Featured My experience with one of the Top 4 TPG's

It came from a Catholic Church RCIA course. I’ll see if I can find more in my stuff.

Here’s one site that gets into the qualitative nature and the special non-numerical uses of numbers in the Bible. It’s cool stuff:
http://www.biblestudy.org/bibleref/meaning-of-numbers-in-bible/

The link brings up a directory. Click on each page that interests you.

I feel like MS61 should have a page for coin grading. Maybe 58, too. To me, high end AU and lower MS grades should cross. We need AU61 and MS58.

 

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@baseball21 posted this as a quote from me:

It is because they knew that people who don't know anything would still trust the slab and that what we have today would be the result ! People paying money, way more money than the coin is actually worth, for problem coins simply because they are encased in a piece of plastic.

Then he replied: "baseball21, posted: "Well if we are going to talk about the hypothetical clueless collector then we should also mention that if it wasn't in plastic they would likely pay even more for it as it got passed off on them as a righteous coin."

AFAIK, I never wrote that !

 

I noticed when it was to late it was what Doug said and had picked it up from your unique quoting style

 

On the topic, I try to go by the theory that more information is always better than less. I have no objection to slabbing problem coins as long as no one is deceived that the problem coins are something else, something LESS.

 

I agree.

I wonder how many newbies are told that 'Details' means the coin has 'good details' by unscrupulous sellers.

 

That's why the "problem" is added to the label. It is actually "Technical Grading!" Grade the condition of preservation and add modifiers: Gem Uncirculated, flat strike. Gem Uncirculated, Rim File. XF-40, holed.

Often you'll see a problem coin labeled: Cleaned, Rim File or something similar. Usually only one of the problems is mentioned as once a comment is made it kills the coin. Adding all the problems only digs its grave.

 

Heck, when NGC went with their "tall" label, they could have used it to write a stinking book.

 

You could write a whole series on the 5 oz slabs

 

Man, I don't interact very much at all with these "they" out there, but I do believe they're there. People buying modern commems in them prove that.

 

Why do you think this is...do you think it's kind of a fad thing (like it's "cool" to buy slabbed coins) or do you think they are just lazy. Is a "clueless collector" a nice way of saying a "lazy collector?"

 

Just asking - have you ever seen a coin that you once might have thought had wear, but later you learned it was a weak strike?

 

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I'd rather be called lazy than clueless.

 

I don't know...I think both are pretty bad. But...one does tend to lead to another. If people are too lazy to learn something, they will be clueless.

 

Too lazy to apply my knowledge? Apathy actually.

 

I just realized...I don't have a point.

 

So? In the age of internet transactions sticking to slabbed coins minimizes risk and allows them to sell them easier if the time comes. Far more shady things happen in the raw coin market and it seems rather intelligent to me for people to minimize their risk as they learn. Learning or having an understanding their own or the purchasing venues limitations doesn't make someone clueless or a plastic buyer.

There's clueless people in everything, my point was their existence is greatly overblown on forum discussions. Often times these supposed clueless collectors is really just saying "I don't agree with how/what they collect or understand their markets so they must not be as smart as me". Modern collectors come to mind as a great example of how it's really just name calling and demeaning to other collectors trying to brow beat them into what someone else wants.

No it's not. It's buyers who buy coins already graded. Unless you're talking about the sample slab market or the generation slab collectors the overwhelming majority are collectors buying graded coins that they like. No one is going "I hate this coin but it says its xyz so I'll take it"

That's happened to everyone if they bothered to further their learning.

 

AND...Let's not forget to include the 75% of the clueless coin dealers who are part of the 90% clueless collector group. Most of them could not survive w/o slabs. Today, my blind, old Aunt Ruby can sell TPGS slabs and claim to be a coin dealer.