Does a PR69=PR68CAM=PR67DCAM as put forth via R and I Coins?

JOHNandBEA · May 20, 2003 7:06AM

RE: ebay item 3024441894..........could someone please Link......

Is this a fair, general, accurate guideline for equating price differences in proof designations?

John

MadMarty · May 20, 2003 7:11AM

Buy the coin and not the holder! I have had plenty of NGC coins cross and plenty that haven't! Some upgrade and some downgrade. If you like the coin, buy it!

Russ · May 20, 2003 7:15AM

That's a reference to registry set ranking and, generally speaking, yes it holds true. But, there are some variances for coins that have a higher weight or CAM/DCAM bonus than others.

For example in my series, proof Kennedys, the Accented Hair has a weight of 2 (the only one that does, the rest are 1), and DCAM bonus of 3. So, in that case the formula doesn't work. Another example would be the 1971-S which has a Cameo bonus of 1, but a DCAM bonus of 3. Thus, a 68DCAM would be worth more points than a 69CAM for the coin.

Russ, NCNE

Russ · May 20, 2003 7:16AM

Uh, Marty, I think you may have misunderstood his question.

Russ, NCNE

semicycler · May 20, 2003 7:21AM

Expanding on Russ's statements: for registry points used to rank sets, PR69=PR68CAM=PR67DCAM generally. Price/value does not follow this rule though.

JOHNandBEA · May 20, 2003 7:21AM

Marty.........I was wondering, though, what actually "plays out"...........

Russ...Thats interesting, you have obviously put this to a spreadsheet?

John

MadMarty · May 20, 2003 7:42AM

Yes, I misunderstood, I though it was the R&I NGC-PR69=PCGS-PR68 thinkie.

Russ · May 20, 2003 7:44AM

John,

I haven't put it in to a spreadsheet. There is somebody around here who has, though, but my CRS disease is preventing me from recalling who.

I'm a much simpler person. I just look at it like this (using the above example of the '71-S):

PR69CAM: 69 plus 1 point for CAM = 70
PR68DCAM: 68 plus 3 points for DCAM = 71

Edited to add: In the above example, the 68DCAM coin commands a market value of better than double that of the 69CAM.

Russ, NCNE

CarlWohlforth · May 20, 2003 7:49AM

That formula is for the PCGS registry. Some series are weighed. That is sometimes the bonus for the DCAM designation is 3 rather than 2. All sets are weighed over at the NGC Registry.

Calculating one's ranking used to be simple. Both Registries are more complicated in the name of accuracy.

So to find out exactly how one coin stacks against another you have to dig into the details of the particular coin at the particular registry you are interested in.

What weighing does is get the grades more in line with the cost/scarcity of the coin. It could be that the PR 67 DCAM coin costs much more than the PR 69 coin. So if you are looking for the biggest bang for your buck you would buy the PR 69 in that case. In general, since I love proof coins with deep cameo contrast I would prefer to have a DCAM coin even if it costs more.

coinlieutenant · May 20, 2003 7:54AM

R&I has a interesting place in this market right now. Keep in mind that the DCAM market of today was made in large part by Rick Tomaska's business expertise.

My advice is dont fall into the DCAM craze in regards to price. If you are doing it just for a hobby and you have the money to back it, spend away.

One other thing. Keep in mind that NGC is the toughest grader and has the market's eye when it comes to one thing; their toughness on CAM's and UCAM's. PCGS is a little bit looser in my opinion in regards to that one facet of the market.

I know this is more than you asked for but if you want but the best guy to talk to at R&I, based on his love of coins and willingness to help, is Todd Ackerley. Great person.

His number is 888 750 2646. Tell him John from Monterey said hello.

Russ · May 20, 2003 8:04AM

<< <i>NGC is the toughest grader and has the market's eye when it comes to one thing; their toughness on CAM's and UCAM's. PCGS is a little bit looser in my opinion in regards to that one facet of the market. >>

NGC is not tougher on the cameo designation than PCGS. Many NGC cameo designated coins will not make the designation at PCGS.

There are some that argue that NGC is tougher on the UCAM designation than PCGS is on the DCAM designation, but I haven't seen any real evidence of that. I think the two services are about equal in toughness for the designation.

Yes, I know that one can point to pop reports and make the claim that NGC is tougher, but the numbers don't account for the important variable of those who, when they have a DCAM, might rather have it in a PCGS holder and thus more are submitted to them. The fact is that a DCAM PCGS coin of the same grade as a NGC UCAM is perceived as having a higher market value, so there is more incentive to send the coin to PCGS. Right or wrong, that is reality and it skews the pops.

Russ, NCNE

Does a PR69=PR68CAM=PR67DCAM as put forth via R and I Coins?

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