How many collect graded coins?

I was wondering how many of you collect graded coins? Which grading company do you have the most coins from and why? I myself collect graded coins from PCGS. I collect from PCGS because I like to use there regestry set. I have probably have 5 or 6 sets on their regestry right now. I have about 2 sets complete though. I have a high grade (MS)statehood quarter set almost done. Only about 3 or 4 coins to go. It will fall in the top 7 or 8 when it's done. All the coins are MS67 or MS68.
Well let me know what you collect in plastic and why.

Dave

 

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Actually if you an afford to collect them go for it but it takes all the fun and attainment of acknowledge away to rely on someone else to grade for you. Not only do slabbed coins cost more they are just as often misgraded as not. Enjoy what you do. A2J jess

 

Well as a dealer I usually do not collect coins. My collection consists of whatever coins we have at that given time.

Having said that, we have sold absolute top quality coins to customers that compete in the registry sets, and coins to customers that have only spent 5 or 10 cents, both loved their purchase and their coins. The people that love coin collecting the most, are the ones that buy what they love. My favorite coin that is in my possession today is a VG-8 Three cent nickel that I keep as a pocket piece.

 

Everybody has an opinion on collecting graded coins, so your opinion on what makes the most enjoyable pursuit in collecting is what should always count most to you.

My own view of slabbing these new quarters is that it's an uneccessary expense since they are being struck practically by the billions and even MS-70s are going to be relatively common in such huge runs.

If I was prone to collecting, my own tastes in coins would keep me from fooling with any circulation issues struck of base metals. My taste in modern coins runs strictly to precious metal circulation issues. I buy and sell and have fun doing it without ever dealing with any professional graders.

Just like ND, I have a current favorite from my inventory, an 1853 silver 3 cent piece which would go maybe F or so. Usually, my favorite coin changes from time to time as I sell one favorite and get a new lot to sort, grade and put out in the cases. A new favorite usually comes along.

If you're having a good time collecting in your current area of specialization, then you're doing what matters in the hobby. What anyone else thinks should be secondary to your own view.

 

cmbdii
My own view of slabbing these new quarters is that it's an uneccessary expense since they are being struck practically by the billions and even MS-70s are going to be relatively common in such huge runs.

When you get in some of these PCGS MS70 state quarters in please let me know, I would love to add some to my collection. As of today PCGS has not graded 1 MS70 state quarter. I also don't think that NGC and ANACS has either. However that's not to say that some of these other crap companies haven't. But I don't follow there stuff either.

Dave

 

I assembled one of the Finest Franklin sets in PCGs holders....
Now I'm working on Winged libertys.....

I like the registrys...... It s sorta like a big virtual coin album.....
I also collect raw Winged libertys and I put them into various albums that I own......

 

i don't have any slabbed coins. i find 'em, try to grade them, and put them in a 2x2

 

I generally only purchase graded coins, especially over the net, however I do stray from that occasionally when I see a deal I can't pass up. When I buy graded coins it is only from the top 4 PCGS, ICG, NGC, and Anacs. I am not as fond of anacs though because in my experience I have had a couple questionably graded coins of theirs. PCGS seems to bring the most money in resale so I like to buy them when I run across them for a good price. But I use ICG when I want to have a coin graded because I beleive their holders to be the best over a period of time (I have read about some holders actually contaminating the coin over a period of time). Better safe than sorry. And besides that, their membership fee is only $15 a year to submit coins, rather that $100's wanted by some others. But that is just me.

 

I wasn't very clear on that I guess. I meant that with runs of half a billion coins, MS70s will be relatively common compared to the number of them occuring in earlier circulation coinage runs of a few tens of millions. As for PCGS admitting to an MS70, I have a standing joke that the MS70 grade is one the PCGS graders regard as a mythical condition which no coin struck by man will ever attain. ahaha.

Anyway, I'll never buy a slabbed circulation state quarter, probably. I may have plugged a couple ofMS70 state quarters into vending machines by now. ;-) By the way, have you noticed a sharp wire edge on the rims of some of those state quarters? I've gotten some in change with rim edges that were very sharp and rough.

 

I can attest to that. I've been collecting and studying for decades. Every now and then I will test myself and send one in to see how sharp I'm staying.

But, because the grading companies are competing for business and more improtantly overly concerned with being tagged as an "overgrader" -they are now undergrading by a point -just to remain conservative. Problem here is, most collectors/dealers send in thier coins for grading because they really are confident of thier grade. Why else would one spend the fortune to pay, insure, + postage to receive a grade point less than you imagined. And, dont most of us who send in coins expect a point or so lower than what it should grade?

No names but some have lost my business for trying to protect their image or accuracy. Wow what a mess we have out there. I'm poo-hoo on the whole grade scale thing anyway. It went from a few slides to decimals of a slide....MS60, 61, 62, 63 64 and wow 65 -talk about out of hand. Okay I'm done. (I do feel better now -thanks)

 

In a word, no.

Wrong side of the pond, third party graded coins are rare over here, but they do turn up occasionally, i avoid them.

Never seen any of the coins i seriously collect slabbed anyhow.

 

The more I see of slabbing, the more I think it's a way for clueless investors who don't care about the hobby to take out some of the risk factor while they invest in something that has historically remained solid.

That doesn't bother me but it is sort of dismaying to see so many serious hobbyists changing the way they collect due to the influence of grading trends on whole categories of coins that aren't traditionally super high end categories of collecting.

Of course, not being a collector myself, I'm seeing this in a different light from that in which serious collectors will probably see it.