If you are a coin COLLECTOR, nothing has really changed for you....
coinguy1
Posts: 13,484 ✭✭✭
It's still as easy (or difficult) as 1, 2, 3, just like it always has been.
Step 1: Examine the COIN and decide what YOU think about it.
Step 2: Find out the seller's asking price.
Step 3: Buy it or not, with or without negotiating.
This is how it was done before TPG's came into existence and how it can be done now, even with TPG grades and/or various designations/modifiers, etc.
Repeat after me, "It's as easy as 1, 2, 3", and then try it that way - you might feel a whole lot better.
Step 1: Examine the COIN and decide what YOU think about it.
Step 2: Find out the seller's asking price.
Step 3: Buy it or not, with or without negotiating.
This is how it was done before TPG's came into existence and how it can be done now, even with TPG grades and/or various designations/modifiers, etc.
Repeat after me, "It's as easy as 1, 2, 3", and then try it that way - you might feel a whole lot better.
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Ignore the possibility that the coin has been expertly manipulated (and that it might change over time or that someone more experienced than you will eventually point this out to you), and this could be a substantial detriment if you ever decide to trade or sell the coin.
Okay, got it.
In honor of the memory of Cpl. Michael E. Thompson
The power needs to go back to The People.
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)
<< <i>Step 1: Examine the COIN and decide what YOU think about it. >>
I'm surprised you don't understand that it's not about what the buyer thinks, but rather what the seller can make the buyer think he thinks.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>Step 1A.
Ignore the possibility that the coin has been expertly manipulated (and that it might change over time or that someone more experienced than you will eventually point this out to you), and this could be a substantial detriment if you ever decide to trade or sell the coin.
Okay, got it.
Exactly. Collectors have to be pretty darn informed and experienced (ie cynical) to decreased their chance of getting "creamed".
1. Since TPGs , they are not being screwed quite so bad.
2. They are now able to get some assurance that a coin
is not a copy , as well as learn which coins are solid for
the grade and which coins are ultimate for the grade.
3. It seems a much more stable field for the collector to
collect in. Now we have the following levels
PCGS Grading..A numbered grade for a coin
NGC*..............A numbered grade with an exceptional aesthetic appearance.
PCGS/NGC.......Green Bean Solid for the grade X.5
PCGS + The very top of the grade 15% and excellant aesthetic appearance
PCGS..............Gold Bean...Likely upgrade or at least a +
Camelot
<< <i>I see the OP is mixing his own brand of KOOL AID >>
And what brand would that be? Oh, you meant the "Collectors should decide what they like and how much a coin is worth to them" brand. Guilty as charged.
<< <i>
<< <i>Step 1A.
Ignore the possibility that the coin has been expertly manipulated (and that it might change over time or that someone more experienced than you will eventually point this out to you), and this could be a substantial detriment if you ever decide to trade or sell the coin.
Okay, got it.
Exactly. Collectors have to be pretty darn informed and experienced (ie cynical) to decreased their chance of getting "creamed". >>
True, but there is nothing new in that. It was applicable before TPG's came into being, and it is now, too.
When a dealer is selling a coin with a "+", you'll be lucky if you pay less than 1.5x-1.75x over "sell".
I don't think that part of the hobby/business is going to change one bit. Just like it has always been with the so-called "PQ" coins to date. When a collector is selling them, the coins are "ok". When a dealer is selling them, the coins are PQ+++++++. Of course I'm speaking in general terms and not with absolutism.
<< <i>It's still as easy (or difficult) as 1, 2, 3, just like it always has been.
Step 1: Examine the COIN and decide what YOU think about it.
Step 2: Find out the seller's asking price.
Step 3: Buy it or not, with or without negotiating.
This is how it was done before TPG's came into existence and how it can be done now, even with TPG grades and/or various designations/modifiers, etc.
Repeat after me, "It's as easy as 1, 2, 3", and then try it that way - you might feel a whole lot better.
That's funny. Seems to be the exact same thing I have been saying (and doing) concerning slabs in general.