Just seems like the mother of all outliers. Checking out the late-2018 CDN Greysheets and will report back.....
The PCGS Value app shows that two PCGS slabs last sold in 2020 for $31,200 and $13,200 while two NGC slabs sold for $10,500 and $10,600 in 2021.
For an MS-67 1927 Saint ? Heritage has a few PCGS MS-67's going off in February so I'll see what happens relative to recent NGC's. I did confirm ~$5,500 or so in late-2018 for an NGC MS-67 but couldn't find any PCGS sales at that time. But the wide gap isn't there today (~30% apparently from 2020-21) so it either was a gap that happened just in 2018 or thereabouts...OR....it was 2018 and before for whatever reason. Maybe alot of NGC graded 1927's were out there and some were overgraded, I don't know. Looks like NGC prices cratered relative to the market rather than PCGS got super-inflated.
Guess I'm just yelling at air. Wont waste anymore time on this. Takes less than a minute to find most prices but good luck
Can't find any PCGS and NGC sales at the same time, that's what I need. They seem to go off at different times. Should have PCGS and NGC prices comparable later next month.
The two PCGS 67's were auctioned by Heritage; the most expensive one had a green bean and Fox pedigree. One NGC example was auctioned by Heritage and the other by David Lawrence.
Pedigree is becoming a larger component when well marketed. CAC and bean add value as you have noted. Also, at the higher end, registry sets may be a component. But assigning values both reflect a market and create a market. If not, you would not have so many referencing price lists when offered at auction. If a single sale significantly changes a market, I would look for some missing component like a rare variety or die state which is not noted. This is common with outliers in Early Cents, but is also true for other variety collectors in other series. All these are rational reasons for a discrepancy and then you have the irrational ones like auction frenzy. You never know when that will strike.
Exactly! That's why I use recent auction prices as a rough guide. When I see an outlier I pretty much ignore it for many of the reasons you mentioned.
Not all MS-67's are MS-67's. Without many auctions to go on, the specific coins sold could have been perceived to be MS-66+, or MS-67+, or solid for the grade vs. lower end for the grade. That would account for significant differences in sale prices.