Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Is This Guy Nuts?!?! 2010-D Nickel, PCGS MS-68 Full Steps for $4,000?!?!
>
Reply to Thread
Message:
<p>[QUOTE="statequarterguy, post: 990393, member: 21782"]A perfect storm, huh, is that what they told you? Well, you're correct about the basement based telemarketers selling "rare" ms65 Morgans at inflated prices. Yet, when the market was saturated (the pyramid was built or the bubble was at the bursting point), the first signs of the crash were the dealers wouldn't admit they sold them at inflated prices, they claimed the grading standards had tightened, thus your 65's were now 64's. Kinda sounds like that has everything to do with condition rarity. As I remember this hit the market so hard, it caused declines in the entire coin market.</p><p><br /></p><p>As for how it affected the TPG'ers, I'd have to research that. When did pcgs start the green label with the conservatively graded coins? It appears the TPG'ers are more concerned with short term profit than long term survival - look at how they're "bending over" these days for the latest telemarketers on cable. So, since they're controlled by the big dealers, when they need a scapegoat, oh darn, the grading standards tightened again. Maybe after surviving the 1980's they think they're invincible. Or maybe their profits are going offshore, so when the lawsuits start, they’ll go “belly up” and their guarantees will be worthless - AKA, a Camen Island retirement plan.[/QUOTE]</p><p><br /></p>
[QUOTE="statequarterguy, post: 990393, member: 21782"]A perfect storm, huh, is that what they told you? Well, you're correct about the basement based telemarketers selling "rare" ms65 Morgans at inflated prices. Yet, when the market was saturated (the pyramid was built or the bubble was at the bursting point), the first signs of the crash were the dealers wouldn't admit they sold them at inflated prices, they claimed the grading standards had tightened, thus your 65's were now 64's. Kinda sounds like that has everything to do with condition rarity. As I remember this hit the market so hard, it caused declines in the entire coin market. As for how it affected the TPG'ers, I'd have to research that. When did pcgs start the green label with the conservatively graded coins? It appears the TPG'ers are more concerned with short term profit than long term survival - look at how they're "bending over" these days for the latest telemarketers on cable. So, since they're controlled by the big dealers, when they need a scapegoat, oh darn, the grading standards tightened again. Maybe after surviving the 1980's they think they're invincible. Or maybe their profits are going offshore, so when the lawsuits start, they’ll go “belly up” and their guarantees will be worthless - AKA, a Camen Island retirement plan.[/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
>
Coin Chat
>
Is This Guy Nuts?!?! 2010-D Nickel, PCGS MS-68 Full Steps for $4,000?!?!
>
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...