It's just business after all
Entry posted by Rayshield ·
PCGS knows how to corner their side of the market....
It's funny to me that a 70 in a PCGS holder costs $750 and NGC at $500 for a particular coin. Look at who's putting the prices together. PCGS puts their price guide together and NGC has the more independent NumisMedia group do that.
PCGS can say all they want. Yep.. higher prices to grade, our coins get higher prices..Of course they are going to look attractive to collectors, and they can possibly take more of your money in grading fees too. Remember you still have to sell the coin or pass it on someday, so the actual selling price is a pie in the sky reality until you get an offer. If you have insurance, PCGS might cost you more on your premium too because the list value is higher. All in all, you're probably paying more for what? Bragging rights that yours has a higher list price?
I keep saying NGC has it right, and actually if you pay or could get a little less for coin you look at once a quarter or so and you can get an independent wholesale price to get an idea of what to sell the coin for, all in all, I think that provides me with great value.
Eitherway, both NGC and PCGS are trying to attract coin collectors to their grading services compared to ANACS, SGS, PCS, etc. and their doing a good job of it! They probably enjoy the fact we have posts on this site fighting over them.
Now for those talking about using their PCGS set to beat out another set. Come on, show some sportsmanship and grow up. This may be a competition, but do it by example of both your coins and personality!
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