On 25 March 2004 gmarguli said: I believe it still holds true today.
NGC is slightly looser above MS65, but I believe that is a good thing. With PCGS you have a grade distribution like this:
MS66: 131
MS67: 52
MS68: 0
With NGC it is frequently:
MS66: 127
MS67: 43
MS68: 7
Some people point to this as NCG being looser or PCGS be more conservative. I believe it shows that NGC is being more accurate in its grading. With PCGS they have lumped a bunch of coins into one top grade. Perhaps all those coins do technically grade MS67. However, the marketplace values the higher quality examples more than the lower quality examples. With PCGS you have to take the dealers word or know how to grade them. With NGC they have put the top few "possibly technically MS67", yet superb for the grade coins into a higher grade slab to separate them from the rest. Basically, they have helped rank the quality of the coins. PCGS has taken MS66.8-to-MS68.2 coins and put them in MS67 slabs. NGC has taken the MS67.8+ coins and put them in MS68 slabs.