Quote:
|
Originally Posted by Midas Let's look at the POP reports of some relatively common date Lincolns in 67 grades. At these grades is when you see these values jump! For instance. I used these dates, because the likelihood of these common date coins being submitted, cracked out, and resubmiited again are very slim:
1938-S Lincoln 1c - Red
NGC:
MS64: 22
MS65: 130
MS66: 591
MS67: 637
MS68: 2
PCGS:
MS64: 62
MS65: 417
MS66: 1582
MS67: 210
MS68: 0 |
Wow, I never realized it until now. PCGS
vastly overgrades Lincolns in MS64, MS65, & MS66.
David Hall once made a stupid comment (well, one of tens of thousands technically). He basically said that NGC coins are not allowed in the PCGS registry because they overgrade them and look at X coin in X grade. The pops showed many more in those grades at NGC than PCGS. This was his proof. My reply to him was to ask if he should exclude PCGS coins from the PCGS registry where the pops were opposite of above. He never answered. Perhaps his head exploded when he realized his logic was BS?
Quote:
|
You can call these POP reports "junK", but when you take into account actual prices realized from the likes of Heritage/Teletrade/eBay as well as what dealers say straight out at shows/shops, plus a 20 year run, it is pretty hard to ignore the facts and the reasons why PCGS slabbed coins carry a stiff premium over NGC who carries more vlaue than ANACS who carrys more value than ICG. The rest of them aren't even worth mentioning.
|
I take it you haven't been in coins that long. If you had been, you'd have known that the premium price paid "20 year run" doesn't exist. Premiums paid for a certain grading company have gone back and forth over the years. Care to explain that?
Also, you may want to look at more classic coins. Moderns have always been in PCGS's favor since they've been grading them longer. As for what dealers say, well, when a customer isn't there the term used is "PCGS weenies". That's the term dealers use to call PCGS-only buyers. They laugh at them because the average one would buy an overgraded dog in a PCGS MS65 before they'd buy an undergraded gem in an NGC MS65. Trust me - they laugh at them.
Quote:
|
Conclusion...when submitting, submitt your coins to the service that will realize the highest prices in the event you have to sell your collection/coin."
|
FYI, I think what you said above is true. Now, where is your flaw in the above?
If the grading is that much looser at NGC, then why would someone want to submit them to PCGS to get worse grades? If what you are basically saying is true, wouldn't it be best to send the coins to NGC to get the higher grades? After all, isn't an NGC MS67 worth more than a PCGS MS66?
Don't look at how tight a service can be, look at how CONSISTENT they are. That's all that matters.
