Graded coins - when will the market crash?

Log in or Sign up to hide this ad.

But isn't the scarcity the whole point? When it comes to circulation coinage I tend to stick with the Sacs and the Presidential dollars. MS67 isn't too hard to find in the Sacs and I have a few MS68 (MS69 in the SF) but clearly the Presidential dollars are of less quality so MS67 coins are rare.

 

It's been said before: "Buy the Coin not the Slab" I have purchased and sent back to sellers a couple of poorly graded coins by PCGS (Not Even Close to standards) Nothing or NO ONE is perfect!!! It's still and OPINION and even 3 graders can be WRONG!! I'm NOT a HARD NOSE but the current trend of prices for PCGS graded coins is scary! Nuff Said

 

At The ANA there was a Barber half: 1892 O --- micro ), in a PCGS slab, G-4.

I jumped to ask to see it.

There were scratches on the obverse, and the reverse was barely an AG.
But, I guess that PCGS wanted it in their slab.
Oh, and trends is $2,000 in G-4,
the seller wanted $4500.

 

I'm glad I wasn't drinking water at the time I read that because I would have spit it all out my nose. Oh well....
Griv....do a search sometime here on CoinTalk for PCGS vs. NGC....

Speedy

 

AIn't it funny how a "key" coin gets upgraded even by PCGS?

I have seen 27-S Standing Liberty Quarters in PCGS at F12 that are lower in grade than my rew VG8. Always wants to make me send those in for slabbing but I haven't caved yet.

 

No, I'm not. I think I can tell a proof from a MS. I'm a little surprised at the response from such an experienced collector and coin expert since I have many MS68s in circulated coinage and many MS70s in uncirculated coinage. Also almost all of my proofs are PR70DCAM, I lack only 4 non-70 proof gold eagles which of course are part of the #1 Eagle collection in existance. Chaos. 69.70 on my last check.

 

MS-68's aren't excessively rare for many ultra-moderns and some moderns.

I'm sure Griv is referring to the Satin Finish coins found in the mint sets since 2005. These have been appearing in extremely high grade. The first MS-70 circulating coin was just found in a 2003 mint set this year. It is the Philly cent.

Many purists don't consider the mint set coins since 2005 to be circulation issues since they are distinct from coins made for circulation.

 

I am in agreement with GDJMSP as well as cladking. I think there was a little misunderstanding and SF in this particular reference was for the Satin Finish but easy to confuse for San Fran and the proofs. My mistake, I am sorry. I want to be clear that my experience is only with the much less complex world of the modern coinage. I absolutely respect the knowledge and experience that the traditional coin collectors need possess. I apologize if my posts have led to any confusion or implied slight as it was never my intent.

 

for those who purchase morgan silver dollars on ebay that art slabbed, pay great attention to the slab company.

there are many companies in the slab business, most over grade coins by 5 to 6 grades, these companies include nacnumismatic authentication company and ncgs national coin grading service.

there are many others, talk to your local coin dealer, go to a coin show and ask 10 different dealers what companies that slab coins they would not purchase. or better ask what companies they recomend.

art splane

 

Hello Art and welcome to CoinTalk.

Your points are well taken.
Dig deeper into CT forum and you'll see that we've been ripping on "garbage" slabbers for a long time.

Ebay now recognizes only a small handfull of slabbers as legit. All others are considered "raw". This is as of today (unless they bumped it back again).

My personal "favorite" (amongst many others) is SGS.

Please feel free to list any grading services that you feel are "questionable" along with web sites if possible. This is a good place to expose them to an informed community using reasonable boundries. In other words we need to watch or Ps and Qs but are free to discuss these things in depth.