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Condition Coin Slabs

 
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Author Previous TopicReplies: 1 / Views: 254Next Topic  
Valued Member
Russian Federation
92 Posts
 Posted 06/02/2020  06:21 am Show Profile   Bookmark this topic Add Slerk to your friends list Get a Link to this Message
I am concerned about the question why many American coins have a low grade in slabs. Most world coins cost nothing if their condition is lower than MS.
People would not spend money on coin value if they were sure it was just a waste of money. On eBay, there are a lot of good coins with grades of FA2, AG3, G4-6 and so on. So this action has economic benefits. Understand me, I live in Russia and I see that Russian coins even of tsarist Russia are not interesting to people if their rating is lower than MS60 with the rarest exception.
Bedrock of the Community
Australia
17060 Posts
 Posted 06/02/2020  08:08 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
It is justified to have a coin slabbed if it has a value of over $100, even if it has a very low grade.
The advantage that a slabbed coin has is it's third parry grading, and so a a buy / sell price can be more easily agreed on via eBay, where the seller and buyer may never meet.

There is a tendency for British and European collectors to ignore coins below MS-60, unless they are very scarce or rare.

Americans are very sensitive about any high condition coin, even if common, in the range of MS-60 to MS-70, and so very often prefer Third Party Graded slabbed coins. The price range, even for common coins, in the range MS-60 to MS-70, can be huge, and thus Third Party Graded slabbed coins are often preferred.

There are still the 'old school' collectors around that simply collect any coin preferably unslabbed, provided the buying price is right, and is the best strategy for ancient and hammered coins.
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