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 Replies: 9 / Views: 1,619 |
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Pillar of the Community
United States
500 Posts |
I know all prices are YMMV, but typically the "revised NGC" retail list prices now mirror PCGS on most coins. They used to be consistently lower on NGC - except for gold which PCGS has always reacted more/quicker to the spot price changing. But when NGC broke away from being the same as numismedia ( seems like it was about 2 years ago now ) the two biggies have been pretty well aligned for most coins I look up.
But I recently came across a couple that vary widely. Like $325 in PCGS and $660 in NGC. And $260 in PCGS and $515 in NGC. So one is double the other roughly. I wonder what is up with that?
I can understand being 10% different or even 20%, but double?
On the first example, I also see dealer prices vary widely as I just bought one for $300 and another dealer is asking $800 for the same grade and both are PCGS - similar look so it isn't a toning anomaly thing! I've not seen such a wide disparity before - unless toning was involved.
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Pillar of the Community
United States
7375 Posts |
If you look at "sold" coin values in the holders and varieties you are talking about, you'll find the same thing, a wide difference. Also check the pops for the coins, and you'll find for example that PCGS might have only certified a handful of a particular coin, and NGC a boatload. Are their standards different, I'd say yes, and buyers agree.
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Moderator
 United States
23522 Posts |
PCGS is doing stronger drugs than NGC. They're both hallucinating, but PCGS is having the better trip.
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Pillar of the Community
 United States
5828 Posts |
 It's mostly about supply and demand, in this case population of a grade of a coin |
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Moderator
United States
23522 Posts |
Disabuse yourself of the notion that either of their prices have any basis in reality.
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Pillar of the Community
United States
6370 Posts |
I use the auction records available on NGC's website as a price guide on higher-end coins.
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Moderator
United States
23522 Posts |
There are many different places to find real-world results from actual sales, free of charge. Heritage has almost two million archived sales alone for you to peruse. Publishers don't decide prices. People do.
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Pillar of the Community
United States
604 Posts |
Quote:
Disabuse yourself of the notion that either of their prices have any basis in reality.  |
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Pillar of the Community
United States
7390 Posts |
Yup, realized auction prices set the mark! Trust nothing else
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Moderator
United States
188770 Posts |
Quote:
Publishers don't decide prices. People do. Quoted for truth. A price list is a starting point. Ultimate you have to decide what you want to give or take for a coin. |
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Replies: 9 / Views: 1,619 |
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Posted 04/07/2015 5:46 pm
