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Is It Really Worth Getting Something Graded?

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Superhal's Avatar
United States
315 Posts
 Posted 10/06/2013  4:44 pm Show Profile   Bookmark this topic Add Superhal to your friends list Get a Link to this Message Number of Subscribers
From what I can tell, it costs around $15 minimum to grade a coin, including delivery and insurance. Unless a coin is worth $100 in one of the top grades, I don't see how its worth it. Also, to me, the risk of getting a bad grade is too high. And in my experience, coins can degrade while in any container.

I can see the value in buying graded coins, especially if the cost is under the cost to get it graded yourself, but its too easy imho to replace the coin in the slab.
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fioti's Avatar
United States
4212 Posts
 Posted 10/06/2013  5:02 pm  Show Profile   Bookmark this reply Add fioti to your friends list Get a Link to this Reply
I would want a key in any grade to be cert.
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basebal21's Avatar
13014 Posts
 Posted 10/06/2013  5:13 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
For a single coin its going to cost you a minimum of about 50 with shipping and thats for a modern coin. You can get the average cost down to about 10 dollars a coin with bulk submissions and probably a little lower if your a massive store sending in thousands of coins a year

For cheaper coins it all depends on what you paid for it and what it will be worth as for if its worth it or not. A lot of the really cheap ones are misses though or were the result of bulk submissions
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Buddy's Avatar
United States
7075 Posts
 Posted 10/06/2013  6:09 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply

Quote:
its too easy imho to replace the coin in the slab.




I thought I'd need safety glasses and a bolt cutter to open a slab.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 10/07/2013  07:49 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
but its too easy imho to replace the coin in the slab.


It's nearly impossible to replace a coin in a given slab. What you see along these lines is new slabs with fake coins and labels.

TPG slabbing is useless for coins whose value is under, say, $150 unless they're a popular variety with great liquidity, and authentication is important. That's the mistake most people make - thinking about slabbing in terms of cheap coins. Of course that's not a viable option.
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Sap's Avatar
Australia
16829 Posts
 Posted 10/07/2013  08:33 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
And in my experience, coins can degrade while in any container.

This is true, which is why the slabbing companies don't guarantee the colour of bronze coins they grade. Although to be fair, slabs are about as airtight a container as you can get and still be able to see the coin inside. How well they work long-term is still unknown, of course, since they haven't really been around long enough to tell.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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kanga's Avatar
United States
5825 Posts
 Posted 10/28/2013  7:29 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
IMO there are three reasons to get a coin slabbed.
In order of importance (high to low) they are:

1. Authentication - is it really what it appears to be.

2. Alteration - has the coin been "adjusted" in some way; cleaning is the main culprit.

3. Grading - notice I rank this as the LEAST important function of slabbing.
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