Discussion in 'US Coins Forum' started by johnmilton, Jun 25, 2019.
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No one's ever claimed perfection, nothing on earth is perfect. That said the number if actual mistakes are FAR FAR FAR fewer than people claim on forums. CAC themselves will admit when they messed up and fix it.
I wasn't using it in a sense of carrying a team rather the comparison of someone of great skill such as Trout/JA vs the beer league softball player/anonymous internet posters. There's a tremendous skill gap between JA and many of his most vocal opponents.
There's also a lot of claims that are made by posters yet never show any proof or who they actually are
He's the finalizer, last I knew and had been reported he checks every coin.
This is the nonsense that hurts people.
So are you in a position to verify what @C-B-D asserts is untrue? You can say its "nonsense" all you want, but do you know no one at CAC is on any PCGS Boards or working groups? Or are you simply dismissing his post without knowing?
@C-B-D 's post is (or at least was at least recently) true.
Assumes facts not in evidence... In your mind anyone who articulates valid criticism is a "hater" or "opponent" of CAC which is not necessarily true. I know a former TPG grader who criticized CAC coins that he viewed for me in a major auction that I couldn't attend. I would hardly label him an opponent of CAC. It undermines your real thesis that those who criticize some CAC coins are utterly clueless.
Absolutely. It’s a troublesome thing to get over, but it’s worth getting over.
Funny you’re saying that.
They don’t. It would work against their profit margin to do so.
Last year, I inherited 1/3 of my fathers coin collection, none of children were coin collectors. There were some nice items in it, lots of ASE a few Gold Eagles and some slabbed coins. the divey up was one for you , one for me etc.....I sold a small portion of it to a dealer, which in hindsight was a mistake, but I needed the cash at the time. I put the rest away and once in awhile I would bring one or two I thought were most interesting out to try to research. I appreciated the slabbed coins since they were easiest to research.
Fast forward to last month, I found a W marked quarter in my pocket change. I knew a W was a special mark, since just for fun a couple nights before, I was watching a QVC coin selling program, and they were hyping the set with the W Lincoln penny. I realized there prices for the sets was ridiculous, and of course I never bought any. However just days later, I found a W quarter by chance. ( I didn't realize what I had and it took awhile of googling to figure it out.) That's when I got a little excited about it. Since then I have an increased interest in collecting, and have bought a couple UNC sets and proof sets from the mint. I know they probably won't ever be worth what I paid for them, but I do like them. especially the proofs.
Now that being said, in regards to grading, why would it be necessary to have any proof or uncirculated coins from a set NGC or otherwise graded? Isn't that already assumed by it being proof or uncirculated? It seems from what I have read, that the only country that does grading (or relies on grading) is the US, and many countries collectors rely on their eyes and knowledge to determine what a coin is worth. How did we fall into this grading frenzy? Has it become a detriment to the hobby?
Being a newbie collector, I'll probably never be into buying the expensive old coins...I do however have an attraction to W mint mark coins, proofs and UNC sets.....I will probably limit myself to those in addition to coins I may find at a flea market, or the registers at work, that I'm willing to take an affordable gamble (loss) on. This will be fun for me. (I found a 1962 Quarter at work the other day, I was pleased to find). I will continue to buy a few quarter rolls to look for more W's.
Some think that the W quarters will just be a fad coin, but I have to wonder why so many people are buying $500 quarter boxes from the banks and searching them. Is this just because they want to sell them for a huge profit while the iron is hot? or do they think they may stay hot? Either way I will continue my lowly quest with a few rolls of quarters a week, and enjoy the excitement if I find another one.
I believe through small time collectors like me the novelty of W coins will hold their value over time. But what do I know?
I know this post is long, but I had a need! <grin>
P.S. The only coin I would consider sending off to grade is my W quarter, and that is just for sentimental reasons.
Modern mass-produced coins are different from ancient coins in that (relatively) accurate grading matters. An UNC is worth more than an XF, and an improperly-cleaned XF is worth less than a problem-free XF. Back in the days before the internet, knowledge about grading could not be easily shared, so collectors relied on dealers to grade their wares accurately. Unfortunately, many dealers did not, and would, for example, try to pass a cleaned XF as an UNC. The collectors needed to be protected from their ignorance and unscrupulous dealers, so PCGS, NGC, and ANACS came into the picture to provide a service to set a grade backed by a professional opinion. Now there’s nothing wrong with that.
However, things got carried away when the expert opinions were treated as God-sent facts, and their values were absolutely determined by the holders. Collectors found they never had to learn how to grade because it was done for them, despite increased knowledge available on the internet. This caused the grading services (namely PCGS and NGC) to be blindly trusted by a collector base which did not have the skills to hold the TPGs accountable. Then we had the Registry Sets, where collectors competed is a “mine is better than yours” contest. This boosted the demand for certified coins. The slabs have caused the coins to be easily traded as a legitimized commodity, making it desirable to have the coins in slabs.
I believe this suitably scratches the surface of the slab addiction for US coins.
I’m happy you have found your niche! I always recommend trying a little bit of everything and seeing what sticks. What sticks is always what you will enjoy collecting for years.
I first tried collecting full sets of various types, but that got really boring very quickly. I liked having a variety of different designs, so I started a US type set. I pursued that collection for many years and really enjoyed it. However, I found that my type set would never be fully completed without a 6-figure budget, and there were several types (half dimes) that I really had no interest in. I eventually lost interest in the type set, especially once I got introduced to ancient/medieval coins.
I found that my niche is coins that I can use to tell stories. I sold off all of my coins which I bought primarily to fill holes. As a result, my collection is far more interesting and rewarding than it was previously.
You're just showing everything that is wrong with message boards. It's the accusers job to prove "they're in bed together" not the other way around.
Also you can see their financials as a publicly traded company.
Knowledge is power, not emotion
Yeah, pretty much. Most would probably grade PF-68 or 69. That’s just the nature of proof sets.
Those paying the premium are those who like the convenience (and grading fee savings) from an already-slabbed and graded coin.
No. It's a specific grade from the set and not every coin will be that grade and many will be lower. So it's a premium coin from the set
Let’s put that comment into context:
What board of experts would that be? Show me links, show me paychecks. Show me where JA is there? I'll wait.......
Knowledge is power
Here's a link to the homepage https://www.pcgs.com/
When people stop learning it only hurts them and the people that listen to them.
Separate names with a comma.