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We'll let the market decide



 
 
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  #1  
Old June 18th 08, 09:28 PM posted to rec.collecting.coins
longnine009
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Posts: 125
Default We'll let the market decide

There's an item on page 5 of CoinWorld 6/23/08
about PCGS' new"Genuine Slab" for problem coins. They
will consider authenticating certain damaged coins but they won't
net grade them: "Some people value damage differently"
"We'll let the market decide." --Ron Guth

If markets can put a value on damaged coins without
a grade from TPGs then shouldn't that market be able
to value any coin without their grading opinions?



*************************************************
"Paper [money] is a mortgage on wealth that does not exist,
backed by a gun aimed at those who are expected to produce
it."--Francisco d' Anconia
Atlas Shrugged--Ayn Rand
*************************************************



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  #2  
Old June 18th 08, 09:38 PM posted to rec.collecting.coins
Mr. Jaggers
external usenet poster
 
Posts: 5,523
Default We'll let the market decide


"Longnine009" wrote in message
. ..
There's an item on page 5 of CoinWorld 6/23/08
about PCGS' new"Genuine Slab" for problem coins. They
will consider authenticating certain damaged coins but they won't
net grade them: "Some people value damage differently"
"We'll let the market decide." --Ron Guth

If markets can put a value on damaged coins without
a grade from TPGs then shouldn't that market be able
to value any coin without their grading opinions?


I collect just one series of coins, comprising just ten coins, in PCGS
slabs. I own one that they rejected as having been cleaned (I am sure that
a couple of the others that I already own have also been cleaned) and would
like to have that one slabbed to match the others. Trouble is, it cost me
$30 for their "cleaned" opinion, but now it will cost me $100 for their
"genuine" opinion. No, thanks.

James


  #3  
Old June 19th 08, 03:43 AM posted to rec.collecting.coins
longnine009
external usenet poster
 
Posts: 125
Default We'll let the market decide


"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"Longnine009" wrote in message
. ..
There's an item on page 5 of CoinWorld 6/23/08
about PCGS' new"Genuine Slab" for problem coins. They
will consider authenticating certain damaged coins but they won't
net grade them: "Some people value damage differently"
"We'll let the market decide." --Ron Guth

If markets can put a value on damaged coins without
a grade from TPGs then shouldn't that market be able
to value any coin without their grading opinions?


I collect just one series of coins, comprising just ten coins, in PCGS
slabs. I own one that they rejected as having been cleaned (I am sure

that
a couple of the others that I already own have also been cleaned) and

would
like to have that one slabbed to match the others. Trouble is, it cost me
$30 for their "cleaned" opinion, but now it will cost me $100 for their
"genuine" opinion. No, thanks.

James


Think of it as upauthenticating your coins.


*************************************************
"Paper [money] is a mortgage on wealth that does not exist,
backed by a gun aimed at those who are expected to produce
it."--Francisco d' Anconia
Atlas Shrugged--Ayn Rand
*************************************************




 




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