ICG vs. NCG vs ANACS vc PCGS
I'm very new to coin collection and one of the things that caught my eye was mike mezack on HSN and he was selling a First Day of Issue coins for around 140. Yes, I did buy a one.
Later after searching the internet, I noticed that I could have bought the same coing with ICG or NCG for less than 100. I assumed that the value of any 3rd party grading company would be the same? Why does ANACs cost so much more?
Also, to complete a PR70 collection, wouldn't it be more value to keep all the coins with the same grading company?
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Replies to This Discussion
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Permalink Reply by Gary on -
First thing to do would be to call and cancel the order because buying coins off TV is a mistake! Prices are always inflated!! Only watch the coin shows for entertainment purposes!! Secondly, check around for prices before buying anywhere...ebay,your local coin shop and internet coin dealers! Thirdly, i would never buy ICG or Anacs graded coins except under some rare occasions. PCGS and NGC seem to carry better premiums and are more respected, although PCGS is losing ground after the 25th Anniversary fiasco??
Coin collecting takes alot of patience and stay away from the impulse buys!! Always do your research!!
And of course this is just my opinion!! And i am nodody important and i have only been collecting for about 16 years. There are many others on here with many many more years in this hobby and have much more knowledge than I do.
Enjoy
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Permalink Reply by Clair Alan Hardesty on -
There does appear to be plenty of evidence that ANACS & ICG grant a higher percentage of 70s than NGC, which appears to grand a higher percentage than PCGS. This does not mean that coins graded 70 by ANACS, ICG, and NGC are of inherently lower quality than those with PCGS labels. It means that some of the coins granted 70s by ICG, ANACS, and NGC would not receive the grade from PCGS and it means that most of the coins graded 70 by PCGS would also get that grade from the others. I am of the opinion that you should never buy 70 graded coins without seeing the actual coin you are buying (either in person or via high resolution images) because all of the companies make mistakes and because not all 70s are equal in any of the companies slabs. The premium being paid is too high to buy these coins sight unseen, that kind of buying should be reserved for buying in bulk where the highs and lows balance out (and where you are paying wholesale, not retail prices). In reality, sets of coins are rarely worth more than the sum of the individual coins values and are usually traded at a slight discount. The only value in having your coins in the same or similar slabs is if that is the way you like it and the value comes from your pleasure because it won't come from a buyer's wallet.
I don't collect slabbed coins (I do occasionally buy them but usually remove them from the slabs). I prefer raw coins and don't see any real value in having my coins graded and slabbed by the TPGs. Individual slabbed coins are probably easier to sell than raw ones but I am not concerned with that. As Gary points out, you should always shop around to find the best price for the item you are interested in.
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Permalink Reply by Brian D on -
STAY AWAY from ALL the TV CROOKS, At least Billie the Kid carried a gun. Way OVER PRICED, stay with NGC or PCGS. Check the many online coin collecting sites where you can find QUALITY coins at a FAIR PRICE. SHOP around. GOOD LUCK and HAPPY BUYING.
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Permalink Reply by Bruce Wiseley on -
I also watch the TV coin shows, but usually for the entertainment factor, and to use their years of knowledge to learn a few things. The "Country" boys on the Coin Vault, and the West Coast guys are always on DirecTV, although Barry needs to cut down on the Mountail Dew! A few years ago, Shawn did find two back issues of the Dragon and Snake coins, Series one, for $40 apiece, so I was very happy with that. But the deals on TV are few and far between, but hey, you never know. Good deals can be found anywhere, especially when you need to fill a hole in a collection. Good luck, and just have fun.
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Permalink Reply by Buffalo Hunter on -
If i had to give my hard earned fiat dollars over to a stranger to tell me what my coins grade out at., It would be NGC i like there holders better. And seems to me pcgs inflates there graded coin prices way out of reason.
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Permalink Reply by Daryl Weitz on
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WOW! I have to say that I'm overwhelmed by the responses that you all have given. I"m shocked the different grading companys are now vauled differently as well. What was the 25th Anniversary fiasco? I guess I assumed that since I haven't seen ANACs coins anywere except for HSN that I thought they were less in quantity as the other grading companies. I know now that I was a sucker impulse buyer and yes I"m sending those back.
CAH.. so your telling me that NCG's rating 70 is more valuable than PCGS's rating of 70? Doesn't that seem like a disloyalty to the numismatic community? But what you all are telling me is that each PR/MS70 rating is different per grading company?
So all coin shows are crap? I saw the Coin Vault guys had a ton of lincoln rolls for sale and the entire set was only $40 bucks. It's safe to assume that these rolls were only worth $20?
I've seen a few websites that have voins for sale, but what are some reputable websites that sell some solid coins?
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Permalink Reply by Clair Alan Hardesty on
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Actually I meant to imply that PCGS 70 graded coins sell for more than others on average. And, yes, on average coins graded 70 by the top four TPGs do sell for different prices. What varies between companies is the separation between 69 and 70, which results is varying percentages of 70s given out. On average, PCGS gives out a lower percentage of 70s for any given coin, NGC awards slightly more 70s and ANACS and ICG still more. By the time you get down to MS/PR64 or so, you won't see much variation between companies but there is still some because grading is a subjective process and even within one company, different graders have different opinions. The truth is that each coin is unique and you should treat them so and make your own judgement as to whether a coin is worth the asking price. Buying coins sight unseen based solely on grade and TPG is something that should generally be left to the volume buyers, especially when dealing with MS/PR70 modern coins because the difference in value between 69 and 70 can be huge.
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