I was perusing a dealer’s inventory of Peace Dollars, and thought I would try this. I spent about a minute picking the coins in question, so it’s not like I laboriously searched for my examples. All the pictures were taken with the same setup and lighting. Coin pics will be shared later. Ignoring the date and VAM, which is the nicest coin grade-wise?
Not really sure where you're going with this, but with any group of coins the answer will vary depending on the coins, regardless of what the plastic says.
I buy sight unseen fairly frequently. 20% back of greysheet. The whole point is to buy the holder for resale, and not bother looking at the coin.
My point. But this is supposed to simulate the sight-unseen market that the pro-TPG posters say that the TPGs protect.
I don't understand why people post things like this just to stir controversy. Can't we be more productive/constructive with our time?
Some actually consider it to be productive/constructive. How and why ? Simple, because it stimulates the acquisition of knowledge.
This is exactly why I am a member here the pursuit of knowledge. A lot of us do not see it as controversy but more of reason to not blindly trust the company's that control the market.
The framing of this suggests that it's not intended to stimulate but push a personal agenda. I'm happy to agree to disagree.
Anyone seen the blue “W” Sight White stickers? I spoke with the founder at a show and he explained that this subject is a key reason it exists- so dealers can buy certified coins sight unseen and trust that they will be solid coins with no distractions regardless of the technical grade. I.e. - if you’re buying an MS64 Morgan you know you won’t get it in hand and have it covered in spotty unattractive toning if it is a SW coin.
As am I. Well, you're right, I do have an agenda - the pursuit of knowledge and truth. What's yours ?
Basically, what CBD said.(I'm not a dealer) So my answer to the OP questions would be "I don't care." also, I've not heard of the SW stickers; sounds kind of like "CAC Lite?"
The only agenda that I am pushing is that not all coins of a given grade are the same. The label does not tell the whole story.
Sort of, though I would guess a solid percentage of CAC certified coins wouldn’t receive it as a lot of those “strict originality” coins that CAC rewards would be deemed distracting. They’re also not charging anything for it at this time. As far as the sticker mania thing goes I think this particular one actually makes sense in regard to the OP subject.
If I believed every sticker that's used today I would have bought half the junk being sold. CAC, MAC, BW, PQ, SW, W, Wings and on it goes. Buying coins sight unseen = a fool and his money......
I've seen a few but not enough to make a call on how accurate they are. If we're talking about a true sight-unseen market, I would guess the coins sold that way would tend to be weaker on average since anything nice would not make much sense to "give away" at sight unseen prices. Those W stickers could be useful though with online auctions where the photos aren't good enough to tell what the coin fully looks like.
Collectors shouldn't buy coins sight unseen. It's for dealers like me. I pay a flat price whether the coin is ugly, pretty, accurately graded, undergraded, or over graded. I do that because even at the price I pay (sight unseen), I know I can still flip it for a profit, even if it's a lousy coin.
Exactly. For collectors, now more than ever, it is imperative to see the coin inside any holder. Due to "possible" gradeflation, fake slab, A.T., etc... buyers beware. JMO.
You would be mistaken if you thought any of my comments about being constructive or having an agenda were somehow about you or directed to you... Also, still waiting on you to finish your pursuit of knowledge and truth in this conversation: https://www.cointalk.com/threads/minting-pennies.339546/page-2#post-3550023 Been fun chatting
I'm actually very interested in seeing the results. Obviously, a careful OP could cherrypick the coins shown to prove his point and further an agenda - but I think there is something valuable to take away even from that. That being said, very, very few purchases by collectors these days are sight unseen.