Crazy Sellers !!

If the coin were in a PCGS holder, then I've seen it sell for $1800-$2100. I'm not sure what kind of discount the NGC holder causes, but the price isn't so outrageous if you are a "modern plastic collector." I have a hard time understanding why someone would pay 20-30 times more for a piece of plastic that says PF-70 over a piece of plastic that says PF-69. If the answer is beause there are far fewer pieces of plastic that say PF-70, I just have to laugh and walk away.

But, yes, that is a serious price, although I'd love to know what bobmoe paid for it!

According to the statisctics provided you need to buy 100 to get one that will grade PF70
And I guess you need two microscopes one to look down vertically and one to observe strike depths from aside unless you want to pay 100 times the graders fee

I have no slabbed and I do not intend to pay for a slabbed coin in this life but who knows ?

metalman, I'm agree with you, no necessary to add plastic for increase value of coin

hmm, there is only 11 graded PF70 by NGC ? either this was a very unpopular series or NGC just hasn't graded allot of them because usually NGC has in the thousands of "perfect" coins in the modern coins

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the plastic adds no value to the coin

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Metalman, agreed. But the plastic does add value to the resale. This has been proven time and time again. I am buying coins because I like to buy coins. I don't care if they're slabbed or not. Bottom line, if I ever want to sell, like give myself a retirement present when the time comes, the slabbed coins will be worth the most, like it or not. That is of course as long as the whole TPG market stays as it is. With the amount of slabs that are out there and how much they are relied upon, I doubt they'll go anywhere soon.

I don't see buying slabs as not staying true to coin collecting per say. I see slabs as the investment part of the hobby.

tights
Your avatar is it "piedra de los soles" mexican coin ? I like this coin but it misses in my collection

Tights

Fred and I have had this conversation before ,, I still think the coin would grade what the TPG's put on it without the plastic it logically has to if you believe in the TPG's to be accurate,,you know I would have more confidence in the TPG's as a whole if the coin would receive the same grade each time it was submitted ,, but everyone knows that is not the case .


Here is the reverse of the commem.

sorry I dont collect the proof versions of the Commemoratives



and just for fun the obverse also !!



Metalman

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I was advised never to buy a Key date that's not certified due to the fakes out there. Even if you trust the seller, how do you know he wasn't duped?

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You are correct for the most part regarding a lot of the sellers out there.
For myself, trusting a seller is not only based on them following through on transactions but also have knowledge of what they are selling. There are only certain sellers I would buy a key date from without seeing. This is only after long time dealings and them proving to me they know what they are talking about and how to spot frauds is part of the knowledge they need in my mind.


Regarding the value of slabbed coins vs raw, I have a small registry set on PCGS and they say its worth a lot more then I paid for it.
If you search around and are okay with going one or two points from top grade you can set up a very nice slabbed collection without having to pay the premium prices. I have even gotten a few slabs from people that just upgraded and they just want to get rid of the lower grade. I made some pretty good deals that way.