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<p>[QUOTE=&quot;Midas, post: 116384, member: 2761&quot;]I watched the &quot;grading&quot; seminar that took place at the FUN show this past January.&nbsp; Bower, Travers and all of the big guys in numismatics were there taking questions.&nbsp; Matter of fact, you can watch the video of this meeting by going to PCGS&#039;s website:</p><p><br /></p><p><a href="http://www.pcgs.com/articles/article_view.chtml?artid=4641&amp;universeid=313" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/articles/article_view.chtml?artid=4641&amp;universeid=313" rel="nofollow">http://www.pcgs.com/articles/article_view.chtml?artid=4641&amp;universeid=313</a></p><p><br /></p><p>One thing I took away from listening to these guys is that no two coins are identical.&nbsp; No two MS69&#039;s are identical.&nbsp; One may have a hair line here and the other else where.&nbsp; Still, both coins may grade out at the same grade, but we really have to state, they are NOT the same!</p><p><br /></p><p>The purpose of my analysis was to demonstrate that some of these numbers from PCGS to NGC are <u>dramatically</u> differant.&nbsp; I hear from supporters of NGC that NGC obviously gets more 70 coins coming across their submission tables than PCGS, but I don&#039;t buy it.&nbsp; When you see NGC hand out 3, 5, 7, 10 times more 70 grades than PCGS, you would think the market would respond...and the market has!</p><p><br /></p><p>For instance, I talked to many dealers about this subject just yesterday at the Palm Beach Show in West Palm.&nbsp; One dealer had boxes and boxes of NGC slabbed coins for sale.&nbsp; $15 per NGC slab, $20 per NGC graded coin all the way to $40.&nbsp; He had two tables of just a hodge podge of all NGC slabbed coins for less than $40. (right across from the NGC booth who was sponsoring this meeting!)&nbsp;&nbsp; This dealer had 100&#039;s of PR69UCAM 2004 and 2005 nickels for sale at $15 each! (no Bison&#039;s) and he told me that he is trying to get rid of them because there are so many out there.&nbsp; Another dealer told me, that if a modern is graded PR69UCAM by NGC, it is worth at least 25% less than &quot;same&quot; coin slabbed by PCGS!&nbsp; He summed it up as &quot;market perception&quot; and that NGC is more liberal on grading proofs and MS coins than PCGS.&nbsp; Don&#039;t beleive me...Look up a Lincoln MS66RD for <u>any</u> date from 1930 going forward.&nbsp;&nbsp; PCGS&#039;s MS66RD&#039;s cost and sell for WAY more dollars than NGC MS66RD Lincolns.&nbsp; Are all of these buyers that stupid...or do these buyers trust a PCGS 66RD more so than a NGC66RD?&nbsp; Somebody (a lot of somebody&#039;s) is demonstrating this market forces in action!</p><p><br /></p><p>Sure they are exceptions here and there...but all things being equal, what I have seen, and dealers have told me face-to-face that if you have a 1914-D Lincoln graded by PCGS as AU55 and the same coin graded by NGC as AU55, the PCGS coin will sell for dramatically more dollars.&nbsp; Blame it on registry sets!?!&nbsp; Well, NGC has registry sets too!</p><p><br /></p><p>I buy slabbed coins for a number of reasons outlined in &quot;why slabs?&quot;, but when it comes to liquidating my collection (goal date of 2010), I want the highest bucks I can get...and I will realize that with PCGS over everybody else hands down![/QUOTE]</p><p><br /></p>

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