Do you think this is worth the price differential?
SkyMan
Posts: 9,508 ✭✭✭✭✭
It is amazing what a little plastic will do.
Yesterday a 1958-D NGC MS67 5FS Jefferson went up for sale on eBay, and a 1958-D PCGS MS67 FS sold at the Heritage FUN auction. IMO, judging STRICTLY from the images, the Heritage TJ has significantly better toning, and a technically better reverse. OTOH, the nick by TJ's ear on the obverse on the Heritage TJ is much more obtrusive than anything on the obverse of the eBay one, and is in a prime focal area to boot.
The Heritage coin went for $6,325. Yes, WELL OVER SIX THOUSAND DOLLARS!!! The eBay one went for $306. You tell me, do YOU think that the Heritage coin is worth TWENTY ONE TIMES the eBay one?
Here's the link to the Heritage one:
PCGS MS67FS
and here's the eBay one:
NGC MS67 5FS
I'm sorry, but the price paid for the PCGS coin seems lunacy to me, and the price for the NGC coin seems reasonable. What do you think?
Yesterday a 1958-D NGC MS67 5FS Jefferson went up for sale on eBay, and a 1958-D PCGS MS67 FS sold at the Heritage FUN auction. IMO, judging STRICTLY from the images, the Heritage TJ has significantly better toning, and a technically better reverse. OTOH, the nick by TJ's ear on the obverse on the Heritage TJ is much more obtrusive than anything on the obverse of the eBay one, and is in a prime focal area to boot.
The Heritage coin went for $6,325. Yes, WELL OVER SIX THOUSAND DOLLARS!!! The eBay one went for $306. You tell me, do YOU think that the Heritage coin is worth TWENTY ONE TIMES the eBay one?
Here's the link to the Heritage one:
PCGS MS67FS
and here's the eBay one:
NGC MS67 5FS
I'm sorry, but the price paid for the PCGS coin seems lunacy to me, and the price for the NGC coin seems reasonable. What do you think?
0
Comments
the NGC coin might only cross at a ms66.
Gardnerville, NV
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I dont see that very often.
<< <i>But,
the NGC coin might only cross at a ms66. >>
A) Correct, it might not cross... of course it may too.
C) Just look at the coins themselves and judge.
U.S. Type Set
The OP reiterates the important point that how a coin is graded will determine its value, and sometimes, the value of one grade higher on the slab can make said coin worth many multiples of the value of the same coin, albeit in a slab that is graded one point lower.
The flip side is the degree of variation one can find in the same coin of the same grade, graded by the same grading service. I don't know anything about Jefferson Nickels, but I've looked at a fair number of Unc. Classic Large Cents. In February, I saw two 1814 Large Cents, both graded MS 64 BN by the same first tier grading service.
The difference between the two coins was frightening. If the owner of the nicer coin offers it to me, I'll buy it, period. How much? Fine, here's a check (yes, the coin is THAT nice). The other coin looked like Miss Liberty had the bubonic plague, and at best, I think should have been net graded. I wouldn't want the other coin in my collection at any price.
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>The NGC coin has spots that I would not want on a 66, much less a 67. >>
Look at the carbon spots on the PCGS coin.
<< <i> Makes me wonder if the spots appeared after it was graded. >>
Read the sellers post. They were pre-existing carbon spots.
U.S. Type Set
<< <i>The PCGS Jeff is a lot more pleasing to look at than the one the one graded the same from NGC..... >>
I'm not disagreeing, if I was given either coin I'd certainly prefer the PCGS coin, however, my question is, "Do you think it is worth 21 times as much?" I'd certainly pay 3 to 5 times as much, but beyond that, no way.
EDITED TO ADD: And the reason I would pay 3-5 times as much has to do with the toning, not the technical difference, which while clearly in favor of the PCGS coin is IMO not that significant. As to LVT's comment about the steps, look at the pictures.
U.S. Type Set
The NGC coin was sold on eBay.
The PCGS coin was sold on Heritage.
The Heritage coin was able to bid viewed by bidders first.
In any case, both were auctions and given the parameters that the auction venues provided, I see no reason to be shocked in either case.
<< <i>there's probably alot to do with fs designation between the 2 services too... >>
Yup.....NGC is much stricter in regards to the steps.
Lincoln set Colorless Set
But in this case I find myself shaking my head more over someone paying $300 for the NGC coin with the carbon problems on the obverse and what I see as an eye appeal killing spot on the first pillar on the reverse. Why pay for a FS coin, which calls for a loupe to verify, when its got a big, active, carbon spot growing right up in your face?
CG
the pcgs coin have a better overall look to it.
with that said, i think the price paid for the pcgs coin is simply stupid.
<< <i>
<< <i>The PCGS Jeff is a lot more pleasing to look at than the one the one graded the same from NGC..... >>
I'm not disagreeing, if I was given either coin I'd certainly prefer the PCGS coin, however, my question is, "Do you think it is worth 21 times as much?" I'd certainly pay 3 to 5 times as much, but beyond that, no way.
EDITED TO ADD: And the reason I would pay 3-5 times as much has to do with the toning, not the technical difference, which while clearly in favor of the PCGS coin is IMO not that significant. As to LVT's comment about the steps, look at the pictures. >>
I agree that's quite a bit to pay for a Jeff.I think there's more there to the label than the coin.The coin is worth whatever one would pay to achieve it for their collection.I seems properly graded.I would not pay that price though.....
A premium? Yes. apparently someone thought all the other 67's were over graded and this one was accurate and paid accordingly.
<< <i>The NGC coin has spots that I would not want on a 66, much less a 67.
Look at the carbon spots on the PCGS coin. >>
The carbon spots on the PCGS coin appear smaller much less distracting than on the NGC coin. Also, the spot on the reverse of the NGC coin is a whopper.
<< <i> Makes me wonder if the spots appeared after it was graded.
Read the sellers post. They were pre-existing carbon spots. >>
Then the grade awarded by NGC was a HUGE gift.
The bad news for Sy is that to make up for the difference in the selling price, I charged him $6000 for shipping
U.S. Type Set
another example of the stupidity regarding the whole Registry Set nonsense.