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 Replies: 14 / Views: 1,324 |
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Bedrock of the Community
 United States
18640 Posts |
whats you thoughts on pricing slabbed coins that come back with a details designation? I find pricing these coins the most difficult to price correctly
are you using a certain percentage of retail? would you use a higher percentage for key coins? are you basing it on the overall coin and if the designation was over zealous or based on how you feel about the coin. for instance, what if you have a key coin with a light scratch thats barely noticeable, do you deduct 30%, 50% or more?
also, do you avoid detailed coins all together or would you consider them if you need one and cant find a straight grade in your price range or do you settle for a lower straight grade?
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Pillar of the Community
United States
8938 Posts |
Short answer and long answer are the same. It depends on the coin. Some details coins I'll put at near retail for a straight grade, others half the retail. It depends.
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Pillar of the Community
Canada
857 Posts |
The way I see it, each details coin is unique in that some of them you can't even tell why it details graded, whereas others you might be surprised were even slabbed at all.
Do remember too, for those coins that really don't look like details coins you can always break them out and sell them raw.
And also remember, there is a lot of problem coins on the market in straight grade holders.
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Pillar of the Community
 Canada
5393 Posts |
There are also a lot of coins that should be straight graded in details holders !
All comes back to buy the coin NOT the holder !
Edited by Pacificoin
06/29/2020 10:57 am
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Pillar of the Community
United States
8938 Posts |
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There are also a lot of coins that should be straight graded in details holders! And vise versa as well. I have bought some coins at hilariously low prices because they were detailed, and when looking at the coin, I knew it deserved a straight grade. Best example was when I bought a Unc Details Art Toned 1943/2 Jefferson for $300 cracked it and resent it back to PCGS who then gave it a MS-66 which than CAC'd. Sold for $1550. |
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Pillar of the Community
Canada
857 Posts |
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. And vise versa as well. I have bought some coins at hilariously low prices because they were detailed, and when looking at the coin, I knew it deserved a straight grade. Best example was when I bought a Unc Details Art Toned 1943/2 Jefferson for $300 cracked it and resent it back to PCGS who then gave it a MS-66 which than CAC'd. Sold for $1550. Got dayum, congratulations on that one dude. I should have also mentioned that, yes there are also lots of coins that are graded as details that really shouldn't be. Buy the coin, not the holder. |
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Pillar of the Community
United States
8938 Posts |
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congratulations on that one dude. Thanks! Probably my best monetarily. The runner up was the VF-25 1909-S VDB I bought in an ANACS holder marked as (an priced as) a regular -09 S. While the blame is to fall on ANACS for that one, I didn't feel bad as seller had enough experience in listing and submitting coins that there's no way they should have missed it. |
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Valued Member
United States
416 Posts |
I buy lots of details type coins, and as others have noted, the price deduction depends greatly on the "problem". Me personally, something like an old cleaning where you can't even tell anymore, I'll pay pretty close to straight graded. Plugged coins, or ugly graffiti or something, I just can't stand , would not pay much at all, period.
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Pillar of the Community
United States
6507 Posts |
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you can always break them out and sell them raw.
As what? problem free? |
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Pillar of the Community
Canada
857 Posts |
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.As what? problem free? If the coin doesn't justify the details grade then yes. Or you could just put a price on it and let the buyers form their own opinion on the grade. |
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Pillar of the Community
Canada
857 Posts |
Quote:
. Thanks! Probably my best monetarily. The runner up was the VF-25 1909-S VDB I bought in an ANACS holder marked as (an priced as) a regular -09 S. While the blame is to fall on ANACS for that one, I didn't feel bad as seller had enough experience in listing and submitting coins that there's no way they should have missed it. Geez, I've come to expect better than that from ANACS. Oh well, to the victor, the spoils. Wish I could share my own story like that, but most of my cherry picks have been raw coins. |
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Pillar of the Community
Canada
5393 Posts |
When you running a production line ( coin grading is an example ) there are bound to be
Errors omissions and flat out mistakes . One reason that things like cars ( production line)
Come with warranties .
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Bedrock of the Community
United States
20753 Posts |
Not being a slabbed coin collector I simply break out any coin I buy in a slab for my Albums. I ignor what ever is said on the slab.
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Pillar of the Community
United States
7933 Posts |
Interesting opinions and anecdotes.
It sounds like the OP posed the question from a SELLER's viewpoint ("pricing slabbed coins"). Whereas a number of the responses are from a BUYER's viewpoint.
Sounds like there is no simple answer.
As for breaking out a details coin and selling it raw, I see no problem, unless you claim the coin was certified/graded at the straight grade (and if you did, why would a buyer believe it unless they saw the slab?)
Edited by tdziemia
06/30/2020 07:45 am
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Pillar of the Community
United States
4588 Posts |
FWIW, a couple of years ago I sold off some of my mistakes to Coleman Foster - he paid me about 30% of the clean grade price. So that's a wholesale data point.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Replies: 14 / Views: 1,324 |
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Posted 06/29/2020 10:47 am
