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BStrauss3's Last 20 Posts
| Counterfeit Gold Coins In NGC Slabs
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BStrauss3
Pillar of the Community
United States
3842 Posts |
 Posted 06/03/2023 7:20 pm
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Excuse me?
Quote:
Fake slabs have been around for awhile, but recently the fakes slabs have been growing in the market place. PCGS has been the main target by the Chinese counterfeiters because because most of their holder coins do not have photos on the cert lookup. The new collector can protect themselves from counterfeits by buying from a reputable dealer, and buying coins that have photos to compare on the cert lookup. Unfortunately, the counterfeit coins and counterfeit plastic are getting better, and the counterfeit slabs enable the counterfeiter to sell their coins for more money. PCGS and NGC have contributed to their slabs being counterfeited by not posting high quality photos of coins on the cert lookup.
Fake slabs have been around since the Generation 1 rattler. That was the reason they went to the two-piece banded slabs...
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| | Forum: US Classic and Colonial Coins |
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| Arlington Texas - Tna Show 2023 - We Are Go
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BStrauss3
Pillar of the Community
United States
3842 Posts |
Posted 06/02/2023 10:22 pm
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P: Was that you I sent to T&S?
The show was busy, probably over 100 people in line when it opened. It quieted down around 11 am and didn't really pick up in the afternoon, more steady traffic.
I didn't get to touch base with any of my dealer friends to see how it was going, but I did overhear one dealer saying he was sold out of gold and had sold most of his silver. I saw his case during setup and we're talking at least 20oz of gold.
Another dealer said he was shutting down and is selling his premium-quality Morgan set because he can't buy replacement material.
There were old dealers who have always set up at the show and several new dealers. One I talked to yesterday finally opened their shop in El Paso last week. And drove the ten hours to set up at the show this week. They'll drive the ten hours back Sunday night. Any bets if they're open on Monday?
There are a lot of younger faces starting to show up behind tables, not just as vest pocket dealers. Some of the VPDs are not small potato efforts, they're turn over is measured in kilobucks.
Several of the wholesale dealers have packs of younger scouts roaming the floor with laptops open and serious knowledge about inventory and price. "Sorry, I can't do 385 - we already have two". Any dealer with honest material at wholesale prices is liable to be left looking like the Cedar Waxwings came to visit.
There is a large silent auction of part of the Library of Numismatics International. The NI library http://numis.org/resources/library/) was a little-known and less-used resource that was basically taking up expensive storage space. The books are being sold mostly by the box of somewhat related books. Sad to see it go, but a few hundred of the most important pieces are off to the ANA Library.
I did see one fun piece, Pete Smith's "Building, Maintaining, and Disposing of a Numismatic Library". I wonder if they used the book to place the disposal.
I've found a couple of fun coin pieces, including the ANA 1/2 toz silver membership medallion from a couple of years back. It was a spiff for joining or renewing and as a LM I didn't qualify. And I'll admit I didn't want to buy one at $125... I thought that was a bit pricey for a 'contribution' even worse than the US Mint markups.
I got some nice change at the Quick Trip - a 1946 Jefferson nickel and a 1955D Wheatie. Plus a blasted 1965 quarter.
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| | Forum: Main Coin Forum |
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| Arlington Texas - Tna Show 2023 - We Are Go
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BStrauss3
Pillar of the Community
United States
3842 Posts |
Posted 06/01/2023 8:28 pm
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Venue and Dealer setup is COMPLETE. Google says I walked 4.4 miles today and the venue is 48,600 square feet (262x180 feet).
All we need is YOU.
Doors open at 9 am tomorrow, Friday, 2 June 2023.
$3 admission, free for TNA members.
The show runs through Sunday (which is free admission day). |
| | Forum: Main Coin Forum |
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| What Does The New CAC Grading Service Mean For Other TPG Values
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BStrauss3
Pillar of the Community
United States
3842 Posts |
Posted 05/31/2023 8:25 pm
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Earle42 & others
Quote:
CAC, just like the other companies are just that...companies/businesses existing to make a living/profit. As such, they will go where the money leads (which is what businesses do).
There is a difference between a price that makes a profit and the market clearing price that maximizes profits.
As long as your investors are fine with lesser returns, you are free to make less money.
That brings us back to an interesting point - who are those "over 125" who are investing in CACG? Who owns the biggest share and thus can put together a power block to drive the bus? There have certainly been cases where founders with one set of ideals have been eased or thrown out...
I'm specifically thinking of Krause Publications, where the 100% Employee owned company was sold without a vote by the employee-owners, it was done by the hired managers who believed they have a fiduciary duty to maximize the value of the company for the owners.
https://www.chicagotribune.com/news...1-story.html
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| | Forum: Third Party Coin Grading (TPG): PCGS, NGC, ANACS, ICG, ETC. |
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| What Is The Best Date To Get For My Slabbed Type Set?
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BStrauss3
Pillar of the Community
United States
3842 Posts |
Posted 05/31/2023 8:15 pm
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Generally you look for the least expensive that meets your other criteria (grade, mintmark, etc.).
With the proviso that some series have very few key dates and non-key dates don't always get slabbed. If you go out to NGC or PCGS sites they have population reports that will show you what might be available.
For example:
If you want an MS65 or MS66, there are a lot of 1964 dimes. |
| | Forum: US Modern Coins |
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| What Does The New CAC Grading Service Mean For Other TPG Values
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BStrauss3
Pillar of the Community
United States
3842 Posts |
Posted 05/31/2023 2:14 pm
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6. CACG is deliberately planning to limit its services to what can be performed by a single pod of three graders viewing EVERY coin, with JA as the arbitrator if the three can't agree. They've stated no interest in common coins, in modern coins. My personal believe is the costs will be eye-watering.
If it costs $30-50 to grade a coin, that limits the appear to coins that are maybe worth $100-200 at a minimum. If you need to add another $35 for a CAC bean, that pushes the value proposition higher.
In order to limit submissions, they're going to have to charge say $100? At which point coins worth less than maybe $1,000 aren't economical. |
| | Forum: Third Party Coin Grading (TPG): PCGS, NGC, ANACS, ICG, ETC. |
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| I've Never Counted This Many Errors On A Bill How Did This Get Make Circulation
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BStrauss3
Pillar of the Community
United States
3842 Posts |
Posted 05/29/2023 7:54 pm
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Quick lesson - be careful of tone - we don't have the verbal cues you get f2f.
I'm sure you meant it's lame that somebody tampered with the note. But your words could also be taken as dismissing the educated opinion of several experts.
There is nothing that will get you ignored here faster than showing up, asking for an opinion, and being sure you are smarter than people with 20, 30, or 50 years of experience and arguing with them!
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| | Forum: US Paper Money and Banknotes |
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| Jug Full Of Change, What To Look For?
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BStrauss3
Pillar of the Community
United States
3842 Posts |
Posted 05/28/2023 09:23 am
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| BTW, the odds for the 2000P Proof Reverse ("Cherios" dollar) are no better than 1:153400. There were 767 million minted and 5,000 or less are the proof reverse. |
| | Forum: Main Coin Forum |
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| Jug Full Of Change, What To Look For?
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BStrauss3
Pillar of the Community
United States
3842 Posts |
Posted 05/28/2023 09:18 am
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Also, stop reading The Sun, and watching those videos. They are at best vastly overstating the chances and the value of what you will find. At worst, they're just clickbait.
For example, Jefferson nickels. The only "key" date is the 1950D. Yes, in MS65 it's a $20-30 coin. But the one you pull out of circulation in Fine condition is something you would buy, paying a dealer full retail, for maybe $6. A dealer -might- pay $4.
http://www.numismedia.com/rarecoinp...proof=&plus=
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| | Forum: Main Coin Forum |
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| Red Book Valuations For Newbie
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BStrauss3
Pillar of the Community
United States
3842 Posts |
Posted 05/27/2023 08:51 am
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Generally, they are out of date and FULL retail in a NICE coin shop. One where the lights work, the chairs aren't held together with duct tape, and the proprietor's clean shirt doesn't have mustard stains.
At best, they date from ~ 15-18 months before the cover date.
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| | Forum: US Modern Coins |
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