Pcgs State Quarters

Cladking,

I usually enjoy your posts as well and meant no offense. Heck, when it comes to moderns, opinions and WHY they may do well yours are the posts I look for. Funny now ain't it?

Little secret here my friend but not anymore. BEFORE the state quarters came out I bought the entire 65-98 set in unc and proof including all of the silvers. Geez! I guess those ARE real coins!

TRUCE?

 

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You forgot the good part Clembo, you bought them from Coin Depot out of one of them fancy schmancy full 2 page spreads in Coin World !!!!!

 

I think that there's a lot of money wrapped up in the slab. The future value will go down, towards the price of the proof sets they are taken from.

Yes, I would. The days of slab collecting are numbered, get out while you can. If you really like the coins, buy them raw in proof sets -- don't pay silly money for an arbitrary grade from a third party. Buy the coin, not the slab applies here.

But it is what YOU want that matters...Mike

 

p.s. ask Clad how many PR 69 or PR 70 slabs he buys.

 

This isn't my specialty.

I see nothing wrong with collecting, dealing, slabbing, or promoting such coins but they are outside my area of expertise. I do have some interest in proof sets and the like and have set a few aside over the years when they are highly gem but I haven't studied them and have never sold any slabbed or raw. Generally I believe these are undervalued in many cases just like the mint state coins so am simply holding at this time.

Some might think it's hypocritical to tell people not to invest in coins while I'm doing it myself but this is how I learned what a bad idea such investments are. Yes, I'm probably in a pretty strong profit position but it's come at costs and a tremendous amount of work. I have a large part of my life tied up in these.

I've never hidden my interest in the coins from a promotional standpoint or as a speculation.

I do still consider myself a collector first and foremost.

I rarely admit this but I'm no big fan of slabs either. They're important from a hobby standpoint but every collector should strive to not need them.

It seems highly improbable that slabs are going to go away.

I've never suggested anyone buy slabbed PR-69 or 70 coins. If people ask for collecting advice about proofs I usually suggest they look at a few proof sets and buy a nice one. When they develope the eye to spot the nuances that make a coin PR-70 then they might want to buy a slab or look at larger numbers of sets to obtain the higher grades. I've never said this at all but the 70's could have market vulnerability if large numbers of the collectors can't tell them from the lower grades. You can't build a stable market on a distinction that most people can't see. Please don't misunderstand; there is a difference and there are market participants and slabbers who can differentiate these.

There's really not much difference to the mint state coins except these come in a far wider range and many of these were not produced at all for collectors. Despite what many naysayers claim there are not substantial numbers of all moderns. Large mintages mean nothing if coins weren't saved and many moderns had very low mintages. This is a very broad area of collecting and blanket statements simply don't apply.