PCGS vs. NGC: makes sense to me (I think)

CertifiedGoldCoins · July 22, 2008 8:58AM

Excerpt from an eBay listing (for a 2008/07 reverse Eagle):

"WHY IS IT BETTER TO GET A PCGS MS69? IF YOU COMPARE THE POPULATION REPORTS FROM PCGS AND NGC, YOU WILL SEE THAT PCGS HAS GRADED LESS THAN 7% OF THESE COINS AS MS70. NGC HAS GRADED ABOUT 50% MS70 AND 50% MS69. SO, OVER 40% OF THE COINS THAT WOULD GRADE MS70 AT NGC END UP AT PCGS AS MS69'S. THEREFORE, YOU HAVE A GOOD CHANCE OF GETTING AN NGC MS70 QUALITY COIN AT AN MS69 PRICE."

If you accept the premise (underlined) at face value, that seems to explain the price differential between the two TPGs. Or can anyone think of a better reason?

Just FTR, I bought my NGC MS69's for an average $195, and PCGS MS69's for $240. The price was less important than acquiring some of these early on. Mighty glad I did.

golfer72 · July 22, 2008 9:02AM

arent they all the same?

SilverEagles92 · July 22, 2008 9:03AM

Modern crap.

CertifiedGoldCoins · July 22, 2008 9:06AM

<< arent they all the same? >>

I really don't know. I can identify characteristics of some coins in lower MS grades, but once you get to MS66, I leave it to the pros. Even with a loupe, MS69's look just fine to me, so they must see things I don't.

ProofRainbowRoosevelt · July 22, 2008 9:06AM

How much does a NGC MS70 go for?

CertifiedGoldCoins · July 22, 2008 9:12AM

<< Modern crap. >>

I didn't buy them for my collection, but I can turn them over for extra money to buy what I'd like to collect. Otherwise, my collecting days are at an end. Just ask my wife.

But for those who like moderns, hey, to each his own.

CertifiedGoldCoins · July 22, 2008 9:17AM

<< How much does a NGC MS70 go for? >>

NGC

PCGS

ProofRainbowRoosevelt · July 22, 2008 9:23AM

<< Excerpt from an eBay listing (for a 2008/07 reverse Eagle):

"WHY IS IT BETTER TO GET A PCGS MS69? IF YOU COMPARE THE POPULATION REPORTS FROM PCGS AND NGC, YOU WILL SEE THAT PCGS HAS GRADED LESS THAN 7% OF THESE COINS AS MS70. NGC HAS GRADED ABOUT 50% MS70 AND 50% MS69. SO, OVER 40% OF THE COINS THAT WOULD GRADE MS70 AT NGC END UP AT PCGS AS MS69'S. THEREFORE, YOU HAVE A GOOD CHANCE OF GETTING AN NGC MS70 QUALITY COIN AT AN MS69 PRICE."

If you accept the premise (underlined) at face value, that seems to explain the price differential between the two TPGs. Or can anyone think of a better reason?

Just FTR, I bought my NGC MS69's for an average $195, and PCGS MS69's for $240. The price was less important than acquiring some of these early on. Mighty glad I did.

>>

Given the information, i'd say buy all the PCGS 69's you can find and cross them over to NGC if you have a 50/50 shot. I see alot of money making potential if PCGS 69's sell for $240.

66Tbird · July 22, 2008 9:28AM

Given the information, i'd say buy all the PCGS 69's you can find and cross them over to NGC if you have a 50/50 shot. I see alot of money making potential if PCGS 69's sell for $240.

I have done that and won many times in a few series.

CertifiedGoldCoins · July 22, 2008 9:31AM

<< Given the information, i'd say buy all the PCGS 69's you can find and cross them over to NGC if you have a 50/50 shot. I see alot of money making potential if PCGS 69's sell for $240. >>

That was the price three months ago. Try more than double that now, for both labels.

charley · July 22, 2008 9:43AM

While at first glance the thoughts are reasonable, there are some posit flaws. The people with a 70 grade may have overwhemingly submitted to NGC, with anticipation of the results you state based on previous 'record' and for the express purpose of selling immediately. It is also entirely possible that PCGS and NGC have multiple crossovers/resubmits already, for the same reason- the chance of upgrade and monetary increase. The population reports can befurther are flawed as a basis of comparison, simply because a significant quantity of these coins have not been submitted yet. It is possible PCGS is grading with a conservative level of caution at this time until more examples are seen to establish a basis of a higher coin level of quality(remember spots). It is possible that NGC is correct in their evaluation of a higher grade. It is possible the price differential is skewed because of many market factors not directly related to the 'quality' of a coin. Respectfully, John Curlis

ProofRainbowRoosevelt · July 22, 2008 9:51AM

<< 

<< Given the information, i'd say buy all the PCGS 69's you can find and cross them over to NGC if you have a 50/50 shot. I see alot of money making potential if PCGS 69's sell for $240. >>

That was the price three months ago. Try more than double that now, for both labels.

>>

Now you tell me

Scrap my original reply, guess I was 3 months late.

Doogy · July 22, 2008 10:31AM

wow, a grading bullion thread!

fc · July 22, 2008 10:40AM

they are all the same... to a normal person.

only to a collector do they thrash and turn in their sleep knowing there
is a microscopic imprefection that makes their coin less worthy then
the rest!

oi!

Burnie · July 22, 2008 11:28AM

Walmann · July 22, 2008 11:35AM

I'ved found MS64s more pleasing than many 65s and 66s, AU50s and AU58s more pleasing than MS60s-62, not hard to imagine finding a 69 just as pleasing as a 70.

19Lyds · July 22, 2008 12:25PM

<< arent they all the same? >>

Not if you're selling they aren't!

CertifiedGoldCoins · July 22, 2008 8:36PM

<< I'ved found MS64s more pleasing than many 65s and 66s, AU50s and AU58s more pleasing than MS60s-62, not hard to imagine finding a 69 just as pleasing as a 70. >>

Eye appeal (strike, luster, color, etc.) has always been a motivation for a collector to add a coin to their collection. But some people are motivated by the numbers game. For them, a higher number is where it's at, and the coin inside is merely an accessory. And now, they've added stars and stickers, while the coin inside remains unchanged.

I was opposed to plastic back in the 80's, but selling raw US coins doesn't work so well any more. Lee has it correct, when he replied to the question arent they all the same? by writing Not if you're selling they aren't!.

PCGS vs. NGC: makes sense to me (I think)

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