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So when does scarcity overrule gradability
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<p>[QUOTE="1916D10C, post: 3312179, member: 97585"]I agree absolutely about the no grade decision. It's there, and it has to be mentioned. Come on, OP. I know ownership adds a few points, but you can't deny that severely damages the eye appeal. To answer your question, and in my humble opinion, scarcity should never overrule gradability. A coin is gradable or it is not, regardless of how many exist.</p><p><br /></p><p>Since it is an Heirloom, it should not matter what the TPG's say.</p><p><br /></p><p>On the other hand, if you were attempting to sell it, given its rarity, and the fact that one may not come up for sale for years, there is no question someone will pay strong for it. Quite frankly, in spite of the damage, one can't be too picky with such coins with only a handful known. Those lucky to have the opportunity to obtain a problem free example will pay even stronger for one, potentially many multiples times estimated value. Those opportunities come up but once in a blue moon.</p><p><br /></p><p>ETA: I may be mistaken, but NGC's estimate of 95 existing in all grades is WRONG, and has not been updated, when you count the census, it's well over 300, both NGC and PCGS, and I don't think even cracked and regraded account for that many more. Also, NGC is saying 95 extant, PCGS estimates 400 exist. Quite confusing if you ask me.</p><p><br /></p><p>Total NGC POP: 163</p><p>Total PCGS POP: 195[/QUOTE]</p><p><br /></p>
[QUOTE="1916D10C, post: 3312179, member: 97585"]I agree absolutely about the no grade decision. It's there, and it has to be mentioned. Come on, OP. I know ownership adds a few points, but you can't deny that severely damages the eye appeal. To answer your question, and in my humble opinion, scarcity should never overrule gradability. A coin is gradable or it is not, regardless of how many exist. Since it is an Heirloom, it should not matter what the TPG's say. On the other hand, if you were attempting to sell it, given its rarity, and the fact that one may not come up for sale for years, there is no question someone will pay strong for it. Quite frankly, in spite of the damage, one can't be too picky with such coins with only a handful known. Those lucky to have the opportunity to obtain a problem free example will pay even stronger for one, potentially many multiples times estimated value. Those opportunities come up but once in a blue moon. ETA: I may be mistaken, but NGC's estimate of 95 existing in all grades is WRONG, and has not been updated, when you count the census, it's well over 300, both NGC and PCGS, and I don't think even cracked and regraded account for that many more. Also, NGC is saying 95 extant, PCGS estimates 400 exist. Quite confusing if you ask me. Total NGC POP: 163 Total PCGS POP: 195[/QUOTE]
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So when does scarcity overrule gradability
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