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Replies: 17 / Views: 708 |
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Pillar of the Community
United Kingdom
2145 Posts |
tdziemia's suggestion is a good idea.
I would never buy a slabbed ancient coin - one needs to be able to see the edge.
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Pillar of the Community
 United States
993 Posts |
Quote: I would never buy a slabbed ancient coin - one needs to be able to see the edge. I wouldn't buy a slab either; or I would crack it open as soon as I got it...but the people at NGC are very capable and would notice an edge seam.
Edited by Victor 09/27/2026 9:59 pm
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Pillar of the Community
United States
2361 Posts |
I only have one slabbed ancient coin. I prefer my ancient coins raw so I can hold them. New ancient coin collectors might prefer graded coins to avoid fakes but they should buy from experienced honest dealers anyway.
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Moderator
 Australia
17014 Posts |
There aren't really any TPGs in Britain at all; certainly none that are competent or recognized in slabbing ancients.
Of the two American companies, NGC is currently the leader in ancients; PCGS is still ambiguous in it's timetable for ancients grading, so if you've got your heart set on slabbification of ancients, then NGC is the only boat.
The question then becomes, "does being slabbed actually help?", in terms of selling an ancient coin online in Britain. Your small sample size does seem to indicate that yes, it does help, so there's that. On the negative side is of course the time, money, and hassle of shipping the coins off to America and waiting who knows how many months for the slabbed coins to be sent back to you.
I would say that if your time and/or the money is important and significant (i.e. you need the money from the sale for specific and immediate reasons) then slabbing isn't worth the time and initial expense. But if you can afford to wait, then why not? It seems to be the more profitable end-result.
I should note that I personally am saying this while in the "wouldn't buy a slabbed ancient" camp, except perhaps to own one NGC ancients slab just for the sake of the slab, rather than the coin (I own about a dozen slabbed coins, but they really form my "slab collection" and not part of my "coin collection"). If I did buy an ancient coin I really wanted and it happened to be slabbed, I too would probably crack it out; for me, being "in a slab" would actually add a slight negative value, as I would need to go to the trouble of carefully cracking it.
Which really tells me that there are actually two markets for "slabbed ancient coins" and "unslabbed ancient coins", quite distinctly separate with very little overlap; most collectors of ancients will either want them all slabbed (a minority) or none of them slabbed (the majority). So while the slabbed ancient market might be smaller (and mainly US-based), that market is prepared to pay higher prices for the same coins.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Moderator
 Australia
17014 Posts |
A final factor you may wish to consider: there are certain kinds of ancient coins that are prohibited from importation into the US, by memoranda of understanding that US Customs has signed with the source countries of those coins. And you mailing coins off to a TPG in America would count as "importation", even if the intent is for the coins to be exported right back out again in short order. Greece, Italy, Bulgaria and Cyprus are noteworthy countries on that list. So there is a small but non-zero chance that your coins could simply be seized by US Customs and "repatriated" back to their country of origin.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
 United Kingdom
1601 Posts |
A few interesting answers and some facts from Sap that I had not considered. It seems collectors of Roman, on here anyway, would prefer them to be out of the slabs so that's a big consideration to take on board. Yes I have researched the prices, obviously that was a must do. I am now thinking leave the Roman coins free but the other early coins I have I think I might get graded etc., but I don't think I would risk posting to the US with the customs problem I would be facing. Time is thankfully not a problem for me so I don't mind the wait to have coins returned. Thank you all for the helpful comments, I will let you know what I decide and will post here. Met.
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Pillar of the Community
 United States
8065 Posts |
Quote:A final factor you may wish to consider: there are certain kinds of ancient coins that are prohibited from importation into the US, by memoranda of understanding that US Customs has signed with the source countries of those coins. And you mailing coins off to a TPG in America would count as "importation", even if the intent is for the coins to be exported right back out again in short order. Greece, Italy, Bulgaria and Cyprus are noteworthy countries on that list. So there is a small but non-zero chance that your coins could simply be seized by US Customs and "repatriated" back to their country of origin. As usual, you've thought of angles to an issue that most of us would never have considered. Though I suspect the TPGs must have some kind of exemption/workaround on that issue. Slabbing increasingly feels like a plague for which there is no foreseeable vaccination. I sat through part of an online Polish auction yesterday morning watching some slabbed coins go for what must have been record prices for the type. Which I chalk up to a combination of higher grades (NGC grades on medieval/early modern are invariably higher than grades the premier Polish auction houses give) and the confidence factor. I don't know if this is a factor in ancients because I don;t collect them. I was fortunate to land a couple of unslabbed medievals at prices I could afford.
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Pillar of the Community
 United Kingdom
1601 Posts |
Quote: Slabbing increasingly feels like a plague for which there is no foreseeable vaccination I totally agree with that statement, I personally like to handle my ancient coins and probably wouldn't buy anything in a slab. The only reason I am considering having some slabbed and graded is purely to maximise profit on the ones I am selling. A few of the things mentioned by the people here I had not even considered and I am glad I asked for advice. I have been looking at the cost and am a bit unsure if it would be worth it or not. As well as the subscription fee, you have the fee per coin and also CCG charge extra per coin for a description. 
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Pillar of the Community
United Kingdom
2145 Posts |
Quote: ...but the people at NGC are very capable and would notice an edge seam. An edge seam is not the only red flag. I've seen "Roman" coins where the edge gives the game away, with a machine made "split" in the flan, or too clean edges. I hope NGC would notice those too, but there's no way of knowing that, is there? There were some slabbed ancient Greek coins in an auction here about a year ago. It wasn't a TPG that I've heard of, but they may be legit. The edge looked too perfect. Had they been very cheap for the type, I might have taken the risk and bought them, but they fetched more than market price.
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Pillar of the Community
United Kingdom
2940 Posts |
I collect ancients - on and off - and would also never buy a slabbed coin. From speaking to other collectors I know that a good percentage of them like to "touch" history and having them enclosed in plastic really defeats that purpose. That said I can see a use for having the very high end coins slabbed - 4 figure value coins and upwards is not a pond I swim in, but that might justify the cost. Gold for example is quite soft and slabs - for all their issues - do provide some protection from more wear and tear. Their use also means that the total object is a bit bigger and less likely to be lost behind the sofa etc. ( I speak from experience here unfortunately) . Ancients are a bit different than milled coins. My overall impression is TPG offers an opinion in how much a coin varies from what the ideal is. Milled coins can be put up against a perfect example and then compared and assessed accordingly to make that coin into a commodity that can be traded "better". That doesn't really work as well with ancients where is there is rarely a perfect example to compare against - and desirability has to account for much more than just condition. My ancients collecting tends towards the Roman Provincial where known examples of a coin might be in the single digits so there's much more of a feel for what a coin might be worth than any formula (grading) that could be ascribed. Again, a purely personal opinion, is that I like to keep my ancients in cabinets and slabs just don't work with that system. I'm sure all these arguments pro and against have been voiced many times - and perhaps things have moved on in the past few years - but I think that unless the coins are particularly valuable - slabbing just isn't worth it..
Edited by Bacchus2 09/30/2026 10:04 am
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Moderator
 United States
196946 Posts |
Quote: I think that unless the coins are particularly valuable - slabbing just isn't worth it.. I believe this is accurate, no matter if the coin is ancient or modern.
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New Member
United States
30 Posts |
There are many, many unknowledgeable customers who probably need the certainty provided by certification. Look at ebay's new policy that all coins over $500 have to go through authentication at PCGS before going to the customer, even certified coins. At least if you get NGC, ICG or Anacs to certify the coin you probably won't lose any potential customers and may get more money in the transaction.
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Pillar of the Community
United States
551 Posts |
Many here have said they won't buy slabbed coins. I am in their camp, except when a slabbed coin I want turns out to go for less than it might have unslabbed. I bought a first-century sestertius with two previous pedigrees with much higher PRs simply because NGC gave the surface a "1" for light smoothing which is completely typical of the type (and mentioned by the previous auction firms).
I bought a rare tetrarchal argenteus for the cost of very common one, I think because the slab mentioned "scratches", but they are super minor and hard to find even with the coin in hand.
The lesson is, if a coin has any flaws, don't try to sell it with a slab that notes the problem.
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Moderator
 United States
196946 Posts |
Quote: except when a slabbed coin I want turns out to go for less than it might have unslabbed. And it is easy to get that slab out of your way.  Quote: The lesson is, if a coin has any flaws, don't try to sell it with a slab that notes the problem. 
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Pillar of the Community
Portugal
741 Posts |
Buying cheaper because the slabbers imagined a heinous defect: I love when that happens  took advantage of it once also.
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