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Question For Those That Enjoy Grading Coins

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MontanaCMR's Avatar
United States
606 Posts
 Posted 10/05/2014  7:25 pm Show Profile   Bookmark this topic Add MontanaCMR to your friends list Get a Link to this Message Number of Subscribers
I have only been enjoying coins for the past few months. However, it has been more enjoyable than I ever imagined, although it bores my family to tears.

For those that enjoy grading coins, do you also collect bullion or ASE (i.e., following the spot price)?

It seems there are a lot of collectors, and I enjoy both. Is this common, or are most people either just coins, condition... and other just silver weight?

If I had to just do one or the other, I prefer the history and condition of coins more. Either way, I figure this will be an expensive hobby, and not a money maker long term.

Also, thanks for providing your grading opinions on the 4 coins I posted today.

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dsfreeworld's Avatar
United States
4337 Posts
 Posted 10/05/2014  8:05 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply

Quote:
Either way, I figure this will be an expensive hobby, and not a money maker long term.


Numismatic value has never gone anything but up so I would figure the other way if I were you.

Now, should you "buy wrong", sure, you take a loss and in some cases no matter how much time goes by in your lifetime.

However, again, within your lifetime and well beyond that for most of the treasures we all admire, you're not going to be on the "losing" end of the stick.

As your question and topic, for me, I have one each of an ASE and Canadian Maple Leaf that are of interest to me due to some very colorful toning. Other than that, all of my other ASEs are measured against spot in my books.
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Necer149's Avatar
United States
457 Posts
 Posted 10/05/2014  8:28 pm  Show Profile   Bookmark this reply Add Necer149 to your friends list Get a Link to this Reply
You really just have to be smart if you're don't want to lose money. I myself fall in love with a coin at first sight, and if I can afford it, I don't care the price or how much it's worth. And yes, I do collect ASEs too. I find them to be a very interesting denomination. Mostly because of all the varieties (burnished, RP, 08 reverse of 07 etc). I picked up 10 2008 Unc ASEs since I had heard about the reverse of the 2007 variety. Ended up getting 2 out of those ten being the reverse of 07, and bang, just made a $700 profit. So as I said before, if you're doing it and you're worried about money, then you just have to jump on the good deals. Sorry for the rant...

Mark
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sel_69l's Avatar
Australia
21786 Posts
 Posted 10/05/2014  8:52 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I do not think that the grading of a common standard issue bullion coin is important. The only critical aspects to consider are the weight of the metal and it's authenticity.
Slabbing helps with authenticity, to reassure the buyer, if you are selling; there are some REALLY good fakes out there.

I cannot emphase strongly enough that grading is essential in relation to high value coins in MS60 and above, for machine struck coins. I figure this is the main reason why TPG'ers exist.

'As Struck" is the highest grade for ancient coins, but even so there are OTHER factors that affect the grade, and there other collectors that consider the 'other factors' should be added as comments. The 'other factors' are varied and numerous.

"As struck" is not a grading term in the Sheldon grading system. I guess this is one of the reasons why most TPG'ers will not grade other than machine struck coins.

I have about 1,500 ancient and World coins that are the real core to my collection. About 300 of them are over 1,000 years old.
None of them are slabbed.
For this reason, it is critically important for me to know how to grade for myself, and to have proven authenticity, especially of the more valuable items.
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coinlover168's Avatar
United States
506 Posts
 Posted 10/05/2014  8:52 pm  Show Profile   Bookmark this reply Add coinlover168 to your friends list Get a Link to this Reply
Montana, we all have our specialties. I personally (currently) collect Morgans. I never got interested in the bullion because I feel it has no value besides the metal and ASEs are too modern for me for it to have historical value and are more like bullion (besides the rare dates and varieties). Older coins on the other hand have history and are limited in quantity and condition.

Mark, where did you get the 2008 ASEs? That's a nice profit.
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