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 Replies: 18 / Views: 10,160 |
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Pillar of the Community
United States
3546 Posts |
I'm sure it's pretty much accepted that PCGS-graded coins generally bring more $ at auctions etc.
It would be helpful to get opinions, however, from the members based upon each one's own experiences insofar as the typical $ % increase a PCGS-graded coin realized compared to the same coin graded at NGC.
I am still at a loss as to the reasoning why a reputable company like NGC is not on an equal level with PCGS in this regard.
Specific examples and/or case studies comparing the two companies services would assist to clarify these talking points.
mdpmedia
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Pillar of the Community
United States
1839 Posts |
From my own experience it seems to depend on the series of coin in the slab. Some coins, moderns if I remember correctly, tend to bring more in an NGC slab than PCGS but I'd agree that as a general rule PCGS slabbed coins do tend to bring a slightly higher price on average.
One thing's for sure, the PCGS guide prices they publish are usually a little higher, so I don't know if that somehow subconsciously makes people think they're worth more.
I'm sure plenty of members here have an opinion that's more detailed than mine.
There's probably a number of threads here that have discussed this in detail as well.
Edited by Tbone
12/10/2014 12:50 pm
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Pillar of the Community
United States
5825 Posts |
PCGS coins have a reputation for being worth more, all other things being equal.
I've never done a comparison so I don't know for sure.
But I accept either PCGS or NGC assuming eye appeal is equal.
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Bedrock of the Community
United States
10982 Posts |
Values vary so much it is hard to quantify. Greysheet use to publish some type of TPG value comparison but who knows what their sample size or series' sampled actually were. If someone ask me for a ballpark guesstimate across series' I peruse it would be that NGC coins are at 85% to 90% market value relative to PCGS counterparts. This would be mostly 19th century U.S. silver and gold coinage for me. |
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Pillar of the Community
United States
5854 Posts |
I think registry sets are a major factor. PCGS sets only allow PCGS coins while NGC sets allow both NGC and PCGS. Top pop or nearly so seem to have the greatest difference in price between the two services. So if you are trying to build a top ranked set, these are the ones that you are after. NGC registry set collectors can settle for either holder but PCGS registry set collectors will have a preference for PCGS and will only consider NGC coins if they can get them at a large enough discount to compensate for the risk of crossover. Also, the people building these sets are probably pretty well off so large price difference are not such a big deal as long as it is exactly what they are looking for.
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Pillar of the Community
United States
1156 Posts |
Quote:
I'm sure it's pretty much accepted that PCGS-graded coins generally bring more $ at auctions etc. If you are only talking about US coins you should say so. This is not the case for all world coins. |
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Pillar of the Community
United States
7375 Posts |
I'm no expert on the subject, but it seems in most businesses there is a #1, 2...
Kinda reminds me of the old Rent-A-Car commercials from years ago, where Avis (NGC) says, "We try harder." Hertz was always #1, and still is I think. I suspect PCGS will remain #1 also.
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Pillar of the Community
United States
2543 Posts |
Classic example of market place determines the value.There is no difference in grading standards. There is no secret conspiracy or mandate to over grade coins to get more business, nor is there an effort to be overly harsh in an effort to be exclusive.(both being horrendously bad business models) I personally will not pay more for a coin in a PCGS slab, even though the marketplace appears to be willing. There is no difference My Panda collection is all PCGS, my Libertad collection is all NGC. Quote:
I'm no expert on the subject, but it seems in most businesses there is a #1, 2... How do you measure #1, #2 ................. NGC has, and continues to grade way more coins than PCGS |
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Pillar of the Community
United States
7375 Posts |
Quote:
How do you measure #1, #2 ................. NGC has, and continues to grade way more coins than PCGS I don't know how to absolutely measure #1, 2, etc. I was just stating my opinion that PCGS is #1. It just seems that way to me. wasn't aware that NGC grades more coins than PCGS. Whenever I do a search for sold coins, or 'for sale' coins, more PCGS results show up. Might be a good poll question. Almost sure more people would say PCGS. Maybe they are right and maybe they are wrong  |
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Pillar of the Community
Australia
7096 Posts |
I'm only talking Australian coins here But there is a "Perception" amongst Australian collectors that a coin graded by NGC is a grade point lower than an identical coin graded by PCGS.
I for one don't believe this BUT I know for a fact that PCGS graded coins sell for a premium over NGC coins in Australia .
Maybe its because PCGS slabs were the first to be "Accepted" in Aus, I don't know or it cold just be a marketing factor.
I have had many coins graded by both companies and they are on a "Par" as far as my experience is concerned.
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Pillar of the Community
United States
1839 Posts |
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Pillar of the Community
United Kingdom
694 Posts |
I am constantly clicking on NGC prices realized where everything sold for the coin type and date your interested in for both PCGS and NGC are listed . It is a one sided affair for the most part. Same grade coins can be 3x difference in the final value sold amount. And as mentioned earlier I would almost certainly guess those stark differences are for regestry set builders who have wealth to buy at whatever the price. I watched the latest live heritage auction and I can still remember paddle number 7509 seeing as he prob bought nearly everything lol
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Pillar of the Community
Australia
541 Posts |
Because PCGS graded coins sell for a premium, NGC graded coins will likely be crossed over when they can, as a result the coins left in NGC holders are less likely to cross over even if PCGS is only marginally stricter for a minority of coins.
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Pillar of the Community
United States
1796 Posts |
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Pillar of the Community
Australia
1006 Posts |
Overall you have to look at each coin as it comes. I am willing to pay a premium price for a premium coin regardless of whether it is in a PCGS or NGC holder. Are there differences between them? Of course. Coin grading at it's very heart is subjective but you look at a coin and compare it across it's brothers and sisters and purchase accordingly.
The reason why PCGS brings more money is more or less speculation (when it first started) but as wwwww says this has lead to 'shifts' from coins in NGC holders to PCGS holders.
Edited by oh my florin
01/06/2015 10:07 pm
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Bedrock of the Community
United States
10982 Posts |
I believe NGC is often better at technical grading and seems to lean more toward accurate technical grades with a nod to market-grading of course.
PCGS seems to place a high emphasis on luster and eye appeal and is a marketgrader by definition. PCGS graded coins often "look" better than equally graded NGC pieces.
Just my 2 cents worth. As always YMMV.
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Replies: 18 / Views: 10,160 |
Posted 12/10/2014 02:32 am
