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An Analysis of POP Reports of PCGS and NGC 70 Grades...
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<p>[QUOTE="Midas, post: 116741, member: 2761"]Look at the total amount of submissions for a given coin. Then take the amount of 70 grades divided by the this total to come up with a decimal number. Multiply this by 100, add the % sign and that is how you can look at these numbers, <u>service</u> to <u>service</u>!</p><p> </p><p>For instance, and even though it has been noted I collect primarily Lincolns, lets look at a couple first year issues: <b>1986 MS American Silver Eagle</b> and the <b>2000-S SAC Proof dollar</b>: Both of these coins sold out quickly as you would expect with a first year issue. As time elapsed, I can confidently say that the majority of these coins that WERE going to be submittd, have in fact been submitted to the TPG's.</p><p> </p><p>Again, it is also my contention that the number of submitters who would actually break out one of these submissions from another grading service in hope of a obtaining a higher grade or cross-over would have been very small. So I believe these numbers are accurate.</p><p> </p><p>So let's go back to real numbers and not opinions:</p><p> </p><p><b>1986 MS American Silver Eagle:</b></p><p> </p><p>PCGS reported that they graded 3,710 submissions. Out of these submissions, 3 received a MS70 grade. 3 divided by 3710 equals .0008086. Multiply that by 100, add the % notation and you get: <b>.0808%</b> of all submissions received the 70 grade.</p><p> </p><p>For MS69 grades, PCGS awarded 2,728 grades or 73.53% of all submissions.</p><p> </p><p>NGC reported that they graded 38,476 submissions! Out of these submissions, 447 received a MS70 grade. 447 divided by 38,476 equals .011617. Multiply that by 100, add the % notation and you get: <b>1.1661%</b> of all submissions received the 70 grade.</p><p> </p><p>For MS69 grades, NGC awarded 37,828 grades or 98.32 of all submissions.</p><p> </p><p>Just for this coin alone, NGC awarded grades of MS69 or higher at a rate of <b>99.48%</b>. PCGS only awarded MS69 or higher grades to the rate of <b>73.61%</b></p><p> </p><p><b>Compared to PCGS, NGC handed out over <span style="color: red">14 times</span> MORE 70 grades.</b> Yes, as per your post they graded more and I am sure some people would say (without any fact or support basis) that NGC is probably getting better coins and submissions over PCGS, but you draw your own conclusions.</p><p> </p><p><b>What about those 2000-S SAC Proof $1's?:</b></p><p> </p><p>Here the number of submissions is pretty even.</p><p> </p><p>Out of these 2000-S SAC Proof submissions, <b>PCGS</b> awarded 31 PR70DCAM grades out of <u>6,027 submissions</u>. That equals <b>.514%</b>.</p><p> </p><p>They also awarded 5,129 PR69DCAM grades which equals to: 85.10%</p><p> </p><p>Out of these 2000-S SAC Proof submissions, <b>NGC</b> awarded 344 PR70UCAM grades out of <u>6,087 submissions</u>. That equals <b>5.65%.</b></p><p> </p><p>They also awarded 5,523 PR69UCAM grades which equals to: 90.73%</p><p> </p><p><b>Conclusion:</b> <b>NGC awarded almost <span style="color: red">11 times</span> more 70 grades than PCGS.</b> Also, they awarded more 69UCAM grades as a percentage compared to PCGS.</p><p> </p><p><br /></p><p>More likely than none, yes. </p><p> </p><p>A NGC PR70UCAM is worth more than a PCGS 69DCAM, but no where as much as a PCGS PR70DCAM. When you analyse the total about of submissions and the percentage of those coins that were awarded a 70 <u>and</u> 69 grades for NGC compared to PCGS, the numbers have proved that NGC awards these submissions 3, 5, 10, sometimes 15 times MORE than 70 grades compared to the percentage of 70 grades awarded by PCGS. </p><p> </p><p>Also NGC awards more 69 grades as well. The numismatic community (at least at the Florida FUN show) along with the majority of marketplace recognizes this, and hence the reason why NGC 70 coins do NOT carry the market premiums as do PCGS 70 grades. It is also another reason why PCGS 69 grades carry more weight than NGC as well. </p><p> </p><p>As I stated earlier, just because a coin was awarded a given grade of say, 69DCAM, it still would be very unlikely that a submitter would break it and resubmit it to either the NGC or PCGS. You have to take the cost of acquiring the coin along with submission costs and their S&H to justify if such an action is worth it.[/QUOTE]</p><p><br /></p>
[QUOTE="Midas, post: 116741, member: 2761"]Look at the total amount of submissions for a given coin. Then take the amount of 70 grades divided by the this total to come up with a decimal number. Multiply this by 100, add the % sign and that is how you can look at these numbers, [U]service[/U] to [U]service[/U]! For instance, and even though it has been noted I collect primarily Lincolns, lets look at a couple first year issues: [B]1986 MS American Silver Eagle[/B] and the [B]2000-S SAC Proof dollar[/B]: Both of these coins sold out quickly as you would expect with a first year issue. As time elapsed, I can confidently say that the majority of these coins that WERE going to be submittd, have in fact been submitted to the TPG's. Again, it is also my contention that the number of submitters who would actually break out one of these submissions from another grading service in hope of a obtaining a higher grade or cross-over would have been very small. So I believe these numbers are accurate. So let's go back to real numbers and not opinions: [B]1986 MS American Silver Eagle:[/B] PCGS reported that they graded 3,710 submissions. Out of these submissions, 3 received a MS70 grade. 3 divided by 3710 equals .0008086. Multiply that by 100, add the % notation and you get: [B].0808%[/B] of all submissions received the 70 grade. For MS69 grades, PCGS awarded 2,728 grades or 73.53% of all submissions. NGC reported that they graded 38,476 submissions! Out of these submissions, 447 received a MS70 grade. 447 divided by 38,476 equals .011617. Multiply that by 100, add the % notation and you get: [B]1.1661%[/B] of all submissions received the 70 grade. For MS69 grades, NGC awarded 37,828 grades or 98.32 of all submissions. Just for this coin alone, NGC awarded grades of MS69 or higher at a rate of [B]99.48%[/B]. PCGS only awarded MS69 or higher grades to the rate of [B]73.61%[/B] [B]Compared to PCGS, NGC handed out over [COLOR=red]14 times[/COLOR] MORE 70 grades.[/B] Yes, as per your post they graded more and I am sure some people would say (without any fact or support basis) that NGC is probably getting better coins and submissions over PCGS, but you draw your own conclusions. [B]What about those 2000-S SAC Proof $1's?:[/B] Here the number of submissions is pretty even. Out of these 2000-S SAC Proof submissions, [B]PCGS[/B] awarded 31 PR70DCAM grades out of [U]6,027 submissions[/U]. That equals [B].514%[/B]. They also awarded 5,129 PR69DCAM grades which equals to: 85.10% Out of these 2000-S SAC Proof submissions, [B]NGC[/B] awarded 344 PR70UCAM grades out of [U]6,087 submissions[/U]. That equals [B]5.65%.[/B] They also awarded 5,523 PR69UCAM grades which equals to: 90.73% [B]Conclusion:[/B] [B]NGC awarded almost [COLOR=red]11 times[/COLOR] more 70 grades than PCGS.[/B] Also, they awarded more 69UCAM grades as a percentage compared to PCGS. More likely than none, yes. A NGC PR70UCAM is worth more than a PCGS 69DCAM, but no where as much as a PCGS PR70DCAM. When you analyse the total about of submissions and the percentage of those coins that were awarded a 70 [U]and[/U] 69 grades for NGC compared to PCGS, the numbers have proved that NGC awards these submissions 3, 5, 10, sometimes 15 times MORE than 70 grades compared to the percentage of 70 grades awarded by PCGS. Also NGC awards more 69 grades as well. The numismatic community (at least at the Florida FUN show) along with the majority of marketplace recognizes this, and hence the reason why NGC 70 coins do NOT carry the market premiums as do PCGS 70 grades. It is also another reason why PCGS 69 grades carry more weight than NGC as well. As I stated earlier, just because a coin was awarded a given grade of say, 69DCAM, it still would be very unlikely that a submitter would break it and resubmit it to either the NGC or PCGS. You have to take the cost of acquiring the coin along with submission costs and their S&H to justify if such an action is worth it.[/QUOTE]
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An Analysis of POP Reports of PCGS and NGC 70 Grades...
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