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BiggAndyy

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Posts posted by BiggAndyy

  1. Slabbing = Marketing.

     

    Well, ok...

     

    Slabbing ~ Marketing.

     

    Whatever benefits the coin capsule sought to provide at it's introduction, the monster that it has become has far dwarfed the original intent. That is ok though. That is what free market is all about. And as long as collectors (and more importantly new collectors) keep that notion in mind they can purchase quality, genuine coins, for a reasonable price.

     

    The "High Grade" coin industry is not about collecting, it is about profit. And with zero means for regulating bodies like the ANA to enforce guidelines with respect to ethical and legal behaviour, the rare coin market remains bloodied and bruised not just to the hobbiest and hard core collector, but also to the general public on the outside looking in.

     

    Slabs sought to make sight unseen purchases comfortable and honest. In many aspects, it has done neither.

  2. So long as the Federal Reserve system is a privately owned, multinational corporation wholey seperate and distinct from the Federal Government, things like the American Liberty Currency project and all the others will not only be doomed to failure, but doomed to spectacular failure. They may briefly tread water on a local level, but will always always always fail in a private bank environment.

  3. From wikipedia:

     

    During the early 1970s the price of copper rose to a point where the penny almost contained one cent's worth of copper. This led the Mint to test alternate metals, including aluminum and bronze-clad steel. Aluminum was chosen, and over 1.5 million of these were struck and ready for public release before ultimately being rejected. About a dozen aluminum cents are believed to still be in the hands of collectors, although they are now considered illegal, and are subject to seizure by the Secret Service. One aluminum cent was donated to the Smithsonian Institution.

     

    The price of copper later returned to profitable levels, so that the Mint would not need to change the cent's composition until 1982.

  4. Probably PCGS and NGC did not want to touch it with a ten foot sonic welder. It does not have the glamour of the 33 Gaudens and may still be confiscated by the SS. I guess they thought it would have more downside than upside potential and with the Ohio Coin Fund scam still fresh in the mind of the public this would be an instance of "bad press".

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