JimMayor007
Jun 27 2007, 03:16 AM
Every wonder why a PCGS coin in MS66 will carry a higher premium to buyers than a MS66 from NGC?
I know for years I did, then about 6 years ago at a convention in San Diego I sat thru a seminar which attempted to educate professional numisist on this exact point(waste of time)!
You see, the bottomline for the price difference has to do with selectibilty at certain grades(according to NGC reps). Being in the buisness for many years, I have noticed that from AU-55 - MS 63, you really notice no price difference when selling professional grade coins between NGC and PCGS, but the magic grade seems to be MS65+. Me being the type of person I am, the seminar seemed to be a good starting point for own homewrok into this age old question.
When you start dealing in higher grade coins, a LARGE part of their value comes from the population report of that specific date and mint. For instance here, I am going to reflect on the 1932 D Washington quarter in MS-65. Ngc has a Pop of 14 currently, with none graded higher(14/0), While PCGS has 63 currently with 1 higher (63/1). YET.... Heritage recently sold a PCGS MS65 32d for 20,500.00, but in May sold a MS65 NGC 32d for 15,600.00 ????????? So I have to say, if the population has the majority to do with it, then this makes NO sense.
gpnyc
Jun 27 2007, 12:48 PM
When you get to a certian level of coin, population and the holder brand no longer have much to do with it. It really comes down to the individual coin. I've seen MS-65s that I would never touch (these are the generic registry set "fillers") and I've seen MS-65s that will garner a premium any day of the week.
Burks
Jun 27 2007, 05:28 PM
People are stuck on this "PCGS is the best company" idea and only the best coins are in their holders. I think many have forgot that it is the coin that matters, not the piece of paper in some plastic. Granted these same people could care less how a coin looks as long as it has PCGS and a certain grade on the label.
jtryka
Jun 27 2007, 06:13 PM
Remember too that the advent of the certified coin registry exacerbated the problem especially since NGC allows both company's coins in their registry, but PCGS only allows their own, thus affecting demand.
dprice
Jun 29 2007, 07:03 PM
QUOTE(jtryka @ Jun 27 2007, 01:08 PM) [snapback]332084[/snapback]
Remember too that the advent of the certified coin registry exacerbated the problem especially since NGC allows both company's coins in their registry, but PCGS only allows their own, thus affecting demand.
What about Anacs??? I understand your still buying the coin. But I have seen some coins get a premium because they were PCGS.