Would you pay a Premium for PCGS coins over NGC?
seateddime
Posts: 6,180 ✭✭✭
Would you pay a Premium for PCGS coins over NGC?
Assume you were buying Seated coins. The coins looked to be exactly the same, say a 1853 arrows MS65.
The coins were twins of each other.
Would you pay a premium for the PCGS holder?
If so how much?
I seldom check PM's but do check emails often jason@seated.org
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
0
Comments
Ed. S.
(EJS)
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roadrunner
<< <i>I'll pay whatever it takes to get my coin in a pcgs holder, and I think everybody should do the same. Only pcgs for me!!
-- Adam Duritz, of Counting Crows
My Ebay Auctions
As a collector, I won't pay a premium because I value all plastic at zero. (Except certain experimental pieces dated 1942!)
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
-- Adam Duritz, of Counting Crows
My Ebay Auctions
I pay more for PCGS, but can sell it for more....
vs.
I pay less for NGC, but they sell for less....
I...I.....I can't decide what to do..............can someone help me...............please........
Ankur
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Bottom line, no matter how you want to analyze it, the PCGS coin is gonig to carry the premium most of the time ...
Best,
Sunnywood
Sunnywood's Rainbow-Toned Morgans (Retired)
Sunnywood's Barber Quarters (Retired)
Encouraging the PGCS monopoly in the coin grading industry is not a healthy situation for collectors. Monopolies encourage sellers to raise prices and offer poorer service. If NGC is relegated to “third world” grading service status, PCGS will have no competition. That would make the PCGS stockholders and insider dealers happy, but everyone else would get screwed.
We have already seen that it is impossible for a new firm to join the “top two” market no matter how hard it tries. If they grade their coins properly or conservatively, their good coins get cracked out and crossed over. If they grade optimistically they join ranks of the third world.
Monopolies on no good, and you PCGS weenie, Kool aid drinkers, should devote a few seconds of thought to that before you act like Pavlov dogs.
My 1866 Philly Mint Set
Frankly, it would be better if there were ONE consistent grading standard, and you can only get that by having ONE grading organization ... several companies all trying to adhere to the same grading guidelines will end up with different results ... hell, even any ONE company ends up with different results half the time LOL ... the best thing would have been if the ANA's original grading service had caught fire like PCGS ... ideally, one not-for-profit monopoly grading company wouldn't be so bad, just as benevolent dictatorship is arguably an excellent form of government. But how would it stay objective, innovative, etc. ... always a problem. Hence, the benefits of competition ... so perhaps the most valuable role played by NGC is that of the only viable competitor, to spur innovation, quality, consistency and customer service ...
Best,
Sunnywood
Sunnywood's Rainbow-Toned Morgans (Retired)
Sunnywood's Barber Quarters (Retired)
- C. Kiefer
<< <i>I buy the plastic...not the coin.
- C. Kiefer >>
In fact... if someone offered me an NGC coin that was the same exact coin as a PCGS coin for half the price.... I would throw the NGC coin in the river...............
who wouldn't.....??????
<< <i>I will not buy NGC Holders. even though some maybe equil to PCGS, most are not!! especially ( TOP POP COINS ) >>
The bell is ringing ... now salivate.
Good dog! Good dog!
<< <i>
<< <i>I will not buy NGC Holders. even though some maybe equil to PCGS, most are not!! especially ( TOP POP COINS ) >>
The bell is ringing ... now salivate.
Good dog! Good dog!
You know Bill... Pavlov could prove his theories on the CU boards.................
That's awesome!!!
Personally, I'm not inclined to pay more if it's the same quality as the ngc coin. But I'm strictly a collector who wants to hold on to what I buy....
Experience the World through Numismatics...it's more than you can imagine.
PCGS is worth more just for being properly graded.
The scenario given is impossible when we are talking about those particular coins, from my experience. At least not in grades AU50 to MS62.
I'll pay to have them in PCGS plastic over NGC's. PCGS grades are closer to what my eye sees, too.... Plus, I think they have a standard for both obverse, reverse, rim/edge, luster, strike, and overall eye appeal, while the Gold Half Eagles I've had and seen in NGC holders almost always lack shoulder feather detail on the reverse, where this detail is obvious in PCGS holders.
It ain't the plastic, it's the standard.
``https://ebay.us/m/KxolR5
Ken
<< <i>I don't even look at NGCs--they're far too liberal with their grades IMHO >>
no problem---there are less and less NGC slabs around anyway. That is because everyone has finally realized that only PCGS slabs are good and one by one all the NGC slabs are being thrown in the river.
I appreciate the new Full View ANACS slabs as long as I can get the coin at a price that allows for the difference in resell.
NGC, it seems, has beome a mass marketed "holder" for moderns. PCGS appears stricter in their 70's so I would prefer to own their 70's, price allowing.
$15,000 plus or a 70's set of AGE's! NGC much lower. Seems more people are interested in paying higher prices for PCGS slabbed coins in the "impulsive" lots?
Miles
depends on the series.
As an example for 3CS pieces. PCGS grades more conservatively.
Thus more value for grade in PCGS coins as similar quality NGC 1 grade up sells at a premium.
For other series this does not apply.
I spent the last 3 hours going over about 150 slabbed seated dimes, I found that for the most part the PCGS coins in the XF-AU range were 1/2 a graded less in a PCGS holder than a NGC.
I looked at a 1850 PCGS graded XF45 that I really think is AU and was sold to me by well known seated dime expert as AU. This coin was far nicer than the AU55 NGC coin in my registry set.
It really was not even close.
There were a few coins that were clearly cleaned, not bad, but cleaned in NGC holders.
I think that PCGS grading is a premium to NGC and should be worth more money
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
If I saw a better coin in an NGC holder, I'd pay more for it if any day.
As for those who think it has to be PCGS or nothing...
<< <i>Yes, but only a few dollars and only if the coins were identical. I buy the coin, but I prefer the look of the PCGS holder better.
If I saw a better coin in an NGC holder, I'd pay more for it if any day. >>
I agree with you. I will pay up for a nice coin, regardless of the plastic. I do prefer the aesthetics of the PCGS holder, though.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I've also cocnstantly noticed lower quality material in NGC holders when it comes to Morgans, which
I look at during lot viewing. Most NGC "stuff" of that really just "failed" PCGS submissions and left overs I realize--but
the fact remains the NGC coin has to be clearly superior and I look at it extra carefully for thumbing etc.
I do own a fair percentage of NGC coins, but there are groups I just won't buy--Morgan Deep Proof Likes for example.
<< <i>As a dealer, I'll usually pay a premium for PCGS because I can recapture it on the sale.
As a collector, I won't pay a premium because I value all plastic at zero. (Except certain experimental pieces dated 1942!) >>
First thought that came to my mind. Second thought was even as a collecter I might pay a premium which would be the grading fee, insurance and postage.
Third thought was no, not as a collector.
When I made the price guide for Jeffersons, I was shocked at the difference between final selling prices for the same coin in different holders.
Example: 1950 PF67CAM Jefferson in NGC holder... $270
Same Coin/grade in PCGS holder... $650 at that time. Just one example, and if I had the price guide with me, I could give you hundreds of other examples.
So, yes people continually pay premiums for the same grades. The number you ask for in your post is subject to how much you really want the coin.
Steve
In memory of the USAF Security Forces lost: A1C Elizabeth N. Jacobson, 9/28/05; SSgt Brian McElroy, 1/22/06; TSgt Jason Norton, 1/22/06; A1C Lee Chavis, 10/14/06; SSgt John Self, 5/14/07; A1C Jason Nathan, 6/23/07; SSgt Travis Griffin, 4/3/08; 1Lt Joseph Helton, 9/8/09; SrA Nicholas J. Alden, 3/3/2011. God Bless them and all those who have lost loved ones in this war. I will never forget their loss.
My best example: MS65 bust halves. PCGS has graded half as many as NGC. They've both graded a similar number of bust halves. MS 65 pops are something like 250 vs. 500. It didn't get like this because NGC grades the same. PCGS has tighter standards for rub, luster, and marks. Just the way it is. Consequently you'll pay $7500 for a PCGS bustie in MS65 vs the $5000 that an NGC piece would command. And frankly, if you have one of the bottom 50% of all the NGC pieces graded, you're paying $5K for a PCGS MS64. If one wants to wait to snap up an NGC MS65 for $5000 that will meet the PCGS MS65 standards you'll have your work cut out for you. If the 10-20 dealers in front of you don't see it first, just maybe you'll get it.
However, since most anything that could cross has been crossed, it is often the case that the PCGS coin in the same grade is a technically superior specimen .
I think there are a lot of NGC crossable coins out there yet to be crossed. 75% of what I have are NGC type coins. I have no doubt
that the vast majority would cross or bring PCGS money...or more.
Why bother if PCGS won't cross them without paying them thousands of bucks in fees? And I agree with you that for MS66-67 type PCGS hates (and usually won't) cross those. Comically, the one and only NGC68 coin I owned (and I felt it was only an NGC 67+ or a PCGS 66+) got crossed right after I sold it. And besides crossing it PCGS tossed in CAM as well. More than doubled the price as a PF68CAM seated half. Went from NGC pop 30 for type to PCGS pop 2 for type! And the coin was wiped on the reverse as well. Go figure.
roadrunner