Thanks for everyone who replied to my first post yesterday! I'm starting to think the KISS method might be my best for coin collecting. Anyway, question number 2: I'm noticing a couple of different "tags" on PCGS graded Presidential $1 Coins and, in thinking about submitting some of my own to PCGS, I was wondering how many "tags" exist? By tag I mean the written information encapsulated with the coin by PCGS. I cannot find any information on their website so I thought I would ask here. The ones I've seen are a standard tag, a satin finish tag, a first strike tag, and a presidential signiature tag. While the satin and first strike tags are obvious, is there a special requirement for the signiature series? Is it for proofs only? Are there other tags just for the presidential dollars that I have missed? Looking forward to your reponses!
Yes, line up somebody to sign your labels, and then make a sweetheart deal with PCGS to give you a special rate on the slabbing by agreeing to have a few tens of thousands of pieces slabbed. through enough money their way and you can get your own special label.
I can sense the sarcasm which is fine, but what do you mean by line up somebody to sign your labels? I'm lost...
I believe Conder is referring to some of the PCGS pieces that have autographed; perhaps the designer of the piece. Then make a deal with PCGS, and they will put "BMAC Collection" on the label, or something similar. Yes, it was sarcastic. There are several different labels. I'm not familiar with them all, but in truth, they mean little to the value of the coin. The real question is, are you sure you want to spend $25-$35 to certify a common dollar? The question I would
Well there have been the slabs with the labels signed by Gerald Ford, the ones with the designers of the Bicentennial coins, the designers of the quarters, the designers of the Sac dollar, the Lance Armstrong signed slabs, the Jessica Linch signed slabs,and then there are the ones that aren't signed but which have "special" background designs. All it takes is enough money (How about a state quarter series of slabs signed by the Governors that approved each of them? Get the Governors to agree to it, cut a deal with the TPG and your on!) Ah, but if you agree have enough of them slabbed you can get that bulk submission rate down to about $6 a coin and then sell these special slabs to suckers for $35 each. I'm not joking this has actually gone on.
It has indeed. Back in 2000 and '01 autogtraphed slabs were all the rage. Sometimes they sold for hundreds of dollars. But like many other things that are hyped up and sold for outrageous prices initially, eventually people caught on. It soon got to the point you couldn't give them away.
so is there anything wrong with paying 10 to 12 bucks for a PCGS graded presidential proof in the "PR69 DCAM" ? Obviously if you look on PCGS the coins are "worth" 15 or 17 bucks, but if a person is just wanting to compile a collection of coins in second to the best condition is there anything wrong with this? Personally I kind of like shelling out 10 bucks for the nearly perfect graded coin than 2 or 3 bucks for the uncirculated at the local coin shop and not knowing exactly what you're getting. But like someone else said, you're still getting a $1 coin... I dont know, too many variables for me, i guess it depends on how exactly you're trying to put your collection together.
No, there is nothing wrong with it. It may not make much sense though since the majority of the coins in the Proof sets are going to grade PF69 DCAM anyway. You would find it much cheaper to just buy the entire Proof sets either direct from the mint or pick out nice ones from your local dealer.
