Then who IS being addressed? If YOU BUY only the PLASTIC, fess up here.
pop1
Posts: 234
Just so we know who on the reg. forum ignores the coin, in favor of owning high grade plastic, please use this thread to let us know who you are.
From all the warnings we've indured in the past from various posters, I'd assume that those who subscribe to the "buy the plastic, not the coin" theory, would number many.
Let us see how many there really are. Be honest.
From all the warnings we've indured in the past from various posters, I'd assume that those who subscribe to the "buy the plastic, not the coin" theory, would number many.
Let us see how many there really are. Be honest.
0
Comments
For the record, No to both questions.
Perhaps we should give some incentives...
How about this: For he/she who has the best honest story, "coming clean" about their frenzied search for high grade plastic, I will begin a search for the best and highest grade piece of cr^p that I can find, and purchase this coin in this person's honor (and attempt to post a pic).
How's that for a "carrot" ? Let's get some of those REAL STORIES now.
For shame, Mitch. (IMHO) You need to do some real hands-on research, so you don't throw your money into the great abyss of the collector-unknowledgable, (like most of us do, here on the Reg forum).
PS. So far, your story has "the honors".
Robbnsc: If you are the winner, perhaps I can locate a really spotted and hazy '95s or '97s pf69 dcam Kennedy's cert. number and pic for you.
Does this mean returning it to the seller? Sometimes. What about sending it in for regrade? Again, sometimes. Another option is reselling it at a discount - depends upon the coin's demand and my desire to get out of the coin. For me, though, I do not just buy and collect numbers.
Anybody that has bought a PCGS coin sight-unseen buys the plastic. Anybody that KEEPS purchased sight-unseen cr@ppy coins because of the label is a plastic buyer. That's the difference.
so most of us buy the plastic get the coin,then decide if it's what the holder says.that's when you make the real desision.
send it back or keep the plastic
rob.
Mitch. I would much rather give you the "standard commission" plus the $6k, for you to give it your "seal of approval." It is clear, so far, that if anyone does "buy plastic", that they have a pretty darn good reason, developed from knowledge and experience.
Lazaroo: Exactly.
So, is there a point to a discussion of "coin or plastic" on the reg. coin forum? Perhaps.
Is there a need to point out the risks? Maybe, at times.
Is there a need to make this a devisive point of contention on this board? Absolutely not.
PS. Even those PO/AG sight-unseen purchases of some of our esteemed commem collectors are calculated.
Scott: Using this concept, I buy plastic, but I am not a plastic buyer. Wow-that is heavy!!
If there is a difference, it is a difference without a distinction. If I buy plastic, then by definition, I AM a plastic buyer.
But, Scott, you have hit the nail on the head! I gladly buy select sight-unseen 20th century coins, because I know that in the unlikely event the coin is a terrible dog, I will most likely be able to easily convince PCGS of it; hence really virtually no risk at all with my $6,000 sight-unseen offer on that quarter.
This then results in a strange oxymoron: Newbies who buy plastic are stupid and need to be warned, but sophisticated collectors or dealers who buy sight-unseen plastic are likely to be just fine and, in fact, may do extremely well stepping up and being the only buyer willing to "take the chance" (e.g. Rick Tomaska's sight-unseen $10,000 offer here on the boards earlier this month for a gem DCAM 1950 Franklin, etc.) Very interesting-hugh?
It is only after the education I'm getting on these forums and by selling coins on ebay and trying to cross over and regrade coins that I can honestly say I'm able to spot a PQ coin in the first place. And that only for a very few series.
So I used to buy plastic but am now better informed and try to only buy PQ coins.
peacockcoins
Come on Tad, that's got to be worth at least an honorable mention.
peacockcoins
C'mon pop1, make him the winner, I'll find the coin -- better hurry before someone else posts, you're getting by cheap at $175!
Mark
Wasn't very funny, anyway.
Tom
"Last week I paid Greg G. $100.00 for a PCGS PO01 Columbian. Outside the holder? A $5.00 coin (at best). I bought this one just for that insert!
Now, as long as we are on the subject of Plastic:
Columbian half in a PCGS holder: $100.00.
Getting it shipped to me: $2.00.
Adding it to my Registry: Priceless.
peacockcoins
I should send the coin to PCGS just for laughs. It is amazing how low you will stoop when bored, desperation sets in.
Great thread with lots of honest answers!!!
Hell I cant even remember the last time I looked at the coins I own EVER. Unless toned as thats a better rainbow then the plastic can give
My Merc Dimes
PS. In your case, Pat, I am always on the lookout for a coin that helps you to complete your set, so you may be the beneficiary of more than just a pic, if possible. Congratulations, again, and thank you all for your honest comments. This thread was much more useful than I had originally thought. I guess sarcasm really does have a place here.
PCGS plastic rules.
PPS. Pat, I should have changed the written rules so that we didn't just hear stories of frenzied efforts to locate "high-grade plastic". For you, I should have said "highly desirable plastic."
On the other hand I also collect Sample Slabs by date, denomination & mintmark and since 5 generations or so of PCGS Samples have no numerical grade............but I know that's not what you were talking about.
When I'm buying real collector coins I am much more picky and don't depend on the plastic at all and have no problem dropping several thousand dollars on a killer raw coin. The plastic does make it easier & safer to hold, examine, protect and maybe sell it one day.
peacockcoins
PS.. that was really a 67 Dawg?
RareDate
Trying to put together a Franklin Registry Set
So i guess i am guilty like EVERYONE else of buying plastic.
Plastic is pretty though... especially when it doesnt have any marks. it reflects good in little rainbows and if nothing else, you can use it to prop your window open....