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 Replies: 19 / Views: 2,769 |
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Valued Member
United States
382 Posts |
Hey guys and gals, Nice to be back on the forums, although I do check them out from time to time all year. I am actively collecting again, seasonal collector ya know? I have a few questions.
I go on the PCGS an NGC forums and would really like to know why all the slab guys are constantly cracking out coins and resubmitting them? I know to get higher grade but...... It seems like a waste of money to me. even sending coins worth a few bucks to get certified, I don't get it. Nothing against slabs, as I have my share, but I leave them as is an just collect.
Also is there anywhere in the US that nice wooden coin cabinets can be had? I have been looking for a few years now to no avail?
Thanks Tony Perrotta
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Rest in Peace
United States
2684 Posts |
Tony, I think it's mostly the higher grades of key coins which are being cracked out and resubmitted although a lot depends on the value of any particular coin. Mostly, it's a gamble or investment on the part of the submitters, especially if the next grade up is worth hundreds or thousands more. I'm sure the law of diminishing returns kicks in on coins of lesser value: how many times can the same coin be submitted at 15, 30, or 50 bucks per submission before the cost has become more than any existing or potential value? I'm aware that certain coins may have been submitted a few dozen times in the hopes it'll catch PCGS on a good hair day so that it'll be slabbed up one more grade, but I'm not willing to play that game. Whatever they sent me is the way it's gonna stay as long as I have the coin although I may grumble a little.
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Rest in Peace
United States
954 Posts |
Since I buy the coin and not the plastic itseems a little strange to me. It sure makes the population reports worthless.
catman
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Pillar Of The Community
3147 Posts |
Catman you have summed the whole process up with just one word----WORTHLESS!!!
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Moderator
 United States
23525 Posts |
quote:
Originally posted by tonphil1960
Also is there anywhere in the US that nice wooden coin cabinets can be had? I have been looking for a few years now to no avail?
Thanks Tony Perrotta
Let's not overlook this important part of Tonys message- I believe many others woud be interested in the answer to this rggoodie
aka Richard
"catch em doing something right"
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Forum Mom
United States
5877 Posts |
As far as the resubmission question, Catman and I are definitely on the same page. A coin's grade is what the grade is, regardless of what it says on the slab (and there have been plenty I didn't agree with). I think that resubmission on the part of sellers is unfair to the collector. When you take PCGS "presidential review" and add that to the equation, the grades assigned become even more meaningless.
I think Aethling has his coins stored in nice wooden cabinets. He will probably have suggestions regarding that.
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Valued Member
United States
363 Posts |
I noticed there are a few coin cabinets on ebay right now, but for some reason, they all seem to be in the U.K. which could mean expensive shipping for us here in the U.S. A couple look pretty nice. Just type in coin cabinet in the search box. I've been thinking about a nice wooden cabinet for myself too lately. I suppose one could get a master woodworker to custom make such a cabinet. |
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Valued Member
 United States
382 Posts |
Hi, Thanks for your answers. I agree, the whole slab thing is a turn off for me. The only slabbed coins I buy are ones that I want to be fairly certain of the grade. There are too many dealers who undergrade coins. Yes there is a guy in the UK makes nice cabinets, he doesn't ship to the US anymore. Where on E bay did you see them, I'll check them out. Tony  |
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Valued Member
United States
421 Posts |
Re: The Crackout Artists: Some people have found a way to use their knowledge to make money by exploiting the inherent flaws in the TPG system. Others try to emulate those people with varying degrees of success. That is what the coin market (as opposed to the coin hooby) is all about. Re: The Coin Cabinets: http://search.ebay.com/search/searc...-1&catref=C6 |
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Pillar of the Community
Belgium
2078 Posts |
I learned to grade myself and I virtually never agree with TPG grades I have to add that I am a certifier and verifier of ISO 9001 and ISO 14001 and EMAS systems that is third party for quality and environment and most of the times I do not agree completely with my collegues either It is absolutely impossible to calibrate an auditor/verifier/grader you can come close that is all So if you submit enough you will find an happy guy on a happy day [:p] |
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Pillar of the Community
United States
7123 Posts |
Depending on the size cabinet that you are looking for, perhaps a different key word search may produce what your looking for. Try Grandfathers chest . Image:  DSCF1464~1.jpg38.08 KB Rick |
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Pillar Of The Community
3147 Posts |
You want to be REAL careful when choosing a wooden cabinet to store coins in!!! Some woods hold a lot of moisture content not to mention other items that may affect your coins. I have read horror stories in the past but can't remember for the sake of me which woods to avoid. Just a heads up!
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Pillar of the Community
Belgium
2078 Posts |
Also if they are lined with nice red velvet
that velvet contains chemicals you need to be
aware off
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Valued Member
United States
382 Posts |
Thanks everyone, Yes I do know about the chemicals and the wood problem. I would worry more about the cloth and glue than the wood. I collect circ. coins on the most part so I would hope it wouldn't be a problem. Metalman, Very cool cabinet!!!!!
Tony
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Pillar of the Community
Belgium
2078 Posts |
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Pillar of the Community
Australia
3831 Posts |
Whatever it is... always be prepared to get coin capsules and silica gels. Those never hurt :)
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Replies: 19 / Views: 2,769 |
Posted 11/10/2005 6:19 pm
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