This Is One Reason Why I Don't Buy Slabbed Coins. - Page 3

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Author	Replies: 39 / Views: 7,832	Page: of 3

vanbroj Valued Member United States 450 Posts	Posted 09/17/2011 10:53 pm You know the classic saying : " Buy the coin and not the slab " Report this Post to the Staff
mkman123 Pillar of the Community United States 3184 Posts	Posted 09/18/2011 01:10 am I like slabbed coins when it comes to older coins because they give me peace of mind that I have a real coin vs a fake raw coin. Report this Post to the Staff
Chancellor Sutler Pillar of the Community United States 1372 Posts	Posted 09/18/2011 09:32 am It is of far more value to be able to determine for yourself by weighing, measuring and attribution, that what you have is original, or is genuine (not just authentic which is an ambiguous term probably coined by a lawyer) rather than take a 3rd party's word for it. Authentic means "true to original detail" ... nothing more. It does NOT mean original or genuine. I am not of unlimited resources. Money "is" an object here, and before I'll pay somebody 100 dollars for their opinion, I'll buy a hundred dollars worth of coins. There's not a single counterfeit in my collection, and I sleep well at night with the knowledge that I didn't have to pay somebody for that peace of mind. Chance Edited by Chancellor Sutler 09/18/2011 09:36 am Report this Post to the Staff
numismateer New Member Canada 48 Posts	Posted 09/20/2011 03:36 am I'm sure at least some of you remember collecting before TPG'ers? what chaos in grading, and thats when cleaning was rampant as well. I actually prefer someone other than the seller screening the coins first, and PCGS is very particular when it comes to cleaned pieces. I'd rather put up with the occasional slip-up than go back to those ways. especially now with online auctions etc. We'd spend all our money on return postage instead of slabs! Report this Post to the Staff
johnnybro123 New Member United States 47 Posts	Posted 10/01/2011 10:46 pm As someone who found a Washington missing edge lettering at an antique shop. I took a chance it was real. I thought it was because I put it on a digital scale and it weighed correctly. I believe this would work for your coin too. If it is light it was rubbed or ground off. Mine came back as Mint Error Missing Edge Lettering MS 64 Report this Post to the Staff
mkman123 Pillar of the Community United States 3184 Posts	Posted 10/02/2011 06:18 am Mistakes happen but for numismatic coins I would buy slabbed vs raw nowadays due to counterfeits. Report this Post to the Staff
hopping_rabbit Valued Member Canada 235 Posts	Posted 10/02/2011 06:53 am I have recently decided that any coin I purchase for over 100 dollars will have to be slabbed by a reputable TPG. I am still OK with buying raw coins under that price, but the closer I get to 100 dollars, the more careful I will be. Recently got burned a bit on ebay with some Buffalo nickels that were cleaned and ugly, but hey, I lost 7 bucks and learned a lesson..... Report this Post to the Staff
johnnybro123 New Member United States 47 Posts	Posted 10/09/2011 2:44 pm I have read a lot of posts saying grades of 69 and 70 are easy to get these days and that grading is getting lax I say that you can make that argument stick when you see the TPG `s start churning out ms 67 and 68 morgans. Also there still has not ever been a ms coin from mint sets grade at 70 . Otherwise , cant it just be that minting techniques are better than ever and so is coin quality. Or , a 69 or 70 represents near perfect or perfect example of that years run. Either way there is a standard to be held to. AND so many coins are over $100 these days and I am as much an investor as collector. I just want the slabs to end the labeling frenzy I do not care if the coin is minted day 1 or 1001 the numeric grade is all that matters the coin is the coin. I see idiots on e-bay paying 1500 bucks for 2006 w 20th anniversary set coins - the fact is all those 2006 w silver eagles were made in a run and then some were picked out to fill the sets. The labels make one think the coins were run specifically for that set of 250,000 or 30,000 if you got one with a gold coin. 450.000 or so 2006w silver eagles were minted and I am sure it was all in one run each coin equal to the others minus wear on the dies. I cant believe people are paying $1500 for a coin I got for $157.00 crazy Report this Post to the Staff
eddiespin Pillar of the Community United States 1547 Posts	Posted 10/22/2011 11:41 am Quote: If they can't even get the coin right, how can one expect the grading to be right? Grading, in my opinion, is a matter of opinion. TPG just overinflate the cost of the coin. If I had my choice to buy the same coin, either slabbed or not, I would choose not. What probably happened is they ran out of Jefferson holders and figured nobody would notice. Good eye! Report this Post to the Staff
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