Has NGC ever considered a price guide?

[DonHeath]

I know the staff is quite busy, but I was just wondering aloud if any consideration had been given to an online price guide. It seems to be a key ingredient required to draw traffic to a company site, and to increase visibility in the online auction community. I'm sure there are many potential customers who don't subscribe to the greysheet/bluesheet, and that information certainly should drive targeted submissions. I know there are many buyers who reference the C/U guide despite its infrequent updates and inaccuracies. Perhaps a product based on NGC prices realized would be superb. Since I have little insight the resources required to undertake such a task, I can only speculate it would be relatively expensive, but I'd certainly have to believe it would go a long way to create brand loyalty/recognition. Just wondering, since it seems sometimes the current criteria used to establish price is based on whether a coin would cross, rather than its value in its current holder. Seems like it would be good for the company and the current customer base.

[EVillageProwler]

Price guides affiliated with a supposedly independent grading service will cause the appearance of a conflict of interest and can destroy the independence of both the grading as well as the valuation.

 

 

EVP

[jom]

Price guides affiliated with a supposedly independent grading service will cause the appearance of a conflict of interest and can destroy the independence of both the grading as well as the valuation.

 

I know of no reputable grading service that would do that today..oh...wait...never mind.

 

jom

[gmarguli]

This has been discussed in the past. The NGC response was that they didn't want to get into pricing coins. They are a grading company and there is a conflict of interest grading and pricing coins.

 

As for value based on will it cross, the people who base value on that are an extremely small percentage of the collecting community. However, if you read the other forum you would think that 99% of people value coins this way. It's the PCGS-only registry people and the people called "PCGS Weenies" by the dealer community.

 

Personally, I would rather NGC focus its time beefing up the other information for its web site. The staff has written many articles that would be of interest to people. Replicating something along the lines of the Coinfacts web site (date info with mintage facts) while integrating the historical write-up that I believe David Lange did for many series would be great.

[DonHeath]

EVP, I honestly never thought about it from that perspective, and I suppose it makes a good argument. I guess it crosses a line, but it seems pretty innocent on the surface to simply report how the community values your grading. As I read the last sentence aloud, I see your point.

 

Greg, although I agree with your post, I think certain dealers consider the value of the holder when pricing a coin as well, knowing who their buyers will likely be. I suppose giving it some serious thought I'm glad there are contrasting approaches for the two companies. Since my buying habits wouldn't change if the coins were in flips, it suits me fine that NGC isn't worried about pricing. I do think the price guide drives web traffic to some extent though. JMO

[truthteller]

Don,

 

The best thing NGC can do is keep an arm's length approach to placing values on it's graded coins. In the not to distant future, any grading company will eventually be held liable for establishing a value associated with it's grading, thus placing itself in a very unsupportable legal position if any litigation were to arise. Kudos to NGC for placing itself outside the marketplace.

 

 

TRUTH

[braddick]

In essence, NGC does have a price guide. Just look up the coin you're searching a price for in the PCGS price guide and then cut the price in half!

_____________________________

Fan Of Moderns

[DonHeath]

FOM, that can't be right, I thought NGC/PCGS coins were priced differently.

 

Truth, I believe that possible.

[Leothelion]

It's difficult to say! How do you tabulate a price guide? How do you substantiate a price paid for a coin? I think a list of individual prices per date that have been substantiated in true auction sales simular to Teletrades price guide of past sales in their auctions would be far superior to the pcgs rip-off scam going on right now. What we don't want to see is another unslaught of outrageous prices paid by registry set fanatics, whose only goal is to add a registry point to their registry standings, posted in a public format. From there, we'll end up experiencing another trickling down effect called "screwing the collector through thousands of dealer turned shysters shoving these fabricated prices into the unsuspectable coin collector's face and pocketbook! Shame on you pcgs!

Yes, a price guide would be nice if there were a way to make it legitimate. But reading in the other posts, NGC has positioned itself at a very advantageous point far above pcgs.

 

Leo

[IrishMike]

Hey Don. I agree with the other posters that believe it is a conflict of interest. Check out DHRC's website and the PCGS price guide I think you find that many coins are priced very close to the PCGS guide. I wonder how he is able to sell his coins at those prices other than to the registry folks.

 

DHRC+PCGS Priced Guide+PCGS Registry=$$$$$

[Leothelion]

Hey Don. I agree with the other posters that believe it is a conflict of interest. Check out DHRC's website and the PCGS price guide I think you find that many coins are priced very close to the PCGS guide. I wonder how he is able to sell his coins at those prices other than to the registry folks.

 

DHRC+PCGS Priced Guide+PCGS Registry=$$$$$

 

It's amazing! For a guy who has, perhaps millions, what would be his point for doing what he does to screw up the hobby? Is he an alcoholic, does he have a major gambling problem? Is it an egotistic thing? And to top it all off, there's all the scum that sucks it all up and could care less about the main interest of the hobby and the fellow collector!

 

Leo

[Tradedollarnut]

Price guides affiliated with a supposedly independent grading service will cause the appearance of a conflict of interest and can destroy the independence of both the grading as well as the valuation.

 

Horsepucky. Accurately reporting market pricing would be a very valuable service - by a grading company or anyone else. For every price you can point to that is high on PGCS, I can point to one that is low. There is no black helicopter conspiracy - just an inaccurate price guide.

 

NGC more than likely avoids attempting one because they recognize that they would fail just as miserably as everyone else has......and where's the profit in it?

[Russ-migration]

Is he an alcoholic, does he have a major gambling problem? Is it an egotistic thing? And to top it all off, there's all the scum that sucks it all up and could care less about the main interest of the hobby and the fellow collector!

 

One has to wonder why the forum moderators here allow this type of slanderous comment to stand. There is a huge difference between criticizing the actions of an individual or company, and intimating that somebody must be an alcoholic or problem gambler.

 

Sooner or later, that [!@#%^&^] is going to jump up and bite you and NGC on the [!@#%^&^].

 

Russ, NCNE

[EVillageProwler]

Horsepucky.

 

Caca.

 

It's probably a combo of both, and sure seems like a lose-lose situation to me...

 

EVP

[EVillageProwler]

Russ,

 

In all honesty, I didn't even notice that quote. On some issues involving certain posters, I simply ignore or just gloss over search for content that interest me. If I don't find it, I don't even realize I glossed over it.

 

But, you're right that statements like does seem to beg the mods to do something. Yet, the mods of any forum have to tread lightly when dealing with questionable speech. It's a fine line between annoying speech and actionable speech...

 

Having been a mod myself many times in my previous career, I don't fault the current mods here for letting borderline cases be. Also, they may not have seen it...

 

EVP

[TonerGuy]

One has to wonder why the forum moderators here allow this type of slanderous comment to stand.

 

Cause it ain't really slanderous. Asking a question as to the means or justification behind an action isn't stating a fact. It's merely asking a question.

 

Sorta like --- Is Russ psychotic to collect all those AH Kennedys? Maybe, maybe not.

 

Now if I said "I know for a fact that Mr. X is a __________________ and he has _______________ with his mother while __________________ the dog." That would be slanderous. (and if your name is Mr. X by the way, don't sue me!)

 

 

Michael

[LucyBop]

So I can't for a fact call FrattLaw a squarecat?

 

Hmmmm......

 

I better send you one of my cd's so you can 'get with it'!

 

[Hoot]

I'd like to see a site dedicated to reporting all coin transactions, thus a price guide. I don't know how a person could do this without it being a profession or simply going insane, or both. In a time of nearly real-time reporting of such transactions, this kind of price guide seems possible, although getting prices realized for raw coins and private transactions would be more difficult. (Perhaps a network of reporting dealiers would need to be created.) Still, the breakdown by "slab medium," raw coin, with standard deviations, time series, etc., would be useful and this kind of thing could replace the Greysheets. Honestly, I think that this is the intention of CW's Coin Values, although those prices are static and reported on the high end of the transaction range.

 

Hoot

[IrishMike]

TDN I respectfully would doubt on moderns especially that you can find tit for tat. In my mind it's not a coincidence that his prices mirror his guide on these coins. Now I will admit its been several months since I did the comparison because I don't buy coins from him or put any stock in the guide, I would guess you don't either.

 

As far as KOJ's rant take it for what it's worth.