I am going to officially take a break from collection coins

ChrisRx

So now all my slabbed coins are worthless (worth less) unless I resubmit them all for a "plus" grade.

I am not into collecting coins for an investment but not in it for a huge loss either. Lets face it some day I will have to sell them and I don't want to hear "you don't have a plus sign, a sticker, and another sticker so I will only offer you $XXXX.XX"

This is just getting out of hand and it is overwhelming.
I already made plans to go to the Santa Clara show in April but after that I am quitting until all this dust settles.

This is just my opinion and I don't care if anyone disagrees, as I know many feel the same as I do.

mudskippie

<< <i>So now all my slabbed coins are worthless (worth less) unless I resubmit them all for a "plus" grade. >>



Your coins are not worthless; having a "plus" next to the grade is for premium coins that are a bit nicer than the assigned grade. I personally own a few hundred PCGS slabs, and I have many coins that will qualify for the "plus". But would I re-submitt those coins for the "plus"? The answer is NO, I love what I have and I am satisfied with what I have right now. I don't need the "plus" to appreciate the art, the history and the beauty! Don't be discouraged my friend! I'll be going to Santa Clare Coin Expo in April too, looking forward to see you there. Happy collecting!

Edited for spelling!

airplanenut

On the flip side, if you don't have the shield on the label, anyone should know that the coin was never reviewed for the +

ambro51

OK.

I'll let you.

BTW spring is a great time to start Fresh water fishing.

And nothing takes your mind off problems like a nice fat bass hitting a topwater lure.

JJM

Yea, I here ya, .......the time out will give the coins
some time to tone and chill out too....

ChrisRx

Thanks for the replies. I will always like and enjoy coins it is just too bad that when I turn to sell them that I will get the runaround for the plus sign, sticker, etc ETC.

Ambro, I am going to the lake this Saturday to try out a few kayaks I think I am going to purchase one... fishing sounds good now. Can't deal with the headache of building sets anymore! Taking the fun out of coin collecting one sticker at a time...

SDSportsFan

With all due respect, baseball card collectors were saying this exact same thing two years ago when PSA came out with half-grades. I'm more of a card collector than a coin collector, so I know a bit about it. As David Hall said in the video, prices for base-graded cards have not declined with the half-grades. Half-graded cards (e.g. PSA 8.5) have simply taken their place at a point between the base-grades (PSA 8 and PSA 9).


Steve

MsMorrisine

for older stuff, I think the market will be accomodating to those with and without.


I wonder what will come of the "+" or "s__r" or "s_____r" for moderns... especially newly issued from the mint moderns... it has been pondered that buyers are becoming more picky. So, will the pickiness skyrocket now?

I'm thinking on my end, not knowing a 69 from a 70.... having a number of each (but a majority 69s) and still wishing for 70's each and every time, it's just going to be really hard to pull PQ out. I think my pickiness won't change but wonder if I will have to accept, as ChrisRx muses, "worth less" coins as the market clamors for PQ and maybe ignores the not. (????)

ambro51

yeah my fishing gear is old and crummy....Im taking some serious time tonite on ebay...armed with my stuffed paypal acct. and getting all new gear.

Never liked fishing from a boat. Youre in a boat, you cast toward shore. Youre on shore...you just cast "out". I got blown over a dam one time years ago....got that darn canoe sideways and there was no recovery. not fun. lost a lot of stuff, including lunch.

ElKevvo

Really all of these changes have taken some of the fun out of it for me....the constant shifting of grades, beans, counterfeits, stars, plusses, doctors, etc really bring the shady business side of Numismatics to the forefront and keep it there. I have been collecting for like 35 years and am just getting worn down especially over the last decade.

K

IGWT

I don't blame you. I'm on a bit of a break, too; but it's not official. "Really all of these changes have taken some of the fun out of it for me....the constant shifting of grades, beans, counterfeits, stars, plusses, doctors, etc" Amen, Kevin.

291fifth

I suspect you won't be alone in cutting back or dropping out altogether.

I last purchased a US numismatic coin in September of 2008 and today's "Big One" announcement just serves to confirm my decision to leave US coin collecting for good.

All I collect now is a type of Irish paper money ... no slabs ... no "pluses" ... no stickers ... no big price tags ... and I love it.

cone10

<< <i>OK.

I'll let you.

BTW spring is a great time to start Fresh water fishing.

And nothing takes your mind off problems like a nice fat bass hitting a topwater lure. >>



I agree but I'm a dry fly trout man myself

IGWT

Maybe it's time to move fully to the Darkside. It's either that, or make a move to collecting opinions on U.S. federal coins. (Thanks for the line, Greg.)

Unknown

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BigE

<< <i>yeah my fishing gear is old and crummy....Im taking some serious time tonite on ebay...armed with my stuffed paypal acct. and getting all new gear.

Never liked fishing from a boat. Youre in a boat, you cast toward shore. Youre on shore...you just cast "out". I got blown over a dam one time years ago....got that darn canoe sideways and there was no recovery. not fun. lost a lot of stuff, including lunch. >>




***************Make sure you get the Garcia Super Pro reel with the special collector series sticker on it---------BigE

RedHerring

<< <i>...if you don't have the shield on the label, anyone should know that the coin was never reviewed for the + >>





That is a very good point that bears repeating. I have many coins that would get the "+" or the green bean. They currently have neither.

Your comment is very important and should be widely disseminated regarding non-"+" coins.

dirtybird

I think life just got more complicated. Do you think there will be universal agreement on the value of the plus coins?

Broadstruck

I'm not going to pay absurd asking prices for a little plus sign

coinman420

<< <i>OK.

I'll let you.

BTW spring is a great time to start Fresh water fishing.

And nothing takes your mind off problems like a nice fat bass hitting a topwater lure. >>




i hear ya. i`ll take `em topwater, spinnerbaits, rubber worms or a spoon!!!


i have slacked off on fishing the last few years but i think yer onto something here!!!

19Lyds

<< <i>On the flip side, if you don't have the shield on the label, anyone should know that the coin was never reviewed for the + >>



Something New to replace the OGH philosophies!

CEOGBOSE

Or maybe look at the glass as half full and say maybe the older holders will develop a premium.. LOL

19Lyds

<< <i>I'm not going to pay absurd asking prices for a little plus sign >>



No? Will you expect better prices for your "+" signed coins?

tmcsr69

<< <i>OK.

I'll let you.

BTW spring is a great time to start Fresh water fishing.

And nothing takes your mind off problems like a nice fat bass hitting a topwater lure. >>



Ditto these thoughts!

BaseballAbs

<< <i>yeah my fishing gear is old and crummy....Im taking some serious time tonite on ebay...armed with my stuffed paypal acct. and getting all new gear.

Never liked fishing from a boat. Youre in a boat, you cast toward shore. Youre on shore...you just cast "out". I got blown over a dam one time years ago....got that darn canoe sideways and there was no recovery. not fun. lost a lot of stuff, including lunch. >>

ChrisRx

<< <i>

<< <i>I'm not going to pay absurd asking prices for a little plus sign >>



No? Will you expect better prices for your "+" signed coins? >>



Never going to find out. Not going to waste money on resubmissions.
I see my feelings are being felt my many other collectors, and it really is too bad.

Eventually one has to say "enough is enough."

Edited to add:

I know that this "big news" has cost me a "big money loss."

It will be favorable for some coin dealers but collectors are the ones that are stuck with the tab.

coinkat

Give this a chance- you may be surprised that this all turns out

StubbyMcNumbthumbs

<< <i>

<< <i>OK.

I'll let you.

BTW spring is a great time to start Fresh water fishing.

And nothing takes your mind off problems like a nice fat bass hitting a topwater lure. >>



Ditto these thoughts! >>




OH YEAH!!! Big ole' Mr.Bass bursting out of the previously glass-calm water with the Hula Popper in his mouth! It doesn't get much better than that!

ricko

For those of us that consider coin collecting a hobby, this entire issure is 'interesting'. For those who are in the field as an investment, it appears as a threat. For those in the business, it is an opportunity. I have never been a grade or plastic chaser (yes, I appreciate a pristine coin, but a 70 is not a requirement to enjoy a coin), so I can stand outside the turmoil and observe. What I see is consternation among those who assign value to grade (as does the market) and consider their 'investment' to have been diluted. For those of us who collect coins for the enjoyment, (history, art, rarity etc), it is just another step in the commercialization of the hobby. Well, not totally. The new process does add value in that it takes us closer to true grading and solid standards (for those who bemoan the inconsistancies). Computer grading will soon follow, thus closing the loop and eliminating the crackout game (reduced resubmission costs for those playing in this area). More of the 'gray area' is being eliminated and coins will now have an electronic file for reference. The coins now slabbed will maintain their value, and for those playing the grade game, they can submit for the +, and take the last opportunity for grade enhancement. Some 'collectors' will surely be turned off by this move. No major program meets with 100% approval. As I have said before, some people would b*tch about winning the lottery. Others will study the program, see the positive points, and continue. True hobbyists will continue to collect - most avoiding the sticker, +, plastic etc price enhancers. Life goes on. Cheers, RickO

buffalohunter

a break sounds good , we all should do it !

littlebear

<< <i>On the flip side, if you don't have the shield on the label, anyone should know that the coin was never reviewed for the + >>



Jeremy:
There is a very old saying: "Don't confuse the issue with facts!" If you do that, it will take away from the enjoyment of misery. Relax, everyone. All of our coins are just what they were 2 days ago. Enjoy them and the hobby!


Larry L.

notwilight

Have a good break.

tmot99

Time to switch to medals where grading doesn't really matter. You get all the art, history, and beauty and the grade doesn't matter.

smokincoin

<< <i>Have a good break. >>

johnny9434

I really dont think that your coins are worthless, its just that this is a new thing. slabs are just that slabs. dont let that deter you

PerryHall

<< <i>a break sounds good , we all should do it ! >>



I agree. This "the big one" hysteria will blow over fairly quickly.

RedneckHB

<< <i>

<< <i>OK.

I'll let you.

BTW spring is a great time to start Fresh water fishing.

And nothing takes your mind off problems like a nice fat bass hitting a topwater lure. >>



Ditto these thoughts! >>



Heck yeah. But why wait for Spring? Hard water is a great time also. I caught 3 6-pound smallies through the ice this year. Now ice is gone and boat is already in the water.


Chris, sometimes its best to step back and take a break. Re-evaluate. Come back with a clear head. I've done that many times.

19Lyds

<< <i>

<< <i>

<< <i>I'm not going to pay absurd asking prices for a little plus sign >>



No? Will you expect better prices for your "+" signed coins? >>



Never going to find out. Not going to waste money on resubmissions.
I see my feelings are being felt my many other collectors, and it really is too bad.

Eventually one has to say "enough is enough."

Edited to add:

I know that this "big news" has cost me a "big money loss."

It will be favorable for some coin dealers but collectors are the ones that are stuck with the tab. >>



Personally Chris, I would never let the knee jerk reactions that some have posted on this forum to control my collecting habits. I do not know nor do I pretend to know what the future holds. I can look at what has occured in the past.

Lots of folks dissed PCGS when the company came out but look where they are at today? They've spawned the creation of other TPG's simply because folks NOW want their coins certified.

Lots of folks dissed CAC (me included) when they came out but look where they are today? How many TPG slabs now carry that bean?

I've heard that the folks across the street will be going " + " in the near future and in reality, plus has always existed, its just never been recognized out in the open. How many times have you read or heard that some coin a high end MS-xx? How often do coins that in reality are high end for their grades sell for more money?

Nothing is really changing except that coins which are high end for the grade will now get that designation onthe slab.

Will it affect the value of your collection? IMO, no. If your coins are high end for the grade, you know it as the coin speaks for itself. Plus graded coins will simply sell for more which is the way it always has been and always will be.

Personally, I've got coins that are all over the place. I send some back for their justly due downgrades, others I consider resubmitting for an upgrade yet wonder why the coin didn't make the cut. Some I wonder "What was I thinking?" while others I wonder "What were they thinking?"

It's all subjective but now that subjectivity is simply getting a bit more refined.

Take your break but check back often to see exacly where this pans out. I strongly expect that this change will affect the entire market including other TPG's. Whether or not its a response to CAC, I don't really know and don't really care since CAC won't address the coins I collect. What I do know is that the coins I possess that are above average for the grade, I hate to sell at average or below average for the grade prices and this gives me just a wee bit more leverage to do so.

Within 6 months, I expect that you'll see more " + " graded coins out there and we'll be discussing why they got the plus here on the forums. I also expect you'll see folks discussing their submission's and stating they just knew that this one or that one would " + ".

Give it some time and then make your way back.

jmski52

I decided to wait & comment after I fully understand what the whole picture looks like. Carry on.

RotatedRainbows

<< <i>I suspect you won't be alone in cutting back or dropping out altogether.

I last purchased a US numismatic coin in September of 2008 and today's "Big One" announcement just serves to confirm my decision to leave US coin collecting for good.

All I collect now is a type of Irish paper money ... no slabs ... no "pluses" ... no stickers ... no big price tags ... and I love it. >>



I am in the same boat, I can just enjoy what I have without all the new innovations that are supposed make grading better,more accurate or whatever but in the end just means collectors seperated from more of their money just to try to keep the resale value of their current coins .

Just look back to 1986 when slabbing was supossed to make coin grading so accurate that coins could be traded like stocks since grading standards would never change, they even had grading sets to use to make sure grades were consistent. But of course that did not work so along comes the CAC and the threads you see about someone having trouble getting fair value for a coin from a dealer without the magic bean regardless of how nice the coin is, just another excuse for dealers to low ball a collector because of no magic bean.

Seems as more money poors into a hobby the schemes pop up that in the end costs collectors more money just to keep up with the latest greatest thing in insure the value and sale ability of your coins for fair value. Just glad the majority of my coins are lower end (cirulated) collectible pieces.

PerryHall

Usually when I take a break from collecting, it's because I've run out of money.

CommemDude

For me, the hunt for registry coins is over. It's just not worth resubmitting 250 coins for a +, and I have now lost interest in paying big bucks for a 67 that really looks like a nice 66, or even MORE bucks for one that is suddenly 67+ in someone's else's opinion.

My experience with the green beans is that I often don't see how the bean got onto a particular coin, so let others enjoy the hysteria of + fever,
I am going back to buying lower grade nicely toned coins that appeal to me more than the number on the slab or whether there is a + or bean there. Or I might just leave everything in the safe deposit box and find another hobby.

PerryHall

<< <i>For me, the hunt for registry coins is over. It's just not worth resubmitting 250 coins for a +, and I have now lost interest in paying big bucks for a 67 that really looks like a nice 66, or even MORE bucks for one that is suddenly 67+ in someone's else's opinion.

My experience with the green beans is that I often don't see how the bean got onto a particular coin, so let others enjoy the hysteria of + fever,
I am going back to buying lower grade nicely toned coins that appeal to me more than the number on the slab or whether there is a + or bean there. Or I might just leave everything in the safe deposit box and find another hobby. >>



Your new approach to collecting sounds quite reasonable and your enjoyment of the hobby will likely increase as a result. There's always room for some sanity in this hobby.

mommam17

Dr Mike. Enjoy your coins. They are awesome. Have fun. Buy what you love.

BaseballAbs

A coin will always speak for itself regardless of the sticker, star, plus, holder. Just my oppinion, no need to get your pantys in a twist. I am just going to continue to enjoy the collecting experiance and forget about the flustrations. I think your coins are not worthless don't put so much faith in a plastic holder.




Edited because of my poor spelling caused by my lack of edjucation.

Ed1840

If you enjoy collecting. Plastic or no plastic, sticker or no sticker, none of this should matter. I only own 1 TPG coin, and don't plan on any more at the moment. I have made some great deals, and some bad. I have gained money on my coins and lost money. The TPG's are just trying to stay ahead in an active market, as any business will do. They just try to provide the (not always) best service for their customers, and move forward in the market. Take some time off, do some fishing, and when and if you come back I bet your coins (for the most part) will have increased in value.
My daughter does collect primarily TPG coins.

ambro51

Yeah I need to refocus my free time also.

Bought a ton of fishing gear.....and also Ive rejoined a civil war reenactment group. HUZZAH!

BaseballAbs

<< <i>Yeah I need to refocus my free time also.

Bought a ton of fishing gear.....and also Ive rejoined a civil war reenactment group. HUZZAH! >>



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