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<p>[QUOTE=&quot;NorthKorea, post: 2544370, member: 29643&quot;]The biggest issue b/t the two is that NGC accepts PCGS coins for their version of the Registry, while PCGS only accepts PCGS coins into their Registry. As such, the market for high end PCGS coins is wider (PCGS &amp; NGC registry chasers) than for NGC coins (NGC only registry chasers). This affects the highest graded examples in auctions, which *also* leads to a perception that &quot;the best coins end up in PCGS slabs,&quot; since there&#039;s an inherent premium for such. The corollary of this ends up being that non-PGCS slabbed coins are in non-PCGS holders for a reason.</p><p><br /></p><p>People can defend either TPG, but that&#039;s the reality of the market. If NGC wanted to boost their coin prices, they&#039;d kick PCGS coins out of the registry and offer significantly better &quot;prizes&quot; than PCGS does. The risk, of course, is that those with primarily PCGS collections may abandon NGC altogether.</p><p><br /></p><p>NGC chose to accept PCGS coins into their registry, because they realize that for high-end US coins, PCGS defines the market. The hope was (and still is, I suppose) that PCGS users would migrate to NGC if they saw the value NGC offers by participating in their registry. I&#039;m not sure if the plan has worked or not, as I&#039;m not a registry chaser.</p><p><br /></p><p>Now, the question I have for OP is:</p><p><br /></p><p>Are PCGS coins overpriced or are NGC coins overgraded?[/QUOTE]</p><p><br /></p>

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