Crossing NGC to PCGS just get same grade?

I mean, maybe he’s right. Well he is right in many cases, but who is willing to do a comprehensive study?- not me.
All I’m sharing is my experience. For example, I had a 1879-S NGC MS66 CAC Morgan auction for $401 last night. White. No toning. That’s very strong.

 

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I think "heavy hitters" (serious collectors with 6 or 7-figure collections) are very attuned to prices for the coins they collect. And I think while they are aware PCGS/CAC are the preferred labelers, NGC isn't the discount it was 10-15 years ago. Certainly not for ALL the types of coins.

And NGC has established some premium niche's of their own, like ancients and certain modern grades where they are pretty much even with PCGS.

I agree though: on the traditional coins most of us collect, PCGS still has a premium and reputational advantage.

 

Excellent point.....and congrats on the strong pricing !

 

Any comparable PCGS coins sold lately to compare it to ?

It could also just be a very strong coin market right now with Covid, stay-at-home, stimulus checks, tax refunds, etc. You're in the sweet spot to grab those $$$ -- just like large currency bills in medium-to-lower grade have seen a big increase in the 6-9 months.

 

Looks like it did a little better than the typical sales prices.

 

A sort of bribery perhaps, or just a different pair of eyes?

 

Probably the latter.....but there are still some eyeraisers. A 1-grade jump is understandable over time, but 2-grades ?

Check out the Franklin Gradeflation Thread ATS.

 

I have a hard time going to any TPG let alone trying to better an already graded coin. To each his/her own.

 

What IS a "sample" slab...? Saw one the other day...second time...no grade or other notation on PCGS label save for coin date/type, etc. except for "SAMPLE" where a grade would normally be...looked like a nice coin. Thx.

 

Right now, from what I can see, NGC listed values are topping PCGS for same coins/grades...often by more than just a few dollars, although likely varies with certain coins/types. That is, in the online price guides.

 

A sample slab is an example of a slab that the grading companies would hand out to advertise their product. Most of these tend to feature inexpensive coins (with some exceptions). There is a growing collector base and some of the samples were made in small numbers (these tend to have a large premium-well above the coin inside).

 

Need to see HA, GC, and/or Ebay actual sales for real-world info and prices.

Price guides, even online, just a guestimate, IMO.

 

I used to submit my coins to NGC but have gone with PCGS the past year. There are a number of reasons. First, PCGS slabs generally bring stronger prices. Second, since NGC changed their mind and started allowing PCGS slabs in registry sets I could continue to mix both types in my NGC sets. Lastly, I just like the look of the PCGS plastic over NGC's.

 

I was reading a magazine interview/article with an old-time Morgan dollar collector/dealer who said that with all the difficulties the creation of registry collections and the TPGs were the best things to happen to the business.

If it is true about registry sets getting people to compete, then let's hope PCGS reciprocates by allowing NGC stuff in their sets. It's win-win for both TPGs and our hobby.

 

I think that people often overlook liquidity when broaching this topic. It may be entirely possible to sell the coin in NGC plastic for the same price as you could get for it in PCGS plastic, but if it took you 1 month to find the PCGS buyer and 1 year to find the NGC buyer, is the crossover fee worth 11 months? This is especially true of PCGS Registry Quality coins, for example.

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Excellent points, Lehigh....I wonder if the lack of reciprocity in the Registry Sets is another reason for whatever PCGS premium exists or is larger than it otherwise would be ?

NGC looks good letting PCGS stuff into their registry sets, PCGS looks otherwise not recriprocating.

FYI, I have no skin in this game, as I do not do registry sets.

 

This really is one of the biggest things that a lot of people miss. The PCGS slab has better optics, is scratch resistant and can be emerged in water to an extent, a lot of people really hate the white prongs too.

I don't do registries and it's impact in general is often very much overrated but NGC really didn't have a choice with that very bad decision they made a couple years ago especially with the hit piece they tried to put out.

 

Good points, hopefully NGC is upgrading their materials and construction. I think the modern NGC slabs have some great labels and look very good.

Classic PCGS is overall better than classic NGC, IMO.

 

I never cared for the crack out game. Personally I don't care which slab the coin is in as long as I agree with the grade or feel the coin is under graded. I don't know how many people know that the founder of CAC was also involved in the founding of PCGS & NGC. I've always wondered why CAC won't put a sticker on an ANACS slab. Technically there shouldn't be a reason but they don't do it. If the coin is graded properly it shouldn't matter. Does anyone know why?

 

Since JA had a hand in both PCGS and NGC it doesn't surprise me that CAC only beans those. I'm sure he's still in favor with both companies. If CAC would look at ANACS and ICG slabs then it would boost ANACS and ICG credibility at the expense of PCGS and NGC.