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PCGS sub has arrived - Guess the Grade (Part 3 of 5)
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<p>[QUOTE="ddddd, post: 7839248, member: 22377"]I sent most of these because I thought the grading costs would be justified if a few of the coins increased in grade or even stayed the same as the PCGS grade. The market tends to price PCGS coins higher. There is also the PCGS TrueView photo; I have criticized them in the past (and still think some can be too optimistic) but I also know that people pay more for coins with TrueView photos. There are also some buyers that won't buy a coin without a TrueView. I had one Morgan that I sold for $500 and the guy resold it for $200 more simply by sending the coin in for a TrueView (I knew the buyer and he told me that the picture was the reason he was willing to pay the $700 but passed when I was selling at $500).</p><p><br /></p><p>A quick summary of the reasoning behind sending in the two coins revealed so far:</p><p>~Part 1: the coin had nice color and looked better than a 64; I was disappointed that it did not get the 65 I thought it could but adding the TrueView photo will most likely cover the grading costs (although I don't plan to sell this one; it's going into my collection).</p><p>~Part 2: the coin was NGC AT and I disagreed with that determination. PCGS agreed with me that the color was natural and gave the coin a 63. As an NGC AT, the market value was limited but in the new (more appropriate) grade (and holder), the coin would sell for more than my original cost plus PCGS grading fees.[/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 7839248, member: 22377"]I sent most of these because I thought the grading costs would be justified if a few of the coins increased in grade or even stayed the same as the PCGS grade. The market tends to price PCGS coins higher. There is also the PCGS TrueView photo; I have criticized them in the past (and still think some can be too optimistic) but I also know that people pay more for coins with TrueView photos. There are also some buyers that won't buy a coin without a TrueView. I had one Morgan that I sold for $500 and the guy resold it for $200 more simply by sending the coin in for a TrueView (I knew the buyer and he told me that the picture was the reason he was willing to pay the $700 but passed when I was selling at $500). A quick summary of the reasoning behind sending in the two coins revealed so far: ~Part 1: the coin had nice color and looked better than a 64; I was disappointed that it did not get the 65 I thought it could but adding the TrueView photo will most likely cover the grading costs (although I don't plan to sell this one; it's going into my collection). ~Part 2: the coin was NGC AT and I disagreed with that determination. PCGS agreed with me that the color was natural and gave the coin a 63. As an NGC AT, the market value was limited but in the new (more appropriate) grade (and holder), the coin would sell for more than my original cost plus PCGS grading fees.[/QUOTE]
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PCGS sub has arrived - Guess the Grade (Part 3 of 5)
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