Well I managed to live to see the “Big One” by PCGS. Thankfully, all the excitement did not kill me. I must congratulate them on finding a way to make more grading fee money on coins already graded in a market of dwindling supply of fresh material. Look for NGC to quickly follow suit.
By Joseph Presti, Esq.
The old adage is true; you get what you pay for. Everyone likes a bargain but you have to ask yourself why would a coin that lists for $500 wholesale sell for $500, while similarly graded coins may sell in the same auction for 30% or 40% more? The answer is simple, all coins in the same grade are not created equal.
The show opened with a bang and stayed very steady. Baltimore is an excellent venue and always well attended but this show was more active than the last three. Most of the interest was in the gold area. We were fortunate to acquire a nice group of fresh original pieces.
Alas, the first show in a long time that our buyer came up empty handed. I know it seems unbelievable! We are only trying to place the most original nicest coin for the grade we can find. Our buyer looked at a lot of coins but they just didn’t meet our standards. We try to be this way so our clients can get the most value for their dollar.