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Discussion of pros and cons of getting your high grade moderns (or classics) graded by pcgs.

haletjhaletj Posts: 2,192 ✭
in PCGS Set Registry Forum
From a collectors point of view of course...

Pros...

Can have a registry set.
Might be the best way to protect the coins.
Gives you a better idea of the grades and value of your coins.
Liquidity of duplicates if you upgrade.

Cons...

Costs a lot of money that could have been used for more coins.
Can't display a large set in a nice compact way.
The risk involved in shipping your coin to pcgs, it getting damaged (fingerprinted, or hazed over say) in the grading process, etc...
Changing grading standards could leave you with overgraded/undergraded coins worth not what you thought they were, or the need to get everything regraded.

Anyone else have anything to add? Am I crazy for collecting raw (or even cracking out) high grade moderns? Do you think the registry participants are a tiny fraction, or a large fraction, of the high grade modern collectors?

Comments

  • COINDOGCOINDOG Posts: 402
    image When choosing a grading service, one question to always ask yourself is this : IF the grading service went out of business tomorrow, how would this affect the value of your coins !!
    Also, Q. David Bowers has a policy when buying coins ( and i couldn't agree more ), never to buy a coin worth over $ 100.00 unless it's certified.
    As far as buying moderns goes, the above rule still applies for myself !! It's your money, but as far as my money goes, Bowers idea on the matter is sound !!
  • magikbillymagikbilly Posts: 6,780 ✭
    I will never send in anything for fear of a fingerprint! If I found a print on my Seated 10c I'd die. Most of my slabs could be reholdering due to scratches (not while I was on duty!), but I will polish those out myself and live with whatever I can't remove. The insert is nice I suppose if you read/need them - but when selling if there is a problem it always seems to be on the coin, not the insert..so I look at the coin.

    Billy
  • michaelmichael Posts: 9,524 ✭✭
    as a collector as you say from a collectors point of view

    if you are ONLY buying coins with discretionary funds

    again as a collector

    and you see a coin in a pcgs holder

    and you specialize in such coins you are looking at in pcgs holders

    and this particiular coin you are looking at in a pcgs holder is exceptional in terms of eye appeal

    and has extraordinary special qualities

    and you like the price

    and you know the market

    and it is a good value buy with the prices not hyped up by market manulipation or crazy market prices like in 1989

    and *IF* the coin was broken out of its holder it CAN BE sold for at least 60% of its slab price .... hopefully more!!

    then there are only pros with pcgs holders


    if you cant follow all the above then many cons start to come into play


    michael


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