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<p>[QUOTE=&quot;Lehigh96, post: 419893, member: 15309&quot;]Gopher,</p><p><br /></p><p>I am going to try to ignore most of the responses to you OP since they don&#039;t really address the issue that you raised.</p><p><br /></p><p>However, you need to qualify what coins you are talking about when you make the statement about collectors overpaying for PCGS coins.&nbsp; If you look at common date Morgan Dollars in MS64 or MS65, you will find very little difference in price between PCGS and NGC graded coins.&nbsp; If you look at MS67 graded Jefferson Nickels, you will find a huge price difference.&nbsp; Before you criticize people for paying more for PCGS coins, you should examine why they do this.&nbsp; In the case of MS67 Jefferson Nickels for any date, the reason is obvious and the population reports don&#039;t lie.</p><p><br /></p><p>If you don&#039;t believe me, let us take a look.&nbsp; I have listed below the 1945 P-D-S Jefferson Nickel populations and Numismedia Wholesale and PCGS Price guides.</p><p><br /></p><p><b> 1945-P</b>&nbsp; &nbsp; &nbsp; NGC POP 322/2&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; ---------- PCGS POP 33/0&nbsp; &nbsp; &nbsp; &nbsp;&nbsp; ----------- Numismedia Wholesale $160&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; -----------PCGS Price Guide $750</p><p><br /></p><p><b> 1945-D</b>&nbsp; &nbsp; &nbsp; NGC POP 2046/6&nbsp; ----------PCGS POP 112/0----------&nbsp; Numismedia Wholesale $47---------&nbsp; PCGS Price Guide $110</p><p><br /></p><p><b> 1945-S</b>&nbsp; &nbsp; &nbsp; NGC POP 1512/2----------&nbsp;&nbsp; PCGS POP 72/1&nbsp; &nbsp; ----------Numismedia Wholesale $56----------&nbsp; PCGS Price Guide&nbsp; $140</p><p><br /></p><p>You can&#039;t seriously look at the population reports and conclude that the both TPG&#039;s are using the same standard for MS67 for Jefferson Nickels.&nbsp; The fact is that an MS67 PCGS Jefferson Nickel is much more rare than an NGC MS67 Jefferson Nickel.</p><p><br /></p><p>The price guides and prices realized at auction support this fact.&nbsp; If you look at the last 4 NGC 1945-P Jeffs, the average price is $152 which is just below Numismedia Wholesale.&nbsp; The last two PCGS 1945-P MS67&#039;s (that were not monster toned) realized over $500 each.&nbsp; (The auction data referenced is from Heritage Auctions).</p><p><br /></p><p>I am not going to defend the PCGS price guides.&nbsp; I think they are ridiculous.&nbsp; However, it is a plain fact that PCGS grades certain coins more stringently than NGC and the PCGS coins deserve to drive a higher price in these cases.</p><p><br /></p><p>Now that I have concluded my diatribe, I will state that I have no idea why anyone would buy the coin referenced in your OP slabbed or not.&nbsp; I can&#039;t even tell what the heck it is.[/QUOTE]</p><p><br /></p>

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