That'd be interesting to see. Please post - maybe take a pic/scan of the article's pages directly and post here. I don't think that would be copyright infringement, right?
On a similar note to this topic, how has the phenomenon of grade inflation played out since 1972? I hear it's softened in general. I wonder what the future holds. And maybe all of the TPG's will even switch to a different "simpler" numeric system (e.g. out of 100 instead of 70) to further differentiate grades as more and more coins get graded.
Continually upgrading coins in your collection is not what I consider flipping. Flippers usually have little interest in the hobby from an historical or scientific standpoint, and are essentially online and/or vestpocket dealers. Flippers seldom know much about numismatics, unless it is something that can earn them a buck (e.g., they may know checkypicker guide varieties and nuances of a particular coin that may be undergraded in its current slab). Most couldn't tell you how a coin is minted, when milled coinage became the norm, when steam presses were introduced, etc. They are in "the hobby" to make money by constantly flipping inventory. They are not selling a coin here or there to upgrade a coin or build a higher grade collection. It's not a black or white definition though, some people are hybrids. To each his/her own.
Some not asked for advice THAT I NEVER FOLLOW for my collection: It is best to hold out for the best condition you can buy - one that you never need to up-grade. That way, all the money you possibly "give away" or lose each time you up-grade does not enter the equation. But collector up-grades do keep the coin market rolling along.
PCGS can be ridiculous on color bumping, but that coin looks much better than MS64 to these eyes. I think the first grade may have been a mechanical error.
So you sent an NGC graded coin to PCGS and it received a higher grade twice and you say PCGS is slightly more conservative??
Twice out of probably 15 coins total that did not crossover at even the same grade. Perhaps I should have clarified.
I would agree to an extent yet, I have found that bothgrade differently including grading without population reports taken in consideration. I have many Silver & non-Silver graded coins ALL at 70 and by both NGC & PCGS yet, it appears the NGC coins are valued "higher" even though they have more in population. Apparently supply & demand doesn't work at these companies or with the coin auction sites.
TPG generated or endorsed price guides have nothing to do with reality when it comes time to actually sell a coin. It doesn't matter what NGC or PCGS think their coins' values are, it matters what they actually sell for.
Agreed. They're biased marketing tools so by nature they are therefore unreliable especially in comparison to one another
I thought NGC's pricing information on their site was bought/provided by Numismedia, not themselves. Is my thinking correct? Generally, when I'm looking at coins on HA, and I use their pricing information in the listing, PCGS listed pricing is almost always the highest. I believe they over value their product a little bit.
You may be correct with certain types of coins, but my general experience in collecting certified higher grade, scarce date pre-1933 Gold coins is that NGC has a greater listed price, but their product can be acquired at a lesser price than PCGS. My general experience is that consumers prefer to acquire the PCGS product at the NGC real value sales price, given all slab criteria listed equal. I believe that regardless of the TPG, there are great grading disparities (e.g. 2 grades) for higher grade scarce date coins, and buyers often purchase the slab rather than the coin. When "upgrading", I've often offered the same coin (based on slab data) in both NGC and PCGS enclosures, stating a preference for the NGC product, and virtually all have selected the PCGS product. A current real time example is that I have 2 associates wanting a PCGS MS63 graded 1907-D and 1911 $20 Double Eagle coin at C.D.N. "Grey Sheet" pricing. I suggested NGC certification, and both declined. JMHO
Interesting! I don't collect pre-1933 gold. I do have a few examples for my type set, but I can't say with any certainty one way or the other, who's pricing is more accurate. I'm mainly interested in silver coinage and that is what I based my comments on, so I should have added that note. I mainly use HA auction archive information as well as current listings for pricing guidance. In the last year, HA has added a "Heritage Value Index" in which I mostly use for my guidance. As a general rule, I've also noticed PCGS coins selling for higher prices than NGC coins.
Good Day, Guys, maybe you can help me with this situation. I have coin already graded in NGC with MS63. I want to send this coin to NGC once more with theirs cleaning(coin has places which should be cleaned). What would be better to get better grade(if it's possible): 1) Send coin in slab as it is through dealer to cleaning and re-grading. or 2) Brake slab and send only coin through dealer to cleaning and grading. Thank You!
First, welcome to the neighborhood! It depends on what coin it is and what it is that you think needs conservation. Can you post good photos of both sides? Chris
Thank You! Glad to be here Not possible for now to take good photos, but I will try when will have a time. I only want to know, if there are difference how NGC will react if we send coin in slab as it is through dealer to cleaning and re-grading or will brake slab and send only coin to cleaning and grading. I heard that NGC don't give better grade if slab was sent to regrading. Thanks!
Depends on the coin, as said post pictures please. I think if you sent the slab in for NCS I think most coins will suffer a little upgrade on the grade but only on certain coins suffering from certain things.