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Graded coins - when will the market crash?
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<p>[QUOTE="asciibaron, post: 268158, member: 8566"]sayings exist for a reason, like the one that goes "buy the highest quality coin you can afford." the value of such a coin will never diminish, regardless of price.</p><p><br /></p><p>value and price are not the same. a slabbed coin has more value compared to an unslabbed coin of the same grade. it has been assigned a value that is higher because an authority has declared it's grade. the consumer has more faith in the grade and thus the coin is worth more. the price of the grade might change, but a slabbed coin from a top teir slabber will always demand a high price in the market.</p><p><br /></p><p>if you buy coins from the lesser grading companies - PCI, ICG, et al, than the value will be less since those slabbers are not seen as leaders or experts in the industry by the consumers. the top teir slabbed coins will always command a premium because they are assigned more value.</p><p><br /></p><p>there will be no crash - a slight price correction will occur once the US economy picks up and the dollar rebounds. i'm far more worried about the value of the dollar in the world economy than the price of my coin in my collection.</p><p><br /></p><p>-steve[/QUOTE]</p><p><br /></p>
[QUOTE="asciibaron, post: 268158, member: 8566"]sayings exist for a reason, like the one that goes "buy the highest quality coin you can afford." the value of such a coin will never diminish, regardless of price. value and price are not the same. a slabbed coin has more value compared to an unslabbed coin of the same grade. it has been assigned a value that is higher because an authority has declared it's grade. the consumer has more faith in the grade and thus the coin is worth more. the price of the grade might change, but a slabbed coin from a top teir slabber will always demand a high price in the market. if you buy coins from the lesser grading companies - PCI, ICG, et al, than the value will be less since those slabbers are not seen as leaders or experts in the industry by the consumers. the top teir slabbed coins will always command a premium because they are assigned more value. there will be no crash - a slight price correction will occur once the US economy picks up and the dollar rebounds. i'm far more worried about the value of the dollar in the world economy than the price of my coin in my collection. -steve[/QUOTE]
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