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 Replies: 57 / Views: 3,588 |
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Valued Member
United States
344 Posts |
Well Wow Typemaster it must of been a real job to do this ! It seems you got on the ebay and other auctions and just bought and bought and I would love to see the pictures of all these slabs before and after. I have heard of some people like you just buying in hopes they may find something. Like the guy that buys 100 penny stocks in hopes of one day one may pay off.(speculation) I am sure we all wait in anticipation to see the photos. Maybe I missed them ! With all the TPG's it is better to have it in raw cause the coins in some slabs is like having bought a coin in an airtite. MC |
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Pillar of the Community
United States
954 Posts |
 I love my coins raw too. |
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Pillar of the Community
United States
1203 Posts |
quote:
Originally posted by Becky
I love my coins raw too.
Now, that is my kind of woman!  |
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Valued Member
United States
335 Posts |
News Flash: Some guy named Typemaster was tracked down by fingerprints after the recycling people see the slabs and think some coin thief was getting ready to go to the pawn shop.
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Valued Member
 United States
224 Posts |
quote:
Originally posted by librtyhead
Holy crack attack Batman! Good for you.....I like to get dups and put them in the albums keeping the good slabbed coins in an ammo box.........I have a quick question were they all pcgs & ngc? In all I may have about 80 slabbed coins now, Good idea to take photos.
About 95% were NGC and PCGS. The other 20 or so were NTC, PCI, SEGS, and the other TPG's. |
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Valued Member
United States
224 Posts |
quote:
Originally posted by Five4fighting
So those of you that hate TPG because you like "Handling" your coins and the slabs you can only look at them, question, doesn't handling coins tend to make them less valuable? I mean they would get "dirty" and lose their luster. If you say you put them in a 2x2 cardboard flip isn't that basically the same as a slab and you can't "handle" the coin?
Noooooo! Not the same at all. Having the coin in a sealed slab is the same as having it out of my reach. At least to me. Even if you put them in a 2X2 Mylar you can have them out in under 6 seconds, and then put them back in after you are finished. As far as value, that is up to the owner. A part of the value of owning the coin is to be able to touch it. If you are worried about dirt, wear cotten gloves or wash your hands and learn to handle the properly. |
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Valued Member
United States
224 Posts |
quote:
Originally posted by mishap-coins
Well Wow Typemaster it must of been a real job to do this !
It seems you got on the ebay and other auctions and just bought and bought and I would love to see the pictures of all these slabs before and after.
I have heard of some people like you just buying in hopes they may find something. Like the guy that buys 100 penny stocks in hopes of one day one may pay off.(speculation)
I am sure we all wait in anticipation to see the photos. Maybe I missed them !
With all the TPG's it is better to have it in raw cause the coins in some slabs is like having bought a coin in an airtite.
MC
Do you think I purchased these coins in the last month!?!!? Make that 33 years of collecting. People "like me" were out there buying coins long before ebay was ever a twinkle in a developer's eye. |
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Valued Member
United States
224 Posts |
quote:
Originally posted by sandpaper
News Flash: Some guy named Typemaster was tracked down by fingerprints after the recycling people see the slabs and think some coin thief was getting ready to go to the pawn shop.
This thought actually crossed my mind....! Great minds think alike!  |
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Pillar of the Community
United States
1247 Posts |
quote:
Originally posted by TypeMaster
quote:
[i]
This may sound arrogant, but who the h**l says that the TPG's can grade a coin any better than the person owning or purchasing the coin?!!!! It's all a money making scheme in my never to be humble opinion.
Who says that they can? Have we ever seen them tested? Have the Big Dogs ever sat down in public and graded their own slabs with the numbers covered up? I don't believe that anyone can really tell the difference between a MS62 and and MS63. It always sounded like a *story* to me. That they can do it because they look at thousands of coins each day and we don't. Therefore we can never do what they can do, and therefore we need them. I have never believed it, and never will until and unless they prove it, in public with a real test. I want to see them in public sit down and each grade 100 of there own slabs and see how many of them hit the same number twice. IF THEY CAN DO IT, THEY SOULDN'T BE AFRAID TO PROVE IT! |
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Valued Member
United States
129 Posts |
Thanks for answering Typemaster, while I do understand those folks that hate the slab grading companies, and the phrase "Buy the coin not the slab" I do like slabs-harder for a dealer to rip you off lol. (No offense to any dealers that are here though, there is a certain dealer in Tacoma that will rip you off in a heartbeat. Thank gawd that we have three dealers in my area so I can avoid that one, I feel bad for those folks that live in areas that just have one dealer like I just mentioned and have no access to the Internet)
Anyway that brings me to my next question, Do you buy coins from the US Mint? Like the Proof sets and the Mint sets? If so when you get your proof set do you break them out of the government case?
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Valued Member
United States
224 Posts |
quote:
Originally posted by Five4fighting
Thanks for answering Typemaster, while I do understand those folks that hate the slab grading companies, and the phrase "Buy the coin not the slab" I do like slabs-harder for a dealer to rip you off lol. (No offense to any dealers that are here though, there is a certain dealer in Tacoma that will rip you off in a heartbeat. Thank gawd that we have three dealers in my area so I can avoid that one, I feel bad for those folks that live in areas that just have one dealer like I just mentioned and have no access to the Internet)
Anyway that brings me to my next question, Do you buy coins from the US Mint? Like the Proof sets and the Mint sets? If so when you get your proof set do you break them out of the government case?
Proof sets are a different chapter in my book. I don't have any. I have never really had any interest in collecting them. As for the other question, yes I do purchase from the mint, but only coins that I really like or that I consider rare by mintage. I actually do not buy that many from the Mint in comparison to auction sites and dealers / shows. I was just remarking to my wife that before the days of ebay, Heritage and the other auction sites, it would have taken years to find the coins I love collecting which are type coins. I can remember in the good old days traveling hundreds of miles to a coin show in a large city just in the hopes that someone there would have the coins I was looking for. More often than not I would leave disappointed. This means I would be stuck for travel and lodging expenses and never get any satisfaction out of it at all. Today, I can literally shop for just about any coin from the comfort of my home. I like that! Another thing that the auction sites have really established is competition! Nothing like going to an auction and seeing 12 or 15 MS graded 1855 Seated Lib Halves and being able to buy the best of the offerings at the price you want to pay. This hobby is really in its time right now I believe. It's a good time to be a collector! |
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Valued Member
United States
335 Posts |
quote:
Originally posted by TypeMaster
quote:
Originally posted by sandpaper
News Flash: Some guy named Typemaster was tracked down by fingerprints after the recycling people see the slabs and think some coin thief was getting ready to go to the pawn shop.
This thought actually crossed my mind....! Great minds think alike!
You probably have one,my thoughts were all coincidence. That must have been a huge job.I only have a few, graded, older Washingtons so it will be easy. |
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Valued Member
United States
224 Posts |
quote:
Originally posted by longnine009
quote:
Originally posted by TypeMaster
quote:
[i]
This may sound arrogant, but who the h**l says that the TPG's can grade a coin any better than the person owning or purchasing the coin?!!!! It's all a money making scheme in my never to be humble opinion.
Who says that they can? Have we ever seen them tested? Have the Big Dogs ever sat down in public and graded their own slabs with the numbers covered up? I don't believe that anyone can really tell the difference between a MS62 and and MS63. It always sounded like a *story* to me. That they can do it because they look at thousands of coins each day and we don't. Therefore we can never do what they can do, and therefore we need them. I have never believed it, and never will until and unless they prove it, in public with a real test. I want to see them in public sit down and each grade 100 of there own slabs and see how many of them hit the same number twice. IF THEY CAN DO IT, THEY SOULDN'T BE AFRAID TO PROVE IT!
The truth of the matter to me is that these guys can't even grade coins re-submitted to them several times over with the same grade! That has been proven over and over! The real kicker is why in the hades do people still send them coins? I only submit proofs and VERY high grade rare coins that I can't get any other verifying documentation on. Frankly, and this is for all you TPG graders that may be reading this, having a coin in a PCGS slab DOES NOT make a coin worth more to me. Likewise, a coin in an SGS slab DOES NOT make it worth less. I look at all coins the same way. That's one of the reasons I broke them out! No value! None! Listen, no one can ever rip you off when purchasing a coin if you refuse to agree on the grade of the coin. I am very conservative and the dealers I have relationships with know that. They also know that I may walk into their shops and drop thousands of $$ and so they don't want to anger me by trying to high grade a coin and insult my intelligence. The TPG's are a money making guessing machine. There is no scientific repeatable foundation for the grades they may give a coin. For example, all three of the independent graders at PCGS may have had a bad morning before coming into work. That is going to affect their emotions and that, in course, will affect the grade of your coin. Likewise they may have had a really good morning and the opposite would be true. Grading has a lot to do with the emotion that a coin gives me. I love coins that reach out, grab me by the gut, and solicit that "WOW" emotion from me. Some coins do that. At least to me they do. Keep your cynical approach to TGP's and you will be fine. Look at the coin and feel it out whether its in a slab or not. Then decide on a price after careful research. Good luck! |
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Valued Member
United States
344 Posts |
Atleast none of typemasters coins will be going back to the TPGs cattle crossing. Typemaster did you send all these slabs back to the original TPG so they could adjust the populus of that coin & grade ? (lol) MC Interesting oversight of james halperin of heritage rare coin galleries. Though like it says if you can't grade best you learn before jumping in. PLAYING THE CRACK-OUT GAME by Ed Kiersh It seems like a win-win gamble. Mint-state 64 or 65 coins are cracked out of their holders, resubmitted to a certification service, and given a higher grade, a rating that translates into instant profits. But don't be fooled. Though Heritage Rare Coin Galleries' James L. Halperin has made millions of dollars playing the crack-out game, novices shouldn't even think about this gambit until they become astute at grading premium-quality coins. "That's the key: if you don't know how to grade, you can't play the game," says Halperin, who's also a novelist (The Truth Machine and The First Immortal). To play, Halperin advises buying uncirculated coins at a public auction ("That's where the best deals are, since the sales premiums are higher with a dealer.") and drawing up a chart, which lists the relative mint-state values of a coin. Taking a $2 1/2 Liberty gold piece, for example, the values could be as follows: MS-63 $ 800 MS-64 $ 950 MS-65 $1,800 MS-66 $2,100 Here, it wouldn't make much sense to buy a mint-state 65 piece, since the upside potential is only $300, while the downside risk is $850. Yet what about that MS-64? This is certainly the winning play, since the downside loss is relatively small, while the upside potential is sizable. One final word. When playing this game, or whenever handling your coins, always treat them as fragile gems. The perspiration from your thumb, or some foolhardy effort to clean coins, can instantly and dramatically reduce a piece's value. |
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Pillar of the Community
United States
1490 Posts |
I agree that slabbed coins do take away from the personal touch of the coin. As a matter of fact I just bought my first Capped Bust lettered edge coin in a NGC holder and will not be able to see the lettered edge. Bummer. However I do not think I am to the point of cracking it.
I myself am relatively new to coin collecting and am still learning what a cleaned coin is and what is not. This is the main reason I purchase some coins slabbed. Hopefully as my knowledge grows I will be able to spot cleaned coins better.
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Replies: 57 / Views: 3,588 |
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Posted 12/03/2006 8:00 pm
