can somone name the grading company that sells for the highest and all the way own to the lowest.. thanks... also, why are the toned coins selling for $100 above the untoned ones arent the ones untoned in better condition
Boy Howdy !! When you ask questions you ask questions ! In about 6 or 7 pages those seemingly simple questions you just asked - might get answered. I'm not giving you a hard time pal, honest. But those are some complicated questions. Good ones too. I'll just step back now for 3 or 4 days - let the dust settle, and then I'll see if I can add anything to the book that is going to be written here
this information is lifted from this thread: http://www.cointalk.org/showthread.php?t=31752&highlight=sight+unseen+PCGS+NGC+ICG+ANACS CDN samples 10 US coin series (2 grades each for 20 coins total) and compares the prices dealers paid for the coins - sight unseen - to the prices dealers paid for the same coins in the same grades - sight seen - (the values indicated in the Grey Sheet) and averaged the results. Below are the results from the latest issue (12/21/07): PCGS - 82.69% NGC - 77.86% ICG - 74.13% ANACS - 56.91% PCI -49.37% SEGS - 48.73% NCI - 39.31% INS - 27.94%
As for toned coins: The price people pay for a coin is strongly influenced by what is known as "eye appeal". Many people find coins with pretty colors on them to be especially appealing, and will pay significant premiums over untoned examples. The toning that occurs when a copper coin goes from a bright red to a nice brown actually forms a nice protective barrier. The toning that occurs on silver coins does not add any protection, and will eventually damage the coin. Proper storage can effectively slow toning to a snails pace (to stop toning you need to completely isolate the coin from the air around us, and no, slabs do not do that). Perhaps, perhaps not. Toning is damage, but dipping the coin to remove the toning also damages the coin, probably more so than the toning that was on it.
A lot of people don't like ANACS and ICG, but I have a lot of reasons to like them: 1) They are more affordable to send coin to 2) They certify more varieties 3) Their grading seems consistent with PCGS and NGC
If ICG would get it together, they are by far the most collector friendly pricewise, and in my opinion, excellent for variety attribution and authentication. I use them to authenticate keys ( the'll do it free with a paid submission) and the prices cannot be beat. The grading is fair IMO, even a tad strict, at least on the several I have sent in. Now, value vs value.... I use a coin I am selling as an example. A key date Lincoln, high grade circ, ICG calls it a 40. In the ICG slab, I will sell for probably $100 or so less than a PCGS slab. Same coin. I saved $30 slabbing it. It's just a fact, I have tracked history on this item again and again, PCGS will bring a higher price. Did I save $30 ? If I were to send it in as a collector I did. As a seller, I did not.
No, there is a big differance, cost vs value. I chose to sell because I upgraded. The differance is not explainable, and applys to each coin. Mine was just an example. MS-66RD Lincolns, PCGS almost always sell for more, same with Morgans, the only other coins I have experience with. Like Doug said, now I'll just watch and see what other opinions and experiences are. My opinion on PCGS is they have outpriced the average Joe collector, treat the "bigboys" differantly and are overpriced on MOST coins. BUT, I would tell you, if I had a rarity like an 1893-S Morgan or 1856 FE Cent, the ONLY place I would send it is PCGS. Funny huh? I don't even make sense to me????
So PCGS is best for selling for PC ICG(or similar) is better because its cheaper is their anything about the grading process thats different BTW: thanks for the help so far
stainless it's a very complicated issue and there is a great deal, a truly great deal, to learn before you can even begin to understand this issue about grading companies. Let this thread run its course, but in the meantime do a search and read some of the hundreds of other threads on this very same subject. You'll soon see how complicated it is.
The reason I reposted the percentages for the grading companies is that when I first saw that post, I found it to be a very nice generalization of how the marketplace views each grading company. Also, the original question was: Can someone name the grading company that sells for the highest and all the way own to the lowest? If these percentages do not accurately reflect the market, I'll gladly edit away my post, as I do not want to spread bad information. But, the method use to arrive at the numbers, although not comprehensive, seemed sound to me.
This is the problem and why the numbers are meaningless - 10 US coin series (2 grades each for 20 coins total) So they check the prices on a grand total of 20 coins and on that basis they determine which TPG is bringing the best price. And then they tell you that these percentages are relative to CDN being 100%. But if yo ugo down to the bottom of the same page where you find that little block of text - you will also see that CDN Bid/Ask is based on the highest Bid and the lowest Ask seen nationally. What all of that means is that the ranking can be all over the place on any given week. All it takes is some dealer offering to sell a PCI or SEGS slabbed coin for an outrageous price - and guess who takes first place that week ? In the past, I have seen every TPG there is ranked as number 1 at one time or another.
Hmm, thats too bad. Event with the small sample size, with a tiny bit of extra effort they could avoid such problems. Thank you for the clarification.
