The down side of Plus grading

Comments

• Schatzy Posts: 169

  March 27, 2011 3:15AM

  Well technically it is your fault for selling!!

  Jaime ~Proof Roosevelt Hoarder~ My Roosevelt Set

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• MidLifeCrisis Posts: 10,550 ✭✭✭✭✭

  March 27, 2011 3:17AM

  If you did well in your sale of the coin, then focus on that and be happy for the new owner.

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• savoyspecial Posts: 7,298 ✭✭✭✭

  March 27, 2011 3:36AM

  take solice in this: it is the same coin

  www.brunkauctions.com

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• Sonorandesertrat Posts: 5,695 ✭✭✭✭✭

  March 27, 2011 3:41AM

  I agree with MLC. Lots of collectors sell for too little or sell too soon (i.e., before a big price jump). I did the latter in Jan. 2007, selling a full set of ChAU Barber halves. If I had them today, they would be worth a lot more.
  
  You enjoyed the coin, did well in selling it, so let the issue go. Coins should be a source of pleasure, not aggravation.

  Member: EAC, NBS, C4, CWTS, ANA
  
  RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
  
  CJ: 'No one!' [Ain't no angels in the coin biz]

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• ricko Posts: 98,724 ✭✭✭✭✭

  March 27, 2011 3:48AM

  As a hobby, I do not experience that regret.... it is in selling coins (becoming a business) that things such as this occur - along with other headaches. Cheers, RickO

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• bidask Posts: 14,017 ✭✭✭✭✭

  March 27, 2011 3:53AM

  
  
  << <i>I found out that my MS66FS 1951-S Jefferson upgraded to MS66+FS. I had resubmitted it several times for upgrade, it was PQ - The downside - is I sold it, and its the new owner that got the upgrade and there are no 67FS coins, it is now a POP 1/0 and when it sold went for a median price for a 66FS. Sour grapes that PCGS has not offered this for some time, given the price differentials between some grades. >>
  
  what the heck they should have upgraded when you owned it....bummer.

  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.
  
  
  
  
  

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• Broadstruck Posts: 30,497 ✭✭✭✭✭

  March 27, 2011 4:01AM

  Crying over spilled milk in this hobby will only eat away at you if you've been in it long enough.
  
  I see coins I've owned before in the past in auction archives which have sold for multiples my sell price.
  
  For parts as a collector I'm happy to just break even when I'm looking to place the funds into a newp...
  
  Any red cent over that is just pure gravy and makes up for some losses.

  To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  

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• Broadstruck Posts: 30,497 ✭✭✭✭✭

  March 27, 2011 4:17AM

  In the early to mid 90's I sold a PQ toned MS65 PCGS $1 that I tried twice as MS66 back in the day when you had to submit through dealers.
  
  I choose two different prominent dealers and gave up after spending submission fees twice with no success.
  
  Six months to a year later walking the browse of a show I glanced into a dealers case and saw my old coin in a PCGS MS66 holder.
  
  I instantly became ill as the new ask was just over 14 times what I sold it for.

  To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  

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• keets Posts: 25,351 ✭✭✭✭✭

  March 27, 2011 4:19AM

  well, the changing of what is assigned to the insert with the grade over the years has probably hurt collectors more than any perceived "grade-flation" has, and the plus and shield are no exception. when PCGS makes a change they affect the value of coins already in holders both in a negative and positive way. my "hurt" came when they decided to assign FT[b/] to Roosevelt Dimes. what happened to the coins i had in my collection?? well, since i paid more attention to overall quality and luster than i did to the miniscule lines on the torch i took a real beating. it convinced me to focus on other things and leave designations to others.

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