Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
1/10 gold piece
>
Reply to Thread
Message:
<p>[QUOTE="kaparthy, post: 13295, member: 57463"]I take it from the subsequent posts that this "MS-65" grade is your own opinion, or perhaps also that of the seller, rather than of a qualified third party. I am sure that they are nice coins. Gold uncirculateds are indeed pretty! Numbers from 60 to 70 can be difficult to attach objectively.</p><p><br /></p><p><br /></p><p><br /></p><p>The only price that counts is the one you pay right now. Anything else is an opinion out of synchronicity, either from the past (history) or future (speculation). Several factors collide to make price guides as "objective" as possible (if that _is_ possible for _any_ of them). If the prices are too low or too high people who depend on the guide give the editors direct feedback to bring the prices back into line. On the other hand, those same people try to manipulate quoted prices to get their own immediate good buys/good sells. They give the editors false information to achieve that. So, editors use judgement. Being editors, they are neither buyers nor sellers. That brings it back to you at the counter. The price you paid was the right one.</p><p><br /></p><p><br /></p><p><br /></p><p>Yes, the grade "Unc" means the low end: MS-60. It also means a PROBLEM-FREE example, sight-seen. One way that collectors sidetrack their goals is by buying coins that have problems. You mentioned the one that would have been an MS-65, but for a staple scratch. Many collectors would accept that at a lower price, but the coin has a problem and cannot be sold for the arguable grade. If resold, the next buyer will downgrade it even further -- unless the next buyer is gullible.</p><p><br /></p><p> In other words, in the case of the Bust Half you mentioned down a few posts in this thread, if the coin were a Very Fine, in details, but had rimnicks, scratches, bad cleaning, etc., a dealer might get rid of it for the Good price. Many collectors think of this as a "bargain." It is not. </p><p><br /></p><p>Always buy the best you can afford, problem free, after you have inspected it -- and if you have any questions, get a second opinion. That applies to coins, Pez dispensers, whatever.[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 13295, member: 57463"]I take it from the subsequent posts that this "MS-65" grade is your own opinion, or perhaps also that of the seller, rather than of a qualified third party. I am sure that they are nice coins. Gold uncirculateds are indeed pretty! Numbers from 60 to 70 can be difficult to attach objectively. The only price that counts is the one you pay right now. Anything else is an opinion out of synchronicity, either from the past (history) or future (speculation). Several factors collide to make price guides as "objective" as possible (if that _is_ possible for _any_ of them). If the prices are too low or too high people who depend on the guide give the editors direct feedback to bring the prices back into line. On the other hand, those same people try to manipulate quoted prices to get their own immediate good buys/good sells. They give the editors false information to achieve that. So, editors use judgement. Being editors, they are neither buyers nor sellers. That brings it back to you at the counter. The price you paid was the right one. Yes, the grade "Unc" means the low end: MS-60. It also means a PROBLEM-FREE example, sight-seen. One way that collectors sidetrack their goals is by buying coins that have problems. You mentioned the one that would have been an MS-65, but for a staple scratch. Many collectors would accept that at a lower price, but the coin has a problem and cannot be sold for the arguable grade. If resold, the next buyer will downgrade it even further -- unless the next buyer is gullible. In other words, in the case of the Bust Half you mentioned down a few posts in this thread, if the coin were a Very Fine, in details, but had rimnicks, scratches, bad cleaning, etc., a dealer might get rid of it for the Good price. Many collectors think of this as a "bargain." It is not. Always buy the best you can afford, problem free, after you have inspected it -- and if you have any questions, get a second opinion. That applies to coins, Pez dispensers, whatever.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
1/10 gold piece
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...