NGC vs PCGS MS 67 Cents

[roboco-migration]

Most series are fairly closely priced in guides listing the two services. But there is a HUGE difference in the book value of pennies in MS 67 condition from the 40's, 50's and 60's. Are NGC pennies at 10-20% of PCGS prices a good deal?

[James_OldeTowne]

I can't ask your question specifically, but in my opinion, I think PCGS tends to grade Lincoln cents more conservatively than NGC between MS-63 and MS-68. Note that I did not say "more consistently", but more conservatively. However, I believe they are pretty close to identical calling RD, RB or BN. I am convinced, however, that they are actually equal at MS-68 or MS-69!

 

Would I pay more for a coin just because of the service? Definitely not. But I would just completely pass on a coin that is overgraded, no matter who the service is.

 

Finally, at MS-67, you're talking "registry set" language. I suspect you are seeing wild price fluctuations due more registry set considerations than the actual quality of the coins themselves.

 

James

[CTcollector]

Admittedly, I am not an expert on the series. But I will try to offer some insight anyhow. I would summize there are two basic reasons for the discrepancy in price between NGC and PCGS 67 cents.

 

1) The populations are dramatically different. There are alot more 67Red cents in NGC holders than there are in PCGS holders for the 40's,50's,and 60's.

 

2) The PCGS registry competition for Lincolns (especially wheaties) is fierce. There is so much demand for pop-top dates. Some RIDICULOUS prices have been paid for common date PCGS lincolns in an ultimate grade.

 

As to whether NGC 67 pennies are a good deal at a 10-20% discount to PCGS - IMO, if you are collecting for the coin itself (not registry set), it depends on the coin. You might find a NGC 67 that is as nice as any PCGS 67 and then again you might find a PCGS 66 that is as nice as any 67 from both services. PCGS will purposely undergrage to keep populations low. Let your eyes be your guide !

 

PS - Welcome aboard.....

[James_OldeTowne]

Oops! I forgot to say:

 

Welcome to our friendly little neighborhood!

 

James

[gmarguli]

Another reason NGC graded copper can lag in price to PCGS graded copper is the grade guarantee. Until fairly recently, NGC did not guarantee the color of copper while PCGS did. If you're going to spend $1000 on a coin worth 10c out of its slab, are you going to want the color of it guaranteed?

[Oldtrader3]

There are many, many of both PCGS and NGC wheaties that are in red holders that are not red. They do not meet the 95% criteria and thus are RB. I wonder if PCGS would honor their warrantee if they got them all back.

[kryptonitecomics]

Clearly....NGC Lincolns seem to sell for much cheaper than their PCGS counterparts...............my only example is this.......I threw a Beautifully toned 1957-D NGC MS67 Lincoln Cent on Ebay..........the PCGS Guide Value stated it was worth $2700 bucks. Now I assumed that I would easily get at least $250 for it knowing that the guide value vs actual selling price was quite different.

 

It sold for $22 bucks since I did not have a reserve........................that was on of the nicest Lincoln's I have ever seen and some lucky son of a gun got it for $22 bucks............I offered him $60 for it prior to sending it out.....he declined and loved the coin.....!!!

[IGWT]

the PCGS Guide Value

(not your comment, Shane; the PCGS Guide is what tickles my funny bone). I pretty much rely on the CDN greysheet to tell me the price differentials between coins of that are the "same grade," but graded by different TPGSs. Those differentials, in my opinion, come into play mostly if you are buying sight-unseen (which I don't do). It's interesting how some series (and, sometimes, grades within the series) are valued higher if NGC is the TPGS and others are valued higher if PCGS is the TPGS. I don't know the extent to which the differences in price reflect true variations in grading standards.

[IGWT]

Welcome, Roboco. Glad to have you here.

[kryptonitecomics]

I know how far off the PCGS prices are.......but you would think a coin listed as being worth $2700 would be worth at least a couple hundred....not $22 bleepin dollars..................I usually get at least half guide for most coins.........but less than 1%? Holy cow!!!

[GoYankees]

My two cents...

 

For Lincolns (1940- ) (Wheats and Mems) I like to buy ANACS MS66 and up sight unseen. They don't make a big deal about their pops and they don't have registries. Plus ANACS cents at MS66 and up from 1940-present usually don't have that plastic premium.

[AlixTCat]

Clearly....NGC Lincolns seem to sell for much cheaper than their PCGS counterparts...............my only example is this.......I threw a Beautifully toned 1957-D NGC MS67 Lincoln Cent on Ebay..........the PCGS Guide Value stated it was worth $2700 bucks. Now I assumed that I would easily get at least $250 for it knowing that the guide value vs actual selling price was quite different.

 

It sold for $22 bucks since I did not have a reserve........................that was on of the nicest Lincoln's I have ever seen and some lucky son of a gun got it for $22 bucks............I offered him $60 for it prior to sending it out.....he declined and loved the coin.....!!!

 

What day of the week and time did you end the auction?

 

Jonathan

[kryptonitecomics]

It ended on a Weekend at around 9pm....so that wasn't the issue.

[AlixTCat]

It ended on a Weekend at around 9pm....so that wasn't the issue.

 

On a Saturday or Sunday? I have found I get my best bargains on auctions that end on Sunday around 6-9 pm. Next best time for finding bargains is Sunday during morning church services.

 

 

Jonathan