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The Basement
Last Post Nov 24, 2009 10:24 AM by: glocmt12
Replies: 1,228
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glocmt12
Posts: 11,774

The Basement

Aug 20, 2008 11:59 AM
A place to discuss numismatic topics.

Chat, post facts and factoids, or just alert your DB buddies that they've got mail.
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glocmt12
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The Basement

Aug 20, 2008 12:04 PM
Something gleaned from the numismatic press:

"Great price disparities sometimes exist between coins graded the same by different grading services. A good example is the 1934-D Peace dollar, grading MS-67. One example, graded by PCGS, sold in an April 2006 auction for $46,000. A few months preceding that sale, two MS-67 1934-D Peace dollars graded by Numismatic Guaranty Corp. brought $11,500 and $16,100."
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telephoto1
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The Basement

Aug 20, 2008 12:10 PM
Tells you something about NGC marketability, eh?
Grade for grade, NGC almost always brings less...at least on mint state issues.

Fact: I will sneeze 3-4 times in a row within an hour of a thunderstorm. Discuss.
]:)
Easy to pass over, impossible to ignore.

Don't blame me-I voted for the American.
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glocmt12
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The Basement

Aug 20, 2008 12:13 PM
Coin Values, Sleepers column:

"(W)hen it comes to buying high-end silver coins for investment purposes, it is probably safe to say that the Walking Liberty half dollars leadthe way, followed by the Franklin half dollars. After all, you can find coins in grades likeMS-68 orevenMS-69 in both series."

Now who was it saying that Franklins were boring...?
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glocmt12
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The Basement

Aug 20, 2008 12:14 PM
Fact: I will sneeze 3-4 times in a row within an hour of a thunderstorm. Discuss.

Change of pressure in your sinuses?
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glocmt12
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The Basement

Aug 20, 2008 12:21 PM
Coin World, Coin Values column:

"Just three 1997 American Eagle platinum $10 coins reside in PCGS MS-70 holders, while 197 pieces have been encapsulated by NGC...32 PCGS Proof 70 1999 platinum $25 coins to 363 pieces in NGC holders...

"Since the market for PCGS MS-70 and Proof 70 coins is thin, Coin Values price guide focuses on NGC prices, as those platinum coins have been graded in larger numbers than PCGS products."
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southernstargems
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The Basement

Aug 20, 2008 12:21 PM
Please check your messages glo.

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telephoto1
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The Basement

Aug 20, 2008 12:23 PM
"Since the market for PCGS MS-70 and Proof 70 coins is thin, Coin Values price guide focuses on NGC prices, as those platinum coins have been graded in larger numbers than PCGS products."

Translation: NGC has looser standards. B-)
Easy to pass over, impossible to ignore.

Don't blame me-I voted for the American.
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glocmt12
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The Basement

Aug 20, 2008 12:24 PM
At the end of 1991, there were 1430 problem banks. At the end of 2007, there were 76.

For fun, look at your Red Books from 1990-1995 and see how the coin market reacts to a real recession.
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glocmt12
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The Basement

Aug 20, 2008 12:38 PM
While this has nothing to do with money/coins per se, I found it interesting:

One third of patents filed recently were filed by Americans. Out of 156,000, 52,000 were US. This was almost exactly equal to the number filed by the next three countries combined: Germany 28,000, Japan 18,000 and South Korea 7,000.

France (6,000) and China (5,000) were next in order of magnitude.
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glocmt12
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The Basement

Aug 20, 2008 12:52 PM
According to The Numismatist, Aaron Feldman originally coined the phrase, "Buy the book before the coin."

Feldman (1894-1976) was, not surprisingly, a numismatic literature dealer.

I routinely recommend Making the Grade, The Expert's Guide to Collecting & Investing in Rare Coins by Bowers, The Coin Collector's Survival Manual by Travers, and any of the current Red Book guides. Walter Breen's Complete Encyclopedia of US and Colonial Coins is a valuable (though flawed) reference. I also love Jeff Garrett and Ron Guth's Encyclopedia of US Gold Coins: 1795 - 1933, Circulating, Proof, Commemorative, and Pattern Issues.
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thebleeper
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The Basement

Aug 20, 2008 12:59 PM
After all, you can find coins in grades likeMS-68 orevenMS-69 in both series."


Oh?? I just talked to Rick Tomaska at ricoins who is the biggest dealer of high end Franklins and he told me that NGC and PCGS have never graded a Franklin higher than ms67. (and only a few of those.)

----------------------

I bleep. Therefore I am.
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glocmt12
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The Basement

Aug 20, 2008 1:07 PM
When Dr, William H. Sheldon published Early American Cents, he introduced the 70-point grading scale. He had noticed that for common varieties of 1794 Liberty Cap cents, a coin that met his criteria for Good was worth $4, one that was graded Very Fine was worth $20 and a third example that he graded Perfect Mint State was worth $70.

Other dates and varieties of large cents had similar price ratios between the grades, so the 70-point grading system was born.

Interestingly, according to the current issue of Coin Values, that same 1794 cent is worth $400 in Good 4, $1200 in Fine 12, $4000 in Extremely Fine 40 and $4500 in Extremely Fine 45. An exact correlation to the original ratios! Of course, it breaks down at About Uncirculated 50 ($6000) and gets progressively worse in the higher grades. Still...
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larrymo123
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The Basement

Aug 20, 2008 1:10 PM
Fact: I will sneeze 3-4 times in a row within an hour of a thunderstorm. Discuss.

Perhaps some rain got in your nose.
B-)
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glocmt12
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The Basement

Aug 20, 2008 1:15 PM
If Rick Tomaska, the author of The Complete Guide To Franklin Half Dollars (which I recommend, by the way), said that, I'm sure he is correct.

I seem to remember him stating, in his book, that all of the MS67s he saw graded by NGC and PCGS were toned, to boot.
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