Message:

<p>[QUOTE=&quot;Vegas Vic, post: 1982939, member: 58810&quot;]First. I&#039;m not going to stop buying pcgs coins because of the Ana labels. The pcgs label says nothing about the coin being purchased at the show just graded at the show. Second of all I could care less if it did.</p><p><br /></p><p>I buy pcgs and ngc coins for three reasons. Their grading standards, their market acceptance and buy back guarantee. I only care about these three issues. Black cases, awesome labels and other issues not related to any of the above three reasons means nothing to me. I will continue to buy these tpg products until they violate one or more of my listed three reasons..</p><p><br /></p><p>Second. I&#039;m not here to tell anyone what or how to collect coins. But I&nbsp;&nbsp; am allowed to offer both my opinion and predictions. My opinion is there is a very small population of &quot;label&quot; collectors. I personally think that the majority of the market is not collectors but speculators who have no intention of being the net consumer. This means supply will far exceed demand, once the speculators sell their coins and move on to the next tickle me Elmo or beenie baby. If you track eBay sold auctions you would see this already confirm my theory. The reason I am so negative about graded moderns is simply supply and demand. While personally I have no need to have a graded modern I don&#039;t judge a person who does. But I do think the problem with modern graded coins is below.</p><p><br /></p><p>(Please give me a little leeway if I misquote a number the concept still holds)</p><p><br /></p><p>Mintage 1998s silver proof set. 240,658.</p><p>Current grey sheet value of the set $21.00</p><p>Current value of pcgs 70 dcam 25c =$28.00</p><p>Total population of pcgs graded 1998 silver 25c=3646</p><p>Pcgs silver 25c pcgs 70 403/3646=11% of all graded coins</p><p><br /></p><p>Thus total population of pcgs 70&#039;s 25c silver = 11% x 240658 = 26,600 coins out there just waiting to be graded. Now some argue coins are preselected prior to grading. Ok so factor accordingly. Personally I discount this idea but there is a <b>wide </b>margin for error here.</p><p><br /></p><p>So how much premium do you think there will be for a coin priced at when current value is over the value of the set. According to my math there is 66x the number of 70&#039;s currently available just waiting to be graded. So if you want to tell me the sets were preselected use your math and adjust the 66x current population to what ever you want but with a starting number of 66 you can see that no matter how preselected the sets you think were there are just too many coins floating out there.</p><p><br /></p><p>I chose this coin at random but the concept holds. Personally I don&#039;t think there is anything wrong with collecting modern coins. But with graded coins I personally there is a false sense of rareness. Were I to collect modern it would be ogp, as I could submit anytime I wanted to but still have the ogp value as well. Just my own personal opinion.[/QUOTE]</p><p><br /></p>

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