TPG Commemoratives Questions - Coin Community Forum

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Author	Replies: 6 / Views: 1,524
GTALLEN Valued Member United States 315 Posts	Posted 08/16/2011 11:32 pm I have been searching around and purchasing some modern commemorative coins. While searching I have noticed there seems to be a lot of slabbed moderns. Of course, the PF70s & MS 70s sell for a high(to me) premium. The PF69s & MS 69s sell for a premium also. My question is what is the objective and advantage of doing so? If I all ready know that the coin is authentic, why slab it? I can see if it were an older, low mintage, high value commemorative that you want to be sure that it is authentic. I am guessing that if you order enough and get enough PF-70s or MS 70s, that will pay for the cost and make some money. Is my line of thinking correct in the way this works? I checked out the auctions listed below and spoke with the seller and he said that he orders large lots and slabs them. He said he ordered a large lot of the September 11th commemorative and was going to do the same as did with MOH below. http://shop.ebay.com/iiijjjooo/m.ht...=p4340.l2562 Thanks in advance. Report this Post to the Staff

muddler Pillar of the Community United States 7194 Posts	Posted 08/17/2011 12:02 am I really think some are trying to profit by having a coin slabbed as a 70. Most modern commemorative should be 68 or better from the mint and I can't tell the difference from a 69 to a 70 anyway. Report this Post to the Staff
GTALLEN Valued Member United States 315 Posts	Posted 08/17/2011 02:25 am So is it basically making a bulk purchase and cherry picking the best for grading? It just seems odd. But, of course a "perfect 70" on some can double the price, therefore making it worth the effort it sounds. I purchased "The official American Numismatic Association Grading Standards for US coins". I was disappointed to find out that there are only 4 pages of commemorative coins. None of the 4 pages have any information about moderns, only classic. There also are no pictures for commemorative coins. I have been trying to learn more about the hobby and I have subscribed to a weekly publication. Once I start to get it, I will let you all know if it is worth anything. I can't remember the name of it right now. Report this Post to the Staff
numismaniac Valued Member United States 361 Posts	Posted 08/17/2011 08:51 am They are slabbed strictly for profit. Many of the premiums for these coins, in my opinion, are way too high. There are some collectors, though, who like to put together sets in 70. Report this Post to the Staff
GTALLEN Valued Member United States 315 Posts	Posted 08/18/2011 02:45 am Quote: They are slabbed strictly for profit. Many of the premiums for these coins, in my opinion, are way too high. There are some collectors, though, who like to put together sets in 70. I agree that the premiums are very high for the 70s. My personal opinion is that the "standards of grading" seems to be less for that perfect 70 now than it was perhaps 10 years or more ago. Maybe, it is just me, but a PF70 or MS70 seem to come easier now. I do not know that to be fact and I have no statics to prove it one way or the other. With all that said, I do own some MS-68, MS-69 and MS-70s that, at the time, they seemed to be a good deal.. I put a little more faith in the older "Green Label" slabs and the newer slabs with CAC(?) certification. But, I try to grade the coin for myself, because I am buying the coin for me usually and I often crack them out for books or holders. Report this Post to the Staff
muddler Pillar of the Community United States 7194 Posts	Posted 08/18/2011 08:30 am I like the green PCGS slabs too but even then there is question. I have a MS 61 St. Gaudens that to me (and others here) seems to be under graded by 2 points. But then maybe that is the new standards. Report this Post to the Staff
GTALLEN Valued Member United States 315 Posts	Posted 08/18/2011 5:22 pm Quote: I like the green PCGS slabs too but even then there is question. I have a MS 61 St. Gaudens that to me (and others here) seems to be under graded by 2 points. But then maybe that is the new standards. I am pretty sure that 2 grades on a St Gaudens(depending on years, type, etc) can be a fairly significant price difference. PCGS guarantees their grades I thought. Can you send it in and get another look? If you and others are fairly sure that it will grade MS 63, it might grade even higher. Like I said, I think the standards seem a little less strict now. Might pull a 64 or 65 if you crack it out. Edited by GTALLEN 08/18/2011 5:24 pm Report this Post to the Staff
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