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Revenant

Member: Seasoned Veteran
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Posts posted by Revenant

  1. I'm wondering if you've managed to streamline the process in this new system. In the past, we'd enter in a PCGS certification number and, if I remember right, an NGC employee would have to manually check it / confirm it and add it to our registry and our set, and this could take a few days. Will this (still) be the case with the new system or have you found a way to automate the process?

  2. I think he's wrong about at least one thing: if a common Morgan is $200 in MS66, $750 in MS67 and $5,000 in MS68, I don't think that will last forever and it will prove to be a bubble. There IS subjectivity and a one point move up or down is always possible and many of the people buying these can't tell the difference between a 68 and 66 consistently. That pricing won't last forever.

    Didn't this same person write an article some time ago saying, essentially, ask yourself, if TPgrading went away tomorrow, would your purchase still have value / be smart. I think the answer there is a BIG "No" with condition rarities.

  3. 8 minutes ago, Coinbuf said:

    I was exaggerating a bit, unfortunately not all that much.  Of course some of this depends on the value and the coin, a chain cent or coiled hair gold coin will have buyers and a strong following to keep the prices higher.  But more widget type coins could see significant price falls if the fail data were ever released by CAC, some might even be close to my 50% number, its really tough to say for sure which coins would be the biggest losers.  Remember that if that data were released its affects would not be limited to registry participants, it would be felt across the entire hobby.

    What market segment you live in would definitely play a part. I've been having fun trying to collect some type coins for late 19th and early 20th century European gold coins. Several of those sell for only 20-50% above melt in grades of MS63 to MS65 (depending on the coin / date / whatever). Some of them are more like 100% over melt. Still... It's hard for me to imagine those dropping much. They're nice Ch BU or Gem BU examples that are already barely over melt. They're not going to drop under melt. So, unless melt drops, I don't see the market caring about CAC / WINGS all that much, and a 1-2 point change in grade doesn't change value much in that grade range- another reason I just roll my eyes when I see someone paid fees and shipping to get one stickered.

  4. 4 hours ago, World Colonial said:

    I didn't read the post to which I replied with your interpretation.

    For brevity I'm not going to quote your whole post, just part of this so that what I'm saying is clearly a reply to you, but, your point is taken / a good one and I see where you're coming from and you're probably right.

    I'm not a flipper and I'm hoping to never sell, so I don't really care about my coins as an investment and that's just not really how I think - which is probably why CAC never appealed to me.

    I like the TPGs because it helps insure the coin is authentic and I like the presentation that the NGC holders in particular gives the coin - especially some of the smaller gold coins I collect, especially the newer pronged holders. I like higher grades - often MS64 to MS66 - because this generally means fewer distracting marks on the coins, and I enjoy the registry. But that's the extent of my interest.

    This actually probably the biggest reason why my Zimbabwe Note set grew this year even though it hadn't really grown much in the last 10 years, even though I'd wanted to build it. Years ago I would have paid $30-50 a note for most of them. Prices have come down and now, this year, I've been able to build a lot of the set for $8-15 a note, already PMG graded. That got the price of building the set low enough that I could have fun building the rather large set and just think of it as a fun hobby / research activity and not care about not recovering my paid prices at any point down the road. At the higher prices I was happier going for silver rounds, knowing I'd at least have silver content for the money.

  5. 9 hours ago, エジプトの歴史 said:

    your system is down for 2 days now, how come?  NGC is a multimillion dollar company, you should hire a responsable software engineers, what a shame!!!!!!!!!!!!!!

    The company I work for does about $6 Million in annual revenue. We have 1 software engineer that works on both Software and product (hardware / firmware) development. He's been with the company about 30+ years and I suspect he'll either retire soon or die on the job. Our IT is subcontracted to a company that specializes in it. 

    My point - NGC is a coin grading company. The Registry and IT is a cost - marketing, not a revenue stream. It might get lower budgets than you might think.

    Be patient - everyone working here is working so that we can have fun and they don't charge for it - membership here is free.

  6. 6 hours ago, World Colonial said:

    If you are correct about the proportional loss, this says a lot about the state of the "hobby".  It also says a lot about what "collectors" actually think of the coins they are buying.

    Well, I think that post assumes that the graded coin market and the registry here and ATS are far bigger than they are. The vast majority don't participate here so it would make no sense for a registry development of any kind to hit prices much.

  7. You can click links / hot text on all the sets and scores to see tables with all the point values for all eligible coins for a set / slot.

    As far as the algorithm that populates the tables: lol Good luck. They'll never share that. It wouldn't help you much even if they did. No single scoring system will ever make everyone happy and be universally fair, consistent and logical. Sets/collections and market values and rarity of coins is too complicated and diverse to ever capture with 1 number.

  8. 1 hour ago, Filipinas Bullion Collection said:

    Can i still add coins to my set before December 6, i tried to add my recent acquisition but it seems it is not working at all today. Thanks

    If you're having problems it's probably a short-term issue. Normally we can make changes up to the hour / minute of the cut-off and it works and counts.

  9. 3 hours ago, Jcov said:

    In my very, very short couple months since ive inherited this hobby, I agree about PCGS AND NGC being the top 2. And have been steering clear of those 40 coins.LOL .Getting everything togather, cataloging everything and trying to learn everything i can dont leave much time for it.

    Did you want to inherit it? I mean to say, is it something you have interest in / had prior interest in or are you just finding yourself with it?

    I have a couple of kids of my own and I have no idea if they'll have any interest in these things when I'm gone but it is something I wonder about sometimes.

  10. 8 hours ago, RWB said:

    Not clear that the gold blob was a "tribute" to anything. A clever marketing gimmick for the privately run Canadian Mint. It's loss, or that of the remaining ones is no loss to history, culture, and certainly not art.

    :)

    Urinals have been turned upside down and presented as art. Art has a pretty low and subjective bar if we're being honest.

    Maybe not as a tribute to the smaller ones but definitely made to gain publicity for them and maybe increase sales. It definitely wouldn't exist without the smaller ones and is referential by way of using the same design and getting called "the big maple" (where there's a small one).

  11. 6 hours ago, MarkFeld said:

    Since you don't know what they are, it sounds quite close-minded to refer to them as "stupid".

    Maybe so, but I think they're shiny eye-sores that only impair the presentation of the coin - I hold the same opinion of the CAC stickers. They're not much better than scratches on the slab IMO. So, regardless of what they signify, I tend to dislike their presence. "Stupid" is mostly an indication of that dislike. I guess I should go with "ugly" instead.

    I honestly like them even less now that I know.

  12. No. There are so many wrong-headed things with this but, No.

    I don't own a single CAC coin. I don't plan to for a while, if ever. I've always thought that service only made sense with rare, high end coins where one grade up or down made a difference of hundreds, if not thousands, of dollars in value. That's not the part of the pool I'm in.

    I can't speak for over there, but the community over here is small enough already without marginalizing the few people that you do have. The emphasis should be on building community, bringing more people in, and expanding the hobby and collector base. Not drawing smaller and smaller circles that let fewer and fewer people in.

  13. On 11/17/2019 at 11:37 AM, erwindoc said:

    Love the registry and I am excited about the awards this year!  For me, it created a new wrinkle for collecting!  I just hate that I cannot use PCGS coins any longer.  Has made it really tough for me to find the last coin or two for one of my sets. 

    It does add a lot of fun to this when you can share what you enjoy. I wish I had more time (and money) to invest in some of my other sets / projects, but instead my registry participation tends to focus on a couple of prized sets and there is a huge quality gap in the presentation / treatment of some of my sets. Of course, with the Zimbabwe set and the 10G set I have a concept and a story that I want to tell with the set that I put all that work into. With something like the presidential dollars, even if I had the time and energy, I just don't know how I'd give them a similar treatment - but that comes down to passion and inspiration. The Zimbabwe hyperinflation captured my interest and imagination in 2008 in a way that the presidential dollars never did and haven't so far, even though I'm a history buff.

  14. The 1888 has the lowest mintage in the Netherlands Willem III 10G set, with just 35,585 struck that year. The 1887 isn't far behind at 40,754 minted that year.

    Of course, both of these are pretty common compared to the 1879/7 variety, which NGC includes a slot for in the set, but they're both very rare and hard to find compared to the 1875, with a mintage of about 4.1 million or the 1876, with a mintage of about 1.5 million.

    3102966_Full_Obv.jpg

    3102966_Full_Rev.jpg

  15. On 11/8/2019 at 10:14 PM, Just Bob said:

    I had seen these and like the look of them - they are very similar to the larger stands I have for propping up my award plaques. I just wasn't 100% sure they're work / be big enough for slabs since they're apparently made with Air-tites in mind.