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 Replies: 11 / Views: 2,240 |
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Pillar of the Community
United States
4883 Posts |
I'll start it off with this one -  All kinds of obvious hits to the face -  Nobody should've believed this would receive a high grade, and even if it'd come back as an MS65, with nearly 130 million struck, it've been worth like $35 tops. As it is, at best maybe a $5 coin. Just a complete waste of money submitting something like this. I'm sure there're yet more egregious examples of such out there. Let's see yours. Colligo ergo sum
Edited by Lucky Cuss
04/29/2016 6:39 pm
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Bedrock of the Community
Australia
21786 Posts |
A possible quote from any TPG: 'If you want 'em graded and certified, we will grade 'em and certify 'em, just pay us our fee'. In my opinion, the potential value of a coin must justify the grading and return shipping fees. That is definitely not the case here. Perhaps as a rule of thumb, the potential value of a coin should be over $100 to justify those fees. |
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CCF Advertiser
United States
1533 Posts |
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Pillar of the Community
 United States
5828 Posts |
Edited by ChildOfTheWheat
04/29/2016 7:57 pm
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Pillar of the Community
United States
757 Posts |
I never try and guess why anyone grades anything. I have seen face value coins graded and 6 figure coins raw.  The first Kennedy shown could have been a sentimental coin that someone wanted to keep in the same condition forever. As long as I don't have to pay for the grading it doesn't bother me what is or isn't graded. |
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Pillar of the Community
 United States
4883 Posts |
I'd further remark that there's also the situation in which dealers, especially those who sell via television shows, have coins certified en masse for ease of marketing. Of course with the sort of quantities involved, I imagine their fees are sharply discounted. So you end up with all sorts of really modern non-bullion issues slabbed, and sometimes hyped with special labels, sold initially at outrageous prices, and has been mentioned, with intrinsically the Encased Coin being worth about face value on account of the enormous mintages. I have specifically in mind here material like the State & Amarica the Beautiful Quarters, Sacagawea & Presidential dollars, Westward Expansion Nickels, & Lincoln Bicentennial Cents. Maybe the proofs of these will command a modest premium, but probably not enough of one to merit an individual collector having them certified. Then there's the whole issue of ordinary versions of modern bullion issues being certified, such as is so often done with the Silver Eagles....  How much more is the above worth than a raw example (other than for the purposes of the original commercial seller)? I bought this one the other day with no special premium being attached to it, certainly for far less than it retailed for initially. Colligo ergo sum
Edited by Lucky Cuss
04/30/2016 09:30 am
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Pillar of the Community
United States
1627 Posts |
How about this one.......  I'll admit I had this one certified back in '89 because I believed it had doubling on the reverse. I got a note with it after being graded stating "the doubling on the reverse is the result of a worn die." So, I guess I paid for a little education.  |
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Bedrock of the Community
Australia
21786 Posts |
I can never understand why modern bullion coins from any country need to be slabbed.
They are much more common in high grades anyway.
Mints would never let new, less than MS 66 be sold; their customers would be very unhappy if they did.
If you feel the need to keep modern bullion coins in top condition, encase them in screw acrylic capsules.
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Pillar of the Community
United States
6130 Posts |
Never imaged it before selling it, but I once owned a 1943-P War Nickel in a Littleton pouch, graded as F-12 by their very generous standards. When it was submitted (probably late 90s or early 00s) it would have been a ~25 cent coin. |
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Pillar of the Community
Canada
2781 Posts |
you asked "why would anyone certify this?" I ask "why would anyone certify anything?" If you are buying high end coins shouldn't you know as much as the TPG? If not, you are trusting your investment to an anonymous party... kind of makes you an investor and not a collector. |
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CCF Advertiser
United States
1533 Posts |
If you want to sell a coin worth more that a couple hundred dollars, it needs to be slabbed. These days anything that isn't is suspect.
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Pillar of the Community
United States
8137 Posts |
Here's one of mine...  |
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Replies: 11 / Views: 2,240 |
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Posted 04/29/2016 7:47 pm
