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How does David Hall Rare Coins get so many???

silverandvinylsilverandvinyl Posts: 395 ✭
in U.S. Coin Forum
Ms70 and PR70. Is it because of their ties with PCGS and CU??? I was just wondering.I'm not implying any wrong doings or any other M.B. I was just looking at their book(coins for sale) which I get every month.
leon

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    tsacchtsacch Posts: 2,929 ✭✭✭
    simple,

    he is exposed to a jillion coins and just happens to grade coins for a living and travels the country.... and cherry picks the best.


    and or

    you grade coins, record the serial numbers of the undergraded ones and then buy them from the dealers at fat discounts and reslab.




    Family, kids, coins, sports (playing not watching), jet skiing, wakeboarding, Big Air....no one ever got hurt in the air....its the sudden stop that hurts. I hate Hurricane Sandy. I hate FEMA and i hate the blasted insurance companies.
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    razorface1027razorface1027 Posts: 4,242 ✭✭
    I was looking over his auctions just the other day, and found, on the contrary, only 1 pr-70 coin. Now this was about 3 days ago, maybe things have changed since then. I too thought, well he's the CEO of 1 of the top tier grading companies; therefore, he must posess many pr-70s. I WAS WRONG!...image
    What is money, in reality, but dirty pieces of paper and metal upon which privilege is stamped?
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    tsacchtsacch Posts: 2,929 ✭✭✭
    how do you know how many he possess...just cause he's got one listed for sale or one in his registry??? what about the stock pile in the shoebox in his closet that he isnt showing anyone???
    Family, kids, coins, sports (playing not watching), jet skiing, wakeboarding, Big Air....no one ever got hurt in the air....its the sudden stop that hurts. I hate Hurricane Sandy. I hate FEMA and i hate the blasted insurance companies.
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    razorface1027razorface1027 Posts: 4,242 ✭✭


    how do you know how many he possess...just cause he's got one listed for sale or one in his registry??? what about the stock pile in the shoebox in his closet that he isnt showing anyone???

    Do you know this for sure?...image
    What is money, in reality, but dirty pieces of paper and metal upon which privilege is stamped?
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    relayerrelayer Posts: 10,570 ✭

    They make them, they buy them, they find them on the street
    image
    My posts viewed image times
    since 8/1/6
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    geb209geb209 Posts: 375


    << <i>I was looking over his auctions just the other day, and found, on the contrary, only 1 pr-70 coin. Now this was about 3 days ago, maybe things have changed since then. I too thought, well he's the CEO of 1 of the top tier grading companies; therefore, he must posess many pr-70s. I WAS WRONG!...image >>



    You just didn't look carefully enough because things haven't changed since then. I see FIVE lincolns alone. How could you have missed FIFTEEN roosies?
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    DCAMFranklinDCAMFranklin Posts: 2,862 ✭✭


    << <i>You just didn't look carefully enough because things haven't changed since then. I see FIVE lincolns alone. How could you have missed FIFTEEN roosies? >>




    image
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    1jester1jester Posts: 8,637 ✭✭✭
    They make them, they buy them, they find them on the street.

    Of course, there's no way in the world there's any possibility of a conflict of interest in both making them and selling them.

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
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    itsnotjustmeitsnotjustme Posts: 8,787 ✭✭✭
    I read (don't remeber where--perhaps a HRH thread) that they do not have coins slabbed themselves due to the apparent conflict of interest. The article said they buy them already slabbed. I would think the major submitters like Tulving get a bunch of 70s, and may sell them in bulk.
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
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    DeadhorseDeadhorse Posts: 3,720 ✭
    Just being in the business of selling pcgs slabbed coins is a conflict of interest as far as I'm concerned.

    I wonder of the graders have the same freedom?
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
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    MacCoinMacCoin Posts: 2,544 ✭✭
    David Hall is pcgs what do you think. I don't for a minite beleive all that crap about him cherrypicking. to inpress me he would have to have as many ms/pr 70 NCG as he has pcgs for sale.
    image


    I hate it when you see my post before I can edit the spelling.

    Always looking for nice type coins

    my local dealer
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    RussRuss Posts: 48,514 ✭✭✭
    DHRC is one of only a handful of large dealers that make a market in PR70DCAM moderns and the most agressive buyer of same. So, the company is one of only a handful that get offered the coins in the dealer network when they get graded. Nope, it ain't a big conspiracy. I know you're all disappointed now.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
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    jonesyjonesy Posts: 5,031
    Very well put Russ!! image
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    FrattLawFrattLaw Posts: 3,290 ✭✭


    << <i>Of course, there's no way in the world there's any possibility of a conflict of interest in both making them and selling them. >>



    Perhaps the true "conflict of interest" isn't in the fact that PCGS grades coins and DHRC sells them, but it might be in the Pop Reports. If you were selling a Pop 1 coin and I knew there was another that was just made, would you tell the buyer and lose potential profit. Now what if you controlled the Pop Reports!

    While I'm not saying this occurs, again I AM NOT SAYING POP REPORT MANIPULATION occurs @ PCGS, the potential is there and thus that IS the conflict of interest. Since most of us don't deal in the Top Pop coins, I wouldn't worry about it though. But I do believe there has been complaints that the Pop Reports aren't upated as often as they should be and are rather unreliable.

    Michael
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    eisq222eisq222 Posts: 129
    I'd bet he gets them from Tulving Co,along with others.
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    DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>Nope, it ain't a big conspiracy. I know you're all disappointed now.

    Russ, NCNE >>



    Russ, with all due respect, I don't know of anyone who is screaming or even implying conspiracy. That's such an overused term and virtually impossible to prove anyway.

    What I am saying is that it certainly screams "conflict of interest", it appears tacky and in poor taste as well. Does he also deal in comic books? Just a question, I don't know but if so it would make it even more suspect.

    I will ask my original question again............do the graders have the same options?
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
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    RussRuss Posts: 48,514 ✭✭✭


    << <i>Russ, with all due respect, I don't know of anyone who is screaming or even implying conspiracy. >>



    Deadhorse,

    Dig around the forums a bit. There have been numerous accusations leveled against DHRC for "insider grading". None with any evidence, of course.



    << <i>I will ask my original question again............do the graders have the same options? >>



    If you're asking are graders allowed to deal in coins, the answer is both yes and no. Full-time graders are prohibited from dealing activities. Part-time graders are allowed to deal in coins. But, since David Hall is a) Not a grader and b) Doesn't run the day-to-day operations of DHRC, it's not relevant anyway.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
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    BearBear Posts: 18,953 ✭✭✭
    Well, its his bussiness and if he wants to run it a certain way, so be it.

    If we dont like it, I guess we can stop buying PCGS graded coins.........NOT.

    There will always be those who are unconfortable with the set up and those

    who really dont give a rats ass. So there you have it, take it or leave it.image
    There once was a place called
    Camelotimage
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    gripgrip Posts: 9,962 ✭✭✭✭✭
    I dont give a rats a$$ what he does,as long as my coins are graded correctly and returned in a timely manner.Al
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    razorface1027razorface1027 Posts: 4,242 ✭✭
    You just didn't look carefully enough because things haven't changed since then. I see FIVE lincolns alone. How could you have missed FIFTEEN roosies?

    Obviously! I was more focused on how many PR-70s he had. Right now there's 6 MS-70s after, I guess, several auctions have already closed
    What is money, in reality, but dirty pieces of paper and metal upon which privilege is stamped?
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    hetmanhetman Posts: 118
    How can it not be a conflict of interest if one person is involved in a company/corporation/capital group/etc that both grades and sells coins?
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    flaminioflaminio Posts: 5,664 ✭✭✭


    << <i>How can it not be a conflict of interest if one person is involved in a company/corporation/capital group/etc that both grades and sells coins? >>



    Because DH says so. Now, drink your Kool-Aid and go back to bed.
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    hetmanhetman Posts: 118
    Yes Sir! Sounds safer anyway...
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    eminememinem Posts: 258
    This subject is very interesting because there is no way to look at this and not see a conflict of interest. Don't you think DH has numerous friends and associates in this field. Doesn't he know the major players (dealers) in the slabbed market? If Joe Schmo makes 10 70's in a large submission don't you think DH knows. Do you think he might have the inside track on getting those 10 for resale at DHRC? Of course!! I don't think you can grade and sell at the same time. I don't have to be a fisherman to smell like fish, all I have to do is hang around on the docks for awhile. Too close an association for me.
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    1jester1jester Posts: 8,637 ✭✭✭
    Not only would DH know about Joe Schmo's 10 70s, but maybe, just maybe, he might have a hand in tipping the scales a bit in favor of Mr. Schmo's submission. In other words, how would poor John Q. Collector ever know about such a possible connection? That's why it smells fishy.

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22

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