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 Replies: 16 / Views: 2,909 |
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Pillar of the Community
United States
808 Posts |
I get the point of slabbing graded coins and bullion to preserve their numismatic value.
Beyond numismatics however, does slabbed bullion offer any notable advantages (or disadvantages) to the PM investor over ungraded bullion?
Thoughts?
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Pillar of the Community
United States
3486 Posts |
Oh boy ... I came to the CCF to avoid questions such as yours, but I cannot resist. Bullion is bullion is bullion. One may call it a coin but it is still bullion. A PM investor, who has neither knowledge nor inclination to learn, might do well to avoid this ... what to call it ... "SCAM!" Fostered by governments ... Eagerly supported by TPG ... Hyped on late night TV by "Coin" shopping networks ... My opinion, yours may be different. Edited by matthewvincent
02/15/2012 5:49 pm
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Pillar of the Community
United States
4897 Posts |
 Could not have said it better Matthew!  |
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Pillar of the Community
Canada
1723 Posts |
When it comes to ivestment for the silver properties.....like these guys say..silver is silver and you are wasting your money. slabbed bullion doesn't preserve their numismatic value because they dont have one. There are so many out there that it is pointless. However, if you just really like a particular series of coins and you want the best of the best for your own personal satisfaction...then a slabbed coin might give you that little extra happiness knowing you have the best. I think bullion slabs are useless unless it is ms70. I dont collect slabbs but I do collect bullion for personal satisfaction. CHEERS!
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Pillar of the Community
United States
7840 Posts |
Why Slab Bullion? Because there is a spot for the ASE in my 7070 Slab Collection. Other than that...why bother? |
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Pillar of the Community
 United States
808 Posts |
Quote:
Bullion is bullion is bullion. One may call it a coin but it is still bullion. Heh! I could hear the words of one of my favorite local coin dealers while I typed this post: "Bullion is bullion!" said with a booming Louisiana accent. :) And I agree. Completely. Let's assume a slabbed bullion coin is offered for sale at the same spot plus commission rate as ordinary bullion. Is there anything to be concerned about? Could someone use the slab to hide a damaged or counterfeit coin? IF the price were equal, would you still pass on a slabbed bullion coin? |
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Pillar of the Community
United States
3670 Posts |
Bullion may not be numismatic coins, but it has the right be graded like anything, no matter how silly I or any other may see it to be. As always, if there is masses buying it, there must be some type of market for it. And if one likes it, appreciates its it, others do as well, then it fits the requirements for the definition of the word VALUE.... I got an old high standing horse I named Numismatic, and I like to get on that old guy an ride around the neighborhood yelling Hi ho silver coins, via Morgans or Peace dollars from time to time, everybody looks at me like I am nuts for some reason lol.... |
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Pillar of the Community
United States
667 Posts |
To me no it is bullion period. However there are people out there that actually collect bullion coins such as those that talk about the ASE in the Modern USA Coins part of this site. In fact there are more than a few threads on ASE and grading. I suspect there are more than few people here even in the bullion forum that may have both. So if that is what your are into then get them graded. I don't buy graded bullion so to me they bring no extra premium. Does it bring an advantage to a bullion person? It depends on who your buyer is and how fast you need to liquidate. |
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Pillar of the Community
United States
808 Posts |
That's pretty much my attitude on the bullion issue. I have ZERO interest in paying ANY premium for graded bullion products. That's just my opinion, though. But, if it comes up for sale at spot plus my dealer's usual commission, what's the harm?
The one downside for me (and it's minor in my opinion) is that I check weight and size on every bullion coin I buy. The minute I get it home, that coin is coming out of the slab.
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Pillar of the Community
Canada
1723 Posts |
@Silverhawk74
Thank-you. My point exactly.
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Pillar of the Community
United States
1450 Posts |
I bought a 1 ounce gold buffalo a few years ago and it arrived slabbed and graded for the same price as an ungraded one(it was graded ms 69). Because I paid no additional premium I assume the dealer also paid no additional premium. I tried to sell it at a slight premium last year and didn't even get a nibble!
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Pillar of the Community
Canada
1502 Posts |
Slabbing bullion serves its purpose only to authenticate. And that only makes sense with coins that are often faked, like the Chinese Pandas. Even there, I would prefer the coin as is to slabbed. There is something very impersonal about slabbing a coin... it's like a plastic coffin for coins.
It's all gimmick IMO, even slabbing numismatic coins to a certain extent. If the buyer and seller cannot agree on the condition and worth of a coin between themselves, one or both parties needs to be more educated and the transaction should not happen. Paying some third party that would change the grading of a particular coin if you submit it often enough makes little sense to me.
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Pillar of the Community
United States
808 Posts |
@boboxw: Many thanks! That's exactly the kind of information I was looking for.
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Pillar of the Community
United States
1150 Posts |
Its a waste of plastic, IMHO.
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Pillar of the Community
United States
1659 Posts |
Quote:
...is that I check weight and size on every bullion coin I buy. I do the same thing. For this reason I prefer raw bullion coins. Paying a premium for slabbed bullion doesn't make a lot of sense to me, but to each his own. Not to mention the fact that raw coins take up less safe space. |
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Valued Member
United States
194 Posts |
I prefer raw unless the value is over $100, in which case I like that the slab makes it easier to get the extra bucks when selling (e.g. reverse proof ASE, 5oz ATB, 1/10 AGE). |
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Replies: 16 / Views: 2,909 |
Posted 02/15/2012 5:54 pm
