GoldFinger1969

Member: Seasoned Veteran
  • Content Count

    1,607
  • Joined

  • Last visited

Everything posted by GoldFinger1969

  1. If you are getting a common date, I would stretch for the MS-65 level (w or wo CAC)...the premium is worth it for the eye appeal and you'll enjoy a higher-quality coin (at least I do). I doubt you see any AU's sneak that high; MAYBE MS-60/61/62.
  2. They are selling these in-bulk, common dates all MS-63.
  3. By and large, a "C-Corp" is better at protecting assets. CM is right, consult a tax attorney.
  4. 1st post on the new boards ??!! Considering that most of the TPGs and many people here have trouble grading many (most ?) coins to within 2 grades, I find it very funny/ironic that we are worrying about the Top 10% or A-B-C coins.
  5. Agree with Mark, who has been generous with his time on these Forums giving us his opinion, advice, and expertise. CAC is 1 more well-informed opinion. If you don't need it, you don't need it. Most in the hobby sadly do or at least benefit from it (and I include myself in that group).
  6. Anything on Amazon or a coin site regarding 3x, 5x, and 10x magnifyers that you vets swear by ?
  7. I disagree....if they can program chips to drive cars without people and account for all the variables, they can certainly do that for the myriad of possibilities of grading, defects, marks, cleaning, etc. It wouldn't even have to be fool-proof. But on lower-$$$ coins, it would be a nice speedy way to assist the graders.
  8. Mark, on this subject, given the increases in microprocessor and computing power today vs. 10 years ago -- let alone the 1980's when the TPGs came into existence -- how long do you think it will be before all coins submitted to PCGS or NGC are given an automatic scan that checks metallic content, checks dimensions, strike quality, imperfections, etc ? Not necessarily to grade the coins...but to look for counterfeits. A scanner or analyzer should be able to work 50-100x faster than graders if not more. Once a coin was confirmed as authentic, graders could concentrate on the aesthetics and other gray areas that humans excel at but computers can't do (yet).
  9. I personally think it's a nice coin and agree with Mark: if you like it, the $$$ paid are very fair.
  10. Are you talking about that mark between the middle and lower horizontals of the "E" ? Or maybe the indent on the middle horizontal of the "E" ? Either way, it's about 1/50th the size of the "E" itself so maybe it didn't qualify. I can't even tell if the former blotch is on the coin or on the holder. I'd have to see some other PR70 DCAMs to see what the tolerance level is. I mean, if you look long enough at any MS-70 coin you can probably come up with a few microns here or there to knock it down a grade.
  11. Double Eagle Saints ? Augustus Saint Gaudens ?
  12. Good to hear of a case where MS60 gets some respect! Yeah, on alot of coins where high MS is not available at all or at even semi-reasonable prices, the AU is sometimes more visually appealing than MS-60/61/62 coins. Surprised that one has that much of a bump just to MS-60.
  13. Here it is, 1 1/2 and 2 grade up-moves in many of these coins (I am not a Franklin collector so I have no dog in this hunt): https://forums.collectors.com/discussion/937859/rampant-gradeflation-in-franklins-is-why-i-stopped-collecting-the-series
  14. And yet....it happens....and I posted a (famous) thread over from CU (not sure if it's still there and I hope I can find it either online or if I cut-and-pasted it into Word) in which a collector saw a Franklin Half he had go up 2 full grades and get the FBL designation and increase in value something like 20-fold (or something like that). I'll try and track down the posts, it was some very savvy collectors who frequent the CU message boards.
  15. I enjoy buying a CAC coin here-and-there and have no problem with the premiums the coins are afforded. I do wonder, however, about John Albanese's statements regarding CAC and grading. First, his belief that there are clearly segmented A-B-C coins within each numerical grade -- I find that farcial. The graders themselves can't agree for sure on many/most coins up to 2 grades higher/lower, and I'm supposed to believe that some of them, including CAC, can tell which are MS-65 A's, B's, and C's ? Please....... Second, his whole mantra is that the TPGs got sloppy with grading, but wasn't he a founding member of NGC right at the time of the 1989-90 Bubble ? I'm not blaming JA, but I think the whole A-B-C thing is ridiculous. I have no problem with CAC affirming some coins as higher/lower for the grade, but the specificity of the A-B-C trichotomy is a bit much to believe given grading standards and their variance. CAC is basically grading the graders, IMO.
  16. One thing that should be helping the price of numismatics over the last few decades is the increase in the overall U.S. population. In 1980, it was about 250 million. Today, we are at 325 million. Unfortunately, it seems most of the new millenials and many immigrants are not into U.S. coins like previous generations.
  17. An 1880-S MS-67 about to end on Ebay at close to $1,000 (or higher): http://www.ebay.com/itm/1880-S-1-Morgan-Silver-Dollar-NGC-MS67-PL-/142255531742?hash=item211f1726de:g:31gAAOSwjDZYhjwz Seeing lots of 1880-S's for under $200 in MS-64 or so, why ? Even seeing an MS-65 CAC for under $400: http://www.ebay.com/itm/1880-S-PCGS-MS65PL-MORGAN-SILVER-DOLLAR-BLAST-WHITE-CAC-/351957526288?hash=item51f24da710:g:rg4AAOSwjDZYenRq LATE EDIT: Oops.....they're not PL or DMPL, that's why they are cheaper. Sorry !
  18. Umm...no....I think I acknowledged it above. Some coins -- like MS-65 Saints and common Morgans and semi-rare Morgans -- have a more liquid trading history. You don't see the market for MS-65 Saints in common, semi-rare, or even rare condition change that much month-to-month. But the semi-rares or rares I have seen the prices change alot quickly. I'll leave it to the experts who have followed the market and actual sales offer their expert opinion as I value it. But some coins so infrequently trade that you can't even call it a "market" -- it's like for some impressionist art, there's only 1 of a kind and it's whatever someone will pay.
  19. I'm not an expert on the coin market but am pretty knowledgeable about markets in general. The coin market is what we would call a discontinuous or non-liquid market. By that I mean that with very rare exceptions the price of the coins can change alot even if the underlying metal prices do not. This is simply because a few buyers or sellers can greatly impact the price. You see this around Christmas time when people "pay up" and you see it at other times when the same coins can sell for 10-20% less than what was sold on Ebay or HA. A classic example would be a price insensitive or inelastic buyer -- say a billionaire -- who doesn't care if the price for a coin should be $20,000 or $200,000. If he/she wants the coin, they'll simply tack on an extra 10% or 20% or whatever. It's like you or me quibbling over $20 UPS shipping and just deciding to pay it. Yes, some rich people are price sensitive but many others want something and want it right now. Plus, if a rare coin only shows up every few months or years, the buyer may not want to risk another wait that long. You get 2 such buyers and chaos can ensue. The opposite can happen with an (estate) liquidation. Many years ago the private bank I worked at handled an estate sale for some kids. Their parents had a nice art and coin collection. They wanted the CA$H right then and there and told us in no uncertain terms that they wanted 80% of FMV that week rather than FMV a month or two from now. We had a painting that had comparables sold for $50,000; no way we should have gotten less than $40,000. We ended up selling it for $25,000. We also sold some Saints which were unslabbed; probably mostly MS62-65. We got like 5% over bullion if that. These kids were all earning $50,000 a year (if that) and spending like crazy. They wanted to split the estate of close to $5 MM ASAP and didn't care if we got $5 MM or $4.5 MM or $4 MM. The only thing they held out a bit for was the main residence probably because it had some sentimental value (family had lived there almost 40 years). Realtor handled that and got a very good price, close to $2 MM as I recall (this was back in 1999 or 2000).
  20. Thanks Mark....so today those same MS-65's are $150 or so, give or take ? As I recall, for most of 1989-90 the price of silver was $5-$6 or so, give or take. So the price of silver has TRIPLED since then yet these coins are still down 75% or so on average from the bubble peak, and I'll bet even 50% or so from the prices months before or after the Bubble Peak. That's how crazy things got !
  21. $200 more like it, Mark ? I qualified my rushed guestimate but it seems I was still way off, thanks for the heads up. Looks like the price triples or quadruples if you go up to MS-66 and then again for MS-67 (those are ballpark figures...approximations...just confirming that the price moves bigtime after MS-65. ). That $34K sale may have been a bubble outlier rather than the price for a few weeks or months, but even so the drop since then looks to be on the order of over 90%. That was my point even though my numbers were off. Blumert didn't specify the grade for the coin that sold for $34K but even if it was an MS-67 you are down almost 90% from that price. Of course, I doubt many coins traded at that level even for MS-67.
  22. 1971-80....price of gold went up over 20-fold....inflation and interest rates skyrocketed....floating currencies...gas lines....perfect for gold and gold coins. Ditto silver, which actually went up 50-fold from the late-1960's. Blumert mentions that coin in his article. Probably fell 50% in 2 months and probably fell peak-to-trough about 80-90%. He says an 1878-S Morgan sold for $34,000 at the time (probably was an MS-65) !! I think an MS-64 today goes for about $1,500-$2,000 (not an expert so feel free to chime in). Even MS-67's are not selling for $7,000 - $10,000 (at least on Ebay, have to check HA).