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<p>[QUOTE="Beardigger, post: 3587174, member: 104605"]Very interesting thread, although admittedly, as a very new collector, a lot of it is still over my head but I have learned a lot. I wanted to make a few observations from a newbies point of view....</p><p>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.</p><p>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.</p><p><br /></p><p>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?</p><p>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.</p><p>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.</p><p>I believe through small time collectors like me the novelty of W coins will hold their value over time. But what do I know?</p><p>I know this post is long, but I had a need! <grin></p><p><br /></p><p>P.S. The only coin I would consider sending off to grade is my W quarter, and that is just for sentimental reasons.[/QUOTE]</p><p><br /></p>
[QUOTE="Beardigger, post: 3587174, member: 104605"]Very interesting thread, although admittedly, as a very new collector, a lot of it is still over my head but I have learned a lot. I wanted to make a few observations from a newbies point of view.... 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.[/QUOTE]
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An example of "grade-flation" lowering specific grade market values
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