Can the grading services "make or break" a show, depending on their grading (see Winter bl
Longacre
Posts: 16,717 ✭✭✭
I was taking a look at the Doug Winter site and his (almost) daily blog. He raises some interesting points, and hopefully the following comment will not create the firestorm of comments as in the past. Here is the quote in relation to the Long Beach show:
"The Long Beach show opens on Wednesday. I expect it will be a decent show with some relatively active trading. As usual, most dealers will leave disappointed as they will not be able to buy nearly enough interesting fresh material to satisfy the demands of their customers. A key to the show will be if PCGS and NGC decide to “make” any coins. If the Gods of Grading open the gates, then the show could actually be quite strong. If they are tight, expect much grumbling from dealers."
Does anyone know what impact the grading services can have on "making or breaking" a show? Does the fact that a single coin (or maybe a few coins) are "made" into a pop top affect an entire show? Does anyone know specifically how this would happen? For example, say a New Orleans quarter eagle is submitted and it becomes the highest graded coin in the series, why would a dealer in Morgan dollars care, and how would the New Orleans coin change the entire feel of the show?
In case anyone wants to read the full blog (for context), here is the link (note also that he discusses tax laws in the blog. He's a man after my own heart. ):
Blog
"The Long Beach show opens on Wednesday. I expect it will be a decent show with some relatively active trading. As usual, most dealers will leave disappointed as they will not be able to buy nearly enough interesting fresh material to satisfy the demands of their customers. A key to the show will be if PCGS and NGC decide to “make” any coins. If the Gods of Grading open the gates, then the show could actually be quite strong. If they are tight, expect much grumbling from dealers."
Does anyone know what impact the grading services can have on "making or breaking" a show? Does the fact that a single coin (or maybe a few coins) are "made" into a pop top affect an entire show? Does anyone know specifically how this would happen? For example, say a New Orleans quarter eagle is submitted and it becomes the highest graded coin in the series, why would a dealer in Morgan dollars care, and how would the New Orleans coin change the entire feel of the show?
In case anyone wants to read the full blog (for context), here is the link (note also that he discusses tax laws in the blog. He's a man after my own heart. ):
Blog
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
0
Comments
I think that you may have missed the point here. It is not about making pop tops (necessarily). It's more about being on the "loose" side in general, such that coins are "made" and offered to market, rather than not made and held back to try again later. At least that is the way I am reading this.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment