PCGS vs, NGC Holders

My personal preferences is PCGS holders. That does not stop me from buying other TPG graded coins. As for grading I personally believe PCGS is better at some coins and NGC is better at other coins. The best thing you can do is look at lots of NGC and PCGS coins in whatever you collect. Then you can decide which you think grades better for what you collect.

 

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For the price he wanted...I doubt it. But, be careful...he's like Beetlejuice. You say his name too many times and he shows up.

 

He's actually active on some of the facebook coin groups quite often talking about his $10,000,000 coin..... and how it's the rarest error ever...

I can think of many other things I'd spend $10M on.

 

I have purchased coins in both PCGS and NGC holders and have decided not to buy coins in other TPG's holder until I know much more about what's good and what's bad. I'm using their reputation as a fail-safe security blanket. At the risk of drawing fire, I'm sure I've also paid more for coins with CAC stickers because, as a relative newbie, I reason that it means that at least two companies believe the coin is what it's supposed to be. I like CAC stickers despite the fact that some "purist" folks I know don't believe in the stickers' relevance or value.

 

In fact, everything else that one might spend $10 Million on.

 

I get the purpose of the stickers; however, I find it really hard to get past the absurdity of needing to get the grade of graded coin graded.

 

A lot of CAC coins will bring some premium and some will bring a large one. Pre 33 gold, when the next grade is a massive price jump, and very expensive coins seem to benefit the most from the sticker.

 

Imagine how absurd it was to John Albanese.

 

I kinda see both sides of it. On one hand, as collectors we should be able to evaluate a coin prior to spending a lot of money on it. That knowledge base should be there. With a slabbed coin, we should be able to do the same thing and decide if the grade is appropriate for the grade and priced accordingly before buying it.

On the flip side, there is a range of quality across a grade. For an MS63 coin, there are premium "high end" coins and "low end" coins...both of which are accurately graded as an MS63. No coins are the same. There is a range of quality. CAC stickers coins that are solid for a given grade or better. That doesn't mean that coins they don't sticker are necessarily graded wrongly...it only means that in their eyes the coin is on the lower end of that grade's spectrum (at best). Now, I personally don't think we should blindly depend on this any more than blindly depending on the TPGs grade. But, I do see where their market is. If a coin has a sticker...it shouldn't be a low end "slider."

 

In my opinion, you guys are missing the point of this post. The fact that the top 20 valued coin sales are all in pcgs slabs doesn't mean anything in terms of pcgs coins being more valued than ngc in my opinion.

First off: Some of the coins on that top 20 list are basically legend...

MS 67 RB 1796 Half cent... you put that thing in a NGC slab, it's going to be in the top 20 too. Same with a bunch of the others. These coins are basically legend regardless of which slab they are in. A MS RB Chain America cent... again.

Really the point of the article should be more about how the rarest/most valueble/most unique/most sought after coins are in PCGS slabs more often than NGC slabs. The slab, the grade on the slab, and the bean are irrelevant when buying a coin like this and it's impossible to know if the PCGS label adds value to a coin of this magnitude. I kind of suspect not. I'm sure someone will disagree with me. But unless you sell the same coin in both slabs at the same auction (Which is physically impossible), we will never know for sure. All the serious buyers know the coin regardless of what slab it is and it's history of what slabs it used to be in. It could be raw and the buyer would still know.


Also, this article was posted already on the forum: https://www.cointalk.com/threads/pcgs.289322/#post-2617958.

The above was my response there.