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Graded coins - when will the market crash?
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<p>[QUOTE="Treashunt, post: 269567, member: 6763"]That is NOT a putdown on newcomers or their interest in collecting modern coins.</p><p>It IS a putdown on the crazy prices that so-called modern grade rarities cost.</p><p>Why would an MS-69 sell for (just making these up, but they are examples) say $15 and the same coin in MS-70 sell for $1,000?</p><p><br /></p><p>The only reason is the silly collector's that post to the PCGS website.</p><p><br /></p><p>If anyone here can tell the difference between an MS-69 Commemorative dollar from 2006 and the same coin in MS-70, my hat is off to you. I have looked at some of them, in fact, I have one a Leif Ericson MS-70 (PCI) and a Government issue one, same coin, and I can't tell the difference, except for the plastic holders.</p><p><br /></p><p>In fact, I have seen so called MS-69 states quarters slabbed by NGC and PCGS that I wouldn't buy, for any amount of money. The slab is worth more in plastic than the coin.</p><p><br /></p><p>So, all that I was saying is collect what you wish, but don't let the slabbing gods steer you in a direction that will make you sorry in the future.</p><p>An educated collector is the best collector, no matter what you collect.[/QUOTE]</p><p><br /></p>
[QUOTE="Treashunt, post: 269567, member: 6763"]That is NOT a putdown on newcomers or their interest in collecting modern coins. It IS a putdown on the crazy prices that so-called modern grade rarities cost. Why would an MS-69 sell for (just making these up, but they are examples) say $15 and the same coin in MS-70 sell for $1,000? The only reason is the silly collector's that post to the PCGS website. If anyone here can tell the difference between an MS-69 Commemorative dollar from 2006 and the same coin in MS-70, my hat is off to you. I have looked at some of them, in fact, I have one a Leif Ericson MS-70 (PCI) and a Government issue one, same coin, and I can't tell the difference, except for the plastic holders. In fact, I have seen so called MS-69 states quarters slabbed by NGC and PCGS that I wouldn't buy, for any amount of money. The slab is worth more in plastic than the coin. So, all that I was saying is collect what you wish, but don't let the slabbing gods steer you in a direction that will make you sorry in the future. An educated collector is the best collector, no matter what you collect.[/QUOTE]
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