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<p>[QUOTE="brg5658, post: 1284809, member: 29751"]Well, I'm a coin collector, not a coin seller, so I am not too concerned with what a local dealer would offer me. I don't buy coins to turn a profit, so when I buy a coin it is to remain in my collection for many years. If many years down the road I decide to sell it, it is not because I'm looking for a profit, and I will likely not remember nor really care what I paid for it to begin with. The market will handle that piece. In addition, I never pay a premium <i>because </i>of the slab. I always set a maximum price which I am willing to pay for a coin based on current sale values. For example, I purchased a very nice MS64 NGC graded 1946 50 Francs coin from Luxembourg...and I paid less than any raw example of that coin had sold for over the past 6 months. The point is that I felt far more secure purchasing a coin sight unseen that had been graded than one listed in an auction with crappy photos.</p><p><br /></p><p>I also think your assessment that dealers will not pay a premium for a TPG coin is not true. For example, Northeast Numismatics has a very nice selection of world coins. Because they are able to sell your coin easier, they make offers substantially higher if a coin is graded than if it is raw. This somewhat takes the burden of authenticity off of them and puts it back on the TPG. They for the most part take the NGC and PCGS grades at face value when making an offer on a coin. Raw coins would likely be graded more conservatively when given an offer because they are harder to move. If you have two coins you would consider of equal quality (in your eyes) I would dare you to submit them for offer to such a dealer and expect them to come back with equal purchase price offers.</p><p><br /></p><p>In closing I will say this -- I don't particularly enjoy coin shows. If I want to rub elbows with old men I'll volunteer at the local nursing home. I say this because I find many people in my generation (i.e., less than 40 years old) prefer to have choices...and these choices are abundant with internet buying. Much more abundant than the local coin shows I have to choose from with the same old dealers with the same old stock and the same old attitude. One of the things that comes along with purchasing coins sight unseen is minimizing the possibility of dissatisfaction. I have found that purchasing TPG coins is a secure way to collect and have a diverse selection of coins from which to select. I have not found the rampant supposed counterfeit problem that is so often mentioned. I think most of that is a function of paranoia more than reality.</p><p><br /></p><p>Doug, thanks for your insight. I know you are a wise man, and I always appreciate your input/opinion.</p><p><br /></p><p>-Brandon[/QUOTE]</p><p><br /></p>
[QUOTE="brg5658, post: 1284809, member: 29751"]Well, I'm a coin collector, not a coin seller, so I am not too concerned with what a local dealer would offer me. I don't buy coins to turn a profit, so when I buy a coin it is to remain in my collection for many years. If many years down the road I decide to sell it, it is not because I'm looking for a profit, and I will likely not remember nor really care what I paid for it to begin with. The market will handle that piece. In addition, I never pay a premium [I]because [/I]of the slab. I always set a maximum price which I am willing to pay for a coin based on current sale values. For example, I purchased a very nice MS64 NGC graded 1946 50 Francs coin from Luxembourg...and I paid less than any raw example of that coin had sold for over the past 6 months. The point is that I felt far more secure purchasing a coin sight unseen that had been graded than one listed in an auction with crappy photos. I also think your assessment that dealers will not pay a premium for a TPG coin is not true. For example, Northeast Numismatics has a very nice selection of world coins. Because they are able to sell your coin easier, they make offers substantially higher if a coin is graded than if it is raw. This somewhat takes the burden of authenticity off of them and puts it back on the TPG. They for the most part take the NGC and PCGS grades at face value when making an offer on a coin. Raw coins would likely be graded more conservatively when given an offer because they are harder to move. If you have two coins you would consider of equal quality (in your eyes) I would dare you to submit them for offer to such a dealer and expect them to come back with equal purchase price offers. In closing I will say this -- I don't particularly enjoy coin shows. If I want to rub elbows with old men I'll volunteer at the local nursing home. I say this because I find many people in my generation (i.e., less than 40 years old) prefer to have choices...and these choices are abundant with internet buying. Much more abundant than the local coin shows I have to choose from with the same old dealers with the same old stock and the same old attitude. One of the things that comes along with purchasing coins sight unseen is minimizing the possibility of dissatisfaction. I have found that purchasing TPG coins is a secure way to collect and have a diverse selection of coins from which to select. I have not found the rampant supposed counterfeit problem that is so often mentioned. I think most of that is a function of paranoia more than reality. Doug, thanks for your insight. I know you are a wise man, and I always appreciate your input/opinion. -Brandon[/QUOTE]
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