Do you think foreign coins are more valuable in PCGS holders?
superpsychmd
Posts: 1,272 ✭✭✭
I saw a coin which crossed over from across the street to PCGS. The asking price is maybe 10% more than what it generally goes for in auction from the other grading service. Do you think it is preferable?
0
Comments
Well, just Love coins, period.
-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-
My sets: [280+ horse coins] :: [France Sowers] :: [Colorful world copper] :: [Beautiful world coins]
-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-
World Collection
British Collection
German States Collection
Nope, and I won't say anything that might get me banned.
Ah come on. Live on the edge. Just kidding! I totally agree.
Experience the World through Numismatics...it's more than you can imagine.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
Latin American Collection
Well, just Love coins, period.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
On a personal level I look at slabbed coins just as much as raw ones, but this is usually to find either the misattributed rarity, or the rarity that number chasers aren't interested in. NGC are a better source of the former than PCGS, but this might be due in part to the numbers involved. Less than 10% of my coins were slabbed when purchased. I still have half a dozen coins from the collection remaining in plastic due to a lack of storage space in the cabinet.
The practical reason for raw over slabs is an inability to handle the coin. First of all you need a raw coin to weigh it as you can't do once it is entombed. Raw coins are needed to see the whole of the edge in hand. Things improved with the jaws, but still inevitably hide sections which could hide evidence of previous mounting. Also, plastic impedes viewing under a glass, essential if you are looking for friction, other marks, or recut detail. Again it is desirable to have a raw coin.
The situation might be different in other European countries, but I wouldn't bet on it.
Andy, does the world coin market differentiate between raw and PCGS and NGC?
Of course, but it depends on the coin, the location, the situation and the buyer. Not a very helpful answer, but true.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
- Slabs are slowly making their way into world coins as well. In the past you almost didn't see any at all, but in the last few years I'm beginning to see more, and more collectors and dealers are submitting material for grading. There is much more talk about slabs in collectors meetings and you see a lot more in local auctions.
- *Asking* prices for slabbed material seem quite higher than for raw. However, actual selling prices are affected only for top-end material. High-end fares better in slabs, where the average stuff seems to maintain the same price level, raw or slabbed.
- I haven't seen a strong preference for PCGS over NGC or vice versa. Collectors and dealers seem uncertain over which one is "better" and there is some debate about it going on.
- Both services seem much less savvy about world coins than they are about U.S. material. I've seen a lot of slabbing mistakes (from both major TPGs) - and I don't mean grades. I wouldn't presume to put my grading skills over those of PCGS or NGC, but I'm talking about slab labels that mistake the name of the denomination, or the date (in cases where dates are not found on coins in roman numerals), or the variety attribution. I've seen errors such as rotated reverse slabbed with no mention of the error, as if the grader was unaware that this alignment is not the norm for this type. This applies to both major TPGs and is just a bit too common for me to believe the "mechanical error" explanation.
My YouTube Channel
I just hate those ngc white fangs
Couldn't agree more. The entire presentation of the slab is completely different than PCGS. That said, for medals I prefer they are released from their jails and are as bare to the world now as when they entered it. Same would be true for coins, I just don't have to balls to do that.
US Civil War coinage
Historical Medals
All of my NGC graded coins leave me thinking about what they would grade at PCGS, so I only tend to buy them at a discount, with the eventual plan to cross.
Collectors are a strange bunch, aren't we?
My Type Set