiful color, other than "target and album toning" as well.
Also, were you talking about all coin types in your post? if not, which ones? Thanks.
Just not possible to sum up the differences between these two grading services without being extremely "in general".
For example, most would probably agree that 'in general', NGC is approximately 1/2 point looser than PCGS. But there are obviously, many many exceptions.
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Mary
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<< <i>I would say that, in general, the two companies grade the majority of coins exactly the same. >>
Maybe in your world, but not in the real world in which most of us reside.
Russ, NCNE
<< <i>
<< <i>I would say that, in general, the two companies grade the majority of coins exactly the same. >>
Maybe in your world, but not in the real world in which most of us reside.
Russ, NCNE >>
As always, I speak from my own experiences. It'd be kinda tough for me to speak from yours.
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Thats their standard and I just do not care for the standard they use.
Ken
The following is the one coin I've sent to NGC that they actually graded. The other 4 were BB for AT.
This example is one of those coins in ultimate quality in strike, condition and eye appeal. The are no marks and they graded it a MS66 and without a star!
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>
The following is the one coin I've sent to NGC that they actually graded. The other 4 were BB for AT.
Leo >>
This would seem to confirm one of my assertions that PCGS rewards toning. NGC seems to have become much more conservative about what they allow as toning.
I started collecting slabbed coins about this time last year. I let my account at NGC lapse and made my first submission to PCGS last month. I crossed three ICG coins (2 mercs and a Jefferson ) that crossed nicely. The two merc's crossed at the same grade, the Jefferson dropped a grade. But I think you could have the same result re-submitting PCGS coins out of their holders. I wouldn't try that with any of the modern ICG coins, but all the ICG merc's I have bought have all crossed at BOTH NGC and PCGS. The others included a NGC cross and some raw coins picked up recently. All in all every coin came back as expected, except for a lone dime that had maybe 4 or 5 extreemly faint hairlines near the cheek, full lustre, full bands .... fully rejected as improperly cleaned. I put it into my Dansco until I determine whether to resubmit to NGC.
I just wanted to than you guys for you feedback on this topic.
Mainly, the lay person's market perception is that sight unseen there is less risk buying PCGS, which might or might not be true (depending on the coin, series, etc.), but it is a perception nevertheless. Incidentally, it is easier to sell a PCGS coin to a lay person because of this perception, or should I say because of this perception the coin might sell for far more than it should. Conversely, the slab flavor an a bourse floor, and to an astute dealer or collector, makes very little difference.
Simply stated, more sophisticated dealers and collectors don't care about the flavor of the slab, or whether it's slabbed at all. It is the more junior people, or lay people in general, that typically pay a premium for one slab flavor over another -- sometimes rightfully so, and sometimes for no good reason at all.
EDITED: PS. I didn't vote because this post is neither right or wrong, but simply your opinion based on your limited (or broad) observations.