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If you like it, plan to keep it, want it protecting, and want the excitement of waiting for and then receiving the grade, then go ahead and get that bad boy slabbed. Also, slabbed coins are so much easier to sell if you ever wish to part ways. I have plenty of coins of value under $100 that I slabbed, for those aforementioned reasons.
I second this, they are all solid reasons to slab.
If you have a few coins in a similar situation, ANACS is running a monthly special of 14 coins for $139+ shipping. I have taken advantage of their specials a couple times and have been more than content with the service. Like any submission to any
TPG, one always hoped a couple got the next higher numerical grade, but I paid them for an opinion and they gave me an honest one.
I have kids at home, and someday hope to pass my collection on to them. For now, having some coins slabbed allows me to let them hold and appreciate daddy's favorite coins without daddy out. So to me, that $10-20 slabbing on many coins where I can now let them hold the coins is well worth it to me. Also, if one day the coins go to sale, the ease of sale and the higher $ received will find a way to pay for the overall slabbings. If I have spent $1K over the years on slabbing, I feel that even on these $75-150 coins in bulk, that they will net for more than $1K than they would have if left raw.
As a commodity, an 1880-S isn't an ultra rare coin that legends are written about in the form of newspaper headlines like an 1893-S or and 1804. But if this coins means something to you and makes you happy and is something that allows you to share a moment of joy with the kiddoes, then by all means, you do what you want to do with it.