Next Maccas Book

[Nevol]

My book arrived by mail today from Shane. :yahoo:

Glad it arrived safely. Thought it would have arrived before Xmas... Thought I express posted it.

No worries, it's here, that's what counts. Large padded envelope, regular post, $6.60 in stamps. :grin:

[Mister T]

Judging by the numbers of wide vs narrow that I used to find in circulation, the wide would only account for about 10% or less of the total minted, so logic would indicate the wide should be higher in price.

Thanks Nevol, I thought that was the case.

[wwwww]

You have to ignore pcgs sales as who can deprecate the coin value and the value of an American telling you what the grade of a coin is using a non australian standard.

Have you attended any recent major public auction? People don't pay based on the listed Australian standard grades, they pay based on what PCGS will grade them.

[Bigfellani5]

You have to ignore pcgs sales as who can deprecate the coin value and the value of an American telling you what the grade of a coin is using a non australian standard.

Have you attended any recent major public auction? People don't pay based on the listed Australian standard grades, they pay based on what PCGS will grade them.

That is right. You are paying a premium for an American telling you what the coin is graded at under the American system. Would be interesting to see if you could auction the same coin in the same auction both slabbed and I slabbed to see what the percentage premium.

[drakesterling]

You have to ignore pcgs sales as who can deprecate the coin value and the value of an American telling you what the grade of a coin is using a non australian standard.

Have you attended any recent major public auction? People don't pay based on the listed Australian standard grades, they pay based on what PCGS will grade them.

That is right. You are paying a premium for an American telling you what the coin is graded at under the American system. Would be interesting to see if you could auction the same coin in the same auction both slabbed and I slabbed to see what the percentage premium.

It is the global grading system, Bigfellani5, not just an American one. Getting high quality coins certified by NGC or PCGS maximises their resale value. Not sure why you're so dead against independent grading.

[trout]

That is right. You are paying a premium for an American telling you what the coin is graded at under the American system. Would be interesting to see if you could auction the same coin in the same auction both slabbed and I slabbed to see what the percentage premium.

I actually did this a while back using 2 coins with eBay as the auction format , 1 slabbed by PCGS and 1 raw.
The Raw coin in my opinion was a slightly better grade coin. The slabbed coin sold for a bit better than Blue sheet price, The raw coin was way under.
The results were surprising and a bit frightening.

The slabbed coin sold for more than 60% better than the raw coin.
It looks like If we want to sell our coins and get full market value for them we HAVE to get some yank to grade it for us dumb Aussies before we sell it.

I personally find that insulting and is the major reason for my distaste for Australian coins in US slabs.

The Major dealers and players have slowly introduced this "Alien" concept of slabbing and grading into the Australian coin scene and it looks like we are now "Stuck" with it due to the efforts of a minority that simply want to "Value add" to their coins at auction.

Regardless of what we the average collector thinks of this we are stuck with it and the prices of coins will escalate due to the perceived idea that higher quality coins are found ONLY in slabs and the TPG's will grow even fatter from the slabbing fees involved.

This whole idea of sending OUR coins over to the US to be graded is becoming a "Tax" on our coins due to the fees and shipping costs that are most certainly passed along to the eventual buyer.

Income tax, import tax, GST, Carbon tax  now we have "Coin Tax"
:dash1::dash1::dash1:

[Fr45h3R]

You have to ignore pcgs sales as who can deprecate the coin value and the value of an American telling you what the grade of a coin is using a non australian standard.

Have you attended any recent major public auction? People don't pay based on the listed Australian standard grades, they pay based on what PCGS will grade them.

That is right. You are paying a premium for an American telling you what the coin is graded at under the American system. Would be interesting to see if you could auction the same coin in the same auction both slabbed and I slabbed to see what the percentage premium.

I think what wwwww is saying, is that the prices realised at auction even for raw coins, are based on the guide price for the same coin if it had been slabbed, not its raw value.
I wouldn't expect this too much at an online auction like eBay, but where the coins can be viewed, you might see a few raw coins achieve higher than expected prices.

[wwwww]

I actually did this a while back using 2 coins with eBay as the auction format , 1 slabbed by PCGS and 1 raw.
The Raw coin in my opinion was a slightly better grade coin. The slabbed coin sold for a bit better than Blue sheet price, The raw coin was way under.
The results were surprising and a bit frightening.

The slabbed coin sold for more than 60% better than the raw coin.
It looks like If we want to sell our coins and get full market value for them we HAVE to get some yank to grade it for us dumb Aussies before we sell it.

If I recall correctly your photo of the coins was sub-par and you intentionally undergraded the raw coin. So in reality, the market has 60% more confidence in PCGS grades than your grades, because your photo wasn't good enough to grade from.

I posted up an example a while back of a 1926 florin, NGC slabbed UNC Details - harshly cleaned that realised about $150 in HA, the coin later appeared out of its slab in a major Australian auction graded Uncirculated with no mention of the cleaning and realised $1000 + commission. 660% more than the slabbed coin.

That is the type of premium problem, raw coins go for. Yes, if you have a good eye you can get quality coins cheaper raw but an overwhelming majority of raw coins would sell less slabbed simply because they wouldn't make the grades they're claimed to be at.

[Fr45h3R]

I actually did this a while back using 2 coins with eBay as the auction format , 1 slabbed by PCGS and 1 raw.
The Raw coin in my opinion was a slightly better grade coin. The slabbed coin sold for a bit better than Blue sheet price, The raw coin was way under.
The results were surprising and a bit frightening.

I thought the prices you got were about the same, especially if you factored in the cost to slab the coin.

[trout]

It is the global grading system

Dr William sheldon introduced this systen into the US coin community in 1949, It has been adapted and modified by US and Canadian TPG's since then.

In Australia the United Kingdom and most of Europe they have their own grading systems and these have worked (Quite nicely thank you) for quite some time now.
Just because the US and Canada have accepted this system of grading doesn’t make it a "global grading System" YET.
It makes it a North American grading system that is creeping into every corner of the world, mainly due to the efforts of the major TPG companies.
A bit like Coca Cola, tastes like crap but it can be found worldwide.

[ausjack]

So why don't we do it with coins?? We now have aussie people grade and slab our trading cards :scratch_one-s_head:

[trout]

I thought the prices you got were about the same, especially if you factored in the cost to slab the coin.

Yeah "Coin Tax" :dance2:

[wwwww]

It is the global grading system

Dr William sheldon introduced this systen into the US coin community in 1949, It has been adapted and modified by US and Canadian TPG's since then.

In Australia the United Kingdom and most of Europe they have their own grading systems and these have worked (Quite nicely thank you) for quite some time now.
Just because the US and Canada have accepted this system of grading doesn’t make it a "global grading System" YET.
It makes it a North American grading system that is creeping into every corner of the world, mainly due to the efforts of the major TPG companies.
A bit like Coca Cola, tastes like crap but it can be found worldwide.

That's like arguing the standard measurement system in the UK is the British Imperial system just because they invented it even though most British people use the metric system. PCGS IS the Australian standard because it is what most collectors use.

[ausjack]

Posted by wwwww - Today 01:45 PM
PCGS IS the Australian standard because it is what most collectors use.

I know this is a silly question but why?? I'm serious as I don't know much about slabs and never seen one except in post or ebay etc and it just seems a personal opinion as to what they use as some people say PCGS but then other say NGC ICG ANACS etc so it's all very confusing sorry

[trout]

PCGS IS the Australian standard because it is what most collectors use.

I will have to agree to disagree with you on this Walter.
The Adjectival grading system is STILL used in most cases by Australian "Collectors"

PCGS isn't a grading system it is a multinational grading Company that uses the Sheldon System.

This system has been adopted mainly by "Dealers" NOT "Collectors" in Australia and in MHO is being forced down our collective throats.

If it wasn’t so damned expensive it may have a chance but adding another $50 per coin is an awfully expensive way to change your grading habits.

That's like arguing the standard measurement system in the UK is the British Imperial system just because they invented it even though most British people use the metric system.
This is quite amusing because the US still uses an almost identical system still.  

It's all about Horses for Courses, Each to thier own opinions.