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Bought My First NGC Slab Coin

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rastatodd's Avatar
United States
487 Posts
 Posted 05/22/2010  6:32 pm Show Profile   Bookmark this topic Add rastatodd to your friends list Get a Link to this Message Number of Subscribers
Just purchased my first NGC slab, it is a 2008S Jefferson nickel Proof 70 Ultra Cameo. Can I say that I'm impressed first with the coin, next the holder itself. Proceeded to the NGC website and found it so user friendly especially certification verification site. It give you so much information, photos of the slab front and back, pricing from Numismedia FMV price guide and a lot more. I have been a PCGS person for a while, but now I feel that NGC is a equal to or even better than PCGS. Problem I have is what TPG service to go with in future. Is resale value slightly better for one over the other? Do you think the collectors on this forum can give me a helping hand in deciding which firm to go with.
Thanks!
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nolawyer's Avatar
United States
763 Posts
 Posted 05/22/2010  6:41 pm  Show Profile   Bookmark this reply Add nolawyer to your friends list Get a Link to this Reply
I've seen PCGS coins consistently get higher prices than NGC on Teletrade.
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leprecoin's Avatar
United States
148 Posts
 Posted 05/22/2010  6:44 pm  Show Profile   Bookmark this reply Add leprecoin to your friends list Get a Link to this Reply
Both are winners, I wouldn't limit myself to one or the other, just stay away from "unknown" less reputable ones.
In the long run you'll develop your own preference depend on the series's you'll be collecting
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steve199's Avatar
United States
1882 Posts
 Posted 05/22/2010  7:24 pm  Show Profile   Bookmark this reply Add steve199 to your friends list Get a Link to this Reply

Quote:
Is resale value slightly better for one over the other?


If you manage to find a PCGS PF-70, you'll probably find that it costs it more up front. PCGS is a little more stingy in handing out the lofty 70 grade.

As far as sticking with one or the other, I buy the coins I like. I don't care if it is in a PCGS, NGC, ANACS slab, or no slab at all.

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BH1964's Avatar
United States
10982 Posts
 Posted 05/22/2010  8:16 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
NGC does fine work and does have an excellent website. PCGS still has slightly better re-sale value but not by much.

If you plan to do a lot of selling, PCGS is the way I would go, but we're splitting hairs really because both companies are strong.

ANACS and ICG do good work too. I often see ICG getting slighted but I like their slabs. Buy the coin not the slab is good advice.

On a side note: I recently bought a 1906 $2.50 gold piece in NGC MS64 and love it. I agree the NGC website's images are great for verifying your coins. Here's a couple of the seller's pics:

Bought-My-First-NGC-Slab-Coin

Bought-My-First-NGC-Slab-Coin

ANA #R3154474
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wheatguy's Avatar
United States
1534 Posts
 Posted 05/23/2010  1:26 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply

Quote:
just stay away from "unknown" less reputable ones.


I have to disagree. If the buyer sees a nice coin in a basement slab, there is nothing wrong with bidding on it. The problem is that newer collectors see the ridiculously high grade on the slab and think they are holding a very expensive or rare coin. If a Morgan dollar is graded by a basement slabber as MS-70, but is actually a problem free MS-63, then there's nothing wrong with bidding on it, as long as the bidder knows it's an MS-63.
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coinguybrian's Avatar
United States
5375 Posts
 Posted 05/23/2010  5:32 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
Exactly wheatguy, though you have to be careful of things like rim damage that may be hidden by the slab...
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United States
254 Posts
 Posted 06/02/2010  12:24 am  Show Profile   Bookmark this reply Add rkp to your friends list Get a Link to this Reply
For MS and PF 70 coins, PCGS graded pieces are consistently at a premium vs. NGC. I believe the reason for this is that PCGS population of MS/PF 70 is lower than that of NGC for most series because PCGS also grades the 3rd side (edge) before they give out a 70 whereas NGC grades only the obverse and reverse.
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