Log in or Sign up
Coin Talk
Home
Forums
>
CoinTalk
>
Frequently Asked Questions
>
To slab or not to slab.
>
Reply to Thread
Message:
<p>[QUOTE="Bonedigger, post: 164284, member: 4367"]Well maybe not every year <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> But you know the standards change often depending on the series you collect and sometimes these changes are devestating to the collector who is also in it as an investment. True, the slabbed coin sells for more but it also costs more.</p><p><br /></p><p>(These words are in stone. David Hall, PCGS)</p><p><br /></p><p><b>"The Word is Out!!!</b></p><p><b>We've had a ten year honeymoon with the coin buying public, but we've betrayed their trust, and the word is out. The word is out in the financial planning community; in the hard money circuit; and to the coin investing public. Coin dealers are rip-off artists; the rare coin market is a trap. </b></p><p><b>For ten years, we've sold coins to the coin buying public as MS-65, only to tell them that the grading standards had changed and their coins graded MS-63 when it was time for them to sell.</b></p><p><b>For ten years, we've told them that rare coin prices have gone up and up and up and up, only to tell them that the buyers bidding those higher prices were very fussy, very selective, sight-seen buyers who bought only the coins that they liked and not the coins that the public owned.</b></p><p><b>For five years, we've supplied the telemarketers who have pounded the coin-buying public with Salomon Brothers fantasies while [selling them] viciously overgraded coins.</b></p><p><b>We are currently paying the consequences of the abuses of the past ten years. And frankly, we deserve it!"</b></p><p><b><br /></b></p><p><b>David Hall, dealer and a principal in the Professional Coin Grading Service </b> What he's saying in a nutshell is Your $600 MS-65 coin is now a $250 MS-63 coin...</p><p><br /></p><p>Ben[/QUOTE]</p><p><br /></p>
[QUOTE="Bonedigger, post: 164284, member: 4367"]Well maybe not every year ;) But you know the standards change often depending on the series you collect and sometimes these changes are devestating to the collector who is also in it as an investment. True, the slabbed coin sells for more but it also costs more. (These words are in stone. David Hall, PCGS) [B]"The Word is Out!!! We've had a ten year honeymoon with the coin buying public, but we've betrayed their trust, and the word is out. The word is out in the financial planning community; in the hard money circuit; and to the coin investing public. Coin dealers are rip-off artists; the rare coin market is a trap. For ten years, we've sold coins to the coin buying public as MS-65, only to tell them that the grading standards had changed and their coins graded MS-63 when it was time for them to sell. For ten years, we've told them that rare coin prices have gone up and up and up and up, only to tell them that the buyers bidding those higher prices were very fussy, very selective, sight-seen buyers who bought only the coins that they liked and not the coins that the public owned. For five years, we've supplied the telemarketers who have pounded the coin-buying public with Salomon Brothers fantasies while [selling them] viciously overgraded coins. We are currently paying the consequences of the abuses of the past ten years. And frankly, we deserve it!" David Hall, dealer and a principal in the Professional Coin Grading Service [/B] What he's saying in a nutshell is Your $600 MS-65 coin is now a $250 MS-63 coin... Ben[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
CoinTalk
>
Frequently Asked Questions
>
To slab or not to slab.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...