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Graded Or Raw Coins Which To Purchase?

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New Member
United States
16 Posts
 Posted 01/07/2018  3:47 pm  Show Profile   Bookmark this reply Add slh1 to your friends list Get a Link to this Reply
All very good points. I learned long ago that all "experts" are not created equal. In addition, there is an "art" component to any coin evaluation. I have heard it a number of times already, buy the coin not the holder. Clearly sound and time tested advice.
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chesterb's Avatar
United States
1261 Posts
 Posted 01/07/2018  5:02 pm  Show Profile   Bookmark this reply Add chesterb to your friends list Get a Link to this Reply
If you're looking at classic US coins from the late 18th to early 19th centuries then I would definitely purchase coins encapsulated by one of the major TPG companies. No question about it imo. One thing not mentioned is these companies have been around for about 30 years. Many of the coins in the dates you're looking have been through their system already. If it's not in a holder then it's because it's either been in a long time collection or it was removed from the holder due to a details grade or some other reason. I'm always skeptical nowadays when I see a raw coin unless it's a very common date. It raises my antennae.

Another thing not mentioned is CAC. It might make sense for you to look at graded coins certified by CAC. They certify only the top A and B coins for the respective grade so you likely will be getting a quality coin. You'll know it's been certified by CAC if you see a small oval green sticker with their logo affixed on the slab. By looking at coins certified by CAC you'll also train your eye to know what to look for. There's a premium paid for these coins but to be honest it's probably best to pay a premium for a quality coin than to pay too much for something that has problems that you may not be aware of as you're learning.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/08/2018  12:06 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
All very good points. I learned long ago that all "experts" are not created equal. In addition, there is an "art" component to any coin evaluation. I have heard it a number of times already, buy the coin not the holder. Clearly sound and time tested advice.


You're obviously looking at this with sharp eyes and an open mind.

The whole point of this hobby is to become knowledgeable regarding the coins you collect. The alternative to this practice is rather like buying a Porsche Turbo S and exclusively using it for grocery runs. Yes, it's fun while you do it, but you're kinda missing something....

The purpose of slabbed coins is in consideration of the next owner, not yourself. An authenticated and graded coin attracts a much larger buyer demographic, especially considering the large percentage of transactions taking place wholly on the Internet these days. It's probably (unfortunately) true that an even larger percentage of buyers going forward will fail to acquire the skills to properly authenticate and grade coins themselves, and it's not in your best interest to lock that demographic out when it comes time for you (or your heirs) to liquidate your holdings.

To return to the Porsche analogy, is it better to buy that Porsche and then learn how to drive fast on a track, or should one maybe get a feel of how to drive fast before buying a "top 1%" example of the machine with which to do it?
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