Question Regarding Price Value Of Silver Eagles NGC Vs PCGS

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Author	Replies: 7 / Views: 3,399
Willem2904 New Member Norway 44 Posts	Posted 07/14/2015 5:27 pm I have a question, and hope some of you can help me. I was looking at the price guide of some silver eagles (pre-2000), and noticed HUGE differences between the PCGS price guide and the NGC price guide. For example, an MS70 1986 Silver Eagle has a price guide of $21,500 at PCGS: http://www.pcgs.com/prices/pricegui...+eagles At NGC on the other hand, the price guide is only $1,000: http://www.ngccoin.com/price-guide/...-76-desig-ms These differences can be seen for all pre-2000 coins in MS-70. Why these huge differences? I have checked prices of many different coins, and so far, I have always seen "similar" prices, although PCGS prices tend to be a bit higher, but never have I seen such big differences... Am I overlooking something? Any thoughts are welcome. Report this Post to the Staff

cwb Pillar of the Community United States 3463 Posts	Posted 07/14/2015 5:48 pm Some recent sales. As you can see, the price is all over. I would trust an NGC grade over a PCGS grade, but that is a personal opinion. 1986 Silver American Eagle $1 NGC MS70: http://www.ebay.com/itm/1986-Silver...047675.l2557 Sold for $391.00 1986 SILVER AMERICAN EAGLE- ANACS MS70: http://www.ebay.com/itm/1986-SILVER...047675.l2557 *Sold for $8600.00* 1986 American Silver Eagle Dollar MS70 PCGS Mint State 70: http://www.ebay.com/itm/1986-Americ...047675.l2557 *Sold for $1011.00* Edited by cwb 07/14/2015 5:51 pm Report this Post to the Staff
Willem2904 New Member Norway 44 Posts	Posted 07/14/2015 6:00 pm This would be the correct order: 1986 SILVER AMERICAN EAGLE- ANACS MS70: http://www.ebay.com/itm/1986-Silver...047675.l2557 Sold for $391.00 1986 Silver American Eagle $1 NGC MS70: http://www.ebay.com/itm/1986-Americ...047675.l2557 Sold for $1011.00 1986 American Silver Eagle Dollar MS70 PCGS Mint State 70: http://www.ebay.com/itm/1986-SILVER...047675.l2557 Sold for $8600.00 So... $8,600 for a PCGS coin vs $1,011 for an NGC coin? :) Report this Post to the Staff
BadThad Bedrock of the Community United States 19931 Posts	Posted 07/14/2015 7:13 pm Probably has to do with populations, PCGS likely hands out less 70's than NGC. Lincoln Cent Lover! VERDI-CARE™ INVENTOR https://verdi.care/ Report this Post to the Staff
CoinHuntingDrew Pillar of the Community United States 4932 Posts	Posted 07/14/2015 9:16 pm PCGS>NGC>ICG>ANACS IMHO. I've seen NGC undergrade some coins before. Report this Post to the Staff
denco7 Pillar of the Community United States 2543 Posts	Posted 07/14/2015 9:23 pm It has entirely to do with population and people valuing TPG populations. NGC has a 1986 MS-70 population of 1385 PCGS has a 1986 MS-70 population of 32 There in lays people's skewed perception of value. They are not valuing the coin, they are putting a value on the slab. Because a slab with a population of 32, is infinitely more valuable than a slab with a population of 1985 right? Even though only 1385 out of a million coins submitted made NGC 70 as opposed to 32 out of a thousand submitted made PCGS 70. (all numbers in the sentence above, totally made up to illustrate the absurdity of assessing value based on slab populations) Report this Post to the Staff
paralyse Bedrock of the Community United States 12057 Posts	Posted 07/14/2015 11:50 pm PCGS is a designer slab label. It sells for more for the same reason people pay more money for "designer" or "premium" anything: status symbols, a perceived or real high quality or value, or by clever marketing. Ancient wisdom oft repeated: Buy the coin, not the slab. This is the buyers' mantra. If there's a PCGS MS69 whatever and a NGC MS70 whatever and you like the NGC MS70 more, why spend the extra money for a lower grade MS69 just because it's in a PCGS slab? I'll make an exception for set registry building, which is often specific to one TPG. I love my PCGS coins, but I also love my ANACS and NGC coins. I wouldn't own them if I didn't like them, regardless of what letters are printed on a little label. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis Report this Post to the Staff
CoinCollector2012 Pillar of the Community United States 8137 Posts	Posted 07/17/2015 6:00 pm This is a good example of the concept of supply and demand. PCGS coins in MS-70 than NGC coins. Report this Post to the Staff
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