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 Replies: 9 / Views: 1,698 |
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Valued Member
United States
50 Posts |
I have purchased a lot of already graded coins starting out as I knew what I was getting. After reading a lot on here it seems like a lot of people don't like them graded. Do you think that if selling coins later down the road it may hinder a sale to another collector if graded? What do y'all prefer and at what stage of collecting are you in? Thanks in advance
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Pillar of the Community
United States
3546 Posts |
Quote:
After reading a lot on here it seems like a lot of people don't like them graded. I personally disagree with this statement since a TPG giving their opinion on the grade and slab most of the time provides the buyer with a sense of perceived protection. Admittedly, one will always find people that prefer non-graded coins but those same people expect to pay less when they purchase these type of coins since they are basically on their own. I have just under ten years working with coins. mdpmedia |
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Valued Member
United States
132 Posts |
It all depends on what the collector has in mind. I personally collect because I enjoy it, and have no plan to sell the coins in the future. Therefor, I have no need to send in my coins to get slabbed. If you plan to sell your collection, depending on the value of the coin it definitely can be worth it. As mentioned above, it gives the buyer a perceived protection and authenticity. I will buy slabbed coins if the price is right, and the coin is worth it. Raw coins, particularly online, are typically high risk high reward. You'll pay less then a slab, but it may be falsely represented, cleaned etc... or it may be a MS-65+ at the price of AU. A slabbed coin is the safe route, in return most likely costing more. Always buy for the coin.
Edited by TonedMo87
03/28/2012 01:31 am
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Bedrock of the Community
Australia
21788 Posts |
In relation to the Australian situation, Polo4121 is right. TPG is not very well supported on the other side of the Puddle. There are no slabbed coins in my collection at all. I suspect that most Australian collectors would have very few salbbed coins,if any at all. The majority of slabbed coins that I DO see are American, although a few Aussie coins are also slabbed and almost all of THOSE are pre decimal. Nevertheless, I think I understand all of the reasons why coins should be slabbed, and I guess that most of them will be expressed in this thread. |
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Valued Member
United States
162 Posts |
Generally, the collectors who don't like slabs dislike them for aesthetic, not financial reasons. If the slabs don't bother you, and resale value is a high priority of yours, you should leave them be.
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Pillar of the Community
United States
2541 Posts |
I don't buy a lot of expensive/high end coins - a lot of stuff under $50. As a result I don't have anything in a slab. I do prefer looking at a coin and being able to hold it vs having it caged up like Hannibal Lecter. I'm thinking about getting into Trade dollars and would only purchase them slabbed due mainly to the number of fakes out there. 4 years of collecting for me. |
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Pillar of the Community
United States
3546 Posts |
Quote:
although a few Aussie coins are also slabbed and almost all of THOSE are pre decimal. Sel, With the above being stated do you feel from your experiences that, compared to a non-slabbed coin, a slabbed(PCG, NGC, or ANACS) pre-decimal Aussie or New Zealand coin would fetch more money being sold to an Aussie or New Zealand buyer either directly or through an auction such as ebay? I have no idea of market trends in this part of the world being that I am from the Kentuckiana area located 25 miles from both Univ. of Louisville and Univ. of Kentucky both of the NCAA basketball final four fame this coming weekend...  . I just had to throw that tidbit of info. in since the entire state of Ky is in a state of pandemonium regarding this game and this post should be my 500th post on CCF.  Thanks mdpmedia |
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Bedrock of the Community
Australia
21788 Posts |
mpmedia: The answer to your question in my Australian experience is 'no'.
The only real advantage that a slabbed Australian coin would have is that for a high value item, the negotiation for a selling price would be easier.
I personally say 'would have', because there are no slabbed coins in my collection. I do have quite a few American coins that would grade MS61 to 64.
I would imagine that Australian slabbed coins on the American market would behave in the same way as American coins do.
Actually, I am a Green Bay fan!
Many years ago, I went to a few Manchester United home matches when I lived in Manchester for a couple of years.
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Valued Member
 United States
50 Posts |
Mpmedia congrats on 500!
Thank you all for all of the insights.
Gothis, do you think that if you had more expensive coins, besides the trade set to come, that more would be graded? I have an array of coins ranging from $1-$500 and about half of the higher priced ones are graded.
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Bedrock of the Community
Australia
21788 Posts |
I have been collecting for 40 or so years, and my first love is ancients, even though they comprise less than 5% of my collection.
The value of an ancient coin has a great deal more to it than just condition: eye appeal, completenes of the detail and legends, quality of striking, flan quality, and patina, as well as condition all play a part. The same applies to all coins to a lesser extent, which includes hammered and milled coins as well.
As a result of this, I like to have a coin in hand before buying. I suppose, also because of this, I don't see the need for someone else to grade for me.
Nothing wrong with graded coins. There are obvious benefits, which I can readily appreciate. There are obvious benefits to having a third party opinion on a high value coin in MS60 or better condition, where price vatiations can be huge.
It is easier to arrive at a price in a negotiation to buy a coin, if both parties accept the opinion of a third party grader.
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Replies: 9 / Views: 1,698 |
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Posted 03/28/2012 01:30 am
