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Slabbed Indian Coins... Coincidence or is there something I don't know? lol
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<p>[QUOTE="Brokencompass, post: 1617788, member: 17742"]My 2 pennies...</p><p><br /></p><p>Since 2008 the prices of Indian coins have gone up considerably due to the number of collectors in India skyrocketing. With the same trickles of coins available and the number of collectors exponentially increasing the prices have gone up. Indian coins in the last two years are going through a phase called Grade Rarity Madness. Everyone wants the best specimen out there and there can be no better way to agree on the grade except through a grade rarity. A 1936 1/4 anna is a $3 Krause catalog coin. When it is a MS 66 RD, It will sell for $150. Sellers have realized that paying $25 for grading increases the probability of them making more money out of it than letting people make a judgement of the coin in the raw and compete on it.</p><p><br /></p><p>Regarding the NGC, PCGS debate, I personally like NGC over PCGS for buying because for the same grade NGC has visually better pleasing coins that PCGS. I have seen this consistently in 100's of coins/ grades. Since buyers start paying higher prices for NGC slabs than PCGS slabs, sellers have started using NGC over PCGS.[/QUOTE]</p><p><br /></p>
[QUOTE="Brokencompass, post: 1617788, member: 17742"]My 2 pennies... Since 2008 the prices of Indian coins have gone up considerably due to the number of collectors in India skyrocketing. With the same trickles of coins available and the number of collectors exponentially increasing the prices have gone up. Indian coins in the last two years are going through a phase called Grade Rarity Madness. Everyone wants the best specimen out there and there can be no better way to agree on the grade except through a grade rarity. A 1936 1/4 anna is a $3 Krause catalog coin. When it is a MS 66 RD, It will sell for $150. Sellers have realized that paying $25 for grading increases the probability of them making more money out of it than letting people make a judgement of the coin in the raw and compete on it. Regarding the NGC, PCGS debate, I personally like NGC over PCGS for buying because for the same grade NGC has visually better pleasing coins that PCGS. I have seen this consistently in 100's of coins/ grades. Since buyers start paying higher prices for NGC slabs than PCGS slabs, sellers have started using NGC over PCGS.[/QUOTE]
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Slabbed Indian Coins... Coincidence or is there something I don't know? lol
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