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<p>[QUOTE="rld14, post: 483845, member: 16133"]Here's a rant I posted elsewhere, maybe it is pertinent to this conversation..</p><p><br /></p><p>==========================</p><p><br /></p><p>Why should dealers and auction companies contribute towards coins that are in slabs that they don't deserve? They certainly didn't seal them in there, the TPGs did. What has happened today is exactly what I said back in the late 80s when I left the hobby, that slabbing coins would make people lazy and those people would get burned and blame the slabbers. I said that as a 12 year old punk kid and one dealer laughed at me. Guess what, I was right.</p><p><br /></p><p>"Oh it's an MS65, ok, so it's worth $X and since bid is $Y I can sell it to a dealer for $Y +/- X% and because my calculator says this and etc..." No. I don't think that we're ever going to have that easy and simple a time of it, and I, for one, am thankful of that. Building a coin collection or dealing in coins is not that simple and easy. Slabs and TPGs are nothing more than a tool and a guide. Take 10 specific coins in a specific grade, all slabbed by the same respected TPG and tell me that they are all identical in quality and of identical worth and that you don't care which specific one you would spend your own money on.</p><p><br /></p><p>When I started collecting coins I used to look closely at ANY coin I bought! Now I go to coin shows and see people say "Gee, do you have an 1882-CC in MS65? The dealer says "Sure, here's an NGC one and here's a PCGS one, the NGC one is $450 and the PCGS one is $485" Not 10 seconds later the buyer hands $485 over and buys the PCGS one. Now you tell me, who on here who was around BEFORE your average coin bourse was slabville USA recalls people walking up to a dealer's table and just buying a coin within seconds? "Oh, look, you have the coin on my list in the grade I want, how convenient, here's my money, have a nice day!". Anybody remember seeing people like that at coin shows in 1984?</p><p><br /></p><p>If you want to buy coins and build a collection without doing any homework or having any knowledge, fine, go and buy the mint issues as they come out directly from the mint. You know that the coins will be brand new, factory sealed and genuine 100% USDA approved American Coinage. Oh, wait, you like Standing Liberty Quarters? You like Morgan Dollars? Well then you're going to have to give yourself an education and educations are never free. You're going to screw up and buy bad coins, some dealer is going to stick you with a bad coin that you didn't look at properly, it will happen. And when it does happen, you have two options. You can say to yourself "I screwed up and wasted my money, maybe I better learn what the heck I am doing before I do that again!" or you can scream "Shenanigans" and cry that life is unfair, when the truth is, you only got burned because you were uneducated.</p><p><br /></p><p>Sorry for the rant, no offense intended. <img src="http://forums.collectors.com/i/dominant/trans.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="rld14, post: 483845, member: 16133"]Here's a rant I posted elsewhere, maybe it is pertinent to this conversation.. ========================== Why should dealers and auction companies contribute towards coins that are in slabs that they don't deserve? They certainly didn't seal them in there, the TPGs did. What has happened today is exactly what I said back in the late 80s when I left the hobby, that slabbing coins would make people lazy and those people would get burned and blame the slabbers. I said that as a 12 year old punk kid and one dealer laughed at me. Guess what, I was right. "Oh it's an MS65, ok, so it's worth $X and since bid is $Y I can sell it to a dealer for $Y +/- X% and because my calculator says this and etc..." No. I don't think that we're ever going to have that easy and simple a time of it, and I, for one, am thankful of that. Building a coin collection or dealing in coins is not that simple and easy. Slabs and TPGs are nothing more than a tool and a guide. Take 10 specific coins in a specific grade, all slabbed by the same respected TPG and tell me that they are all identical in quality and of identical worth and that you don't care which specific one you would spend your own money on. When I started collecting coins I used to look closely at ANY coin I bought! Now I go to coin shows and see people say "Gee, do you have an 1882-CC in MS65? The dealer says "Sure, here's an NGC one and here's a PCGS one, the NGC one is $450 and the PCGS one is $485" Not 10 seconds later the buyer hands $485 over and buys the PCGS one. Now you tell me, who on here who was around BEFORE your average coin bourse was slabville USA recalls people walking up to a dealer's table and just buying a coin within seconds? "Oh, look, you have the coin on my list in the grade I want, how convenient, here's my money, have a nice day!". Anybody remember seeing people like that at coin shows in 1984? If you want to buy coins and build a collection without doing any homework or having any knowledge, fine, go and buy the mint issues as they come out directly from the mint. You know that the coins will be brand new, factory sealed and genuine 100% USDA approved American Coinage. Oh, wait, you like Standing Liberty Quarters? You like Morgan Dollars? Well then you're going to have to give yourself an education and educations are never free. You're going to screw up and buy bad coins, some dealer is going to stick you with a bad coin that you didn't look at properly, it will happen. And when it does happen, you have two options. You can say to yourself "I screwed up and wasted my money, maybe I better learn what the heck I am doing before I do that again!" or you can scream "Shenanigans" and cry that life is unfair, when the truth is, you only got burned because you were uneducated. Sorry for the rant, no offense intended. [IMG]http://forums.collectors.com/i/dominant/trans.gif[/IMG][/QUOTE]
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