Population reports and pricing madness
Bob F.
(I presume for Canadian coins only, as I haven't seen one yet.)
From what I can see on eBay, dealers are using the report's alleged
scarcity of high grades to ask for astronomical prices ("Only 11 at this
grade - none higher!", etc.).
Many of the coins I've seen promoted are what ICCS refers to as
"Numismatic BU", that is coins struck by the RCM for collector sets.
As such, the bulk of said coins are usually gems (I have yet to see a
RCM set that did not contain high quality coins).
ICCS is an excellent TPG, normally very conservaitive but I doubt that
they have graded enough coins to make the population reports a fair
measure of scarcity.
Bruce Remick
"Bob F." <b...@april2009.invalid> wrote in message
news:gr94f5$4se$1...@news.motzarella.org...
Do you really think that collectors of high end BU Canadian coins would be
influenced by hype like you mention from sellers of ICCS-graded coins?
Novices, maybe, but then they shouldn't be in that market anyway before
doing some homework. If I really like the look and price of a particular
TPG-slabbed MS coin, I couldn't care less how many others have received that
same grade by the same TPG. From what I read, the significance of
"population reports" is becoming less than it once was.
Bob F.
"Bruce Remick" <rem...@cox.net> wrote in message
news:7_UBl.9806$DT1....@newsfe15.iad...
Uh Bruce, I said HIGH GRADE not HIGH END.
Bruce Remick
"Bob F." <b...@april2009.invalid> wrote in message
Okay. I took high grade to imply high end (price-wise), whenever so-called
population reports are cited as part of the discussion.
Bob F.
I take high end to be truly rare items, NOT condition rare items.
Lord knows there are plenty of truly rare Canadian items without modern
numismatic issues being touted as "rare" simply because ICCS has only
graded x-amount at a certain level.
Mr. Jaggers
Do you happen to know how many, if any, Canadian 1921 50c pieces ICCS has
graded?
James
Bob F.
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:grdkp...@enews2.newsguy.com...
I haven't seen a ICCS Population report, so I don't know.
Looking to sell yours? ;-)
Mr. Jaggers
Don't I wish. One to sell, and one to keep.
James
Bob F.
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
>>> Do you happen to know how many, if any, Canadian 1921 50c pieces
>>> ICCS
>>> has graded?
>>
>> I haven't seen a ICCS Population report, so I don't know.
>> Looking to sell yours? ;-)
>
> Don't I wish. One to sell, and one to keep.
Well, there's a Chinese fella on eBay who will sell you as many as you
want.
Bruce Remick
"Bob F." <b...@april2009.invalid> wrote in message
I'm still smarting over my stupidity (or whatever) when I broke up my
Canadian cent collection on eBay about ten years ago. It included a nice XF
example of what I considered at the time to be an 1859/8 N9. The Canadian
collector who won it for about $150 was so excited that he emailed me later
saying he sent it off to ICCS(?) and it came back labeled as the rarest of
the 1859's and in an AU58 slab. If I had thought it would have rated an
AU50, I probably would have kept it. How liberal is ICCS with grading
Canadian copper?
Bob F.
> How liberal is ICCS with grading Canadian copper?
Liberal is not a word normally associated with ICCS's grading.