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Modern Commemorative Silver $1 Proofs, things I THINK I have learned, but please set me straight...
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<p>[QUOTE="GDJMSP, post: 2853506, member: 112"]That is indeed the obvious question. And the answer is because in today's world the market for 70 coins is, I don't know how else to say it, a false market.</p><p><br /></p><p>This was not always the case however. There was a time when having a coin graded as a 70 actually meant something, when 70 coins were truly scarce. But that all evaporated when the TPGs changed their grading standards and the number of coins for any given issue being graded as a 70 jumped from a tiny handful of coins from all those submitted to 50-60- even 80% of a given issue being graded as a 70. Once that happened the writing was on the wall and the market for 70 coins devolved into what it is today.</p><p><br /></p><p>But there are still those who have not learned the lesson. And even though the prices for 70 coins are but a tiny fraction of what they used to be those who have not learned perpetuate the myth.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2853506, member: 112"]That is indeed the obvious question. And the answer is because in today's world the market for 70 coins is, I don't know how else to say it, a false market. This was not always the case however. There was a time when having a coin graded as a 70 actually meant something, when 70 coins were truly scarce. But that all evaporated when the TPGs changed their grading standards and the number of coins for any given issue being graded as a 70 jumped from a tiny handful of coins from all those submitted to 50-60- even 80% of a given issue being graded as a 70. Once that happened the writing was on the wall and the market for 70 coins devolved into what it is today. But there are still those who have not learned the lesson. And even though the prices for 70 coins are but a tiny fraction of what they used to be those who have not learned perpetuate the myth.[/QUOTE]
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Modern Commemorative Silver $1 Proofs, things I THINK I have learned, but please set me straight...
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