Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
How much does a PCGS grade add to a coins value?
>
Reply to Thread
Message:
<p>[QUOTE="oz_in_ohio, post: 3173324, member: 89534"]Randy, Although your coin is slabbed , you should have bought a lower grade coin for the collection , not counterfeit. But i cant tell you what to do with your money...Think about it. What dealer would want to buy a counterfeit unless they have clients that only collect counterfeits or forgeries. You have to decide whether you want to enjoy your slabbed coin or resell sometime for a good profit and buy other dates to fill up missing dates...If it is to resell, then you have to include this slabbed item in an investment collection to which you will trade for a profit in the future sometime....I can only speak for Australia as that is where i was a dealer for 34 years. I had 2 collections as i stated above... I taught my customers that coin collecting and coin investing were 2 separate things ( no matter what the big nobs say ) ...Personally my own collection is nothing under VF as the unc and proof items remain in a safe and do not get enjoyed.... We have a saying in australia and it goes like this...UNC IS JUNK!!! Goes for Banknotes, war medals, medallions and so on. Think about it carefully, the upcoming generations will not be able to afford UNC items and they will be plentiful so it will bring prices down..But lower grades will be in collections and will not be able to be found, therefore they will be scarcer.... I had 6 x 1911s and 7 x 1912s RED UNC wheat pennies that i bought in Australia and could not sell them.... In 1990 when i came to the west coast, i brought them over with me and could not sell them as dealers did not want them...They said the collector of this sort of grade are no longer and this was over 25 years ago...So i decided to use them in a trade instead of the money...I traded for 1925 australian pennies and 1923 Australian halfpennies...Then sold them quickly to the trade when i got home and it paid for the whole holiday. Another generation has been born since then and therefore the interest of the hobby declined more...This is what i have seen and i feel investing into numismatics has long gone. Average age of an investor is from 25 to 40.. But they will have families to bring up, house to pay off kids to school and so on.... Years will pass and who will want these items later on??? When i offered my coin collections to my kids, they said " what do we want with that s--t dad"..So i sold them all. That showed me what the younger generations coming up are like and made my mind up to sell majority of what i had.... With that money i paid cash for a home and have no mortgage when we migrated to Ohio from Australia...People are going to disagree with me but i know from experience that these generations coming up only want computers, mobile phones and the like.. You lot out there will argue with me but i have seen this as a dealer.. In years to come, i cannot wait until i can say the famous 4 words...I TOLD YOU SO!!! Have a nice day[/QUOTE]</p><p><br /></p>
[QUOTE="oz_in_ohio, post: 3173324, member: 89534"]Randy, Although your coin is slabbed , you should have bought a lower grade coin for the collection , not counterfeit. But i cant tell you what to do with your money...Think about it. What dealer would want to buy a counterfeit unless they have clients that only collect counterfeits or forgeries. You have to decide whether you want to enjoy your slabbed coin or resell sometime for a good profit and buy other dates to fill up missing dates...If it is to resell, then you have to include this slabbed item in an investment collection to which you will trade for a profit in the future sometime....I can only speak for Australia as that is where i was a dealer for 34 years. I had 2 collections as i stated above... I taught my customers that coin collecting and coin investing were 2 separate things ( no matter what the big nobs say ) ...Personally my own collection is nothing under VF as the unc and proof items remain in a safe and do not get enjoyed.... We have a saying in australia and it goes like this...UNC IS JUNK!!! Goes for Banknotes, war medals, medallions and so on. Think about it carefully, the upcoming generations will not be able to afford UNC items and they will be plentiful so it will bring prices down..But lower grades will be in collections and will not be able to be found, therefore they will be scarcer.... I had 6 x 1911s and 7 x 1912s RED UNC wheat pennies that i bought in Australia and could not sell them.... In 1990 when i came to the west coast, i brought them over with me and could not sell them as dealers did not want them...They said the collector of this sort of grade are no longer and this was over 25 years ago...So i decided to use them in a trade instead of the money...I traded for 1925 australian pennies and 1923 Australian halfpennies...Then sold them quickly to the trade when i got home and it paid for the whole holiday. Another generation has been born since then and therefore the interest of the hobby declined more...This is what i have seen and i feel investing into numismatics has long gone. Average age of an investor is from 25 to 40.. But they will have families to bring up, house to pay off kids to school and so on.... Years will pass and who will want these items later on??? When i offered my coin collections to my kids, they said " what do we want with that s--t dad"..So i sold them all. That showed me what the younger generations coming up are like and made my mind up to sell majority of what i had.... With that money i paid cash for a home and have no mortgage when we migrated to Ohio from Australia...People are going to disagree with me but i know from experience that these generations coming up only want computers, mobile phones and the like.. You lot out there will argue with me but i have seen this as a dealer.. In years to come, i cannot wait until i can say the famous 4 words...I TOLD YOU SO!!! Have a nice day[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
How much does a PCGS grade add to a coins value?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...