Message:

<p>[QUOTE=&quot;Mr. Coin Lover, post: 833751, member: 16060&quot;]I often see threads here concerning people buying newly issued coins slabbed in MS 70 and also these type of coins with special designations.&nbsp; I guess the most popular special designatins are &quot;First Day of Issue&quot; and &quot;First Strike&quot;.</p><p><br /></p><p>It appears most CT members say to people posting something to the effect of not to buy these coins, not worth the extra premium one has to pay.&nbsp; I can honestly say I&#039;ve said this a few times myself, and even when I didn&#039;t actually reply I agreed with those that did.&nbsp; I&#039;m not so sure about that any more, and I thought it would be good to start a discussion about it.</p><p><br /></p><p>Many times it is said that inexperienced collectors or grannies buy these coins. I think it goes beyond that.&nbsp; I have read many times and had dealers tell me personally it is much easier today to sell a slabbed coin than a raw one.&nbsp; I know I&#039;ll be getting away from the main subject for a little while, but bear with me on this.&nbsp; These people prefer slabbed coins because:</p><p><br /></p><p>#1-They enjoy coin collecting, but don&#039;t have the time or desire to learn how to grade coins or spot fakes. They depend on the TPG companies to do it for them feeling protected against a loss right at the time of purchase.</p><p><br /></p><p>#2-They may be purchasing a slabbed coin thinking the slab will better preserve the coin for the long term.</p><p><br /></p><p>#3-Many may consider it a more investment quality way of purchasing the coins.&nbsp; This would also include more expected profit potential down the road for resale.</p><p><br /></p><p>#4-The may just like the way coins look slabbed.&nbsp; All different sizes of coins in all the same size holders as long as they stay with the same company.</p><p><br /></p><p>#5-They are very new to coin collecting and the TV and TPG marketing is inflluencing them several different ways this is what they should do.</p><p><br /></p><p>I&#039;m going to continue this, but a really bad lighting storm is now going on and I&#039;m shutting down for awhile.&nbsp; Sorry about that, but to be continued.[/QUOTE]</p><p><br /></p>

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