Home U.S. Coin Forum

"BUY THE COIN NOT THE LABEL" in regards to 25th Anniv. Set ASE's just got harder...benefi

245

Comments

  • wondercoinwondercoin Posts: 16,998 ✭✭✭✭✭
    I will not "spoil" all the calls that may or may not take place over the next 24 hours. Suffice it to say that I strongly believe the opportunities are open to everyone ... dealers and collectors alike... and the conditions of such opportunities are reasonable within PCGS' business plan as a company. But, again, more on that later.

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • wondercoinwondercoin Posts: 16,998 ✭✭✭✭✭
    P.S. I was exchanging some PM's with board members tonight and I essentially mentioned something in a number of these PM's that I also mentioned in some postings here over the past 2-3 weeks.

    I personally stopped selling the lion's share of my 25th Anniv 69 and 70 set inventory about 2-3 weeks ago (other than a couple higher priced ads on ebay or if someone asked me to sell them a set here or there). I got excited that the latest (soon to be released)Mercanti insert might help get folks more interested in ALL the various PCGS-70 insert 25th Anniv. sets. I also thought prices hit a crazy low in my view. And, over the past 2-3 weeks, thus far, I have been right. Prices on the 70 sets are up about 10%-20% off their lows. I might start being proven wrong a minute from now, but I personally continue to hold plenty of PCGS 69 and 70 product that is not for sale (including a "ton" of first generation Mercanti or Tombstone insert sets or single coins). Maybe I just got too excited watching the video over at hsn.com on the $2,499/set first generation Mercanti signed sets. LOL. Go have a look at it and tell me if it doesn't get you a bit excited as well image Anyway, if I watch it too many more times, I might just pull most of my 2nd generation Mercanti sets currently for sale and tuck them away for 6-12 months as well !!

    As always, just my 2 cents and I know I could get beaten up real bad financially by holding all these coins ... so I do not "recommend" it to anyone (other than maybe John Maben and Eric Jordan) image

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • wondercoin wrote:

    << <i>...I also thought prices hit a crazy low in my view... >>



    They sure did. The supply was so overwhelming in December, it drove prices down to an almost unbelieveable low.
  • messydeskmessydesk Posts: 20,299 ✭✭✭✭✭


    << <i>This is just so stupid... >>


    WINNER!

    With respect the the thread topic, buying the coin and not the label was never difficult, and the introduction of yet another label didn't complicate it at all, as buying the coin and not the label implies ignoring the label.
  • jmski52jmski52 Posts: 23,245 ✭✭✭✭✭
    I don't care what's on the label, just tell me how much it's gonna cost.........image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • bumanchubumanchu Posts: 1,383 ✭✭✭


    << <i>

    << <i>This is just so stupid... >>


    WINNER!

    With respect the the thread topic, buying the coin and not the label was never difficult, and the introduction of yet another label didn't complicate it at all, as buying the coin and not the label implies ignoring the label. >>



    The scenario of trying to build a set that is matched label wise, one coin at a time becomes more arduous if you happen upon coins that are labeled differently than what you would like to have a set of, and the prices are too good to pass up. Do you want to spend extra just for labels or do you want the coin(s). A mismatched set isn't a set in most people's minds.

    So do you spend stupid money to purchase or resubmit to get the labels to match, or do you just crack them all out as a true collector would do and forgo the premiums any 70 graded coins may garner?

    P.S. Reread the topic, it doesn't say difficult

    And I ain't lying this time.
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭
    Why do those labels remind me of these guys?

    image
    Gold and silver are valuable but wisdom is priceless.
  • rodzmrodzm Posts: 675
    I got the ultimate label. Blue traditional background, with tombstone design combined with the flag and Mercanti Signature.

    God forbid if you can get the SecurePlus symbol thrown in there and you got yourself one hell of a label. Next thing we'll have with the signatures will be akin to Kincade paintings with a DNA signature of Mercanti. Blood drop and all mixed in with the ink.


  • << <i>Why do those labels remind me of these guys?
    >>



    +1
    Successful transactions with keepdachange, tizofthe, adriana, wondercoin
  • 1tommy1tommy Posts: 3,024 ✭✭✭✭✭


    << <i>Why do those labels remind me of these guys?

    image >>

    +1 There seems to be no communications from our host, lately it sure seems to me its all a big secret. Look they still have NOT announced that all coins will be put in the prong holders, I just don't understand whats the BIG Secret? You would think they would post these developments on there site, instead they would rather get 100 phone calls? Really I guess I could care less about the labels or the prongs but as a customer I would like to hear the news from the horses mouth instead of in some back alley...........Enjoy tom image
    https://youtube.com/watch?v=UayFm2yCHV8
    I used to be famous now I just collect coins.


    Link to My Registry Set.

    https://pcgs.com/setregistry/quarters/washington-quarters-specialty-sets/washington-quarters-complete-variety-set-circulation-strikes-1932-1964/publishedset/78469

    Varieties Are The Spice Of LIFE and Thanks to Those who teach us what to search For.
  • BigABigA Posts: 2,715 ✭✭✭✭
    I also find it strange that all this different label marketing revolves around a set that is unique in itself. Like dude, this one sells itself. No Kool Aid crowd needed.

    Has anyone actually counted up the number of possible labels exist for, say, the 2011 W??? I bet there is over 10.....for the same coin.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,605 ✭✭✭✭✭
    That's good advice almost always. But I think I like that sealed set's potential just as much.
  • SpeedieSpeedie Posts: 104 ✭✭


    << <i>I got the ultimate label. Blue traditional background, with tombstone design combined with the flag and Mercanti Signature.

    God forbid if you can get the SecurePlus symbol thrown in there and you got yourself one hell of a label. Next thing we'll have with the signatures will be akin to Kincade paintings with a DNA signature of Mercanti. Blood drop and all mixed in with the ink. >>



    Needs more beans and neon arrows image
  • drei3reedrei3ree Posts: 3,430 ✭✭✭✭
    I believe the more labels, the better. The 100,000 2011 ASE set coins haven't changed, so the only person hurt by a different label is the label collector. I'm fine with it!

    ...one more thing...I don't see the comparison to baseball cards or comics. The slab/label is only window dressing. The real value is in the coin, right?


  • << <i>

    << <i>I got the ultimate label. Blue traditional background, with tombstone design combined with the flag and Mercanti Signature.

    God forbid if you can get the SecurePlus symbol thrown in there and you got yourself one hell of a label. Next thing we'll have with the signatures will be akin to Kincade paintings with a DNA signature of Mercanti. Blood drop and all mixed in with the ink. >>



    Needs more beans and neon arrows image >>



    Dont even remind me...I bought some currency a while back whose case was covered in these neon beans and arrows. It took goo gone to get rid of them. I was very irate
  • The real value is in the coin, right?

    Apparently not. Seems like some are interested primarily in labels, otherwise what's the reason for all the offerings? It's almost as if the coins have become secondary for many. So sad to see it degenerate to this. It's being treated like the core product (the coin) isn't enough on it's own so they'll spice it up for you. It's actually worse than what went on with baseball cards. It's time we start showing a little more respect and enthusiasm for the actual coin.
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭
    There is definitely a mini-market for plastic these days. Look at all the collectors that go gaga over old PCGS holders.
    Gold and silver are valuable but wisdom is priceless.
  • CCC2010CCC2010 Posts: 1,997 ✭✭✭
    So anybody called and inquired about the second generation mercanti with flag label from our host today yet image
    References:Coinsarefun,DerryB,Bloodman,Zubie,Gerard,Skyman,Bestclser1,Lakesammman,Yellowkid,PerryHall,Piecesofme,HTubbs,grote15
    Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
    Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
  • RichRRichR Posts: 3,930 ✭✭✭✭✭

    OK...so it's official then...we've just reached the level of baseball card collecting...right before the fall!
  • BigABigA Posts: 2,715 ✭✭✭✭
    I just don't get what all the grief is about...If you don't want the circus labels don't buy them. FS & regular are fine with me. IF no one buys them they won't be encouraged to come out with other "rare" stickers..

    Only two (ER/non-ER) ATS for this set....that's plenty



  • << <i>I just don't get what all the grief is about...If you don't want the circus labels don't buy them. FS & regular are fine with me. IF no one buys them they won't be encouraged to come out with other "rare" stickers..

    Only two (ER/non-ER) ATS for this set....that's plenty >>



    Personally I don't buy the label and never will. My observation was simply if that is what it takes to create interest in our hobby, we are in a sad state of affairs.
  • I spoke to Miles and the submission requirement is a minimum of 250 sets, so that pretty much shuts out the casual collector. He said it's being done for efficiency purposes. Feel free to contact him if you wish at 949-922-0515.
    Successful BST transactions: clackamas, goldman86, alohagary, rodzm, bigmarty58, Hyperion, segoja, levinll, dmarks
  • I feel bad for those with Flag Label sets right now. They did not do well on grading but could at least be happy the label was selling at a premium, for a while at least.
  • CCC2010CCC2010 Posts: 1,997 ✭✭✭
    Did they provide pics? image
    References:Coinsarefun,DerryB,Bloodman,Zubie,Gerard,Skyman,Bestclser1,Lakesammman,Yellowkid,PerryHall,Piecesofme,HTubbs,grote15
    Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
    Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
  • epcjimi1epcjimi1 Posts: 3,489 ✭✭✭


    << <i>Did they provide pics? image >>



    Probably to those with 50 Bo5 with a date of 12/7 or earlier on 'em.


  • << <i>

    << <i>Did they provide pics? image >>



    Probably to those with 50 Bo5 with a date of 12/7 or earlier on 'em. >>



    You could probably fit everyone who falls into that catagory into one of those "smart cars".image
  • wondercoinwondercoin Posts: 16,998 ✭✭✭✭✭
    There are plenty of PCGS special labels that come with min. submission requirements and it has been that way for years and years. Right now, for 2012, there is a very neat Golden Gate Bridge Silver Eagle insert that has very sizeable min submission requirements. I simply can not qualify for it. Many more examples as well.

    As I suggested earlier, I hope the 2nd Generation Mercanti insert does great, as it may raise levels on the other inserts in the process in my opinion. And, then agan, all of the different inserts might be rising or dropping in price from here with no bearing on what the autograph Flag is doing at all.

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • jessewvujessewvu Posts: 5,065 ✭✭✭✭✭
    I submitted 85 sets through the bulk department a little over a month ago an can say that the option for a specific label was not mentioned to me when I talked to their bulk rep. I found out after I sent coins in there was a special mercanti label and was only able to get one order of 25 sets w/ the sig.

    Overall, I wasn't impressed w/ the options being made clear to me when I specifically asked about a special insert.

    I had to go through an authorized dealer so perhaps I may not have know to ask explicitly for other, potential options in the works that others may have been privy to.

    As a pretty high dollar customer of PCGs over the past few years, I'm surprised I stick with them given the general lack of customer service through the bulk department. I understand they are an option that I choose and perhaps they do not expect to have to answer these trivial questions/concerns from "small fish" that full time dealers that generate the bulk of their business (no pun intended) don't have to ask.

    -rant not intended but appears to have come across that way.
  • GemineyeGemineye Posts: 5,374


    << <i>I spoke to Miles and the submission requirement is a minimum of 250 sets, so that pretty much shuts out the casual collector. He said it's being done for efficiency purposes. Feel free to contact him if you wish at 949-922-0515. >>


    ******


    << <i>I submitted 85 sets through the bulk department a little over a month ago an can say that the option for a specific label was not mentioned to me when I talked to their bulk rep. I found out after I sent coins in there was a special mercanti label and was only able to get one order of 25 sets w/ the sig. >>



    It's nice to know that the minimum per household was ..5.. did I stutter.....Five...Sets per household....Some of us here waited all day just to get ONE set...some got NONE...
    It just amazes me with all the BS....there isn't any explaining for what went on with these......JMO......!!!!
    ......Larry........image
  • epcjimi1epcjimi1 Posts: 3,489 ✭✭✭


    << <i>I will not "spoil" all the calls that may or may not take place over the next 24 hours. Suffice it to say that I strongly believe the opportunities are open to everyone ... dealers and collectors alike... and the conditions of such opportunities are reasonable within PCGS' business plan as a company. But, again, more on that later.

    Wondercoin >>



    Now that it's "later", I now understand what this means. Got it.


  • << <i>

    << <i>I spoke to Miles and the submission requirement is a minimum of 250 sets, so that pretty much shuts out the casual collector. He said it's being done for efficiency purposes. Feel free to contact him if you wish at 949-922-0515. >>


    ******


    << <i>I submitted 85 sets through the bulk department a little over a month ago an can say that the option for a specific label was not mentioned to me when I talked to their bulk rep. I found out after I sent coins in there was a special mercanti label and was only able to get one order of 25 sets w/ the sig. >>



    It's nice to know that the minimum per household was ..5.. did I stutter.....Five...Sets per household....Some of us here waited all day just to get ONE set...some got NONE...
    It just amazes me with all the BS....there isn't any explaining for what went on with these......JMO......!!!! >>


    Not to say there wasn't hanky-panky done, but some people did legitimately obtain large numbers of sets by arranging pre-buys. We all had the opportunity to post pre-buys as well, so I have no problem with that at all.
    Successful BST transactions: clackamas, goldman86, alohagary, rodzm, bigmarty58, Hyperion, segoja, levinll, dmarks
  • GemineyeGemineye Posts: 5,374


    << <i>Not to say there wasn't hanky-panky done, but some people did legitimately obtain large numbers of sets by arranging pre-buys. We all had the opportunity to post pre-buys as well, so I have no problem with that at all. >>



    I see your OK..with that.So the next time that your on a waiting line wth about 100 people and you are # 47 say...and some friends of the 46th person wants to cut the line..You're OK with that too ..I guess..????
    ......Larry........image
  • Coins101Coins101 Posts: 2,603 ✭✭✭


    << <i>Mr. Mercanti needs to painstakingly hand sign each and every label >>



    Gee, I wonder how much he make for every stroke of the pen? It may not be so painful. Besides, does he do each one or do they have a signing machine that signs several each time he signs one. I know I used one in New York signing Municipal Bonds at a Bond Trustee's office. It sign 12 bonds for everyone I signed, al with pens.

    I will have to look at my labels and see if there is a difference in each label. No one can sign their name exactly the same over and over. Very similar but not exactly the same.
  • Coins101Coins101 Posts: 2,603 ✭✭✭


    << <i>This is just so stupid... >>



    Yes, it smells like the time they (PCGS) stopped allowing members to get the First Strike label.

    It is beginning to look like NJCoin may be right. With all these goofy labels, PCGS may lose favor among collectors and start relaying on someone who is devoted to the business of grading coins, not fancy labels.


  • << <i>

    << <i>Not to say there wasn't hanky-panky done, but some people did legitimately obtain large numbers of sets by arranging pre-buys. We all had the opportunity to post pre-buys as well, so I have no problem with that at all. >>



    I see your OK..with that.So the next time that your on a waiting line wth about 100 people and you are # 47 say...and some friends of the 46th person wants to cut the line..You're OK with that too ..I guess..???? >>


    No, I'm not okay with line-cutting and I don't see how that is comparable. All the pre-buys did was to possibly increase the number of people lining up, but there was no line-cutting.
    Successful BST transactions: clackamas, goldman86, alohagary, rodzm, bigmarty58, Hyperion, segoja, levinll, dmarks


  • << <i>

    << <i>This is just so stupid... >>



    Yes, it smells like the time they (PCGS) stopped allowing members to get the First Strike label.

    It is beginning to look like NJCoin may be right. With all these goofy labels, PCGS may lose favor among collectors and start relaying on someone who is devoted to the business of grading coins, not fancy labels. >>



    Already happened to me. Moderns are graded by NGC, Classics by PCGS
  • GemineyeGemineye Posts: 5,374


    << <i>

    << <i>

    << <i>Not to say there wasn't hanky-panky done, but some people did legitimately obtain large numbers of sets by arranging pre-buys. We all had the opportunity to post pre-buys as well, so I have no problem with that at all. >>



    I see your OK..with that.So the next time that your on a waiting line wth about 100 people and you are # 47 say...and some friends of the 46th person wants to cut the line..You're OK with that too ..I guess..???? >>


    No, I'm not okay with line-cutting and I don't see how that is comparable. All the pre-buys did was to possibly increase the number of people lining up, but there was no line-cutting. >>



    It's all the same to ME...if you were told that the order was 5 and you wind up with more during the pre-release due to friendly persuasion then that's cutting the line.If you bought these sets afterwards in the market then they are ligit...that's my opinion...Many waited and waited for these sets and I'm sure that the mint wasted a lot of time to research these orders and keep people on the phone..albeit a poor sales service...
    ......Larry........image
  • Coins101Coins101 Posts: 2,603 ✭✭✭


    << <i>It's all the same to ME...if you were told that the order was 5 and you wind up with more during the pre-release due to friendly persuasion then that's cutting the line.If you bought these sets afterwards in the market then they are ligit...that's my opinion...Many waited and waited for these sets and I'm sure that the mint wasted a lot of time to research these orders and keep people on the phone..albeit a poor sales service... >>



    Pre-sale from the Mint???????????????????

    What, was someone handing these out the back door before they went on sale?
  • GemineyeGemineye Posts: 5,374


    << <i>

    << <i>It's all the same to ME...if you were told that the order was 5 and you wind up with more during the pre-release due to friendly persuasion then that's cutting the line.If you bought these sets afterwards in the market then they are ligit...that's my opinion...Many waited and waited for these sets and I'm sure that the mint wasted a lot of time to research these orders and keep people on the phone..albeit a poor sales service... >>



    Pre-sale from the Mint???????????????????

    What, was someone handing these out the back door before they went on sale? >>


    Please don't mis-interpret my saying ..pre-sale. By that I mean that deals were going on to gain more between private parties...
    ......Larry........image
  • epcjimi1epcjimi1 Posts: 3,489 ✭✭✭
    OK, well, anytime WC posts an image of this new label is fine with me.
  • Coins101Coins101 Posts: 2,603 ✭✭✭


    << <i>Please don't mis-interpret my saying ..pre-sale. By that I mean that deals were going on to gain more between private parties... >>



    Got ya. I was hoping we weren't experiencing another 1933 issue/thingy going on! image
  • RobertSRobertS Posts: 485 ✭✭
    I agree with many other posters, collecting coins is hard enough. I think that all of these labels will hurt PCGS. I hope it is not too late before they realize that coin grading is more than a number game.
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>OK, well, anytime WC posts an image of this new label is fine with me. >>



    yeah me, too

    WC is one of the top dogs and top shelf dealers as is the MCM clan.


  • NJCoinNJCoin Posts: 3,025 ✭✭✭✭✭


    << <i>I spoke to Miles and the submission requirement is a minimum of 250 sets, so that pretty much shuts out the casual collector. He said it's being done for efficiency purposes. Feel free to contact him if you wish at 949-922-0515. >>



    250 SETS, or 250 COINS? 250 coins (50 sets) are steep, but not crazy, and would be consistent with limiting bulk submissions to dealers. A 250 set minimum, if true, would be crazy, since that's a 1,250 coin minimum and represents 0.25% of the entire issue. Are you sure it's sets, not coins?


  • << <i>

    << <i>I spoke to Miles and the submission requirement is a minimum of 250 sets, so that pretty much shuts out the casual collector. He said it's being done for efficiency purposes. Feel free to contact him if you wish at 949-922-0515. >>



    250 SETS, or 250 COINS? 250 coins (50 sets) are steep, but not crazy, and would be consistent with limiting bulk submissions to dealers. A 250 set minimum, if true, would be crazy, since that's a 1,250 coin minimum and represents 0.25% of the entire issue. Are you sure it's sets, not coins? >>


    He definitely said sets. Even if he misspoke and meant 250 coins, that would still be way out of my league.
    Successful BST transactions: clackamas, goldman86, alohagary, rodzm, bigmarty58, Hyperion, segoja, levinll, dmarks
  • "As a Collectors Club member, you'll have direct access to PCGS grading." I guess I don't understand why all the labels and services aren't available on submissions by collectors club members, regardless of the number of sets.
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭


    << <i>"As a Collectors Club member, you'll have direct access to PCGS grading." I guess I don't understand why all the labels and services aren't available on submissions by collectors club members, regardless of the number of sets. >>




    As a member who joined at their highest level of membership (Diamond), it makes me feel like I really didn't join at the highest level of membership... perhaps I should tell them I'm a "dealer" next time I join???

    All this is making me feel better that my most recent submission of 25th anniversary sets is at NGC right now...

  • I really believe that all the complexity that came on with the ATB grading really helped kill that series. There is just so much to keep up with. I don't see it as the TPG's fault either. They were giving the "collectors" what they wanted. As soon as the new wore off the novelty was gone and nobody cares anymore. The 25th coins will not go that way but people won't care about the labels so much. Especially the new collectors that will be the buyers of tomorrow. Keeps things interesting for the moment though image
    Currently working with nurmaler. Older transactions....circa 2011 BST transactions Gecko109, Segoja, lpinion, Agblox, oldgumballmachineswanted,pragmaticgoat, CharlieC, onlyroosies, timrutnat, ShinyThingsInPM under login lightcycler
  • Coins101Coins101 Posts: 2,603 ✭✭✭
    You know, it is realy kind of funny that someone wanted a FS Flag signature black-bar label with a CAC sticker on it in the mega-thread after we found out they were supplying 3 different labels. Maybe PCGS read that post and thought to themselves, "KaCHhing!!!" The FS label was a gimmic to start with but collectors bought into it. Now it seems greed has taken over and instead of gold from the goose, they only get poop.

    Frankly, I believe doing this label game is a disservice to the collector, who is the ultimate person who keeps PCGS in business. After all, they are the ones who buy from the dealers who are paying PCGS for the label. But, only time will tell.

    I remember seeing on set on eBay being sold that had the Secure Plus designation. The seller promoted it as the only one available and I believe the Pop reports supported his claim. He was asking about a 50%+ premium for it. It didn’t sell (at least that time).
  • CasmanCasman Posts: 3,935 ✭✭
    100 image

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file