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 Replies: 23 / Views: 3,636 |
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Valued Member
United States
157 Posts |
Instead of turning in this coin grading process in to something like what happened with comics and special editions and such in the 90's. Why not make it to where a coin must be, say 5 years old before you can submit it for PCGS grading? I've seen some 2014 MS69 ASE's... come on. Now I understand you still have your proof's and first strikes and such. But allowing a vendor to send in their monster box of brand new coins is business for PCGS, I know they won't adopt my idea... but to me, it would increase the rarity of higher graded coins. I don't know just an idea I had when I asked my LCS about how much they'd pay for a 2011 panda first strike MS70, they said, we just got a few of those.... But I think they might've been a different year like 2012 or 2010. I don't, just an idea for discussion... I'd hate to see the grading go the route of comic book special editions where everyone and their mother has everthinggraded! LoL, now I know that's exaggerated, so please don't take every word for face value, there is some sarcasm in there, but my idea, I don't know, I kind of like it. |
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Moderator
 United States
23522 Posts |
Intellectually I have to agree with you because I don't collect Moderns.  These days the whole TPG system is Modern-oriented, though. Grading fresh issues amounts to the large majority of their revenue because that's what their customers are selling. There are relatively few Classics left unslabbed, and they can never again be a majority revenue stream. In fact, the argument can be made that the card/comic grading industry was built on the model of coin grading. |
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Valued Member
 United States
157 Posts |
Of course it was adopted, the same companies who grade your coins grade comics.... I'm a comic collector as well. That's why it was adopted over, more business. I know that it wouldn't happen, because like I stated, it's big business for them to grade everything thrown at them, but in the process they may eliminate themselves once the classics have run dry. In 20 years, who's gonna care about an ms69 slabbed ASE, when everyone is buying tubes of them now and just letting them sit? They should set some standards, I know money is money, and that's why I had to pull some things before I bought that gold yesterday. Oh well, I'm just me. |
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Moderator
United States
187702 Posts |
Not being a fan of graded (slabbed) coins should mean I have no opinion on your solution. However, the truth is that my opinion does not matter since the market has already established what it wants.  |
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Bedrock of the Community
United States
17884 Posts |
In some respect it is actually an old idea. When NGC started back in 1987 they were not grade anything after 1964. They didn't start grading moderns until the 90's because they were losing the market to PCGS.
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Valued Member
United States
157 Posts |
hmmm... interesting conder. I didn't know that about NGC. I can take or leave slabbed coins, I'd rather have more silver, unless it's a coin that I just cannot live without.
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Pillar of the Community
Canada
2781 Posts |
if the mints were smart they would send the coins to be graded themselves and sell at even more of a premium
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Valued Member
United States
157 Posts |
But I think that would make it to where they were only wanting to put out ms70's since they get more for them, and change out the die's more often in order to get a premium on it, which in turn would drive up the price of premiums and such. I don't know, I guess I'm the only one who see's something to it. like today at the coin shop, I saw a 2011 ms69 ASE............? It looks just like the one in my tube where I keep my coins. Now older coins are perfect for grading, but it's 8 seconds a person to give it a look and decide a grade, which could make or break your coins value by hundreds or thousands. |
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Moderator
United States
187702 Posts |
Quote:
if the mints were smart they would send the coins to be graded themselves and sell at even more of a premium Even better, the TPG could come in to sort and grade as they come off the line. |
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Moderator
United States
23522 Posts |
How, exactly, can the creator of a thing then be trusted to offer a neutral third-party evaluation of that thing? 70 is the expectation for Modern NIFC coinage, not the exception. 70 isn't difficult any more. It's just apparently difficult to see, because the TPG's habitually put marred coins into 70 slabs. |
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Moderator
United States
187702 Posts |
Exactly. It would be an easy job. Sort out the few mistakes and errors (slab them as such), give the rest an automatic 70. Done and done. Mint makes bank! (Queue rim-shot or sad trombone, your pick.)
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Pillar of the Community
United States
7390 Posts |
Isn't that a kin to the mint becoming coin dealers in the 60's with the gsa and the ethical uproar that caused? Or am I not making sense?
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Bedrock of the Community
United States
20753 Posts |
I like it the way it is. I really get a kick out of coin shows where some dealer has a bunch of slabbed coins such as a 2014 Lincoln Cent. And graded as MS-62. Sure get some laughs out of those. |
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Pillar of the Community
United States
1314 Posts |
There are lots of markets I think are foolish, but I don't want to curtail them. As my wise brother says, "If everyone wanted what I want, it would just drive up the price.
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Pillar of the Community
United States
767 Posts |
Well, companies like pcgs, ngs, whatever are useful for authenticating rare and valuable coins, and coins that are commonly conterfeited. In my opinion, their usefulness stops there.
How much more is a 2014 MS70 silver eagle worth than a 2014 MS69 silver eagle again?
All of my coins are in carboard flips by the way.
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Moderator
United States
187702 Posts |
Quote:
Isn't that a kin to the mint becoming coin dealers in the 60's with the gsa and the ethical uproar that caused? Or am I not making sense? Yes. To be clear, I am only kidding. I do not want the mint and TPGs to initiate anything like this. If they did...  |
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Replies: 23 / Views: 3,636 |
Posted 03/19/2015 2:10 pm
