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 Replies: 7 / Views: 1,098 |
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Pillar of the Community
United States
1116 Posts |
I wanted to get 2 ASE's for a member of my family. I was given the choice of 2 2009's graded by ANACS in MS70 or 2 ungraded ASE's (2012 and 2011) each for the same price. The coins are to be Christmas presents for members of my family and the only coins that they have are ones that I present to them at this time of the year. What really sealed the decision for me was a conversation that I had with the people in the coin shop when they said that after PCGS and NGC all other coins are discounted when someone tries to sell the graded coins with ANACS being lowered by a grade, 2 grades for an PCI coin, and more grades for an ICG and the rest. What would you have done in my place? My deal is done and I was looking for advice on what the shop personnel told me. Keep in mind I have no idea as to what they may or may not do in the future. So your advice please. |
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Pillar of the Community
United States
2543 Posts |
Not knowing how much you paid, they were either overcharging for the 2012, 11 or undercharging for the 2009s. I personally think the ANACS MS70 should be a bit more than the raw coins, but not much more. If it were me, I would get 2012 ASE's , firstly the date would remind them of the Christmas that they received them. And I always get raw coins for my non collecting family and friends. A slabbed coin means nothing to them, but if they can hold it, examine it, feel the weight of an ounce of pure silver, it is much more thrilling to them. |
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Pillar of the Community
United States
2543 Posts |
I am sure the coin shop was using investment value as a selling point, Home Shopping Network sells ANACS MS70 for $129.00 each, raw coins sell for the spot price of silver plus $5 - $10 . In reality , any coin shop would buy back those ANACS coins for the same price as raw.
Does your family really care about any of that ? There is nothing like the physical interaction with a coin.
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Bedrock of the Community
13014 Posts |
If they were the same price I would have taken the ANACS ones. While the premium for their 70s is generally low some people do really like them and there is a bit of a premium. If it wasnt ANACS and was a basement slabber I would have taken the raw though.
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Valued Member
United States
148 Posts |
Unless the person is really, REALLY into coins, I'm guessing that 99.99% would rather have 3 or 4 of the nothing special coins versus 2 slabbed. You can then show them how to hold it, how to do a ring test, the features of the coin, etc and it becomes a learning lesson. Better yet you could get them a grading guide and you could grade the raw ASE together and when done put them in a plastic capsule for safe keeping. |
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Pillar of the Community
 United States
1116 Posts |
There were asking $4 over spot graded or raw - no difference.
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Valued Member
United States
148 Posts |
So having modern coins graded is likely throwing money away it sounds like
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Bedrock of the Community
13014 Posts |
Quote:
So having modern coins graded is likely throwing money away it sounds like If they arent a 70 yes you lose money on overall value |
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Replies: 7 / Views: 1,098 |
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Posted 12/12/2012 9:56 pm
