If CGS constantly undergrades coins or is always strict with grades, and collectors buy them then get them re-slabbed by PCGS etc. The same coin then comes back as a higher grade. Would this coin then sell for more on the open market/auction?
The answer should be no if the buyers bid on the coin and not the slab. However I suspect this isn’t always the case.
If so don’t you think CGS are wasting their time, as most of their coins run the risk of being cracked out and regarded to get a higher grade?
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
I think that there is some risk of buyers in the US resubmitting to PCGS or NGC for the higher grade and a better coin will bring more at a Goldberg or Heritage auction sale in a PCGS holder in any case. I don't know how much crossover has been attempted so far, but this may represent a source of value to the astute collector. I am not sure that this coin would do a lot better than a "61" or so though as it does have some minor issues that subject it to sub-choice levels...
Love that Milled British (1830-1960) Well, just Love coins, period.
<< <i>nice coin... I have not seen any CGS slabs since the NY International... there was one coin there in a CGS holder that I truly regret not buying >>
Was this was the one? I bought it there.
I manage money. I earn money. I save money . I give away money. I collect money. I don’t love money . I do love the Lord God.
No... Actually the coin I wish I had bought was discussed ahortly after the show... it was a 1687 James II Crown. Had it be 1688, I would have bought it.
Experience the World through Numismatics...it's more than you can imagine.
Comments
Isn't it unusual to see haymarking on these later coins, especially gold?
<< <i>Nice bit o' gold. Looks a bit nicer than an "80".
Isn't it unusual to see haymarking on these later coins, especially gold? >>
Not sure about the haymarking Mac. I thought it looks better too.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
BTW ... Nice gold !!
Well, just Love coins, period.
If CGS constantly undergrades coins or is always strict with grades, and collectors buy them then get them re-slabbed by PCGS etc.
The same coin then comes back as a higher grade. Would this coin then sell for more on the open market/auction?
The answer should be no if the buyers bid on the coin and not the slab. However I suspect this isn’t always the case.
If so don’t you think CGS are wasting their time, as most of their coins run the risk of being cracked out and regarded to get a higher grade?
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
Well, just Love coins, period.
Young Numismatist ............................ and growing!
Experience the World through Numismatics...it's more than you can imagine.
<< <i>nice coin... I have not seen any CGS slabs since the NY International... there was one coin there in a CGS holder that I truly regret not buying >>
Was this was the one? I bought it there.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Experience the World through Numismatics...it's more than you can imagine.