| Author |
 Replies: 19 / Views: 2,835 |
|
Pillar of the Community
United States
1247 Posts |
People do this kind of thing. Not picking on this particular eBayer. http://www.ebay.com/itm/2008-S-PCGS...em27db470819Who on earth wastes money sending these in to get graded? You would think the cost of doing this would outweigh any money they might recoup. |
|
|
|
Pillar of the Community
United States
3486 Posts |
Because unknowing people have bought into the hype that a coin in plastic is special.
We both know that this is not necessarily true.
Sad, really.
|
|
Moderator
 United States
16679 Posts |
People like the sales pitches on tv.
They get them slabbed in bulk, then tell the unknowing people that watch those shows that they are something special and sell them for $29.99 each.
Simply unethical but they don't care.
swcoin.ecrater.com
|
|
Pillar of the Community
United States
2543 Posts |
Why would anyone pay grading fees to grade a penny ? To make it worth $30 plus one cent ?
It is a proof NCLT coin , it is a collectible. Some people like their collectible coins authenticated, graded and sonically sealed against time.
Why would someone grade a VG8 coin ? For fear that keeping it in an album or a 2X2 might damage it into a G4 ? To each collector his own I guess.
|
|
Pillar of the Community
 United States
1247 Posts |
perhaps, denco7, but Grading a modern coin like this?
|
|
Pillar of the Community
United States
688 Posts |
Maybe he will see this thread and answer for himself, cjspearsdog is a member here at CCF and was active in another thread earlier today.
|
|
Pillar of the Community
United States
1247 Posts |
Ah, I said in my first post, I wasn't picking on this seller. I don't want to get into a fight with another CCF member. I am questioning the thought and expense behind doing this kind of thing.
Edited by stampvirgin
11/29/2013 7:34 pm
|
|
Moderator
United States
16679 Posts |
And I just want to clarify..I meant the coin shows on tv; not cjspearsdog.
swcoin.ecrater.com
|
|
Pillar of the Community
United States
688 Posts |
Stampvirgin, that is a good question. I would also like to know the thought behind this and how it could be profitable with the expense of getting it slabbed.
Maybe he didn't send it in, he could have bought it cheaply already slabbed and is just re-selling.
|
|
Bedrock of the Community
13014 Posts |
They dont get sent in with the intention of getting 69s, they get sent in chasing 70s. If you send enough usually the 70s will pay for everything and the 69s still need to get unloaded. Its the 70s that pay the bills for the moderns though.
If you get them graded in bulk which that one was by the special label on it, its also significantly cheaper than normal grading costs. Thats how those coins usually end up in slabs from there theyll probably pass through several hands and only he can answer how he actually got that one.
Its rather silly though to say because somethings modern they arent worthy of being graded.
|
|
Pillar of the Community
United States
3486 Posts |
denco7,
"Why would anyone pay grading fees to grade a penny ? To make it worth $30 plus one cent ?"
No, I had slabbed a 1909-s VDB and a 1914-D because both are heavily altered/counterfeited.
Used ANACS simply to get them authenticated.
It is the 'modern perfection' coins in plastic that drive me nuts.
|
|
Pillar of the Community
United States
1247 Posts |
Older, more valuable coins I can understand, like a 1909 VBD, or a 37 Jefferson nickel. But a coin from within the last 20 years? |
|
Bedrock of the Community
United States
36883 Posts |
I agree with basebal21, they are looking to get 70's and make money on them.
|
|
Pillar of the Community
United States
1247 Posts |
My friend showed me parts of his coin collection.. He has every proof set from 1937 to 1969.
First set is graded/slabbed all 65
|
|
Bedrock of the Community
13014 Posts |
Quote:
He has every proof set from 1937 to 1969.
First set is graded/slabbed all 65 And look at the years you listed that would fall into. Would you consider a 1972 type 2 MS 65 Ike to be worthy of grading? Its a approximately a 1500 dollar coin. Or a 2007 missing edge lettering washington Presidential dollar which is over 1k in MS 68. The best advice would really be to browse around http://www.numismedia.com/fmv/fmv.shtml for a bit and youll see approximate values of what people are trying to get when things are sent in. Theres not one answer to what grade they want if youre going to lump your friends proof years in with ultra moderns. Really though whether the coin was made in 2012 or 1912 neither coin is being made anymore. Theres plenty of 1800s coins that cost less than 2007 coins in certain grades. Age just makes it less likely high end examples had survived and that part of the mintage had been destroyed over time. Theres ancient coins with miniscule survival rates that sell for far less than things that were minted in the millions. Its all about supply and demand. I personally like both and though I prefer older coins I do love a good Ike and many others. Whether you mean to or not its coming off a bit snobby with the only 20 years old stuff. Its one thing to tell people they can find something cheaper, but to say something doesn't have value because its modern or imply its not worthy of collecting is another. Edited by basebal21
11/30/2013 3:57 pm
|
|
Pillar of the Community
United States
1247 Posts |
No, didn't mean to come off snobby..
Just didn't understand the thought behind sending in a golden dollar for grading...
|
| |
Replies: 19 / Views: 2,835 |
Posted 11/29/2013 6:54 pm
