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 Replies: 10 / Views: 1,199 |
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New Member
United States
2 Posts |
I have started working on a Lincoln collection and I've noticed that there is a huge value discrepancy between PCGS and NGC graded coins. I have been collecting coins for 20 years and find this situation to be unusual. PCGS usually gets a small premium but look at these Lincolns:
1946 MS 66, PCGS value is 450, NGC is 87.50 (Numismedia)
1947 MS 66, PCGS value is 300, NCG is 72.50
1948 MS 66, PCGS value is 425, NGC is 66.25
This seems crazy. You can get these dates in MS 67 graded by NCG for the same amount of $ as a PCGS 66. Which is the best way to go?
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Pillar of the Community
United States
588 Posts |
it all seems consistent PCGS has a greater grading standards
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Moderator
 United States
16677 Posts |
PCGS values are based solely on PCGS graded coins only. PCGS values don't necessarily reflect what a collector or dealer will pay for a coin. In fact, they refer to the greysheet 99% of the time.
Welcome to the CCF!
swcoin.ecrater.com
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Pillar of the Community
United States
5604 Posts |
Just a thought, what makes a company "#1" out of the rest in the same profession, Better marketing , The" popular collections" associated with the label." Better standards alone," IMHO, I do not think so!!  |
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Pillar of the Community
United States
1151 Posts |
I have found the same to be true and it confuses me also. But what is that old saying  oh yeh, Buy The Coin, Not The Slab ! |
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Bedrock of the Community
United States
10982 Posts |
Quote:
You can get these dates in MS 67 graded by NCG for the same amount of $ as a PCGS 66. Which is the best way to go?
Be sure all the coins are graded as RD for Red. Philadelphia mint Lincolns from the late 40s & early 50s are very pricey in MS66RD. If I may ask: Where are you finding NGC graded MS67RD coins for that price? They would seemingly be a better buy at 67RD in an NGC holder but remember NGC does not guarantee that their coins will stay Red. PCGS does guarantee their coins will stay Red or they'll refund the price difference on downgrade. Just some thoughts. |
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Bedrock of the Community
United States
19935 Posts |
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it all seems consistent PCGS has a greater grading standards I don't agree with that. With respect to Lincolns, PCGS and NGC are equal. In fact, I've seen many Lincolns where I thought NGC was too conservative. I've also heard quite a few stories where the coin crossed-over to PCGS with the same grade. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
1228 Posts |
 to the forum Robert  |
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Pillar of the Community
United States
581 Posts |
The NGC vs. PCGS perception may also come from populaton reports. I have noticed that in many areas, NGC gives more high grades out. So the assumption is that NGC is "easier".
A Ficticious Example would be where PCGS has graded 300 MS-66's and 20 MS-67's when at the same time, NGC has graded 260 MS-66's and 102 MS-67's.
Don't know for lincolns though as I don't collect them.
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New Member
 United States
2 Posts |
I'm finding these coins in Heritage auctions and Teletrade auctions. These price discrepancies are consistent. If the NGC will cross over at the same grade as some have mentioned, well, in many cases the difference is hundreds and in the case of the late 40's Philly dates, thousands of dollars in fully red condition. I bought these coins in MS 66 red graded by NGC and they are all really strong coins.
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Bedrock of the Community
United States
10982 Posts |
Quote:
If the NGC will cross over at the same grade as some have mentioned, well, in many cases the difference is hundreds and in the case of the late 40's Philly dates, thousands of dollars in fully red condition. I bought these coins in MS 66 red graded by NGC and they are all really strong coins.
Robert - you must be referring to MS67RD if we're talking thousands of dollars. The 66's are pricey but not THAT pricey. The crossover game is a tough one to play especially with all the Lincoln mania going on in 2009. I've got many wheaties slabbed by PCGS at MS66RD that I bet wouldn't cross now! If I cracked them out and re-submitted today, (about 40 total) my guess is 30 would go 65, 5 would go 66 and 5 would go 64! Some would downgrade to RB too. Best of luck and to CCF! |
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Replies: 10 / Views: 1,199 |
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Posted 05/19/2009 8:20 pm
