PCGS made a big mistake?

I agree. My parents left me a lot of American silver halves and some foreign coins that my Dad brought back from WWII, Edited: Political statement, check pm.

 

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And if they among others do not control it, we will see how well the forum does without them.

 

What's political about my statement, moderator?

 

They could sell decals of The David
for folks to put on their slab boxes.

 

I feel its a little high, I will have to decide if its too high for me. I kind of want the HOF silver commen I just didn't get in on the ground floor waiting for the price to settle before snagging one.

 

The only value I see in ngc and pcgs labels I see is when they say genuine (I know they don't say that but a Au55 grade is saying its genuine) when buying highly counterfeited coins like trade dollars.

 

Some of us need more help then others

 

Ha my trade dollar I have in my 7070 I bought raw. Went to the coin shop 3 times, printed out a 10 page report of what to look for in genuine versus fakes and probably spent an hour and half examining it before buying it.

 

Seigniorage: the right of the lord to mint money.. In the cas e the US Mint.

 

Free market: he doesn't have to buy any commemorative coin he doesn't want to or he feels are overpriced.

 

...and if "everybody" doesn't buy it because it's too expensive or ugly or they don't like the theme, the secondary market price will almost surely rise.

... And if "everybody" had to have one right away and they buy some for themselves and some to flip, it's value will eventually crash.

Why? Because there is a normative demand leveling factor at work - eventually demand will be driven by the collector's "need" to complete their set, whatever that means at any time.

If "ugly" worked as a permanent demand killer, there'd be a lot fewer high value classic era commems today. Some of those are UUUUUUUG -LEEEEE!

And most of the very few modern commems that have appreciated nicely were issued during the 1996 "that's it - I quit" semi-boycott.

 

I know what the free market is. I studied Economics in grad. school. I learned seigniorage from my independent study of Numismatics. You see, my friend, the Italian "Signori" were the first to use this phrase during the early Renaissance especially in Florence and Siena when they coined their own fiorini and charged the banks a fee for being able to use them.

 

Very true the ones I am missing from my modern commem half set are the 1996 commens. The reason being I don't like the price of them for $40 I could get the swimming commem or a coin I like more or something for my 7070. So the 1996 commens always end up losing.

And yea there are some truly ugly classic commens that go for high prices.

 

Your highness, the Great Moderator. Banking also started in Italy hence the word "bank" from the Italian "banco" meaning bench because bankers violated the usury laws and had to sit outside. Also double entry bookkeeping (accounting) was invented by the Italian monk Luca Pacioli.