I would NEVER buy a coin that is not graded by PCGS
MidLifeCrisis
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Matrix1980 made this statement in his 2 Cent thread...and he got smacked around for it. One forum member even called it an an ignorant statement.
Well, I would NEVER buy a coin that is not graded by PCGS.
Of course there are nice coins out there in other holders. There are even nice coins out there that are raw. But before they found a home in my collection, they would be graded by PCGS.
I guess that makes me just another ignorant kool-aid drinker. I'm good with that.
Well, I would NEVER buy a coin that is not graded by PCGS.
Of course there are nice coins out there in other holders. There are even nice coins out there that are raw. But before they found a home in my collection, they would be graded by PCGS.
I guess that makes me just another ignorant kool-aid drinker. I'm good with that.
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NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
One cannot complete a truly great classic set in this day and age by doing anything else.
I will cross it over upon getting it in hand, hopefully!
BTW I made up my mind shortly after joining this forum to only do PCGS graded coins for anything over $200.00. and have stuck with it.
<< <i>Matrix1980 made this statement in his 2 Cent thread...and he got smacked around for it. One forum member even called it an an ignorant statement.
Well, I would NEVER buy a coin that is not graded by PCGS.
Of course there are nice coins out there in other holders. There are even nice coins out there that are raw. But before they found a home in my collection, they would be graded by PCGS.
I guess that makes me just another ignorant kool-aid drinker. I'm good with that. >>
I'll stop short of calling it an ignorant statment but it is a foolish outlook if you call yourself a collector, now if your a flipper or investor then that may be a wise decision. In fact for my area of collecting I now much prefer NGC, and to be fair I should thank all you kool-aid drinkers; thanks to your one brand decision there is less competition for some very nice coins in "other" holders in the market place.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I think he was mostly getting smacked around for starting a 2 cent thread.
I mean I guess I would have to consider it yes. But for me to have it regraded by PCGS is a real pain been from another country than the U.S I worry about lost or stolen items during it's travel time back and from PCGS....meaning it is just easier to buy a coin direct from that company to start of with....I also prefer the look or there holders.
<< <i>Been from Canada I herd to many bad things about any other foreign company except for PCGS....that is why I am the way that I am now. If you lived here you would see that anything other than PCGS is a ''BAD'' thing other than ICCS of course. NGC and others sell like at 30-40% of guide here. I would say 99% of dealers in Canada would almost never buy coins graded by any other companies than those 2. After so many years you just get to not like the other companies in the U.S. >>
So if your buying at 30% of guide, and then selling at 30% of guide how is this a bad thing?? In fact you could buy at 30% crack and sell raw at what 50% and make money??
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Would you buy a U.S coin graded by the # 1 company in Canada ICCS probably not or you would at least have second thoughts doing so. Let's turn it around and see what would you do say you have 2 of the same coin in front of you one been ICCS and one been PCGS. I do not ICCS is very popular in the U.S.
At a recent show in Cali I had my nicer PCGS coins priced at slightly (5-10%) over my calculated market value or what I call MV (the higher of CW vs CU). NGC coins were pirced at 100% MV and ANACS / ICG at 85-90% MV. The ANACS and ICG coins sold out. The ratio of sales between the NGC and PCGS coins was about equal and there were a few instances where I let hagglers take the coins at 95% of what I was asking.
I turned around and spent the money on PCGS Coins from various auctions like Ebay, DL paying about 65-70% of the CU value. In addition, I picked up some from walkup buyers if the deal was right. The dealer next to me was offering 60% - 65% of the CU price on PCGS coins just by looking them on CF (via his smart phone) entering the PCGS number then umbling around like he was researching various price guides and saying "Well the market buy is $XXX." Or "Well it seems to be bid at $XYZ put let me offer a little more as its quite nice." I asked him how he did that so convincingly (as many were selling to him) and he said "Well I have been taking acting classes."
Call me a Kool Aid drinker, but I like mine sweet.
<< <i>coinbuf
Would you buy a U.S coin graded by the # 1 company in Canada ICCS probably not or you would at least have second thoughts doing so. >>
I'm a collector and will and have bought some very nice coins in any holder so long as I feel the coin is good for the grade. The only caveat I'll add is that I would be leary of expensive key dates untill I have seen enough of that TPG's material to be confident in their ability to spot fakes.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Why it is a problem if I prefer PCGS and you just don't mind what company you buy...I do not judge you I am just glad other people enjoy this hobby like I do no matter what the differences are in each person. You do not need to convince me for we all have our own choices we make. When spending are OWN money we worked hard to make I think we all have the right to do business as we please. If you are happy then that is all that matters same for me.
From my OP - "But before they found a home in my collection, they would be graded by PCGS."
In other words, if I see a nice coin in another holder, or raw, I will either pass because it's just not worth the hassle...or I will make arrangements with the seller to buy it once it's crossed to PCGS, at the grade assigned to it by PCGS.
Edited to add: Of course, as with most things in this hobby, it depends on the coin. After all, grades assigned by any TPG are still nothing more than opinions.
(It's like buying dollar bills for 75 cents)
Check out the Southern Gold Society
And then get it into a PCGS holder.
Then by all means do so!!! You have that freedom of choice so enjoy it.
I know many countries where we must do as everyone else...but we have the privilege to do as we please in our countries so why can't we just all just enjoy our hobby our way and just leave it at that.
<< <i>Matrix1980 made this statement in his 2 Cent thread...and he got smacked around for it. One forum member even called it an an ignorant statement. >>
I don't know about PCGS *only*, but I think this person is fairly new to collecting and has a lot of questions. When you don't know all that much about what you doing in the coin market, this is probably safe advice. Limiting, yes, but that's better than making four-figure mistakes on a raw coin when you are still learning.
Do as you like like I said me it is very hard to send a coin to PCGS from Canada and makes me very nervous doing so. I have more peace of mind just simply buying it already in that holder....even then I get nervous during it's travel on it's way to me.
Amen to that!!! I been a rookie am safer with PCGS and it cause much less worry doing it that way.
<< <i>One forum member even called it an an ignorant statement.
Well, I would NEVER buy a coin that is not graded by PCGS.
Of course there are nice coins out there in other holders...... >>
I made the observation of ignorance. It was intended to convey that there are many nice coins in other holders, particularly NGC and by ignoring this fact he is limiting his access to many fine coins. Yes, they can be crossed for those who feel the need, but the holder doesn't change the quality of the coin.
Just so we're clear as to what the word ignorant means:
ig·no·rant [ig-ner-uhnt] adjective
1.lacking in knowledge or training; unlearned: an ignorant man.
2.lacking knowledge or information as to a particular subject or fact: ignorant of quantum physics.
3.uninformed; unaware.
4.due to or showing lack of knowledge or training: an ignorant statement.
Since he is new to U.S. coin collecting and has made a statement without much experience of buying U.S. graded type, the use of the adjective is accurate and is very different than the statement being described as stupid.
"Got a flaming heart, can't get my fill"
Don't worry did not make a big thing about it....just enjoy the hobby that is all that matters. I am not someone that will worry what others think I just want to do business the way I like and I am sure you feel the same. NGC is just not my cup of tea sure they have nice coins what company does not but like I said just not for me because I would knowing myself kick myself for having to have to send it by the mail to PCGS afterwards. I rather just go direct to the source.
There is no need for insults I am respecting everyone else here so please do the same. I am no sheep I just prefer what I prefer that is all. I have my masters degree so I know how to think on my own (critically) and do not appreciate your image showing a sheep. That is just not nice and is not needed. I am showing a lot of love and embracing the U.S coin market so please just show some respect.
<< <i>I prefer to only buy mint state medal-alignment Gobrecht dollars in PCGS Regency holders and only then from a fully authorized PNG dealer who resides in a state that begins with the letter H. >>
<< <i>Just so we're clear as to what the word ignorant means:
...
Since he is new to U.S. coin collecting and has made a statement without much experience of buying U.S. graded type, the use of the adjective is accurate and is very different than the statement being described as stupid. >>
I know what the word means.
I get the point you were trying to make with regard to him being new to US coin collecting. But I am not ignorant about US coin collecting and, as I said, I agree with him.
That was the point of my OP.
<< <i>
Better stick two sheep next to that Koolaid.
<< <i>I will buy coins in any holder or no holder at all, as it suits me. >>
<< <i>coinbuf
Why it is a problem if I prefer PCGS and you just don't mind what company you buy...I do not judge you I am just glad other people enjoy this hobby like I do no matter what the differences are in each person. You do not need to convince me for we all have our own choices we make. When spending are OWN money we worked hard to make I think we all have the right to do business as we please. If you are happy then that is all that matters same for me. >>
I have no problem with you, you can spend your monies on whatever you choose; however this is a somewhat open forum and I have simply voiced my opinion that those who only look at one brand of holder and completely ignore all else are not into collecting coins but rather a brand of plastic. This is not directed at you as you seem to have taken it, mearly that I veiw a collector as someone that studies coins and builds a collection of cool, and interesting coins no matter the holder it comes in. In fact you should be happy that many of the responders to this thread including the op agree with you. Like I said your leaving money on the table, if I were you I'd buy NGC holdered coins for 30% and sell on ebay for a huge profit. In fact please link a dealer in your area who is selling NGC coins at 30-40%, perhaps thay might have something I could use and get it at a huge discount.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I buy raw and submit to PCGS. Sometimes it's good and sometimes it's brutal.
``https://ebay.us/m/KxolR5
<< <i>I'll buy a coin any which way, but if it's worth slabbing it is sent to PCGS. >>
I think most of us think the same way.
I don't know why matrix even calls this a hobby when he just buys for investment. He probably doesn't even enjoy the coins.....he just looks at it from a "profit" view.
I think once NGC allows all coins into their new black slabs, I will get my pcgs coins put into NGC black slabs!
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
While my preference is to buy a PCGS/CAC coin, I will under certain circumstances buy PCGS, NGC/CAC or even NGC no CAC. As long as one does it with one's eyes wide open and weighs ALL the pros and cons appropriately, it's 100% ok to do.
One cannot complete a truly great classic set in this day and age by doing anything else.
That last sentence bears repeating. And although TDN did not mention raw coins, I have no doubt that he would also buy the right raw coin under the right circumstances. Bottom line is that if you want to build a truly great set of rare coins, you cannot ignore any opportunity to buy the right coin.
One more thing. For those of you that must have your coins in PCGS holders, and who don't have the confidence to buy a coin that will need to get graded by PCGS, there are plenty of dealers that can help you. Maybe that just means getting a second opinion on the coin and accepting a degree of risk. Maybe it means getting a guaranty of some sort from the dealer. (For example, you could agree to pay the dealer a predetermined profit if the coin crosses. Otherwise, the dealer is stuck with the coin.) Whatever it takes, just get it done.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>
<< <i>I'll buy a coin any which way, but if it's worth slabbing it is sent to PCGS. >>
I think most of us think the same way. >>
I guess I'm bucking the trend all the way around in this thread.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
You judge pretty fast my ''friend''!!! I love coins and old comic books and sports cards...have so since I have been 9 years old and never stopped....now that I make money I want to spend it wisely what is NOT normal about that...you been a true collector just because you prefer other holders makes no sens to me and should not to any human that has a brain. If you have a grudge with me because I prefer a certain holder you have serious issues that go beyond coin collecting. If I was only thinking about the money side I would only buy rare old comic books that go up much more than the coins I am buying.
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