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Grading Question-Is PCGS grade wrong??

woodyscoinswoodyscoins Posts: 2
in U.S. Coin Forum
I purchased this coin from a major auction house as EX 40. I sent it to PCGS and they graded it VF 35. Should I crack it out and send it to NGC and hope they grade it EF 40 or just be happy with the grading from PCGS??

www.coinbug.com/woodyscoins
See all my coins on CoinBug.com

Comments

  • savoyspecialsavoyspecial Posts: 7,297 ✭✭✭✭
    grades (even those assigned by TPGs) are opinions......there is no "wrong" grade

    www.brunkauctions.com

  • zeus135zeus135 Posts: 1,043 ✭
    Nice coin!

    This is one of those topics that there are quite a few different opinions. Mine is: Keep it as it is. I prefer PCGS graded coins to NGC's. If indeed it is a PQ V35 (I haven't had much exposure to this type), then it will carry a premium anyway if / when you decide to part with it.

    Just my opinion.
    My humble '63 mint registry set, not much, but it's mine!
  • 291fifth291fifth Posts: 24,513 ✭✭✭✭✭
    Leave it as it is. A coin like that will find its proper price.
    All glory is fleeting.
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Coin is worth more in PCGS 35 plastic then NGC 40 plastic anyway.
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • MisterBungleMisterBungle Posts: 2,308 ✭✭✭

    Cool coin!!

    I agree with the "leave it where it is" people.

    ~


    "America suffers today from too much pluribus and not enough unum.".....Arthur Schlesinger Jr.

  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭


    << <i>Coin is worth more in PCGS 35 plastic then NGC 40 plastic anyway. >>



    Hey Broadstruck,

    Can you share with me the going rates, or prices realized for PCGS 35's vs NGC 40's for this variety?
    Some coins are just plain "Interesting"
  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    image
    Becky
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Welcome aboard.... Cheers, RickO
  • rainbowroosierainbowroosie Posts: 4,875 ✭✭✭✭
    That is VERY nice for a 35.
    "You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68."
    rainbowroosie April 1, 2003
  • OldnewbieOldnewbie Posts: 1,425 ✭✭
    CAC it or Crack it!
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>

    << <i>Coin is worth more in PCGS 35 plastic then NGC 40 plastic anyway. >>



    Hey Broadstruck,

    Can you share with me the going rates, or prices realized for PCGS 35's vs NGC 40's for this variety? >>



    When the Lord Baltimore Shilling have crossed the podium within the same auction or same month in both NGC or PCGS the PCGS examples have hammered on average 15% higher even if the NGC example was 5 points higher.

    Your Shilling is in the right Plastic as is, and I wouldn't worry about it having described as a raw XF40 in an auction listing.

    image

    image

    image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • Jody526Jody526 Posts: 296 ✭


    << <i>I sent it to PCGS and they graded it VF 35. Should I crack it out and send it to NGC and hope they grade it EF 40...? >>



    Absolutely.
    There's no reason why everyone shouldn't profit from your ignorance.
    Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery?
    Forbid it, Almighty God!
    I know not what course others may take; but as for me, give me liberty, or give me death!
    ~PATRICK HENRY~
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Maybe the auction house was over grading so you would over pay. As for the pictures I can not tell the grade from them but I am not a expert in the series. But just maybe the graders at PCGS that saw the coin would know more about it than I and had a better view and no monetary interest in it and gave it a fair shot.
    image

    PS it is a wildly held view that owership adds a grade to most coins, so your 35 can still be thought of as a 40 if you want.
    And imageto the boards.
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Just be glad it made it into a PCGS holder and didn't BB. image

    It's a great looking example and mighty PQ for the grade in my eyes! imageimage
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • ksteelheaderksteelheader Posts: 11,777 ✭
    image+ image
  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭


    << <i>image+ image >>



    Hey Ken,
    I swear that the KoolAid is consumed by some in the same quantities that you and I enjoy a nice cold draft.image


    edited to add: I would leave this piece in the PCGS plastic also, but for different reasons.
    Some coins are just plain "Interesting"
  • Wolf359Wolf359 Posts: 7,658 ✭✭✭


    << <i>Coin is worth more in PCGS 35 plastic then NGC 40 plastic anyway. >>



    Give the guy a break. He was trying to hit a Home Run, has to settle for a Double and has every right to pout and blame everyone else.
    Multi-channel listings of coins and inventory management

    Free Trial
  • Steve27Steve27 Posts: 13,275 ✭✭✭
    Based on the picture in the Red Book, which I believe is an uncirculated example, yours is lacking a lot of hair detail. Thus, unless the strike tends to be poor on these, VF seems reasonable.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • FrankcoinsFrankcoins Posts: 4,571 ✭✭✭
    PCGS 35 is worth more, especially since PCGS is reaching out to the European collector market. I think many dealers and Club members got a copy of a German language coin magazine early in the year featuring PCGS.
    Frank Provasek - PCGS Authorized Dealer, Life Member ANA, Member TNA. www.frankcoins.com
  • ksteelheaderksteelheader Posts: 11,777 ✭


    << <i>

    << <i>image+ image >>



    Hey Ken,
    I swear that the KoolAid is consumed by some in the same quantities that you and I enjoy a nice cold draft.    image


    edited to add: I would leave this piece in the PCGS plastic also, but for different reasons. >>



    It seems that way!!image
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    From my experience there is not much of a price difference between 35 and 40 in most series. I'd keep it where it is.

    I have seen coins graded AU58 at NGC come back as AU50 from PCGS. It is just an educated opinion. PCGS seems to be more consistent in theirs than others.
  • ksteelheaderksteelheader Posts: 11,777 ✭


    << <i>From my experience there is not much of a price difference between 35 and 40 in most series. I'd keep it where it is.

    I have seen coins graded AU58 at NGC come back as AU50 from PCGS. It is just an educated opinion. PCGS seems to be more consistent in theirs than others. >>



    More consistent, or grading to a different standard?
  • mozinmozin Posts: 8,755 ✭✭✭
    Leave it in the PCGS holder. I agree it is worth more in a PCGS 35 than in an NGC 40, maybe almost as much as NGC 45. NGC grading in so inconsistent that many of us have become extra cautious when buying NGC holdered coins.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • ksteelheaderksteelheader Posts: 11,777 ✭
    image
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Leave it in the PCGS holder. I agree it is worth more in a PCGS 35 than in an NGC 40, maybe almost as much as NGC 45. NGC grading in so inconsistent that many of us have become extra cautious when buying NGC holdered coins. >>



    Not only that but in the last year or so anything in a NGC holder makes me wonder if it made a quick pit-stop at NCS for a bit of enhancement image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>image >>



    ksteelheader, your a piece of work... I mean that as a compliment! image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    image
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • tahoe98tahoe98 Posts: 11,388 ✭✭✭




    .............image coin


    .............leave it be.


    ..............image
    "government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
  • BECOKABECOKA Posts: 16,961 ✭✭✭


    << <i>

    << <i>From my experience there is not much of a price difference between 35 and 40 in most series. I'd keep it where it is.

    I have seen coins graded AU58 at NGC come back as AU50 from PCGS. It is just an educated opinion. PCGS seems to be more consistent in theirs than others. >>



    More consistent, or grading to a different standard? >>



    Good point, different standard is a good way to say it. That is a problem in it self. All major TPGs should have one agreed upon standard.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,458 ✭✭✭✭✭
    If it fits into your collection, who cares ? Grading is subjective and pricing is selective. The grade isn't wrong, neither is the opinion. A point or two between companies isn't unusual, either.
  • ksteelheaderksteelheader Posts: 11,777 ✭


    << <i>

    << <i>

    << <i>From my experience there is not much of a price difference between 35 and 40 in most series. I'd keep it where it is.

    I have seen coins graded AU58 at NGC come back as AU50 from PCGS. It is just an educated opinion. PCGS seems to be more consistent in theirs than others. >>



    More consistent, or grading to a different standard? >>



    Good point, different standard is a good way to say it. That is a problem in it self. All major TPGs should have one agreed upon standard. >>



    Exactly!!




















  • YaHaYaHa Posts: 4,220 ✭


    << <i>I purchased this coin from a major auction house as EX 40. I sent it to PCGS and they graded it VF 35. Should I crack it out and send it to NGC and hope they grade it EF 40 or just be happy with the grading from PCGS??

    www.coinbug.com/woodyscoins >>




    YOu are lucky you got it PCGS 35. Also don't listen to these PCGS hoarders. NGC graded coins are just worth as much as PCGS or ICG. Learn and buy the coin for what it is not what someone says it is.


    PCGS= Macys. NGC=Sears ICG=Walmart. Don't beleive in the Price guide crap that is a tool to make the smart one rich.image
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>

    << <i>I purchased this coin from a major auction house as EX 40. I sent it to PCGS and they graded it VF 35. Should I crack it out and send it to NGC and hope they grade it EF 40 or just be happy with the grading from PCGS??

    www.coinbug.com/woodyscoins >>




    YOu are lucky you got it PCGS 35. Also don't listen to these PCGS hoarders. NGC graded coins are just worth as much as PCGS or ICG. Learn and buy the coin for what it is not what someone says it is.


    PCGS= Macys. NGC=Sears ICG=Walmart. Don't beleive in the Price guide crap that is a tool to make the smart one rich.image >>



    Does ANACS = KMart... are their new holders Blue Light Specials imageimage
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • ksteelheaderksteelheader Posts: 11,777 ✭


    << <i>

    << <i>

    << <i>I purchased this coin from a major auction house as EX 40. I sent it to PCGS and they graded it VF 35. Should I crack it out and send it to NGC and hope they grade it EF 40 or just be happy with the grading from PCGS??

    www.coinbug.com/woodyscoins >>




    YOu are lucky you got it PCGS 35. Also don't listen to these PCGS hoarders. NGC graded coins are just worth as much as PCGS or ICG. Learn and buy the coin for what it is not what someone says it is.


    PCGS= Macys. NGC=Sears ICG=Walmart. Don't beleive in the Price guide crap that is a tool to make the smart one rich.image >>



    Does ANACS = KMart... are their new holders Blue Light Specials imageimage >>



    Hmmmmm, lighted slabs. Who will have the first one??image
  • jdimmickjdimmick Posts: 9,742 ✭✭✭✭✭
    Dont worry about the grade listed, its in PC plastic and the coin will sell it self when the time comes
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    I would not worry too much, it is the only coin that slabbed of the 200 plus you have listed. For those that may not of noticed but the hot link in the OP profile is a rather extensive dealer listing of RAW coins.
    Interesting that you lurked for a year and then come on with your first post bashing the hosts.
    Interesting that yesterday a member with low standards got outed and you make your first post today.

    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • SeaEagleCoinsSeaEagleCoins Posts: 3,262 ✭
    Grading Question-Is PCGS grade wrong??




    image

    BLASPHEMER!!!


























    image

    Hey... it is just an opinion... and it can be different EVERY SINGLE TIME you submit the coin... heck, it could even BB at least once...
    Re: Slabbed coins - There are some coins that LIVE within clear plastic and wear their labels with pride... while there are others that HIDE behind scratched plastic and are simply dragged along by a label. Then there are those coins that simply hang out, naked and free image
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    I would guess you got that from Stack's.

    Regardless, at least the surfaces are original.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • YaHaYaHa Posts: 4,220 ✭


    << <i>

    << <i>

    << <i>I purchased this coin from a major auction house as EX 40. I sent it to PCGS and they graded it VF 35. Should I crack it out and send it to NGC and hope they grade it EF 40 or just be happy with the grading from PCGS??

    www.coinbug.com/woodyscoins >>




    YOu are lucky you got it PCGS 35. Also don't listen to these PCGS hoarders. NGC graded coins are just worth as much as PCGS or ICG. Learn and buy the coin for what it is not what someone says it is.


    PCGS= Macys. NGC=Sears ICG=Walmart. Don't beleive in the Price guide crap that is a tool to make the smart one rich.image >>



    Does ANACS = KMart... are their new holders Blue Light Specials imageimage >>




    I don't have K-mart no more around here. I would put ANACS= Alternative. Isn't James Taylor a singer or a swinger.image
  • cheezhedcheezhed Posts: 5,941 ✭✭✭✭✭


    << <i>Grading Question-Is PCGS grade wrong?? >>



    They haven't got one of my submissions right yet.








































    image
    Many happy BST transactions
  • zeebobzeebob Posts: 2,825 ✭
    If you crack it out, just send it back to PCGS. Next time you may end up with the grade you want. Sounds fickle, but it seems to be the way the world works. Don't send it to NGC, the end product will be worth less than a similarly graded PCGS coin.

  • MidLifeCrisisMidLifeCrisis Posts: 10,550 ✭✭✭✭✭


    << <i>Leave it as it is. A coin like that will find its proper price. >>


    I agree.

    There are relatively few colonial collectors that compete in the registry. Most collectors will want a coin like this in a slab mainly to verify its authenticity...they will form their own opinion about the grade.

    That said, I do think PCGS is right slab for the coin.
  • woodyscoinswoodyscoins Posts: 2
    Thanks to everyone who gave their two cents as to this grading. Im going to leave it alone.
    See all my coins on CoinBug.com

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