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So are you still buying notes graded by PCGS ?
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<p>[QUOTE="NPCoin, post: 4516992, member: 5629"]I will say first off that I have never owned a TPG entombed note, nor do I have a desire to...unless the note appeals to me. Buy the note, not the plastic. Unlike my coin collection, my note collections are all raw. Not because I eschew TPGs altogether, but because I have not found any note encased in their plastic that appeals to me any more or less than a raw note.</p><p><br /></p><p>Like you said, it all depends on why a collector collects currency. I do so for a number of reasons, but mostly for the artistic renditions of peoples, places and cultures from around the world.</p><p><br /></p><p><br /></p><p>I won't even go into the debate of note gradflation and overpaying, but I will say that with your rapport here as a collector, you should know that numismatics is not a wise investment strategy. And if you place your cookies into a jar that falls and breaks, the only thing you can do is pick them back up again and enjoy them for what they are or offer them to others for what they are willing to give back for them.</p><p><br /></p><p>You can overpay for a TPG note just as well as you can for a raw note. Now, I do not dabble into the <b>rarer</b> stuff as that is not the direction of my collecting. I would believe that the TPG's opinion of authenticity is still going to be well received even after the company has gone defunct. But, I do see your debacle in the loss of a pop report to help guide in condition rarity for both buying and selling.</p><p><br /></p><p>Unfortunately, I see your use of the particular TPG as an hedge against a loss in investment in the notes and that is the risk factor involved in such investments. That is not to say that making a decision to do such a thing is right or wrong in any way. But, you need to have a Plan B hidden in the rafters for such occasions.</p><p><br /></p><p>I would suggest that unless an established registry is the life for you, perhaps you should hold off on crossovers at the moment and see where these particular slabs lead to. The more people begin to crossover their PCGS to PMG reducing the availability of PCGS slabs on the market, the more desirable they will become to plastic collectors. As you know, there are those that buy the old defunct slabs sometimes at comparable prices. This may cushioning any loss you may have in your investment.</p><p><br /></p><p>It's a waiting game. I would personally suggest if you are going to insist all of your notes be graded, to use PMG. And, out of curiosity, other than the $150 submission credit and 10% savings, does the <i>Elite</i> membership grant you any more benefits than an ANA Submitter account wouldn't? I can see if you plan on doing more than $1500/yr in submission fees (less shipping/insurance), then the 10% (or maybe even bulk rate) may be a selling point for <i>Elite</i>. But, Joining the ANA for $28 gives you ANA Submitter benefits with NGC/NCS/PMG as well as all ANA benefits. And the PMG registry is available to <i>Free</i> members if I'm not mistaken. Just a thought.</p><p><br /></p><p>There are so many things to consider as your collecting in this area is a much more mature and complicated monster than the type of collecting I do with notes! Even so, don't jump the gun on anything and get a bunch of different views and advice, sit back calmly and consider all avenues and paths open to you, and nurture your collection to become what you envision within your heart.[/QUOTE]</p><p><br /></p>
[QUOTE="NPCoin, post: 4516992, member: 5629"]I will say first off that I have never owned a TPG entombed note, nor do I have a desire to...unless the note appeals to me. Buy the note, not the plastic. Unlike my coin collection, my note collections are all raw. Not because I eschew TPGs altogether, but because I have not found any note encased in their plastic that appeals to me any more or less than a raw note. Like you said, it all depends on why a collector collects currency. I do so for a number of reasons, but mostly for the artistic renditions of peoples, places and cultures from around the world. I won't even go into the debate of note gradflation and overpaying, but I will say that with your rapport here as a collector, you should know that numismatics is not a wise investment strategy. And if you place your cookies into a jar that falls and breaks, the only thing you can do is pick them back up again and enjoy them for what they are or offer them to others for what they are willing to give back for them. You can overpay for a TPG note just as well as you can for a raw note. Now, I do not dabble into the [B]rarer[/B] stuff as that is not the direction of my collecting. I would believe that the TPG's opinion of authenticity is still going to be well received even after the company has gone defunct. But, I do see your debacle in the loss of a pop report to help guide in condition rarity for both buying and selling. Unfortunately, I see your use of the particular TPG as an hedge against a loss in investment in the notes and that is the risk factor involved in such investments. That is not to say that making a decision to do such a thing is right or wrong in any way. But, you need to have a Plan B hidden in the rafters for such occasions. I would suggest that unless an established registry is the life for you, perhaps you should hold off on crossovers at the moment and see where these particular slabs lead to. The more people begin to crossover their PCGS to PMG reducing the availability of PCGS slabs on the market, the more desirable they will become to plastic collectors. As you know, there are those that buy the old defunct slabs sometimes at comparable prices. This may cushioning any loss you may have in your investment. It's a waiting game. I would personally suggest if you are going to insist all of your notes be graded, to use PMG. And, out of curiosity, other than the $150 submission credit and 10% savings, does the [I]Elite[/I] membership grant you any more benefits than an ANA Submitter account wouldn't? I can see if you plan on doing more than $1500/yr in submission fees (less shipping/insurance), then the 10% (or maybe even bulk rate) may be a selling point for [I]Elite[/I]. But, Joining the ANA for $28 gives you ANA Submitter benefits with NGC/NCS/PMG as well as all ANA benefits. And the PMG registry is available to [I]Free[/I] members if I'm not mistaken. Just a thought. There are so many things to consider as your collecting in this area is a much more mature and complicated monster than the type of collecting I do with notes! Even so, don't jump the gun on anything and get a bunch of different views and advice, sit back calmly and consider all avenues and paths open to you, and nurture your collection to become what you envision within your heart.[/QUOTE]
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So are you still buying notes graded by PCGS ?
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