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 Replies: 39 / Views: 4,839 |
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Pillar of the Community
United States
3670 Posts |
I agree Ed an T, and if you collect anything for long enough and THINK to much about it, well you will find yourself buying a name or a tag or title and paying a bit too much for it. But, if that helps one fill that silver void, good enough  .... I would love to just hand pick a nice MS-69 Eagle and a MS-70, and even a basement grade MS-70 and hand Mr. PCGS or NGC a loupe and say.... "O.K. show me what makes this a 70 and the other a 69. Also, is this 70, really a 70,"  lol.... If you can't enjoy it with the NAKED EYES GOD gave you, you are just buying the tag an bragging rights, maybe to say to your buddy...."Hey Jim nice stash, but do ya have a MS-70 First Strike reverse proof my brother from another mother  ?" Actually I would love to have to above mentioned, scratch that lol as the ASE reverse proof is one of the best looking coins I have ever seen in the bullion category..... Edited by Silverhawk74
04/07/2012 7:47 pm
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Rest in Peace
United States
9104 Posts |
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That might be the theory, Fredd, but from what I have seen, prices move up pretty fast with most coins as the MS number increases Your observations are correct, I'm simply pointing out that the Sheldon scale was meant for pricing, not grading. Until every ms70 will regrade at ms70, there is no reason for them to sell for more than ms69, because there's no guarantee that they're actually better. |
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Rest in Peace
United States
9104 Posts |
I predict that within ten years, the ms70/69 differential will collapse, just like ms65 Morgans did when speculators realized common dates available in ten bag lots are not worth $500 per.
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Pillar of the Community
United States
1454 Posts |
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I predict that within ten years, the ms70/69 differential will collapse Not for the NCLT's, I doubt. But for common coins, I can understand your logic. But here's something to consider: those highly graded silver coins can oxidize over the years, so a slabbed MS-70 coin will not necessarily be the perfect example one would expect to be purchasing if it was slabbed 10+ years ago. I kind of wish the graders would place a grade date on the slabs(maybe you can look this up on their site?) so buyers would know that the grade they're getting may not be accurate. |
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Rest in Peace
United States
9104 Posts |
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I kind of wish the graders would place a grade date on the slabs(maybe you can look this up on their site?) so buyers would know that the grade they're getting may not be accurate. Quite a few dealers will distinguish between new and old holders, both for your reason and changing "standards" over the years. Potential changes in a slobbed coin is why I recommend that if you plan to sell years down the road, get the coin slobbed then. Why pay today, only to be told you have to pay again because standards or TPG popularity have changed? |
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Rest in Peace
United States
9104 Posts |
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But here's something to consider: those highly graded silver coins can oxidize over the years, so a slabbed MS-70 coin will not necessarily be the perfect example one would expect to be purchasing if it was slabbed 10+ years ago. Another reason the differential will become much lower. The only way a ms70 can go is down, either because more are discovered, or because they deteriorate in the holder. I forget the coin, but one 1 known none higher was downgraded, resulting in a 90%+ drop in value. |
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Pillar of the Community
United States
1454 Posts |
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Quite a few dealers will distinguish between new and old holders, both for your reason and changing "standards" over the years. Thanks, Biggfredd. I wasn't aware of that. |
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Pillar of the Community
United States
4008 Posts |
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Your observations are correct, I'm simply pointing out that the Sheldon scale was meant for pricing, not grading. Ah, OK, understood. I guess that I was thinking that price and grade were so closely related as to be virtually the same thing. Quote:
Until every ms70 will regrade at ms70, there is no reason for them to sell for more than ms69, because there's no guarantee that they're actually better. I can see that would be the case but perhaps people who buy these coins look more at the MS number on the packaging than they do at the coin itself and then decide what to pay or ask for that particular coin. To my untrained eyes, both are exquisite, so differentiating them isn't possible for me. Because of this, paying quite a lot more for the MS70 just does not seem realistic. Oh, well. Not every aspect of coin or bullion collecting is for all collectors. |
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Rest in Peace
United States
9104 Posts |
The current gimmick is the "finest known" and registry sets. Any time you buy into a gimmick instead of genuine value you find yourself paying $5 a glass for tap water.
The trick is to learn how to tell the steak from the sizzle.
True story: I had a friend who got a degree in cooking. He said he loved buying the discounted meats, because he knew what to look for, which was exactly what the typical shopper rejected. Fat? Man, where do think the flavor comes from?
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Posted 04/08/2012 12:37 am
