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 Replies: 96 / Views: 9,229 |
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Valued Member
United States
102 Posts |
Quote:
Anyway, the guy doesn't care the coin sold for 7 dollars. He shipped it out today. I thought he would be mad. The coin is valued at 40 dollars. You got a good deal, but it probably is not worth $40 today. Look at recent ebay sales. A whole lot of them sold for $10-$15. A few years ago people were paying big money for these, but not now. |
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Pillar of the Community
 United States
2311 Posts |
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or he just may not care about a small loss here and there figuring it can lead to new customers That's true, I added him as my saved seller. Quote:
A whole lot of them sold for $10-$15 Well I still did good I guess  . I bought it because I wanted a 70 coin. I will get more later. Edited by solotime
05/19/2013 6:39 pm
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Pillar of the Community
United States
1770 Posts |
i think its bogus end of story
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Pillar of the Community
United States
1795 Posts |
 with baseball21. When I started collecting commemoratives I started with MS69 or Proof69. I always went with the MS69 first cause of the fact that the mintages were usually lower than the Proofs and they were usually worth more in price values. I too thought that there wasn't much of a difference between 69 vs 70 grade but I have since changed my mind. Under high powered magnification you can see slight differences but what really changed my opinions were the price differences in values between the two grades. |
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Pillar of the Community
United States
2311 Posts |
My PR-70 nickel should come tomorrow in the mail. Can't wait to see it in hands!
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Pillar of the Community
United States
2311 Posts |
Well, the coin came in yesterday and the NGC slab is all scratched up. I can't really look at the coin that good without seeing scratch marks. I not going to return it. He did say it has some. But it's still a Proof 70 coin! My next one will be a MS-70.
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Valued Member
United States
307 Posts |
Proof 70s are so nice scratches on the slab tend to show easier..
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Pillar of the Community
United States
2311 Posts |
Huh, I read my reply for (05/24/2013 ) and I see I don't have a MS 70 coin yet. LOL, I have completely forgot to even get one.
I also started a different thing though. I want to have a slabbed coin of every coin type. For example: Slabbed ike in MS and Proof, slabbed buffalo only in MS. I won't go out of my way for slabs though.
So to get back on topic, I wanted to ask you guys this;
Do you feel a NGC "70" is the same as a PCGS "70"?
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Bedrock of the Community
13014 Posts |
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Do you feel a NGC "70" is the same as a PCGS "70"? In terms of the market a PCGS 70 almost always carries a premium over and NGC one and sometimes the difference is rather large. PCGS generally has a lower population of 70 coins and theres a few series I can think of PCGS didnt give a single 70 too that NGC did. That said that doesn't mean every NGC 70 couldnt be a PCGS 70 because a percentage of them could, but the PCGS ones do usually carry a premium. |
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Valued Member
United States
377 Posts |
Edited by wif99
07/12/2013 07:45 am
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Rest in Peace
United States
3039 Posts |
I agree with other posters that upper grades, especially 69s & 70s are a hyped joke meant to snare the uninformed and/or well heeled collector/investor. They'll always be saleable because more of these type buyers are always waiting in the wings. Heck, I remember when those upper grades were unheard of. Now with relaxed grading standards they are common. What a pox on the face of numismatics. As far as modern bullion coins slabbed 69 or 70, if with modern minting techniques they're not all like that something is wrong. Gimmie a nice VF or XF collectible coin that I can actually handle anytime. IMHO.
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Bedrock of the Community
13014 Posts |
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Heck, I remember when those upper grades were unheard of. Now with relaxed grading standards they are common. Theyre common because minting technology is vastly improved from what it once was. In a way it ruins some of the fun of modern collecting especially in recent years and NIFC coins. For NIFC coins on some issues even 70s are becoming the norm theyre quality is so good reflected in their miniscule premiums compared to other things. Quote:
I agree with other posters that upper grades, especially 69s & 70s are a hyped joke meant to snare the uninformed and/or well heeled collector/investor. Opinions like that are one of the reasons why more people dont get into collecting because theres too much snobbery where you arent a real collector if you dont only like certain things. No one cares if you dont like them or dont see the value in it, but it doesn't make anyone who does like them are uniformed. Thatd be like saying VAM collectors are uniformed because a Morgans a Morgan and theyre overpaying for slight variations. Everyone has their own interests and none of them should be looked down on. |
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Rest in Peace
United States
3039 Posts |
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Valued Member
United States
114 Posts |
Third Party Grading services have a really lovely commercialized scam going if you will. I am a Classic collector, so I might just be biased, but before certification, there really was no such coin differentiated between 69 and 70. Please correct me if I'm wrong, but before TPGs (early 1980s), modern commems for example were almost nonexistent. With the reign of TPGs have come new designations as well (Blue Label, First Release, First strike). Modern coins just won't appreciate the same way classic coins do unless there is a majorly overseen mintage number or error. In today's numismatic landscape, the aforementioned concept is moot; take 2009 for example, when coin production was cut short. What is a 2009 nickel worth? Maybe 7-9 cents. So if you must boost your ego to have "the perfect coin", then pay the insane premium. But a perfect coin is truly in the eye of the beholder, not what TPGs say.
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Pillar of the Community
United States
1796 Posts |
I've always believed that a "70" was a hypothetical grade.
There is no such thing as a perfect coin.
Period, end of report.
IMHO.
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Posted 05/19/2013 6:38 pm
