Another Slabber.....Oh boy!

Okay, I agree ANACS is up there too I just don't see them very active in the modern gold and platinums so I have never owned one. You have to remember, I'm not not one of you collectors that actually have to know a slew of grades, I've only got to worry about 68, 69 and 70. I'm a lazy coin collector but my hat is off to you. I'd have been a real coin collector too if I hadn't sold all my coins off when I turned into a teenager. Sort of like that thread here on the collection stolen by the 15 year old but in my case I did it to myself.

What's wrong with the PCGS bandwagon. I'm the president of their fan club. Almost. :rolling:

 

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a slab is simply something holding my coin, I will give it my own grade thank you. I will defer to some tpg's in matters of authenticity only, however I reserve the right to disagree with them if the known diagnostics of a certain rarity fail to present themselves properly on the coin. I'm not into all this modern ms-69/70 hype, in 20 years how much will a ms-70 2007 $ coin be worth when the known population is 1,000,000. Honestly

 

I agree with the first part but agree to disagree on the ms69/70 hype as the gold and platinum eagles represent the first time in recent history that an issued coin not only has potential numismatic value but also has its metal intrinsic value. This has brought a lot of coin collectors into the market which is a good thing.

I certainly don't compare these coins to the classic and absolutely defer on judgment in this area. Haven collected the gold and platinum eagles/SOLs for a long time, I see great potential in increased value over then next 20 years. The metal values are sure to go up but the sheer demand for grade 70 modern coins versus the relative number available will also continue to drive the value up. I've never sold an eagle for a loss so while I know there are a good amount of collectors that ignore them, IMHO I think they are the start of a modern classic.

 

One thing to remember is that the market is somewhat skewed toward PCGS having nice coins in their holders. Because coin in PCGS holders bring more money than coins in rival holders (the market perceives PCGS as the top TPG), many nice coins in other holders are crossed to PCGS. If an early dollar, for example, is graded NGC MS-65, and will cross at that grade to PCGS, the owner is very likely to cross it and sell it at a higher price in PCGS plastic. Especially with NGC, it sometimes seems that more lower quality coins are in their holders......but the nice ones have been crossed.

There are certainly some overgraded and dud coins in PCGS holders as well. I can also say that there used to be very few modern coins in older ANACS holders because ANACS was so tough on moderns that the dealers wouldn't submit to them.

 

Hey Griv,

Now that explains A LOT to me. We're from different worlds as it were and I can respect that.
I do VERY little in high grade moderns unless it's dirt cheap. One big reason is the technology the mint now posesses.
I do buy Silver Proof Sets and if I get one that doesn't have at least PR67-68DCAM coins I'm disappointed.

BIG dealers slab those coins. Guys like me don't as many of us feel that the population is MUCH higher than the PCGS report - they're just not slabbed.

Sorry you sold all of the other stuff as a kid but it's never to late to start again ;O)

 

Naw, I can't. Sort of like writing a really good post and your browser flakes out. No way I can write it again.

The eagles and sols will remain my passion although I do get a little dirty in the UNC Sacagawea realm. I do visually go through a few thousand a year looking for that diamond in the rough. Sometimes nuts, sometimes shells.

 

Girv,
What do you think about PCGS deciding not to hand out the MS70 grade even when they agree that the coin is really MS70? It has been posted here before how that when grading ASE PCGS will almost never give out the 70 grade because (now get this) the coin might get a milk spot later down the road and they would have to pay the differents in value. Now tell me this....does that mean that PCGS is better? Remember, undergrading a coin is just as bad as overgrading. Now people say that PCGS is so much better than NGC because NGC hands out many more MS70 and PF70's than PCGS. Now when thinking about what I've just said...who is right? NGC who gives the grade that the coin rightly deserves? or PCGS who is worried about maybe having to pay alittle?

You see....you can make a company sound really good by offering something that is nothing but hog wash. I co-own a web hosting company and I've been asked about some of these hosting companies that offer such things as Unlimited monthly Bandwidth. Now once you get into all of the details you will find that no one can really have, or offer Unlimited Bandwidth. Bandwidth is limited...but yet some companies look at stats and decide that since most sites only use (and this is just a made up number) 1GB of bandwidth a month, they will offer "Unlimited" and no one will really know. Now are they right?...is it right to offer something that you don't really have...or is it right to offer something just to make yourself sound good?
This is kindof like the problem between NGC and PCGS....who is consistent....that has been the topic of many many threads here on CoinTalk.

Speedy

PS---I have emailed such companies as I talked about above and asked them if they would be willing to host a site that would take a few hundred GB's of bandwidth a month....I've never heard back from any of them.

 

I hear you loud and clear and I agree. First off, blame the darn Mint for whatever they are doing to the silver MS eagles. I've seen enough milk for me to support PCGS's position on the MS Eagles. I've even seen a few recent Proof milkbones but as of yet no modern commemoratives. Usually they are browner or have edge toning.

Second, PCGS guarantees their grade and the milkyway MS eagles have resulted in the most costly buy back in PCGS history. Oh yeah, that sounds like sound business if you ask me.

I think you have a point but I don't think it changes the way PCGS should grade the MS silver eagles. Maybe it's the Mint that needs to change as in my opinion they have ruined the MS eagle collections. Typical government BS. In 20 years they will be grading them MS-Milkyway or MS-NonMW.

IMHO
Griv

 

Dan,what do you think of this one; www.cgs-uk.biz ? They're a British slabber that's come up with a 100 point grading system instead of a 70 point grading system.Several grades of Unc. - give us a break! To me,it is either Unc. or it isn't.

Aidan.

 

Aidan,

I know next to nothing about British coins so it's hard for me to say. I DID notice that they only have five "subcategories" mentioned. AU and G are missing but who am I to say?

A 100 point scale would be interesting but you would really be splitting hairs on grades. A field day for resubmissions.

99% of my coins are U.S. so that's what I know best. Should they start to grade U.S. coins I'd have a stronger opinion.

YOU are the world coin expert. Maybe you should start an "Aidan Blog".
I'm serious about that too. If it's not U.S. it's hard for me to give an opinion.

Food for thought.

 

Dan,I'm only a specialist collector of British Commonwealth coins,not a grader.My boss is the one that does the grading at work.

Aidan.

 

....but you certainly love SGS! LOL

Seriously though I'm not a professional grader that's why I don't slab coins.

I have been around U.S. coins long enough that I know more than the people that are buying this garbage and actually believe it's graded correctly.

These are the slabbers that I target - the blatant over graders. I'm SO tired of seeing MS67 Morgans. I look at the pics and see chatter all over the cheek. NOT MS67 coins.

My British collection consists of a few 1970 Coinage of Great Britian and Northern Ireland proof sets. Beautiful coins, have no idea what they are worth but do know that I bought them cheap.

I was serious about you starting a blog as you know the British Commonwealth coinage. If it's blatantly over graded I can't see you holding back for some reason. ;O)

By the way GEC got some "love" on my blog yesterday. Not so much for grading but because the site is nothing but a disclaimer with no contact links. Kinda makes me wonder.

 

well said.

 

why doesn't pcgs grade it a 70 if deserved BUT issue a "we don't and won't pay you if it spots disclaimer?"

 

i agree, makes sense.