Poll: If the coins you paid premiums prices for failed to garner a plus + on regrade it means:
CalGold
Posts: 2,608 ✭✭
Another thread about “bang for the buck” got me thinking about how chasing plus grades fits in so I started this poll.
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CalGold
Posts: 2,608 ✭✭
Comments
So far as "+" goes, I put that on par with getting hit by lightning. The odds are against you.
Can you edit the title so it's English?
Lance.
<< <i>Can you edit the title so it's English?
Lance. >>
I attended the Laura Sperber Skool of Typing.
CG
Time for an eye exam
You realize your grading skills aren't what you thought they were
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
2. Work on understanding the strike characteristics of series
3. Look at coins raw and graded at coin shows-attempt to find good light as that can be problematic on the bourse floor
4. If problem persists, seek other opinions and work with other dealers
Experience the World through Numismatics...it's more than you can imagine.
In any case, plus is supposed to be top 10% to 15% for the grade. The coin might be nice but not quite that nice, or the coin might be in the lower tier and you have more serious problems. A person wanting the top 10% of coins for the grade, had best be in the top 10% of all graders as well, and most folks are not in that category. The person with average grading chops (and most collectors are somewhat average) seeking top 10% coins that aren't designated is likely fooling themselves as to what is a realistic goal.
If a novice walks the bourse at a major show, more than half the dealers will offer coins at or near full retail prices. Nothing near half of those dealers will offer mostly plus quality slabbed coins that aren't already designated. Now of course, after a few years of experience and spending, the novice will be able to get better prices, and some may squawk that "full retail price," isn't "premium price."
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Wow!! I'm surprised at the number of forumites that picked B. Are we really that cynical? >>
Not everybody. I picked C, just pretend like it's PQ. That's what I always do.
<< <i> Wow!! I'm surprised at the number of forumites that picked B. Are we really that cynical? >>
Apparently, but not surprisingly so given the long history of posters talking about their grading experiences, and dealers on the bourse gabbing about having to send coins in twenty times before the grading services finally got it “right.”
I have not yet sent in any coins in quest of plus grades but I am seriously considering doing so. I have been trying to look at plus graded coins to see if I can get a sense of what PCGS is looking for to give a plus grade, but I don’t attend very many shows and have seen few plus graded coins on the bourse. And from what I have seen in person and looking at photos on the internet my reaction has ranged from “yeah that looks like a liner” to “you’ve got to be kidding me.”
The concept of standing pat on one’s own opinion that a coin is high end or PQ will not hold water as plus grades gain traction and the pops of plus graded coins grows. At that point, PQ wont mean anything in the market place. The plus grade candidates in older holders will become the province of the crack out specialists. To walk the walk and garner a premium price the coin will have to be in a plus grade holder—or maybe an old green one.
CG