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<p>[QUOTE=&quot;brg5658, post: 1271324, member: 29751&quot;]Disclaimer:&nbsp; I have many coins from PCGS and NGC.&nbsp; Both are better than any other TPG that comes in a distant 3rd (in my opinion).&nbsp; I have seen egregious errors made by both companies, but for the most part they get it right.</p><p><br /></p><p>-----------------------------------</p><p><br /></p><p>PCGS has in many ways created their own increased demand and thus higher prices paid.&nbsp; Let me explain:&nbsp; </p><p><br /></p><p>They only allow PCGS coins in their Registry Sets, whereas NGC allows both NGC and PCGS coins.&nbsp; Many people play the registry game, and the whispering on the street has been for many years that PCGS is more strict in their grading.&nbsp; Until there is some subjective study of the same coins being sent to both companies, I don&#039;t believe this argument.&nbsp; Can someone point me to a comparison study which has &quot;blinded to NGC and PCGS&quot; submitted the same coins (more than one coin) to PCGS and NGC across many different series and reported back the results of the grading??&nbsp; Until a proper comparison study across many series and with sufficient sample sizes to draw inferences has been done, then any talk of PCGS being more conservative is just personal opinion of people who, for all I know, have an agenda one way or the other.</p><p><br /></p><p>I can say though, the only grade ranges where PCGS coins demand a much higher price than their NGC equivalents is in the highest grades.&nbsp; If you have an MS66RD Lincoln from the 1940s or 1950s, there is no difference in the price you will pay for PCGS vs. NGC.&nbsp; If you have an MS67RD or MS68RD, they you will pay significantly more for PCGS.&nbsp; Similarly, if you have an MS64 or MS63 Morgan, the prices will be about the same at a true auction.&nbsp; IF they coin is a top population or one notch below then PCGS will demand a premium.&nbsp; <u><b>BUT</b></u>, most of this difference in price is likely because the type of people who are bidding on that coin are often if not always someone trying to build a PCGS Registry Set.&nbsp; Again, I repeat, PCGS has created their own demand for their plastic.</p><p><br /></p><p>Whenever I see this PCGS vs. NGC argument surface (which seems to be pretty often) one thing comes to my mind.&nbsp; Back in 2006 PCGS announced that they had graded the first MS70 Lincoln Business Strike Cent.&nbsp; It was a big deal for Lincoln Cent collectors...(See story here:&nbsp; <a href="http://www.pcgs.com/Articles/Detail/4779" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/Articles/Detail/4779" rel="nofollow">http://www.pcgs.com/Articles/Detail/4779</a></p><p>).&nbsp; Well, needless to say, they got it wrong.&nbsp; After the coin sold for a Lot of money, PCGS has to eat crow and pay the difference, and they downgraded the coin to MS69.&nbsp; See picture below, and look up the Cert Number on the PCGS website...it&#039;s no longer an MS70.</p><p><br /></p><p>[ATTACH]139248.vB[/ATTACH]</p><p><br /></p><p>As another example, PCGS has graded 2 Kennedy 2011-P Halves as MS69.&nbsp; These are about as rare as hen&#039;s teeth, but I also don&#039;t believe that if they were cracked out and submitted to NGC (or even resubmitted to PCGS) they would grade MS69.&nbsp; And, I certainly would never pay the $5000 + they are currently asking for an example in this grade.&nbsp; <b><u>BUT</u></b>, I&#039;m sure someone will pay that to keep their PCGS registry set at #1.[/QUOTE]</p><p><br /></p>

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