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 Replies: 8 / Views: 1,556 |
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Pillar of the Community
United States
2480 Posts |
I'm confused about the wide variation in reported fair market values and realized sales prices for this coin. PCGS - Price Guide: $850
- PCGS population: 371
- # submitted to PCGS for grading: 50,797
- Percentage receiving MS70 grade: 0.7%
- Recent auction sales prices for PCGS graded MS70 $374-582
NGC- Retail price guide: $188
- NGC population: 4010
- # submitted to NGC for grading: 124,994
- Percentage receiving MS70 grade: 3.2%
- Recent auction sales prices for NGC graded MS70 $80-130
Why does the grading company matter so much? Is the unspoken message that NGC is more lenient with their grading, that their MS70 coins may not cross over to PCGS MS70? Did a higher percentage of NGC-graded coins receive MS70 because of the greater number examined? (I'm not sure that holds up, statistically) Based on recent/ongoing sales, people do seem willing to shell out considerably more for the PCGS MS70s. Edited by ThisIsFun
04/21/2013 08:53 am
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Pillar of the Community
United States
4901 Posts |
I think I will keep my opinion on this one to myself...I've already been banished from a PCGS board for expressing it there...
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Pillar of the Community
United States
899 Posts |
Simply put - the perception by some is it is easier to get a coin graded MS70 by NGC and the PCGS grading is more accurate. Hence the supposed added value of a PCGS graded coin.
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Pillar of the Community
United States
2543 Posts |
I will express what " I think " is F.M.'s opinion and mine. Some people think that PCGS tries to create an artificial market for their coins by purposely creating low populations for some coins. I personally don't see how, post grading fee, values profit PCGS.
Even if PCGS has artificially created an $850 dollar coin , how does the resale profit them ? Some say that people are more likely to submit coins to PCGS because this action causes people to think that PCGS is the more accurate grader when in reality they selectively grade to keep populations down and NGC is the more objective and accurate grader.
Do I think PCGS is too harsh sometimes ? Yes !
Do I think NGC is too lenient sometimes ? Yes !
Does anyone think there is a definite discernible written guideline between 69 and 70 coins? No! Bottom line is , IMHO , it is a collectible , like any coin, any Beanie Baby, any baseball card, Hummel .......... etc. If you think that the label is as collectible as the coin, then by all means pay the difference. I have seen people pay hundreds of dollars difference for a Donruss, Upper Deck and Topps baseball card. Same person/player , picture taken the same rookie year, but different companies, different card populations , different values to collectors.
Exactly the same with TPGs.
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Bedrock of the Community
13014 Posts |
Quote:
Did a higher percentage of NGC-graded coins receive MS70 because of the greater number examined? (I'm not sure that holds up, statistically) Based on recent/ongoing sales, people do seem willing to shell out considerably more for the PCGS MS70s. Its basically just that there are almost always fewer of the PCGS 70s than the NGCs so they carry more value. NGC does have a reputation of being easier to get 70s and frankly thats true, its up for debate however if thats inaccurate. Like Denco mentioned some think PCGS is too tight with grading, other NGC is too loose, the truth usually lies somewhere in between. Whatever the reason though the PCGS ones are rarer which generally give their top populations a premium. Quote:
Even if PCGS has artificially created an $850 dollar coin , how does the resale profit them ? The only thing I can think of is the argument that people are more likely to chase it. But at the same time for every person likely to chase that theres another person who would rather go after the easier to get 100 dollar coin than risk the 40 dollar PCGS 69. I dont really buy it either that they do it to drum up business. I think theyre just different companies with slightly different standards that seem to be working out pretty well for the both of them. |
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Pillar of the Community
United States
927 Posts |
Ok, I get that PCGS coins with the MS70 grade will price higher than NGC. What I don't understand is for this example, why is the price guide $850 if recent auction sales are $374 - 582? I would not pay $850 if I know that I can get it for the auction sales range. Can someone explain this?
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Bedrock of the Community
13014 Posts |
Theyre just kind of their arbitrary number. I dont know the formula they use or how often they update it, some of the series are more accurate than others. It may be thats what they were going for when the economy was better or they just do them high to try and raise the value/make sure they dont lower it with their guide
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Pillar of the Community
United States
927 Posts |
So basically, use the auction sales values and ignore the price guide value, since this is only a suggestion, right?
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Bedrock of the Community
13014 Posts |
If theres an ebay auction history I would use that. Sometimes the PCGS guides will have past results of auctions for that coin which can help if its recent, numismedia is usually good for a ballpark figure, but yea personally I dont put a lot of stock in pcgs guides unless its an extreme rarity |
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Replies: 8 / Views: 1,556 |
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Posted 04/21/2013 08:11 am
