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<p>[QUOTE="griv, post: 270319, member: 8952"]I realize that there are 2 general markets that I characterize as legacy and modern. Now the legacy has endless breakout sets and series but within the modern coinage we are simply dealing with PR69/70 for proofs. MS69/70 for UNC and MS66+ for circulated coinage. That means life is so much simpler when there are only 5 grades that anyone has any interest in. That's why my hat's off to the legacy coin collectors/dealers as it takes at least 20 times more understanding of the market and grading to be successful there and I don't recommend eBay for that market.</p><p> </p><p>So within the modern coinage keep in mind I only buy PCGS graded coins with no exceptions and I've had almost all of them and it doesn't take long to figure out who is indisputably the best. Since the modern coin market is on fire and there are thousands of new coin collectors each year that enter the modern coin market, particularly with the silver, gold and platinum eagles that eBay and Teletrade are beginning to shape the current coin values, good or bad. I've seen coins up one day and then crash but I've also seen nothing coins become stars. The slab market trades more like the stock market and the one thing I do know is that it is very hard to ever get a better deal from a dealer since they actually need to make a profit whereas on eBay, it is what it is. IMHO. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="griv, post: 270319, member: 8952"]I realize that there are 2 general markets that I characterize as legacy and modern. Now the legacy has endless breakout sets and series but within the modern coinage we are simply dealing with PR69/70 for proofs. MS69/70 for UNC and MS66+ for circulated coinage. That means life is so much simpler when there are only 5 grades that anyone has any interest in. That's why my hat's off to the legacy coin collectors/dealers as it takes at least 20 times more understanding of the market and grading to be successful there and I don't recommend eBay for that market. So within the modern coinage keep in mind I only buy PCGS graded coins with no exceptions and I've had almost all of them and it doesn't take long to figure out who is indisputably the best. Since the modern coin market is on fire and there are thousands of new coin collectors each year that enter the modern coin market, particularly with the silver, gold and platinum eagles that eBay and Teletrade are beginning to shape the current coin values, good or bad. I've seen coins up one day and then crash but I've also seen nothing coins become stars. The slab market trades more like the stock market and the one thing I do know is that it is very hard to ever get a better deal from a dealer since they actually need to make a profit whereas on eBay, it is what it is. IMHO. :)[/QUOTE]
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