azda

Well, shit just got real, just dropped through the door

Maybe it’s also a presumption that people don’t mind 😏

How many agents of NGC or PCGS or NGC and PCGS themselves do you know that show off other peoples coins online? I only know of 1. Do LCGS record for the world to see the coins you submit?

Not sure where you looked but i’ve taken coins into NGC for May grading in that Tier

NGC don’t show videos of coins anyone sends in, why should he? Just look for numistacker on YouTube.

Have you tried submitting into their grading week? I’ve always picked mine up at the end of the week without problem. Of course I understand you don’t live here. All imports etc are handled by NGC when you submit to London, but London are also accepting submissions for the grading week in Munich, starts in the 10th May

I’m not that interested in screwing people for money, also with the amount he does (which is more or less a business) there is also tax implications which i’m Also not interested in getting into, especially here in Germany

Aye, he’s making a killing off everyone else’s coins, not just through the grading but also the before and after grading videos he does

Most modern will get 69-70 and proofs will mostly get UC cameos, because he has so many sheep grading with him is the reason there will be a high number of those designations. He doesn’t get special treatment and he charges more than it actually costs. For example, conservation actually costs $11, he charges $15, he also gets a discount on his membership which isn’t passed on, he gets around 15% off grading services but still charges everyone full amount

GEF starts around MS60 to MS62, AU58 is EF

I find that Ed VII series quite boring to be honest.

I thought you had to be earning £80k plus a year to get into the members club

2 were sold in the recent Baldwins auction of Edward VII collection, highest graded was MS64 and hammered at 12k i believe, although the auctioneer did say the seller bought it from them for 14k, so he lost some money on that

That was an era when everyman and his dog didn't think they were coin dealers. its become a minefield

he does it all the time

http://coinparade.co.uk/the-uk-50p-gold-proof-collection/

Another set? Will this be struck in kryptonite? They’ve already done a gold proof, silver proof and BU set, what more can they strike unless it’s different designs, at £3850 for the gold they were asking top end prices straight off the bat.

Just dropped off a few coins at their new offices, had a little chat with Marius, he's a guy that always takes my submissions, it seems they have a full-time banknote grader now and the plan is to eventually do coin grading on-site full time within 2 years, i asked him to keep me posted if any jobs come up in that direction 😏

Unfortunately some people need a baseball bat around the head before they realise that Unlimited means exactly that.........I shake my head at some of these clowns paying OTT prices for something that will probably still be available in 6 months from the RM, greed and stupidity at its best

There would be no need to queue for unlimited mintage coins. Let’s now see the ripple effect on the 2009 Kew, prices may drop from here

My apologies Michael, still playing around with intros and the likes......

Did a little video

Hold onto your hats, the RM are about to pump another 50p set, this time in BU, contained within will be a Kew but it will be dated 2019 like the gold set was that the released about a month back

Spink is still a price guide, not the definitive on what a price is. People still don't get that its the currency issue that was rare and not the proof. Even the RM played on the fact that there was a gold Kew in the recent gold 50p set, obeyers claiming the "rare gold kew" was in the set is pure spin. Its the unwitting that buy into this type of sheeeeeeet.

funnily enough the editor of coin news touches on the subject of modern day coins in a secondary market in his notes in this months issue IN THIS month’s magazine we include an interview with Richard Lobel of Coincraft. The interview was originally supposed to concentrate on Richard’s 60+ years in business, however, as is often the case with these things, the topic strayed a little onto to subject of the secondary market for new issues. Now there can be no doubt that the new issues boom is creating a new generation of collector, people who are onceagain searching through their pockets and purses to find the latest Beatrix Potter 50p or “Alphabet” 10p. There are hundreds, if not thousands of new collectors out there alleager to find the one Olympic coin they are missing or perhaps strike it rich with the Kew Gardens 50p or the dateless 20p. Our new book Spend it? Save it? which has sold over 10,000 copies through supermarkets and newsagents, is testament to just how popular thedecimal series is with the public. On the back of this, numerous marketing companies are now selling new issue thematic coins featuring a wide variety of subjects from flora andfauna through to politicians and Royal events; coin collecting is mainstream once again. Now this is all well and good as long as the people collecting these coins are enjoying themselves. If they are having fun forming a collection of new issues, or themed coins, or anything else then who are we to argue that they are wrong? We “traditional” collectors collect a huge array of things and Ipersonally don’t see the appeal of some of them, but others do and that’s OK. The trouble, however, starts when the peoplewho have collected these newer coins come to sell them as there simply isn’t the secondary market for new issues that there is for, say, Athenian owls or Gothic crowns, and, as many of them are base metal, they don’t have an intrinsic value either.Thus you may have someone who has spent thousands of pounds on a collection only to find when he comes to sell he is offered far less than he spent. Dealers then worry that because they are offering so “little” they will get a bad rap. And attimes the collector will indeed, unfairly, blame the dealer and the hobby in general and this, ultimately, could turn them away from collecting for good. Obviously dealers and auction houses can’t artificially create a secondary market—if they can’t sell a 1987 year set in 2019 they aren’t going to offer large sums for one, but that doesn’t stop some collectors from feeling put out. Should, perhaps, the companies that sell the coins in the first place buy them back? There is an argument that they can create, or at least sustain,a secondary market but then we have to ask: why should they? If I bought, say, an ornament, in John Lewis Ltd and in a couple of years’ time decided I didn’t want it any more, then going back to the shop and asking them to buy it back wouldbe pointless; and I certainly wouldn’t expect them to do it with an item that was made and marketed for a specific occasionthat has now passed. So what do I do? Well, my only option is to go to sell my ornament to someone who sells such things,but he recognises this piece is mass produced, was made for a specific occasion that has no relevance today and whilst it is still in great condition it isn’t the kind of thing that usually sells well secondhand. He therefore offers me far less for it than I paid—of course he does, and neither you nor I would expect anything different, so why people expect a different outcomewhen it comes to coins is a mystery. The fact is that standard new issue coins are a quality manufactured commodity just like ornaments, like jewellery, like watches, like anything you could buy in any high end department store. Certainly the precious metal strikes will always have an intrinsic metal worth and that worth may well increase as the price of thosemetals goes up, but ordinary BU coins should be looked at purely as fun things to collect and nothing more. The problem comes, of course, when people buy coins, or indeed anything, as an investment—we try to steer well clear of the “I” word in COIN NEWS and never recommend any collector buys with an eye to turning a profit. Sadly all too often people ignore our advice and hope that the item they are purchasing will make them some serious cash in the future. Sometimes it can happen, certain modern coins do indeed go up in value but we shouldn’t assume they will do so automatically and nor should we assume they will do so quickly. Think about watches, think about handbags, think about jewellery, all of these things command a premium when sold new and make less money when sold on the secondary market, yes, proper “vintage” items will then start going up in price but that takes a while and of course it is only ever certain models/versions that fetch the big bucks and sadly we never know what these will be until years down the line. Richard’s interview shines a light on his view of the secondary market; our view is that it is often the perception that coins are unlike any other item and thus should automatically make money regardless that is the potentially damaging thing. What’s your view? We’d be delighted to hear from you.