| Author |
 Replies: 21 / Views: 3,626 |
|
Bedrock of the Community
United States
11951 Posts |
I read all the posting about the different TPG labels and can't help but think how crazy it sounds. I do understand having a coin slabbed, and in the past year have put quite a few into my collection. IMO what is crazy are the special labels. I think most would agree that First strike and Early release, in most cases have no chance of being what they are promoted to be. This has been explained in other post. With the many different die pairs being used and the mint building their stock before offering coins/sets for sale. Makes the idea that some sort of early coin being special, is the crazy part. And the TPG putting rules into play on what makes a set is also crazy. For example: The 25th eagle set, IMO the mint did nothing special in minting the regular proof, the W burnished and the bullion ASE. I feel these coins would have been taken right out of their regular stock and sent to one location to put all the 100,000 sets together. So really what difference is it, if the mint blindly puts the 5 coins together or the TPG, maybe swapping coins around from a customer who sent in multiple sets, or a collector sending his best 5 coins. Any way they are put together, just having the correct 5 coins is what makes the set. Would a future collector really care if the 5 slabbed coins he bought all came in the same OGP? I think the grade and maybe the consecutive serial numbers would be more important. I think collectors should take back their hobby and not let TPG's dictate what we want. They should be providing what we need, not what makes them more money. TPG's should be there to authenticate, grade and verify the condition of the coins we send in. That is the service we pay for. We have a situation where the TPG's are trying to create special coins for their profit. In reality the three non-unique coins are no different the the rest of the same coins made this year. I hate to drag this on ...one more example, maybe two If a collector ordered a 25th ASE set. Opened his box and one of his common coins is ... damaged. He swaps the coin out for the same common coin, one with no damage. There is no way anyone could tell that he swapped the coin out, because there is no difference in the two common coins. I think other collectors should not even care, it is not like someone is putting a fake coin in it's place. To me it would be like if the TPG's told us a Kennedy half dollar set is not correct, unless you send in the sealed mint and proofs sets for them to be graded. I think those that care are trading slabs .. not coins. |
|
|
|
Pillar of the Community
United States
7189 Posts |
I totally agree, I collect coins not slabs. I have never submitted a coin but I would just for the protection the slab could provide. The only thing I will purchase specifically slabbed are proof cameo Franklin's and even then you have separate designations with cam and deep cam.
|
|
Pillar of the Community
United States
4897 Posts |
considering the fact that there is NO way to absolutely confirm that coins submitted first are actual early die states. I find the labels meaningless. Maybe they should label them "First Submited" instead of "First Strikes". Just MHO.
|
|
Pillar of the Community
United States
1302 Posts |
I think TPG is good for the following things: 1) Authenticating Coins 2) Establishing a census 3) In some cases showing an auction history of a particular coin and 4) providing a safe storage device for the coin. I think it is overreach to create a first strike designation when it doesn't really work right. I think their going along with the Omaha Hoard was damaging to their reputation. And I think grade inflation has also hurt the hobby... That said, the hobby is much better off with them than without. |
|
Pillar of the Community
United States
883 Posts |
TPG's will survive as long as consumers continue to buy into any hype they create. There are a few circumstances where I would buy a TPG coin but in over 40 years of collecting that hasn't happened yet. I'm not saying that collecting that way is worse or better than first and second party grading - just different. (I haven't figured out who is first and who is second in a purchase transaction but I suppose the buyer is first.) Of course, I am not including my purchases from the US Mint as TPG purchases because, as we know, their definition of "proof" and "uncirculated" is, arguably, more a matter of packaging and not grading. And now the punch line... I think most of the special TPG labels are PlumCrazy  |
|
Pillar of the Community
United States
2541 Posts |
I don't blame the TPGs for trying to ensure their survival after a large population of high grade coins has already been slabbed, but it is ridiculous and I think some younger collectors will get into this only to realize it's a bunch of garbage and will end up hating the hobby because of it.
|
|
Pillar of the Community
United States
5847 Posts |
What's next? How about offering the slabs in a variety of colors, so you can get a green-slabbed MS70 coin, a red-slabbed MS70, a blue-slabbed MS70 coin... collect the whole set, kids!
|
|
Valued Member
United States
404 Posts |
I like barryg's idea(please note the sarcasm).
This is basically what the cards companies started to do. They would have 100 autographs from a particular player, and put out 3 subsets of that player. The red set would be numbered 1 of 10, the green set would be numbered 1 of 25, and a blue set would be numbered 1 of 65.
So now instead of having 1 set of 1 of 100, there are now 3 sets which will all have a higher value because of their "limited" production.
|
|
Pillar of the Community
United States
6326 Posts |
I would value the " blue" slabs much higher in that case.....because it's my favorite color !  Yeah, I agree with most all of this being discussed here. I only own TWO slabbed coins. One is an M-69 ASE for 2009, and the other was a 1914-D Lincoln with a suspicious mintmark that I sent in for "authentication" and "verification", because this was a costly "key" coin. And my lesson learned, was never buy KEY COINS RAW ! .... But if you do....get it checked out by a TPG ! And I bought the slabbed ASE because I couldn't get my beloved Proofs that year.......  I've never cared anything for the "slabbing" part of coin collecting. I like em' RAW ! Some people certainly DO, though, and that's okay too. They like the look or the "stack-ability" of the slabs, etc., etc.... But the rare occasions will come up for everyone to require the needs of a TPG, those that have been mentioned already. These "special labels", as a relatively new EXTRA form of collecting, are certainly getting out of control and growing more all the time. It's too much, and it's ridiculous and unnecessary. They are "muddying up the waters" of our sport IMO. And I would agree....it smells like money maker addicts are in every facet of life to find a way to make an "extra" buck, on top of the buck they're ALREADY making. I'm going to send my two 25th Anniv. Sets to PCGS to have my "set" authenticated as such....and I'm certainly a " greenhorn" treading in " virgin territory" by doing this.....but I felt it was just the best way to go for me, at least with this one occasion......... the "FS" and/or "ER" designations are just annoying and an "extra" that nobody should need or have to bother with. If sometimes that trades for more money.......whatever....but it shouldn't be on the label in the first place, I agree. All we can do is limit our participation.......kind of like "recycling" though........if we don't ALL DO IT.....then the impact is very small and almost inconsequential, and not likely to affect the issue of the monster at hand. Edited by eaglefoot
11/23/2011 10:58 am
|
|
Pillar of the Community
United States
968 Posts |
I think they are stupid, but given the way people react to those labels I'd happily get my coin slabbed with one (if I had one of those "special" strikes) simply because I could sell it to someone for more money than a "normal" coin.
|
|
Moderator
 United States
187950 Posts |
Quote:
TPG's will survive as long as consumers continue to buy into any hype they create. I agree. As long as there is a market for them, they will keep doing it. Personally, I do not see the point. I barely accept slabs for what they are (an authentication and grading opinion). To each their own.  |
|
Bedrock of the Community
United States
20753 Posts |
Quote:
I agree. As long as there is a market for them, they will keep doing it. Personally, I do not see the point. I barely accept slabs for what they are (an authentication and grading opinion). To each their own.
My viewpoint exactly. Although I too do not collect plastic and throw away those slabs I have purchased, put the coins in Albums, it is comforting to know a 16D is a 16D Merc and not a Chinese fake. I really don't care if a coin is a F-12, VF-30 or a MS-99. I'm a lousy grader and I suspect so are many that work for those TPS's but the maority of people think they are perfect. The worst part of it all is at coin shows I constantly hear "Of course that is rather high priced but it is in a PCGS slab you know". Actually if your going to complain about TPS's attempting to determine what is a collection, your really far from what should be complained about. The people that really try to determine what you should collect are the manufacturers of Folders and Albums. Think about this. You have to have a Lincoln Cent 1922 Plain error coin for almost all Albums. You need a 1942/41 Mercury dime to complete most sets. I have Folders that say I need a 1913 Liberty Head Nickel to complete that set. Most need a 1969/69 Indian Head cent for that collection. This is NUTS. Dansco, Whitman, Littleton, Intercept Shield, etc are the people that really determine what you should and/or MUST collect. |
|
Moderator
United States
187950 Posts |
Quote:The people that really try to determine what you should collect are the manufacturers of Folders and Albums. Think about this. You have to have a Lincoln Cent 1922 Plain error coin for almost all Albums. Tell me about it...  This is my only complaint about albums! The 1922-D "Plain" hole is the only one that really affects me, since I made a custom album for Indian Head cents, Buffalo nickels, and Mercury dimes that omit all of the errors and varieties of those series. |
|
Pillar of the Community
Canada
902 Posts |
It used to be about collecting coins, then slabs & flips came along
|
|
Valued Member
United States
493 Posts |
Look at the label for what it is, same for the plastic slab. Essentially the NGC early release label shows that the coins were slabbed close to release. A buyer knows the coins did not sit around in someones musty basement, or humid southern climate for too long before they were encapsulated. It's not much, but it's something, and down the road, may mean more than you think present day, or really nothing at all. Just like collectors who refer to the ASE as bullion, they don't even see them as collectible! With all that being said, the prices for slabbing are ridiculous. Edited by everything
11/23/2011 8:25 pm
|
|
Valued Member
United States
377 Posts |
Quote:
A buyer knows the coins did not sit around in someones musty basement, or humid southern climate for too long before they were encapsulated That is not entirely Accurate. Coins can be submitted 20 years after issue if still sealed in mint box and was shipped prior to cutoff Date for First Strike or Early release. I am 1 of the Label collectors and will not buy a Coin without First Strike in the series they exist for. I have over 500 Slabbed coins, Mostly moderns and love the different labels.but to each his own. I also have complete sets of Moderns in Dansco's Mostly from mint sets Edited by wif99
11/23/2011 9:07 pm
|
| |
Replies: 21 / Views: 3,626 |
Posted 11/22/2011 11:38 pm
