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Do you think this is worth the price differential?

SkyManSkyMan Posts: 9,515 ✭✭✭✭✭
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?


Comments

  • SilverstateSilverstate Posts: 1,537 ✭✭✭
    But,
    the NGC coin might only cross at a ms66.
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  • PlacidPlacid Posts: 11,299 ✭✭✭
    I see the heritage prices realized for that grade are all over the place from a few hundred to several thousand.

    I dont see that very often.
  • SkyManSkyMan Posts: 9,515 ✭✭✭✭✭


    << <i>But,
    the NGC coin might only cross at a ms66. >>



    A) Correct, it might not cross... of course it may too.

    B) Why cross it?

    C) Just look at the coins themselves and judge.
  • ConnecticoinConnecticoin Posts: 13,113 ✭✭✭✭✭
    The NGC coin has spots that I would not want on a 66, much less a 67. Makes me wonder if the spots appeared after it was graded.
  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭
    It's worth every cent if you desperately need it for your registry.
  • ElcontadorElcontador Posts: 7,700 ✭✭✭✭✭
    There is an interesting corollary to the OP. Pay very close attention to grading.

    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.
    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."
  • SkyManSkyMan Posts: 9,515 ✭✭✭✭✭


    << <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.


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  • GemineyeGemineye Posts: 5,374
    The PCGS Jeff is a lot more pleasing to look at than the one the one graded the same from NGC.....
    ......Larry........image
  • lasvegasteddylasvegasteddy Posts: 10,432 ✭✭✭
    there's probably alot to do with fs designation between the 2 services too...
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • SkyManSkyMan Posts: 9,515 ✭✭✭✭✭


    << <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.
  • It is more than just the plastic.

    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.
  • 66RB66RB Posts: 2,516 ✭✭✭


    << <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.
  • CalGoldCalGold Posts: 2,608 ✭✭
    Do I think a one point upgrde is worth $6K for a very very common coin with a big under grade pop? No.

    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

  • fcfc Posts: 12,793 ✭✭✭
    ngc coin had spots that ruin it for me. totally ugly.
    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.
  • GemineyeGemineye Posts: 5,374


    << <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.....
    ......Larry........image
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    21x no not worth it.

    A premium? Yes. apparently someone thought all the other 67's were over graded and this one was accurate and paid accordingly.
  • ajbaumanajbauman Posts: 1,174 ✭✭✭
    Just seems like I need to sell on Heritage instead of eBay!
    Buying £2 Britannias
  • ConnecticoinConnecticoin Posts: 13,113 ✭✭✭✭✭


    << <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.

  • Most of the spots showing ip on the NGC coin are in fact...not on the coins surface. The coin was popped out of an original set and there were lots of little cardboard flakes attached to it. If you saw the coin in the slab.....not only would you realize that 90% of the spots aren't there....the few that remain aren't even noticable....I mean the pictures are blown up about 20X the size of the coin if not more. The NGC coin...of which I was the seller is a bargain compared to the PCGS coin and I think Sy was very wise to buy a coin with very little downside as opposed to paying $6 grand for one.

    The bad news for Sy is that to make up for the difference in the selling price, I charged him $6000 for shipping image
  • SkyManSkyMan Posts: 9,515 ✭✭✭✭✭
    CTCoin, one thing I'm a little interested in, is you mention repeatedly the carbon spotting, but you don't mention the nick by TJ's ear in the PCGS coin. Now, I'll grant you that the NGC coin has a nick ON THE REVERSE IN THE FIELDS, but having the nick on the obverse of the PCGS coin in a prime focal area to me is a major red flag for the grade. Looking at the coins TO ME the technical conditions are about a wash, but the toning is significantly nicer for the PCGS coin.
  • DoogyDoogy Posts: 4,508


    another example of the stupidity regarding the whole Registry Set nonsense.

  • TreemanTreeman Posts: 419 ✭✭✭
    I can remember when Kool-Aid was a nickel a pack... seems the price of Kool-Aid has really gone up!
  • Both coins have distracting carbon spots, the NGC reverse for example. However, the Heritage coin hides them better and has a huge gash accross the temple. The 6k differential is a mystery that is apparent.
  • You mean you can actually see the coin on Ebay? Thats something new!

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