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Longstrider's Blog

03 Feb 2015

A Little Rant By Me

Coins | Longstrider

Everyone brace yourself as I go on a little rant here. Is it just me or have the third party coin graders like NGC and PCGS gone TOO far on their labels? It seems all it takes is money to get your own private label. Now I'm all for making a buck but I feel this is cheapening our hobby. It just looks bad. I'm not talking about labels that link the coin to giants in our hobby like Eric P. Newman or Col. Green. I'm talking about "private" labels.I admit, I have bought coins with a label I like but I bought it for the coin. The label was just a nice extra. The list of different labels just for the Silver American Eagle is crazy. I'm going to stop here. Just a small rant. and I'm not picking on that Pawn Shop Show. It's just a good example. Maybe I'm just getting old.

Comments

numi613

Level 4

Yeah, they are going a bit overboard, and to echo others I'll say it again "Buy the coin, not the holder."

CMCC

Level 5

Coin Collecting should be Coin Collecting, not trying to have the fanciest label on their coins.

user_6683

Level 4

I agree completely.

Kepi

Level 6

" Buy the coin, not the holder", unless it's in the rare " PCGS Green Regency Holder". : )

BossX

Level 5

You also are paying a lot more for a dinky label! On amazon, people were selling graded baseball hall of fame coins autographed by players for about $300 for the silver dollar.

Isaiah1801

Level 4

Nice.

CMCC

Level 5

I don't like the labels either. In fact, I don't even have a single certified coin, and I turned one down on eBay because I thought the tag was over the top; and that was before I read this blog!

Mr. Wheatie

Level 5

I don't like all the label stuff either. It's just plain dumb if you ask me. I also believe it looks very bad for our hobby. I refuse to pay extra for a coin because it was an "early release", or "first day" or even from the "newman collection". It's nice for those who like to show the "pedigree"..... But all in all its the coin your buying, not the label! Why on God's good green (or brown) earth would you pay extra for a label? It's ridiculous!

I appreciate what you are saying, but if it brings people into the hobby, I can live with it.

Kepi

Level 6

That's a legitimate rant! I have to agree, the label issue has gotten out of hand. Remember " Buy the coin, not the holder".

BossX

Level 5

YES!!!!!!!!!!

jojopumpkin

Level 3

I think everyone feels the same way a little bit, but its the big corporations control the market and its the big corporations that make these new labels. nothing we can do but play by their rules other wise fall behind.

Longstrider

Level 6

In the words of my youth "Fight the Machine Man!".

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