Grading Question-Is PCGS grade wrong??

woodyscoins · September 1, 2008 1:29AM

I purchased this coin from a major auction house as EX 40. I sent it to PCGS and they graded it VF 35. Should I crack it out and send it to NGC and hope they grade it EF 40 or just be happy with the grading from PCGS??

www.coinbug.com/woodyscoins

savoyspecial · September 1, 2008 1:36AM

grades (even those assigned by TPGs) are opinions......there is no "wrong" grade

zeus135 · September 1, 2008 1:36AM

Nice coin!

This is one of those topics that there are quite a few different opinions. Mine is: Keep it as it is. I prefer PCGS graded coins to NGC's. If indeed it is a PQ V35 (I haven't had much exposure to this type), then it will carry a premium anyway if / when you decide to part with it.

Just my opinion.

291fifth · September 1, 2008 1:41AM

Leave it as it is. A coin like that will find its proper price.

Broadstruck · September 1, 2008 1:49AM

Coin is worth more in PCGS 35 plastic then NGC 40 plastic anyway.

MisterBungle · September 1, 2008 1:51AM

Cool coin!!

I agree with the "leave it where it is" people.

~

JRocco · September 1, 2008 1:55AM

<< Coin is worth more in PCGS 35 plastic then NGC 40 plastic anyway. >>

Hey Broadstruck,

Can you share with me the going rates, or prices realized for PCGS 35's vs NGC 40's for this variety?

DorkGirl · September 1, 2008 2:35AM

ricko · September 1, 2008 2:50AM

Welcome aboard.... Cheers, RickO

rainbowroosie · September 1, 2008 2:52AM

That is VERY nice for a 35.

Oldnewbie · September 1, 2008 3:02AM

CAC it or Crack it!

Broadstruck · September 1, 2008 3:04AM

<< 

<< Coin is worth more in PCGS 35 plastic then NGC 40 plastic anyway. >>

Hey Broadstruck,

Can you share with me the going rates, or prices realized for PCGS 35's vs NGC 40's for this variety? >>

When the Lord Baltimore Shilling have crossed the podium within the same auction or same month in both NGC or PCGS the PCGS examples have hammered on average 15% higher even if the NGC example was 5 points higher.

Your Shilling is in the right Plastic as is, and I wouldn't worry about it having described as a raw XF40 in an auction listing.

Jody526 · September 1, 2008 3:05AM

<< I sent it to PCGS and they graded it VF 35. Should I crack it out and send it to NGC and hope they grade it EF 40...? >>

Absolutely.
There's no reason why everyone shouldn't profit from your ignorance.

LindeDad · September 1, 2008 3:07AM

Maybe the auction house was over grading so you would over pay. As for the pictures I can not tell the grade from them but I am not a expert in the series. But just maybe the graders at PCGS that saw the coin would know more about it than I and had a better view and no monetary interest in it and gave it a fair shot.

PS it is a wildly held view that owership adds a grade to most coins, so your 35 can still be thought of as a 40 if you want.
And

to the boards.

Broadstruck · September 1, 2008 3:13AM

Just be glad it made it into a PCGS holder and didn't BB.

It's a great looking example and mighty PQ for the grade in my eyes!

ksteelheader · September 1, 2008 3:27AM

+

JRocco · September 1, 2008 3:56AM

<<

+

>>

Hey Ken,
I swear that the KoolAid is consumed by some in the same quantities that you and I enjoy a nice cold draft.

edited to add: I would leave this piece in the PCGS plastic also, but for different reasons.

Wolf359 · September 1, 2008 3:59AM

<< Coin is worth more in PCGS 35 plastic then NGC 40 plastic anyway. >>

Give the guy a break. He was trying to hit a Home Run, has to settle for a Double and has every right to pout and blame everyone else.

Steve27 · September 1, 2008 4:04AM

Based on the picture in the Red Book, which I believe is an uncirculated example, yours is lacking a lot of hair detail. Thus, unless the strike tends to be poor on these, VF seems reasonable.

Frankcoins · September 1, 2008 4:11AM

PCGS 35 is worth more, especially since PCGS is reaching out to the European collector market. I think many dealers and Club members got a copy of a German language coin magazine early in the year featuring PCGS.

ksteelheader · September 1, 2008 4:15AM

<< 

<<

+

>>

Hey Ken,
I swear that the KoolAid is consumed by some in the same quantities that you and I enjoy a nice cold draft.

edited to add: I would leave this piece in the PCGS plastic also, but for different reasons. >>

It seems that way!!

BECOKA · September 1, 2008 4:23AM

From my experience there is not much of a price difference between 35 and 40 in most series. I'd keep it where it is.

I have seen coins graded AU58 at NGC come back as AU50 from PCGS. It is just an educated opinion. PCGS seems to be more consistent in theirs than others.

ksteelheader · September 1, 2008 4:25AM

<< From my experience there is not much of a price difference between 35 and 40 in most series. I'd keep it where it is.

I have seen coins graded AU58 at NGC come back as AU50 from PCGS. It is just an educated opinion. PCGS seems to be more consistent in theirs than others. >>

More consistent, or grading to a different standard?

mozin · September 1, 2008 5:24AM

Leave it in the PCGS holder. I agree it is worth more in a PCGS 35 than in an NGC 40, maybe almost as much as NGC 45. NGC grading in so inconsistent that many of us have become extra cautious when buying NGC holdered coins.

ksteelheader · September 1, 2008 5:30AM

Broadstruck · September 1, 2008 5:30AM

<< Leave it in the PCGS holder. I agree it is worth more in a PCGS 35 than in an NGC 40, maybe almost as much as NGC 45. NGC grading in so inconsistent that many of us have become extra cautious when buying NGC holdered coins. >>

Not only that but in the last year or so anything in a NGC holder makes me wonder if it made a quick pit-stop at NCS for a bit of enhancement

Broadstruck · September 1, 2008 5:32AM

<<

>>

ksteelheader, your a piece of work... I mean that as a compliment!

MadMarty · September 1, 2008 5:34AM

tahoe98 · September 1, 2008 6:04AM

.............

coin

.............leave it be.

..............

BECOKA · September 1, 2008 6:11AM

<< 

<< From my experience there is not much of a price difference between 35 and 40 in most series. I'd keep it where it is.

I have seen coins graded AU58 at NGC come back as AU50 from PCGS. It is just an educated opinion. PCGS seems to be more consistent in theirs than others. >>

More consistent, or grading to a different standard? >>

Good point, different standard is a good way to say it. That is a problem in it self. All major TPGs should have one agreed upon standard.

TwoSides2aCoin · September 1, 2008 6:14AM

If it fits into your collection, who cares ? Grading is subjective and pricing is selective. The grade isn't wrong, neither is the opinion. A point or two between companies isn't unusual, either.

ksteelheader · September 1, 2008 6:15AM

<< 

<< 

<< From my experience there is not much of a price difference between 35 and 40 in most series. I'd keep it where it is.

I have seen coins graded AU58 at NGC come back as AU50 from PCGS. It is just an educated opinion. PCGS seems to be more consistent in theirs than others. >>

More consistent, or grading to a different standard? >>

Good point, different standard is a good way to say it. That is a problem in it self. All major TPGs should have one agreed upon standard. >>

Exactly!!

YaHa · September 1, 2008 6:21AM

<< I purchased this coin from a major auction house as EX 40. I sent it to PCGS and they graded it VF 35. Should I crack it out and send it to NGC and hope they grade it EF 40 or just be happy with the grading from PCGS??

www.coinbug.com/woodyscoins >>

YOu are lucky you got it PCGS 35. Also don't listen to these PCGS hoarders. NGC graded coins are just worth as much as PCGS or ICG. Learn and buy the coin for what it is not what someone says it is.

PCGS= Macys. NGC=Sears ICG=Walmart. Don't beleive in the Price guide crap that is a tool to make the smart one rich.

Broadstruck · September 1, 2008 6:26AM

<< 

<< I purchased this coin from a major auction house as EX 40. I sent it to PCGS and they graded it VF 35. Should I crack it out and send it to NGC and hope they grade it EF 40 or just be happy with the grading from PCGS??

www.coinbug.com/woodyscoins >>

YOu are lucky you got it PCGS 35. Also don't listen to these PCGS hoarders. NGC graded coins are just worth as much as PCGS or ICG. Learn and buy the coin for what it is not what someone says it is.

PCGS= Macys. NGC=Sears ICG=Walmart. Don't beleive in the Price guide crap that is a tool to make the smart one rich.

>>

Does ANACS = KMart... are their new holders Blue Light Specials

ksteelheader · September 1, 2008 6:28AM

<< 

<< 

<< I purchased this coin from a major auction house as EX 40. I sent it to PCGS and they graded it VF 35. Should I crack it out and send it to NGC and hope they grade it EF 40 or just be happy with the grading from PCGS??

www.coinbug.com/woodyscoins >>

YOu are lucky you got it PCGS 35. Also don't listen to these PCGS hoarders. NGC graded coins are just worth as much as PCGS or ICG. Learn and buy the coin for what it is not what someone says it is.

PCGS= Macys. NGC=Sears ICG=Walmart. Don't beleive in the Price guide crap that is a tool to make the smart one rich.

>>

Does ANACS = KMart... are their new holders Blue Light Specials

>>

Hmmmmm, lighted slabs. Who will have the first one??

jdimmick · September 1, 2008 7:06AM

Dont worry about the grade listed, its in PC plastic and the coin will sell it self when the time comes

LindeDad · September 1, 2008 7:29AM

I would not worry too much, it is the only coin that slabbed of the 200 plus you have listed. For those that may not of noticed but the hot link in the OP profile is a rather extensive dealer listing of RAW coins.
Interesting that you lurked for a year and then come on with your first post bashing the hosts.
Interesting that yesterday a member with low standards got outed and you make your first post today.

SeaEagleCoins · September 1, 2008 7:37AM

Grading Question-Is PCGS grade wrong??

BLASPHEMER!!!

Hey... it is just an opinion... and it can be different EVERY SINGLE TIME you submit the coin... heck, it could even BB at least once...

bidask · September 1, 2008 8:01AM

I would guess you got that from Stack's.

Regardless, at least the surfaces are original.

YaHa · September 1, 2008 8:03AM

<< 

<< 

<< I purchased this coin from a major auction house as EX 40. I sent it to PCGS and they graded it VF 35. Should I crack it out and send it to NGC and hope they grade it EF 40 or just be happy with the grading from PCGS??

www.coinbug.com/woodyscoins >>

YOu are lucky you got it PCGS 35. Also don't listen to these PCGS hoarders. NGC graded coins are just worth as much as PCGS or ICG. Learn and buy the coin for what it is not what someone says it is.

PCGS= Macys. NGC=Sears ICG=Walmart. Don't beleive in the Price guide crap that is a tool to make the smart one rich.

>>

Does ANACS = KMart... are their new holders Blue Light Specials

>>

I don't have K-mart no more around here. I would put ANACS= Alternative. Isn't James Taylor a singer or a swinger.

cheezhed · September 2, 2008 9:24AM

<< Grading Question-Is PCGS grade wrong?? >>

They haven't got one of my submissions right yet.

zeebob · September 2, 2008 9:48AM

If you crack it out, just send it back to PCGS. Next time you may end up with the grade you want. Sounds fickle, but it seems to be the way the world works. Don't send it to NGC, the end product will be worth less than a similarly graded PCGS coin.

MidLifeCrisis · September 2, 2008 10:27AM

<< Leave it as it is. A coin like that will find its proper price. >>

I agree.

There are relatively few colonial collectors that compete in the registry. Most collectors will want a coin like this in a slab mainly to verify its authenticity...they will form their own opinion about the grade.

That said, I do think PCGS is right slab for the coin.

woodyscoins · September 7, 2008 11:14AM

Thanks to everyone who gave their two cents as to this grading. Im going to leave it alone.

Grading Question-Is PCGS grade wrong??

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