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How Much Faith Do You Put In Grades From Slabbed Coins

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Conder101's Avatar
United States
17884 Posts
 Posted 08/10/2011  5:42 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Spotted, fingerprinted, bag marks, circulation marks...are not MS coins.

Again....my humble opinion.

So you feel there is only one MS grade...MS-70.
Pillar of the Community
United States
1590 Posts
 Posted 08/11/2011  2:29 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
Conder101 that is funny! I wish I could express how funny I found that comment and how much I agreed with your sentiment!
Pillar of the Community
Kopper Ken's Avatar
United States
3402 Posts
 Posted 08/11/2011  4:09 pm  Show Profile   Bookmark this reply Add Kopper Ken to your friends list Get a Link to this Reply
Learn to grade coins yourself. If a person takes the grade given by a TPG as gospel they will surely be disappointed. There is so much collusion between some TPG and large submitters that a kilo, not a grain of salt is needed to accept what is written within the slab.

Someone wants you to buy his MS-63 coin but you see wear on it. Can that coin really be MS? Are you going to doubt your ability to grade or some slunk in his basement or one in a boiler room operation grading coins all day long.

KK
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glenzy1's Avatar
Canada
1554 Posts
 Posted 08/11/2011  7:25 pm  Show Profile   Bookmark this reply Add glenzy1 to your friends list Get a Link to this Reply
I read a lot of negativity over T.P.G. coins, however, just think for a second that we are all Mortals. Our death can come in a very untimely fashion and most coin collectors do not have any next of kin to leave their collection to. Simple reason is that this Hobby is slowly dying and the next Generations coming up can't afford to partake in The Hobby of Kings! Kids today are more interested in Facebook, texting, X-Box 360, and doing drugs.
Therefore, this is why I stress T.P.G. graded coins are important, so who ever takes possession of your Hobby once you kick the bucket will have an easier time in deciphering what your Collection is worth. You would roll over in your grave if your next of Kin was given a fraction of what your collection was worth by a con-artist dealer.
And we all know there are lots of them around just waiting to prey on the misinformed.
So for a few bucks, it would be worth your while to slab your piece(s) if it has any value, at least this way when you are 6' under You can R.I.P.

Glenn
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BadThad's Avatar
United States
19951 Posts
 Posted 08/12/2011  11:14 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
HAHAHAHA....that so true Glenn! Really, those are the main reasons I have certain coins slabbed, especially my key dates. When I kick the bucket I don't want my kids to get ripped-off. Being in slabs at least they will have some idea of the value.
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GTALLEN's Avatar
United States
315 Posts
 Posted 08/12/2011  2:18 pm  Show Profile   Bookmark this reply Add GTALLEN to your friends list Get a Link to this Reply
I see that in a few places that posters have mentioned the "top 3 TPGs". What are the top 3? Because when I buy a slabbed coin (which is seldom)I look for NGC or PCGS. Also, I have seen a lot of slabs from ANACS, but have only purchased one and I cracked it out for a Dansco Walking Liberty book.

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jbuck's Avatar
United States
188560 Posts
 Posted 08/12/2011  2:43 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
...who ever takes possession of your Hobby once you kick the bucket will have an easier time in deciphering what your Collection is worth.
Call me a jerk, but if whoever inherits my collection is only concerned about what it is worth, then they deserve to get as little as possible for it.
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