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 Replies: 11 / Views: 4,101 |
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Valued Member
United States
408 Posts |
I guess it was only a matter of time. David Hall, the founder of PCGS, is now signing his name on the slabs like Mercanti, Moy, etc. The label states that the coin contained in the slab was verified by David Hall himself. Most places are setting the price at over $100 because it is limited to only 693 units. I have to ask the question. Does anyone think this violates any sort of ethical standard? Also, does anyone think that this is a good investment? I mean, he is a founder of PCGS, so he could always jack up the prices of his slab. They have done something similar before. https://web.archive.org/web/20121107095124/http://www.nytimes.com/1990/08/17/b...mplaint.htmlFinally, if the silver eagle contained in the slab gets milky spots on it, do you get to throw the slab at David Hall? I'm kidding. Edited by joeysanders627
09/14/2016 03:54 am
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Pillar of the Community
United States
1027 Posts |
This is "buy the label, not the coin" taken to absurdity. In my personal opinion, if the coin loses value because it becomes separated from its label (all other factors staying the same) then it never had that value in the first place. I know that there people who put value in labels like "FIRST STRIKE", "EARLY RELEASE" and signed labels but I am not one of them.
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Valued Member
 United States
408 Posts |
I spoke to my father about this. He was a very influential person in the federal reserve before he retired. He has always been a very intelligent man when it came to money and bullion as an investment.
I told him about how much more a Mercanti signature can cost. He looked at the picture of one. He looked back up at me and stated, "It's not on the coin. What does it matter?" He basically said it is all about marketing something to make it more expensive than what it is. I have to agree.
Let's say his initials or signature was engraved into the coin somehow and released as a limited edition of around 100 to 1000 coins, that is something I would definitely try to get my hands on. As it stands now, it is just a signature on a slab with the same pure silver coin. That does not make the coin special. It certainly is not a limited edition coin.
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Pillar of the Community
 United States
4591 Posts |
Your first link is broken.
What does a 1990 consent decree - admitting no liability and agreeing to add a disclaimer that coins could lose value - have to do with this.
Yes it is garbage.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Valued Member
South Africa
331 Posts |
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Pillar of the Community
United States
4211 Posts |
 joey and I agree. Must ado about nothing to me when it comes to all these labels. I prefer my coins in my albums anyway but obviously there are many that seem to gravitate to these types of things. |
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Bedrock of the Community
United States
17884 Posts |
Someday I hope people will remember that they are COIN collectors.
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Moderator
 United States
188213 Posts |
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Someday I hope people will remember that they are COIN collectors. So do I.  |
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Pillar of the Community
United States
1211 Posts |
Conder hit the nail on the head. We are heading back in the direction of the "beanie baby era". We are placing value on things that have no real value at all. When will people realize that you can put whatever label and piece of plastic you want around/associated with a coin. But the coin remains the same, unchanged no matter what you do with it.
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Valued Member
Canada
393 Posts |
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But the coin remains the same, unchanged no matter what you do with it The only time this makes sense to me is when attributing a pedigree such as Saddle Ridge Hoard, legendary collector or perhaps a famous designer. My understanding is that TPG companies are supposed to be unbiased and independent, so what's the appeal with the added signature? I wouldn't pay more for a holder signed by Brian Cornwell of ICCS than one signed by his staff of graders. Edited by Proof Nut
09/15/2016 9:59 pm
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Moderator
United States
188213 Posts |
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The only time this makes sense to me is when attributing a pedigree such as Saddle Ridge Hoard, legendary collector or perhaps a famous designer. I can accept that reasoning. Provenance can add value sometimes. |
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Bedrock of the Community
United States
17884 Posts |
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so what's the appeal with the added signature?
Especially when the signature really has nothing to do with the coin. |
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Replies: 11 / Views: 4,101 |
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Posted 09/14/2016 05:00 am
