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I haven't been to any Numismatic events since childhood. But that is about to change.
Since I live in Denver, I am going to the show this Friday. I don't really quite know what to expect but I'm afraid I'll come home from it with a new idea for collecting. Like I need more??!!
The advertisements on TV indicate there will be lots to see. It should be fun.
What I find, with myself, is that if I look FOR a coin, sometimes, my standards become compromised.
I think this is out of WANT superceding LOGIC.
I find, sometimes, casual browsing, brings you to (or brings it to you...I don't know which) an outstanding coin. Something, maybe, that you didn't think you would ever LOOK for.
Well there you have it!
Reading about the hysteria we are all experiencing on the auction side of coin collecting gave me cause to pause. As a relatively new collector I must plead guilty...
to being part of the problem. I rely on PCGS, NGC and the red book for values, however they rarely agree. So for me it has turned into a matter of how much I have to spend vs the desirability of the coin. I began collecting when the mint issued the Marine Corps Anniv. Commemorative. I have fallen in love with this hobby.
My sig
I found two coins in a desk drawer that led me to this selection.
I am new to coin collecting but I have had two very good experiences that led me to adopt this signature set as a goal.
First of all I recently submitted a penny for grading that came
back as a 1909 S VDB MS 64. I took this coin out of a small envelope from where it was purchased and the price was noted as
$2.25. The second coin I I found was a 1956 Flying Eagle 1 Cent uncirculated still being evaluated. I have no idea wh
Mike makes some good points about the craziness in the auction market lately....
Part of this, I think, is that more and more people are buying coins at auction than previously, and they get caught up in the bidding frenzy without proper regard to how much they're actually paying for the coin. I figure they must be forgetting that the bid isn't the "full price" they're paying; there's also the 15% (or more) "bidder's premium" paid to the auction house on every purchase, plus postage/handling (
This is a time where auction prices, both the reserves being set and the amount of money some coins are going for are totally out of sync with 'reality'.
And this is a time that I believe collectors are really being tested. Where do you draw the line? How do you not get caught up in the hysteria? How do you deal with more and more coins not being within your reach?
The answer to all of these questions is to become an even better collector. Now is the time to take your collecting skills and r
In 1994 and 1997 a special Matte proof finish on only a "handful" of nickels
The mint experimenting with special satin finish and matte "proof" strikes has a long history.One of my favorite coins in my collection is a matte proof buffalo nickel from 1913.Of course most collectors know about the 1965-67 SMS's but one of the true modern sleepers are the 1994 and 1997 matte proof Jefferson nickels.Mintages of the Jefferson series are usually in the hundreds of millions{even billions}but these 2 c
I thought NGC works on a first come first serve basis?
My economy submission was recieved 7/14/06, it remains in the recieved stage. This does not seem fair if others are already getting their packages shipped when mine was recieved first.
I got my beef about turn around times but...
Someone please tell me how a 1971 proof 68 Ucam cent loses half the value over a couple of months? It was valued at $350 better than 6 months ago, and now it's only $156?? I was glad I won one off of Eba...ummm...an auction site for $75.00 thinking I would be ahead since you can usually get a "common" rare proof for less than half price listed. But for the price to drop in half? That means, I'd be LUCKY to get my money back if I were to list it.
Well! The satin finish coins from mint sets are yet another variety to add your collection.
Last year's Satin Finish coins generated a call from some mint state coin collectors to recognize their "business strikes" separately from the Satin Finish (or SMS) coins in registry sets. From all I have heard, both PCGS and NGC are considering weighting the business strikes of the same grade higher than the satin finish coins. It appears that there are a lot of satin finish coins from the mint sets
The Mint started using the Satin Finish process in 2005...
Satin Finish coins were issued for the first time in 2005. This year, the Mint's just continuing the process. I really don't prefer them over the regular coins, but that's just my opinion.
WHEN DID THE U.S. MINT'S UNCIRCULATED COIN SET BECOME A "SMS"?
I must be out of touch. All of a sudden the annual mint set coins are being graded with "sms" designation. What is going on? How does NGC or any other grading service tell what is a business strike from the bank and a coin from a 2006 Mint Set? What about 2005, 2004, etc.? Can someone please fill me in? Thank you.
With all the comments on turn around time, here is my story
Sent 5 coins for economy on 7/21, marked by NGC as received on 7/24, went right to quality control on 8/8 and was finalized and shipped on 8/11. That is 15 working days from being received to shipped. That is great service considering their posted time. 2 of 5 crossed, not great percentage since I thought another for sure would cross. This is the ANACS F12 1897-S that crossed...
1897-S 50c
Just received the following from the U.S. Mint
They sent me the breakdown on all Proof Sets if anyone is interested.1999 5 Coin Proof Quarter Sets 1,169,9582000 5 Coin Proof Quarter Sets 995,8032001 5 Coin Proof Quarter Sets 799,5312002 5 Coin Proof Quarter Sets 764,4192003 5 Coin Proof Quarter Sets 1,225,5072004 5 Coin Proof Quarter Sets 951,1962005 5 Coin Proof Quarter Sets 981,271 & Ongoing2006 5 Coin Proof Quarter Sets 679,899 & Ongoing
I found this example for a PF70 Sac. $1 (2002?) that have been on a popular auction site (Not e-bay) I have one just like it being sold and hope it gets to the high side for NGC.
August 8, 2006 70 NGC $121.90
December 13, 2005 70 NGC $138.00
November 29, 2005 70 NGC $224.25
November 25, 2003 70 PCGS $1,150.00
September 24, 2002 70 NGC $120.75
Native American treat!
In my humble opinion, this new gold American Buffalo is one of the greatest design the mint has EVER used! I understand next year 2007 the mint will have four coins just like the eagle. Let's hope so.
Secondly, buffalo meat is excellent. IF you are ever in Northern Utah, you must stop by Perry, Utah on I-15! Perry is next to Brigham City to the south. There is a steak house called Maddox Steakhouse.. They have the most EXCELLENT BISON CHICKEN FRIED STEAK. Add
I seemed to have ruffled some feathers, but I didn't miss the point in the body of my post, only failed to mention it in the teaser for the post.
In my last post, along with my discourse on value added via the use of options was the following sentence: "If they start to rate PCGS coins any lower, the value of our options will diminish." So I didn't miss the point nor were my arguments "misdirected" as another poster has suggested. Should NGC award lower points for PCGS coins? In my opinion
First Strike vs Proof
Does anyone know how many First Strikes were minted? Are they proofs? Will the non-first strike proofs have good appreciation potential?
One auction gallery has the following listing.
And it goes on and on. I think it is because of the size of the population difference from NGC to PCGS
This auction is for a 2002 FDR dimeSeptember 4, 2005 70 PCGS $103.50 Tuesday, March 8, 2005 70 PCGS $80.50 Tuesday, July 18, 2006 70 NGC $25.00 Tuesday, July 4, 2006 70 NGC $42.00
This post had nothing to do with exclusivity...
I think you flew by the actual topic of the post. This wasn't about NGC being exclusive. It was a nod towards a little extra credit for having a complete NGC collection on the NGC registry. Your argument is misdirected.
Good Day ;-)
In some cases thousands, in others...nothing
I recently had an experience that made me step back and ponder the question...how much do we pay for slabs? I'm not refering to the cost of submission, but the "extra" we pay for THE SAME quality coin in various holders.In my case lately it appears to be $300-400. I submitted 3 coins for re-grade{and these were PQ...I studied dozens of photos in auction archives of coins in this grade range}and 4 for crossover from PCGS to NGC...with special instruc
Sure it is the NGC registry. But exclusivity is not right.
My previous post with the teaser "NGC enhances value by its inclusiveness" addresses this issue. Exclusivity does not help PCGS and it never will. PCGS registry set came first. It was innovative, but that is where its advantage stopped. NGC registry came later, but it was a great improvement, with its points system and inclusiveness. Some of my best sets are all NGC, but I am not delusional enough to believe it is better than any
Nope!!
If the box is opened and it is after the 30 day grace period the answer is no they will not designate it as First Strike. The box has got to be sealed and have a date on the box that was within that first 30 day period, if the boxes seal has been broken or if the date on the box is after that date then your coin will not get the designation