If The Big One™ announcement is so significant, do we run the risk of making our other slabbed coins
Longacre
Posts: 16,717 ✭✭✭
I, like all others, am awaiting The Big One™ announcement with baited breath. I will literally be on the other side of the world, traveling for The Man, but will be continually checking the AP wires for the announcement. This will be a monumental announcement, indeed.
However, as an owner of some coins in <gasp> another service’s slabs, I am now shaking in fear as to whether the value of those coins might drop like a stone if The Big One™ announcement is as significant as we expect it to be.
Is anyone considering the potential impact on their “other” slabbed coins in advance of the announcement? Is it possible to short my NGC slabs in the market?
However, as an owner of some coins in <gasp> another service’s slabs, I am now shaking in fear as to whether the value of those coins might drop like a stone if The Big One™ announcement is as significant as we expect it to be.
Is anyone considering the potential impact on their “other” slabbed coins in advance of the announcement? Is it possible to short my NGC slabs in the market?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
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Comments
Edited to add: talking bbo and abo PCGS slabs here.
<< <i>I don't understand why your avatar is Bigfoot, but your forum name is AngryTurtle. >>
I look more like bigfoot than an angry turtle.
You forget the improvements most of us can relate to, like the million dollar club.
Don't forget to hedge for the possibility that PCGS's "The Big One™" is countered shortly thereafter by NGC's "The Bigger One™".
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Lance.
<< <i>I, like all others, am awaiting The Big One™ announcement with baited breath. >>
What, you jamming worms in between your teeth now?
60 years into this hobby and I'm still working on my Lincoln set!
<< <i> Is anyone considering the potential impact on their “other” slabbed coins in advance of the announcement? Is it possible to short my NGC slabs in the market?
Don't forget to hedge for the possibility that PCGS's "The Big One™" is countered shortly thereafter by NGC's "The Bigger One™". >>
Andy, while I doubt that we could do so, perhaps we should try to trademark "The biggest one" now?
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>I have liquidated all my PCGS coins and put all the money into CLCT stock in anticipation!!! >>
I am calling my broker tomorrow.....
Please correct me if I am wrong, but aren't they already "short" on the market. Please pass the Kool-aid.
<< <i>I'm concerned they're going to come up with something like a new grading system or slab, which will require reholdering of existing PCGS certified coins. So you should worry if you have PCGS slabs too. Now I hope you feel better. >>
That's my guess as well. Bottom line, it will either cost me more money, or ultimately make my current holdings of certified coins less valuable unless I spend the extra money to strategically game my coins into the new grading system, slab, or "PQ" designation of some sort.
<< <i>..., but will be continually checking the AP wires for the announcement. >>
try the PR newswire surely they will have it and it will be embargoed until the time of the announcement!!