First day ceremony, first day issue, early release, etc?

I understand what all these options are...however, does it add to the value of a coin at all? What is the point of marking it on the slab?

 

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It only means something to the seller (make more money) and the uninformed (lose more money).

These are nothing more than marketing gimmicks devised by outlets like Coin Vault. It's important for everyone to realize that it was not the grading services that came up with these hairbrained schemes, but you can't blame them for taking advantage of it to increase their revenue.

Chris

 

So sell them at a small premium, but buy them like they were any other coin?

 

If you can sleep at night!

Chris

 

Really? I don't think they can be let off the hook like that. The TPG know very well what they are doing, what kind of ripoffs they are enabling, yet bend over backwards to enable the scam all the while putting extra in their pocket. If the TPG wasn't putting it on the slab, this scam wouldn't be happening, period. I think that makes them equally culpable in my view.

It would be different if the CV of the world attached slabs to a piece of paper and got it postmarked and then claimed, "First day of issue" or "Early release". Then the TPG would be innocent, they cannot be responsible for what happens as it leaves their control.

To me its just like when TPG PROMISED!!! they would never grade modern coinage. They broke that promise, but then PROMISED!!!! they would neve grade a coin a 70. They broke that promise as well, and now they will sell this hobby down the river for an extra $14 a coin submission fee.

Nearly every single promise the TPG industry made to this hobby has been overlooked in the name of corporate profits. Everyone who was around the hobby before TPG should remember the interviews and what they said TPG was and wasn't going to be/do.

Thats my view. I know I am opinionated on it, so please feel free to ignore at your pleasure.

Chris(2)

 

Chris,

Suppose you owned a small barber shop where you only cut men's hair, and your overhead provided only a small net profit. Every day, 10-15 women came to your shop asking for a haircut, but you kept turning them away. What would you do?

Promises, promises! I guess you don't vote in the elections either.

Chris (too!)

 

Yes sir, fair point, I know businesses need to make a profit. I simply like to remind everyone this was not the premise under which TPG started and got support in this hobby. Breaking their promises regarding 70's and modern coins is one thing, but to cater to coin promoters who everyone can see will be doing long term damage to the hobby by their antics is doing direct damage to the very hobby they claim to "serve".

Chris

 

You know darn good and well that if NGC & PCGS refused to use these labels, that TPG's like NTC, ACG, NNC etc. would be using them, and let's face it, there are thousands and thousands of uninformed collectors out there. So, who would you rather see using them? Companies that overgrade and/or slab problem coins or the more reputable ones?

Chris

 

Well NGC and PCGS refuse to grade an AU cleaned coin MS 65 as well, and their business model has been built on trust they have garnered by that fact. I would think that if a telemarketer wished to use some of the ones listed they would prefer it, since they could probably be guaranteed all 70's in a submission. Why don't they then? Because of the "legitimacy" PCGS and NGC gives the coin grade.

As to which grading firms I prefer uneducated people to use, of course NGC or PCGS because of their reputation for grading more fairly than many others. I simply do not see how that pertains to these two firms facilitating telemarketing firms ability to rip off uneducated buyers. In fact it dims their reputation in my eyes. If they are willing to do this for $14 per coin, what other things are they willling to do to increase revenue? Are they willing to cut a couple corners for a large submitter, maybe bump up his MS70's percentages? You are the one who said companies need to make a buck, is telemarket friendly labeling the end of it?

I do not wish to be overly argumentative, and I respect your opinion Chris, so if I should drop it just let me know.

As always just my opinion.

Chris

 

Wow lol.

I didn't mean to start a war here

 

Not a war, I don't think I could ever disagree with Chris enough for that. We usually agree on most things, I am simply recalcitrant on this issue.

Chris (2)

 

It's more for marketing than anything else.