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<p>[QUOTE="johnmilton, post: 4620946, member: 101855"]I have collected U.S., British and ancient Roman coins. I also have collected tokens, medals and some paper money. My feelings on certification are different for each of those groups.</p><p><br /></p><p>For U.S. coins, I am close to 99% certified in terms of dollar value. You can’t spend the amount of money it takes to acquire some of the coins in my collection and not “go with the flow.” It is virtually impossible to buy some of these coins raw. Very often the coins that raw, are raw for a reason, and that reason is NOT to your benefit. They have problems OR they might be altered or counterfeit. Many of these coins can reach 5 and 6 figure prices.</p><p><br /></p><p>For my British and ancient Roman coins, I prefer raw, unless it’s a Proof coin. You don’t want to be handling those very much anyway.</p><p><br /></p><p>Ditto for my tokens and medals. I prefer them raw, but if you have very high grade pieces, you have to get them certified to get the money out of them.</p><p><br /></p><p>The current trend of taking a huge medal, even if it is an inexpensive piece, and putting in a certification holder drives me nuts. You end up with huge holders that take up a lot of room. The one benefit is the physical protection the holders provide. If you happen to drop one of these big metals, an edge bump can be catastrophic.</p><p><br /></p><p>So far as paper money is concerned, I have come to like certified. Once more this something that you don’t want to handle very often. Some of it is very fragile. You can see it just as well in the paper money holder, and it is protected.</p><p><br /></p><p>One comment you made about grading is not valid. Even if you are buying certified pieces, you still need to know how to grade coins and how to spot problems. The grading companies are far from perfect, and if you depend on nothing but their grades, you can lose a lot of money very quickly.</p><p><br /></p><p>Many years ago, I knew a guy with a fair amount of money, who wanted to be a coin dealer. He didn't know how grade, but he figured he could buy and sell using the grades on the holder, like you would shares of stock. He was in business for less than a year. He lost his shirt with that business.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 4620946, member: 101855"]I have collected U.S., British and ancient Roman coins. I also have collected tokens, medals and some paper money. My feelings on certification are different for each of those groups. For U.S. coins, I am close to 99% certified in terms of dollar value. You can’t spend the amount of money it takes to acquire some of the coins in my collection and not “go with the flow.” It is virtually impossible to buy some of these coins raw. Very often the coins that raw, are raw for a reason, and that reason is NOT to your benefit. They have problems OR they might be altered or counterfeit. Many of these coins can reach 5 and 6 figure prices. For my British and ancient Roman coins, I prefer raw, unless it’s a Proof coin. You don’t want to be handling those very much anyway. Ditto for my tokens and medals. I prefer them raw, but if you have very high grade pieces, you have to get them certified to get the money out of them. The current trend of taking a huge medal, even if it is an inexpensive piece, and putting in a certification holder drives me nuts. You end up with huge holders that take up a lot of room. The one benefit is the physical protection the holders provide. If you happen to drop one of these big metals, an edge bump can be catastrophic. So far as paper money is concerned, I have come to like certified. Once more this something that you don’t want to handle very often. Some of it is very fragile. You can see it just as well in the paper money holder, and it is protected. One comment you made about grading is not valid. Even if you are buying certified pieces, you still need to know how to grade coins and how to spot problems. The grading companies are far from perfect, and if you depend on nothing but their grades, you can lose a lot of money very quickly. Many years ago, I knew a guy with a fair amount of money, who wanted to be a coin dealer. He didn't know how grade, but he figured he could buy and sell using the grades on the holder, like you would shares of stock. He was in business for less than a year. He lost his shirt with that business.[/QUOTE]
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