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Graded coins - when will the market crash?
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<p>[QUOTE="GDJMSP, post: 269685, member: 112"]Yes, we do still have a lot of it out there. But only a fraction of what we had before - at least from the dealers. In today's world, thanks to ebay and the like, we now have individuals taking advantage of other individuals.</p><p><br /></p><p><br /></p><p><br /></p><p>Then you should remember that ANACS never slabbed a single coin until 3 years <u>after</u> PCGS started slabbing them. Yes, there was an authentication and grading service called ANACS, but all they issued were paper certificates and very, very few people used them for obvious reasons.</p><p><br /></p><p><br /></p><p><br /></p><p>I never claimed they did. I merely stated that they have done a lot of good.</p><p><br /></p><p><br /></p><p><br /></p><p>No, I wouldn't say that is the norm at all, far from it in fact. Roughly only 1 out of a thousand gets the 70 grade, 69 is more common. But there are plenty of 68's as well.</p><p><br /></p><p>As for the dealers, yeah there are still dealers out there who would do what you suggest. Just like there are still dealers out there who will do their utmost to sell problem coins to inexperienced collectors. But when it comes to prices, you have to blame the collectors for that. For most dealers wouldn't give you more than Bid for a modern commem slabbed as a 70 or not slabbed. They know they can't sell them for more than that. Only a small handful of collectors will pay those outrageous prices.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 269685, member: 112"]Yes, we do still have a lot of it out there. But only a fraction of what we had before - at least from the dealers. In today's world, thanks to ebay and the like, we now have individuals taking advantage of other individuals. Then you should remember that ANACS never slabbed a single coin until 3 years [U]after[/U] PCGS started slabbing them. Yes, there was an authentication and grading service called ANACS, but all they issued were paper certificates and very, very few people used them for obvious reasons. I never claimed they did. I merely stated that they have done a lot of good. No, I wouldn't say that is the norm at all, far from it in fact. Roughly only 1 out of a thousand gets the 70 grade, 69 is more common. But there are plenty of 68's as well. As for the dealers, yeah there are still dealers out there who would do what you suggest. Just like there are still dealers out there who will do their utmost to sell problem coins to inexperienced collectors. But when it comes to prices, you have to blame the collectors for that. For most dealers wouldn't give you more than Bid for a modern commem slabbed as a 70 or not slabbed. They know they can't sell them for more than that. Only a small handful of collectors will pay those outrageous prices.[/QUOTE]
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Graded coins - when will the market crash?
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