NGC Vs. PCGS: World Coins - Coin Community Forum

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Author	Replies: 8 / Views: 2,227
zxcccxz Pillar of the Community Canada 5417 Posts	Posted 07/25/2013 01:18 am I have a 1893-S Gold 1/2 Sovereign of Australia that I was looking to get certified by either PCGS and NGC when I came across a good discussion idea for the CCF family. What do you think is the better TPG for world coins, PCGS or NGC? Now as far as my 1/2 Sovereign is concerned I have made my choice but I want to see what you guys have to say. I personally think that PCGS clear slabs look better compared to the white NGC ones. However the NGC labels are better compared to the bland, plain white labels of PCGS. Then there is the economical factor. There seem to be a lot more World Coins in NGC slabs than in those of PCGS. What do you think of their coin slabbing charges? I've seen US coins, especially high value coins ($10,000+) go from anywhere from anywhere from 50-80% more just because it was graded by PCGS. How do prices compare with world coins? What is the better slab for world coins and why? All opinions are appreciated. Report this Post to the Staff

basebal21 Bedrock of the Community 13014 Posts	Posted 07/25/2013 01:32 am Right now PCGS is in the infancy of their world coin grading where NGC certainly has a large head start on it. NGC definitely has more of the market right now, but its because theyve been in it longer. Judging from the turn around time on PCGS website when they opened up world coin grading they were getting a lot of submissions so they may end up being the top dog there too in time. Not to long ago you could barely find any world coins graded by pcgs and now more and more appear every day. I completely agree that the PCGS slabs look better compared to the white that kind of competes with the silver coins. As far as whose actually better its a close call. NGC is the more established of the two at this point, but there is a potential upside with PCGS if things go like they have with US coins. I would personally go with PCGS with the idea their reputation will carry over into the new market for them. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 07/25/2013 01:45 am I have had an interest in Australian gold coins for over four decades. I sold a type set of Australian sovereigns and 1/2 sovereigns way back in 1976, that comprised 18 coins, that included an Adelaide Pound. The 1893s 1/2 sovereign came in two designs, being the shield type, and the St. George & Dragon type. They are much scarcer than the sovereigns in top grades because they were issued to be circulated in within Australia. The sovereigns of equivalent dates were used for payment in bullion for overseas trade. That is why the half sovereigns were issued in their tens of thousands, and sovereigns were issued in their millions, and are found in much better condition. The St. George & Dragon design rates way up there, alongside Liberty Walking and St.-Gaudens issues, and looks fabulous in MS grades. There is a big difference in value between AU and MS grades for both types for 1893s 1/2 sovereign, and if you are a little uneasy on grading them yourself at this level, slabbing could be justifed in relation to the American market. I am not a fan of slabbing, and none of my collection of 2,000 or so coins is slabbed. I have a 1937 British proof gold set, comprising four coins: Five Pounds, Two Pounds, Sovereign and Half Sovereign. Breaking the set up just to slab them just makes no sense. Edited by sel_69l 07/25/2013 02:12 am Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 07/25/2013 01:47 am I see no reason to stray from PCGS for this one. Sovereigns and Half Sovereigns have been going into PCGS slabs for many years - they're hardly "esoteric" for even US-centric collectors - and the perception of greater value in the PCGS slab will carry over just as it would for a US coin. Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 07/25/2013 02:59 am I have recently bought 2 gold Sovereigns Both Sydney mint, one is a wreath design and the other is the George and dragon design. I have absolutely NO intention of ever getting these slabbed They will be just fine in the 2x2's Report this Post to the Staff
zxcccxz Pillar of the Community Canada 5417 Posts	Posted 07/25/2013 03:14 am Well, to say the truth this is the first gold coin I have ever sent to be slabbed. I own 2 other non-bullion gold coins and I bought both in slabs. I think that slabbing the coin will better preserve it and will also increase the value. Now I would however like to direct this topic away from my coin and more towards the other questions posed in my original post. I have already sent the coin to PCGS so there's no going back now but I would like to know the answers to the other questions for future reference. Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 07/25/2013 04:24 am I can't say I'm terrifically comfortable with any American TPG as regards World coins. NGC is the acknowledged leader in this genre, but they've a rather disconcerting error rate and have had a standing job advertisement for World coin experts for quite a while now, indicating a shortage of such. All the same, given the choice I'd use NGC for World coins. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 07/25/2013 10:04 am Over the years at every coin show I usually hear "Of course it cost more, it's in a PCGS slab". Or "You can always get your money back since it's in a PCGS slab". Other similar statements are common at a coin show or coin store. PCGS just has the name. Most popular TPG, however, that doesn't mean the best. All TPG's are made up of people and people are people. Report this Post to the Staff
jerry Valued Member Canada 109 Posts	Posted 10/16/2013 6:03 pm I agree that NGC has set up more depots and thus has a better worldwide footprint although PCGS is catching up. The problem I've noticed is that the ANA and PNG in the U.S. have lined up behind NGC not PCGS. As for the holders NGC was tested with the Smithsonian's collection and merits the same high quality characteristics as the CCCS hard holder that recently came out in Canada. I guess if your a copper collector these facts have some merit as both those holders seem to be airtight and watertight especially the CCCS holder. Report this Post to the Staff
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