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<p>[QUOTE="TypeCoin971793, post: 3175049, member: 78244"]So a VG 1907 IHC is the same thing as a top-pop modern (or top-pop classic for that matter)? I don’t think so. </p><p><br /></p><p>For starters, it is well-recognized that there are millions of VG late-date IHCs out there, so we do not need the TPG population reports to validate that fact. For top pops, the only ones known (and recognized) on the market are the ones graded by PCGS and NGC. Usually, they are valuable because this number is small, or because there are none graded higher. If this number increases, these <i>conditional</i> rarities are no longer as rare. If some are graded higher, then they are no longer the finest known. The top pops have small, finite numbers which can only increase as more are sent in. And this increase will cause a price decrease. <u><i><b>THAT</b></i></u> is why top pops and high grades (post-1900 classics, Morgans, and moderns alike) are a poor investment. I remember when the going rate for an MS-65 1880 S Morgan was $200. Now they can be had for half that because so many have been graded.</p><p><br /></p><p>Read this. The market only backs up what I say:</p><p><br /></p><p><a href="https://www.ngccoin.com/news/article/5740/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ngccoin.com/news/article/5740/" rel="nofollow">https://www.ngccoin.com/news/article/5740/</a>[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 3175049, member: 78244"]So a VG 1907 IHC is the same thing as a top-pop modern (or top-pop classic for that matter)? I don’t think so. For starters, it is well-recognized that there are millions of VG late-date IHCs out there, so we do not need the TPG population reports to validate that fact. For top pops, the only ones known (and recognized) on the market are the ones graded by PCGS and NGC. Usually, they are valuable because this number is small, or because there are none graded higher. If this number increases, these [I]conditional[/I] rarities are no longer as rare. If some are graded higher, then they are no longer the finest known. The top pops have small, finite numbers which can only increase as more are sent in. And this increase will cause a price decrease. [U][I][B]THAT[/B][/I][/U] is why top pops and high grades (post-1900 classics, Morgans, and moderns alike) are a poor investment. I remember when the going rate for an MS-65 1880 S Morgan was $200. Now they can be had for half that because so many have been graded. Read this. The market only backs up what I say: [url]https://www.ngccoin.com/news/article/5740/[/url][/QUOTE]
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An Interesting Take on MS-70 graded Moderns
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