Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
MS65 1955-S for $12. Good deal?
>
Reply to Thread
Message:
<p>[QUOTE="coppercoins, post: 564165, member: 152"]Yeah, something must have rubbed you wrong if you are referring to my post.</p><p><br /></p><p>A number of people feed the monster of the grading machine by sending in full rolls of coins hoping and praying they get 'grades'. They waste enormous amounts of money on this practice, which is foolish at best. They would be better off to just buy the high grade coins they are seeking rather than just sending in piles hoping for a gem to come back. Why don't they learn how to grade, look at the coins, and only send the ones in that actually have the quality to achieve a grade worthy of a sealed piece of plastic?</p><p><br /></p><p>We have thousands upon thousands of coins out there in wasted slabs that are the result of this practice, and the people who pay for them are generally newer collectors looking for a bargain. What they don't realize is that there are a LOT of coins out there of equal quality for a lot less money. The only difference is that they do not reside in holders that cost more than the coin is worth.</p><p><br /></p><p>I consider the people who toss piles of coins at the grading monster with big checks quite irresponsible for not studying and spending their money more wisely. They prefer to live in the bliss of ignorance that if they toss enough at the graders they will eventually get a 'gift' coin that will bring them profit. Most of these people toss the reject coins worth $5 or less into bins or boxes for $10 each instead of recycling the plastic and selling the coins for their realistic value. So, in effect, it's paying for their ignorance to buy the coins worth less than the slab.</p><p><br /></p><p>Not every instance is the result of this practice, but a vast majority of them are.[/QUOTE]</p><p><br /></p>
[QUOTE="coppercoins, post: 564165, member: 152"]Yeah, something must have rubbed you wrong if you are referring to my post. A number of people feed the monster of the grading machine by sending in full rolls of coins hoping and praying they get 'grades'. They waste enormous amounts of money on this practice, which is foolish at best. They would be better off to just buy the high grade coins they are seeking rather than just sending in piles hoping for a gem to come back. Why don't they learn how to grade, look at the coins, and only send the ones in that actually have the quality to achieve a grade worthy of a sealed piece of plastic? We have thousands upon thousands of coins out there in wasted slabs that are the result of this practice, and the people who pay for them are generally newer collectors looking for a bargain. What they don't realize is that there are a LOT of coins out there of equal quality for a lot less money. The only difference is that they do not reside in holders that cost more than the coin is worth. I consider the people who toss piles of coins at the grading monster with big checks quite irresponsible for not studying and spending their money more wisely. They prefer to live in the bliss of ignorance that if they toss enough at the graders they will eventually get a 'gift' coin that will bring them profit. Most of these people toss the reject coins worth $5 or less into bins or boxes for $10 each instead of recycling the plastic and selling the coins for their realistic value. So, in effect, it's paying for their ignorance to buy the coins worth less than the slab. Not every instance is the result of this practice, but a vast majority of them are.[/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
>
MS65 1955-S for $12. Good deal?
>
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...