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 Replies: 8 / Views: 3,247 |
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Valued Member
United States
139 Posts |
I have been looking at coins on ebay, and I have noticed that alot of graded coins go for well below what their list price is. Are these good buys, or are these coins really over graded? If they are over graded, how can they get away with it? |
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Rest in Peace
United States
3039 Posts |
What coins are you referring to ? Real coins or MS 69 or 70 bullion pieces of metal. I call them that because that's all they are. They don't circulate so I don't consider them coins. Anyway those high MS graded "coins" are a joke. With modern minting techniques those grades should be the norm and not something great. As far as real coins, it appears that the TPG services standards have really lowered because of the high number of submissions and high expectations from submitters. MS 65 or 66 used to be the hoped for grade, now they're left in the dust by 67s & 68s, grades once thought unattainable.It's also a money thing. If grading service A doesn't give a desired grade, the submitter resubmits to service B, C, D, etc. until someone gives him what he wants. So why shouldn't service A do it in thefirst place. It's good for business, bad for the hobby. Now back to your question-it's either supply and demand or a glut of overgraded or shouldn't have been graded in the first place items that keep some prices low. Hope some of my ranting helped. |
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Moderator
 United States
23522 Posts |
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I have noticed that alot of graded coins go for well below what their list price is. "List" price? That term does not parse in numismatics. Only buyers "set" prices for coins, and published lists are pretty much wishful thinking on the part of the publisher. In addition, ebay is clogged with self-slabbers throwing pocket change into plastic and calling them "graded." Trust no slab that does not say PCGS, NGC, ANACS, ICG or SEGS on it, and question even them anyways. |
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Valued Member
United States
284 Posts |
I think slabbed coins are a bit overrated. Standards are not universal, and they can even change depending on the mood of the group of graders. It seems like you are buying the sticker and plastic more so than the coin.
-- Boris
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New Member
United States
20 Posts |
i asked a similar question in a topic I called,"i dont get it". got some inteligent, and some not so mature replies. all in all, it's a hobby. price depends on how strongly you feel about buying and selling the coins of your choosing. I'm a newby, so I might be wrong, but that's what I'm collecting here.
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Valued Member
United States
317 Posts |
I think it depends on many different factors. One reason that graded coins might sell pretty low is if they're slabbed by one of the less reputable grading services, such SGS. Also, many collectors don't care for graded coins, and only buy them if they're a good deal or if it's a coin that heavily counterfeited ( such as an 1893-S Morgan, or a 1916-D Mercury dime). In these cases, many collectors will purchase slabbed pieces, but only as a means of making sure they're money is going into a genuine coin. I'm kind of in the middle on this. I like graded coins, but usually only if I send them off to be graded myself. I definitely buy the coin and not the slab. I tend to have all my keys slabbed because the slabs are good for preservation and authentication, but I also like the looks of some of the holders. |
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Pillar of the Community
United States
615 Posts |
How much does it cost to get something graded? I would want the FSB for the Mercury dimes and FBL on the Franklin, but I would guess all the services would grade it as such if it deserved it. -SWUSC |
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Moderator
United States
16677 Posts |
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Trust no slab that does not say PCGS, NGC, ANACS, ICG or SEGS on it, and question even them anyways.
.  swcoin.ecrater.com
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Pillar of the Community
United States
1291 Posts |
ebay will actually de-list your item if they detect that you are using one of the not-too-trustworthy grading services. Actually, you can still show and sell the item, you just can't reference the acronym, like MOGS (My Own Grading System) in your title or description. Interestingly, SEGS is NOT on their "preferred list". The other four that SuperDave referenced are on there, but they also allow another one known as PMG.
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Replies: 8 / Views: 3,247 |
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Posted 02/25/2009 08:01 am
