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<p>[QUOTE="Cloudsweeper99, post: 84961, member: 3011"]tcore - My experience was basically the same as yours. I was interested in buying slabbed but circulated [or low mint state] gold Liberty coins, but all three local dealers explained how this was a mistake and they didn't/wouldn't carry the coins or recommend their purchase. The knee-jerk reaction of the dealer is to pull out their inevitable slabbed MS64 St Gaudens and go into the rehearsed speech about how that is a superior coin to buy. So I moved on to other things I like to collect. I don't understand why this idea isn't considered something coin dealers want to market or support. An XF $20 Liberty will still generate more revenue for the dealer than a common date MS64 Morgan dollar, for example. There is a stigma against slabbed circulated coins that extends even to 100 year old gold. There are many "blind spots" in this hobby, and you stumbled on one of them that bugs me. People will rush to slab their $150 Morgan dollar, and at the same time won't even think to slab their $500 gold Liberty because it is "circulated." But knowing that the coin is authentic and the approximate grade is a great benefit to someone like me because I'm not particularly confident about my grading skills, but I love the old gold coins. And I'd rather buy two $20 circulated Liberties instead of one really nice MS St Gaudens. That is my personal preference, but the hobby doesn't make it easy to pursue. It is also disturbing to have people with more experience and knowledge about numismatics to explain how I'm making a mistake with a fairly sizeable dollar purchase, so it sort of killed my enthusiasm for the whole idea.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 84961, member: 3011"]tcore - My experience was basically the same as yours. I was interested in buying slabbed but circulated [or low mint state] gold Liberty coins, but all three local dealers explained how this was a mistake and they didn't/wouldn't carry the coins or recommend their purchase. The knee-jerk reaction of the dealer is to pull out their inevitable slabbed MS64 St Gaudens and go into the rehearsed speech about how that is a superior coin to buy. So I moved on to other things I like to collect. I don't understand why this idea isn't considered something coin dealers want to market or support. An XF $20 Liberty will still generate more revenue for the dealer than a common date MS64 Morgan dollar, for example. There is a stigma against slabbed circulated coins that extends even to 100 year old gold. There are many "blind spots" in this hobby, and you stumbled on one of them that bugs me. People will rush to slab their $150 Morgan dollar, and at the same time won't even think to slab their $500 gold Liberty because it is "circulated." But knowing that the coin is authentic and the approximate grade is a great benefit to someone like me because I'm not particularly confident about my grading skills, but I love the old gold coins. And I'd rather buy two $20 circulated Liberties instead of one really nice MS St Gaudens. That is my personal preference, but the hobby doesn't make it easy to pursue. It is also disturbing to have people with more experience and knowledge about numismatics to explain how I'm making a mistake with a fairly sizeable dollar purchase, so it sort of killed my enthusiasm for the whole idea.[/QUOTE]
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