Do you really think that only the bottom 5% of PCGS and NGC coins are ugly?
anaconda
There was a thread that I loosely interpret as essentially stating or
intimating that CAC is around to protect buyers from buying the bottom
5% of the coins out there in holders.
Do you really believe that only the bottom 5% of the coin are either
overgraded or more importantly ugly....coins that buyers should be
protected from?
I believe that probably about 80% or 90% of the coins I have seen in
holders are coins that I absolutely would not recommend for anyone.
Sorry but that's how I see it.
--
anaconda
Beanie
"anaconda" <anaconda...@collectingbanter.com> wrote in message
news:anaconda...@collectingbanter.com...
I wouldn't go so far as 80-90% but there are clearly some very ugly coins with
high grades from PCGS & NGC.
Technically, I suppose the coins merit their grade level based purely on
technical standards that obviously do not include "eye appeal".
Hence "+", "*" and CAC try to pick up the slack for this.
Just remember the old adage "Buy the coin, not the slab".
This is even true on high grade modern issues.
I bought a PCGS MS69 1998S Kennedy Matte Finish Half from a well known dealer
that advertises extensively in the major trade publications and had to return
the coin and its replacement 3 times before I got a sample that actually made
the grade (IMO).
Nicks, ugly discoloration and other flaws seem to pass muster by PCGS for MS69.
Eventually I got a coin that looked good but not until after I spent almost $20
in return postage!
Ken Barr
anaconda <anaconda...@collectingbanter.com> wrote:
YO, Adrian! (Sorry, always wanted to do that somewhere ...).
Nice to have you back.
I must be quite a bit less picky than you ... I consider about fifteen
or twenny perzent of the top-tier slabs I look at as "good for the
grade" or better, about thirty or forty perzent as "yeah, I can see how
they gave it that grade but I sure wouldn't buy it as that" and the rest
"how in the hell did THAT ever get into that holder?".
I always encourage my customers to "buy the coin and not the slab", but
I still see many of them buying some pretty ugly cr*p from other deelers
a lot of the time ...
--
Ken Barr Numismatics email: k...@kenbarr.com
P. O. Box 32541 website: http://www.kenbarr.com
San Jose, CA 95152 Coins, currency, exonumia, souvenir cards, etc.
408-272-3247 NEXT SHOW: San Jose CC (Doubletree Hotel), Jan 28 - 30
Frank Provasek
wrote:
I have found that perhaps 25% of PCGS and NGC coins are nice enough to
be sold to a collector at above wholesale prices. The
rest seem to languish in wholesale inventories for years, perhaps
selling to the "cheap slab" bargain hunter after the slabs have
accumulated so many scuffs from handling that the problems are
obscured.