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 Replies: 18 / Views: 2,944 |
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Valued Member
 United States
245 Posts |
I guess if you know you PLAN to keep it in the slab, and sell it, it might make some sense to assign a partial value to it, since it will make it easier to sell?
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Pillar of the Community
United States
937 Posts |
To me it works like this
Coin in Y grade is trending at $X
Slab confirms coin is genuine
Sticker confirms slab
So coin in Y grade is worth $X if I like the coin.
Does the slab ad value?
In a way, yes.
For me it confirms value if it is an acceptable grading company I will have no fear in paying the trending price for said coin. When it gets home it will still get brokeen out of the slab though.
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Moderator
 United States
23522 Posts |
There are more coins out there than one might think which are only there to make up some dealer's minimum submission for bulk rate, or fill somebody's 8 free with a new membership.
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Pillar of the Community
United States
1659 Posts |
There's also a lot of reality checks out there in slabs. That coin someone bought in a flip off ebay as an "AU+!" comes back from the TPG as just VG. Edited by ArrowsAndRays
01/10/2015 4:16 pm
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Moderator
United States
23522 Posts |
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Pillar of the Community
United States
1629 Posts |
Sometimes these coins where part of someones registry set. In which case the value of the coin has less relevance than the grade of it.
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Pillar of the Community
United States
531 Posts |
There are lots of collectors that collect coins in different ways. Not everyone evaluates the profit potential first when having coins graded. Here is a pic of one collection I have been working on for several years. When the PCGS equivalent is completed the coins wil be part of an educational exhibit on grading standards and the evolution of those standards.  |
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Pillar of the Community
United States
7840 Posts |
That is pretty cool Penny Guy! Did you happen to check for any varieties on the "double pennies"?
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Pillar of the Community
United States
711 Posts |
Great collection Penny Guy. That display is a show stopper.
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Pillar of the Community
Canada
4944 Posts |
Quote:
There are lots of collectors that collect coins in different ways. Not everyone evaluates the profit potential first when having coins graded. Here is a pic of one collection I have been working on for several years. When the PCGS equivalent is completed the coins wil be part of an educational exhibit on grading standards and the evolution of those standards.
Excellent set, I would love to see some larger images of each separate coin. |
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Pillar of the Community
United States
531 Posts |
Thanks to all for your comments. First, there are literally hundreds of varieties in the 1864 year alone on Two Cent Pieces. I have not researched each coin to assign Flynn numbers. Take a close look at the VG-8 coin, the label says that it is a small motto, but the coin is the large motto. Simply a mechanical error. But as part of this set it illustrates the point of not believing what the label says. I have had a number of knowledgable collectors suggest that the XF-40 and the XF-45 coins should be switched, again believing what the slab label says just isn't enough. All in all it should make for an interesting exhit if I ever get it done |
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Moderator
United States
23522 Posts |
Well, now we know where to find all the 2C's that nohope587 doesn't already own.
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Pillar of the Community
United States
531 Posts |
LOL, I do have a few. Here is my primary set. Won Best of Show at a MSNS convention with them.  |
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Valued Member
United States
373 Posts |
Penny Guy's two-cent pieces are fantastic, and the presentation is great! Thanks for giving me my daily dose of eye candy! On the original topic, I believe that large dealers - and telemarketers - get special deals from the TPGs that can make it worthwhile for them to get rather low value coins graded, especially moderns. First of all, some fraction of the submission will grade MS70 or PF70, more than making up for the wasted fees for the rest of the submission. Also, there are collectors who are willing to shell out a premium for even the most common coins to complete a collection. One can easily find PCGS and NGC slabbed moderns, especially proofs, on ebay for less than $5. |
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Moderator
United States
56855 Posts |
My thought on low/mid grade slabbed coins is people submit a coin hoping it gets a higher grade then it did. John1  |
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Posted 01/10/2015 2:57 pm
