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Do pcgs slabbed coins demand more? Poll #2
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<p>[QUOTE="Lehigh96, post: 850742, member: 15309"]I voted yes to answer your question because it is indisputable that PCGS graded coins currently realize higher prices. However, that does not mean that PCGS is a better grading company or that they have stricter standards across the board. PCGS does have stricter standards for certain series, Jefferson Nickels for example, but not all. </p><p> </p><p>I believe there are several factors the influence the prices of PCGS graded coins. First, Breakdown mentioned the difference in registry participation which increases demand for PCGS graded coins. Second, PCGS does a much better job of marketing their product than NGC. There are also some major dealers that are publicly in favor of PCGS over the other TPG's. While this may not seem sinister, it becomes more shady when the support is derived from interpersonal relationships rather than confidence in the service. Lastly, PCGS publishes their own price guide just like Numismedia does for NGC. From my experience, Numismedia uses auction archives to determine the wholesale prices for most of their listings. It appears to me that PCGS publishes deliberately high prices in an attempt to artificially raise prices.</p><p> </p><p>Remember, these are not facts, they are my opinions. However, I recall a poll on Cointalk that asked which TPG was better (PCGS or NGC) and the results were almost exactly 50/50. So if the same membership recognizes that PCGS coins realize higher prices but the TPG's are equal in quality, wouldn't that mean that PCGS coins are simply overpriced due to too much koolaid. </p><p> </p><p>I recognize that PCGS coins currently realize higher prices but have no faith that it will stay that way. In other words, I would much rather sell PCGS coins than buy them right now.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 850742, member: 15309"]I voted yes to answer your question because it is indisputable that PCGS graded coins currently realize higher prices. However, that does not mean that PCGS is a better grading company or that they have stricter standards across the board. PCGS does have stricter standards for certain series, Jefferson Nickels for example, but not all. I believe there are several factors the influence the prices of PCGS graded coins. First, Breakdown mentioned the difference in registry participation which increases demand for PCGS graded coins. Second, PCGS does a much better job of marketing their product than NGC. There are also some major dealers that are publicly in favor of PCGS over the other TPG's. While this may not seem sinister, it becomes more shady when the support is derived from interpersonal relationships rather than confidence in the service. Lastly, PCGS publishes their own price guide just like Numismedia does for NGC. From my experience, Numismedia uses auction archives to determine the wholesale prices for most of their listings. It appears to me that PCGS publishes deliberately high prices in an attempt to artificially raise prices. Remember, these are not facts, they are my opinions. However, I recall a poll on Cointalk that asked which TPG was better (PCGS or NGC) and the results were almost exactly 50/50. So if the same membership recognizes that PCGS coins realize higher prices but the TPG's are equal in quality, wouldn't that mean that PCGS coins are simply overpriced due to too much koolaid. I recognize that PCGS coins currently realize higher prices but have no faith that it will stay that way. In other words, I would much rather sell PCGS coins than buy them right now.[/QUOTE]
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Do pcgs slabbed coins demand more? Poll #2
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