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Pillar of the Community
Canada
1733 Posts |
I don't get coins graded until I am looking to sell at the last moment. That way I can choose who and why in order to best suit the venue I'm using. In the meantime I don't like slabbed coins in my own collection.
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Valued Member
United States
309 Posts |
I think if you are really good at grading yourself and you can determine very closely what a TPG is going to grade a coin then your investment will obviously be best at buying ungraded and then having them grading. I'm not that great at the grading. I am more partial to a coin looking nice and am willing to pay a little more for a coin that looks great but has a flaw, you know? With this being said I buy coins from both perspectives...coins that are graded that I get a good price on and unslabbed coins that are going into albums and look the best when placed there. |
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Rest in Peace
United States
9104 Posts |
Slobbed coins decline in price faster. Why?
1) If you have a MS66, three known, none higher, and they have three more graded later, your coin is now twice as common as it was.
2) Even if no new coins are discovered, the same thing happens when 65s are cracked out and regraded as 66.
3) As more 65s are regraded as 66s, the buy price for 66s is lowered to reflect the fact that some coins are nothing but 65 coins, 66 plastic.
4) There are no grading standards. Some classic cases have seen coins regraded 20 points higher over the years. This is why sellers and buyers make note of the labels in the holder, or old style vs new holders, etc. Get a coin slobbed now, and it may have no comparison to the fantasy grades used when you're ready to sell.
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Pillar of the Community
United States
1348 Posts |
I only grade a coin to get its authenticity. My 1799 silver dollar for example. I simple wanted to have that BOOM factor for anyone who would raise the question, "is it real" Grading a coin costs so much now a days you sometime might be better off paying the premium. If you were to buy a raw IHC for $100 and the graded coin in the same condition was for $130 I would pay the premium. |
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Bedrock of the Community
United States
20753 Posts |
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I now realize that my children really have no interest in my collection so at some point I will probably will liquidate. Keeping in mind that I view coin collecting as a hobby, not an investment, I would still like to get the best ROI when I do sell.
One more thing to consider. Are your kids old enough to start a family of their own? Do you think you will someday have grandkids? Rather than liquidation, you might want to consider passing it all on to grandkids as a family item. Also, your own kids may change their minds as they too get older. |
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Pillar of the Community
 United States
716 Posts |
Just Carl, I agree with what you said and I guess there is always hope. I am going to hold onto my collection as long as possible. If I do sell it will be with great sadness and with my dying breath.
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Moderator
 United States
188770 Posts |
Quote:
One more thing to consider. Are your kids old enough to start a family of their own? Do you think you will someday have grandkids? Rather than liquidation, you might want to consider passing it all on to grandkids as a family item. Also, your own kids may change their minds as they too get older. I agree. |
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Pillar of the Community
United States
3184 Posts |
for coins that are worth a certain amount like lets say $100+ I would want graded. Too many chinese fakes.
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Bedrock of the Community
Australia
21788 Posts |
Slabbed coins are nowhere as big a thing in Australia. I can't fit the slabs into my collection wery well!
In my case, I buy raw coins. If I think the price is too high for the grade, I won't buy. That makes my grading estimate for every coin I buy part of the purchase decision.
As a result, when I am buying, I naturally tend to under grade for my purposes when I am negotiating a purchase. The general result is that overall, for your collection, you tend get good value for money, if you are a good negotiator.
So far as investment is concerned, if your collection has been good value for money at the time of purchase, it should also bring worthwhile prices at the time of disposal.
As a bonus, you save on grading fees. Incidentally, there is a very professional grading service in Australia, and it is hard to get the grade you think your coin deserves with this service. I have yet to see an MS65 issued from this service on anything except freshly issued Mint products.
Edited by sel_69l
06/11/2011 09:04 am
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Pillar of the Community
United States
931 Posts |
If your kids knew how much they mean to you they may become a treasured family heirloom someday. You're lucky. Most kids these days would be hounding you to sell them and give them the money, or at least be constantly asking you how much they're worth.
Edited by junior e
06/11/2011 4:10 pm
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Pillar of the Community
United States
500 Posts |
I'm also a bit on the fence on this subject. My current thoughts are that if I am going to pay something substantial for a coin I want the "insurance"/protection that buying a PCGS/NGC coin brings, not only in authenticity but in sell-ability if I choose to do that at any time. That probably means I won't get a lot of "bargains" but also means I am less inclined to be burned badly either - which is a real worry of mine not being very good at grading or cherry-picking in this hobby as a newbie.
If a vet, with a "trained eye" for value, I'd probably be more inclined to stick to "raw" coins and get them graded when selling or some "special" on bulk grading could be had.
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Pillar of the Community
United States
3184 Posts |
If I'm buying a expensive collector coin, I want graded for the peace of mind because there are many fakes being made by the chinese
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Bedrock of the Community
United States
20753 Posts |
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Slobbed coins decline in price faster. Why? Because no one wants a SLOBBED COIN.   Had to do that to you. Quote:
If your kids knew how much they mean to you they may become a treasured family heirloom someday. Sort of what I'm hoping for. My son and his wife have little to no interest in coins. However, if you think back at how many times in your life you changed your ideas, thoughts, hobbies, etc., the same may happen to our kids, grandkids, other relatives. Sure would be a shame if in a hundred years a distant relative would be saying, I COULD have had those but my (xxxx) dumped them all. |
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Pillar of the Community
United States
1348 Posts |
Quote:
If your kids knew how much they mean to you they may become a treasured family heirloom someday. You're lucky. Most kids these days would be hounding you to sell them and give them the money, or at least be constantly asking you how much they're worth. I was the same way when I was in my teens (25 now) My dad had a very very old muzzle loader with incredible details. I would always ask how much its worth and why not sell it. My parents also own prime acreage around our small town and I would always say "Just sell and acre." Well now that I have become almost obsessed with investing and the future, I have realized that if my parents die and will the land and other prized merchandise to my brother, sister and I. I will try to buy it all from them and hold onto it for the sole reason that its been a part of our family for around 100 years (grandfather owned) and I would want to continue it being our family heirlooms |
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Pillar of the Community
Canada
902 Posts |
Raw coins. I have bought some slabbed coins only because the price was right. Now I can't get myself to bust em out for my albums.
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Replies: 17 / Views: 8,300 |
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Posted 06/08/2011 11:32 pm
