This has no effect on probably 98% of all collectors....
relicsncoins
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Most collectors do no deal in multi-thousand dollar coins very often if at all. I would be willing to bet that the vast majority of collectors have coins that are individually worth less than a $1000 each. These coins that fall into that range of $100 to $1000 absolutely make no economic sense to submitt for this new service. The cheapest you can use this new service is at the express level which is $50 and then the secure plus feature is $65. So you are at $115 per coin before you've even included shipping both ways. So for the 2% of collectors that collect high end coins have fun with it.........For the rest of us, it will be business as usual.
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NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
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<< <i>So we will not see any 1881 s ms63 morgan dollars with the plus sign? >>
I'm sure that the value might be $5 more.
<< <i>The way I read things it looks like for $20 per coin with a reholder you get the + and secure Plus option for slabbed coins. >>
A reholder is just simply a reholder. If you want to try and get a "+" for a coin that has already been graded, then you will have to pay for a regrade, which is at minimum the "express" service with "secure plus".
<< <i>Most collectors do no deal in multi-thousand dollar coins very often if at all. I would be willing to bet that the vast majority of collectors have coins that are individually worth less than a $1000 each. These coins that fall into that range of $100 to $1000 absolutely make no economic sense to submitt for this new service. The cheapest you can use this new service is at the express level which is $50 and then the secure plus feature is $65. So you are at $115 per coin before you've even included shipping both ways. So for the 2% of collectors that collect high end coins have fun with it.........For the rest of us, it will be business as usual. >>
Mis-information from what I heard.
An express submission submitted for Secure Plus™ only costs $65. Not $50 plus $65.
As for me, I'll consider each of my coins for this service since it adds value.
Additionally, this is only a trial period to guage market acceptance. Once its determined to be acceptable, other submission levels will be opened up.
For example, the difference in price between an MS64 1972 Type 2 and an MS65 1972 Type 2 is significant money. I would much rather sell some of my MS64's with that little " + " next to the grade than without.
The name is LEE!
siliconvalleycoins.com
For instance, take a coin that has a $100 spread between xf-45 and au-50, but a $3K spread between ms-64 and ms-65. I could see sending in a coin for an ms-64+, but not for an xf-45+. It could also work the other way around.....you could have a coin that has a big spread between xf-45 and au-50, but a very small spread between 64 and 65. You might send in the xf-45 example, but sending in an ms-64 coin wouldn't be worth it.
I do have one question though.....
Would there really be much of a price difference between an au-58 and an au-58+? Say for example that an au-58 1889-cc Morgan Dollar is priced at $6K, and an ms-60 is at $24K. The au-58+ is still circulated, so shouldn't any price bump be miniscule? Just wondering
Looking at the changes though, I do think they are good for the hobby, and if I have cause to use them, I will.
Steve
<< <i>Maybe Im in the 2% but my MS66RD SVDB now stands the chance to rise in "price" from 15K to 26K.....just with the addition of a + >>
But your assuming that the PCGS Guide Prices of the + coins are accurate... previously it seemed that the PCGS Guide Values were for nice examples of coins in PCGS holders since the bad examples seemed to trade at discounts, sometimes significant discounts.
I haven't been following 66RD SVDB prices, but based on what i've seen on the coins I follow, the + prices in the Guide don't seem to reflect reality. For example, I've been hunting for a PQ 67RD 1909 VDB for around a year or so. The price guide now has it at $1500 and $2250 if +... In the past couple of years these coins have been in the range from around $1100 to $1800. I can't even remember seeing one sell for over $2k in the past couple years. But all of the sudden the top 25% of them are worth $2250???? I'm not sure those looking to buy are really going to go for that. But of course, I'm guessing some of the dealers holding such coins that can get the + are loving this.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
If this was available at the regular tier for $15, I would most likely use it on all coins over $500 in value.
<< <i>I do have one question though.....
Would there really be much of a price difference between an au-58 and an au-58+? Say for example that an au-58 1889-cc Morgan Dollar is priced at $6K, and an ms-60 is at $24K. The au-58+ is still circulated, so shouldn't any price bump be miniscule? Just wondering
>>
IMHO, some au-58's are merely au-58's - you can see a little wear and some nicks. They are just a little nicer than an au-55. On the other hand, there also are au-58's that are au-63's - they are well-struck with few if any nicks, but somewhere they have some light wear. They are a very little wear away from being a ms-63. Those are the ones that deserve a + and to many are worth more than a ms-60 or ms-61.
Enjoy!
Richard
MS Buffalo
MS 1951
I believe that having a separate level of grading for most low cost inexpensive coins can only be a good thing. Which would you prefer, an MS64 or an MS64+ for some modern widget?
This new program is going to change the market in a lot more ways than some folks believe and of that, I have absolutely no doubts.
The name is LEE!
<< <i>you would think that something labeled as "the big one" might be applicable to a bit more people... seems like this so call announcement could have been a normal day to day operational decision. the big one haha please >>
The way it is setup now means that less than 2% will have a reason to even worry about it.
<< <i>Steve:
<< <i>I do have one question though.....
Would there really be much of a price difference between an au-58 and an au-58+? Say for example that an au-58 1889-cc Morgan Dollar is priced at $6K, and an ms-60 is at $24K. The au-58+ is still circulated, so shouldn't any price bump be miniscule? Just wondering
>>
IMHO, some au-58's are merely au-58's - you can see a little wear and some nicks. They are just a little nicer than an au-55. On the other hand, there also are au-58's that are au-63's - they are well-struck with few if any nicks, but somewhere they have some light wear. They are a very little wear away from being a ms-63. Those are the ones that deserve a + and to many are worth more than a ms-60 or ms-61.
Enjoy!
Richard >>
Thank you for the explanation Richard. So basically, we might see a price inversion, where an au-58+ is priced higher than an ms-61/62. That'll be interesting.
Steve