Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Bought a 1908 No Motto $10 Gold Eagle Raw
>
Reply to Thread
Message:
<p>[QUOTE="johnmilton, post: 3408960, member: 101855"]Many collectors treat SEGS graded coins like raw coins. It’s not a matter of treating SEGS as a bad company; it’s just that they don’t have much influence in the market. I think that they can do a good job at spotting counterfeits, but their grading opinions don’t get much respect, even when they are correct. </p><p><br /></p><p>When I was a dealer I had an 1848-C $2.50 on consignment. I have forgotten the exact grade, but the coin was really nice for a Charlotte gold piece, something like MS-63. The owner wanted to net roughly $5,000 for it. At the same time a dealer had an 1848-C $2.50 in a PCGS MS-63 for which he wanted $20,000. It was a little better, but it wasn’t four times better. </p><p><br /></p><p>I sold the SEGS coin to a major dealer at a show. The PCGS coin sold too, probably for close to the $20,000 figure. What I am saying is if you have a really good coin, you might be leaving money on the table when you sell them in SEGS holders.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3408960, member: 101855"]Many collectors treat SEGS graded coins like raw coins. It’s not a matter of treating SEGS as a bad company; it’s just that they don’t have much influence in the market. I think that they can do a good job at spotting counterfeits, but their grading opinions don’t get much respect, even when they are correct. When I was a dealer I had an 1848-C $2.50 on consignment. I have forgotten the exact grade, but the coin was really nice for a Charlotte gold piece, something like MS-63. The owner wanted to net roughly $5,000 for it. At the same time a dealer had an 1848-C $2.50 in a PCGS MS-63 for which he wanted $20,000. It was a little better, but it wasn’t four times better. I sold the SEGS coin to a major dealer at a show. The PCGS coin sold too, probably for close to the $20,000 figure. What I am saying is if you have a really good coin, you might be leaving money on the table when you sell them in SEGS holders.[/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
>
Bought a 1908 No Motto $10 Gold Eagle Raw
>
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...