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Think Buying The Holder Is Unique To Baseball Cards?

MachodocMachodoc Posts: 541 ✭
in PSA Set Registry Forum
I've been a devoted coin collector since 1971 and have subscribed to the "Gray Sheet" and its various spinoffs for years. The most recent edition of the "Certified Coin Dealer" has a remarkable leadoff feature on page one that has eerie echoes of what gets debated on these pages ad nauseum and I thought some might find it interesting:

"Dealers desperately need coins for their clients and are doing whatever it takes to acquire some. Several have been regularly increasing their sight-unseen bids for PCGS and NGC material. They actually care less about what the coins look like and more about what the label says"...

I'm shocked! Shocked! Something like that would never happen here (or would it....hmmmmm...)

Steve

Comments

  • wolfbearwolfbear Posts: 2,759 ✭✭✭

    Put me firmly in the "care more about what the label says" camp.

    In fact, I'm now at the point where I break out the labels and toss the cards away.
    I have a carpenter working on a custom display piece that will showcase my flip collection ...

    Pix of 'My Kids'

    "How about a little fire Scarecrow ?"
  • qualitycardsqualitycards Posts: 2,811 ✭✭✭
    WOLFBEAR - Thats funny!image
    I got my wife that way too! She had the highest grade in the mail order bride catalog image ...jay



    edited for spelling
    image
    Website: http://www.qualitycards.com
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    Great anology Machodoc, in fact i always try to buy AU58 coins as they are gems that have the slightest of wear and usually have full luster. In baseball cards a true EX/MNT card is the same as an AU58 coin. Please do not be confused I am talking not about EX/MNT cards that are soley graded that way cuz they could not make a 7. Or have 8 corners but are OC etc.....Another reason to buy the card and not the holder. I have seen some Psa 6 that I like more then some Psa 7.
    Good for you.
  • BuckwheatBuckwheat Posts: 644 ✭
    Jay,

    Any qualifiers on that bride? image
    Ole Doctor Buck of the Popes of Hell

  • qualitycardsqualitycards Posts: 2,811 ✭✭✭


    << <i>Any qualifiers on that bride? >>


    More then you'll ever know! image
    And to all that think I'm a brave man by stating this...I fear nothing as she is not computer literateimage ...jay
    image
    Website: http://www.qualitycards.com
  • calleochocalleocho Posts: 1,569 ✭✭
    the graded coins market is different to the world of baseball cards because of the value of the actual worth of the precious metals inside.

    therefore coins are a safer mode of investing in collectibles, and that brings in the investors and speculators both of wich could care less about little things like "boderline grades" etc.

    baseball cards have only sentimental value... which caters more to collectors vs investors.

    an investor realizes that getting burned is part of bussiness, a collector will only get burned so many times befores he gets fed up and turns his attention to something else.

    "Women should be obscene and not heard. "
    Groucho Marx
  • qualitycardsqualitycards Posts: 2,811 ✭✭✭


    << <i>because of the value of the actual worth of the precious metals inside >>


    Maybe thats so w/ $20 gold pieces in ave circ condition, and in junk silver where the value is attributed to the daily gold & silver reports. But the top graded coins fetch a helluva lot more then the precious metal inside. After all, a Seated Liberty dime (or a Barber or Mercury dime for that matter) has about a buck in silver value. But try finding a high graded example for a few multiples of that. David Hall Rare coins is offerring a PCGS MS65 1904 Barber dime for $2175.00 - so it wouldn't make a bit of difference if the silver market doubled or went down 50%, this coin would remain a rareity and wouldn't go up or down to that silver level %...jay
    image
    Website: http://www.qualitycards.com
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    Hmmm Im not so sure abt that Cal, 1st off the intrinsic value of a silver dollar is 8 bucks, when one buys that coin in ms65 say and spends 300.00 ........292 of it is a premium. I agree though that cards hold no such value. had I compared your post to a silver dime ...well u get the pic. Gold coins have a better chance as an oz of gold (around 375.00) holds more intrinsic value. A gold coin in MS60 can be had for around 500.00? Like cards they also have keys etc. What do you think?

    Win


    edited to add: you think the graded card market is subjective? Coins are a whole nother ballgame.....
    Good for you.
  • jrdolanjrdolan Posts: 2,549 ✭✭
    Wolfbear, I've been saving flips from crack-outs. I have maybe 50 SGC, GAI, BVG and SCD (and a few CTA from my stoopid period). image

    Sad to say, these flips are raw ungraded, but they look Mint and probably are not trimmed. Make me an offer.
  • MachodocMachodoc Posts: 541 ✭
    Can't say about Jay's wife, but I know from reading his posts at Jay rates at least an OC qualifier...image

    As for coins, I know that the hundred or so dollars worth of gold in my favorite coin from my personal collection (1799 MS 61 PL $10 gold - scan attached below because I don't know how to put it in the post) is only a tiny fraction of its overall worth - for a lot of reasons. It's a tremendously cool coin whose proof-like surface is not done justice from the scan.

    Steve
  • DirtyHarryDirtyHarry Posts: 1,917 ✭✭✭
    Calleocho - outside of gold, I cannot find any credence in your post. Scarcity and condition drives coin values just as much as cards. My 1914D Lincoln Cent and 1886 Liberty Head Nickel are worth some bucks because of the low mintage. The value of the metal in these coins is less than the filling in one of my teeth.

    Take it a step further - what is a value of a stamp? If it is not cancelled, it is only worth the amount of the postage. Scarcity, condition and demand drive that hobby too, like any other.
    Proud of my 16x20 autographed and framed collection - all signed in person. Not big on modern - I'm stuck in the past!
  • qualitycardsqualitycards Posts: 2,811 ✭✭✭


    << <i>but I know from reading his posts at Jay rates at least an OC qualifier >>


    STEVE - I'll take an OC anyday over ST or MC, so I could be alot worse image
    By the way, that 1799 $10 coin is awesome. I like vintage baseball cards like the T cards, but that baby has it beat by 112 years! ...jay
    image
    Website: http://www.qualitycards.com
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    Nice coin Doc!!
    Good for you.
  • calleochocalleocho Posts: 1,569 ✭✭
    JAY, MAchadoc

    my comment was too simple. of course that many times condition and rarity are the true premiums that we pay for not the grade.

    however what i was trying to show is that it is very normal for a rich person or even some institutions to have some of their portfolio invested in precious metals and given the old motto "always buy the best no matter what it is you are buying" some of these investors, speculators drive up the prices of gold and silver coins.

    then it is up to the collectors to pay those new high prices or not. and the last time there was a huge crash in the coin markets it was related to some of those issues of collector vs investors

    the hobbies are quite different, so the comparisons dont work that well. but there is a longer history of collecting coins and also a longer history of investing in coins.

    unlike baseball cards coins have more history and prestige and some actual worth, baseball cards do not have these qualities.

    so in order for the card hobby to be alive and well, things like consistency in grading need to be a higher priority than in the coin world.

    the collecting base of each hobby is different in the percentage of collectors and investors.




    "Women should be obscene and not heard. "
    Groucho Marx
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