Anyone read the Wall Street Journal today?

seateddime

This is very interesting......

STONE

...and for those of us that don't

coinpictures

???

I'm looking at the front page of wsj.com and nothing jumps out at me.

EDIT: Maybe this is it: http://online.wsj.com/article/SB10001424052748703811604574533732182243424.html

ponderit

I read the article but the first thing I thought was even the WSJ calls them pennies! WTH

llafoe

"Numismatic Guaranty Corp.,..." "...U.S. Demand for grading services has surged to such a degree that the company's 20 graders are handing as many as 12,000 coins a day..."

That's 600 coins per grader or 75 coins per hour. I hope no one gets sick or takes a vacation!

seateddime

It is the cover story of the personal journal.

I will chime in after others have looked at it.

Gemineye

<< <i>"I'm getting calls several times an hour from people who want to play the crack-out game," Mr. Travers says. "If you're really careful about what you're buying, there's tremendous upside and little downside." >>


Is this the crux of the story...the bottom line........To invest in a coin and crack it open and resubmit and flip it.."?? Should Real investors be doing this..?
I guess the more BIG $bucks$ you have the less.. cents ... you have...

razzle

Interesting article. Thanks for posting.

notwilight

<< <i>"Numismatic Guaranty Corp.,..." "...U.S. Demand for grading services has surged to such a degree that the company's 20 graders are handing as many as 12,000 coins a day..."

That's 600 coins per grader or 75 coins per hour. I hope no one gets sick or takes a vacation! >>



I think they meant 12,000 each.

cheezhed

Assembly line grading.

seanq

<< <i>"I'm getting calls several times an hour from people who want to play the crack-out game," Mr. Travers says. "If you're really careful about what you're buying, there's tremendous upside and little downside." >>




That may be the single worst piece of advice I've ever read, at least in relationship to collecting.


Sean Reynolds

saintguru

I'm witcha Sean.

seateddime

I found the number of grades per grader to nuts, my eyes would pop out.

The crack out game is a good idea? Not in my world.

I guess it means it is easy to sell a Million dollar coin over a $10 one too?

I am not sure this is good press nor do I think at the $500-$25000 level, collector coins will bubble.

I am buying every week. I am even buying nice Walkers at these lower levels and plan to buy a lot of them.