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 Replies: 31 / Views: 3,298 |
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Pillar of the Community
United States
7390 Posts |
Because CAC stickers NGC coins so rarely compared to PCGS. On an order of 8:1. I don't even send NGC coins to CAC anymore unless I know it will sticker but if it will sticker I'd usually want to cross it anyway. I wouldn't want an expensive key date coin in an NGC slab. Either as as collector or seller. NGC is playing with fire and has been for a while. The hot potato is starting to burn them and the musical chairs are about to stop unless they do something to regain trust in the numismatic community. Their latest approach is just speeding up their impending demise imo. Heck, if anacs plays their cards right we might have a new #2.
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New Member
United States
22 Posts |
Wow! was not aware of all this, very good to hear the views of this group. I was not aware of all the discrepancies between the two grading services.
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Rest in Peace
United States
17900 Posts |
I took my own advice and worked up the numbers on the 1893-S Morgan in VF-30 condition for past sales on Heritage for both PCGS and NGC. The results are: PCGS - Highest price - $5581, Lowest Price - $4465, Average Price $4954. NGC - Highest price - $6900, Lowest Price - $4700, Average Price $5347. Taking the last 10 sales per TPG as the examples. |
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Valued Member
United States
404 Posts |
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Pillar of the Community
United States
1499 Posts |
Auction prices really depend on THE COIN. If it is really nice for the grade, the smart money will bid on it. The less informed money gets drawn in by the brand name on the holder and maybe a CAC sticker. CAC gets it right at least 9 out of 10 times, or a bit better than that, but it's not perfect. I would not buy an expensive CAC approved coin without a least a good picture.
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Pillar of the Community
United States
3184 Posts |
moxking thanks for your research....some interesting data!
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Bedrock of the Community
United States
94367 Posts |
Indeed thanks, great discussion here.
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Pillar of the Community
 United States
4469 Posts |
I paid $4700 for the coin in a Heritage Auction about two years ago. I do not plan on selling the coin anytime soon but I liked the PCGS crossover offer. If the coin did cross it would cost me about $170. I not sure that I can make up the $170 because the coin is in a PCGS holder and based on Moxking analysis it may go down in value. I am going to keep the coin in the current holder. Excellent thread with some great opinions and information.
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Pillar of the Community
United States
3210 Posts |
Smart move on keeping it as is. It looks acurately graded, if it was undergraded then I'd say cross it over ,
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Pillar of the Community
United States
6370 Posts |
I'd sell it to get rid of it. But that's me.
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Bedrock of the Community
United States
12057 Posts |
IMO NGC coins are going to depreciate in value due to the Registry set controversy, so PCGS premiums may rise again, especially for coins at this level, which would certainly be a HUGE boost to a Complete Morgan dollar Registry date/MM set. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
5833 Posts |
What happened to buy the coin and not the holder? I think is fruitless to say which TPG is better than the other one, from experience you the buyer will pick out the right one for yourself, and I am sure most of the time you would pick the right one out. |
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Bedrock of the Community
13014 Posts |
Quote:I took my own advice and worked up the numbers on the 1893-S Morgan in VF-30 condition for past sales on Heritage for both PCGS and NGC. The results are: PCGS - Highest price - $5581, Lowest Price - $4465, Average Price $4954. NGC - Highest price - $6900, Lowest Price - $4700, Average Price $5347. Taking the last 10 sales per TPG as the examples. I have to correct this since these numbers are very misleading. The 10 PCGS sales you compared were all between 2011 and the Present. Only 6 of the NGC sales occurred during that time frame. The other 4 NGC coins which is where their highest prices were realized including the $6900 anomaly occurred in 2007 or earlier. PCGS coins were selling for over 6k during that time frame as well. Due to the lack of NGC VF 30 sales you are including data from markets highs and comparing it to PCGS sales that all occurred during a downturn/soft market. To have accurate data you have to compare sales against other sales in the same type of market environment otherwise you get misleading data like we have here. |
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Pillar of the Community
United States
3540 Posts |
TPG's, unfortunately, are, at least to a certain degree, a necessary evil in our "hobby". The reason is....because MONEY is involved. Therefore, humans will go to great extremes to make more of this...so called "MONEY". Terms such as - market acceptable, market grading, grade rarity, grade flation, and, and....and. The TPG's ALSO make MONEY providing this service. At the end of the day, the TPG's "opinion" of the grade, does not matter what slab the item resides in, because, it is just that....a non quantifiable opinion. ....regardless of the purchase policy, etc, etc. Nothing wrong with a slabbed coin. The "plastic factories" see far more coins in a month, than I ever will in a lifetime. Their "opinion" does matter, but, make sure that YOU, the collector, agrees with the opinion. |
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Pillar of the Community
United States
1963 Posts |
I did recently quit buying NGC coins altogether. I have always preferred PCGS coins. Since I now do PCGS registry, I will pay premiums for PCGS coins if I must.
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Replies: 31 / Views: 3,298 |
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Posted 02/02/2017 1:40 pm
