Sending in a decent coin for certification is one thing; perhaps certification can help you sell the coin for a higher price. But what does getting a GSA coin certified MS61 do for you? Nothing.
You're only sharing your money with the grading service.
JMHO.
GSAGUY
Not wise
Comments
GSAGUY
Got quoins?
I'm asking this because I talked to another major market maker in the industry and he said the ones that get sent to him these days are the real dogs. Mainly because of folks "Trying" to get bigger money having NGC grade them in the holders.
The obvious being.... through the years he would put adds in the coin mags for certain buy prices, and many times receiving higher grade coins for the lower buy prices. In other words he could make a killing once in a while. I know for a fact from previous experience you are very fair when buying and selling. Just wondering if the market has changed for you with the changes of certification?
You hit the nail on the head when it comes to the 'market-makers' in GSA's. They've always posted buy prices for minimum grade coins and received mostly that. However, every once in a while they'd hit a home run with a monster.
Even without the new NGC grading policy I'm sure that the volume of those 'hits' has been dwindling over the years. But you're right, I suspect they'll receive even fewer now.
As for my trading in the GSA coins, I've never advertised myself as a market maker in these coins. My specialty has always been handling above average pieces....bright white, toned, DMPL's, better date, etc. If a collector or dealer is looking for a specific CC date in a specific grade, I've often got it in stock.
GSAGUY
They were all cool coins....especially one of them!
GSAGUY
BTW .Whats a `85 CC White in GSA holder going for these days.
I willed mine before I knew what it was.....can you believe that?
I,m learning all about coins....tha hard way.
White GSA 1885-CC go for about $350 and up depending on the grade.
GSAGUY
Thanks for the info `gsadude`
Still sounds good to me. I know the value will keep on a goin up on those
through the years. I,d say it is a great `investment coin` if you ask me.
but....i aint the sharpest tool in the shed so, take it for what its worth.
Investment coin? Ya or Nay.
I feel the `16 D Dimes and `77 IHCs need a major correction, NOT CC Dollars.
But ,I wasnt into coins then. He only bought em for a Christmas present to go along with annual proof sets for us kids.
Where that time machine!!!!
Damn it!!!!!
I do have to agree with you to a certain degree....especially when it comes to higher grade pieces. However, there have been some fluctuations.
When I first started buying GSA coins, the base grade pieces were trading at about $100. They fluctuated for a while and then declined all the way to about $45 in about 1994 (haven't reviewed my records so please don't hold me to that date).
From that bottom, the rise has been slow and steady.
As for high grade pieces, they've only gone up in my estimation.
GSAGUY