hone your grading skills on this Lincoln

Discussion in 'US Coins Forum' started by Leadfoot, Jan 10, 2006.

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  1. Leadfoot

    Leadfoot there is no spoon

    I actually posted a thread based upon my analysis on another forum. If you are intested in the replies, you can find it here.

    One response to that thread, which makes a bit of sense to me, is that PCGS actually gets better coins than NGC, which would explain the MS67 anamoly, and also suggest that NGC is even looser than the 0.184 points that the analysis suggests.

    Food for thought...Mike
     
    Leadfoot, Jan 11, 2006
    #21 + Quote Reply
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  3. Speedy

    Speedy Researching Coins Supporter

    I disagree....(But then I like NGC better than PCGS) I think when someone is sending in a highend coin its a tie on who to send it too....
    NGC and PCGS are both respected in the Coin World....I know Mr Hall has been talking how PCGS is getting tighter...and that is good...but the very fact that he IS having to talk about that tells us that PCGS has been proved to be loose.
    All in all....I like NGC....but I have no problem with buying a PCGS graded coin--I don't like PCI but I have no problem buying their slabs too...the point is that the Coin World needs to wake-up and NOT trust the grade on the slab...they need to know that it is only a grade on a piece of paper...and THE BUYER needs to do the grading.
    Untill that happesn one slab is going to sell higher than another....right now that is PCGS...no one knows if that will stay or if it will change.

    Speedy
     
    Speedy, Jan 11, 2006
    #22 + Quote Reply
  4. Leadfoot

    Leadfoot there is no spoon

    Speedy,

    I see what you mean. Another poster to the other thread suggested the same, and when Mark Feld talks, I (for one) listen.

    That being said, PCGS coins have garnered a price premium ever since the first day NGC started grading coins, and I have no reason to believe the future will be any different. Market perception is a hard thing to change...Mike
     
    Leadfoot, Jan 11, 2006
    #23 + Quote Reply
  5. GDJMSP

    GDJMSP Numismatist Moderator

    Let me start off by saying that I readily agree that one service is tougher on some coins than the other. In some cases it's NGC that is tougher, in some it's PCGS. But that statement covers the entire grading range as a whole. I also agree that with both companies there is point or grade where this changes and the two companies switch places with the tougher becoming the looser and vice versa, but that varies from coin type to coin type.

    But there is something else that should be considered when trying to make statistical analyses like this. The comparisons are somewhat skewed because of modern coins. Typically the higher grades like 66 and up are largely found on modern coins. In other words, the largest percentage of coins with grades 66 and above will be the moderns - dated '65 and later. And since NGC has only graded coins dated '65 and later for about 5 years or so while PCGS has graded them since the beginning - 1986, it's not really a good comparison. So in order to have an honest comparison coins dated '65 and later should be removed from the comparison in my opinion.
     
    GDJMSP, Jan 11, 2006
    #24 + Quote Reply
  6. youngcollector

    youngcollector U.S. coin collecter

    I'll go with 66 (cleaned)
     
    youngcollector, Jan 11, 2006
    #25 + Quote Reply
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