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<p>[QUOTE="rhoggman, post: 387325, member: 13987"]Some people collect for their enjoyment, some collect to invest, some to make a profit, and others for all those reasons. </p><p><br /></p><p>I do agree that you should always be selective when buying a coin graded or not. If you are looking to sell a valuable piece you should probably slab your coin with a major TPG. This helps everyone involved.</p><p><br /></p><p>For instance I bid on a number of ebay items last night, and I know the individual selling the coins could have made thousands more if his coins were slabbed. After having many discussions with the guy it was evident he was not aware of the coins true value. All of the coins he had were raw, but probably mint state. The bidding increased significantly towards the end of the auction. IMO it was because people new the coins were PQ. </p><p><br /></p><p>I ended up winning probably one of the least valued items and it was a PROOF 1890 (semi-scarce date) IHC. I can almost garuntee the coin is PR 63+. The guy had no idea it was a proof, and I won the auction for $91.</p><p><br /></p><p>I was also bidding on a 1842 SLD, and a 1901 $10 Eagle. Whoever won those items made out like a bandit. They were also IMO, PQ MS coins. I could be wrong, but obviously someone else thought so too. Those coins could be worth thousands more than what they went for. </p><p><br /></p><p>Don't get burned.... On the other hand I could be totally off base, and the purchasers (myself included), could be getting taken to the cleaners. Either way having those coins professionally graded and slabbed would have helped that guy out.</p><p><br /></p><p><br /></p><p>Honestly I'm still breathing hard because I lost those other two auctions. I want to cry cry cry.[/QUOTE]</p><p><br /></p>
[QUOTE="rhoggman, post: 387325, member: 13987"]Some people collect for their enjoyment, some collect to invest, some to make a profit, and others for all those reasons. I do agree that you should always be selective when buying a coin graded or not. If you are looking to sell a valuable piece you should probably slab your coin with a major TPG. This helps everyone involved. For instance I bid on a number of ebay items last night, and I know the individual selling the coins could have made thousands more if his coins were slabbed. After having many discussions with the guy it was evident he was not aware of the coins true value. All of the coins he had were raw, but probably mint state. The bidding increased significantly towards the end of the auction. IMO it was because people new the coins were PQ. I ended up winning probably one of the least valued items and it was a PROOF 1890 (semi-scarce date) IHC. I can almost garuntee the coin is PR 63+. The guy had no idea it was a proof, and I won the auction for $91. I was also bidding on a 1842 SLD, and a 1901 $10 Eagle. Whoever won those items made out like a bandit. They were also IMO, PQ MS coins. I could be wrong, but obviously someone else thought so too. Those coins could be worth thousands more than what they went for. Don't get burned.... On the other hand I could be totally off base, and the purchasers (myself included), could be getting taken to the cleaners. Either way having those coins professionally graded and slabbed would have helped that guy out. Honestly I'm still breathing hard because I lost those other two auctions. I want to cry cry cry.[/QUOTE]
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