ICG Grading

There's a lot of relevance in what doug says regarding slabs and perceived value. It's too bad most here choose to remain ignorant on the subject.

 

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True. I have seen some interesting pricing with dealers - raw coin listed at same grade for more than a slabbed one. Two slabbed coins from same tpg with same grade listed for two different prices - both coins about the same. PCGS coin more than NGC, NGC more than PCGS - coins about the same and at same grade. It can be interesting at times. Part of what makes this hobby so much fun.

 

I agree, and I think I may be getting caught up in what value means. I like your phrasing as perceived value.

 

You are definitely Not one of those I was referring to beef.

 

Edited ~ Do not post any personal information

 

heres some photos of just the coin (ms-67) and sold for 5,000.00 dollars View attachment 282711 edited ~ personal information

 

Not sure what you're getting at there, Rick, but you REALLY don't want to post images with identifiable financial-account information.

 

It seem everybody is talking about grading companies, and raw coins (prices) just posted to show, pcgs rocks #1 nothing else compares, 5000.00 dollars for a ms-67, no one can touch that grading company for quality !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

For quality? Did pcgs make that coin or just put a guesstimate on a piece of cheap plastic? The coin is what was quality not the opinion.

 

yes very true, but pcgs has the best quality for the grading companies, if you know what your doing with todays standards, I do agree, we all grade coins before we send them in, but if your looking for a true grade ( high spots on coin where most grading company will let it slide, pcgs won't ! example pcgs will not grade this coin higher then ms-66, because of the half circle that suppose to be there, see photo ! I can say other grading companies would let this slide

 

Pcgs does a fine job, I'll give them that. I just personally wouldn't pay more for their educated opinion over my own.

 

yes i agree with you buy if 90% of buyers are willing to pay $290 for it then can we still say it? we hide behind calling the buyer an idiot but if the world is full of idiots then what?

 

why can't we all just get along lol !!!!!!!!!!!!!!!!!!!!!!!!!!

 

its not about me getting it or not. its about market place staring us with facts in the face and we are choosing to ignore it.

sample this ebay prices not good because buyers dont know what they are doing

heritage good because buyers know what they are doing

how many people buy on both heritage and ebay?

who decides what is the right price for a coin? a group of minority experts or the majority paying public. if 99 people are willing to pay x amoint for a coin and 5 people want to pay x-y just because they are experts is x-y the right price.

all auctions whether on ebay or anywhere else is about the last man standing so how can any of those prices be a fair price. it has always been a winners price and will always be that.

On one hand we say prices change every second and we also say no 2 coins are alike yet we have absolutely no qualms about commenting what prices are fair.

there are many so called experts on this forum alone who have sold coins below their purchase price. so are they real experts then?

i submit that there are two different beasts one is coins the other is coin prices just because someone knows coins doesnt mean they know coin prices and vice versa. this is the same reason the dealers we keep berating for lack of their grading skills continue to make a ton of money while the so called numismatic experts keep losing money to the same dealers.

As one wise collector on this forum remarked when he was asking about whether to buy a coin or not. "Just tell me about the coin the price is something i will decide for myself"

 

are you saying that me and GD dont get along? Really?

it takes an enlightened mind to be able to entertain a thought without either agreeing or disagreeing with it

 

well at least enlighten me it was one of my longest posts

also we should have a thread regarding coin ethics. i think there is a lot of grey out there if we can thrash a little bit of it and if some readers benefit from it then its a win win

 

While I see your point Spock, here's where I see the flaw in it. Sure, a piece may sell a few dozen times on eBay for x amount. People are bidding against each other, passions flare, then it becomes not about the coin but rather the win, at any cost, and so a coin that might sell for $100 all day at shops and shows goes for $400 in the same grade on eBay. Tell me this isn't an every day occurrence. Of course, that coin sells at its retail shop price far more often than its eBay bidding war price, so that is why we don't use eBay prices for anything more than a good laugh, because it's the inexperienced buyer who is willing to pay three times more for something and claim victory, not the knowledgable. That's my take on it.