| Author |
 Replies: 7 / Views: 1,166 |
|
|
New Member
United States
7 Posts |
I have this dilemma. I am unsure when it is appropriate or necessary to send coins for certification. Just as an example, the coins at this link: http://s589.photobucket.com/user/tr...Misc%20CoinsI try and balance cost of certification with coin worth or scarcity. But sometimes it's a call almost too close to make. And sometimes (especially in the case of tokens or commemoratives), there is little or no information available. Ultimately they must all be sold as part of the estate (some thousand or so pieces). Is there an approach I'm not aware of which might facilitate my task of deciding which coin should be certified? Thanks. |
|
|
|
Valued Member
United States
365 Posts |
You'll get a number of responses to this question, which is a good and helpful thing, but let me offer a few considerations:
1) the ultimate goal is to sell everything, in which case the only reasonable rationale for slabbing is that you want to make sure you get the most money for the coins in the accumulation that are truly quite valuable. If the estate is some thousand coins, how many of them actually hold value in excess of, say, $100? In other words, how valuable do you think this lot of coins you have is? Has it been appraised by an expert?
2) a dealer whose shop I used to frequent used to say it's not worth slabbing a coin unless it's worth more than $100-150; If your collection/accumulation has a lot of extreme rarities it may be worth slabbing quite a number of them. If you have a lot of coins from a specific series, say, just slab the key date/s to start and then see if you're able to get what you think/thought you would for it, before you sink lots of money into a massive grading undertaking.
3) lastly: because slabbing is such a rather costly proposition (given that one generally has had to spend a significant proportion of a coin's market value already in order to own it) it is probably wiser to be conservative in your choice to slab. If you get a membership in order to direct submit, use the freebies that they give you in order to test the market's waters on these coins you describe as being iffy propositions.
|
|
New Member
 United States
7 Posts |
Thank you for your insight. It seems there is no real short-cut, and only due diligence and thoughtful calculation which must be practiced. The small part of the collection for which I am responsible I estimate a worth of 100K. Although that could change if I discover some surprises during my continuing research, which is very possible as I've only begun to scratch the surface. As recent experience has only compromised any faith I ever had in experts, I foresee this task as one I'll have to undertake alone. Meanwhile, since there's no real hurry, I've the benefit of being able to take my time, which should help minimize error while I refer to my Krause catalogues, Internet Auction Archives, and coin forums. The membership suggestion in order to direct submit is sage advice. But the process of determining certification will continue to be an arduous process, which I am actually now beginning to look forward to as I am reminded that it is challenges which stimulate growth. Thank you again for your response. Kind regards.
|
|
Pillar of the Community
United Kingdom
2871 Posts |
It's also worth bearing in mind that if you are selling to the US and Canadian market - slabs etc, seem to bring a premium. If you are selling to the rest of the world it won't.
|
|
Pillar of the Community
France
1591 Posts |
The first one on your picture is very nice (2 reales proclamation coin) - and the central american republic 8 reales are superb as well (particularly the first one, which was a bit contaminated by some copper oxidation) !
|
|
Pillar of the Community
United States
1962 Posts |
Perhaps see if Stack's (aka Stack's Bowers or for world pieces called Stack's Bowers Ponterio or just Ponterio, due to assorted mergers) is still running the promotion where they will slab for free if you consign to them... I was getting promo emails about this several months back - I think the grading co. was NGC. Ponterio has generally been considered to have something of a specialization in Mexican/Latin American material, and as much of what you're showing there is in this arena, might be worth looking in to.
|
|
Valued Member
United States
365 Posts |
I hear you on the matter of experts, there's always a question of credibility. Sometimes dealers will--for a fee--give a worthwhile opinion on overall value since there is no expectation whatsoever of their involvement with purchasing or liquidation of said collection.
When you say 100k, my first thought is "premier auction house". The big guys want to deal with collections on that order of magnitude, and they often handle the slabbing for you (or at the very least advise you on the decision as to what to slab). Guys like Heritage won't jerk you around, because they want to get you the best price. Their world coin sales of slabbed coins--whether they are being sold only to North Americans or not--DO fetch premiums. Just compare what they do versus comparable material that's not slabbed elsewhere.
Good luck, it sounds like a project well worth some time and energy!
|
|
Pillar of the Community
France
1591 Posts |
realeswatcher : I confirm, I received a mail from Ponterio a couple of days ago promoting free slabbing for consignement with them for their Septembre auction (if I remember well). They do that almost every time in fact.
|
| |
Replies: 7 / Views: 1,166 |
|
Posted 07/12/2013 07:40 am
