Reply to Thread

Message:: [QUOTE="midas1, post: 1797878, member: 21309"]"but its not a good investment, its a terrible investment. as soon as people start doing what you do in larger numbers the bubble will burst and your coins will be worthless. an "MS70" bullion coin means nothing because bullion coins arent circulated. your coins arent worth more than spot unless your can find a buyer and i doubt you will.]]You need to explain that "good investment" statement further. I don't know which 70 coins you bought or when you bought them but auction archives say that statement is generally false." M>If you read my messages you would see of the examples I posted that clearly show enhanced prices for my PCGS 70 graded coins.  All examples are for coins that I own. "no offense but your coins arent worth a cent over melt unless you have a buyer lined up. I highly doubt you will find a buyer willing to pay 1,500 for a coin when anyone can just buy plain coin and get it graded themselves.i mean its not like bullion coins are hard to get in good condition right? Its not like they ever get used or circulated" M>No offense taken.  Believe me there is a market and buyers for my graded coins.  Higher end graded coins are a different market from going to your LCS and buying a proof set or a generic ASE or AGE. This technique will work until it doesn't. Eventually, markets built on speculation over low quality investments collapse. Hopefully when the stabbed modern bubble bursts, it won't take the rest of the coin market down with it. ????? M>PCGS has been around for almost thirty years there is no evidence they are going out of business anytime soon. "but its not a good investment, its a terrible investment. as soon as people start doing what you do in larger numbers the bubble will burst and your coins will be worthless." M>If you think PCG graded coins are a terrible investment how do you explain the enhanced prices for my PCGS  graded coins? "You need to explain that "good investment" statement further. I don't know which 70 coins you bought or when you bought them but auction archives say that statement is generally false." M>Look at the examples I posted. 10/5/13 7:04pm ESTsome current sell prices: 2011 five coin ASE set     mint pkg$690.00                                 pcgs ER    ms70 $1,300.00 2012s ASE coin set           mint pkg$190.00                                         pcgs  ER  ms70 $499.00 2013 ASE coin set           mint pkg $189.00                                  pcgs 70 $329.00 10/5/13   7:17PM  ESTI bought five 2011 ASE sets from the mint for appx $1,500.00Sent the unopened box to NGC for grading, cost was appx $200.0oThree sets came back early release MS70 which at the time were valued $1,500.oo each.The two other sets came back ER MS69 which are worth about the same as Mint pkg.I spent appx $1,750.00 and have coins selling for appx $5,200.00. Grading works for me. Notice PCGS MS70 2009 UHR gold coins sold for several hundred dollars more then the ungraded coin:tinyurl.com/pj38l66_________________________________________________________________ If I want to spend the evening researching, handling, viewing my coins I pull out a PGCS storage box and do it.  No flips or 2x2s to fool with, no OGP to fumble with.Inventory is a snap, if I kept an inventory. Where do you guys store all of the OGP? I need some advice-  a couple of years ago I bought a really nicely carved Hobo Nickel that's about 75 years old.  Unfortunately, it's got about 74 years of crud on it.I'm considering putting it in the dishwasher for a couple of washes or putting it in a pant pocket the washing the pants.  Of course there is the old stand by of brasspolish and emery cloth.  LOL![/QUOTE]

Create my FREE Account!

Log in or Sign up

Reply to Thread

Useful Searches