0
  • entries
    13
  • comments
    0
  • views
    327

Entries in this journal

Re: I favor all your opinions

Paul: I appreciate your respect for the opinions of those of us who criticized your earlier post. But you still raise a collecting issue that gets me a little worked up. It?s summed up in your opinion that the low grade coins in your Whitman albums ?mean nothing.? I?m sure you intend that sincerely, and no doubt many others share your view. But to me, it's a slap in the face to numismatics. Like many here, I have a substantial investment in my coin collection, most of it in NGC and PCGS
dennis edwards

dennis edwards

0

Re: Ngc Needs To Change The 2007 Registry Award Rules

I disagree, and I think you're missing the point of the Coin Registry. Yes, it has a competitive aspect, but the competition is supposed to enhance, not replace the appreciation of collecting. If, as your message suggests, you see it primarily as a competition, that could explain why you don?t think you should need 50% of the set to win. But if you understood that collecting, not competing, is the point of the Registry, the 50% minimum might make more sense to you. I?d add that even from a
dennis edwards

dennis edwards

0

Re: cleaned coins

I think there's a little too much fear mongering going on here about buying cleaned coins, even online, even on Ebay. It?s an unavoidable, even valuable part of learning the hobby. You just want to keep the cost to around what it's worth for the education. With that in mind, the most important thing to remember is to buy only from sellers who guarantee a full refund for any reason. Do that and you may still get stuck if a guarantee runs out while your coin is at the grading service being bo
dennis edwards

dennis edwards

0

Re: TPG's

PNG's relationships with NGC and PCGS only confirm the TPG survey results that the coin dealers prefer NGC and PCGS. But that?s not a conflict of interest.   I think Michael D. may misunderstand what a conflict of interest is. In simple terms, a conflict of interest is when somebody?s relationship with one person could be harmful to another person he also has a relationship with. So a conflict of interest requires three people: person #1, and the two people (#2 and #3) person #1 has confli
dennis edwards

dennis edwards

0

Re: Registry Poll

NGC would be foolish to allow ANACS and ICG coins into its registry sets. I don't think they are foolish, so I doubt it will happen. Forget about the Coin Dealer Newsletter ratings that put ICG above NGC. NGC is more respected than ICG (and ANACS), and NGC coins sell for more money. In fact, here's a summary of the most recent, 2006 PNG/ICTA Survey of Third Party Graders, copied from the PNG website (PNG = the Professional Numismatic Guild, the organization of professional coin dealers):
dennis edwards

dennis edwards

0

Re: Grading Services

Pop reports tell you nothing unless both services graded equal numbers of identicle coins. It could be that NGC has graded a huge submission of early minted coins from one of the TV marketers, and none of the coins PCGS has received would grade 70 at NGC. Or not. There are at least two useful indicators of relative grading standards, the coin marketplace and your eyes. The marketplace says that very high-grade modern PCGS coins are worth more than the same NGC coins. If your eyes tell y
dennis edwards

dennis edwards

0

Re: NGC vs PCGS - The Facts of the Stats.

Statistics don't lie, but exactly what they're telling you is a whole other matter. Unless you submit the same coins to both services, population data isn't a reliable basis for comparing grading standards. If you (TradingSlabs) interpret the population figures you mentioned to mean that PCGS is grading more generously than NGC, wouldn't it be foolish not to submit all your coins to PCGS? PCGS-graded modern coins typically sell for more than the same NGC-graded coins, so if PCGS will grade
dennis edwards

dennis edwards

0

RE: NGC, PCGS, and ICG

What you're looking at is not an accuracy rating, per se. The table on the front page of every Coin Dealer Newsletter (CDN or Grey Sheet) shows the percentage of full Grey Sheet Bid prices paid on a sight-unseen basis for a selected list of coins graded by each of the grading services. Here's how it's supposed to work: The CDN puts out another publication called the Certified Coin Dealer Newsletter (CCDN or Blue Sheet), which lists only prices paid sight unseen for certified coins, and it
dennis edwards

dennis edwards

0

Re: Proof 70

According to the PCGS standards, PR70 and MS70 mean no defects under 5X magnification. I don't know what NGC's standards are, but presumably they're not all that different.   It used to be a contentious question whether any coin should be graded PR70 or MS70. That grade, according to the more conservative view, was reserved for a coin entirely free of defects, something which exists only in theory. While the debate may continue as an academic matter, for practical purposes it's moot, since a
dennis edwards

dennis edwards

0

Re: Designation Review... or not!

I also just recently went 0 for 7 on a Designation Review, which, based on previous results, should have been 2 slam-dunks, 3 toss-ups and 2 long shots. Coincidence? I suppose that's possible. But, like you, I consider myself a decent judge of the coins I send in, and I usually handicap my submissions at better than 50% accuracy. So when I get a result out of left field like this one, it makes me wonder if maybe there's a new hire in the grading room who's playing it safe until he/she settl
dennis edwards

dennis edwards

0

Re: More on Buying the Holder

I think there are a few reasons you see PCGS coins selling for multiples of similar coins in NGC holders. To keep this post to a reasonable length, I'll stick to only the most obvious and important one. I?ve posed the question to maybe a couple of dozen dealers over the past few years. Some said they think PCGS grades a little tougher (especially on very high-end modern material), some think there?s no difference between NGC and PCGS, and I?ve yet to hear a dealer say NGC is tougher. My per
dennis edwards

dennis edwards

0

re: Today was a good day.

Jeff S: Your wife's reaction to catching you "red-handed" showed encouragement and understanding beyond just her enthusiasm for your newly shared coin collecting hobby. Count your blessings.
dennis edwards

dennis edwards

0

re: Damsel in Distress

Another aphorism to consider: "Don't throw good money after bad." You've learned the hard way that there are very few grading services worth spending your hard-earned money on. Now you have to avoid trying to correct one mistake with another. You should only have your coins graded if you believe that, after grading, the coins will be worth at least what they're worth in the current holders (probably next to nothing), plus the cost of the additional grading. That?s Economics 101. At $12.50
dennis edwards

dennis edwards

0
0