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Pricing Slabbed Details Coins

 
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Author Previous TopicReplies: 14 / Views: 385Next Topic  
Pillar of the Community
United States
8858 Posts
 Posted 06/29/2020  09:57 am Show Profile   Bookmark this topic Add panzaldi to your friends list Get a Link to this Message
whats you thoughts on pricing slabbed coins that come back with a details designation? I find pricing these coins the most difficult to price correctly

are you using a certain percentage of retail? would you use a higher percentage for key coins? are you basing it on the overall coin and if the designation was over zealous or based on how you feel about the coin. for instance, what if you have a key coin with a light scratch thats barely noticeable, do you deduct 30%, 50% or more?

also, do you avoid detailed coins all together or would you consider them if you need one and cant find a straight grade in your price range or do you settle for a lower straight grade?
Pillar of the Community
United States
7098 Posts
 Posted 06/29/2020  10:46 am  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Short answer and long answer are the same. It depends on the coin. Some details coins I'll put at near retail for a straight grade, others half the retail. It depends.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
Valued Member
Canada
462 Posts
 Posted 06/29/2020  10:47 am  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
The way I see it, each details coin is unique in that some of them you can't even tell why it details graded, whereas others you might be surprised were even slabbed at all.

Do remember too, for those coins that really don't look like details coins you can always break them out and sell them raw.

And also remember, there is a lot of problem coins on the market in straight grade holders.
Pillar of the Community
Canada
3344 Posts
 Posted 06/29/2020  10:56 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
There are also a lot of coins that should be straight graded in details holders !
All comes back to buy the coin NOT the holder !
Edited by Pacificoin
06/29/2020 10:57 am
Pillar of the Community
United States
7098 Posts
 Posted 06/29/2020  11:58 am  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
There are also a lot of coins that should be straight graded in details holders!


And vise versa as well. I have bought some coins at hilariously low prices because they were detailed, and when looking at the coin, I knew it deserved a straight grade. Best example was when I bought a Unc Details Art Toned 1943/2 Jefferson for $300 cracked it and resent it back to PCGS who then gave it a MS-66 which than CAC'd. Sold for $1550.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
Valued Member
Canada
462 Posts
 Posted 06/29/2020  12:11 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply

Quote:
. And vise versa as well. I have bought some coins at hilariously low prices because they were detailed, and when looking at the coin, I knew it deserved a straight grade. Best example was when I bought a Unc Details Art Toned 1943/2 Jefferson for $300 cracked it and resent it back to PCGS who then gave it a MS-66 which than CAC'd. Sold for $1550.


Got dayum, congratulations on that one dude.

I should have also mentioned that, yes there are also lots of coins that are graded as details that really shouldn't be.

Buy the coin, not the holder.
Pillar of the Community
United States
7098 Posts
 Posted 06/29/2020  12:23 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
congratulations on that one dude.


Thanks! Probably my best monetarily. The runner up was the VF-25 1909-S VDB I bought in an ANACS holder marked as (an priced as) a regular -09 S. While the blame is to fall on ANACS for that one, I didn't feel bad as seller had enough experience in listing and submitting coins that there's no way they should have missed it.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
Valued Member
United States
89 Posts
 Posted 06/29/2020  1:18 pm  Show Profile   Bookmark this reply Add TimNH to your friends list Get a Link to this Reply
I buy lots of details type coins, and as others have noted, the price deduction depends greatly on the "problem". Me personally, something like an old cleaning where you can't even tell anymore, I'll pay pretty close to straight graded. Plugged coins, or ugly graffiti or something, I just can't stand , would not pay much at all, period.
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United States
2080 Posts
 Posted 06/29/2020  1:33 pm  Show Profile   Bookmark this reply Add keith12 to your friends list Get a Link to this Reply

Quote:
you can always break them out and sell them raw.
As what? problem free?
Valued Member
Canada
462 Posts
 Posted 06/29/2020  2:31 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply

Quote:
.As what? problem free?


If the coin doesn't justify the details grade then yes. Or you could just put a price on it and let the buyers form their own opinion on the grade.
Valued Member
Canada
462 Posts
 Posted 06/29/2020  2:34 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply

Quote:
. Thanks! Probably my best monetarily. The runner up was the VF-25 1909-S VDB I bought in an ANACS holder marked as (an priced as) a regular -09 S. While the blame is to fall on ANACS for that one, I didn't feel bad as seller had enough experience in listing and submitting coins that there's no way they should have missed it.


Geez, I've come to expect better than that from ANACS.

Oh well, to the victor, the spoils.

Wish I could share my own story like that, but most of my cherry picks have been raw coins.
Pillar of the Community
Canada
3344 Posts
 Posted 06/29/2020  2:54 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
When you running a production line ( coin grading is an example ) there are bound to be
Errors omissions and flat out mistakes . One reason that things like cars ( production line)
Come with warranties .
Bedrock of the Community
United States
19337 Posts
 Posted 06/30/2020  07:44 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Not being a slabbed coin collector I simply break out any coin I buy in a slab for my Albums. I ignor what ever is said on the slab.
just carl
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3482 Posts
 Posted 06/30/2020  07:45 am  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
Interesting opinions and anecdotes.

It sounds like the OP posed the question from a SELLER's viewpoint ("pricing slabbed coins"). Whereas a number of the responses are from a BUYER's viewpoint.

Sounds like there is no simple answer.

As for breaking out a details coin and selling it raw, I see no problem, unless you claim the coin was certified/graded at the straight grade (and if you did, why would a buyer believe it unless they saw the slab?)
Edited by tdziemia
06/30/2020 07:45 am
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3414 Posts
 Posted 07/04/2020  4:39 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
FWIW, a couple of years ago I sold off some of my mistakes to Coleman Foster - he paid me about 30% of the clean grade price. So that's a wholesale data point.
-----Burton
46 year / Life ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC
Owned by four cats and a wife of 35 years (joined 1983)
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