What do dealers like more....
Moldnut
Posts: 3,113 ✭✭✭✭
Collectors bringing in nice NGC coins or nice PCGS coins?
Pay less for NGC coins would be my first thought.
Derek
EAC 6024
EAC 6024
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Mine too. NGC old fatties. And also old ANACS gold foil holders. The treasure trove of fresh old rattlers or OGH's is much more dried up. When any NGC came into one of my best local shops, they would shun the coin and look to dump it immediately at under PCGS price, regardless of quality. I found a number nice upgrades that way.
Some dealers do not like TrueView.
You can usually tell by their "soft focus" pictures.
My Saint Set
members here tend to place a premium on all the old holders with blanket statements that there are "bargains to be found" as though it is a given. more often than not, much more often, the older holders and the coins inside of them are just average or picked over right-for-the-grade coins. most collectors who have coins in the older holders are smart enough to know what they have and don't dump them.
I don't think dealers really care what TPG the coin is in as long as it is "right" and they can sell for a profit. PCGS coins seem more liquid but there are more NGC coins available.
I believe dealers go with the market... That means PCGS holders are preferred since the market favors them.... Smart buyers judge the coin, not the slab. Cheers, RickO
The problem with true view glamour shots is that the coin won't necessarily look that way in hand. I would never buy off a TV and I would never sell using only a TV
All comments reflect the opinion of the author, even when irrefutably accurate.
No dealer cares. You have to be buying for more than the"other guy", so you can't lose ball nice coins in NGC holders that will cross unless the seller is ignorant or your competition is ignorant.
All comments reflect the opinion of the author, even when irrefutably accurate.
I have both in inventory and Defer to the sheet if blue sheet valuation differences. Both sell on their own merits. As a matter of fact I have one major customer at shows who prefers NGC.
Most of my slabbed inventory PCGS and all my submissions go to PCGS for coins. What makes me happy is being offered nice coins in one or the other. Many of
my NGC material is world, modern gold or both.
I look at the coin itself, then decide.
That said, I have at least 100 each of PCGS, NGC, and ANACS Mint Error coins.
I’ve purchased off of TrueViews only and have been very happy. Knock on wood.
Recently I’ve seen a number of cases where I liked the coin looked better in hand than the TrueView, specifically with color. One was a Franklin that I thought had a mesmerizing reverse under the lights at the B&M but the TrueView showed it to be somewhat dark and less/not lustrous.
The problem with true view glamour shots is that the coin won't necessarily look that way in hand. I would never buy off a TV and I would never sell using only a TV
I don't view TrueView images as "glamour shots" although they can be used to depict a coin in certain ways at the request of the submitter(s). quite to the contrary, most auctions and other sites selling coins tend to make an attempt to show the coin(s) to either hide flaws or accentuate something. the images available at PCGS and NGC have been very helpful to me, NGC more than PCGS.
all that said, I would rather "take a chance" with only a TPG image than just a seller's image unless I know I can trust the selles.
Well your on the PCGS forum where many of the participants are dealers who think they can do better financially in a PCGS holder; and most of the remaining posters are swimming in the Kool-Aid not hard to figure out. As to the op's question a smart dealer would welcome any and all nice material that can be bought right regardless of the holder, I don't see to many dealers that are "paying up" for coins because they are in PCGS holders staying in business very long.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
The sheet is wrong. The market is what it is. PCGS gets more than NGC for anything widget-like. That's why people are constantly trying to cross them.
Oddly even NGC CAC sells for less than PCGS CAC which is the height of irony since CAC is currently GOD. So if PCGS CAC sells for more than PCGS, it is because the market values CAC more than PCGS. Yet when JA says that an NGC 65 is an A/B 65 and JA says a PCGS 65 is an A/B 65, the market still prefers the PCGS 65 even though JA is suggesting they are equivalent.
But, never fight the market.
All comments reflect the opinion of the author, even when irrefutably accurate.
Without material positive market movement (metals, bids in sheet) not in the mood pay up for anything.
I always pay up for Eye Appeal, always!
Maybe this is still true for some items like generic 62/63 Morgans (an area I do not look at), however as I observe the market the price differences between PCGS and NGC graded material has shrunk over the past few years and in many cases I'm seeing NGC coins selling for more across multiple widget series such as Lincolns, Washington's, Mercs and such on a much more frequent basis. There have always been outliers where an NGC coin would exceed but today those are much more frequent. Of course I do not look at every coin or series for hours on end each day after all I'm not a dealer; but the coins and series that I have been searching for on any of the multiple dealer websites that I look at including ebay I am not finding your conclusion to be true across the board as it once was. Granted that there are some who enjoy participation in the registry and are willing to spend anything to add a coin to their PCGS registry so yes crossing of coins even when its not financially prudent does happen.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I'm no dealer, but I imagine if I was, I'd be happy to buy anything I could sell for a bit of a profit, provided liquidity was reasonably good.
If I ever tried it, I imagine I'd try to develop a bit of a niche area, but in reality there are people making a killing in raw and slabbed problem coins. There's a correct price point for everything and there's a buyer for everything. The trick is to be familiar enough with the extant market that you can make good decisions.
Dealers want coins they know they can sell and the good ones know what sells.
Customers!
A: The year they spend more on their library than their coin collection.
A numismatist is judged more on the content of their library than the content of their cabinet.
Q --- What do dealers like more?
A --- Rich newbie's
When I was a dealer, I most liked finding properly graded, fairly priced coins, be they NGC or PCGS graded. PCGS coins were easier the sell, but I had a lot of collectors who purchased both. I guess today the PCGS-CAC combination rules.
Dealers like coins they can quickly flip for big bucks. Holder doesn't matter as much.
When the dealer show report says there are no coins, what that really means is there are no coins they could get good action on. There may have been plenty of good coins, just not priced right.
What do dealers like more?
Raw coins in albums from a widow who doesn't know what she has.
Bonanza!
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
I sometimes have other dealers at shows looking for stuff to pick off / flip which will trawl my table sometimes “do you have anything below bid” (no I don’t) or asking a price on a nice coin “I buy below bid and sell to dealers” (your kidding so why are u wasting your time messing w me). Once they get the message they don’t bother me again.
Many of these guys looking for stuff to flip. Holder is irrelevant. Translation: sales have been horrible market stuck in neutral, summer doldrums coming up the pike. Need find pickoffs. Of course if they are buying your coin it’s all of a sudden inferior (the “its not in the right holder” standard play call for them) to their over priced stuff. Just pay a visit to their table.....I might offer them something barely over cost or bid see if can move it.
I always laugh when I read a show review “there weren’t any coins at this show.” Translation: Nothing we could pickoff make money on or could not find anybody giving material away.
Little old ladies that never looked at grandpas coins until after he died.