Question : David Halls Numismatic Investment Group

Comments

• roadrunner Posts: 28,371 ✭✭✭✭✭

  May 2, 2008 9:52PM

  I would guess that your coins are from the pre-slab era of 1983-1986 or even through 1990. In any case it is impossible to value those just based on what you've stated so far. Though DH is acknowledged as one of the best graders in the world, what was being marketed through his firm in the early 1980's might not be an accurate reflection of what is in holders today (could be higher or could be lower, or could be the same). If I had to hazard a guess they're probably close to today's standards. But you'd be taking some potential risk to purchase the coins based on assigned DHRC unless you are somewhat experienced in grading those coins yourself. If these were truly from the pre-slab era, the standards were somewhat different in 1983-1986.
  
  roadrunner

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• fivecents Posts: 11,207 ✭✭✭✭✭

  May 2, 2008 10:01PM

  All of the coins in those old school flips from David hall's NI group seem fairly PQ for the grade. The grading standards were much more conservative back then than they are at present day.

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• roadrunner Posts: 28,371 ✭✭✭✭✭

  May 2, 2008 10:38PM

  The grading standards were much more conservative back then than they are at present day.
  
  I whole heartedly disagree. The standards coming out of the 1982 recession were very tight but by 1983 had loosened up considerably imo. When selling to dealers in 1982-1983 it took a great coin to make 65, unfortunately those same dealers when selling back to collectors required a lot less of their MS65's (lol). The standards in place from 1983-1986 really had more to do with the individual dealer's ethics and business model as it seemed most everyone stretched grades to some extent. Yeah, I'm sure that among dealer to dealer trading at the national level that there was a specific standard in place as to what constituted a MS65 coin for example (or what would trade for MS65 money). But at the retail level the average coin buyer probably saw a dozen different "definitions" at larger coin shows of what was "MS65." While the standards should have been more conservative than today, and in many cases they were, it was not applied generally. Also remember that the coin scammers feasted on the market from 1983-1986 until the FTC stepped in to warn the hobby that it needed to clean itself up. If you didn't know how to grade during this period you got your a$$ handed to you unless you hooked up with a great dealer (not very likely). There were far more firms stretching the truth than being conservative. How DHRC or any other larger retail graded in this period depended more on themselves than the market. Yes, there were some national level dealers who toed the line, but not many.
  
  But sure, if you knew how to grade and looked around the market, what you bought in 1983-1986 held up very well compared to today's standards. Ok, so those people probably made up 0-10% of the coin buyers. Most of the gem 65 coins I bought in that period slabbed out as 65 or 66 in the later 1980's...but got a few body bags due to AT. A couple only graded out as 64's. Today those are all another point or more higher.
  
  roadrunner
  
  
  

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