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To Slab Or Not To Slab?

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SaintRidley's Avatar
United States
592 Posts
 Posted 05/02/2012  11:44 am  Show Profile   Bookmark this reply Add SaintRidley to your friends list Get a Link to this Reply
Eventually I will have to bite the bullet and get one of my coins slabbed. I just don't have the money to do it, or the trust in the postal service to ship it, so I have to hope that eventually a show with on-site grading happens near enough to me that I can actually go and get it done.

Stupid Cheerios dollar. Why do you have to be valuable?
Previously Ousted
Canada
398 Posts
 Posted 05/02/2012  2:47 pm  Show Profile   Bookmark this reply Add coingirl to your friends list Get a Link to this Reply
Postmaster told me it can be done. She even called someone "who knowes for sure"
But will ask again and get some more info
Valued Member
54dollarcoin's Avatar
Canada
475 Posts
 Posted 05/03/2012  01:16 am  Show Profile   Bookmark this reply Add 54dollarcoin to your friends list Get a Link to this Reply
Section 12 1 2 covers it apparently. It appears that gold and banknotes are NOT covered and coins are insurable up to $500 in Canada. We self insure for the most part as I am sure that trying to collect from CP would be ugly. That said never lost a coin in the mail over the last 30 plus years. Have had a few DB's on ebay say that they never got the item but I digress.
Valued Member
KoolKat's Avatar
Canada
210 Posts
 Posted 06/12/2013  11:35 pm  Show Profile   Bookmark this reply Add KoolKat to your friends list Get a Link to this Reply
Ok, I'm convinced. So , let use one of my shan-lungs as an example! circa pre- 1795 I get the coin insured, then , pay for high priority postage with tracking extra, then get it slabbed. what would the value difference be for this coin? Would it be worth it to me ? thanks.
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qbvbsite's Avatar
Canada
849 Posts
 Posted 06/13/2013  12:18 pm  Show Profile   Bookmark this reply Add qbvbsite to your friends list Get a Link to this Reply
I don't own any slabbed coins but when I buying Canadian small cents anything pre 1953 online, I purchase them in ICCS flips. I like the fact that I know what the coin is worth when purchasing it online vs trying to figure out the grade my self with images that are mostly fuzzy. I would rather go to a coin show but there really isn't any that are less then 4 hours away :(.
Pillar of the Community
Canada
632 Posts
 Posted 06/13/2013  8:42 pm  Show Profile   Bookmark this reply Add t_y to your friends list Get a Link to this Reply
Slowly I am slabbing my coins. I have a few reasons for it.

1. Will be easier for my kids, who don't care about coins, to research and realize a fair price for them.
2. I am learning a lot as a result of the whole procees
3. I collect a niche with very little coins. Putting my coins on a competitive registry set adds fun otherwise I have very little to do
4. Slab bed coins are safer
5. It is easier to insure certified coins
Pillar of the Community
eddio's Avatar
Canada
1330 Posts
 Posted 06/13/2013  9:15 pm  Show Profile   Bookmark this reply Add eddio to your friends list Get a Link to this Reply
its useless slabbing unless its over 10.000............
Valued Member
RogerD's Avatar
Canada
491 Posts
 Posted 06/14/2013  02:45 am  Show Profile   Bookmark this reply Add RogerD to your friends list Get a Link to this Reply
Slabbing can ensure counterfeits are removed from circulation, $10k+ coins aren't the only ones that have been reproduced.

To date I have 3 slabbed, ICCS I do not consider slabbed, but have maybe another 20 or so of those and the rest are raw.

There isn't anything wrong with raw coins, slabbing has its benefits especially with unfamiliar coins. IF you want to play with your slabbed coin you can always crack it. I've spent more money on drinking than what it would cost to rid myself of a plastic cover, what"s another couple of bucks down the crapper?

Valued Member
GaryN's Avatar
Canada
293 Posts
 Posted 06/15/2013  5:14 pm  Show Profile   Bookmark this reply Add GaryN to your friends list Get a Link to this Reply
Because I have no idea if anyone is counterfeiting the graded coins, I personally have rely on weights and measurements. If I can hold the coin, weight it, measure it, and it's all good, then I can buy with full confidence. Non-slabbed for me.
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 06/15/2013  5:43 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
Interesting thread. Here in the UK, slabbing .. er, sorry Third Party Grading (and encapsulation) hasn't really caught on yet and it's rather viewed as a US phenomenon.

We have one UK based TPGS, but compared to US companies their output is minimal. However they are very strict and don't make the mistakes some US companies do with UK coins.

I can see the point with some coins. You don't want sticky fingerprints on your proof coins, now do you? Nor on BU copper. And as there are much better copies of some coins coming West, there are some coins I'd like reassurance about were I to buy. Finally, it makes selling on ebay US perhaps a little easier.

But for what I collect .. I use an Olde Fashioned mahogany coin cabinet, just like they do in museums and at the major UK coin dealers. My coins have been passed around for the last 300+ years and someone breathing on them isn't going to make a jot of difference! Plus, like neumistman, I like to handle and inspect them. Something that you just can't do once they are entombed.

Some of mine in a drawer from the cabinet:

To-Slab-Or-Not-To-Slab?
Valued Member
Canada
496 Posts
 Posted 06/16/2013  6:21 pm  Show Profile   Bookmark this reply Add billfrak to your friends list Get a Link to this Reply
I will sometimes remove coins I buy from 3rd party holders, just to hold them and put them in my own 2x2s
Pillar of the Community
Canada
867 Posts
 Posted 06/16/2013  6:55 pm  Show Profile   Bookmark this reply Add tripoli to your friends list Get a Link to this Reply
I will sometimes remove coins I buy from 3rd party holders, just to hold them and put them in my own 2x2s

nothing better like a metal staple to keep next to your coins
Valued Member
KoolKat's Avatar
Canada
210 Posts
 Posted 09/30/2013  12:32 am  Show Profile   Bookmark this reply Add KoolKat to your friends list Get a Link to this Reply
First, thanks everyone for the input. After reading everything here, I'm still not convinced on slabbing , but its understood, now that its not a black and white issue. For example, I recently found with my metal detector, a 1925 Canadian five cent, but the real issue is the toning on the coin. After taking that out of the ground, the nickel begins to tone darker , but the toning on my coin is nice , and I would not like to see it all turn black one day!! SO.... I will be sending it off. there are exceptions to slab or not to slab.

To-Slab-Or-Not-To-Slab?
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pocket change 50's Avatar
Canada
1751 Posts
 Posted 09/30/2013  01:12 am  Show Profile   Bookmark this reply Add pocket change 50 to your friends list Get a Link to this Reply
What a striking looking nickel and a key date too boot! Nice find, you must be very proud of this beauty! I have never seen such a beautiful nickel before. I can't stop drooling!
Valued Member
KoolKat's Avatar
Canada
210 Posts
 Posted 10/01/2013  09:14 am  Show Profile   Bookmark this reply Add KoolKat to your friends list Get a Link to this Reply
Its crazy time,I can`t either! totally mesmerizing coin...
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