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<p>[QUOTE=&quot;medoraman, post: 1618399, member: 26302&quot;]In my view, the danger is in the top pop coin, not the second tier. Look at the premiums in your example John. Right now your &quot;made up&quot; example is 100/10 for a 69. Lets make up that a 69 is worth $40, and a 70 is worth $200. Now, maybe there are 25 people who are really strong players in the registry wars for this series. Currently they pay very strong prices for the 70 because they wish to have the highest registry. I would say this strength in pricing will continue while there are still registry owners competing to own a 70. What happens if people start sending more of these in and a 26th 70 is slabbed? If there are only 25 strong registry participants, who wants to pay such a premium for the 26th 70? What about the 40th 70 slabbed, the 100th?</p><p><br /></p><p>That is the danger in my eye. With a modern 70 the strength of large premiums really is set by a certain segment of collectors, and if they ever stop or more 70&#039;s are slabbed than needed by this group, I see premiums crashing. YES, OTOH if more people join up to registry sets, this math can continue, I am not saying it cannot.</p><p><br /></p><p>I also support those who say changing grading standards are a huge risk. What if you buy a 70 today for $200 but in a few years the TPG come out with a new slab since they admit older slabs have overgraded coins, you resubmit but it comes back a 69? What just happened to your premium? Or similarly what if the game changes and the coin has to be a 70 CAC in order to be top pop? What if your 70 cannot get the bean?</p><p><br /></p><p><br /></p><p>Just my opinion on the subject. I think 69&#039;s are extremely nice coins undervalued relative to 70&#039;s, though if I bought a modern I wouldn&#039;t have it slabbed at all. Most come from the mint in nice grade nowadays, why add costs? Use the money you save from TPG to buy more coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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