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Pillar of the Community
 United States
2448 Posts |
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Let's just keep this "open ended," for now. Just, what do you think? Thanks Quote:
Another way of asking that, perhaps, is, what's one appreciating in a coin, if one doesn't know how to grade it? There must be something. What is it? "eddiespin": Sorry, I haven't checked back in on this thread sooner. I don't quite understand what you're looking for...an argument, agreement, consensual collaboration? You asked for opinions. Everyone collects for many reasons: some investments, some historical, and some for the sheer love of owning a piece of "shinny" pocket art. Not all wish to delve into the specifics of grading if someone else can guarantee that for them. I wish I had a dime for every time a friend asked me to buy on for him if I found another. Sorry if you misinterpreted my initial response, some will allow others to grade coins for them. Coin dealers make good money puting together collections for people. |
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Pillar of the Community
United States
3592 Posts |
justcarl pretty much summed it up for me..and I think slabs are the "lazy way" to collecting.
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Pillar of the Community
United States
594 Posts |
I have not and do not plan on buying any TPG coins. The only value I see in them is the coin being determined real or not. I only have 1 coin I probably will get slabbed at some point, but not until I go to sell it. It's a Thomas Jefferson Presidential dollar without any of the edge lettering. It weighs right and measures right, and I found it roll searching, so I BELIEVE it's real. I'll probably will have it slabbed, because I have not seen another one like it on ebay or anywhere else. I wonder if you can have a coin just authenticated and not graded. I've always thought that grading is just someones opinion. Well I already have one of those. Although I do tend to not grade my higher end coins, at least not until I get better at it. So to answer the original question, the value to me is in the authentication of the coin and not the grade. Edited by KenRingold
03/15/2011 09:47 am
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Pillar of the Community
United States
1081 Posts |
Many of you have said that a TPG slabbed coin is worthless. I do get that it is just a third party opinion and I agree that many people are slab happy. However, I think generally speaking that there is a value to the slab and grade itself whether you think it's valid or not. I've sold both raw and slabbed coins and not only were the slabbed coins easier to sell, but they brought in much more money. I spend a fair amount of time on ebay, which to me, is one of the better ways to judge the actual value of a coin. I've followed certain types of coins that I want to purchase, but wait for the right one to come up. For example, I purchased a raw 1869/9 S-3 IHC I grade as G-6, I bought it for $111. Following that, several slabbed exampled came up, graded as G-6 and they sold for about $180. The only material difference between my coin and the ones that brought in more money was the slab and TPG grade and attribution. I've seen the same phenomenon with other coins too. I think TPGs can be useful and I do believe they increase the value, or at least marketability of a coin. There are exceptions, such as buying from an expert on the coin you are interested, i.e. Rick Snow, I would trust their grade of a raw coin then a TPG and I think any coin sold and graded by Rick Snow would also bring a premium. Overall, I think whether you like it or not, it's really hard to argue a slab isn't worth something. |
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Pillar of the Community
 United States
1547 Posts |
Carmykle, there are no right or wrong answers, here. I'm just trying to understand. Permit me to understand. Let me put it this way on the theory an analogy might better explain what I was driving at. I probably couldn't tell a $10 bottle of wine from a $100 bottle, or, much less, I'm sure, a $100 bottle from a $1000 bottle. My palate simply isn't that "sophisticated," let's just call it. Were I to collect wines, however, I believe it'd be a reasonable question to ponder, "What am I doing that for?" If I don't know how to appreciate the difference between a $10 bottle of wine, a $100 bottle, and a $1000 bottle, what satisfaction am I getting out of collecting wines? OK, I'm collecting them for investment purposes--that's an answer. I'm a wine investor. No problem.  |
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Pillar of the Community
United States
4000 Posts |
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Scooby Due, .... What did I say?  Quote:
"shinny" pocket art What's a shinny? I see that used a lot here. |
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Pillar of the Community
United States
1126 Posts |
I wonder what a slab would look like that would hold a bottle of 2000 Lafleur  Just Kidding Edited by stewart
03/15/2011 11:18 am
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Pillar of the Community
United States
2448 Posts |
Oooopppps,  I must have a nervous right index finger and probally hit the "n" key twice. Funny, spell check didn't catch that and "Ima no typeada angash Language real goot." I took English as a second language all through High School and College. All my teachers called me a triple threat grammarian and I still don't know what that means.  Ooooppps again, I almost forgot to agree with eddiespin. If we distill out all the rhetoric, it's the same reason a "Gordon Gecko" would by a Rembrandt from a Sothebys (sp); not that he doesn't really appreciate the art, but because he can without having to do all the work to find and authenticate the piece. Edited by carmykle
03/15/2011 12:44 pm
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Valued Member
United States
134 Posts |
Interesting points. I have considered sending in a gold coin for while now but dont have plans to sell but still being non experienced in coin grading would like to know what they would grade it at
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Pillar of the Community
United States
1081 Posts |
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Interesting points. I have considered sending in a gold coin for while now but dont have plans to sell but still being non experienced in coin grading would like to know what they would grade it at I also enjoy sending coins that are worth it to get graded and slabbed because I can compare my grading skills to those with more expertise. I have had disagreements with what some TPGs have graded a coin as, but also fully agree with others. To me, that makes it educational as well. |
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Valued Member
United States
134 Posts |
I just can't decide which company to send to lol
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Pillar of the Community
United States
1547 Posts |
Quote:
If we distill out all the rhetoric, it's the same reason a "Gordon Gecko" would by a Rembrandt from a Sothebys (sp); not that he doesn't really appreciate the art, but because he can without having to do all the work to find and authenticate the piece. I was wondering what happened to this thread. I guess I had it in the wrong forum. Anyway, I just want to say, a guy like that can be said to "appreciate" art, sure. But, let's face it, so can any ignoramus. I guess what I'm trying to get at is, one's ability to appreciate something is directly correlated with one's level of knowledge in relationship to the thing, isn't that right? At a crude or base level of knowledge, sure, anybody can be said to appreciate anything, I totally agree with that. |
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Valued Member
United States
149 Posts |
I'm preety much on the same page as Carl-I think there is way too much emphasis on the slab-can it "enhance" the coin-obviously the marketplace thinks so-especially PCGS in general-if you're going to sell your coins online-I think it makes some sense especially if the value is 500 or more. I haven't sent any of my coins in to TPG's yet- I might with some of the keys, especially the 09s-vdb,14-d Lincoln, and 16-d Merc since they are some of the most common ones altered/counterfeited. As an aside, I wouldn't buy any of those keys online if it wasn't from a reputable dealer, with a ironclad return policy, at any price. |
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Pillar of the Community
United States
2448 Posts |
Quote:
At a crude or base level of knowledge, sure, anybody can be said to appreciate anything, I totally agree with that.
...And usually those are the happiest people. It's normally the experts that grumble and complain about everything little detail. To each his own. |
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Pillar of the Community
United States
1547 Posts |
Quote:
...And usually those are the happiest people. It's normally the experts that grumble and complain about everything little detail.
To each his own. Another way to put it, ignorance is bliss. |
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Posted 03/15/2011 08:14 am
