http://www.ebay.com/sch/m.html?_nkw=&_armrs=1&_from=&_ssn=siriussportsauctions&_sop=1 Buying up slabbed PCGS 69 coins and hustling them at huge prices. Buying them at 13 or less. Dealer I know bought 30 for $10 each (1976-silver DCAM 69) and will try to sell for $22. PCGS asking $ 59.00 + tax $3.60 and $ 8.00 shipping. 70 bucks for that! HSN has that market TV outlet and I guess try to take the non-collectors with something "special" https://www.hsn.com/products/1976-pr69-pcgs-eisenhower-bicentennial-silver-dollar/8374673?sz=13&sf=CO0101&ac=&cm_mmc=Shopping Engine-_-PLA-_-Coins and Currency-_-8374673&channel=PLA&mr:referralID=e188f7da-06b7-11e7-9012-0050569451e5&gclid=Cj0KEQiA3Y7GBRD29f-7kYuO1-ABEiQAodAvwPJOuB6pSYdKMvtyqgCNnZsonaYs9JhEEqrVX93eOMkaAsbZ8P8HAQ https://www.hsn.com/products/1971-p...Qht89f-Gu-UWSwBLMIz8obHFX98c5NDiv4aAvaR8P8HAQ
Make the above---"PCGS asking $ 59.00 + tax $3.60 and $ 8.00 shipping. 70 bucks for that!" Not PCGS but HSN putting them out.
Personally, I don't care for graded coins. If i buy,( which i do ), From reputable companies like APMEX, I don't need my coins graded to begin with ( without pcgs as well as ngc ). Most people as well are paying for the sticker(s), NOT the coin(s). A lot of folks don't realize that a lot of the folks that grade these coins usually touch some part of the coins with there finger(s) or thumb. In time it will show up on the coin(s), And will ruin a numismatic coin. I prefer the OGP ( original Government Packaging ). If you like graded coins, More power to you. Things as far as i'm concerned have gotten way out of hand with grading. Good luck.
It appears someone(s) with much money and no real love for the hobby looking to score it quick $ wise bought and broke up zillions of poof sets and had all the coins slabbed hoping to score 70s on anything from penny to dollar coins. If one looks at the site the slabbed coins are most totally proofs...there are few MS coins offer and naturally NO 1972 Ike business strikes- any of the three varieties or any other business strike coin. Even mint set only business strike coins like 1973 P and D ikes, or 1970D Kennedy are not offered. If one checks with reputable dealers and coin shows to attend in person one can purchase much more "rare Ikes" or even any other coin they have there -exception nickels and halves at slightly over what more common dates are going out on this massive bidding site. I appears that many of the coins on this Sirrius site selling for about what the slab alone cost particularly nickels and often JFKs.....I do not know how many 70s this person or group got from this massive slabbing but it does not on the surface appear good. I bought several of these coins with low ball bids- far cheaper than any coin dealer could sell-- only to fill out some sets and capital's I had holes in. You may not need grading parties like myself and most others on the board but to the general public mostly uneducated in the field it appears to bring comfort in buying especially with a smooth talking sales person on a national TV outlet at the helm. Myself I have many GSA CC dollars from the 1970s. Often bought when the government auctioned them off or shortly there after. I mentioned this Sirrius in the original post as it is quite interesting to see the "demand" and therefore price is for these "slabbed rarities" as they have had this auction going for weeks.
I know a dealer who did this for several years. He has a good eye and he went through just about every other dealer's inventory, one by one. He bought the sets that had a couple good coins, sent them off to be graded in bulk and sold them at his show table. It was a hard way to make a buck, and ultimately he saw a drop off in sales as he had saturated the market. Luckily it was also about the time he'd seen all the inventory except for new purchases. But he probably added at least 100 coins, maybe more, to the certified pops for the 1950s and 1960s.
Interesting story I did this for a while some time back on a much smaller scale with the 1973 mint sets. At that time there were many good Ikes still available in these sets that had not been cherry picked. It was not too uncommon to get 73's in MS 65. I even was able to get two Philly 66's which I sold one and still have another in my top grade Ike collection. A bit ore plentiful were Denver 65 and up. Not too long ago i saw at a show some 1973 sets for sale and apparently no one had looked to hard at them and a couple of the Ikes looked to be solid 65s. I wonder how many of these 65+ coins are still out here in mint sets either being sold or just being held. Friend of mine going through 1970 mint sets about two years ago at a sale by people of an estate found a Kennedy that had real proof-like qualities and was hardly scarred. I believe he said he as going to send it in in hopes for a 66 or better then sell it for the right price as he was not a half dollar collector. I will ask him now if he did.
