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<p>[QUOTE="bzcollektor, post: 62680, member: 3241"]Thats why I think this guy is bidding on his own coin, hoping to reel in at least one sucker. </p><p><br /></p><p>In any case, many of us believe that MS70 or PF70 is a fantasy grade, no matter how reputable the TPG. Even if this coin is a PF70 (NOT!) ,this artificially created market for the super high grade modern coins is due for a collapse. I am sad to say, PCGS and NGC have created this monster with their Registry Sets. People with more money than brains (and numismatic education) have bought into this hype.</p><p><br /></p><p> I am happy to see the number of people that gave their opinions here. I am also happy to see that the posters on this thread have seen that this is pure nonsense. </p><p><br /></p><p>There are always a large number of lurkers here on CoinTalk. I would guess that a large number are newbies to coin collecting. It helps the hobby overall when they read our opinions on subjects such as this. Everytime a newbie gets beat, whether it is for $5.00 or $5000, it hurts us all. And not all people that get beat are newbies.</p><p><br /></p><p>JMHO</p><p><br /></p><p>Bruce[/QUOTE]</p><p><br /></p>
[QUOTE="bzcollektor, post: 62680, member: 3241"]Thats why I think this guy is bidding on his own coin, hoping to reel in at least one sucker. In any case, many of us believe that MS70 or PF70 is a fantasy grade, no matter how reputable the TPG. Even if this coin is a PF70 (NOT!) ,this artificially created market for the super high grade modern coins is due for a collapse. I am sad to say, PCGS and NGC have created this monster with their Registry Sets. People with more money than brains (and numismatic education) have bought into this hype. I am happy to see the number of people that gave their opinions here. I am also happy to see that the posters on this thread have seen that this is pure nonsense. There are always a large number of lurkers here on CoinTalk. I would guess that a large number are newbies to coin collecting. It helps the hobby overall when they read our opinions on subjects such as this. Everytime a newbie gets beat, whether it is for $5.00 or $5000, it hurts us all. And not all people that get beat are newbies. JMHO Bruce[/QUOTE]
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