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 Replies: 17 / Views: 3,958 |
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New Member
United States
47 Posts |
Its really bothers me that ngc and pcgs insist on coming out with all these different labels. One thing you like , by the nature of coin collecting itself, is uniformity and eye pleasing organization . It is hard to achieve this with some 5 new labels out now for NGC alone. I draw the parallel to the sports cards in that the 90`s saw an age of so many different series and editions that they were all just crap in the end. Not to say that happens with coins , but the labeling... yes! I want all my NGC Eagles to be original brown labels with no "early release" or 25th anniversary this or that . Now there are flags and west point mints etc. What is so great is that all this is going to bite the graders right in the butt , right off the bat . They have already put "25th anniversary edition " on all the eagles this year. Thats fine and dandy , till the mint puts out the 25th anniversary set , then what will the label be like ? How about the (S) mint mark denotation on slabs, put there because the monster box came from the San Fran mint as evidenced by the receipt. What happens when the mint comes out with the Eagle with the real S mark. Seems like a mess. And are these labels really trying to make one more valuable than another ? A ms 70 is a ms 70 whether it is first day of issue or last . The coins are the same whether they are in a box with 25th anniversary on it or not. The coin is the most important thing , its grade and condition being key. Please NGC , PCGS keep it simple and stop all the messing around with the labels . Pick one and stay with it. WHAT DO YOU THINK ? Thanks , John Moved by Forum Mom from Modern US coins forum to Third Party Coin Grading ( TPG) forum |
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Moderator
 United States
14463 Posts |
I don't see the TPG companies picking just one label. New/different labels are marketing tools to sell more coins, and make higher profits. Example: Some car companies might come out with a "new car" each year. Basically, they may just be like last year's cars, but they have a new trim package and molding. It looks different and they keep selling the same basic car. Edited by Fuzzy317
09/24/2011 04:26 am
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Pillar of the Community
United States
3077 Posts |
i buy the coin not the plastic
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Pillar of the Community
United States
6326 Posts |
I only have two slabbed coins in my entire collection.....I don't collect slabs ....  One....I had to send off a 1914-D Lincoln that looked suspicious The other....an MS-69 ASE in 2009 that was the only way I could get one....(as I collect the Proofs)...and I bought it already slabbed. I just advise not to get too " TPG" crazy with everything, then it won't concern ya too much. |
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Pillar of the Community
United States
1179 Posts |
I bust them out of the slabs! But I get what you are saying. I'm the same way about uniformity. I like things to look the same across the board. If you are all about the looks of things, you'll have to bust them out of the slabs and come up with a new method as I do not see anything from NGC/PCGS changing anytime soon. They are a bit annoying, as with any TPG. I was into sports cards in the late 80's, early 90's then dropped the hobby because of all the varieties, drove me crazy. Cards have come back around however and have reduced the number of mfg's and I have actually gained interest in it again. |
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New Member
 United States
47 Posts |
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Pillar of the Community
United States
3276 Posts |
I've bought a few slabbed coins, none of which are still in their slabs. Their slabs are now in the dump. I like TPG's only as a way to feel safer about buying a coin that is genuine. If no one ever made a fake coin then I would never buy a coin slabbed again. |
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Pillar of the Community
United States
1213 Posts |
I've got quite a few slabs, but I don't worry about them matching, I'm more concerned with what's inside the slab. That's the important part.
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Valued Member
United States
315 Posts |
 It is what is in the slab that is important to me. I have some that I have not cracked out. 25th Anniversary, First Strikes, CAC sticker-ed, etc, etc. I also have some of the older green label slabs. ANACS had a picture and coin grade in a bag. I have a few of those. I heard on this forum that they graded those to a high standard. Not the easier standards of today. That is the one main complaint that I have now. It used to be hard to get a MS 69, MS 68 was a very high quality coin. Now, if it is not a MS 70 than it sells like it is raw. I know times have changed. But, that was not a reason to lower the standard, in my opinion. |
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Pillar of the Community
Canada
3692 Posts |
I'm with yotie. I don't collect slabbed coins so this uniformity is not an issue for me. The analogy isn't quite right. OP: You should compare baseball card series to the amount of series being pumped out of mints across the world. Slabs have nothing to do with the types of coins that are out there - they really don't affect a great number of collectors who do it just for fun.
I think that if the slabs bother you you're just picky about how you collect, that's all. Wouldn't now be a good time to buy baseball cards when they're worth pennies and may restart interest in the future?
Edited by Libertad
09/28/2011 8:18 pm
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Pillar of the Community
United States
4989 Posts |
A good tactic is just to COMPLETELY avoid modern issues don't collect anything unless it is an error or at least 50 years old.
All you are going to get from those fancy labeled modern coins is depreciation... they are generally worth face value except for perhaps PCGS MS-70.
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Valued Member
United States
426 Posts |
Yep, agreed. It does remind me of all the different sports cards crap in the 90's.
I'm with all you anti slab collectors.
I will buy the coin if it's appealing, conserves a good amount of detail, good price and I can personally prove that it is genuine.
I shy away from slabs and all the industry that has spawned off from that system.
Edited by RealPeso
10/01/2011 02:59 am
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New Member
United States
47 Posts |
I agree with all of you on this..
Because its all about the coin, is why it does not matter if it is first strike or last strike first day of issue or last they are all equal a 2011 w ms 69 is a 69 no matter what day it was minted.
The labels are artificially inflating coin prices and misleading the public.
I want to know where a coin is minted by a mint mark not an (s) or (w)printed on the slab.
especially when real S and W mint marks are and will soon be out there.
I only grade eagles as far as modern coins go . All my moderns are Silver OGP .
I saw Silver Eagles as something new worth collecting and slabbing was all the rage so here I am 26 years later just trying to keep my brown lables together.
I started collecting the W eagles in both NGS & PCGS ms 70 and have seen how slack the standards are becoming. I have not seen a 2011 W that is a true 70 yet they have rim problems on the top obverse , just about every one . In 2006 PCGS would not give out a 70 for almost ever now 70 gets on clearly flawed coinage.
thanks for reading my post and commenting,
Johnnybro123
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New Member
United States
47 Posts |
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Pillar of the Community
1028 Posts |
How about not collecting anything graded 70. I've always felt those coins were silly both in principle and as an investment. In principle because no coin is perfect and in practice, I've always felt they were a poor investment. This has already been said in this thread, but I think buying any modern coin slabbed is a bad idea. I wouldn't buy a slab unless it was at least a wheatie, buffalo, mercury, 30's washington, walker, or Peace dollar. |
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Pillar of the Community
Turkey
870 Posts |
Think about it, even though TPG is very useful and the coins look really near in slabs, we don't have any TPG's here in Turkey or in Europe. I've seen a company or two in the UK but they don't really affect prices oof the coins in slabs as much as in the US. |
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Replies: 17 / Views: 3,958 |
Posted 09/24/2011 09:29 am
