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Must read! Yelp reviews of PCGS
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<p>[QUOTE="Vegas Vic, post: 1966973, member: 58810"]Ok nothing will.</p><p><br /></p><p>So you are open to segs, acg, gcgs, ani, nnc, nes, wcg, unc, nga, sgs, and pgs?</p><p><br /></p><p>Personally I stay away from them. Pcgs and ngc might mislabel or be off by a point or so but what scares me most about the other slabs is they can be WAY off. Unlike the example below you would never find this coin in anything near the current grade were it in a pcgs or ngc holder. Let me show you what I mean. Imagine there was a guy selling coins and he tried to sell you this one</p><p>[ATTACH=full]348260[/ATTACH]</p><p><br /></p><p><br /></p><p>Even if priced on a website for $80 it is way too much. Regardless of price my cat can grade better then this. And of course there are the new collectors who don't know what they are doing. Imagine their horror if they purchased the next one and then went to a show to find out how much it was worth.</p><p><br /></p><p>[ATTACH=full]348259[/ATTACH]</p><p><br /></p><p><br /></p><p>[ATTACH=full]348261[/ATTACH]</p><p><br /></p><p>Please remember these examples are totally theoretical. They in no way represent actual coins or coin sellers.</p><p><br /></p><p>When people who are totally unethical are in business and selling slabs from segs, acg, gcgs, ani, nnc, nes, wcg, unc, nga, sgs, and pgs things can get downright unpleasant. And it actually hurts all of us not just the uninformed buyer. When this new or uneducated person learns exactly how much money they lost the leave coins and take their remaining cash with them. That means there is less money trying to buy coins which means prices are lower then if these buyers were treated in something resembling a fair manner. I have no problem with a dealer making a living. I just think if a new collector buys a coin and is offered less then 80% or so the sale price right after the sale from another dealer then people leave and so does their money.</p><p><br /></p><p>This is the problem the modern graded coins are causing. I don't mean something like this</p><p><br /></p><p>[ATTACH=full]348264[/ATTACH]</p><p><br /></p><p>Again in this totally theoretical example every knowledgable person knows that even if the coin were completely accurate in the grade no dealer at a show would offer you anything near the cost which is priced at pcgs levels. You would have to crack it out and send it to pcgs or ngc before anyone would even look at it.</p><p><br /></p><p>But the new problem I think we have is the modern pcgs and ngc stuff.</p><p>This article was written 2 years ago but you would think it would be very applicable to the Kennedy rush. I highly recommend that people who chase modern pcgs/ngc coins at least see what the the guy is talking about.</p><p><br /></p><p><a href="http://www.coinweek.com/modern-coins/the-collapse-of-the-2001-s-sacagawea-proof/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinweek.com/modern-coins/the-collapse-of-the-2001-s-sacagawea-proof/" rel="nofollow">http://www.coinweek.com/modern-coins/the-collapse-of-the-2001-s-sacagawea-proof/</a></p><p><br /></p><p>Just my thoughts on non pcgs/ngc coins and on modern pcgs and ngc coins. Just remember I'm not an expert coin dealer, nor even an expert collector. I'm just a guy who likes buying coins that one day I can sell and not vomit on my shoes thinking about how much money I lost. Please remember I didn't write the article I just happen to agree with it. And some guy named q[/QUOTE]</p><p><br /></p>
[QUOTE="Vegas Vic, post: 1966973, member: 58810"]Ok nothing will. So you are open to segs, acg, gcgs, ani, nnc, nes, wcg, unc, nga, sgs, and pgs? Personally I stay away from them. Pcgs and ngc might mislabel or be off by a point or so but what scares me most about the other slabs is they can be WAY off. Unlike the example below you would never find this coin in anything near the current grade were it in a pcgs or ngc holder. Let me show you what I mean. Imagine there was a guy selling coins and he tried to sell you this one [ATTACH=full]348260[/ATTACH] Even if priced on a website for $80 it is way too much. Regardless of price my cat can grade better then this. And of course there are the new collectors who don't know what they are doing. Imagine their horror if they purchased the next one and then went to a show to find out how much it was worth. [ATTACH=full]348259[/ATTACH] [ATTACH=full]348261[/ATTACH] Please remember these examples are totally theoretical. They in no way represent actual coins or coin sellers. When people who are totally unethical are in business and selling slabs from segs, acg, gcgs, ani, nnc, nes, wcg, unc, nga, sgs, and pgs things can get downright unpleasant. And it actually hurts all of us not just the uninformed buyer. When this new or uneducated person learns exactly how much money they lost the leave coins and take their remaining cash with them. That means there is less money trying to buy coins which means prices are lower then if these buyers were treated in something resembling a fair manner. I have no problem with a dealer making a living. I just think if a new collector buys a coin and is offered less then 80% or so the sale price right after the sale from another dealer then people leave and so does their money. This is the problem the modern graded coins are causing. I don't mean something like this [ATTACH=full]348264[/ATTACH] Again in this totally theoretical example every knowledgable person knows that even if the coin were completely accurate in the grade no dealer at a show would offer you anything near the cost which is priced at pcgs levels. You would have to crack it out and send it to pcgs or ngc before anyone would even look at it. But the new problem I think we have is the modern pcgs and ngc stuff. This article was written 2 years ago but you would think it would be very applicable to the Kennedy rush. I highly recommend that people who chase modern pcgs/ngc coins at least see what the the guy is talking about. [url]http://www.coinweek.com/modern-coins/the-collapse-of-the-2001-s-sacagawea-proof/[/url] Just my thoughts on non pcgs/ngc coins and on modern pcgs and ngc coins. Just remember I'm not an expert coin dealer, nor even an expert collector. I'm just a guy who likes buying coins that one day I can sell and not vomit on my shoes thinking about how much money I lost. Please remember I didn't write the article I just happen to agree with it. And some guy named q[/QUOTE]
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