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 Replies: 12 / Views: 4,329 |
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Valued Member
United States
125 Posts |
I'm curious on what the community thinks about 'top pop' coins and the premium attributed by respective grading companies. Should purchases be made based solely on this? My intent is to build a collection that gains value over time.
Thanks!
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Pillar of the Community
 United States
2843 Posts |
Top Pop premiums are in my opinion a risky thing to pay for if you are after long term investments. You are relying on  No other coin grading equal or higher in the future. You can never resubmit the coin. The TPG in question needs to stay in good standing with the collecting world. Lastly, you are relying on the coin really being the assigned grade. |
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Pillar of the Community
7234 Posts |
Coins may develop problems after grading. The only Lincoln Cent that was graded 70 had to be dropped to a 69 grade as it developed a spot after the first grading. |
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Bedrock of the Community
13014 Posts |
Really just depends what series and years you're talking about. Quote:
You can never resubmit the coin. You can do reconsideration or regrade with PCGS if you feel it's undergraded Quote:The TPG in question needs to stay in good standing with the collecting world. Won't be an issue for PCGS or NGC. Just don;t buy an NGC one like its a PCGS one |
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Pillar of the Community
United States
2843 Posts |
Quote:Quote:
You can never resubmit the coin. You can do reconsideration or regrade with PCGS if you feel it's undergraded My point being that if you wanted to cross over or resubmit, you would mess up the top pop status. The consensus numbers do not decrease with crack-outs. Quote:Quote:The TPG in question needs to stay in good standing with the collecting world. Won't be an issue for PCGS or NGC. Just don;t buy an NGC one like its a PCGS one Once again to clarify, just like it is known that OGH are generally undergraded, a future gradeflation may decrease interest in top pops of a TPG. |
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Bedrock of the Community
United States
94367 Posts |
Top pops usually don't stay top pops for ever.
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Rest in Peace
United States
17900 Posts |
The coin is what makes the difference. In this past year I've paid 20-30% over the "common price for the grade" that are one step below top pop simply because the coin is so outstanding that it will always have a huge following when offered for sale.
Many of those coins were multi-thousand dollar purchases, so they were not run of the mill. If you do not know a series, there is every chance that you will buy "bargain top pop". That usually means that the seller knows something you don't.
You are much better off doing a best you can afford type set. Those will always have a following and strong prices as there are so many who collect in that fashion.
If you can afford top pop for tougher type - go for it. But my own experience has been that the best increases in value are achieved for the next step down to top pop. None of the insanity for best registry.
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Moderator
 United States
23522 Posts |
I have a 1910-S Lincoln which is Top Pop in the color. In the year-minus I've owned it, the Pop in grade has gone from 13 to 16. I'm looking to trade out from under it; even if the new Pop is resubmissions (likely), it's bound to eventually dilute value.
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Bedrock of the Community
13014 Posts |
Quote:
My point being that if you wanted to cross over or resubmit, you would mess up the top pop status. The consensus numbers do not decrease with crack-outs. Reconsideration or regrade won't up the census with PCGS. If it upgrades they move where it counts and if it's the same they stay the same. Only a true crackout and raw resubmission without returning the label would up the number |
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Pillar of the Community
United States
992 Posts |
The rule is, buy the coin, not the grade. I don't have the means to buy MS 68 and 69 coins, and choose not to do so, so take my advice with a big grain of salt.
The current market has a lot of room for top pop coins, and ample buyers. As long as that remains the case, investing in one grade over another is advised. As long as you're well aware that MS 70 Anthony Dollar can lose big bucks when a bit of spotting drops it a grade, you should be OK.
I would ensure your storage area is up to snuff as to environment, temperature, humidity, etc.
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Pillar of the Community
United States
1839 Posts |
In a nutshell this Quote:
Top pops usually don't stay top pops for ever. |
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Pillar of the Community
United States
7375 Posts |
Top pops are fun to own, but I wouldn't pay top dollar for them. More are being discovered all the time.
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Pillar of the Community
United States
992 Posts |
If all collectible coins were graded, you would see a true Bell curve in the populations of the grades. As it is, mainly the better coins become graded, so the curve is really only a fraction of the true population variability.
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Replies: 12 / Views: 4,329 |
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Posted 11/06/2017 2:07 pm
