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 Replies: 22 / Views: 3,252 |
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Pillar of the Community
 United States
1283 Posts |
Thanks for the advise guys. I think I am going to stick to the 'big three' when I'm buying the higher end coins. One last question: what is the general price range of coins that begin to get graded? Obviously nobody is going to send a $25 coin to be graded.
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Bedrock of the Community
United States
20753 Posts |
quote:
Originally posted by USArmyParatrooper
Thanks for the advise guys. I think I am going to stick to the 'big three' when I'm buying the higher end coins. One last question: what is the general price range of coins that begin to get graded? Obviously nobody is going to send a $25 coin to be graded.
Oddly enough I've seen numerous coins that are worth only a few dollars that someone had graded and are slabbed. Many by organizations like PCGS. If someone sends in a coin for grading, grading services don't care if it is worth 5 cents or 5 million, they grade it, slab it and send it back. At coin shows I see them all the time and always wonder why someone would do that but there they are. I recently bought a slabbed and graded 1962 Lincoln Cent that was MS60 for $0.50 just for the fun of it. I go to about 3 coin shows a month and see just about everything possible with coins lately. As to the value of coins on places like ebay, A kid I know showed me a $5 Gold peice he bought on ebay for $5. It turned out to be real. The funny part of the deal was the buyer paid for the postage also. You just never know. |
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Pillar of the Community
United States
751 Posts |
quote:
Originally posted by USArmyParatrooper
One last question: what is the general price range of coins that begin to get graded? Obviously nobody is going to send a $25 coin to be graded.
You must not have seen this thread: https://goccf.com/t/8619 |
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Pillar of the Community
United States
2365 Posts |
quote:
Originally posted by USArmyParatrooper
quote:
Originally posted by TwoKopeiki
The "catch" is that the grading company is ANI. You can read about them on the TPG forum here:
https://goccf.com/t/7366
Wow. I feel much better about "missing" a bidding opportunity. So pretty much I should ignore any TPG companies besides PCGS, NGC, and ANACS?
I'm glad that you feel better about missing this opportunity. Although it looks like a very nice coin and worth the bid, it's better to be cautious when inexperience is in your portfolio on grading, TPG's etc. The seller looks to have very good "feedback" and I didn't see anything that would suggest inappropriateness on their sales and so forth...ie: reasonable shipping, no out of the ordinary claims ANI has received such negative "press" (so to speak) that I too am cautious about their grading expertise. Yes, stick with the top 3 until you are comfortable with your own grading skills...atleast to the point where you can feel close to correct. Grading skills are just that..."skills". I too am not even close to being an "expert" but, the Photograde and others are excellent references as mentioned in the thread. Hopefully, there will be other opportunities for you! Our family forum is always here, just maybe not within 20 minutes for an accurate opinion. Thanks for asking this though. We all learn from one another. |
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Valued Member
United States
218 Posts |
quote:
Originally posted by USArmyParatrooper
quote:
Originally posted by TwoKopeiki
Until you learn to grade accurately yourself and have to rely on a TPG - yes. I know you've heard this many times already, but I will say it again ... and again ... and again - buy the coin, not the slab.
BTW, here's another post about "ANI" grading:
http:// (046) Not Allowed - Auto-Removed &threadid=492007&highlight_key=y&keyword1=ANI
The thing is, I don't feel confident grading on my own. At the same time I would like to build a nice portfolio of coins, and I don't want to "invest" in a coin by paying for an overgraded price. I really like old coins, and I more or less look at them as a way to put money away in a manner that I ejoy.
You NEED to find a dealer you trust who will be able to provide some guidance for your collection. Investment in rare coins requires one of 3 things; great luck, very good skill, or a skilled dealer's guidance. Unfortunately rare coins rarely make a good investment vehicle since they tent to experience prolonged down cycles between smaller boom cycles (we are currently in an unusually long boom cycle, which some think is ending). The problem with buying random high grade coins is quality. No 2 coins are identical, and a skilled dealer can guide you in which coins are "solid for the grade" and which are "premium for the grade" and which are downright dogs in a maxed out holder, that will always be dogs. Even buying big 4 coins only will not insulate you from this problem! All 4 have coins that run the gammut from dogs to premium in their holders. Only someone skilled can tell the difference (which you obviously aren't yet), but when it comes time to sell you can bet that the market will discount the poorer coins and place a premium on the true quality coins. Be prepared to pay strong money (sometimes more than the published prices) for the best quality, but in the long run you will be rewarded for your insistance on quality. |
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Pillar of the Community
United States
1283 Posts |
quote:
Originally posted by dsking
quote:
Originally posted by USArmyParatrooper
quote:
Originally posted by TwoKopeiki
The "catch" is that the grading company is ANI. You can read about them on the TPG forum here:
https://goccf.com/t/7366
Wow. I feel much better about "missing" a bidding opportunity. So pretty much I should ignore any TPG companies besides PCGS, NGC, and ANACS?
I'm glad that you feel better about missing this opportunity. Although it looks like a very nice coin and worth the bid, it's better to be cautious when inexperience is in your portfolio on grading, TPG's etc. The seller looks to have very good "feedback" and I didn't see anything that would suggest inappropriateness on their sales and so forth...ie: reasonable shipping, no out of the ordinary claims
ANI has received such negative "press" (so to speak) that I too am cautious about their grading expertise. Yes, stick with the top 3 until you are comfortable with your own grading skills...atleast to the point where you can feel close to correct. Grading skills are just that..."skills". I too am not even close to being an "expert" but, the Photograde and others are excellent references as mentioned in the thread.
Hopefully, there will be other opportunities for you! Our family forum is always here, just maybe not within 20 minutes for an accurate opinion. Thanks for asking this though. We all learn from one another.
The seller has no negative feedback, but there's a couple things I don't like/trust. He lists it as "MS-66 Trends $3500". I'm quite sure he knows with ANI grading it's probably much lower, and it's (definately) not worth $3500. To me it just shows a willingness to decieve. |
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Valued Member
United States
179 Posts |
Yep, and who in their right mind would put up a coin truly worth $3K plus with no reserve and let it go for $200? This seller is no beginner, sisnce 2000, so the old adage must rule here, It IS too good to be true...not much is free in life.
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Replies: 22 / Views: 3,252 |
First Page
Posted 10/17/2006 07:28 am
