Quote:
Originally Posted by 900fine  Let's simplify.
Assuming your talking about modern silver and gold bullion (ASEs, gold $50 buffaloes, etc)...
Forget everybody except NGC and PCGS. Just forget the others even exist.
There is little reason to slab modern bullion. The only reason is the hope of scoring 70s and getting the premium thereof.
And it gets even simpler...
Forget the theories. Forget the guarantees.
It all comes down to one thing - which company is stricter ? And that comes down to one thing - which company hands out a smaller percentage of 70s ?
The answer is easy... just check the census and you'll find a dramatic difference : PCGS is much stricter. They hand out a much smaller proportion of 70s.
The market knows this. Check auction results on e-bay and teletrade. Whose 70s sell for more ? PCGS. By a wide margin. |
I don't see how which company is stricter has much of anything to do with the quality of their grading guarantees.
And the fact that PCGS examples of a certain type and grade of coin might sell for more, doesn't necessarily mean that they are a better buy. Yes, you might get more for them when you sell them, but just as likely, you have to pay more for them when you buy them. In terms of performance, the cost is just as important as the eventual selling price.
Lastly, if you're talking about which company to submit uncertified coins to, if they are going to grade the same at either NGC or PCGS, it would be better to submit to the latter. But if you believe that PCGS is stricter and will award a lower grade, it might be better to submit to NGC instead.
