Impulse Buy: Stupid move or not?

LOL........:mouth:

 

Log in or Sign up to hide this ad.

in the qt did you do that lol

 

I think Adolph migrated to Brazil or Argentina. The body recovered from the ashes by Russian soldiers did measure only 5'6" from the recovered femur. Adolph was taller. At least that's what was shown on the History Channel. My major source next to CT for information.

 

TC: You never want to buy when a coin when it first comes out.....so you already paid too much.

Just look at the 2009-S quarters they are selling for about $15 per coin.

 

I generally agree with you but take a look at what the 1999-S silver quarters in PR-70 are selling for now though. These may be a better comparison than the 2009 DC/Territorial quarters, which were a single year issue and IMO an easily forgettable series. We now have a 10-year run of AtB quarters just starting. Who knows what might happen in this decade. The general population may get interested or the price of silver spot may shoot up, etc. I am happy to see that several of the initial ebay auctions for the 2010-S silver set are right at or even exceeding my total cost when you include shipping. TC

 

The worst that could happen is that the price could go to zero (which it won't in real life) and you'll be faced with the task of getting $170 worth of enjoyment out of practically flawless beautifully made pieces of Americana which, unlike a fancy dinner, will last the rest of your life.

 

I agree with your thinking on this. It's almost a gamble at this point, value wise. We have some history to look back on, but we don't know if the enthusiasm will be as strong, long term for this set. Or mintage as low. Which wouldn't matter to you, except for the idea of the price possibly dropping.

I think what you did is pretty interesting and might be worth the gamble. I can understand why you did it. It's certainly not the worst impulse buy I've seen or even done myself!

 

Not this argument again! I still don't agree that 69s are the same. I agree that most of the time, they are the better value. Sometimes you may as well get the 70. But 70s are the 'theoretically' perfect coin, to the 'naked eye', that the mint can produce.

69's are basically just about everything else the mint produces with flaws that are easily recognizable to the naked eye. Of course you can put a 70 under a microscope and find a flaw. I don't think you can look at the grade to this extreme. 70s I've seen, do not have obvious flaws, which is uncommon.

As discriminating as the grading system is, there's no way 69s and 70s could ever be lumped together IMO.

 

I believe the mint was charging $4.95 a roll for 2010 Cents ? I had the bad luck to get about 3 rolls at the bank. I open one and traded a few out, re-rolled the rest. Point is, they are worth 1c each.

 

And I'm just going to have to disagree with you here.

Yes some 70's have what you are speaking of, but from what I've seen, those purty little 69's are the same as those 70's.
Some 69's have obvious imperfections, and some 69's have none, and leave collectors like me, wondering why a coin that looks the same, graded at a 70.
A lot of coins don't have imperfections that would be visible to the naked eye, whether they be 69 or 70, but I will stand by saying that some 69's and 70's are the same coin, and should be 'lumped' together.

 

Well, maybe they are too strict with giving out the 70s? Or, there could be an imperfection on the edge that cannot be seen in the slab? I agree that there are some really good 69 coins out there that make you wonder why they did not receive a 70. But that doesn't mean the 70 designation shouldn't exist.

 

TPG's aren't too strict with giving out 70's they are way too lenient, because MS69's and MS70's, the majority of them are the same coin. NGC's definition of a 70 is no imperfections at 5 times magnification. I'd like to look at every 70 and 69, and going by those standards a lot of coins should be 69's and maybe some should be 70's...

 

***update***

I just received my 2010 AtB silver quarter proof NGC PF70 set. The coins are absolutely spectacular, and I even like the new laser finish in silver. I have to say that this new AtB series is starting to grow on me. Bring on the 5 ounce silver versions! TC

 

We've had this discussion over and over and over again, and it is likely that there will never be any complete agreement, pro or con.

Are there 70's out there? Yes! Whenever someone makes a blanket statement like, "There is no such thing as a perfect coin.", it begs the question, "Have you examined all 200 trillion coins to prove your assertion?"

What it boils down to is this:

If you can't tell the difference between a 69 and a 70, then buy the 69.

If you want the most "bang for your buck", buy the 69.

If you want the "snob appeal" for your Registry Set, go ahead and buy the 70. It's your money and you can do whatever you please.

Chris

 

Good for you, often times if you strike while the iron is hot you get the best deals, betcha you will start seeing them for more than you paid for yours.

 

They are beautiful.

 

To satisfy my curiosity, does the grader have 20/20 uncorrected vision ? I mean, I read the standard that error grading that requires greater than 7x is not considered significant by graders. The lighting has to be of standards, etc. Are we just assuming perfect vision by the graders, or is it standardized also ?

Heck, I could not even begin to grade a coin accurately or see an error with less than 30x, and in the pics of the authors of publications, these guys are wearing glasses, magnifiers, etc. Another facet might be that the same group of graders work together every day. Might that effect the grading also ?

With So much controversy over the grades, is it likely than we will have a standardized computer grading in the future ? Where a scan is taken and the machine assigns grades from that. then anyone with the equipment would get the same grade every time.

Just wondering

 

You present a good point, and it could go down that road.
This reminds me of something I read in a book called Jurassic Park. One of the things in that book was Chaos Theory. Chaos Theory explains nonlinear equations and how the tiniest imperfection can alter the outcome.
In this situation you would think that a computer would be able to grade the coin with 100% accuracy and it would go in its database and grade the coin based on other pictures, and it would find errors and VAMS and so on.
This is a nonlinear equation, because every coin is different, you could give the computer a mind of its own, and what if it can find the error, because it isn't in the database? The computer can burst. What if the coin is really a 69 or a 70 and the computer can't decide which?
Machines are unpredictable, the outcome might be different every time.
It won't work.

 

A few years ago, I probably would have agreed with you. But the technology has absolutely taken off to the point that the machines can handle any task as mundane as grading a few million, trillion coins. Heck, this is a brand new laptop. A real cheapie with only 2GB DDR2 Ram 250 GB HDD with a HD monitor for under $400. Can you imagine what a $10,000 machine could do ? Every US coin ever minted could be in it's on board data base. And every grade would be exact. I feel the guy who writes the software and puts it into play is going to make a bundle of new money. Previously graded coins would all need to be machine graded just to authenticate the grade assigned. Nope, no way the machine would blow up
anything not in the data base would be set aside for a re-evaluation or tossed like the human graders do. Only the machine would do it better and with greater precision and accuracy.

Just sayin'

 

I'm still going with Chaos on this one.
Something will happen. Always does. We don't live in a perfect world. (And there are no perfect coins) (Sorry couldn't resist on that last part)
I think it could happen, but when it does there will be more problems than most people think.