Current opinion on grading/slabbing?

On Apr 6, 8:55*am, "bremick" wrote:
"Ruben" *wrote in messagenews On Wed, 03 Apr 2013 16:31:46 -0600, Trevor wrote:
Thanks, this was very helpful!

No it wasn't helpful. *It was biased and not reflective of the market.
MS70 slabbed coins have been on the market and holding their value for
quite some time now. *MS70 slabbed coins have done well on the open
market.

Personally, I wouldn't spend the money on them, but denying the reality
of the market value is delusional.

Rubenhttp://www.coinhangout.com/cgi-bin/YaBB.pl
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Some slabbed modern MS70 coins may hold their value today, but not likely as
a long term "rarities". *Too many of them suddenly being offered to a
gullible collector base. *Perhaps you don't recall just a short time ago
when any coin graded MS70 was unthinkable. *Don't you ever wonder how
dealers and shopping channels can always obtain so many of them (to order?)
for their stock, most of which are usually Mint-issued bullion "coins"? *Oly
is right when he says that many people who buy these things couldn't tell a
69 from a 70, or even a 68, if the slab label were covered.

The irony is that after you've spent big bucks for that slabbed MS70 Eagle,
a year later it's value may have plummeted because it doesn't have a CAC
sticker or an MS70++ label on it. *Your MS70 will have turned into an MS69,
value-wise.

Today, I have some nice traditional older coins that I am proud of, I
have some average stuff that isn't all that exciting but which give me
some personal satisfaction from ownership, and I have boxes and boxes
of modern dross that can't be sold at any worthwhile price. Some of
the dross I paid for and some came from liquidating estates and
collections. I speak from experience and and I really really need to
be more discriminating myself. But it's difficult when you are a coin
junkie.

oly

"Steady man, and always think [before buying]; an accumulation is
never a collection."
- Lord Joseph Duveen (emminent English art dealer, d. 1939)