Which Coins To Get Slabbed

I would only slab coins that, in your opinion, will be as least twice the value of what you payed to get them slabbed. Thats what I go by anyway.

Hi Diane,

IMHO it depends. My first thought after reading your post was "by whom are the coins slabbed by right now"?

Then your tuff question, Is there a value at which it makes sense?
The honest answer is "yes & no". A few years ago I sent about 20 Silver Eagles to PCGS for grading, they all came back MS66 to MS68, not 1 came back MS69 or MS70. Later I sold a few on ebay. In all cases I lost money if you include the coin cost, the grading fees & the postage. Then the fees to ebay and Paypal, the costs of shipping to the winner, the losses mounted. So as you can see especially on the moderns you could lose money.

Now I think real hard before sending a coin in for grading. One of my big considerations now is "Is the coin rare?" Mintages, how many were made? Next is, I look to see what this coin has been selling for in the grade I hope to get it back, then I do the math. If the numbers jive and I really think this coin IS a high grade I might pull the trigger. If not I move on. Its current value in its raw form is where I start, I then start to add the costs, I then search to see what they have been selling for. This process is not foolproof mind ya, but it gives you a "ballpark" figure.

The next biggie ? is by whom is this coin slabbed by? PCGS is considered the "top dog" their graded coins are IMHO way over priced vs say NGC or ANACS, even ICG, which most consider the top 4 TPG's. All other grading companies most just have the value of the coin raw, they are not worth the slab it is encased in. So if you want the most bang, PCGS is unfortuantely the top dog, but IMHO they "undergrade coins consistently.

Personnally I now use only NGC, I want an "accurate grade", not an undergraded coin. I have also used ANACS on a few occassions when I KNEW the coin was cleaned, whizzed and/or has a problem. They will at least slab it with the problem stated on the case. Another words you get your moneys worth, the coin does not come back in a body bag.

Then you asked "So I could send in one and see what comes back. But even if it did prove to be MS-65, would it be worth it to get it (or the whole batch) slabbed?" I would recommend if your sure you want to do this, is send in 5 or 10 coins. See how they come back. If you use PCGS or NGC you have to send in a minimum amount of coins anyway. ANACS I'm not sure, you'll have to go to their web site. For PCGS & NGC you have to be a member and sign up at approx $99 cost but you get 5 free submissions with the membership, plus a token coin, usually a ASE graded MS68, with NGC 1 year I got a multi-holder state querter slab graded MS65. You'll have to go to each site to see what they are giving out today w/ membership. Fiannally, depending on your coins current holder, we have had threads on the forum whereas most members agreed that we should break out the coin being submitted out of its current holder and send them in raw. Hmm I have become long winded here, I hope I gave food for thought. Others I'm sure will chime in, afterwards, I'm sure you will have more questions. Do your homework is veeeerrryyy important.

CiScO

All coins have value and all should sell. The Red Book will give you an idea of their value but is NOT accurate due to the fact it is always prepared a year in advance for printing. Slabbing common date coins does not guarantee you more money as most coins are over HYPED by the grading companies and their value inflated. If I were you I would never slab anything except key date or very hard to find coins. Those would be worth while doing and it also guarantees their authenticity and grade. Guess what I am saying is don't get hooked on hyped values! Collect, buy and sell raw coins! As they say "collect the coin NOT the slab"!

I have Never Slabbed Anything :P
I do plan on but am scared, I dont know what to do, especially when I'm here in Kuwait.

TKC!

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Originally posted by SuperDave

In the case of the 1951-S quarters, MS66 wouldn't justify slabbing (two NGC MS66's just went for $29 each on ebay), much less MS65.

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Thanks for the great guidelines on making this kind of a decision on coins that a person is planning to sell.

In the case of the two 1951S quarters, how was the grade of MS66 determined?

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Originally posted by laxmaster92

How much does it cost to have coins slabbed and graded?

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At NGC it's from $12.50 up to $125.00
At PCGS it's from $10.00 up to $500.00
At ANACS it's from $11.00 up to $39.00

Info is from their respective web site. The different prices are for how fast you want it done, other prices depends on the actual coin, rarety, variety, attributes, age etc..

O yea, don't forget to ADD shipping, handling and insurance---

CiScO

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Originally posted by crystalk64

Guess what I am saying is don't get hooked on hyped values! Collect, buy and sell raw coins! As they say "collect the coin NOT the slab"!

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I really like the idea of collecting, buying, and selling raw coins. For one thing, I do like to look at the coin with only air between it and my eye.

But I do have some coins I am going to sell, and I'm concerned that a potential buyer might be unsure about their condition. A photo can be misleading, and a buyer might want some kind of confirmation that the coin is what it appears to be.

In other words, how can I let a buyer feel confident about the true quality of a raw coin?