Revenant

10 minutes ago, Conder101 said:

 

I think the "special enhanced Reverse Proofs" are more legitimate than the Emergency issue" coins that are impossible to be told apart from the none emergency one  except for the label on a holder.  But they are both just a money grab.  One by the government and one by promoters

You make a good point, but I feel like the emergency production run at least sprang up / the coins were made organically based on economic events - there's some history there. The reverse proofs from their inception were just "let's make this so we can have something new to hype and sell."

70s should be "perfect." 69s are very close to perfect.

These things are always billed as collectables but they almost never achieve much value or collectability because there's never any chance of them being rare. Rather ironically, things made to be collectables are almost always not very desirable as collectables. They're never truly rare. They just become a box you have to check - "yeah, I got one of those, too."

It's the things like the limited-run "Emergency Issue" P-mint Silver Eagles that are interesting and fun to look back on and not the "Special, Enhanced Reverse Proofs."

Well, I got a 5% raise literally a week before the market tanked and a bonus that was equal to about 5% of my annual salary, on top of that we got a bigger refund than we were expecting in April. So We really got flushed with cash and our expenses went down when we almost stopped spending anything on gas and haven't been eating out at all. We are starting to use a little of our disposable income on buying weekends away at pool houses with the in-laws just to get away from the damn house a little and enjoy a little of the summer.

So I've definitely gotten to spend more on coins and currency than I would have if life were more normal and I've definitely used all of this to work on catching up on my Queen's Beast coins and building my ZImbabwe set - I'm getting really really close to having that set basically finished.

So I'd say what everyone is saying here is definitely true for a lot of people including myself. But I'm also only spending a small part of it all and we're still socking away a lot of cash as a just in case thing. We put a little bit into the stock market when things were still low in March and April but I'm definitely not going all-in there like some people seem to be.

On 6/22/2020 at 9:46 AM, BillOlev said:

Can PCGS registred coins be added to my NGC Registry set to complete the set?

The only set I see in your registry is a Franklin Half Dollar set, so, unless you're planning on adding some non-US sets, you should be good!

On 6/20/2020 at 3:35 PM, World Colonial said:

When it comes to the most expensive coins generically (not specifically this coin), those who buy and sell it are a lot more interested in exaggeration to inflate the price level as much as possible.  It's marketing and nothing else.  US "collecting" is the absolute worst in doing this.

Yeah, but these people were probably never really collector's and I wouldn't be surprised if in many cases a representative collects the coin, it goes right into a vault for storage and the person who owns it might be in the same room with it once.

On 6/17/2020 at 1:39 PM, RWB said:

The 2020 ANA convention in Pittsburgh has been "postponed." Now might be a good time to sell your hot dog, mustard and ugly shirt stocks.

I think the time to sell those was back in March.

The only things I've bought of a little of (other than through the company's managed 401K) was some gold mining stocks. Those are down some from their highs but I'm still up overall for now and getting dividends so I can't complain too much - I knew I should have sold those share of GOLD when it hit $28 and waited to buy back in later. I just knew it! But I didn't....

Now, my wife, she wanted to buy Carnival stock (CCL). That... has been a whole 'nother adventure.  

Anyway. There actually are some things I would be / will be interested in once we get another drop but I'm just absolutely not interested right now at these prices with the Dow at ~26,000. It's all the FED and premature hope and nothing else.

ANA's not really a surprise though. I'm more surprised that NGC is planning their own event in place of it. I love the attempt to support the hobby and do something nice for the client / customer base but all face-to-face stuff just seems so risky right now. I live in Texas though, so with our virus numbers going up I'm almost afraid of my shadow. We've been self-isolating at home for about 14 weeks now, except for our little pool house excursion. Even then, we were all to ourselves except for her mother coming to join us. That was great fun though.

10 hours ago, ScarceMetals.com said:

The Modern tier is not only for silver eagles from last year or so. I'm using it to certify conis that are 50-60 years old and with mintages in the thousands. I'm sure the graders are not seeing to many of those to get bored of them. I just think that when you announce a special discount for your members it should be for all types of coins and not preferential. 

I'm mostly messing around, and I did acknowledge to older moderns. 

While they do get moderns like that I'm still pretty sure those are a tiny fraction of what gets submitted under the Modern tier and I'd be surprised if what gets brought to something like this isn't overwhelmingly classic coinage.

I understand your frustration, but at the end of the day I think they're just tailoring the event and the incentives to target the people they expect to be interested in it. I can't really blame them there.

2 hours ago, ScarceMetals.com said:

No discount for the Modern tier?

It's already the cheapest tier and I think they get plenty anyway - especially in bulk. I'm sure they sick of looking at monster boxes of Eagles since January and they'd like a change. Lol I also imagine the moderns aren't the ones people would be itching to take to an event like this unless it's an old modern from the 50s. I could be wrong though.

On 6/12/2020 at 2:15 PM, Just Bob said:

Why limit yourself? Think like an Etsy seller, and list it for $25,000. (And, I am not exaggerating. I saw a common Jefferson nickel with environmental damage listed on Etsy not long ago for $50k.)

I wonder if these people think these things are rare just because they personally have never seen one before or if they're just fishing for suckers.

You can still get to it and I can still access the information you're talking about if you're talking about what I think. 

https://coins.www.collectors-society.com/

12 minutes ago, Iceman said:

The thing is that I asked if the price of $12 dollars also includes the scratch resistant holder.....I don't know why she answered me the way she did. 

Ah okay. I got my wires crossed on that one. Maybe she did too.

Looking at it, I'd say your first post / thought is right and it'd be $17 per reholder. Because there is nothing saying that the $12 reholder is to a scratch resistant one and there's nothing on the "Upgrade to Scratch-Resistant Holder" that says you don't have to pay the $5 for it over a standard reholder.

BTW, have you seen the Mega Reholder? Ouch!

On 6/12/2020 at 10:19 AM, Iceman said:

So the cost with the scratch resistant holder will be $12 dollars each?????

Yeah, getting these things reholdered isn't cheap. I can definitely understand why some people say that if they get a coin in a holder that looks beat to hell they just send it back / return it to the dealer because it's not as simple as just saying, "Oh I'll get it reholdered later." That can be quite cost prohibitive unless you have a large budget.

2 hours ago, Coinbuf said:

Those can be found on the internet without going to a shop

Yeah. But if I order them and they arrive then maybe I have to actually do something because of my lack of excuses.  

2 hours ago, Coinbuf said:

Nice deal, now you need an open coin shop to find something to submit. 

Sigh... I need clear plastic flips...

I didn't do quite that well but I joined last year for a reduced fee of $15 and signed up for auto-renewal so it renews for $20/year now.

I pretty much never submit either but I do like the idea of supporting this place a little.

I own one of these in MS65 that I bought years ago for close to melt (I think probably Melt + 20-30% but it was years ago). I can't imagine anyone giving you much over melt + 3-5% for an MS63.

10 hours ago, GoldFinger1969 said:

Hundreds of billions of dollars in oil revenues never materialized because of Chavez and Maduro....

Well… It was working out of a while. The problem they ran into is that when they seized those assets the Oil Companies still had (and they didn't) the knowledge to maintain those assets. Even if they still had the knowledge or know-how, you have to pay / spend a lot of money to maintain them in good working order. When things inevitably break you have to have left some of your profits set aside to fix them, or else there are no profits later.

3 hours ago, Coinbuf said:

Second just where did you obtain this info.

If I understand right, they're trying to make all sellers go into the managed payments system and the managed payments system / program doesn't currently allow coins, bullion, paper money, or cars... But the implementation of the program is months away and they may change other things / policies to go along with this and they haven't explicitly said they'd be banning these things so... I'm not overly worried. Nor should anyone be.

On 5/11/2020 at 4:04 PM, Just Bob said:

I can only imaging that they are working in very strained conditions, due to the current situation with the Covid-19 virus. Imagine having to sanitize every package that ships in and out of there, and having to stop working and constantly sanitize during the day. It has to slow things  down considerably.Acceptable, or not, "Be patient" is probably the best advice anyone can give you right now.

Every time my wife and I get a package it sits in the garage for 3 days in what we call our quarantine. We put the box in there and immediately wash our hands - just in case.

I doubt NGC / PMG have that luxury and I feel sorry for whoever has probably been stuck with opening up the boxes and discarding the potentially contaminated outer packaging. It must suck.

On the flip side I've been seeing delays in getting purchases - like on eBay - because sellers that used to ship next-day are shipping maybe once a week in some cases.

It's just part of what we're living in and living through right now. Everyone needs to just try to be a little more understanding at the moment.

NGC might do themselves a favor by walking back their "fully open / operational" talk and acknowledge more loudly that, "Yes, we're open, but not as fast & efficient as normal." I think the vast majority would understand that. Those that don't... well, you'll never please everybody.

On 5/6/2020 at 5:29 PM, GoldFinger1969 said:

I love some of the Mint moderns, and they weren't getting bids at $1,800 when gold was a bit lower.  Now that gold crossed $1,700 -- they're getting bids. 

Funny how that works. I had a seller asking a silly-high price for a common date 10G I wanted because as he put it, "Gold is going up so much every day." That was about 8 months ago now and, yeah, gold is marginally higher, but it still isn't high enough to bring the price of that coin in line with typical pricing for the series - which is usually like bullion, melt + a modest percentage.

1 minute ago, Frank C. Mclaughlin said:

No, not with my budget @Revenant. Silver does go much further. I'm in it for the long run.

Funny thing is silver is also about half the density of gold. So a 1 oz silver coin is almost twice the volume of a 1 oz gold coin. People usually point to this as a major weakness of silver as an investment in that it takes too much space to store very large sums (weights) of cash equivalent. but the coins are just a lot bigger and fun to hold in your hand in my opinion. A 1/4th oz gold coin - worth about $425 melt - is about the size of a nickel.

On 5/2/2020 at 1:15 AM, Frank C. Mclaughlin said:

Over this quarantine I have bit hard by the gold bug and there's no looking back. I'm hoping for feedback on where to find value and how you spend a $100 bucks? 

 

Does it have to be gold? When I started down this road about 12 years ago I collected a lot of modern silver 1 ounce bullion coins (NCLT). They remind me of my grandfather's silver dollars from when I was little. They're cool. You can get lots of different designs and series from all over the world... The Chinese Pandas, the Australian Koalas, Kangaroos, Kookaburras, the Mexican Libertads… all fun coins - and Silver is $14-16 an ounce lately.

On 5/2/2020 at 6:21 PM, Coinbuf said:

You might be able to find a 1/10th ounce American Eagle for around $100, the melt value of just about any other US gold coin is above the $100 number.  I'm wondering what coin show your going to as all the large shows are currently canceled; a very small local show?

With gold at $1700 (roughly) a 1/10th oz AGE is about $170 for melt. If it's a bullion strike and not proof or in some collectable box from the mint I think you'll still be looking at about $175 or above at normal times but premiums have been insane lately and that might push it to $185-190. 70-Graded examples on eBay seem to be listing for about $215-240 these days.

11 minutes ago, Coinbuf said:

For world coins I would agree that the number of raw coins far outweighs the number of slabbed, thus the opportunity for significant pop increases is a risk if playing the top pop game.   For US coinage, and especially the key dates, the number of graded examples (especially high grade coins) is higher than the raw coins.  However because of the constant crackout game the pop reports are totally useless for a great many US coins.

The TOP POP game can get particularly amusing / fun to laugh at in some cases where a somewhat unethical dealer will ask for moon money because they lucked into a "single finest top-pop" note or coin when they know full well that you can get uncirc examples by the bunch or by the roll for a couple of dollars per note / coin and there's probably a TON out there that could match or beat that example.

I had a journal recently where I bought a coin for about $20 that was TOP POP by grace of the fact that it's literally the only one anyone ever sent to NGC for grading.