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 Replies: 15 / Views: 2,061 |
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Pillar of the Community
Canada
1751 Posts |
Poll Question
I have noticed the past couple of years a trend of sellers with graded modern nclt coins. Its mainly the larger dealers like MCM CA and now I noticed Gatewest. It does seem like the MS70s can fetch a huge price.
I picked up a handful of grade silver dollars at great prices. I was also getting very paranoid about counterfeits. I also started thinking it might be easier to sell, when my son has to sell my collection, since the amount of fakes is increasing.
I always thought there shouldn't be a grade difference with modern nclt coins, due to the minting process and inspecting of coins. Is this just a money grab by the grading companies. How big is the difference between MS 69 MS70.
I am interested in what others have to say on the subject.
Question Do You Collect Graded NCLT coins.
Edited by pocket change 50
01/03/2016 10:22 pm
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Valued Member
Canada
299 Posts |
Hi pocket change 50,
I mainly collect decimal coins but there have been several NCLT coins that I've liked and purchased. These all go to get hard slabbed, mainly because I really dislike all the packaging. I tend to look at them more often, especially some of the sets together and they seem to take up less storage.
You need another poll choice....Do you buy 'raw' NCLT and send them for grading? I avoid buying slabbed NCLTs, although there are exceptions as always, because of the price they seem to demand. I also send them to CCCS for hardslabbing or ICCS if I'm going to stick it in a binder. With these two Canadian companies I seldom have seen any NCLT grades higher than a 67, odd time a 68. NGC and PCGS seem to consistently come up with 68s to 70s...different grading standards I suppose.
Anyway...I tend to avoid buying slabs as I can get the NCLT in the original cases easy enough, lots of times way cheaper than issue price. When I send them in for hardslabbing with CCCS, I can usually expect a 66 - 68 grade.
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Pillar of the Community
Canada
6768 Posts |
I might buy graded coin as "no other option", but then will extract the coin from the slab. Example: 2014 1oz SML from fractional set 2015 1oz SML from fractional set Rare case (for me): Picked up (market price) graded 2014 USA Kennedy half dollar (was part of 4-coins set 1964-2014). The coin has black retro-slab with Kennedy picture on it,so I've decided to leave it as it is - it will be "less impressive" raw in capsule. |
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Valued Member
United States
106 Posts |
NCLT - are these like souvenir coins?
is there a market for them?
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Pillar of the Community
 Canada
1751 Posts |
Trimble I added the raw option, and great feedback. My graded ones I bought those special pages, so I can view them side by side. I had thought grading was primarily for decimal coins. however the past 2 yrs there's more and more graded coins on the market. I don't understand why the Canadian graders are lower than US counterparts. I hope slabbing will stop the toning process, especially on my gilded dollars. I accidently got into buying the slabbed, when talking to a well seasoned collector that felt it was the way to go.
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Pillar of the Community
Canada
1751 Posts |
@Hnry,  to CCF, there is a lot of great info here. Nclt means non circulating legal tender coins, or commemorative collector coins, produced by the different world mints. There are many experienced collectors here. You will learn an amazing amount by reading the various threads or posting your own questions. Sometimes what I read raises other questions for me. So I end up posting many threads for discussion. Regarding a market. It was strong back in 2012, with many people flipping. The past year it has really softened with many selling below issue. This is when I noticed the rise of graded nclt coins. You would need to look at ebay solds to answer the market question. I am hoping to learn more from other posters here. Edited by pocket change 50
01/03/2016 10:43 pm
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Pillar of the Community
Canada
1269 Posts |
I do not collect any coins in slabs. I bought one coin in a slab and I freed it from its plastic coffin with a hammer.
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Pillar of the Community
Russian Federation
5172 Posts |
Count me in as "only if it's a bargain".
I don't collect slabbed anything - I'm tired enough of 2x2s - but I want to get at least one slab for my collection just to have one, and a slabbed NCLT might be one of the cheapest options (I just don't really have the money for typical slabbed coins).
As for the difference between MS70 and MS69, as far as I can tell, it's pretty much just advertising. (I wouldn't use such extreme words as "money grab by the grading companies", but that does describe the situation fairly well.)
The Sheldon scale wasn't made to work with modern (carefully made) NCLT - it was intended for early large cents, where MS anything is rare, and the MS70 grade was a theoretical ceiling of "perfect condition"; it's kind of silly to actually have to use that grade, but I guess that some NCLT examples really don't have any visible imperfections.
However, MS69 is already borderline perfect; the sort of imperfections that bump a grade "down" to MS69 are usually not visible to the naked eye either (you'd need a good magnifying glass).
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Pillar of the Community
Canada
2366 Posts |
My impression is that this is more of a US thing. Possibly driven by registry set competition? But, as you say, it's now expanding in Canada with Colonial (and others) selling a significant number in the last year or so. Personally I'd pay the same as I would for a coin in a regular case. Definitely wouldn't pay the premium for a '70' but I can see the appeal that would entice others to pay it. For me the NCLT side of our collection is more about ensuring the set/series is complete and save the money to get the highest grade we can on the circulation side.
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Pillar of the Community
United States
3789 Posts |
I voted "only if is a bargain".
you are right PocketChange50, there is a trend to find on the secondary market, a lot of these coins slabbed and graded. I think the main reason this is done is to get the coins to move faster in the hopes that people will particiapate in an auction on a slabbed coin.
I personally like finding coins I like slabbed at PF69s because the price gets depressed and limits how high it can go in an auction.
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Pillar of the Community
Canada
1751 Posts |
I just still trying to get my head around slabbing current nclt coins, as they should all be close to, if not MS70. Then you get the Canadian graders maxing out at MS68. Why the difference between the 2 countries. When I was new to collecting, my brain wanted to explode pondering this question. I agree its pointless to grade bullion, after finding graded maples with milk spots. I had thought the slab offered protection. It seems no matter how you protect a maple, spots may still appear.
Are registry set a really big thing in the states. I know one collector that is big into it.
Edited by pocket change 50
01/04/2016 11:04 pm
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Valued Member
Canada
299 Posts |
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Pillar of the Community
Canada
1751 Posts |
Oh God, I've another question. I know silver maples get spots. I never heard if gold or other maples get milk spots too. @ trimble thanks for posting your picks, I have never seen examples of those two coins. Now I want a gold maple, will wait for spot to drop more. Those are cool coins, didn't know there was a platinum maple. The more I read the more questions spring to mind!!
Edited by pocket change 50
01/05/2016 12:02 am
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Valued Member
Canada
299 Posts |
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Pillar of the Community
Canada
1751 Posts |
Those autumn colors are stunning! I thought those were sold as nclt coins. I guess I learned something new. I wouldn't of guessed these would develop spots. I remember tracking these in 2012 and they were pricy. Still a desirable set.
I have 2sets of coloured wildlife bullion. This was prior to learning about dreaded spots. I haven't seen them for a year, rather scared to see if the queen has spots. Photos definitely make a thread fun.
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Valued Member
Canada
299 Posts |
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Replies: 15 / Views: 2,061 |
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Posted 01/03/2016 10:23 pm
