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why NGC coins do not cross to PCGS (a theory)
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<p>[QUOTE="GDJMSP, post: 1228439, member: 112"]Well that's a big part of your problem right there. NGC doesn't have a price guide of their own, all they do is copy the Numismedia Price Guide. From the NGC web site - </p><p><br /></p><p><i>"The rare coin values shown in the NGC Coin Price Guide are independently compiled and edited by NumisMedia based on real, documented market transactions."</i></p><p><i><br /></i></p><p><i><br /></i></p><p><i></i>You notice they say "market transactions" - not realized auction results. There is a big difference between the two. Market transactions can be any sale of a coin made by anybody to anybody. As in a dealer selling to a collector, a collector selling to a collector, or an auction result. It can even be an ebay sale.</p><p><br /></p><p>As for the PCGS price guide - </p><p><br /></p><p><i>"The prices listed in the PCGS Price Guide are <b>average dealer asking prices</b> for PCGS-graded coins." </i></p><p><i><br /></i></p><p><i></i>Again, that is taken directly from their web site and the bolding is not mine. And you may also wish to notice that on the PCGS web site, directly under the link for the Price Guide, there is another link - Auction Prices Realized. </p><p><br /></p><p>Rather obviously they are 2 different things.</p><p><br /></p><p>As I have said a thousand times before, forget price guides - all of them ! Throw them out the window. If you want to know the real world value range for any coin then just look them up in the auction results. And if you do that you will soon see that the "belief" of PCGS coins selling for more is largely just so much hot air.</p><p><br /></p><p>Coins don't sell for more because of the plastic they are in. Coins sell for more because they are nicer for the grade than other coins of the same grade - regardless of the plastic they are in. Unless of course there's an idiot buying the coin - or a Koolaid drinker. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Regarding the coin you chose for your comparison, it's a terrible example to use. The reason it's a terrible example is because there are less than 10 coins (graded by PCGS and NGC combined) in PF65 BN or above. There are less than 20 coins of PF BN in all grades - again for PCGS and NGC combined.</p><p><br /></p><p>Now if you changed that to PF65 Red/Brown the combined population jumps to over 50 coins. And if you change it to PF65 Red there are less than 20 with another 20 or more graded higher.</p><p><br /></p><p>So when you're trying to compare something, choose a coin that at least has a large enough population to use for comparison purposes.</p><p><br /></p><p>As for the prices themselves in various grades, you can check them here - <a href="http://coins.ha.com/common/search_results.php?Ntk=SI_Titles-Desc&Ntt=1909%20Proof%20VDB&Nty=1&N=51+790+231+328&chkNotSold=0&Ns" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/search_results.php?Ntk=SI_Titles-Desc&Ntt=1909%20Proof%20VDB&Nty=1&N=51+790+231+328&chkNotSold=0&Ns" rel="nofollow">http://coins.ha.com/common/search_results.php?Ntk=SI_Titles-Desc&Ntt=1909 Proof VDB&Nty=1&N=51+790+231+328&chkNotSold=0&Ns</a>=</p><p><br /></p><p>But pay attention to the dates of the auctions, and even more importantly when you're doing your comparisons - pay attention the coins. You'll quickly see that the reason for the price differences, regardless of the plastic, is because of the coin itself <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1228439, member: 112"]Well that's a big part of your problem right there. NGC doesn't have a price guide of their own, all they do is copy the Numismedia Price Guide. From the NGC web site - [I]"The rare coin values shown in the NGC Coin Price Guide are independently compiled and edited by NumisMedia based on real, documented market transactions." [/I]You notice they say "market transactions" - not realized auction results. There is a big difference between the two. Market transactions can be any sale of a coin made by anybody to anybody. As in a dealer selling to a collector, a collector selling to a collector, or an auction result. It can even be an ebay sale. As for the PCGS price guide - [I]"The prices listed in the PCGS Price Guide are [B]average dealer asking prices[/B] for PCGS-graded coins." [/I]Again, that is taken directly from their web site and the bolding is not mine. And you may also wish to notice that on the PCGS web site, directly under the link for the Price Guide, there is another link - Auction Prices Realized. Rather obviously they are 2 different things. As I have said a thousand times before, forget price guides - all of them ! Throw them out the window. If you want to know the real world value range for any coin then just look them up in the auction results. And if you do that you will soon see that the "belief" of PCGS coins selling for more is largely just so much hot air. Coins don't sell for more because of the plastic they are in. Coins sell for more because they are nicer for the grade than other coins of the same grade - regardless of the plastic they are in. Unless of course there's an idiot buying the coin - or a Koolaid drinker. :rolleyes: Regarding the coin you chose for your comparison, it's a terrible example to use. The reason it's a terrible example is because there are less than 10 coins (graded by PCGS and NGC combined) in PF65 BN or above. There are less than 20 coins of PF BN in all grades - again for PCGS and NGC combined. Now if you changed that to PF65 Red/Brown the combined population jumps to over 50 coins. And if you change it to PF65 Red there are less than 20 with another 20 or more graded higher. So when you're trying to compare something, choose a coin that at least has a large enough population to use for comparison purposes. As for the prices themselves in various grades, you can check them here - [URL]http://coins.ha.com/common/search_results.php?Ntk=SI_Titles-Desc&Ntt=1909%20Proof%20VDB&Nty=1&N=51+790+231+328&chkNotSold=0&Ns[/URL]= But pay attention to the dates of the auctions, and even more importantly when you're doing your comparisons - pay attention the coins. You'll quickly see that the reason for the price differences, regardless of the plastic, is because of the coin itself ;)[/QUOTE]
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why NGC coins do not cross to PCGS (a theory)
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