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How is market acceptance for PCGS "Genuine" coins?
291fifth
Posts: 24,115 ✭✭✭✭✭
Are they good sellers on:
1. Ebay
2. Teletrade
3. Major auctions
4. The Bourse floor
5. Dealer web sites
... or are they market poison?
1. Ebay
2. Teletrade
3. Major auctions
4. The Bourse floor
5. Dealer web sites
... or are they market poison?
All glory is fleeting.
0
Comments
Tough question to answer.
ANY item, "properly" priced, will be a good seller.
BTW I sent it in for grading and they coded it, lost money on it needless to say.
Added per later comment it was a 1893 Barber Half Dollar.
<< <i> At least raw coins may have a chance to pass PCGS grading standards. >>
These days, I think REAL is more important.
But I do have at least one raw coin that would clearly 'genuine' if it was worth slabbing (which it is not).
While that's true, it's hard to sell a "genuine no grade" coin to somebody that doesn't know exactly what he's doing, mainly because there's less help from the price guides.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>ANY item, "properly" priced, will be a good seller.
While that's true, it's hard to sell a "genuine no grade" coin to somebody that doesn't know exactly what he's doing, mainly because there's less help from the price guides. >>
Good point.
Here's one of them:
<< <i>ANY item, "properly" priced, will be a good seller.
While that's true, it's hard to sell a "genuine no grade" coin to somebody that doesn't know exactly what he's doing, mainly because there's less help from the price guides. >>
I also suspect that the wholesale buy-retail sell spread on 'genuine no grade' coins (leaving out a few exceptions, like chain cents) is much greater than for similar coins that graded.
This issue is not nearly as serious with early coppers, however. EACers net grade everything, including coins that the TPGs won't grade. Copper Quotes by Robinson helps a great
deal with pricing.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Early coppers are more likely to be in Genuine holders than Franklin Half Dollars. Also it depends on the coin too. I've seen many coins graded Genuine that later graded at PCGS. They has been way too easy with the "Genuine" grade lately.
<< <i>There are many PCGS Genuine coins I would consider. >>
I agree 100% Especially the ones with questionable color I really think PCGS is shooting their foot off with some "questionable color" issues. I'm not at all sure how they arrive at these conclusions on some coins I've seen in genuine slabs. Some are no problem at all....
<< <i>I think respondents should qualify their answer by stating what they collect.
Early coppers are more likely to be in Genuine holders than Franklin Half Dollars. Also it depends on the coin too. I've seen many coins graded Genuine that later graded at PCGS. They has been way too easy with the "Genuine" grade lately. >>
Couple of agreements.
I have to smile when I see someone post a thread saying they got 8 out of 8 coins graded, and
when you look at the submission you see Proof 69-70 graded modern bullion pieces. Now go 8 for 8
on early copper or even early silver and you can talk.
Secondly, I agree with you 100% in that once the door was opened for the Gennie slabs, which so many
of us asked for, the Genuine holders have resulted in too many gradable coins being put in these slabs.
Way too many.
If you're a collector of lesser means, it may be the only way you can afford a coin in
that price range and be assured it is genuine.
I've purchased a number of "genuines" at reasonable prices, cracked them out, and
use them as pocketpieces.
Just my eversohumble opinion.
Cheers,
Bob
<< <i>Tough question to answer.
ANY item, "properly" priced, will be a good seller. >>
99¢ no reserve will move almost anything out the door. But cleaned coins listed at MS64 prices will not move anywhere IMO.
Common material, it's death.
Super rare desirable coins where perhaps 3-4 of 6 known (including those in the Smithsonian) have been repaired, that's a different matter.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Worry is the interest you pay on a debt you may not owe.
Voltaire: Paper money eventually returns to its intrinsic value---zero.
They sell like crap from what I see.
I would wager on the open market the very same coin .....IF authenticity is not an issue...would sell for more $ !!!RAW.
<< <i>Common material, it's death. Super rare desirable coins where perhaps 3-4 of 6 known (including those in the Smithsonian) have been repaired, that's a different matter. >>
Ditto.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
So I haven't learned anything other than you can get a lot of these coins for next to nothing that are often well struck, just a funny shades of red and orange, funny colors just like green, pink, blue, magneta, rose and purple toners!
So if you have Genuine Well struck Lincolns, let me know. Call me what you want. I like them. I think they are fun!
This option to me was better than either never having that coin OR having one that grades way less than the rest fo the set.
I figure I saved about 30%, and have a coin that isn't counterfeit, and it may grade if I resubmit (something I'm not likely to do, since I think it's kind of a racket). I thought about submitting it to another TPG service, but will likely leave it as is. (To me a PCGS Genuine coin is more valuable than a graded "off brand" holder). The rest of my set is raw (some of which I cracked out of graded holders).
I also have an AU 1908 $5 gold piece in a Genuine holder, it's a nice piece (surfaces) and only set me back a touch over gold money. What my kids get for it after I'm gone, I could care less.
Is my thinking on this goofed up??
Pete
Louis Armstrong
<< <i>Agree with what's been already stated - depends.
Common material, it's death.
Super rare desirable coins where perhaps 3-4 of 6 known (including those in the Smithsonian) have been repaired, that's a different matter. >>
How 'bout 9 known but tooled?
<< <i>
<< <i> At least raw coins may have a chance to pass PCGS grading standards. >>
These days, I think REAL is more important. >>
I totally agree with you "REAL is more important” When PCGS will show coin online? I really hope they will do this very soon. I just bought a PCGS graded coin eBay. Someone told me the coin is fake or the holder is fake. I just cancelled the transaction. If PCGS still don’t want to change this, I am sure NGC will take over PCGS as a leader.