No "Good-Bye" to Stickers
RegistryCoin
Posts: 5,117 ✭✭✭✭
Why stickers will stay - easiest value added.
In the old days dealers would "buy low, sell high", and this was easily done when doing their own grading - buy lower grade, sell higher grade. Simple and easy value added over normal buy/sell price spreads.
With the advent of TPGs, "buy low, sell high" became a little bit more difficult. Significant value added needed to come from upgrades, and the crack-out game worked to add value for a while, but, except for the best crack-out guys, resubmitting eventually became time consuming, costly, undependable and extremely frustrating.
So now, the stickers, a new, improved, nicer, easier, cheaper, faster, more predictable, more dependable way to add value (and "freshness") to inventory without any of the hassles of dealing (again, or, again and again) with TPGs on the same coin. In fact, once slabbed, a dealer won't ever have to mess with a TPG on a particular coin, until perhaps the TPG's gradeflation makes the coin's upgrade a slam dunk. Until that time, a sticker will very simply provide the added value/elements necessary to move the coin in the easiest (least frustrating), most timely and profitable method possible.
It's not so much "checking the checker", as it is "check-mating the checker".
In the old days dealers would "buy low, sell high", and this was easily done when doing their own grading - buy lower grade, sell higher grade. Simple and easy value added over normal buy/sell price spreads.
With the advent of TPGs, "buy low, sell high" became a little bit more difficult. Significant value added needed to come from upgrades, and the crack-out game worked to add value for a while, but, except for the best crack-out guys, resubmitting eventually became time consuming, costly, undependable and extremely frustrating.
So now, the stickers, a new, improved, nicer, easier, cheaper, faster, more predictable, more dependable way to add value (and "freshness") to inventory without any of the hassles of dealing (again, or, again and again) with TPGs on the same coin. In fact, once slabbed, a dealer won't ever have to mess with a TPG on a particular coin, until perhaps the TPG's gradeflation makes the coin's upgrade a slam dunk. Until that time, a sticker will very simply provide the added value/elements necessary to move the coin in the easiest (least frustrating), most timely and profitable method possible.
It's not so much "checking the checker", as it is "check-mating the checker".
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Comments
Wondercoin
The value added can be shared, as it probably should be.
The point is, the sticker will take away from TPG's potential profit as was generated by a coin being resubmitted time and time again, and reassign that value, in some sort of "split" (agreed?) to both the dealer and collector. I can see it more accurately and honestly described as a win-win for both the dealers and collectors, rather than a benefit primarily to collectors, but nevertheless, most likely a winning combo from the viewpoint of any in the biz, other than the TPGs.
Ken
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I agree with you premise that is is more efficient (and less costly) than the crack-out game; however, it magnifies the subjective aspect of grading, thus eroding confidence.
Andy:
You are spot-on with your comments concerning sub-standard coins.
Here is another paradox- as the market "matures" how much do I lose in $$ value (and everybody else!) by not CACing my PQ coins?
I also wonder what this will do to price guides like the grey sheet.....MS 65 1883 CC Morgan is "$$" BUT w/CAC sticker it's ???? As market acceptance gtrows (and it will) CAC is going to make a mint!
Why, Andy, I'm surprised at you! Don't you listen to the posts here? Everyone is an expert and don't need no help telling a great coin from a not so great coin! Since that's the case, all the great coins are owned by the chatroom board members.
No worries!
-David
If the price goes up, someone pays and someone collects.
The only cost adder is for JA's time and experience. However, the price adder for that service is speculative, just as TPG price adders are speculative.
Nothing has changed.
I knew it would happen.
Example: A recent sale of Barber coinage( the Southwest collection) had predominantly NGC graded coins. Several in each denomination were sticked, but the vast majority were not.
I assume that all had gone through the process. Most did not meet the present status of "nice for grade".
Such process tells the world, we have already tried that, so you are buying a coin that is in the bottom 25%(maybe) for the grade.
But if the set was mainly PCGS, and all the NGC coins were stickered, I do see a big plus.
In trying to price all the stickered coins I now see for sale, on websites, I do not see any increases in prices by the dealers. Many coins were on sites w/o stickers, and when they re-appear with stickers, prices have have not changed.
It appears to just be an added guarantee for the grade assigned. This is quite beneficial to both parties. It will help sell the coin, and the buyer has the additional opinion.
<< <i>It appears to just be an added guarantee for the grade assigned. This is quite beneficial to both parties. It will help sell the coin, and the buyer has the additional opinion. >>
I won't pay a huge premium for a stickered coin but I certainly don't mind paying a little extra either.
The sticker will not make me buy a coin that I don't like any more than a slab insert will. I like the coin or I don't.
The sticker on a coin just says that someone else thought the coin was pq for the grade along with myself.
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etexmike