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How much of a premium do coins carry when certified by PCGS or NGC?
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<p>[QUOTE="Vess1, post: 1400850, member: 13650"]It seems very self explanatory to me. Many coins are purchased online these days. Anything short of excellent photography and lighting makes it all but impossible to adequately grade coins on a computer screen. Many pictures make the coin simply look shiny. It could be AU. It may be MS-64. When values can jump so high from one grade to the next, it's difficult for buyers to take every individual seller's word. Even if they are trusted veterans. They have a vested interest in trying to get as much as possible for what they are selling.</p><p> </p><p> If NGC or PCGS labels a coin a MS-64, most of the time there is no argument and the market accepts it as that. Being a third party, they do not care what the coins grades. It's a third party opinion. That doesn't mean that some MS-64s are a lot nicer than other MS-64s. The buyer still has to be the judge of what should be paid for a slabbed coin based on it's quality. </p><p><br /></p><p> It also requires time and money to get coins in a slab. The product and the authentication/verification inevitably should be worth something extra. It will certainly help sell something. Anybody that says it doesn't matter, isn't or hasn't tried selling anything.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 1400850, member: 13650"]It seems very self explanatory to me. Many coins are purchased online these days. Anything short of excellent photography and lighting makes it all but impossible to adequately grade coins on a computer screen. Many pictures make the coin simply look shiny. It could be AU. It may be MS-64. When values can jump so high from one grade to the next, it's difficult for buyers to take every individual seller's word. Even if they are trusted veterans. They have a vested interest in trying to get as much as possible for what they are selling. If NGC or PCGS labels a coin a MS-64, most of the time there is no argument and the market accepts it as that. Being a third party, they do not care what the coins grades. It's a third party opinion. That doesn't mean that some MS-64s are a lot nicer than other MS-64s. The buyer still has to be the judge of what should be paid for a slabbed coin based on it's quality. It also requires time and money to get coins in a slab. The product and the authentication/verification inevitably should be worth something extra. It will certainly help sell something. Anybody that says it doesn't matter, isn't or hasn't tried selling anything.[/QUOTE]
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How much of a premium do coins carry when certified by PCGS or NGC?
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