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<p>[QUOTE="treehugger, post: 1293171, member: 28451"]As TC said, I wouldn't be real hot to trot to purchase a graded Panda. I own a number of them raw and, if you do also, you will realize they are very high quality and look very, very good even in a raw state. Unlike some of the crappy, milk-spotted bullion produced by the U. S., Canadian and Mexican mints, the Chinese mint strikes high-quality coins. So, if you are not a person who has an ego that needs to be satisfied or needs to have someone else's subjective opinion of how nice a coin is, why pay over twice the price of a raw coin for a modern bullion coin? Save the grading for the types of coins for which grading truly makes a difference.</p><p><br /></p><p>Another marketing ploy to be aware of is "first strike". This is a fool's game. Even the various mints cannot tell you with certitude when a coin was actually struck relative to other coins of the same mintage. Just because a coin was sent to PCGS or NGC early on does not mean it was actually produced early on. Dies are changed as they become less sharp. Would you rather have the last strike of die #1 or the first strike of die #4? Theoretically, the former is more appropriately termed "first strike", but the latter will give you a more well-struck coin.</p><p><br /></p><p>NGC has had the integrity to drop the "first strike" designation and replace it with "early releases". PCGS continues to use the "first strike" marketing gimmick.</p><p><br /></p><p>When the dust settles, a graded coin will typically cost more than a raw coin, sometimes much more. If you decide to sell the coin sometime in the future, it will typically yield you a higher price also. If you are purchasing a coin for your own enjoyment and plan on keepting it, I think it makes more sense to buy a good-quality raw coin, such as a Panda. When a person does this, rather than, in some cases, over double-paying for a graded coin, it allows them to acquire many more coins to enjoy.[/QUOTE]</p><p><br /></p>
[QUOTE="treehugger, post: 1293171, member: 28451"]As TC said, I wouldn't be real hot to trot to purchase a graded Panda. I own a number of them raw and, if you do also, you will realize they are very high quality and look very, very good even in a raw state. Unlike some of the crappy, milk-spotted bullion produced by the U. S., Canadian and Mexican mints, the Chinese mint strikes high-quality coins. So, if you are not a person who has an ego that needs to be satisfied or needs to have someone else's subjective opinion of how nice a coin is, why pay over twice the price of a raw coin for a modern bullion coin? Save the grading for the types of coins for which grading truly makes a difference. Another marketing ploy to be aware of is "first strike". This is a fool's game. Even the various mints cannot tell you with certitude when a coin was actually struck relative to other coins of the same mintage. Just because a coin was sent to PCGS or NGC early on does not mean it was actually produced early on. Dies are changed as they become less sharp. Would you rather have the last strike of die #1 or the first strike of die #4? Theoretically, the former is more appropriately termed "first strike", but the latter will give you a more well-struck coin. NGC has had the integrity to drop the "first strike" designation and replace it with "early releases". PCGS continues to use the "first strike" marketing gimmick. When the dust settles, a graded coin will typically cost more than a raw coin, sometimes much more. If you decide to sell the coin sometime in the future, it will typically yield you a higher price also. If you are purchasing a coin for your own enjoyment and plan on keepting it, I think it makes more sense to buy a good-quality raw coin, such as a Panda. When a person does this, rather than, in some cases, over double-paying for a graded coin, it allows them to acquire many more coins to enjoy.[/QUOTE]
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