What do you think about Rick Snow's Photoseal?
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What do you think about Rick Snow's Photoseal?
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my .02
When I first started in the hobby, it took me a while to realize what a good, to better, to much better example of a particular coin should look like. So, if I would have stumbled on this type of thing 25 years ago, I probably would have gone through less dogs at the time.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
We'll use our hands and hearts and if we must we'll use our heads.
Like all graded coins some photosealed coins are nicer than other photosealed coins. Rick has also been known to unphotoseal a coin when its appearance has deteriorated over time.
<< <i>That, at least to me, makes no sense. >>
I believe Coinnut1799 was making the point there is the potential for a conflict of interest when someone "grades" and sells their own coins. Yes, he will photoseal other coins also, according to his web site. I'm not saying it's a problem with snow (unlike the Hagers and their cronies), just that it could been seen that way.
His post makes sense. Obviously, Snow's reputation tends to neutralize any negative perception - not the case with some others.
Thank you for your comments. I was not trying to be at all critical of Rick Snow. I have bought coins from him and sold a coin to him. He takes the time to speak with customers at shows, and is extremely helpful and professional. On top of all that, he always has some incredible coins in his showcase.
However, if a coin warrants a premium if it has the Eagle Eye seal of approval, and he is both the arbiter and seller, it has to make you wonder about a potential conflict. In my profession the appearance of a conflict often carries as much weight as an actual conflict.
In the shameless plug dept., I have a Photoseal IHC on Ebay as we type...........
LSCC#1864
Ebay Stuff
Sorry but this comment does not give me confidence in the Photoseal concept.
When will people understand you can't be a judge and a jury too?
The temptions are too great I don't care what the reputation.
i like the ngc star designation just as much................ even better
but with all coins buy the coin not the holder
rick snow photo seal and ngc star is a great in fact superb concept if the coin is all there sight seen in person in my minds eye usually it is!
sincerely michael
You guys are just plain suckers, aren't you? Why not just learn to grade your own damn coins and stop shoveling money over to the purported "experts"? How many coins would YOU have in your collection right now if you had not spent $3000 last year in plastic?
1) It's a conditionally challenged series where even some of the high grades are easily identified by their problems. As a result there's a wide range of quality within PCGS & NGC assigned grades, and inconsistant color designation waters it down even more.
2) He's not grading and slabbing, he's simply screening those that already are. A second opinion from someone who sees lots of these coins is a nice starting point for those who don't.
3) If you check his site at any given time you'll find IHs for sale that aren't photosealed {PS}. Some are very desirable coins but are iffy at the assigned grade, and are priced accordingly. He doesn't just slap a PS on every coin he feels is marketable.
Besides making his own sight unseen buying easier, is it a marketing tool? Of course, but one that could easily backfire if abused. Prices realized, and the fact most dealers/auction houses mention the seal in their coin copy, suggest it's been a plus to the hobby. It differs from the NGC star in that it doesn't denote special eye appeal, just accurate grade & color in a series filled with dogs.