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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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<p>[QUOTE="Gallienus, post: 3084136, member: 42034"]Technically nothing is unique in Seated Dollars except perhaps the no motto 1866. However, I think this is a trend due to their relatively high value. For example in the half dollar series, I may have had close to 20 specimens at EF to slabbed -63. One of them was an 1842 in a 63 slab that was really nice. Possibly not clean enough for a gem but no hairlines/rubs no major marks and light peripheral toning with near brilliant centers. </p><p><br /></p><p>However on another occasion I ordered an 1853-P Half from Heritage, fixed price in a 63 slab. This is of course the var 2, arrows & rays which is highly sought by type collectors. What I got in the slab was abysmal. Of course I returned it but Heritage always had me on record as having bought that coin from them. They didn't adjust my client profile to show the return [pls don't tell them]. Anyhow while you can find overgraded slabs and cleaned coins everywhere; in seated halves I found quite a few original pieces. Same with smaller coins tho I primarily specialized in the halves. Dollars tho were a whole another level in trying to find nice ones.</p><p><br /></p><p>Anyhow I believe that the dealer practice of constantly cracking out nice coins while profitable, can hurt the field in that it leaves fewer coins for collectors to find. Another example is with the drop in gold prices at times I was looking for both ms-64 Indian $5's as well as the occasional nice double eagle. Of course the Indian 5 market was manipulated and these are expensive again. On the 20's I almost don't trust buying one unless I can see it in person.</p><p><br /></p><p><br /></p><p><br /></p><p>Of course I'm really a World & Ancients collector. Sometimes I like to talk about US coins tho...[/QUOTE]</p><p><br /></p>
[QUOTE="Gallienus, post: 3084136, member: 42034"]Technically nothing is unique in Seated Dollars except perhaps the no motto 1866. However, I think this is a trend due to their relatively high value. For example in the half dollar series, I may have had close to 20 specimens at EF to slabbed -63. One of them was an 1842 in a 63 slab that was really nice. Possibly not clean enough for a gem but no hairlines/rubs no major marks and light peripheral toning with near brilliant centers. However on another occasion I ordered an 1853-P Half from Heritage, fixed price in a 63 slab. This is of course the var 2, arrows & rays which is highly sought by type collectors. What I got in the slab was abysmal. Of course I returned it but Heritage always had me on record as having bought that coin from them. They didn't adjust my client profile to show the return [pls don't tell them]. Anyhow while you can find overgraded slabs and cleaned coins everywhere; in seated halves I found quite a few original pieces. Same with smaller coins tho I primarily specialized in the halves. Dollars tho were a whole another level in trying to find nice ones. Anyhow I believe that the dealer practice of constantly cracking out nice coins while profitable, can hurt the field in that it leaves fewer coins for collectors to find. Another example is with the drop in gold prices at times I was looking for both ms-64 Indian $5's as well as the occasional nice double eagle. Of course the Indian 5 market was manipulated and these are expensive again. On the 20's I almost don't trust buying one unless I can see it in person. Of course I'm really a World & Ancients collector. Sometimes I like to talk about US coins tho...[/QUOTE]
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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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