New grades do not fall (enough). Most of the rationale for grading is that the assigned grades makes arriving at agreeable pricing easier for buyers and sellers. Things would be much simpler if there was some type of fixed grading scale, one not tied to cycles in marketplace values. As things stand, much of the value extracted from coin trading by knowledgeable people is tied to gaming the system. What has been going on has created confusion, pricing guides that people do not trust, and a great deal of cynicism.
Member: EAC, NBS, C4, CWTS, ANA
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
As someone else posted above. Buy a coin you like that's solid for the grade, and forget about doing anything other than enjoy it until it's time to sell. This thread is one of the reasons I ignore the registry sets.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
@topstuf said:
It's too bad the founding fathers didn't have the foresight to drop coins from the screw presses into velvet bags.
The closest may be William Strickland who met with a few founding fathers and put away the Lord St. Oswald coins which were later stored in his descendants' Thomas Chippendale coin cabinet.
Now that both grading entities insist only coins graded by them are eligible. What a bunch of BS. Many coins in sets are so tough to get you don't want to cross it just to play their game. Bottom line is many sets are only a partial showing of what a collector has assembled. why bother. Both TPG entities will have to find a better way to get me to cross a coin in their holder. It is all about money as opposed to allowing the collector to see some of the best coins out there. I am all out.
Comments
It's too bad the founding fathers didn't have the foresight to drop coins from the screw presses into velvet bags.
New grades do not fall (enough). Most of the rationale for grading is that the assigned grades makes arriving at agreeable pricing easier for buyers and sellers. Things would be much simpler if there was some type of fixed grading scale, one not tied to cycles in marketplace values. As things stand, much of the value extracted from coin trading by knowledgeable people is tied to gaming the system. What has been going on has created confusion, pricing guides that people do not trust, and a great deal of cynicism.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
As someone else posted above. Buy a coin you like that's solid for the grade, and forget about doing anything other than enjoy it until it's time to sell. This thread is one of the reasons I ignore the registry sets.
"Seu cabra da peste,
"Sou Mangueira......."
The closest may be William Strickland who met with a few founding fathers and put away the Lord St. Oswald coins which were later stored in his descendants' Thomas Chippendale coin cabinet.
Now that both grading entities insist only coins graded by them are eligible. What a bunch of BS. Many coins in sets are so tough to get you don't want to cross it just to play their game. Bottom line is many sets are only a partial showing of what a collector has assembled. why bother. Both TPG entities will have to find a better way to get me to cross a coin in their holder. It is all about money as opposed to allowing the collector to see some of the best coins out there. I am all out.