Is it no longer possible to buy a PQ coin from a dealer?

nugget369

I have heard from collectors and surprisingly a few dealers lately that true PQ coins are rarely
offered by dealers. Instead they are resubmitting them repeatedly to Newport Beach and
Sarasota. This is rather disturbing as my focus is to collect only coins which have spectacular
eye appeal. It has become so bad that a dealer recently sent me a 66 Saint that he claimed
was " At the 67 Line" with very nice eye appeal. When I received the coin it was just an
average 66. What was he thinking? He also told me that he does not send coins in for
upgrades, I can see why.
Another dealer in California who I thought was giving me first crack at fresh European
Indians and Saints recently admitted that he is now sending the PQ's right back to NGC and
if they do not upgade after 3 attempts then I can see them. Thanks but no thanks.
Are auctions a better source for high grade coins with eye appeal?

allegri

Try Rare Coins of New Hampshire. If they say a coin is PQ I don't believe you will be disappointed.

-Brian

haletj

Ira Stein (Iras4 on ebay) sells only PQ coins. Just don't buy the ones I want to buy from him

coinkat

yes... but one needs to be an excellent grader as well as an understanding of the series that you are interested in pursuing...

tmot99

You need to find another dealer. I pay more for my coins, but I get PQ coins and many of them are raw.

MrEureka

I buy lots of PQ coins. Some I regrade, others I sell as is. Whenever I resell them at the original grade, regardless of whether I've tried to upgrade them, the coins are still PQ. So yes, it's easy to buy PQ coins from dealers.

Now, if you're asking if it's possible to buy undergraded coins from dealers, the answer is that it's not as easy.

jdsinva

I buy them raw from my local coin shop since the owner tends to under grade higher end coins. I just had 3-4 coins come back about 3 points avg better than what I paid for them.

Jeff

jdsinva

dadgum double post. . .sorry.

Jeff

Elcontador

I think you can get PQ material from dealers under the following scenarios:

1) He doesn't want to deal with submitting it fill in the blank number of times to get an upgrade. Expect to pay somewhere between the grade on the slab & the next grade for the coin.

2) He is tired is resubmitting the coin & wants out. In this scenario, expect to pay a bit less than in the first scenario, though I don't expect you'll get it for less than greysheet ask.

If it's an attractively toned coin, throw away the sheets from the get-go.

nwcs

Has anyone really gotten a PQ coin from a dealer?

tmot99

Not to cross into another thread, but how do you define PQ? A nicer coin than the slab states? I really nice original raw coin with no problems?

ColonialCoinUnion

<< <i>Has anyone really gotten a PQ coin from a dealer? >>



Of course. You just have to pay through the nose for them.

jonesy

David Hall and Wayne Herndon sell PQ coins.

dorkkarl

i think in your specific case, your looking way too high on the sheldon scale. ms-67??? in most cases, those are fantasy grades, at least for someone like me w/ average, limited funds. by aiming so darn high in grades, you've boxed yourself into a miniscule corner of the market.

you look for nice xf, au & lower bu grades, you'll find PLENTY of pq coins available.

K S

BigMoose

Laura has it right. Many dealers don't have the time or the inclination to play the submission game. Also, if you can establish a relationship with a few of the major "crackout" specialists, you can often get a shot at their coins that "didn't work" the first time out at the big shows--these coins are almost always PQ and attractive. But CCU also has it right. These coins are never cheap. You will have to pay strong money for them.

Wisconsin

I may not understand the meaning of PQ. I thought it meant Premium Quality?? I don't think a coin has to have any upgrade potential to be PQ. It just needs to be an above average coin with nice eye appeal and solid for the grade. In that case, yes I beleive you can buy many PQ coins form dealers. If you are looking for upgrades, that may be another story.

Jay

Julian

dorkkarl

<< <i>I may not understand the meaning of PQ. I thought it meant Premium Quality?? >>

years & years ago, some used it to mean "proof quality", but today's connotation is as you stated it. what i don't understand though is this mindset that only applies the concept of "premium quality" to super-duper mega-high grades like ms-67 & above, as if a quaint little ms-63 couldn't have the blazing eye-appeal that warrants premium value.

K S

Julian

CCU has it right. PQ coins are available. It is just a matter of money!

Santa Claus is hard to find, especially after the holidays.

RYK

Sure you can.

There are plently of coins that are:
1) Failed upgrades
2) Sold to retail dealer after tried by crack-out dealer
3) Coins in which it is not worth the extra money and time to try for the upgrade.

In the last year, I have purchased coins that fall into each of these categories.

Wisconsin

I agree that a coin can be virtually any grade whether MS or circulated and be a PQ coin. So if you have a PQ MS 66 coin and send it in, it comes back 67 is it no longer PQ now that the grade is maxed out?? In fact it may have just become low end for the grade??

dorkkarl

i don't like the term "pq", so i'll use "special" instead.

if a coin is special, to me, that's independent of grade. so a "special" ms-65, ie w/ that fantastic eye-appeal, blazing luster & supremely original patina, it would STILL be special if someone else called it ms-68.

"grade" for ME is just not the end-all that it is to most.

K S

Dahlonega

Most old time dealers would much prefer that a PQ coin go to one of their collectors. These are the coins they want to buy back if ever resold. Although I think of a PQ coin as having great eye appeal and original surfaces ( but not necessarily an upgrade) others may define it differently. A lot of dealers take considerable pride in building collections for their customers whether VF or high grade that are 'PQ'.

BowTieCoins2

I have to say yes, you can still get PQ coins from dealers of all sizes, and auction are a good sorce for purchasing the coin type you would like.

I will say buyers must do their home work on a seller, and what it is their going to buy before jumping into a purchase.

Good Luck to you!

michael

Replying to Thread: Is it no longer possible to buy a PQ coin from a dealer?
Created On Wednesday 5, January, 2005 2:54 PM by nugget369

as per the above


you can buy them all the time every day of the week huge possibilities and no problems at all


but....................................................................

the problem is three fold

one) knowing where they are for sale
two) being first in line
three) having to make instant decisions to either pass or play based on your own thoughts

michael

au58

PQ relative to what? If a coin is graded MS64, and everyone agrees it is PQ, but it gets upgraded to 65 after three attempts, is it no longer PQ?
Or is the real question "How do I buy nice coins at below market prices"?