Wow...I really appreciate you taking the time to share your insight! I collected years ago, but "life" got in the way and I only returned in 2005. TPG grading was completely new to me then and I'm learning as I go. I have quite a few coins in various grades from both companies and find their standards to be very close...which is why I was questioning the prices. There are coins priced thousands of dollars apart, but appear identical. It really helps to hear of the evolution of TPGraders. :bow:
One other thing that hasn't been mentiond yet yakpoo. I have said a thousand times that you can go to 2 different dealers and get an asking price, on the same coin slabbed by the same TPG in the same grade and dealer 1 will be asking double what dealer 2 is asking. That 1893 nickel I posted about is a perfect example of that. Both of those coins are the finest known for the date and mint and there are only 12 in that grade. Yet one is asking $8000 while the other is asking $4000. And you know what, both will probably sell at those prices. So what does that tell you ?
One thing worth mentioning is there are a lot of fine dealers who sell very few NGC coins, some not at all. A few to mention -- Pinnacle, Legend, PQDollars, Bill Shamhart (Numisatic Americana), Larry Whitlow. Of the dealers I have bought many coins from, Mark Feld is one of the few that sells quite a few NGC coins.
Some can't decide who is best or if we should trust any of these guys. Let's say you have three coins in front of you. All three are identical. All three are the same price. One is in just a paper plastic window holder. One of them is NGC graded. One is PCGS graded. Which one would you buy?
No three coins are identical in my book. You've got an interesting point of conversation but since this thread is 6 years old, you might do better starting a new thread. Welcome to CT!
In my experiences of purchasing I have never seen a price difference of a similar coin because of the PCGS or NGC slab. I have seen a small price increase because of a CAC sticker. IMHO, NGC and PCGS grading services are about the same.
It is predominantly market perception and even where there is an actual quality difference, not necessarily proportionate. This is even more evident between grades (and especially the highest ones) which makes even less sense.
Forget the company. Buy the coin, not the slab. If you believe something shouldn't make the grade displayed on the slab, don't buy it. It's as simple as that. If you see something that is good for the grade the TPG gave it, then by all means buy it.
It,s like buying a new car...do you pay the suggested retail price, or do you offer what it,s actually worth?
Me too - Are these asking prices or actual sales? Also, I have never slabbed a coin. I got mine in the '60s. Do I understand they have to be shipped to Paris for a PCGS grade? Thanks!
For US coins at least there are differences with how the two grade, they're both very consistent within their own standards but their standards are slightly different. While it is true the majority of coins would grade the exact same at either service we do see some differences around big price jumps and it does seem NGC is more willing to give high grades on technically strong ugly coins then PCGS is. The EAC grading book found PCGS to be more conservative on higher grade early copper as an example. There certainly are many fine coins in NGC plastic though and with world coins it doesn't really seem to apply Almost forgot, basically any modern coin with toning especially colorful toning will almost always get AT from NGC even went sent in the OGP. PCGS is the only real option for toned ASEs ect at this time. PCGS on the other hand could certainly learn from NGC and start designating more than just Morgans as PL No they do not. PCGS main office is in CA, NGCs main is in FL. Both have offices in China and Europe and I believe both are in Hong Kong as well.
"Almost forgot, basically any modern coin with toning especially colorful toning will almost always get AT from NGC even went sent in the OGP. PCGS is the only real option for toned ASEs ect at this time. PCGS on the other hand could certainly learn from NGC and start designating more than just Morgans as PL" Thanks for taking the time to reply. Like I said, I am new to the slabbed world. I don't know what AT, OGP, and ASE mean. My main collection is an original set of commems, acquired in the '60s and considered BU, Gem BU, PL,good strike, etc.. I used to have a hi-grade U.S. Type set but my other son sold it back to the dealer I bought them from for $95 worth of weed. I just turned 81 and want to dispose of them rather than have my wife have to bother with them. My other son, who I shared each and every coin with, passed away 2 years ago and I have no one left to leave them to. I started reading threads on different coin sites and now, all of a sudden, I am all enthused about coins and collecting again. One more thing - I am kind of leery about having to put my address, phone #, etc. online to register for these different forums. I have done it but don't really like it. Thanks - Rick
