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 Replies: 8 / Views: 2,358 |
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Pillar of the Community
Canada
798 Posts |
Okay, maybe this has been a topic already but I can't find it. So I have been buying and selling numismatics for about 5 years now. My niche is dealing with NGC and PCGS graded Canadian coins. One thing I have noticed, is that MANY PCGS and NGC PF70/MS70 items undergo surface alteration in the holder over the years.
Granted, any spec of anything that touches the coin before encapsulation will be visible in the years to come. Whether it be water droplets from someone's breath, a small piece of dandruff, a cotton fibre, a minute droplet of cleaning agent ... what have you. Ag is very reactive, especially in the presence of sulphur, and this chemical reaction will occur on the surface of the coin until the reacting element is completely consumed.
So what does this mean for the value of PF70/MS70 coins? If you hold these coins for a decade or so, you can pretty much guarantee that the coin will turn in the holder. Will this INCREASE or DECREASE the value of the coin over time?
A decrease is possible if collectors are disappointed with the fact that the coin does not match the grade, however the price of the coin will INCREASE if as time goes by, it becomes virtually impossible to attain a PF70/MS70 grade on those coins. For example, if you submit pre-2005 Canada NCLT Proof Commemorative coins at random, you are probably lucky to get 1 PF70 for every 15 submitted. If you try the same with coins struck pre-1988, chances are 1 in 100.
So what are your thoughts?
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Pillar of the Community
Canada
1192 Posts |
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So what are your thoughts? There is no such thing as a perfect coin, regardless of what a label says. |
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Pillar of the Community
Canada
1747 Posts |
NCLT Should not be Graded Period. I think people will wake up and realize that it makes no difference.
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Pillar of the Community
Canada
5324 Posts |
Once milk spots hit they are not 70 grade coins.
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Pillar of the Community
United States
1511 Posts |
"There is no such thing as a perfect coin, regardless of what a label says."
^^^^ First and foremost... this... times 100!!
"NCLT Should not be Graded Period. I think people will wake up and realize that it makes no difference."
and then this ^^^ lol
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Pillar of the Community
 Canada
798 Posts |
As much as you all may not like graded NCLT coins, they are the only part of the coin market that continues to thrive and appreciate in value.
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Pillar of the Community
Canada
1463 Posts |
There's folks out there that collect stabbed modern proofs and such, so if there's a market, they shall have them. though I personally agree I have zero interest. I do agree it's unfortunate that the surfaces can tarnish inside. Get rid of them quick is my first thought.
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Pillar of the Community
Canada
798 Posts |
The Registry Sets are an important part of grading NCLT. If you are competing to build the 'greatest set', and perhaps it takes you 15 years to really nail down a set. If you find 'that low pop PF70 coin', you will pay whatever it takes to get it.
Talk to Todd Sandham of Colonial Acres. There are 3 'Big Money' NCLT collectors on the NGC Registry sets. Todd specifically seeks to fill their registry holes and probably sells $15K a month to the three of them. The collections are Dan Hughes, Martens and Augustus.
I do the same, but mostly on new issues and bullion items. The same ten customers account for a good part of my sales, and in return they are building the greatest collections of NCLT in terms of grade and documented completeness.
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Pillar of the Community
Canada
6768 Posts |
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There are 3 'Big Money' NCLT collectors on the NGC Registry sets. More money you have to spend, more the collection hobby became like game "search and buy". While if you limited in the budget you have to scarify some purchases towards another, learning more about planned acquisitions. |
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Replies: 8 / Views: 2,358 |
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Posted 01/08/2016 7:17 pm
