Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Coin, Banknote and Medal Collectors's Online Mall Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Vancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection! Royal Estate Auctions - $1 Coin AuctionsSpecializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Slabbing Lower Grade Classic Coins

To participate in the forum you must log in or register.
Author Previous TopicReplies: 16 / Views: 2,967Next Topic
Page: of 2
Pillar of the Community
matthewvincent's Avatar
United States
3486 Posts
 Posted 01/24/2012  8:54 pm Show Profile   Bookmark this topic Add matthewvincent to your friends list Get a Link to this Message Number of Subscribers
I'd like to talk about slabbing coins.
No. I offer no opinion about which Third Party Service is the "best."
Rather, it is simply an account of what I did.

You see, I held off "plastic" for as long as I could.
But as I realized that times have changed and that without my eyes and my experience my sister would be at at a loss I decided to slab a few of the better coins.

After much thought, and with the advice of my local coin dealer, I decided to submit 20 coins to ANACS.
Here are the results:


1) 1877 Indian Head cent. I thought "AG" and it came back, "AG." It will always sell for close to one half of a good. Source: Aunt Tootsie. A "keeper."

2 and 3) [OK. I consider these two to be "classic" and not modern.] Lincoln Cents.

1909-s VDB ... weak reverse. Came back VF
Aunt T.
1914-d VG
Aunt T.

4) 1885 Nickel. Bought as a VF-20. Came back as a VF-20.
"Scratched" but still made a net of VF-20. If a coin must have a scratch it should be in a very inconspicuous place. My "mentor" asked, "Where's the scratch?" His nickel was equal to mine in preservation..
My purchase.

5 and 6) 1913-s and 1913-s Nickels -- Type 2.
One came back VG with scratch. Net Good. The other came back VG-8.
Dad and Aunt T.

7 and 8) 1916-d and 1916-d dimes.
Both Good.
Both from Aunt T.

9) 1892 Quarter - AU cleaned. Net XF.
Aunt T. [Who NEVER cleaned a coin!]

10) 1892-s Quarter -- Corroded - Net XF.
Aunt T. [Does copper corrode?]

11) 1901-O Quarter. I bought this as a Fine years ago and it came back VF. Guess I did good. My purchase.

12) 1913-s Quarter. Bought as a VG. Came back VG. I do so like this coin.
My purchase.

13) 1914-s Quarter. VF-30. NICE!
Aunt T.

14) 1916-d Quarter. A pleasant surprise. Came back MS-63.
Rainbow toning which I cannot truly appreciate because I am color blind.
Aunt T.

15) 1932-d Quarter. VG. My dads.

16 17 and 18) 1921, 1921-d and 1921-s Half Dollars.
21 VG-10
21-d Fine
21-s VG-8
Good Going Dad!


19) 1938-d Half Dollar
Came back Fine. Bought as Fine.
My purchase and nice eye appeal.

20) 1914 Half - VG-8
Aunt T.

----------------------------
Edited by matthewvincent
01/25/2012 08:44 am
New Member
Axecutioner's Avatar
23 Posts
 Posted 01/24/2012  9:11 pm  Show Profile   Bookmark this reply Add Axecutioner to your friends list Get a Link to this Reply
That is an amazing collection! I would have slabbed those coins if I owned them too, just to be 100% sure they're genuine and have an absolute grade for them.
Valued Member
secoinedchance's Avatar
Canada
449 Posts
 Posted 01/24/2012  9:44 pm  Show Profile   Bookmark this reply Add secoinedchance to your friends list Get a Link to this Reply
The guy who grades those so called "lower grade" coins does not know the history, the connection if you will of those coins. They are the ties that bind one generation to another. The generational fabric made seamless, perhaps not realized by this generation of collectors. Most grading is done for the value aspect of knowing how nice the coin is. And some, well some is done for the sheer pleasure of realizing that while it might not be the shiniest, mintest version of that coin out there, perhaps someone in one's not so recent past had some foresight to pick up that coin one day and say "you know, I like the look of that coin. Maybe I'll hang on to it" So that you, 50, 60 or sometimes even more than 70 years later can look at that same coin and see the beauty that someone close to you had seen before you.

My Father passed away a few years ago, and my mother passed away this past summer (2010) In going through their things I found a few coins that my Dad had put aside. He wasn't a collecter at all. But the coins that I found were a 68 Nickel "silver" dollar (they changed over to nickel for business strikes the year I was born, 68) and a Proof set of the year I was born. I never thought my Dad was the sentimental type to buy something like that to mark an occasion, but I guess that I was wrong. I again underestimated my Dad.

Needless to say, I had a hard time continuing to go through their stuff that day.

What I guess I'm trying to say, is that no matter what grade a coin comes back as, the grade is never on the history of the coin.

Because only the coin and you will know the history between you and it.
Pillar of the Community
Coinstar's Avatar
United States
1510 Posts
 Posted 01/24/2012  9:46 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
Aunt T knew what she was doing
Retired USAF 1983-2003
Rest in Peace
dave700x's Avatar
United States
10625 Posts
 Posted 01/24/2012  10:30 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
Nice list. Wish I had an Aunt T.
Pillar of the Community
Learn More...
nohope587's Avatar
United States
5953 Posts
 Posted 01/24/2012  11:33 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
Did you mean ANACS? was ANACAS a typo?
Pillar of the Community
Jaobler's Avatar
United States
6390 Posts
 Posted 01/25/2012  08:35 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Have you already been welcomed?


Your reason for slabbing your coins (to ensure a family member could easily determine value) is perfectly valid. The ANACS slab will also provide long-term protection (especially important for MS coins) and a guarantee of authenticity (extremely important for keys like the 1916-D dime, S-VDB cent, and '32-D quarter).

You have a great collection and a worthy family legacy to pass down. You might want to write a biography to go with the coins, to document their sources and record any anecdotes that apply. The family would appreciate the legacy that much more. Congrats!
Pillar of the Community
matthewvincent's Avatar
United States
3486 Posts
 Posted 01/25/2012  09:08 am  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
To nohope587,
My spelling error. Of course I meant ANACS.
I have made the correction.

I linked to your group and was most impressed by your admonition to check the egos at the door. There is a remarkable lack of ego here at CCF. I like that.

To secoinedchance,
What a delightful companion piece to my original post!
That grader examines many coins in a day and many more over the course of his or her career. There is no room for sentiment under the bright lights and magnifying glasses.

And the history of the coins, family history, exceeds
MS70 in grade. You said it all.

To Jaobler,
My family consists of one sister. I tell her stories all of the time. At 60 and she at 59 I have charted for us the most practical course possible.

I therefore hope to share these stories with the members. Perhaps they will be inspired to follow your advice and write a biography of their own.

Bedrock of the Community
United States
20753 Posts
 Posted 01/25/2012  10:20 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
As to slabbed coins, I'm just the opposite. I have none. I have purchased some in the past and break out the coins for Albums. I have never seen a purpose in having a pile of plasic instead of being able to open an Album and see ALL the coins for that set. I know there are many that have sets and the missing ones are somewhere else in a slab but I see no reason to do that since I like completed sets. I presume most like slabs for the so called future possible sales of those coins. I never sell coins, probably never will and what happens to them all after I'm gone makes little difference. So I just collect coins, not plastic.
Valued Member
EarlB's Avatar
United States
100 Posts
 Posted 01/25/2012  11:16 am  Show Profile   Bookmark this reply Add EarlB to your friends list Get a Link to this Reply
You guys are going to convert me yet. First I was accumulating only "junk" silver..next thing I know I'm buying the folders for dimes, quarters, halves and dollars and though they aren't MS, mint, uncirculated or nothing other than your typical circulated condition (but the best I aquire, each time I get a coin I compare it to the one in the folder) - I'm filling folders..eventually in my accumulation I'm going to come accross some key or semi-key dates (God you even got me to knowing those terms now)...anyways to my question. How much does it typically cost to submit coins to the grading companies? Is the cost based upon the type of coin, what it grades, or what? What is the turnaround?

Even a nut like me can notice the difference on ebay between slabbed and non slabbed realized prices. Not that I'd ever want alot of them, but like the OP someday it may make sense to send a few in.

Earl
Edited by EarlB
01/25/2012 11:19 am
Pillar of the Community
Jaobler's Avatar
United States
6390 Posts
 Posted 01/25/2012  3:47 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
This is review for many forum members....

EarlB, grading services generally offer "tiers" of service based on the estimated value of the coin (as determined by the owner) and the desired turnaround time. Cheapest rate I know is with the ANACS periodic special, 10 USA coins valued at $500 or less, graded for $100 including return shipping. Sending the coins in via Registered mail will add about $15 so the total cost is approx. $11.50 per coin. Their regular rate is higher and doesn't include return shipping. I thing ICG has competitive rates.

NGC and PCGS are pricier and will charge $18 minimum (each) up to hundreds of dollars for really rare and valuable pieces. Shipping is extra and you need to join their "club" to get submission privileges.

You can go to their websites to view full rates and tier requirements. IMO you should only consider PCGS, NGC, ANACS, ICG, and NCS grading. You can also peruse the Third-Party Grading topic on this forum for lots of additional info.
Pillar of the Community
Prethen's Avatar
United States
3234 Posts
 Posted 01/25/2012  4:15 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
For those pieces, I would either go with PCGS or NGC, preferably PCGS. It's not cheap but those coins will be very liquid and desirable in their holders.
Valued Member
EarlB's Avatar
United States
100 Posts
 Posted 01/25/2012  4:30 pm  Show Profile   Bookmark this reply Add EarlB to your friends list Get a Link to this Reply
Thanks for that heads up Jaobler. I'll make sure to save your post tonight for future reference. I had wondered about that. I've seen some "slabs" on ebay that have certification data but don't even have a name on them so knew I wanted to steer clear of them. Earl
Edited by EarlB
01/25/2012 4:31 pm
Bedrock of the Community
Bryan1315's Avatar
United States
14454 Posts
 Posted 01/25/2012  7:07 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply

Quote:
[OK. I consider these two to be "classic" and not modern.] Lincoln Cents.

I understand what your saying but it is hard to say a design that you can still see everyday in your pocket change as a classic
Pillar of the Community
smokeriderdon's Avatar
United States
3755 Posts
 Posted 01/25/2012  7:26 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
carl, I dont look at it as collecting plastic. If you are paying premiums because the slab says early release, or something liek that, then perhaps you could say that. But simply a slabbed coin? No, that is buying a coin that is certified to be what it appears to be.

Earl, oh, you dont know the depths you will plunge to! Muahahahahahahahahahahahaha!
Valued Member
mariospaghetti's Avatar
United States
421 Posts
 Posted 01/26/2012  10:00 am  Show Profile   Bookmark this reply Add mariospaghetti to your friends list Get a Link to this Reply
I too would have sent those coins in. Very nice list and great key dates. I agree it will be easier to pass them on with a sense of value and pride. Bows to your coins "were not worthy" LOL
  Previous TopicReplies: 16 / Views: 2,967Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.41 seconds to rattle this change. Forums