Complete Set Of PF70 Proof ASEs....need Enlightenment

And you have not explained the circumstances under which you would re-submit the coin. Also 69 coins carry a premium compared to 68. Not as big as as 70, but still a premium. Should we avoid those and just buy the lowest grade available? Finally, if you don't crack out the coin and submit to the original TPG, they will either affirm 70 grade, or provide compensation.

The resubmission is hypothetical and is posed only to demonstrate that you are paying for an opinion and not something truly special.

You are paying extra for a number, that is all. One that is, more often than not, subjectively attributed.

The "specialness" depends on specific coin. But the opinion is typically solid. Whenever I had a chance to examine a 69 and a 70 of the same coin graded by the same company, I could tell the difference. It may be confirmation bias, but I think I can see the difference.

This.

The only way to prove anything is to collect a group of 69 and 70 graded 2013 Proof ASE dollars, cover the grades, and see how well someone can sort them correctly into two piles.

My guess (and it is only a guess) is that each pile will have near equal numbers of 69 and 70 coins in it.

Get ten slabbed PF-69 2013 ASEs and ten slabbed PF-70 2013 ASEs.

Cover the labels. Mix them up. Have a person sort them into two piles, one for the 69s, one for the 70s.

Make it more interesting by not telling them how many of each their are.

Make it even more interesting by getting an uneven split, like eight PF-69 and twelve PF-70.



You most definitely get it.

I think his test would work - even with TPG looking at the coins.

You fallacy is believing they are more than they are - they are just another set of eyes - yes perhaps a bit more skilled than most - but at the end of the day they are nothing more than another set of eyes.

I seem to remember a thread recently about a coin that went to the paid graders and came back as unable to validate the authenticity of the coin. It got sent to another grader and came back authentic - the diference was thosuands of dollars... and yet which grader do we believe?

Why spend more money for a coin (PF-70) that appears to be identical to cheaper one (PF-69)?

People who do this are trusting the number, and the number is what they are paying for if they cannot tell the coins apart.

People do that for all grades both graded and ungraded all the time. Thats nothing unique to 70s or even TPGs. I dont see a difference between that and someone who pays a dealer big bucks for say a raw ms 66 71 p Ike. Either way your trusting someone else to an extent where at least with a slabbed coin on the other side of a big price jump your resale investment is more protected. That doesn't mean to just blindly buy labels, but it doesn't make the labels worthless either.




It was kind of long ago at this point in all honest. I mean its been over a decade and more coins are getting slabbed now not less. New collectors and younger ones are also coming in with slabs and much friendlier attitudes towards them.

Everything we do whether real estate, antiques, art, cars ect are all based off of third party valuations. Coins are now no different. I fully understand some people dont like slabs and thats fine it makes no difference to me how someone collects. But theres a difference between saying its not for me and that theyre no better than the average joe at grading, they didnt get billions of dollars worth of coins certified in their holders by not being good at it or just randomly selecting coins for certain grades that they couldnt repeat