Lincoln - U Vs PCGS - Page 2 - Coin Community Forum

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Author	Replies: 20 / Views: 2,534	Page: of 2

j_h_s Pillar of the Community United States 1934 Posts	Posted 12/28/2007 06:57 am Metalman said, "I know collectors who could not grade a PO-1 coin and get it right,, because they rely solely on the plastic to tell them what they have ." A sage observation, thank you. Jim Report this Post to the Staff
Jim1953 Pillar of the Community United States 2600 Posts	Posted 12/28/2007 08:54 am A sad observation, but true. I go to estate coin auctions, let a slabbed coin graded MS-1,323 in a alphabet soup labeled holder show up and some guys can hardly stand-up. I know I am not buying that coin. Jim Report this Post to the Staff
Metalman Pillar of the Community United States 7123 Posts	Posted 12/28/2007 09:50 am I see the same thing all the time ,, and exactly the reason why an MS-65 in a PCGS slab cost a large percentage more than a raw coin which may grade higher . no matter what anyone tells you about buy the coin not the plastic ,,once inside the slab they are in seperable in the pricing of the coin . quote: A sage observation, thank you. Jim It is actually an obsevation formed over quite a few years of resisting the allure of the TPG in the market place . the value of my collection based on my grades in TPG holders would more than triple ,, this makes no sense to me if the value is in the coin and not in the plastic . Metalman Report this Post to the Staff
Jim1953 Pillar of the Community United States 2600 Posts	Posted 12/28/2007 10:03 am Rick, I guess many see a slab as a form of insurance. They cannot grade for themselves which means they have been burned in the past. Subsequently, they are willing to pay a premium to guaranty the coin and the grade. This is why an inconsistent grading by any TPG is usurious. When people are willing to accept the image you put out as an authority on a subject, you have a responsibility that goes far beyond "oops, I missed that one. Jim Edited by Jim1953 12/29/2007 1:32 pm Report this Post to the Staff
Metalman Pillar of the Community United States 7123 Posts	Posted 12/28/2007 10:36 am Jim that is so true and the example above graded 2 or 3 points high ,,is a very good example ,not only would the purchaser not be getting what is represented by the slab ,but it also skews the pop reports and census accounts for the Date and mint mark . Report this Post to the Staff
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