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Why Is There A Price Differnence With Same Grades Pcg/Ngc?

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Canada
495 Posts
 Posted 02/17/2015  1:53 pm Show Profile   Bookmark this topic Add macdon to your friends list Get a Link to this Message Number of Subscribers
I recently purchased from HA a 1936S Lincoln Cent graded as MS67 by NGC at a reasonable price compared to same coin graded by PCG that had a higher price tag on it is a PCG grade better?
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/17/2015  2:06 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
The market considers PCGS to be more accurate overall than NGC. I agree with the market. Presently they're both grading pretty strictly, but over their history PCGS has generally been tighter. Your coin probably wouldn't be a 67 in a PCGS slab.
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Darth Morgan's Avatar
United States
2815 Posts
 Posted 02/17/2015  2:15 pm  Show Profile   Bookmark this reply Add Darth Morgan to your friends list Get a Link to this Reply
Yes, the market perceives PCGS to be the top TPG. Prices definitely reflect this. For most of my short time as a collector, I have perceived NGC, PCGS, and ANACS to all be about equal. This is because, quite honestly, I've never really cared that much about the numerical grade of a coin. Eye appeal is the dominant factor for me. However, I now tend to agree with the market concerning PCGS. I have also changed my tune on CAC, especially when it comes to Eisenhower dollars. In fact, I now actively seek these for upgrades to my registry set.
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oih82w8's Avatar
United States
7840 Posts
 Posted 02/17/2015  2:48 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
I can relate to crossovering a NGC to PCGS coin...the results were 1 and 2 points less than what was originally graded by NGC. It's a good thing that I liked those coins beforehand.

However older ANACS holders (before the current yellow labels) have done well crossing over to PCGS.
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Canada
414 Posts
 Posted 02/17/2015  3:05 pm  Show Profile   Bookmark this reply Add SelectCoinCanada to your friends list Get a Link to this Reply
Here is a perfect example of how eye appeal can effect value. Last week in the Landon auction there were a number of high-grade ICCS pennies that sold for drastically different prices. Here are three 1882H's that sold in consecutive lots, all MS66, all obv portrait 2.

Sold for $7260 @ 90% red...
Why-Is-There-A-Price-Differnence-With-Same-Grades-Pcg/Ngc?

sold for $2662.00 @ 85% red...
Why-Is-There-A-Price-Differnence-With-Same-Grades-Pcg/Ngc?

and lastly, sold for $5445 @ 90% red...
Why-Is-There-A-Price-Differnence-With-Same-Grades-Pcg/Ngc?
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Gold4Ever's Avatar
United States
170 Posts
 Posted 02/17/2015  5:51 pm  Show Profile   Bookmark this reply Add Gold4Ever to your friends list Get a Link to this Reply
I'm not going pay the different myself just to get nice looking coins for my small collection and will buy NGC at reduced prices even if it's one point off from MS 65 to 66 .. but I can see that people who drop a lot of money on a rare coin want the best for there investment even if you pay more to get it.
Edited by Gold4Ever
02/17/2015 5:53 pm
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Scropper's Avatar
United States
702 Posts
 Posted 02/19/2015  12:27 pm  Show Profile   Bookmark this reply Add Scropper to your friends list Get a Link to this Reply
Well, um... these are all good points. But this is kinda missing the point:

Buy The Coin - Not The Holder.

The holder is just kind of... insurance. (And, of course, there are exceptions to the rule.)

Which COIN was better? The NGC 67 or the PCGS 65? That's the main concern.
Edited by Scropper
02/19/2015 12:27 pm
Valued Member
Canada
495 Posts
 Posted 02/19/2015  12:36 pm  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
re: the percentage game, personally I cant determine what represents 90% or 80% red/ brown or blue on a coin and to date I have very little confidence in most of the TPG that state this on a grade e.g the Landon collection ICCS is a poor judgment IMO of what is red and brown and NGC/PCG seems no better to me.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/19/2015  12:41 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
You're not wrong. Further, the TPG's won't guarantee "Red" on copper because they cannot stop it from changing in the holder. To my mind, paying an enormous premium for Red copper is fraught with peril.
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