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<p>[QUOTE="1916D10C, post: 3172818, member: 97585"]1) Numismedia is inaccurate imo. If you want a good price guide, use NGC or PCGS price guide. Better yet, get a copy of the CDN. (Grey Sheet) This lists the most current bid/ask prices.</p><p><br /></p><p>2) Coin collecting is not an “investment” by any means. It is a hobby to enjoy. There are far better, far more viable investments than rare coins, one being the stock market and another being real estate. Just look at the bid/ask spread of many rare coins. Dealers typically love to rip people off with the excuse “I gotta make money on it”, and will offer far below a coin’s value when you go to sell. This is just an axiom of the coin hobby. Of course, always try to get the best price, but even if you buy at a “good” price, when trying to sell, you will always get an offer far below what a coin is worth. Even in 20 years, you may only break even unless you sell at auction.</p><p><br /></p><p>3) To answer your main question, The value PCGS or NGC adds increases with the value of coin, as well as depends on the issue.</p><p><br /></p><p>4) I don’t know how long you’ve been in the game, but judging by your question, not too long. Before buying coins of any value, I STRONGLY recommend to read read and read some more about what you are focusing on collecting, and learn to grade and authenticate. Lots of so called “collectors” rely on the word of PCGS and NGC and do not actually learn how to accurately authenticate and grade. “PCGS says it’s authentic so it is”..... I see this happen in such a degree with many coins, particularly rare dates, that people think the TPG’s are infallible, and refuse to buy certain issues raw. This inflated the market of certified coins, and the old adage everyone loves to quote “buy the coin, not the slab” becomes further and further from reality. Take the issue 1916-D 10C. Everyone is scared to buy it raw because they don’t want to study the coin and learn precisely what a real one looks like....... The skill of authentication and grading is invaluable in the hobby and makes a true numismatist.[/QUOTE]</p><p><br /></p>
[QUOTE="1916D10C, post: 3172818, member: 97585"]1) Numismedia is inaccurate imo. If you want a good price guide, use NGC or PCGS price guide. Better yet, get a copy of the CDN. (Grey Sheet) This lists the most current bid/ask prices. 2) Coin collecting is not an “investment” by any means. It is a hobby to enjoy. There are far better, far more viable investments than rare coins, one being the stock market and another being real estate. Just look at the bid/ask spread of many rare coins. Dealers typically love to rip people off with the excuse “I gotta make money on it”, and will offer far below a coin’s value when you go to sell. This is just an axiom of the coin hobby. Of course, always try to get the best price, but even if you buy at a “good” price, when trying to sell, you will always get an offer far below what a coin is worth. Even in 20 years, you may only break even unless you sell at auction. 3) To answer your main question, The value PCGS or NGC adds increases with the value of coin, as well as depends on the issue. 4) I don’t know how long you’ve been in the game, but judging by your question, not too long. Before buying coins of any value, I STRONGLY recommend to read read and read some more about what you are focusing on collecting, and learn to grade and authenticate. Lots of so called “collectors” rely on the word of PCGS and NGC and do not actually learn how to accurately authenticate and grade. “PCGS says it’s authentic so it is”..... I see this happen in such a degree with many coins, particularly rare dates, that people think the TPG’s are infallible, and refuse to buy certain issues raw. This inflated the market of certified coins, and the old adage everyone loves to quote “buy the coin, not the slab” becomes further and further from reality. Take the issue 1916-D 10C. Everyone is scared to buy it raw because they don’t want to study the coin and learn precisely what a real one looks like....... The skill of authentication and grading is invaluable in the hobby and makes a true numismatist.[/QUOTE]
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