Hope this in the right forum. I was wondering what makes a NGC graded coin on ebay worth more than a ANACS or PCGS graded on ebay? Thanks, SM
It just depends beacuse EBAY is really a game of chance.Usually though the PCGS brings a little more.
Individual auctions aren't really a good guide to price - too many variables. Two people who really, really really need that particular item may be bidding, resulting in an excessively high bid. The pictures and/or description and/or reputation of the seller may be so bad that not many bidders are interested, resulting in an excessively low bid. And so it goes. It is when you can find several auctions for the same thing, in comparable condition, that their average hammer price+S/H will usually be a pretty accurate picture of current value, because all those variables are balanced out.
Grade and price To add a little more to this, out of the top three or four grading companys what would you folks that buy on Ebay or other auctions use for a price guide line to see if it is a fair deal. Not just because you need it.
That's what Roy was explaining below - you take an average of the prices realized in the closed auctions on ebay itself.
Look at Heritage Auctions and PCGS far outpaces prices realized over NGC than over ANACS than over ICG...see for yourself. Even for the "same" coin in the same grade: http://www.heritagecoins.com/auctions/
Personally no - I have yet to see any book, newspaper or magazine that was even close to accurate - with one exception. You can use the Coin Dealer's Newsletter also known as the Grey sheet. This weekly publication does list wholesale prices on an accurate basis - most of the time.
I would think that the grading services that are the most consistent and the most conservative (if there is such a combination) would get the highest prices. For example, if PCGS conservatively grades a coin as MS-63 that the others grade as MS-65, it will get as much money as a MS-65 coin from the other services, and therefore more than a MS-63 from the other services.
You're right Bacchus, that SHOULD be how it works - unfortunately it doesn't. Spend enough time looking at enough coins and that soon becomes apparent. In my opinion - PCGS is likely one of, if not the most inconsistent grading company there is. And they are certainly not the most conservative. But yet - the coins in their slabs still sell for more than the others. Although that has been changing and things are becoming more equal in that regard.
