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How much does a PCGS grade add to a coins value?
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<p>[QUOTE="drbrummer, post: 3174063, member: 76441"]This is an interesting topic and question. In my opinion, ldhair has said it best thus far:</p><p><br /></p><p><br /></p><p><br /></p><p>So, even though some people feel no value is added by certification, many others do. Essentially, choice coins will bring prices greater than poor or average coins in the same grade. Since PCGS has been certifying coins since 1986 and NGC since 1987, the odds are fairly strong that a high percentage of choice coins have been sent in at least once in the past 30+ years. With a higher percentage of choice coins migrating into slabs, slabbed coin prices may often reflect this in their pricing. Similarly, CAC helps collectors further to sort these choice coins. As a result, CAC coins will often fall higher on the choice spectrum and bring higher prices. There are obviously exceptions, but in general, these rules hold true. </p><p><br /></p><p>I have read many times that for coin pricing, simple supply vs demand is not fully accurate. It is the DEMAND side of things that significantly shapes the pricing structure of coins. My current experience is that two separate coin markets appear to be forming. One with exceptionally high demand for choice coins and another with average to below average demand for less choice specimens. A practiced, astute, collector or dealer can be very successful at making money with coins if they are able to pay closer to average pricing but select choice coins for their purchases. This may require significant patience and passing on many coins but should be successful in the long run...[/QUOTE]</p><p><br /></p>
[QUOTE="drbrummer, post: 3174063, member: 76441"]This is an interesting topic and question. In my opinion, ldhair has said it best thus far: So, even though some people feel no value is added by certification, many others do. Essentially, choice coins will bring prices greater than poor or average coins in the same grade. Since PCGS has been certifying coins since 1986 and NGC since 1987, the odds are fairly strong that a high percentage of choice coins have been sent in at least once in the past 30+ years. With a higher percentage of choice coins migrating into slabs, slabbed coin prices may often reflect this in their pricing. Similarly, CAC helps collectors further to sort these choice coins. As a result, CAC coins will often fall higher on the choice spectrum and bring higher prices. There are obviously exceptions, but in general, these rules hold true. I have read many times that for coin pricing, simple supply vs demand is not fully accurate. It is the DEMAND side of things that significantly shapes the pricing structure of coins. My current experience is that two separate coin markets appear to be forming. One with exceptionally high demand for choice coins and another with average to below average demand for less choice specimens. A practiced, astute, collector or dealer can be very successful at making money with coins if they are able to pay closer to average pricing but select choice coins for their purchases. This may require significant patience and passing on many coins but should be successful in the long run...[/QUOTE]
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How much does a PCGS grade add to a coins value?
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