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You vs PCGS: Guess the Grade of 1887 Morgan
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<p>[QUOTE="Vegas Vic, post: 2054512, member: 58810"]Is is not just a simple claim but really a fact sir. You can have the opinion that you don't agree with them having their own grading scales but you can't insinuate they are not the standard. They just flat out define the U.S. market, period.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>So everyone in the us coin market buying higher end coins are stupid, but your right? </p><p><br /></p><p>Honestly kind of offensive. </p><p><br /></p><p><br /></p><p>As has been said countless times by everyone on this forum no one should be spending anything over trivial amounts of money without some idea of what they are doing or they will lose money. I personally think you are statistically very likely to lose serious money if you buy coins and don't know the market. But anyone who takes even just a minute to google the topic will find articles like the two below just on the first page. So even with just a little effort they could find out how money losing the vast bulk of the modern graded coins are. Yes there are a handful that have so far retained their value but I see them as the exception that proves the rule. Not the rule itsself. </p><p><br /></p><p><br /></p><p> <a href="http://www.coinweek.com/modern-coins/the-collapse-of-the-2001-s-sacagawea-proof/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinweek.com/modern-coins/the-collapse-of-the-2001-s-sacagawea-proof/" rel="nofollow">http://www.coinweek.com/modern-coins/the-collapse-of-the-2001-s-sacagawea-proof/</a></p><p><br /></p><p><a href="http://www.coinweek.com/featured-news/are-ms-70-coins-value-traps/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinweek.com/featured-news/are-ms-70-coins-value-traps/" rel="nofollow">http://www.coinweek.com/featured-news/are-ms-70-coins-value-traps/</a></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>I would not purchase even a single coin today were it not for tpg's. I remember being a kid and going to shows. I always wanted cool type material but could never afford the coins I wanted, the serious ones. Now I can. But I would never sink the money I have into coins without the protection tpg's offer.with raw coins it made me feel like it was always the dealer saying the coin was bad when you sold and great when you bought even when it was the exact same coin. </p><p><br /></p><p>Even if the coin is over graded you can just toss the thing on eBay and get most if not all of the money that the coin trades for at that grade. </p><p><br /></p><p>I'm always going to have less knowledge and experience then the dealer. Why would I want to play high stakes poker with wsop experts? I'm going to lose every time. </p><p><br /></p><p>I can still lose money buying quality nonmodern coins but grading simply limits my exposure significantly, to the point that I can feel comfortable buying nice coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Vegas Vic, post: 2054512, member: 58810"]Is is not just a simple claim but really a fact sir. You can have the opinion that you don't agree with them having their own grading scales but you can't insinuate they are not the standard. They just flat out define the U.S. market, period. So everyone in the us coin market buying higher end coins are stupid, but your right? Honestly kind of offensive. As has been said countless times by everyone on this forum no one should be spending anything over trivial amounts of money without some idea of what they are doing or they will lose money. I personally think you are statistically very likely to lose serious money if you buy coins and don't know the market. But anyone who takes even just a minute to google the topic will find articles like the two below just on the first page. So even with just a little effort they could find out how money losing the vast bulk of the modern graded coins are. Yes there are a handful that have so far retained their value but I see them as the exception that proves the rule. Not the rule itsself. [url]http://www.coinweek.com/modern-coins/the-collapse-of-the-2001-s-sacagawea-proof/[/url] [url]http://www.coinweek.com/featured-news/are-ms-70-coins-value-traps/[/url] I would not purchase even a single coin today were it not for tpg's. I remember being a kid and going to shows. I always wanted cool type material but could never afford the coins I wanted, the serious ones. Now I can. But I would never sink the money I have into coins without the protection tpg's offer.with raw coins it made me feel like it was always the dealer saying the coin was bad when you sold and great when you bought even when it was the exact same coin. Even if the coin is over graded you can just toss the thing on eBay and get most if not all of the money that the coin trades for at that grade. I'm always going to have less knowledge and experience then the dealer. Why would I want to play high stakes poker with wsop experts? I'm going to lose every time. I can still lose money buying quality nonmodern coins but grading simply limits my exposure significantly, to the point that I can feel comfortable buying nice coins.[/QUOTE]
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