PCGS Premium Labels

Discussion in 'Coin Chat' started by HowardStern, Jul 14, 2016.

  1. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    The true test is LASTING value, aka ZERO.
     
    19Lyds likes this.
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  3. Insider

    Insider Talent on loan from...

    We'll never know. :dead: Lots of worthless (at the time) "sample" slabs have become very collectible. :p
     
  4. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Always liked them. A fellow Red Rose (Lancaster, PA) member exhibited sample slabs last year at Rosemont. Too many good exhibits in Class 18 - he got shut out. His collection of them is HUGE!
     
  5. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    If that's the case, just start charging a fee every time someone wants to know something about one of the older slabs.

    Chris
     
  6. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    They could call it a Bidiot Label.

    Chris
     
    Santinidollar likes this.
  7. Ethan

    Ethan Collector of Kennedy's

    Last edited: Jul 16, 2016
  8. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    FWIW, I think all 1998-S Mattes are SP, if not Matte PF. Calling them MS is just nuts. Same with the 1994 and 1997 nickels from the Jefferson and Botanical Garden sets. When you dive deep in the literature, they're all struck as matte proofs.
     
  9. HowardStern

    HowardStern Member

    According to PCGS they charge $18 extra for a first strike label. So each modern coin will cost around $38. If you submit in bulk(100 or more), I'm guessing you might pay around $30 per coin?
     
  10. mikenoodle

    mikenoodle The Village Idiot Supporter

    I still fail to see where a label enhances the value of the coin... could someone enlighten me?
     
  11. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Ever heard the saying "beauty is in the eye of the beholder"? Whelp, it's pretty much the same thing. Think of how much of a difference the label can have on the cost of certain clothing; if you took a walmart shirt and slapped a Ralph Lauren/Polo or Abercrombie label on it, someone is going to pay many multiples for it. Remember the Cadillacs and Lincolns that were nothing more than rebadged (re-labeled) and slightly fluffed up Chevys and Fords? Should the label matter? Imo no, but the fact is that as long as some people will pay up for them, they do.
     
    josh's coins likes this.
  12. josh's coins

    josh's coins Well-Known Member

    I think we spend a great deal of time complaining about NGC and PCGS's special labels.
    The bottom line is these companies are for profit entities and if they think people are going to pay them more for creating a fancy new label then they're going to do it.

    Afterall Numismatics is a very visual hobby we thoroughly inspect our coins and enjoy displaying them as our prized possessions. Some people want to take their displays a bit further by buying these special labels. There is nothing wrong with that and we have no right to tell other collectors how to collect their coins.

    Let's just leave it at that.
     
  13. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    That's a pretty good assessment, Josh, and we'll* said. Good to see you're hanging in there.


    * "well"
     
    Last edited: Jul 18, 2016
    josh's coins likes this.
  14. Santinidollar

    Santinidollar Supporter! Supporter

    It doesn't enhance the value of the coin itself. It's a package (coin and slab) that some collectors will pay extra for. Your humble narrator is not among them.
     
  15. josh's coins

    josh's coins Well-Known Member

    Thanks books I haven't been around much in the past year or so but I've been learning more about coins and life in general though!

    Good to be back
     
  16. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Good... glad to hear it. At your age though, the latter should take precedence. ;)
     
  17. 19Lyds

    19Lyds Member of the United States of Confusion

    Actually, it's NOT Numismatics but pure collecting for the purpose of collecting "something".

    I don't think that the "Museum of Epic Stupidity" is really called for since people collect whatever they want. The stupidity comes when someone falls for the belief that the label implies any thing numismatic speaking.

    BTW, I used to collect First Strike™ Labels but gave it up after realizing that when it came time to sell, the market simply was not there. No doubt it was a losing proposition based upon the false narrative that the label meant anything!
     
  18. Conder101

    Conder101 Numismatist

    I think I've been insulted again. :)
     
    SuperDave likes this.
  19. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    I'm the very last person on the planet to know or explain anything about registry sets - the whole idea runs counter to every fiber of my being. That said, do the TPGs give extra registry points for the non-standard labels they themselves proliferate? If so, that's a pretty shameless and dastardly way to manipulate customers, isn't it?

    Yeah, they're not going to get me with that garbage, but for registry fanboys and goils, it would seem that at the margin, they're setting up a false and ephemeral demand for something that the old school core of the hobby values not one whit. Of course, that's marketing in the 21st century - all sizzle, no steak.

    In fact, if you think about it, that is what every "problem causing practice" in numismatics boils down to - steakless sizzle. Cable TV, excess labeling, flipper culture, Bullionista web rants, every word Peter Schiff ever utters, all of it. Marketing for marketing's sake, with no concern for the product or the ultimate customer.
     
    Last edited: Jul 19, 2016
  20. Santinidollar

    Santinidollar Supporter! Supporter

    Nice to see someone besides your humble narrator stick Peter Schiff in that category.
     
  21. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Dante Alighieri hath not written of a level of Hades deep and perverse enough for the likes of Peter Schiff to spend eternity. When I wrote on another thread about the fact that many wealthy morons exist, Peter Schiff's face was the one before me. But he's worse than that - he's Lucifer, The Dark Prince himself.
     
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