please don't misconstue my answer as trying to wiggle out of something i may have posted, but i don't really think the thread was based around the value of the coin. instead, it seems by the lead-in that the point being made was that the coin is overgraded and i don't necessarily agree with that point.
Unless someone can convince me otherwise PCGS grade = Value.
That's what the guarantee is all about. How else does someone prove grade? If the coin cannot bring the graded $ how can it be that grade? The only way PCGS can compensate you is with $ or a replacement that should get you the $. (Show me the Grade, er MONEY!!!)
i think if grade=money were true it would relate in the real world to a stagnant market. this is true because as a part of human nature we all seem to be able to accept prices going up but not down.
we assume that since we paid $100 for a coin, it must be worth $100 at some time in the future or there is something wrong. we can't accept the simple fact that price is determined more by demand than it is by grade, basic capitalistic supply/demand principals at work.
we assume that since the price sheets say MS63=$500, MS64=$1000 and MS65=$1500 that if we only get offered $850 for an MS64 it must be overgraded and if we get offered $1200 for the same coin it might be an upgrade/crackout candidate. in the case of the latter, when it comes back MS64 or lower we scream that the service sucks.
ie. If a coin is graded MS62 you should be able to get somewhere near what MS62's are worth at this time which may or may not be anywhere near what you paid for the coin.
If everyone you show the coin to says that they wouldn't give you anywhere near MS62 money for it, then something is wrong with the grade.
I seem to remember you dealing with this first-hand. You displayed a coin that many people said would not bring the dollars based on its slabbed grade and you were compensated with $.
Comments
Unless someone can convince me otherwise PCGS grade = Value.
That's what the guarantee is all about. How else does someone prove grade? If the coin cannot bring the graded $ how can it be that grade? The only way PCGS can compensate you is with $ or a replacement that should get you the $. (Show me the Grade, er MONEY!!!)
Do all agree?
Joe.
we assume that since we paid $100 for a coin, it must be worth $100 at some time in the future or there is something wrong. we can't accept the simple fact that price is determined more by demand than it is by grade, basic capitalistic supply/demand principals at work.
we assume that since the price sheets say MS63=$500, MS64=$1000 and MS65=$1500 that if we only get offered $850 for an MS64 it must be overgraded and if we get offered $1200 for the same coin it might be an upgrade/crackout candidate. in the case of the latter, when it comes back MS64 or lower we scream that the service sucks.
al h.
Incorrect. Grade=VALUE
ie. If a coin is graded MS62 you should be able to get somewhere near what MS62's are worth at this time which may or may not be anywhere near what you paid for the coin.
If everyone you show the coin to says that they wouldn't give you anywhere near MS62 money for it, then something is wrong with the grade.
I seem to remember you dealing with this first-hand. You displayed a coin that many people said would not bring the dollars based on its slabbed grade and you were compensated with $.
Joe.
al h.