PCGS made a big mistake?

Self edited

 

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So now it seems clear why you feel only the stuff you collect is worthwhile. You like its exclusivity for its own sake. Nice. Not that you are alone in that. Many collectors are far more about what the other guy doesn't have, rather than what they do. It's pathological.

 

Self edited

 

I collect pretty coins. I don't care about population reports or mintages. The fact that others want the same coins I do is a reflection of supply and demand, not simple exclusivity. I have posted many coins on this forum. Feel free to find a coin that is really ugly and no one here thinks is pretty yet in high demand. I await your posting my coin pic.

 

Okay, my father graduated 8th grade, barely, and went to work full time in a factory at 14 because he had no living father. I'm the first college graduate in my lineage on either side, having graduated from a mean nasty inner city high school to a Pennsylvania Ivy school. So what?

 

I'm done. If you don't want to acknowledge what I wrote that is your choice. Just keep the conversation on coins and try not to assume you are the only guy on the board who knows something about both coins and accuracy of the facts cited in their posts.

 

How dare you assume I am an Obama fan? I most certainly am not! I was the chairman of my county's Young Republicans and the chairman of my city's Republican committee. I left the party very recently because I felt they had gone crazy from reading their own platform nonsense from these Tea Party whack jobs. Suffice it to say that we'll never be in a common social circle, Vic. Oil and water.

 

Well...this thread sure derailed...where are the mods to close a thread when you need them?

 

Away at school for a few weeks .... Look at what I missed?

 

Don't mind me I'll be over here with my bust halves...

Oh yeah... ENOUGH WITH THE POLITICS GUYS. Get this thread back on track or I'll have to close it.

 

Yeeees, Mister Dinggger. How's the wife and baby?

 

in total seriousness, you MUST get more titles under your avatar. three just doesn't do it for me anymore.

 

Agreed!

Add:

El Jefe.

El Presidente.

De Boss.

 

OUCH!!!!!!!!

 

Last word before the thread is killed...

 

I think the big mistake is anyone buying a label instead of a coin. I just don't see the labels holding the value over time on a mass produced coin. Its like beanie babies and comic book variations and baseball cards all over again. Buy the coin not the holder and label. I mean I could be wrong but I think in 10-20 years people will be laughing at what some people paid for labels.

 

Why wait when I can laugh now? Ana kennedys are down over 40%.

 

I am laughing too, its ridiculous the labels hold zero value and its clear the TPG's have no shame and will put a label on anything that will line there pockets a little more and yet for some reason people are holding onto some false delusional hope some silly label will add value to the coin. Heck the coins aren't rare to begin with they are over produced and readily available you don't have a Mickey Mantle rookie card that is truly rare you have a topps card made in 1994 with Mickey Mantles face on it that was mass produced for nostalgic reasons. Or you have a 1913 v nickel made in 2014 by the mint in mass quantities for the same reasons. The coins aren't rare and slapping some silly label on them to create some kind of false rarity is like hoping your beanie baby collection will fund your retirement.

 

I think people buying kennedys are lucky that as long as gold holds its value they are only exposed to a $300 loss at worst. That is assuming they bought from the mint.

 

Thats goes with any recent bullion purchase be it silver or gold. Your purchase will always hold the raw value to it but not the arbitrary value and labels are a very arbitrary value. You could have made a quick turn around for a week on these as a collector but if you held onto them longer that your losing now as the arbitrary value disappeared quickly. Take the guy who spent 100k on that first coin label I'd be surprised if just a month later he could get 5k out of it. These simply put are bullion, they hold little to no numismatic value to them and no matter how many labels you slap on them that will not change the fact that they are bullion.

I'm interested in the silver set but only if the price is reasonable to their bullion value.