Jason Abshier

On 4/17/2023 at 6:26 PM, Sandon said:

As a novice collector, the last thing that you should be thinking about is submitting coins to grading services.

I don’t know why newer collectors think they must get a coin graded … I mean there’s millions and millions of coins already out there that are already in holders and graded why waste the expenses shipping common coins to grading company when you can buy one already graded that been authenticated is a better investment for newer collectors. 

I hope you didn’t pay a lot for these and got ripped off … These Morgan dollars are almost always found in TPG holders by NGC or PCGS for authenticity reasons … Always be on alert when buying Raw Morgan dollars in this caliber 

On 4/16/2023 at 6:26 PM, zadok said:

im one of those that espouse that everyone should collect what they like n enjoy regardless of investment potential in the future

Very good statement …. I often wonder in the future if my classic US coins and world coins will be any interesting or desirable for new collectors joint our hobby . Would it be harder for us to sell our collectibles in the future … how many time we see a younger person interested in a ol’school corvette or other classic muscle cars … It’s been waning over the years our collectors as well as us been building our coin collections for years and years by time we get older will our kids want our collection ? Mine don’t seem to show much interest in my coin collection if time comes hopefully they can auction it off properly to get something back in return… Me myself ?  I don’t really want anything back from it  other than I had the enjoyment putting it together …I’m financially secured I really have no reason to sell off my whole collection for money gain, I could see selling some coins off using the money to upgrade to better coins but not the whole thing … lastly I don’t recommend someone new looking at coin collecting like it’s a gold mine or retirement investment … you’re better off saving money in a saving accounts or investing into property or stocks for that purpose 

I’d say XF45 at the most not AU … that’s not a legit TPG holder looks like Joe blow the guy with coke bottle glasses graded and did that in his dim lit basement just joking around but  over all still a nice coin for its age 

There’s a few other 1935-D in graded holders AU and AU+ going for $630-$750 … no way in the world would I throw money on this seller’s raw 1935-D for $750 and with 98% feedback,  If it were so great why is it not in a PCGS or NGC holder ? To sell for more $$$ ? 

On 4/16/2023 at 9:59 AM, zadok said:

...the only way u will know is when/if u go to sell it in the future....

@zadok I’m starting to see a market where people don’t care about paying very high premium over spot prices for certain types of low mintage 1oz silver rounds made by certain mints from around the world …. So I do see a future into that type of collecting as well as getting silver rounds graded for that purpose 

I try to keep silver “stacking” separate from “collecting” certain types of low mintage silver rounds I’m talking low low 3,000 or less some issues 500 or less … although it’s our newer generation of collectors are attracted to this bullion market they aren’t buying it strictly for melt or bullion I see a lot of them investing into as a collection. Just like we collect classic coinage 

You know a lot of older collectors frown down on bullion collecting “it’s only worth melt value” “why did you pay higher for it?” I’ve been asked this many of time from other collectors when I collect low mintage silver bullion …Me however I do see a market in the near future for “low mintage” silver bullion no matter what our newer generation of coin collectors like modern silver bullion … low mintage figures is the key to collectible modern silver bullion …

same could be said why a collector pay so much money for a common date Morgan ? When a worn down Morgan is only worth melt well if that’s the case (shouldn’t a $400 Morgan be only worth melt as well? No no that numismatic highly collectible) Or why do they shell out so much money for a high graded Buffalo nickel that has no precious metal in what so ever ?  

On 4/15/2023 at 9:56 PM, bstrauss3 said:

1. If you undervalue there is a significant chance they will charge you the higher price. You agreed to that in the T&C.

@bstrauss3 I got you … that is agree upon when you send in submission … what I was saying if I undervalue or overvalue either way a coin for grading does the “value” really matter during grading process ? Does value determine that coin gets a specific grade ? No not really … we all know that grade is based on condition , strike , and so on … Why the higher priced tier for more valuable coins when they all go through same grading process ? It what I’m trying to ask or make out as to why and is there a special process they do to grade  higher valuable coins - VS- lower tier graded coins ? That’s how I see market grading 
 

I can see price changing slightly after all coins been graded for insurance purposes to ship it back … 

Im not disagreeing or trying start a fight with anyone on here … I'm just trying understand why all these tier were priced differently and or if there is another type of process involved grading more higher value MS coins VS lower end mint state coins ? 

@powermad5000 I agree with your statement … for newer collectors who want send coins in its very daunting task little confusing to them …. Perhaps grading process is different for coins of higher value ? Maybe it goes through grading process a few times to really determine the grade of the coin. Who knows ? I can see their speedy 1 day tier for very high values coins they have stop everything they are doing to get this high value coin graded , slabbed , labeled and processed in the system you gotta shell out the high money for that tier … 

it would make sense if they would make modern , and classic tier all under one Price point formation respectfully in their category regardless if that coin is G04 or MS68.. It still same coin it had go through grading process just like any other coin , uses same plastic slab as any other coin not like it got a special treatment or kiss for being a more expensive coin just my .02 cents … like I said maybe the grading tier requires more deeper grading or something that’s why there’s a price gap there 

On 4/15/2023 at 2:26 PM, powermad5000 said:

It is just the occasional submission where a coin surprisingly comes back graded higher than I thought it would that this happens.

@powermad5000 that’s exactly what I trying to say does really matter what “value” of a coin is when you submit it ? Not really ! A coin is supposed to be graded on it’s condition not it value … that’s where grading companies are making market grading instead of conservative grading … if I submitted a $100 raw Morgan , and you submitted $400 Morgan but you had had to pay more $$$$ just to have your coin graded out at MS65 … I went with lower tier for my $100 Morgan it also came back MS65 … Did the raw value really matter ? Is value is what determines your grade or my graded coin ? Did the grader see the guy who sent in $400 Morgan must get MS65 since he paid more ? Is grading company buying the coins off us ?? Nope … both our coins are put in same plastic holder , both our coins went through the same grading process to get that grade … I don’t see whole point in all upper tiers why not just have it simple one price for whole “classic coin” tier … at end contact sender let them know all coins graded out to be so they can be charged insurance on shipping that’s it … 

I mention this similar on another post … Grading companies changed a lot over the years … I never dealt with them directly only twice over all my collecting years I’ve sent coin for grading through a coin dealer he handled the submission and all paperwork for me 

but today it’s mostly involved with Market grading … why not just make it simple ? Modern tier , classic tier and keep the coin’s raw value out of it , why ask me what I “think it’s worth” … Charge a flat fee for all coins fairly in respective tire , regardless how much the coin is worth on market before grading and slabbing  … they all have go through same grading process , a grader has look the coin over,  they all get the same plastic slab holder with a graded label on it based on grader’s professional “opinion” what coin graded out at …

Then it’s up to seller/owner to really determine what price of that coin is on market the market is not hard enough evidence and proof to say what a coin is really worth (its only worth what buyer is willing to pay for it that range can be anything when it comes to selling point) after all that why we are sending the coins in for a professional grade to help us narrow down ballpark what a coin is worth on todays market  …

the grading companies should NOT be telling you how much your coin is worth (simply because you put it in wrong submission tier) now you have to pay upper tier just to have that higher “valued” coin graded … in the end of the day MS65 is MS65 based on the condition of the coin not it’s value !

On 4/13/2023 at 7:25 PM, powermad5000 said:

I was told it was a tier charge for a coin that graded out of a lower tier. I sometimes ride the line of that $300 mark and get the occasional surprise of a coin returning graded higher than I thought it would

That’s what confuses stuff up when submitting coins sometimes … Welcome to market grading !!!! MS65 coins is an MS65 doesn’t really matter (price value of the coin) should that really affect how a coin is graded “fairly” ? That’s how I see market grading … if a low end modern coin worth $20 was sent in got graded MS65 , now $400 Morgan dollar got sent in it graded MS65 (both coins had go through grading process to get evaluated for that grade) why they charges extra for grading tiers ? If you were not really sure what your coin was really worth at the time… It been long while since I sent anything in for grading I did it through a coin dealer shipping in coins to have graded for me he took care of the paper work and so on 

On 4/14/2023 at 3:07 PM, Fenntucky Mike said:

I think you've got it now.  

The book is correct as well, g x .002205 = lbs. 1 million dimes would weigh 2,268,000g x .002205 = 5,000.94lbs

Thanks for the math lesson I learn something new sometimes  @Fenntucky Mike My mind was somewhere else today I felt like my math was off when I got 1,944 lbs that’s why I asked where you got 453.592 I mixed up a number somewhere where I should not have … it’s the way I calculated it was wrong …. I stand corrected …

5,000.94lbs is indeed 2.5 TONS !!!! that’s just crazy someone hauling that kind of weight around in dimes ! 

On 4/14/2023 at 2:09 PM, Fenntucky Mike said:

Google. 

It does seem high.  

 

 

453.592 grams equal 1 pound … I see it this way to determine how many dimes are just in (1 pound) I take 453.592 (1 lbs in grams) / by 2.268 (weight of a dime in grams) equal out to 199.99 (dimes make 1 lbs) let just round it up say 200 dimes equals 1 LB 

… does it sound right now I hope I got that part right I use math everyday in the machining world … but I don’t know all the math equations to convert certain stuff over to another conversion 

On 4/14/2023 at 1:49 PM, Fenntucky Mike said:

453.592

@Fenntucky Mike I’m curious where you got 453.592 ? My math was different than your I went my engineer book at work … I included a picture of what it told me to multiply to get 1,944 lbs rough estimate I felt it was wrong somewhere on my part then again 2 million dimes are a small coin would’t feel like it’s 2.5 tons (1 US ton is 2,000 lbs) 

@Fenntucky Mike one thing that occurred to me while reading the article I’m kinda puzzled … what was that much US mint coins doing in back of a semi truck ? Doesn’t the US mint transport money and coins in armor vehicle or a armored truck ? I don’t know I just don’t get it … Someone had to known there were coins and or “money” in this case that was easy to grab like @World Colonial said “a partial inside job” yep is sure sounds like that maybe the truck driver is in on it who knows 

I calculated 2,000,000 dimes to make $200,000 … I’m curious of weight in pounds … so a dime weigh 2.268 grams 2,000,000/2.268 = 881,834 grams (rough estimate) that’s near 1944Lbs !!! No way one person loaded that up themselves they had to have help … I suspect a group crooks was in on this probably split up in different states taking these coins around to money exchange machines it would be hard to trace unless one of them are very stupid which (I hope they are) they walk in bank with a huge load of dimes that sets off all kinds of alarms with the bank teller 

This is one of the craziest stories I’ve heard of in long while … 

On 3/7/2023 at 3:07 PM, VKurtB said:

The answer is ONE.  Cliff Mishler owns exactly ONE slabbed coin. Think about that. Now, talk to me about how important Registry Sets are. 

I know of a few collectors that’s all they have is Raw , Raw , Raw coins not a single slab … nothing wrong with that I worked with a fellow his great grandfather started coin collection gave it down to his grandfather then his father now him … he called me over his house one day showed me it was a huge Raw coin collection over 1,000+ coins ! Seated dimes , standing liberty quarter some with Full heads ! In Gem condition , Morgan dollars and so on nice walking Liberty halves as well just to name a few…. This stuff would sell like hot potatoes in the future when dealers are looking for fresh material to send in for grading … I myself have more Raw coins than I do slabbed coins I go both ways I’m not into registries 

@l.cutler I think its someone goofing off in this post not a real question “to new to know better” . Lol  … You know how the newbies sounds sometimes on here no matter how much information and knowledge  you give them … they already watched 1 or 2 of YouTube videos on coins within the first 2 minutes of the video they reach “pro level” coin collector they figured it all out nobody else can tell them wrong 

Looks like it was thrown in some tumbler of sort tumbled it down pretty heavy or someone using small  polishing equipment 

On 4/13/2023 at 11:51 AM, Dascher said:

These are definitely cool. I've now got 2 solid years / 200lbs / 25,000+/- cherrypicked foreign coins under my belt, and I have yet to come across one of these bad boys. Well, I've got a great 7 lbs batch coming any minute now so I'll keep my fingers crossed!

I don’t know if you’ll find German trial strike or patterns in your large batch of coins but who know … They carry a decent price tag even in raw condition but there is a book strictly on German pattern coinage but if you don’t mind it’s written in German …The book itself is a useful catalog and information of German patterns … I also try to collect numismatic books gain as much information as I can on German numismatic some of these books are hard to find I have to order them from overseas sometimes and have them ship to me …. So I have small numismatic library call me old school I’d rather look at hard copies and books than to look something up online find very little information … right now I mostly been putting together a graded set of 2 marks , 3 marks , 5 marks slowly coming along all in Proofs , I might take a break from that some time this year and start collecting German pattern coins and few medals as well I’m looking for a good book on German “table” medals for my library 

if you find any decent condition German Baden coins in your batch of large bulk coins … I might interested if you want to sell , I also collect Raw German coins but usually only in AU-to BU or Gem condition for my raw collection I’m working on … I haven’t been able to find any decent ones that I like on MA-shop or anywhere online it’s a difficult set to put together with all coins in MS condition 

1/2 Kreuzer (KM # 241) 

1 Kreuzer (KM # 242) 

3 Kreuzer silver ( KM # 246) 

My bad ! That scratch is on the slab … looks like it got roughed up bad 

No way that coin is MS69 ! That clearly damage right there very distracting to look at … if you looked up the NGC number and picture doesn’t match you have in your hand ? I’d be very suspicious check side of slab make sure someone didn’t crack it out and put that one in there you would see details like cracks or glue or something … that coin looks awful more like a coin with a detailed grade if I were you if wherever you got it from return it back quickly as possible but from somewhere else 

@Dascher if you like Pfennig coinage or putting a set of pfennig together  so suggest you take look into German empire “Probe” (pattern) coins there’s some nice interesting 25 Pfennig pattern pieces that are easy to find from time to time although a little pricey but worth sending in for grading as well included a picture for reference