Pcgs ms66 cac compared to ngc ms66 cac

HearingDr

Why is it that if the same coin was in an ngc holder with a green bean it would command less money than pcgs cac? Shouldnt the green bean neutralize the differences between the perceived value of the different tpgs?

Thanks

coinbuf

Here we go again.

morgansforever

Buy the coin, know your series.

HearingDr

Im trying to understand , because it makes no sense to me. I just purchased a common date walker in a ngc66 green bean holder. I paid a lot less than a pcgs66 cac coin would have been. This coin is actually much nicer in hand than i expected. I bought for my collection, but it just seems so silly that it should have to get crossed to command the $ that it is worth.

HearingDr

I get the buy the coin know the series..my question is more of--is there any clear insight as to why the market has evolved this way.

AMRC

Yes, the two companies have slightly different grading standards. The market is favoring the PCGS way.

If you think the bean has no effect try selling the NGC coin without it and then doing the compare in what they bring.

PonyExpress8

The market goes back and forth with premiums from one grading company to another. Unless you plan on selling the coin right away I honestly wouldn't be worried. If you like the coin and NGC and CAC like it thats pretty good. At the point you may wish to sell it then that's the time to take a look at current pricing and see if its economically feasible to pay the fee to attempt to cross it over or not if there is enough difference at that point. There have been times where NGC coins have traded at or in some cases above PCGS coins in certain series. I suspect over the next few years this difference may lessen from what it is currently so your timing as to when you might sell is a factor and what is going on then. Good luck.

vibr0nic

Your question (and confusion) implies that you think CACs opinion is the only one that matters.

crypto79

<< <i>The market goes back and forth with premiums from one grading company to another. >>



I disagree with this

HearingDr

My implication is that if joe collector questions the validity of a ngc 66 grade, then it has a green bean slapped on it, shouldnt that act as an equalizer?

tradedollarnut

<< <i>My implication is that if joe collector questions the validity of a ngc 66 grade, then it has a green bean slapped on it, shouldnt that act as an equalizer? >>



Somewhat. But demand is still higher, and thus price, for the PCGS example

DaveG

I suggest that your confusion arises from the fact that you're not building a registry set.

MidLifeCrisis

A perception has developed in the hobby that PCGS grades more consistently, more conservatively, and more accurately than any other TPG.

The green bean is simply another opinion.

You have to form your own opinion about the coin, the TPG, and the bean.

magikbilly

some like these coins
some like those coins
some like these one or two two great slabs
others like that one or two great slabs
some prefer this one with that thing
others prefer that thing with this one
this with that is not equivalent axiomatically with that with this - little add-ons show this
this with that add-on is not the same as that with that add-on; this varies sometimes
that add-on with this is not synonymous with this with that add on - adds-on vary in color in and context for perhaps more than one reason (this or that)
the market shows its preference on the whole, partly in metal and partly in plastic with the above understood
but always pay attention to the round thing thats inside if you can
because generalities, while oft true with good reason and market truth, are not in stone
just true very often, and with good reason
some like apples and some like oranges, sometimes the all variants of that are in play including add-ons
other time not; usually not but not always

Hope that clear this up

Eric

Bochiman

To a large part, combine what folks are saying...particularly TDN and DaveG.

It isn't any 1 reason...it is a combination.

For items I am not caring about a registry set for, I will pay a certain price for a certain coin with a certain look...NGC or PCGS. If I agree with the grade/price (really, the price), then I buy it.
For some series, where I want something very particular, for the registry set at PCGS, then I factor that into my perceived "value"...as, likely, do others...since I have to bid against others doing the same thing.

For coins, it isn't as simple as going to a new car lot and comparing the specific make/model/year to that exact same one on a different new car lot. Wish it was, it isn't.

daOnlyBG

<< <i>My implication is that if joe collector questions the validity of a ngc 66 grade, then it has a green bean slapped on it, shouldnt that act as an equalizer? >>


Not at all. The CAC sticker is a (single) opinion from a third party grading company that decides whether a coin is A/B level or a C level coin. Someone could offer less money for an NGC CAC coin, and suspect that it could be a "B" level coin, because NGC's standards slipped for a while- the same people would offer more money for the PCGS CAC labeled coin, because they feel that PCGS's standards are a bit more strict, and thus the CAC must be representing the "A" level coin.

I've recently learned (from experience) that both PCGS and NGC can seriously botch up technical grading from time to time. Hence the phrase, "Buy the coin..."

mkman123

If the coin is cheaper and just as nice get the cheaper one

DHeath

There is some propositional logic in there somewhere that says:

buy coins in NGC holders with green beans

crack them out

submit them to PCGS

re-submit them to CAC

exploit the irrationality of the current market

Doesn't that always work? Why?

BillJones

<< <i>Why is it that if the same coin was in an ngc holder with a green bean it would command less money than pcgs cac? Shouldnt the green bean neutralize the differences between the perceived value of the different tpgs?

Thanks >>



Two factors:

#1. The NGC coin can't get on the PCGS regiistry.

#2. There is a general perception that PCGS grades coins more conservatively.

ricko

You get an opinion (TPG), you get another opinion (sticker), you get more opinions (forum members, dealers etc).... and what you have is (wait for it) OPINIONS.....buy what you like. Of course, if you are intent on doing business with coins, then you have to pay for the opinions of what are judged to be the best opinion givers - in the opinion of most opinion evaluaters. Cheers, RickO

steveben

as i read this thread, i keep wondering...what does the coin look like?

roadrunner

<< <i>Here we go again. >>



Buy the coin. Know the series. Can't argue with that.
But, know also that the stickered NGC coin will almost always bring less if both coins are comparable. It takes a nicer NGC coin to bring the same money.
Get all the opinions you like. Half a dozen or more. It will still come back to the last sentence. Generic coins in common grades are one exception. In that situation
product and flow are more important than slight variations in quality. The supply is so huge that no really cares about those slight variations.

The last time the market has gone "back and forth" between premiums between the 2 services was 1988. And that didn't last more than about 6-8 months.
I even recall getting a pair of 2 rare date gem seated quarters swapped into NGC holders in mid-1988 to take advantage of that brief premium that occurred during
the 1988 summer ANA show. The coins arrived at the show just in time around Friday. Just in time where all the big money had already been spent by the dealers....lol.

Since 1990-1993 or so it's basically been all one way. I've never built a REG set. And have owned about 80% NGC coins in my collection from 1988-2008.
Know also that any of us are perfectly free to spend the same money for an NGC coin as a PCGS coin. No one is stopping us. It's still a free market.