An Analysis of POP Reports of PCGS and NGC 70 Grades...

Discussion in 'US Coins Forum' started by Midas, Mar 1, 2006.

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  1. Speedy

    Speedy Researching Coins Supporter

    ha ha ha....you don't think it might just be that one coin has more bag marks or such than the other one?....that doesn' t make "cents"

    This whole topic is really crazy.....Greg made a great point....if you want a company that doesn't give out many 70's why not pick ANAC????

    Speedy
     
    Speedy, Apr 19, 2006
    #61 + Quote Reply
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  3. Midas

    Midas Coin Hoarder

    or 66's or 67's...
     
    Midas, Apr 19, 2006
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  4. Speedy

    Speedy Researching Coins Supporter

    If you want a company that doesn't give out many 66's or 67's go with SGS!!!!!!

    Really Midas....

    Speedy
     
    Speedy, Apr 19, 2006
    #63 + Quote Reply
  5. Midas

    Midas Coin Hoarder

    This is from Coin World...interesting reading about POP reports with NGC and PCGS:

    1/15/2007

    "Variations in grading service standards may also be revealing themselves. For example, PCGS has graded a mere two Jefferson 5-cent coins as MS-70 since and including the 2004 design changes while NGC has graded in excess of 9,501 MS-70 coins of the same dates as of its October 2006 report.

    This compares to 11,855 2004 to date 5-cent coins graded Mint State by PCGS and 53,246 graded Mint State by NGC. NGC has graded about 4.5 times as many 2004-to-date Jefferson 5-cent coins as PCGS, and nearly 18 percent of these NGC-graded 5-cent coins grade MS-70. If the same percentage were applied to these same PCGS-graded issues, PCGS would have graded about 2,115 as MS-70."

    Let me see if I can understand this...

    Total 2004 5 cent coins submitted to PCGS: 11,855

    Number of MS70 grades awarded: 2
    % of this given coin's submissions receiving MS70 grades: .017%

    ******************************************

    Total 2004 5 cent coins submitted to NGC: 53,246

    Number of MS70 grades awarded: 9,501
    % of this coin's submissions receiving MS70 grades: 17.84%

    Interesting...don't you think?
     
    Midas, Jan 16, 2007
    #64 + Quote Reply
  6. GDJMSP

    GDJMSP Numismatist Moderator

    Yeah, it is. It tells me two things, one it tells me that a lot more of these coins are being submitted to NGC than are being submitted to PCGS - almost 5 times as many. And two, it tells me that if NGC thinks a coin is worthy of the 70 grade - then they give it one. For apparently NGC, unlike PCGS, has no ulterior motive for not assigning the 70 grade.

    Now I realize that you think there is another reason entirely, you think the reason is because PCGS is much tougher on grading standards than NGC is. If I am mistaken you may correct me of course.
     
    GDJMSP, Jan 16, 2007
    #65 + Quote Reply
  7. Midas

    Midas Coin Hoarder

    Well...as they say on "The Factor", we will let the audience (market) decide.

    What better indicator than with actual realized prices from the likes of eBay, Heritage,Teletrade and others?
     
    Midas, Jan 16, 2007
    #66 + Quote Reply
  8. GDJMSP

    GDJMSP Numismatist Moderator

    We've had that discussion before Midas, beat it to death even. But I still enjoy talking to you - always have - so I don't mind repeating myself again :smile

    It is my opinion, that the reason PCGS slabbed coins garner higher prices is because collectors have the same mistaken impression that PCGS has tougher grading standards - largely because PCGS hardly ever assigns the 70 grade.
     
    GDJMSP, Jan 16, 2007
    #67 + Quote Reply
  9. Midas

    Midas Coin Hoarder

    OK...fair enough.
     
    Midas, Jan 16, 2007
    #68 + Quote Reply
  10. 09S-V.D.B

    09S-V.D.B Coin Hoarder

    Does the fact that PCGS 70's sell for more than NGC 70's mean PCGS is a more accurate/stricter grader? No. It only means the market perceives PCGS 70's to be more accurately graded (better, if you will) than equivalent NGC 70's.
     
    09S-V.D.B, Jan 16, 2007
    #69 + Quote Reply
  11. Old Silver

    Old Silver New Member

    Actually I think NGC hired the grader from SGS!!:)
     
    Old Silver, Jan 17, 2007
    #70 + Quote Reply
  12. GDJMSP

    GDJMSP Numismatist Moderator


    No, they actually took them from PCGS. I'll leave it to you to figure out what that means if anything.
     
    GDJMSP, Jan 17, 2007
    #71 + Quote Reply
  13. Midas

    Midas Coin Hoarder

    This thread is a good reason why PCGS coins carry a premium over NGC coins...IMO!!
     
    Midas, Jul 1, 2007
    #72 + Quote Reply
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