PCGS vs NGC

ausproofs · May 28, 2014, 09:05:59 PM

Hey guys n gals

I have seen a few posts around the difference between PCGS grading vs NGC grading. Who graded tougher etc, etc..

I have sent 8 NGC coins to PCGS for grading, all of them were in NGC holder before. I cracked them out so PCGS wouldn't have any idea what it was before. 7 Proofs and 1 circulation...

When I get the grades, I will post the results., hopefully won't be too long before I get the results back...

echidna · May 28, 2014, 09:16:03 PM

Quote from: 'ausproofs' pid='50484' dateline='1401276959'Hey guys n gals

I have seen a few posts around the difference between PCGS grading vs NGC grading. Who graded tougher etc, etc..

I have sent 8 NGC coins to PCGS for grading, all of them were in NGC holder before. I cracked them out so PCGS wouldn't have any idea what it was before. 7 Proofs and 1 circulation...

When I get the grades, I will post the results., hopefully won't be too long before I get the results back...

Some NGC coins are quite nice but I've seen far too many badly cleaned coins in their holders.
PCGS are definitely tougher.

ausproofs · May 28, 2014, 09:23:58 PM

Quote from: 'echidna' pid='50485' dateline='1401277563'
Quote from: 'ausproofs' pid='50484' dateline='1401276959'Hey guys n gals

I have seen a few posts around the difference between PCGS grading vs NGC grading. Who graded tougher etc, etc..

I have sent 8 NGC coins to PCGS for grading, all of them were in NGC holder before. I cracked them out so PCGS wouldn't have any idea what it was before. 7 Proofs and 1 circulation...

When I get the grades, I will post the results., hopefully won't be too long before I get the results back...

Some NGC coins are quite nice but I've seen far too many badly cleaned coins in their holders.
PCGS are definitely tougher.

Most of the coins I sent over are okay coins... It had some high grades in there... All silver graded PR 66 and one 67. Copper were 65 RD or higher... Non proof was a 1941 3D in MS 65.....

dcoin · May 28, 2014, 09:30:14 PM

Have a look at walters auction, drakesterling, pacificrim and all other major sites and auction houses. The fact that over 95% of Australian pre-decimal coins (and even decimals) in holders on the market are PCGS gives the answer.

ausproofs · May 28, 2014, 09:36:12 PM

Quote from: 'dcoin' pid='50488' dateline='1401278414'Have a look at walters auction, drakesterling, pacificrim and all other major sites and auction houses. The fact that over 95% of Australian pre-decimal coins (and even decimals) in holders on the market are PCGS gives the answer.

I agree with you partially, this is true for Australian coins.. If you look at overall NGC is not far behind... However we are talking about Aussie coins so Australian buyers prefer PCGS is what I hear...

I personally like PCGS as it holds value within Australian market.

Fr45h3R · May 28, 2014, 09:46:34 PM

My Rule 1 : Buy the coin. Not the holder..
I bought 1 coin in NGC holder it crossed a grade lower , but the colour upgraded. I expected the 1 point downgrade.
Another coin I viewed in my opinion would cross but was out of my price range. Too bad for me it did cross as single finest graded... I was kicking myself for letting it go.

nealeffendi · May 28, 2014, 09:53:39 PM

Quote from: 'dcoin' pid='50488' dateline='1401278414'Have a look at walters auction, drakesterling, pacificrim and all other major sites and auction houses. The fact that over 95% of Australian pre-decimal coins (and even decimals) in holders on the market are PCGS gives the answer.

That is in Australia. If you go to sites like Heritage Auctions then it isn't so clear cut.
On coin forums in America there is a general opinion that NGC has a stronger market presence in world coins. Also a general opinion that PCGS is a tougher grader, more expensive and gets higher prices. I don't know enough about the market presence outside Australia to comment but on the other points the consensus is spot on.
I won't crack any NGC slabs I buy as in 10-20 years NGC could be on top or PCGS could be history but until then my raw coins will take their vacation with PCGS.

ausproofs · May 28, 2014, 09:57:13 PM

Quote from: 'Fr45h3R' pid='50490' dateline='1401279394'My Rule 1 : Buy the coin. Not the holder..
I bought 1 coin in NGC holder it crossed a grade lower , but the colour upgraded. I expected the 1 point downgrade.
Another coin I viewed in my opinion would cross but was out of my price range. Too bad for me it did cross as single finest graded... I was kicking myself for letting it go.

As I said, would be very interesting to see what happens to the coins I have sent, if I get the same grade back for the proof shilling and the 3 D back, I have quadruple my money ! I personally think it is luck of the draw !

dcoin · May 28, 2014, 10:38:16 PM

Quote from: 'nealeffendi' pid='50492' dateline='1401279819'
Quote from: 'dcoin' pid='50488' dateline='1401278414'Have a look at walters auction, drakesterling, pacificrim and all other major sites and auction houses. The fact that over 95% of Australian pre-decimal coins (and even decimals) in holders on the market are PCGS gives the answer.

That is in Australia. If you go to sites like Heritage Auctions then it isn't so clear cut.
On coin forums in America there is a general opinion that NGC has a stronger market presence in world coins. Also a general opinion that PCGS is a tougher grader, more expensive and gets higher prices. I don't know enough about the market presence outside Australia to comment but on the other points the consensus is spot on.
I won't crack any NGC slabs I buy as in 10-20 years NGC could be on top or PCGS could be history but until then my raw coins will take their vacation with PCGS.

While Heritage may have a lot of ngc coins, a MS63 ngc fetches a similar price to a MS62 pcgs coin (for Australian coins). That sums it up I think.

trout · May 29, 2014, 05:46:10 AM

I have only had 121 coins graded by PCGS and 30 graded by NGC.
I see No difference in the grading between the 2 companies.
I am of the opinion that it is a perception and not a fact that PCGS is better.

markn · May 29, 2014, 06:19:25 AM

Quote from: 'trout' pid='50515' dateline='1401308170'I have only had 121 coins graded by PCGS and 30 graded by NGC.
I see No difference in the grading between the 2 companies.
I am of the opinion that it is a perception and not a fact that PCGS is better.

Unfortunately trout I'm going to disagree with you, and the Australian market disagrees with you and a significant portion of the world coin grading market disagrees with you.

And I'd strongly advise that anyone who wants to get their Aussie coins graded with an eye to resale do so with PCGS rather than NGC.

trout · May 29, 2014, 06:40:38 AM

Is there any "Hard" evidence that NGC is an inferior grading Company to PCGS or is it all "anecdotal " ?
The only gripe I have with NGC is its return packaging is Crappy and the blue boxes PCGS use are outstanding.
As far as the imaging departments go NGC beats PCGS hands down.

markn · May 29, 2014, 06:56:18 AM

Quote from: 'trout' pid='50520' dateline='1401311438'Is there any "Hard" evidence that NGC is an inferior grading Company to PCGS or is it all "anecdotal " ?
The only gripe I have with NGC is its return packaging is Crappy and the blue boxes PCGS use are outstanding.
As far as the imaging departments go NGC beats PCGS hands down.

Of course there's never been a peer reviewed scientific study about who grades tougher. Note I didn't say a "better company". But regardless, you've got most of the coin collecting world telling you PCGS are harder graders than NGC and you're still looking for more evidence? I have had THOUSANDS of coins graded by PCGS and seen HUNDREDS of NGC slabs and the MAJORITY of NGC slabs are graded slightly easier than PCGS. My guess (and that of most other people) is that 1 point is good discount to apply to an NGC graded coin when comparing it with PCGS.

Now you can sit there and look at pictures on the internet and look at your single PCGS graded shilling and compare it with your single NGC graded shilling of the same year and make sweeping statements about how YOU think NGC grades just as tough as PCGS but I am sorry you are going to be a voice in the wilderness. If you don't want to accept the body of evidence go ahead and get your coins graded by NGC and sell them in Australia and see how you go.

markn · May 29, 2014, 06:57:19 AM

Quote from: 'trout' pid='50520' dateline='1401311438'As far as the imaging departments go NGC beats PCGS hands down.

The Secure Plus images and the NGC images are both HORRIBLE.

trout · May 29, 2014, 07:21:41 AM

Quotemake sweeping statements about how YOU think NGC grades just as tough as PCGS

I didn't say that they are both the same at all , It's just that my tiny sample of coins graded don't show me any difference in grading "Toughness" as far as I can tell.
I agree that PCGS graded coins sell at a premium over the same grade NGC coins, That's just the way the market is at the moment.

My bodybag count with PCGS is 3 coins out of 121 and 4 out of 30 coins with NGC, admittedly all the coins I send to NGC are pre decimals or colonial/proclamation coins that have been around the traps and are susceptible to damage/abuse.

I am Not saying that one company is better or the same at all , I am simply stating what I have observed personally so far.
If that makes me "a voice in the wilderness " then so be it , I prefer to make my own observations and judgments rather than have a "Sheep" mentality and just take everything I hear or read as absolute gospel .