Is PCGS Hustlin’ Coin Collectors & is NGC just Stupid?!
ฝัง
- เผยแพร่เมื่อ 4 ก.พ. 2023
- Our grading companies manipulating their registry price guides in order to be the #1 grading company used?! Let's talk about PCGS & NGC and how their registry pricing is NOT the same!
#coins #pcgs #ngc
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Outstanding video! Looks like you are waking up to the collectibles game. All price guides are just that: Guides. In this fast moving market, each customer must do his or her homework. Using the 1883-CC Morgan in MS63 as an example. PCGS price guide says this coin should retail for $450. However, checking on ebay the same coin can be had for less than $380 easily. There are several at $335 with no bids so far and remember this is on eBay! So, this coin can most likely be bought for even less with a little searching! You are right to be suspicious of price guides produced by the same people that grade coins. They have a vested interest in seeing their product valued most by customers. ( enough said on that point) I prefer recent auction sales. This IS the price customers are paying for coins. Using PCGS as an example, compare recent auction prices on THEIR app to their suggested retail price and then you will understand what I mean. I stopped looking at the NGC price guide almost two years ago. Just too far off from reality for me. Keep asking questions! Great topic! Thanks!!
Yeah man, gotta ask questions about everything or I just don't learn anything. Huge disparity from price guides to sales to grey book even. Really take a lot to stay on the pulse and know what is hot and what is not right?! Thanks for watching and commenting, you have a lot of good input!
The first thing I learned getting into bullion and coins is the Redbook pulls numbers out of thin air. ( I think they use the very large auction house numbers where people have more money than sense). The first thing I learned after getting into slabs is that NGC/PCGS does the same thing with their prices. I've always used eBay sold listings as a realistic guide
@@aaronayers5151 Yes, Redbook pricing methods are too out of date for today's market. The last Redbook I bought was a 2012. It is good for providing weights and background information. It is also good for spotting which coins are rare, but that is it. Pricing has to come from the market and these days that is one moving target!
I know nothing on the subject so can't really talk, but appreciate hearing your thoughts on the matter. Learning as I go.
Yeah no harm in debating or questioning what is out there... learn a bit as i go too!
@@PirateStacker that's the way my friend. I have got the impression that NGC is the A+ will PCGS is the B+ grader but from the few slabs I've seen I like the PCGS holographic stickers better.
Pcgs and ngc prices are massively inflated. We have talked about this before. They have a vested interest in over valuing coins. You can't use them as price guides for buying or selling.
I value coins on how bad someone needs money when they sell it bc end of the u can wait a week an get it cool but if sits for a long time better take what u can get
Fully agree, and yet I still see coins being bought and sold regularly based on those numbers directly... it's still a thing right or wrong.
@@PirateStacker true it's all so subjective. I know I have paid a good amount more for a coin I really wanted. It's all about what it's worth to you and your collection.
I also can't really say what grading company is best I think for certain coins NGC is better and for others PCGS. Depending on what type of coin and the attributes you are trying to get on that coin. It's just not a one or the other to me amongst the top two anyway. Even ANACS has it's place.
Pirate nice video. If your objective is to unload those slabs then you definitely can't rely on the prices PCGS puts up on their own website. Remember they will put the best possible prices sold so that to create hype and tell the public "see our graded slabs sell for the most money" but how much info are they holding back. Again their objective is to make money. Sell your coins at what you think it is worth, you may have to do research using items sold at auctions to determine a price. Some time in the future if they have not sold they you may have to drop the price. That is the risk of retail.
For sure man, so many variables. Lots of learning to do and the retail game is for sure a racket! So glad I'm just having fun with it as a hobby or i'd be going hungry for sure!
@@PirateStacker having fun and learning is always important.
Whatever PCGS or NGC thinks what a coin is worth is their opinion and value is subjective to them (Just like grading). I only use them to get a ballpark estimate on what a coin is worth and look at what ebay sold listings are at to see what people are REALLY buying these coins for on the real market. This is also why places like greysheet exist to see what coins are trading at on the wholesale market.
Yeah the problem is, for however many people are dealing on grey sheet, there's equally as many that dont. Some are registry, some are ebay etc... So hard to zero in and make a deal in the end.
Maybe a little of both from both companies. Recent sold auction prices, sold prices on ebay, not what people are asking, but what they actually sell for. That is probably more accurate than what the registry states. Red book, online guides or the magazines like coin world or even gray sheet is just a guide, nothing is set in stone.
I agree ! 👍
For sure nothing is set in stone... it's the wild west here in Florida at coin shows with sooooo much competition for sales! Fun to see what happens anyway!
@@PirateStacker I don't think there is going to be a coin show this Month this year locally.
Sold prices on eBay are all over the place. Some get into a bidding war, some get no attention at all and sell too cheap.
I've listed coins that blew up, and I have listed coins that got zero bids. Not even spot price. I've bought 10 Oz silver bars below spot. It's just not a real indicator of actual worth.
@@fauxque5057 Everything is negotiable, I don't disagree with you, if you tried to auction a coin and didn't even get a bid. Maybe try selling those coins as a coin lot.
Hi Pirate Stacker! Great video! PCGS and NGC are the two top best grading companies. The difference in price could be that one particular grading company hasn't updated their pricing lately. I experience has been that NGC updates the Morgan Silver dollar pricing about twice a year. 😎 I prefer NGC because they are near me in Florida, and NGC will allow both NGC and PCGS coins in their registry. PCGS no longer counts NGC graded coins into the overall collection completion, rating, or rank.
Yeah there's for sure some pros and cons of both. Service with NGC was great recently, and I do like the look better of their slabs, but sellers have told me flat out people prefer & buy pcgs at a 4:1 ratio or more! That's a big difference in movability... Thanks for watching man!
@@PirateStacker Good to know re: PCGS. To me, it doesn't make a difference. 😎 I'm not a fan of any other grading companies, other than PCGS and NGC though.
You're not the only that feels that way... you've got lots of company!
@@PirateStacker Interesting points, I like some NGC slab designs, but I like all PCGS slab designs. 😎
PCGS, NGC & the Red Book are just that, guides. Yes, PCGS tends to sell for more $. But you really need to go off of recent sales on eBay or even Great Collections. Or go off of Grey Sheet which tends to “know” the market. Dealers usually have access to The Grey sheet or you can pay for a subscription to it. But in the end a coin is only worth as much as someone is willing to pay for it👍🏻
Fully agree man, all good points! Thanks for watching, great to see ya!
Good topic for discussion. I buy whatever one I can get the best deal on. I look for eye appeal too. I don’t have a preference between the 2. Maybe lean towards PCGS a little more because unlike you I don’t like the NGC holders as much. I kind of like the PCGS ones better.
Good point, i like the position you have on it. At the end of it all, buying the coin, at the right price seems to be the best play...
Really good conversation Pirate and valid concerns! For CC Morgans in particular, I'm a PCSG guy all the way over NGC. It's obvious that not all MS62's are created equal, so I do send coins to CAC because of that. I like having two opinions on the same coin to get the grade right. I've never sold a coin based on the PCGS price guide, I think most collectors will view their pricing as a bit high, imo. I have not registered my collection yet but considering it.
I’m also a PCGS coin collection too in only silver dollars from 1878 to current and I never buy raw coins to be certified due to cleaning or other issues. When it comes to selling my only guild is ebay completed and sold.
Great points for sure. At the end of the day the coin is king. Buy well and you'll be set for resale down the road. Thanks for watching man!
Interesting thoughts. If you have a ms62 NGC and an Ms62 PCGS the label should not matter and both should be the same value. IMO. For me, I like the NGC slabs better.
They should, but they're really not. And the PCGS will sell faster for more money even... It's crazy!
Good topic. Pcgs, Ngc It doesn't matter to me cuz I like them both. I have a registry set but I don't have it to compete against other sets because I don't have money like that. I have a registry set because it's free and thought it was a cool way to get info on my slabbed coins.
Fully agree, that is also why I use the registry myself. Excited to see em' go up in value here and there too!
I know it sounds crazy but I don't own a single graded coin. I guess I'm kinda a stacker with weight first, but I throw in junk and the occasional collectables. Grading is always subjective, so F that. Everyone is own their own journey. Awesome video Pirate, great topic and points. BTW I got a 2001 Brittania that is awesome!
Man I do love the Brittania's, one of my favorite coins for sure! Thanks for watching and commenting bro!
I ignore the value given by grading companies, it is enough for me that the coin is certified as real and undamaged. Also great when a variety is attributed to it.
I like that... then it really is all about the coins for you... Good place to be!
Interesting topic, but I enjoyed looking at your graded Morgans even more; wonderful! I guess it all boils down to buying what you like at a price you think is fair based on relative research. I pulled the trigger a few months ago on my first graded coin, a 1972 Lincoln Cent Double Die FS-101, but only did so after watching over 40-50 other eBay auctions/Buy it nows list and complete. That is how I was comfortably able to decide where my price point would be and finding the exact coin that checked all the boxes for me personally.
Very cool man, it's addictive once you start buying graded in my opinion. I love the allure of the slabs and such. Coin collecting is so fun!
I like both companies and have both. I do prefer PCGS but NGC does have some cool labels. I do have a PCGS Registry. Thanks for a great topic and discussion. Very good points.
Yeah I will also continue to have both, but for sure lean towards PCGS because i prefer their registry greatly!
NGC all day everyday. The slabs are far superior to PCGS in every way shape form and fashion. The Smithsonian chose NGC over PCGS because the graders were close enough for the slabs to make the difference for them. I have all my NGC coins in the registry
I like your' argument for sure... I really and truly like the look of the NGC slabs better...
@@PirateStacker not only do they look better, they are better built as well. Not to mention the labels are better as well lol
Funny you should bring up the slabs themselves. I have several in which the insert rattles.....totally loose in the case itself. All you have to is gently shake them and you'll hear the defect. (and you thought only PCGS had "rattlers") 😏
There's no exceptions either......from cents to dollars, moderns to ancients, you'll find a loose insert. Just last week one of my LCSs had a coin that I've been looking for that's in a NGC slab.....and what do you know, it's not even mounted right in the 4 prongs. 🙄
Now let's talk about their labels.....granted every TPG service is going to make a mistake with their labels once in a while, but NGC are the kings of it. Upstate Coin and Gold had THOUSANDS of their ASE submissions come back with the wrong dates on the labels.
To be fair though, their ineptness paid off for me a few years ago when a dealer submitted an 1881S Morgan that was struck thru to NGC. It came back as "MS 64, Obverse Struck Trhu". The dealer didn't notice the "Trhu" misspelling until after I purchased it. He said it's not often you find an error coin with a error label. 👍
Idk what's going on at NGC with their quality control, but they've gotta step it up, because much of it just plain bush league.
That one in the NGC with the crescent moon type toning is awesome.
Yeah, i've got some great toners in my collection for sure! Love them!
Ahoy Pirate!
Some very valid points. I'm not able to easily argue any counterpoints, yet. You know I'm hard-core PCGS fan boy but you've opened my eyes to some serious issues. I'm gonna roll this all around my head awhile and weigh it. I'll holla back when I sort it out.
Haha, well even with all i said, I put my high end money into PCGS to be able to recoup easier when the time comes... but it feels a lot like the IRS treating us like crap and regulating themselves (so clearly they're never at fault).
The secret service also used NGC.
But those big companies need to have a directory to show who did your grading. PCGS hired hundreds of folks a few months back when they got a new president. It’s scary knowing someone just came out of schools and grabs your CC’s…
I mean is there an actual grading school? I'd sure love to interview an actual coin grader!
Great video my friend. It’s hard to say why that is. I agree that no matter what service ya use the value should be the same. But I think it boils down to competition. It’s all a big game. But it does lock in value.😎👊🏻🏴☠️
Yeah i love the idea of graded coins and the value being secured... just not the part where the same graded coin is worth a different price form service to service...
Im not a coin expert im not even barly a coin collector and thats what makes you different pirate great video one to get you thinking for sure.
Yeah just shooting you straight... i've got questions and i'd like some answers... otherwise my brain will come up with it's own logical conclusion.
"Buy the coin not the slab" and all that. I would pay a premium over guides for a top 1% eye appeal coin and not buy an ugly one at all, effectively $0, for pieces graded the same from the same company, with or without CAC. A lot of people like me will mean big swings in sold prices across the same grade, date, and mint.
Totally hear what you're saying there. Buy what you love... A lesson i'm learning slowly but surely!
@@PirateStacker Recently I saw a standing liberty quarter white as a field of new snow, no spots or toning, luster like it's in a movie. 1917-D Type 1, MS-64, Full Head. It's beautiful, it checks all the boxes, I pull the trigger on it. Get home and look up PCGS price guides at $500-$3000. W-T-F mate?
I'm a collector for pleasure I'm not trying to flip anything. But if I was I'd develop the biggest network of human beings my brain can remember and almost ignore grading agencies' guesses at price.
Yeah that's way to inconclusive for sure! What did you pay for it if you don't mind my asking?!
@@PirateStacker Well, this is the internet and you never know who's watching, so it's a shame I already lost that coin in a tragic boating accident. I can truthfully say I've never spent $1,000+ on a quarter in my life. That's bonkers (except 1916, maybe someday...)
Great topic Pirate. I currently own PCGS slabs only. I understand the slab companies are all over the place. I think it's a popularity contest that PCGS has won basically. I just go along with it because that's the way it is...LOL
It is for sure the way it is... Nothing wrong with choosing one or the other, just seems suspect that they make their own prices higher, maybe valid maybe not. But for sure they're considered #1 by the masses and they sell easier than any other graded coin does!
Definitely a HUSTLE, I have bought into it but maybe this is where the phrase "Buy the coin, NOT the grade" comes from.
I think in general that phrase is pertinent either way. Some amazing coins graded elsewhere for sure!
wow thats a sweet collection pirate! I just started getting in to Morgan's but I have been buying them raw "not graded " but they're not culls. Do you think I should buy them graded or send the ones I have off to be graded, or is it ok to have nice Morgan's not graded? great video..
So far I'm 50/50 on sending in my raw morgans... half cleaned or damaged and the other half disappointing low grades. In my opinion, if you're looking to collect Morgans, buy them already graded, you can find some deals!
I don't have a lot of faith in the grading process. I have seen people bust open a slabbed coin, send it back to the SAME grading company and get a higher grade. That tells me there is no inter-rater reliability. In any other "science" this would not stand.
Fully agree, seen way too many examples of exactly this... Makes you really feel as though it's a hustle right?!
Some coins look better in different holders and/or with different labels. Both companies NGC and PCGS need to be more creative with holders and labels and not leave those exceptions for the bulk submissions only. For example, wouldn't it be cool to have your pirate stacker logo on the labels? Would that bring anymore value to the coins or maybe it would a set? 'R' is not the favorite letter of a pirate, but the 'C' is er er .
Hahaha that would make some pretty rad lables really! All subjective as you say though... thanks for your' thoughts!
@@PirateStacker sure thing!
I’m a NGC member but I do have PCGS coins as well but what I have noticed is NGC use UNC clean but PCGS that use to way many different types off clean. But I never use other graded companies before
Yeah i don't know what the right one is, just don't like how they seem to value their own loot. I think there's too much massaging of the numbers going on. I really do like ANACs though...
Forget what either registry says, when you go to buy or sell your slabs. PCGS demands a higher price than any other slab company out there. I prefer PCGS over all other companies for now. Now, it will not surprise me at all if CAC doesn't move to the front as the #1 grading company in the market.
Really interested to see the CAC coin slabs hit the market... i think they'll need their own registry with pricing in order to compete with NGC & PCGS though...
We already know that CAC's standards are more stringent, so barring them having heinous looking holders, I think they come out like gangbusters and immediately hurt the other TPGs.
I'll be crossing over most of my collection to them as long as their rates aren't in the stratosphere.
@@thesilveraura2177 I agree 100% with you.
I like this, I think pcgs has had it too good for too long, I'd love to see CAC make them tighten up their game!
ANACS seems to grade their coins higher than what a PCGS or NGC coin would be graded at ..
NGC and PCGS graded coins seem to be very similar in their grading of their coins, but PCGS coins seem to bring more money when selling them,, They grade more coins, PERIOD
Do they actually grade more coins? I'm thinking ANACS may well be grading the most, i seem to see them everywhere! I should look up some numbers on that!
Great video and good points.
Thanks man, appreciate you watching!
I admire collectors over stackers, I someday hope to find a rare and valuable coin. I will immediately sell it and prep: propane and diesel. Don't even have anything that burns diesel. I understand many folks make good profit flipping these types of coins, but in the end I view it as just silver, someone will get caught holding the bag, unable to turn a profit.
It could happen, but in the mean time people have made very consistent profits on them. I enjoy the history of it, and will gladly hold the bag on 200 year old coins if it comes to that. My preps and food storage always come first though!
Fun rant. I like the look of both, but PCGS edges out NGC in my book.
Seems to be the case for about 80% of coin peeps!
best thing to do is buy the company you like the best nothing else matters
All that matters is that you're happy in the end, fully agree!
Thanks Pirate!
Thanks for watching bro!
I noticed the pricing differences, just figured NGC is behind on updating.
Seems to be a constant though... feel as though that should be a priority if your business depends upon it.
You see. The problem is problem is believing the registry numbers lol. That's the same as looking at Redbook pricing. eBay sold is the only reasonable price guide for coins
I totally agree with you on eBay completed and sold for most recent coin prices, I also believe if you collect one type of certified slab company you should stay with unless you are in the business of reselling.
@@sailfly2869 I started collecting silver eagles. When I started NGC eagles held their value better so I just stayed with NGC and started looking into the other companies. NGC is just better all-round to me
@@aaronayers5151 I totally agree, especially when you are serious about your collection . Of my collection now approaching five hundred coins I enjoy collecting the ASE’s the most and have you noticed how expensive the early MS70’s are going for when comparing them to MS69’s before year 2000 on bullion coins.
@@sailfly2869 to high for my collection lol
@@aaronayers5151 I know what you mean, what I have spent over the last few months I could have purchased that ASE in 2019-S enhanced in Proof 69 that has a production of 30K instead.
Sometimes the smartest person in the room is the one whose perspective is simple. To your point it's a little of both marketing and more marketing just wait the new kid on the block NGCX is going to do something similar
Yeah, really interested to see how they price, i have a feeling it will be higher than both NGC & PCGS!
Your opinion is noted. I had a complete NGC Registry set with Morgan CC dollars. PCGS and NGC price guides should be taken with a grain of salt. The bottom line is what the current "grey sheet" value is. That's the price a dealer will most often pay.
Finding that to be the case myself as well. But they sure don't like selling at grey sheet value though! Thanks for watching!
regardless of what they value them at, what it actually sells for is the real value. Now they should be close in their estimate of value, but if you look at sold coins at auction, they will vary in price and sometimes it will vary greatly for the same coins in the same grade. I myself do not like how the grading companies have a grip on the hobby as far as so few trusted grading companies.
True, it's all worth what someone is willing to pay, but we do see a lot of people basing pricing on coins on the pcgs & ngc registry values. I don't like them having a direct effect on their pricing. A solid 3rd party would be nice.
@@PirateStacker yep, i agree. coin collecting hobby is great and many people enjoy it, but you are right, with so few reputable grading companies they do have a direct effect on pricing.
I went to my buddies shop today. He opened a package he sent in awhile ago. I asked him if I could look, but put a sticker over the grade to see if my skills were any good after not doing it for money in a long time, My buddy is an honest grader so if he thinks a coin is a certain grade he is pretty much spot on. There were a lot of Morgans and he got no gifts. Then some type, no surprises. They Buffalo nickels he got killed on. The common dates he did fine, all better dates were off by at least a point. I guess they are being careful on money coins.
Yeah, but i hear of big time dealers getting all kinds of higher grades when they do large bulk orders... So who knows. I think they need to do better service wise for the amount they're charging. But who am i to say... 118 days it took for my order from them to get back to me. Thanks for watching!
Personally I don't like either of them but since I'm a world coin guy I'd have to choose the lesser of two evils and go NGC as they're better at that. PCGS seems like the shadier of the two and give me snake oil vibes. Also I think you're absolutely spot on. I never even thought of that angle. Yet another reason I don't trust them. I personally really like my coins raw as I'm a collector who likes actually looking at my coins and through plastic is no way to view a coin. Especially toners. I have purched one single slabbed coin in my life and as soon as I got it home I cracked it out and threw it in a 2×2 and trashed the case. I kept the cert only because it has a true view but other than that they got the grade wrong. It was an SP not a PR. Also it was certaily a 64+ if not a 65, definitely not a straight 4. With absolutely no chatter, dings or noticable marks. Only slight hairlines in one part of the field and immaculate monochomatic deep turquoise tononing fully on obverse and reverse. You think these jokers would know the coin didn't come in PR but what are ya gonna do. Screw em. I'll use them if in the future when I get more advanced in flipping coins but for my personal stock, screw their registry, screw their stupid coin prisons, and screw their shady business model.
NGC does do well with the world coins... But i'm also not a fan of either...
I think because PCGS has graded some very rare and expensive coins it has given them some more "clout" and prestige. I don't have a registry set. I don't want anyone or companies knowing what coins I got. All just marketing when it comes down to it.
Love the way you look at this, I actually think i want to start putting nicer coins in the Capital Coin holders, those look pretty sharp! Thanks for sharing...
@@PirateStacker I got some proof sets in capital holders along with my 1/10oz AGE's. Their nice display pieces.
I need to do the morgan / peace dollar holder, it's really nice!
Anacs was the first to grade coins
I really think they do a pretty good job. Enjoy their prices...
I check out the PCGS or NGC price guides to start because they're easy to pull up but then go to Greysheet next and other sources if I'm interested in a graded coin. In my area at the local shows the vendors are always pulling out the Greysheet GPC Market Review when quoting prices. Getting back to PCGS & NGC and comparing those two, at least PCGS updates their prices often. I think they do it monthly whereas I looked up coins on NGC's price guide and have found a majority that I own haven't been updated since 2016-2019. ANACs may be wise for not putting a price guide out there. I have to question the credibility of the other two with putting profit over product.
Agree with everything you just said here... I think ANACS would benefit by putting a registry out, but at the same time appreciate that they just stick to grading my coins... Thanks for watching!
Dude lets all ban together, rally the silver community and just start our own grading service. Cut out all those other companies. We can make are own market for buying coins. Just gotta get some heavy hitters with deep pockets on board
I love the idea, I'd be happy to promote and use the service... but I'm in NO way a heavy hitter... Make it happen Capn'!
Very Interesting ! 🤔👍
Something to think about anyway...
I've got 34 coins in my NGC registry set and they average $500-ish each.
I only have four PCGS coins and I have them also regisrered on my NGC registry.
NB: The PCGS images don't come across when you add the coin(s) to your NGC registry, but you can supply your own images. When you register your PCGS coin-slab on NGC it takes a week or so (Pending) before it is verified and appears in your 'Competitive Coins' list, after which you can add your image.
Yeah, I do like that NGC does at least give you the option to add PCGS coins to your registry. Sounds like you've got a heck of a collection going! Are they mostly Morgans?
Plus PCGS updates values every month. NGC every 6 months. Look at auction sales as well, there subjective to the market.
I wish ANAC's would have a registry, I think it would grow their business immensely! Thanks for watching!
👍🤘👀The coin is the coin, all personal preference on which slab you prefer, in my opinion. Always buy the coin for the best price, not the slab. 🤷🏼♂️
Great point man, I like your' style... Takes some time to know what we're looking at and even overlook what the holders say, but if you can, there are deals to be had!
Ain't I clean? Bad machine
Super cool, super mean
Dealin' good, for The Man
Superfly, here I stand
Secret stash, heavy bread 🎵
I like this, don't know the song but the lyrics are great!
@@PirateStacker Curtis Mayfield- PusherMan. 🎵Been told I can't be nothin' else, just a hustler in spite of myself 🎵
I have submitted coins to both services, I think for plain vanilla coins untoned or lightly toned coins PCGs might be better, for vividly toned coins, NGC. I used to do a lot of crack outs back in the late 80's early 90's. Often I would buy a coin just because I liked the look, no matter who graded it.
Yeah, it wound up taking 118 days for my pcgs order vs. 17 days for my NGC order... I'm leaning toward NGC at this point as their service is so much better!
@@PirateStacker I have been watching a lot of openings from both services. If your getting coins back 100 days sooner, if you were in business you can start selling sooner. You may get a little less but you have you money back to buy more faster.
Fully agree, you can turn over numerous times to increase your money over waiting for pcgs... valid point...
The market sets the price. An object is worth what buyers are willing to pay. Price guides are maps to dreamland. A sack of flour is worth more to a hungry family in immediate need than is a gold wedding ring.
You are so right... i think we often forget that fact when we're collecting. Don't get suckered!
The true test is population. NGC consistently has more examples in the highest grades = lower standards, at least to me.
Hmmmm interesting thoughts...
I have some nice coins from ANACS, also many collectors have sent ANACS coins to PCGS OR NGC and many not all have came back in the same grade but the coins in ANACs holders sell for the least money. You would think that the 3 would be in the same park with the values. The graders are out of control.
Yeah you really would think they'd be closer in price. Truthfully I think the fact that the apps of NGC & PCGS have a lot to do with how people see their value. If Anacs had an app that priced their stuff higher, boom, they'd be way more popular!
What are u selling the ngc 1888 o ms 63 tonned
I'd be at $145 shipped on that one, it's got a completely gold toned back side... email me if interested at piratestacker@gmail.com
Pirate/Making/Scents.
Feels pretty hustley!
@@PirateStacker for sure common scents grading is subject of opinions...
And you know every S-hole has one
same goes for card grading...psa sgc cgs....
totally agree my friend!
GO VAULT BOX ..GOTTA LOVE A PIRATE..
Hahaha Vault Box... ugh.
PCGS and NGC Have the market cornered. They decide what a coins grade is and when you get into higher grades and rare dates, if its not grade by one of the two its grade means nothing! Also goes for lower priced coins. Ive seen many over and under graded coins by both. But in the end... if i have a 1889cc Morgan graded ms65 by pcgs and its a clear ms-63 Because its pcgs its a 65 all day! Im not busting that slab open...
Well said, if you wanna play ball, you're playing with one of those 2 for sure. It's a racket, not bad, just gotta learn how to get around and work with it is all. Thanks for watching & the feedback!
I much prefer the look of NGC slabs. My Morgan dollar collection is all NGC. ANACS needs to fix those butt ugly slabs. That alone might cause more people to use them.
Haha i have to say i thought the same, but as I've gotten more Anacs slabs, they've for sure grown on me some. NGC is best looking to me too though!
Forget the PCGS and NGC retail pricing and go straight to auction records which are a more realistic price valuation. If you only buy from coin dealers then you will be paying the retail number. I only buy from auctions and can generally pay the same price dealers pay.
Nice man, thanks for the advice! I need to do more auctions and shows for sure. This paying retail is for the birds!
First!!! to like this video! 👍😁
Oh heck yeah you are!
@piratestacker I ordered a 1700s pirate treasure chest from a antique auction house in England. They messed up on the price and it was 0.00 pounds. I clicked the buy it now button and it took me all the way through the buying process and sent me a receipt of payment with free shipping!!! and I'm waiting to hear about shipping and delivery tomorrow. If they don't catch the fact that their website had 0.00 dollars and they actually send me the chest I'll have a 1700s pirate chest to store my silver and gold in ..woot woot!! Hifive and keep on stacking!!
Bro that is an amazing story and I really do hope it works out for you! You gotta send me a pic when it shows up, I'd love to see it!
I stand corrected,the double eagle is an ngc slab
Ahhhh, it's been so long since i've even seen this video!
You hit it in the head when you said the word "company". Yes all those grading companies exist for one thing; to make money. They are not grading coins out of the kindness of their hearts. What bothers me is that they put up prices on what their products sold in the past. So are they really fixing the prices on their products by creating a hype on what other people's past purchase. The reason why I said "their products" is because the products are those plastic slabs with their labels on them. The saying buy the coin for the coin not the plastic must hold true. You as the consumer must ask how much are YOU are willing to pay. Not some other dude who bought it a year ago. The prices they put is what their products sold at auctions like heritage and great collections but notice no Ebay. Maybe because for the same graded coin it can be sold on Ebay lower than that at Heritage so they would not include that? Who knows. How about retail why are they not included. Don't they set the market price also. This is the reason why I have issues with PCGS pricing their own stuff.
Yes, you got my point exactly! What a relief that I'm not the only one thinking it's fishy that they set their prices, which directly coorelates with them being #1... Crazy world, I just always have to say what is on my mind!
@@PirateStacker they are selling a product. Which also make me think this whole delay in getting back your graded coins is also a scam. They announced that it takes 90 or so days to grade them because they are the best. Oh they also offer express service for a price.
Yeah i hear you I think tho that MS64 is not MS64 its subjective and you go with who you trust. I think as well PCGS are doing really well in terms of social media they're all over every platform, educating people, While NGC are effectively doing nothing. So maybe PCGS are just ran by younger people and are more forward focused than NGC
For sure PCGS is out marketing NGC... I just don't like the IRS style of self regulation in this field mainly...
Slabs are for slab people u sell to them smaller market for many that plastic is just plastic the worth is in the coin a collector understands a good coin in or out of a slab.
Fully agree, educated collectors can grade a coin as well as any grading company! Buy the coin, not the holder!
I don’t buy the holder I buy the coin. Now I stick to PCGS and NGC but I pay as close to greysheet for the price. I don’t even look at PCGS or NGC price.
Yes, fully agree that grey sheet trumps all. I like the idea of a 3rd value party being the most unbiased and fair with pricing...
@@PirateStacker so I have the PCGS CoinFacts app on my phone I will look at grey sheet then look at recent auctions to figure out the price. Love your videos btw
I use those apps too, so handy and fast to look up a general idea of retail...
Paid 4 less than advertised...I will never... ever...use these services... obvious that they think we don't know grades
Yeah I'm not a big fan of PCGS in general, but fully understand people not liking grading of any kind...
The higher the grading companies value their graded coins, the more people think they are worth. They are all woefully inflated prices. No thank you to graded coins.
I'm thinking so too man, seems like the right hand helping the left... something fishy here...
👀
Hahaha, thanks for taking a peek!
😀👍
Thanks for watching!
Aaarrrrgggghhhhh maty
Happy Sunday Morning bro!
Neither grading company has any business putting any suggested value on a coin. That's not their business and I don't like it. In reality you are going to get what a person is willing to pay.
100%, It's only worth what it can sell for. I've found more often than not grey sheet is followed and it's probably 1/3 less than PCGS prices their coins...
PCGS SWICHED MY COIN
Yeah, I don't have enough experience to say anything with authority. I think coin grading, in general, is a scam because it's subjective. You're never going to get to the point of an MS 62 being an MS 62 is and MS 62 because human beings are involved. As long as you don't have the same person with the same background and experience looking at the coins, you're going to see differences between one grading service versus another. My own sense of the grading services is that PCGS is generally preferred by the public, but I also have the sense that for every complainer you can find for PCGS, you can find virtually an equal number for NGC, it's main competitor. There likely isn't a massive difference between them, but apparently it's big enough to have the public landing on one side more than the other. The other grading companies are smaller, and so it's probably not fair to compare them in the same way. I like facts, weights, measures, and a total absence of subjectivity. That's why I stack the way that I do, and it's why I'm expecting wealth preservation over melt value, melt value over a nominal price increase, and a nominal price increase over a real rise in purchasing power when I look at my Silver & Gold. To be in the metals, you have to understand the metals. The same goes for grading. If you're not into dealing with bias, subjectivity, and the uneven performance that any given company can give you, then my advice...get out. I don't mean that in a harsh tone of course, but I'm blunt as a stone in real life, so I'm just sayin' it. If you truly love and/or enjoy the numismatics, then just stick those issues in your back pocket as things that go along with being in that area of stacking the metals. You're gonna get treated well and treated badly. You're going to get more objective grades, and you're gonna get subjective grades that just blow your mind. You're gonna have great experiences, and you're gonna have experiences that are all over the map. It's just part of the deal with numismatics. Again, this is coming from a novice, but over the last 15 years of stacking, these are the kinds of observations I can make about something that I'm not really involved in and not super knowledgeable about, so take 'em with several grains of salt. Keep stacking!
As always you're spot on... I bring these issues up as I think they're valid questions that don't have any given answer. I think it, so you hear it... haha. Numismatics have layers and layers to them for sure, and you do take all the good with all the bad with all the subjective. There's nothing here that I can't get by or overcome, but if we don't question the authoritys on any given matter, than we really have no ground to complain about anything ever. It's hard for me to be a sheep. Thanks for watching my friend! Continue your' bluntness, it's refreshing.
👍👍🏴☠️🤙
There he is!
You find out what its really worth when you go to sell it.
I don't like that strategy, but I know you're right... thanks for watching!
Very expensive plastic.
It certainly can be!
Both are shady because most newly minted coins and proofs are MS 69 or 70 quality. The assessments are done arbitrarily because I've sent a coin graded ms 64 by pcgs and ncg graded 68. I've seen 69 and 70s get flip graded. It's as vague as DNA results. Add to that they each say their proprietary grading method is not shared. Unless it's an ancient coin, what's the point of third party grading unless they are buying your coin?
Great points and valid... I think it's become way overused in all honesty. And I believe it's all being done as a means to make more money, not to benefit the hobby. Thanks for watching & commenting.
Crossover of both coin grading company plus sticker is Big BS in any Brainwashed Newbie Coin Collectors and even the old timer that never use their Brain about the Hobby. Collect Coin not the Plastic Counterfeit Coins is alsoyou will find it in a Plasric like the Famous Expensive 1893 S Morgan Silver Dollars.. 😂😂😂
You're right... Buy the coin, not the holder... but so many people still buy the holder!!!
NGC fan boy, PCGS is okay. I don't buy ugly coins no matter the grade.
Great way to be my friend...
Killing the Competition is Spreading All Lies ! Troll of Detractors...
Yeah, you may be right!
bs
Thanks for watching!
I don't know anything about graded coins. I have 5 - 10 coins in slabs but I bought them for the labels back when I (we) first started. So instead of commenting about that, let me tell you about my improvements in roller skating. My heel toe splits rolling backwards with a full circle turn is coming along very well. My strut walk is looking awesome too. It took me 4 months to learn it and another couple months to polish it to look soooooo smooth. 🔥🛼🛼👍😎
Bro i really hope you're showing this stuff off on your channel! Let us appreciate your sweet sweet moves!
@@PirateStacker I haven't yet but you're giving me some motivation to do it.
Make it happen!!!
I've always been told ngc is more trusted than pcgs. I've never used either of their services, but I have a coin coming from scstacker that I'm going to get graded and I really don't know who to send it to.. I'm a firm believer that huge corporate entities are all infiltrated by our government and they do whatever they want that will benifit them.
Fully agree... NGC & Anacs had fantastic service and Anacs pricing is really great! PCGS cost the most and I still don't have my coins back after months already!
Wait til CAC starts grading and slabbing later this year. Their standards are more stringent than the other grading services.
If you want to send the coin out to the others though, I'd go with PCGS. Their turnaround times suck, (no matter the submission service) but they are slightly preferred by the majority of numismatists......and besides that, NGCs quality control is just plain heinous now.