legend's ANA and THE BIG ONE show report

joebb21 · March 28, 2010 1:40AM

I got your back MJ

legend's ana report

joebb21 · March 28, 2010 1:51AM

The definiton of dreck:

"DRECK (sorry, but its the term we use)! Can't help it if the chatroom weenies do not want to hear that. But junk is junk and people were not buying the stuff. And again, something like an AU53 1894 50C is NOT dreck! An UGLY MS64 Bust Half is!"

that (imop) is as simple as it gets.

also-

"The ONLY problem, we do NOT understand the grading. We saw coins that should NOT have had the + while other coins SHOULD have had it and did not. We were totally confused and bewildered. With all due respect to PCGS, we grew up in this business trained to grade only one way using the system that has been in place for well over 25 years. We just can't stop and change overnight into a confusing 700 point scale. Until we learn the new system and really understand it, Legend will continue dealing the way it always has (looking for the BEST coin in holders) and ALL COINS WILL HAVE CAC STICKERS THAT ARE SOLD BY US. As far as we know, the new + service will NOT effect how CAC stickers coins."

It was just a matter of seconds before this would happen. Pcgs gave the + when it might not neccesarily deserve it (but of course its all opinions anyway) while coins that might deserve the + (in laura's opinion- and while all us weenies may not like her, we have to admit, she does have an incredible eye for grading) did not get it, but do get a cac sticker.

Barndog · March 28, 2010 1:53AM

my time at #1 was short, but sweet. Looks like "Simpson" bought the "Law Collection" so now I'll be back to #2 on the capped bust half dimes registry. I hope the new owner makes an effort to post photos instead of just numbers.

coinguy1 · March 28, 2010 1:56AM

<< <i>The definiton of dreck:

"DRECK (sorry, but its the term we use)! Can't help it if the chatroom weenies do not want to hear that. But junk is junk and people were not buying the stuff. And again, something like an AU53 1894 50C is NOT dreck! An UGLY MS64 Bust Half is!"

that (imop) is as simple as it gets.

also-

"The ONLY problem, we do NOT understand the grading. We saw coins that should NOT have had the + while other coins SHOULD have had it and did not. We were totally confused and bewildered. With all due respect to PCGS, we grew up in this business trained to grade only one way using the system that has been in place for well over 25 years. We just can't stop and change overnight into a confusing 700 point scale. Until we learn the new system and really understand it, Legend will continue dealing the way it always has (looking for the BEST coin in holders) and ALL COINS WILL HAVE CAC STICKERS THAT ARE SOLD BY US. As far as we know, the new + service will NOT effect how CAC stickers coins."

It was just a matter of seconds before this would happen. Pcgs gave the + when it might not neccesarily deserve it (but of course its all opinions anyway) while coins that might deserve the + (in laura's opinion- and while all us weenies may not like her, we have to admit, she does have an incredible eye for grading) did not get it, but do get a cac sticker. >>

I guess grading is subjective after all. I thought Laura already knew that

123cents · March 28, 2010 2:09AM

I guess I'm a weeny because I don't like the term dreck. What Laura calls dreck is probably mine or someone else's treasure.

bidask · March 28, 2010 2:13AM

That Legend report is well written.

It is great seeing the collectors of big coins come out of the closet.

I have gone from weeny to wannabee to coin rock star groupie. Laura rocks!

I could hang around her all the time at coin shows but she sends me away half the time.

MrOrganic · March 28, 2010 2:21AM

chatroom weenies???

LOL oohhh Mizzzz Laura does not like unbiased, non-kool-aid drinkin criticism

smokincoin · March 28, 2010 2:29AM

The respect for these types continues to fade! Word of mouth will eventually bite them!

BAJJERFAN · March 28, 2010 2:34AM

<< <i>The definiton of dreck:

"DRECK (sorry, but its the term we use)! Can't help it if the chatroom weenies do not want to hear that. But junk is junk and people were not buying the stuff. And again, something like an AU53 1894 50C is NOT dreck! An UGLY MS64 Bust Half is!"

that (imop) is as simple as it gets.

also-

"The ONLY problem, we do NOT understand the grading. We saw coins that should NOT have had the + while other coins SHOULD have had it and did not. We were totally confused and bewildered. With all due respect to PCGS, we grew up in this business trained to grade only one way using the system that has been in place for well over 25 years. We just can't stop and change overnight into a confusing 700 point scale. Until we learn the new system and really understand it, Legend will continue dealing the way it always has (looking for the BEST coin in holders) and ALL COINS WILL HAVE CAC STICKERS THAT ARE SOLD BY US. As far as we know, the new + service will NOT effect how CAC stickers coins."

It was just a matter of seconds before this would happen. Pcgs gave the + when it might not neccesarily deserve it (but of course its all opinions anyway) while coins that might deserve the + (in laura's opinion- and while all us weenies may not like her, we have to admit, she does have an incredible eye for grading) did not get it, but do get a cac sticker. >>

Since there will be disagreement among the various expert parties about why a coin did or did not get a plus, perhaps a written explanation that can be viewed thru the cert # verification lookup might be in order.

coincollector2007 · March 28, 2010 3:59AM

I like her honesty about what she saw and felt. Sounds like many dealers were waiting to hear about the BIG ONE.

Me, I'm not ready to trust PCGS. I like the confort and unbiased opinion the CAC sticker gives me. I am a good grader, but theres too much I do not know.

Did she call us weenies? Aren't they something you roast? I'm going to start calling her queenie!

Good save Joebb! Seems like the powers to be here are flipping out again.

ocon4008 · March 28, 2010 5:50AM

Confucius said: "Everything has its beauty, but not everyone sees it" and “Life is really simple, but we insist on making it complicated.”

Coins are no exception.

MrEureka · March 28, 2010 6:01AM

The ONLY problem, we do NOT understand the grading. We saw coins that should NOT have had the + while other coins SHOULD have had it and did not. We were totally confused and bewildered.

If she thinks she knows which coins should and should not have a +, then she must not be so be confused. She just doesn't like the grading. Right?

Edited to add that I have no opinion about the grading yet. I have not seen enough of the newly graded coins.

abitofthisabitofthat · March 28, 2010 6:03AM

<< <i>The definiton of dreck:

"DRECK (sorry, but its the term we use)! Can't help it if the chatroom weenies do not want to hear that. But junk is junk and people were not buying the stuff. And again, something like an AU53 1894 50C is NOT dreck! An UGLY MS64 Bust Half is!"

that (imop) is as simple as it gets. >>

A good report, as usual, from Laura - I like anyone who gives their opinion, whether I may agree with it or not. As for the dreck issue, for some reason people say that this word is "elitist". It is not. A drecky coin is a coin that is not nice for its grade, and a coin that a picky collector will not want. It has nothing to do with the dollar value, and everything to do with quality. If you don't like a coin being called 'dreck', you can substitue 'dog'. Some coins are dogs, plain and simple, and their is nothing elitist about calling them what they are.

curly · March 28, 2010 6:13AM

Awright fellers, lets try this again. Every time Laura post her Sunday report, some of you brothers go off on a frenzy about what she has to say.

Dreck is low eye appeal for the grade, nothing more. Dreck runs the gamut of grades from poor 01 to MS. It's everywhere in coin shows. She is just challenging you to go for eye appeal in whatever grade you choose to collect in and not let price be the common denomimator when you buy a coin.

edited for: dumba$$ spelling

TwoSides2aCoin · March 28, 2010 6:19AM

She loves me. Am I the only one who feels it ?

Justacommeman · March 28, 2010 6:56AM

<< <i>I got your back MJ

legend's ana report >>

Thank goodness Joe with appreciation. The last one I posted sparked a forest forum fire..................MJ

ecichlid · March 28, 2010 6:57AM

I am a chat room weenie. Proud of it too!

19Lyds · March 28, 2010 7:15AM

"DRECK (sorry, but its the term we use)! Can't help it if the chatroom weenies do not want to hear that. But junk is junk and people were not buying the stuff. And again, something like an AU53 1894 50C is NOT dreck! An UGLY MS64 Bust Half is! "

Finally something I can agree with Laura on.

Yes I know its a repeat quote but I just had to say it myself.

PS: I can't really comment on that "weenie" thing though or I'll get the boot for sure!

Bear · March 28, 2010 7:17AM

I have found that dealers are not so different from collectors when it
comes to having our coins sent for grading. When we get the grades
we were hoping for all is well with the world and the TPGs are the
greatest thing since instant coffee.

However, when we do not get the grades we were hoping for, then the
TP graders don't know what they are doing are inconsistent and are a
bunch of dummies.I have seen graded coins I liked and coins the same
grade I did not like. As for the new PLUS grading system, it is new, it
is something that needs time to develop and yes, we will continue to
complain about the grading for that is what the human nature is disposed
to do. It helps to dissipate the angst.

Lakesammman · March 28, 2010 7:18AM

Interesting reading - thanks for posting it. Looking forward to seeing the (+) coins at Central States.

Bear · March 28, 2010 7:22AM

If we are indeed coin weenies, we are some of the finest
coin weenies in the whole world, right here on this Forum.

lkeigwin · March 28, 2010 7:27AM

Ha. Laura is a piece of work. Always entertaining. Even her spelling is better. And yes, Joe, I'm sure she loves you.
Lance.

legend's ANA and THE BIG ONE show report

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