Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Proof vs Proof Like
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 2725036, member: 112"]You have a valid point given the coins in question. A point, that in my opinion anyway, should be accounted for when one is considering buying a coin like those in your situation, or any similar situations.</p><p><br /></p><p>What happens is people take a principle like PL vs PF and they think it applies across the board, to all coins. So they end up paying more than they really should for the PL coin because they are failing to consider the circumstances, the given situation. That being that collector coins are different than business strikes.</p><p><br /></p><p>Collector coins are struck in much smaller numbers than business strikes, and the dies used to strike many fewer coins per die before the dies are replaced. And, as a general rule, the planchets for collector coins are produced with much more care and attention than the planchets for business strikes are. End result, a much higher percentage of PL coins from the entire mintage. So an adjustment in perceived value should be made by buyers. Problem is, few stop to think and realize what I just described above.</p><p><br /></p><p>Now granted PL coins, even in collector coins, should be worthy of a premium, over that of the regular coins in the type. But not to degree that it is for coins issued for circulation. </p><p><br /></p><p>So what to do ? Well, it seems to me that a smart collector, when he wants a specific collector coin, would buy nice examples without the PL designation, thus saving himself money and still having a nice coin for his collection.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2725036, member: 112"]You have a valid point given the coins in question. A point, that in my opinion anyway, should be accounted for when one is considering buying a coin like those in your situation, or any similar situations. What happens is people take a principle like PL vs PF and they think it applies across the board, to all coins. So they end up paying more than they really should for the PL coin because they are failing to consider the circumstances, the given situation. That being that collector coins are different than business strikes. Collector coins are struck in much smaller numbers than business strikes, and the dies used to strike many fewer coins per die before the dies are replaced. And, as a general rule, the planchets for collector coins are produced with much more care and attention than the planchets for business strikes are. End result, a much higher percentage of PL coins from the entire mintage. So an adjustment in perceived value should be made by buyers. Problem is, few stop to think and realize what I just described above. Now granted PL coins, even in collector coins, should be worthy of a premium, over that of the regular coins in the type. But not to degree that it is for coins issued for circulation. So what to do ? Well, it seems to me that a smart collector, when he wants a specific collector coin, would buy nice examples without the PL designation, thus saving himself money and still having a nice coin for his collection.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Proof vs Proof Like
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...