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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2472845, member: 71723&quot;]I&#039;m sorry but the premium labels by PCGS and NGC, but especially the PCGS because they allow their customers to &quot;cheat&quot; (see so-called PCGS ANA Chicago Kennedy gold halves flown in), are the old &quot;The Greater Fool&quot; theory of investing, but in reverse.</p><p><br /></p><p>In the original, it didn&#039;t matter how much one paid for a stock. You could always find a greater fool to pay even more for it.</p><p><br /></p><p>This is the reverse - The Greatest Possible Fool is the initial collector purchaser of the premium labeled coin. It will never be worth more again, ever. I&#039;m not talking here about the coin itself. That may go up or down, but mostly down. I&#039;m talking about the premium paid for the special label. The first extra payment for the label is also the last. The aftermarket doesn&#039;t see any value in them whatsoever, nor should they.</p><p><br /></p><p>I even find the gold PCGS labels on the Saddle Ridge Hoard coins way too garish and a bit cheap-looking. Do the provenance, fine, but why gimmick up the slab with a gold label? C&#039;mon. Really?</p><p><br /></p><p>And before someone goes all &quot;collect what you like&quot;, of course, yes, do. But don&#039;t go into it expecting a return. It won&#039;t be there. Anyone promoting it beyond that is either profiting from it or trying to.</p><p><br /></p><p>We have an obligation to &quot;tell truth to the target of the scam&quot; and no amount of highminded- sounding free market riffs will convince me otherwise. The worst scams, and the worst scammers, all hide behind free market rhetoric.[/QUOTE]</p><p><br /></p>

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