Home› U.S. Coin Forum

Buyers - buy PCGS....Sellers - sell NGC......Do you agree?

skeeterskeeter Posts: 177
in U.S. Coin Forum
I have not been coin collecting for very many years and I am still learning but I have picked up on a couple things and I want to see if the forum agrees with me. I know there are exceptions to any rule but in my comments I am speaking of "on average".

1. PCGS has the highest grading standards of all the TPG.
2. PCGS graded coins bring a slightly to moderately higher price on equally graded coins.
3. NGC coins with a higher grade (for example a common Morgan NCG MS66 vs. PCGS MS65) will bring a higer price than the lower graded PCGS coin.
4. NCG cracked out coins will not usually grade as high if resubmitted to PCGS.

I recently submitted some coins to PCGS which were NGC crackouts. One of the latest was an 1840 1/2 dime which was a NGC MS61, now it is a PCGS AU58. I know the AU58 PCGS will not bring as much money as the MS61 NGC coin costs.........WHICH BRINGS ME TO MY POINT......

If you were a dealer with a lot of coins to submit .....would it not be more profitable to be selling NGC coins with higher grades........but.........if you were a collector, I would think you would want to collect PCGS graded coins because they are superior.

AGREE OR DISAGREE?

Comments

  • dohdoh Posts: 6,457 ✭✭✭
    Actually, depending on the look of the coin, the PCGS 58 might be worth more than the NGC 61. My two cents.
    Positive BST transactions with: too many names to list! 36 at last count.
  • SeaEagleCoinsSeaEagleCoins Posts: 3,262 ✭


    << <i>I have not been coin collecting for very many years and I am still learning but I have picked up on a couple things and I want to see if the forum agrees with me. I know there are exceptions to any rule but in my comments I am speaking of "on average".

    1. PCGS has the highest grading standards of all the TPG.
    2. PCGS graded coins bring a slightly to moderately higher price on equally graded coins.
    3. NGC coins with a higher grade (for example a common Morgan NCG MS66 vs. PCGS MS65) will bring a higer price than the lower graded PCGS coin.
    4. NCG cracked out coins will not usually grade as high if resubmitted to PCGS.

    I recently submitted some coins to PCGS which were NGC crackouts. One of the latest was an 1840 1/2 dime which was a NGC MS61, now it is a PCGS AU58. I know the AU58 PCGS will not bring as much money as the MS61 NGC coin costs.........WHICH BRINGS ME TO MY POINT......

    If you were a dealer with a lot of coins to submit .....would it not be more profitable to be selling NGC coins with higher grades........but.........if you were a collector, I would think you would want to collect PCGS graded coins because they are superior.

    AGREE OR DISAGREE? >>




    Not really sure how to answer this...

    I think I'll log off and go mix up a fresh batch of kool-aid... this thread is making me thirsty...

    imageimage





    image
    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
  • cone10cone10 Posts: 1,021


    << <i>Actually, depending on the look of the coin, the PCGS 58 might be worth more than the NGC 61. My two cents. >>


    image
    A nickel ain't worth a dime anymore.
    Yogi Berra

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    I disagree on almost all points made by the OP. However, I will agree that PCGS coins normally bring higher prices in like grades. Why? In my opinion PCGS's marketing is vastly superior. Perception is as good as reality in most cases. Kool aid comes in a lot of flavors....If you broke all coins out of their holders line them up and had both services re- grade them , what would you think the end result would be against their previous holders/services? I think it would surprise a lot of people...........JMO. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • TreemanTreeman Posts: 418 ✭✭✭


    << <i>Actually, depending on the look of the coin, the PCGS 58 might be worth more than the NGC 61. My two cents. >>



    Common sense would say that it is worth EXACTLY the same, since it is the SAME coin. Then again, people who buy plastic aren't known for their common sense...
  • dohdoh Posts: 6,457 ✭✭✭


    << <i>Common sense would say that it is worth EXACTLY the same, since it is the SAME coin. Then again, people who buy plastic aren't known for their common sense... >>


    That's nice thinking for a perfect world, but we're living in the normal numismatic world. Yeah, it's the same coin and yeah, buy the coin not the holder, but common sense dictates that when it comes time to sell, the holder matters big time.
    Positive BST transactions with: too many names to list! 36 at last count.
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭


    << <i>I have not been coin collecting for very many years and I am still learning but I have picked up on a couple things and I want to see if the forum agrees with me. I know there are exceptions to any rule but in my comments I am speaking of "on average".

    1. PCGS has the highest grading standards of all the TPG.
    2. PCGS graded coins bring a slightly to moderately higher price on equally graded coins.
    3. NGC coins with a higher grade (for example a common Morgan NCG MS66 vs. PCGS MS65) will bring a higer price than the lower graded PCGS coin.
    4. NCG cracked out coins will not usually grade as high if resubmitted to PCGS.

    I recently submitted some coins to PCGS which were NGC crackouts. One of the latest was an 1840 1/2 dime which was a NGC MS61, now it is a PCGS AU58. I know the AU58 PCGS will not bring as much money as the MS61 NGC coin costs.........WHICH BRINGS ME TO MY POINT......

    If you were a dealer with a lot of coins to submit .....would it not be more profitable to be selling NGC coins with higher grades........but.........if you were a collector, I would think you would want to collect PCGS graded coins because they are superior.

    AGREE OR DISAGREE? >>



    I disagree, primarily because I collect coins, not slabs. May sound like a flippant answer, but it's not really.

    Forget about the slab and focus on what really matters -- the coin and the price. The rest is noise.
    Collector of Large Cents, US Type, and modern pocket change.
  • BcsicanBcsican Posts: 1,068


    << <i>That's nice thinking for a perfect world, but we're living in the normal numismatic world. Yeah, it's the same coin and yeah, buy the coin not the holder, but common sense dictates that when it comes time to sell, the holder matters big time. >>



    Very true almost 100% of the time...
    BCSICAN

    "Because I can"

    myurl The Franklin All Old Green Holder Set
  • MrEurekaMrEureka Posts: 24,312 ✭✭✭✭✭
    If you rely on generalizations in making your buy/sell decisions, you will get your clock cleaned by people that don't.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • 1Mike11Mike1 Posts: 4,416 ✭✭✭✭✭
    I think both the buyer and the seller wants PCGS. I've always considered NGC coins as potential crossover to PCGS and not for holding in my collection. Then again it's just my personal preference.
    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • ConnecticoinConnecticoin Posts: 12,944 ✭✭✭✭✭
    For me, it depends on what the coin looks like! image

    However, any general differences in PCGS/NGC grading standards are highly dependent on the series. For examples, based on my personal experience, MS66 Morgans are approximately the same for PCGS and NGC, whereas NGC MS67 Washington Quarters are, on average, graded 3/4 to 1 point higher than their PCGS counterparts.
    *For Sale on Numismy* *For Sale on Ebay*
  • QuarterCollectorQuarterCollector Posts: 1,384 ✭
    IMHO it all depends on the coin itself. However, I have seen more NGC graded coins in my local B&Ms display cases then PCGS. After talking to the owner of one of my usual spots I was told that he prefers the customer service of NGC over PCGS. As a member of both I would have to disagree. I personal think PCGS has better customer service hands down.

    As far as grading standards: I have seen that PCGS tends to crossover my NGC coins at a lesser grade more often then not, unless their cracked out. Not sure if that is because they have stricter standards or if its more a business decision.
  • RedTigerRedTiger Posts: 5,608 ✭
    I agree with several of the points, though I would use the phrase "tends to."
    eg: 1. PCGS tends to have the highest grading standards of all the TPGs.

    That said, I disagree with the conclusions. There are many reasons dealers and/or collectors tend to mostly submit to one company, or stock mostly brand of holder, or split their business close to even. Some of the reasons are financial, some more out of loyalty, or politics, or old feuds from 20 years ago. For a novice (in general less than five years in the hobby is a novice), the point by point generalizations in the original post aren't that far off and are better than most that I have seen.

    The caveat for the readers, is that for high price, scarcer coins, the overall quality of the individual coin will trump all generalities. At the other end, for the more common, lower price coins, the generalizations can be useful when buying and selling, even though occasionally there are exceptions.


    Investment blog: gold, stocks and more
  • MMRMMR Posts: 372
    I agree with the OP assertions for the most part....
    My eBay auctions - nothing now
  • PCcoinsPCcoins Posts: 3,354 ✭✭✭
    I generally agree with the OP too. I collect toned coins and if I was a dealer I would send my toned coins to ngc over pcgs because: At least with moderns 1955-2009, the grading fee is $12.50, which is about $5 cheaper than pcgs grading fees. And then NGC grades high grade moderns more loosely than pcgs, so the grades would most likely be higher at ngc and with hopes of receiving a *star too.

    Now if I was a buyer/collector (which I am) I send my best coins to PCGS over NGC any day of the week. Just because pcgs does a better job at grading the series I collect better than ngc.
    "It is what it is."
  • FredFFredF Posts: 526 ✭✭✭
    FWIW, I crossed an ANACS AU53 $2.50 Indian into a PCGS 60 holder. Not that I'm complaining but it's not a MS coin. So there are no hard and fast rules about crosses and who's stricter and what.

    What I noticed - when I'm working on my 1909 set, I see plenty of PCGS coins. I'm working on an 1857 set (common theme: years cents change) and first four coins I got are in NGC holders because those were the coins I found that I thought were good value for the grade in the condition I can afford. I know folks have opinions as to who is better at grading what series/type/etc.

    I don't prefer PCGS over NGC or vice-versa when I buy something slabbed. When I slab my own coins I send them to PCGS.

    -Fred

    Successful BST (me as buyer) with: Collectorcoins, PipestonePete, JasonRiffeRareCoins

  • silvergoldnutsilvergoldnut Posts: 456 ✭✭


    << <i>

    << <i>Actually, depending on the look of the coin, the PCGS 58 might be worth more than the NGC 61. My two cents. >>



    Common sense would say that it is worth EXACTLY the same, since it is the SAME coin. Then again, people who buy plastic aren't known for their common sense... >>




    the best two statments on the board tonite !!!!!!

    BUY THE COIN !!! let the crack out game end .....

    for a common date morgan , who cares if its a 66 or a 65, its still a gem...

  • PawPaulPawPaul Posts: 5,845 ✭
    when you are talking about many hundreds of dollar coins -or coins that sell for many thousands, slabbing fee's are not an issue.

    It used to be common knowledge that such coins were first submitted to PCGS , that being unsatisfactory -

    then they are tried at NGC ; if the results still were not to your liking ..........

    then the coin got sent to ANACS

    Whether or not you agree - this was a most common practice for many, many submitters .

    I like my collection to be in PCGS holders , but ......as has been said countless times:

    it is not the holder that entombs the coin that tells the story - it is the coin inside the plastic that speaks for itself .

    You have to be educated, wise, experienced and savvy enough to see with your own eye's what it's saying though

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Format
SpoilerCodeQuote
Heading 2Heading 1
Emoji
:):D:(;):/:o:s:p:'(:|B):#:*<3o:)>:)
Url
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file
Home • U.S. Coin ForumComment As ...