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 Replies: 35 / Views: 5,764 |
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Pillar of the Community
United States
1547 Posts |
*** Moved by Staff to a more appropriate forum. ***Did you ever give thought to that? It just so happens to be the "hot topic," at present, in my kid's coin club, that's why it occurred to me to ask. Needless to say, I'm quite proud of these little buggers, just opting to take a question of this philosophical magnitude on. Thus, I thought I'd survey all of you for your thoughts on it. What's the value to you, personally, of a TPG grade, or, for that matter, of a CAC endorsement on same? I could tell you my answer, but, then, that'd be "leading." Let's just keep this "open ended," for now. Just, what do you think? Thanks.
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New Member
United States
16 Posts |
I love the question. I have been collecting for six years now, but have not entered into the 3rd party grading game yet. I am considering joining PCGS, if nothing else than a learning experience.
Anxious to see how others feel
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Pillar of the Community
United States
4897 Posts |
I must admit. The only slabbed coins I own were gifts. I do have a few roll finds I am considering getting graded. It seems the value of a TPG coin is if you are trying to sell it. I mean the security and confidence a potential buyer feels from seeing a graded coin is probably its greatest "value" IMO |
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Pillar of the Community
United States
1126 Posts |
Ahh, Out of the mouths of babes. Great question coming from a
Young Numismatist Club.
For me personally the value comes from experts in the field
looking over a given coin and determining whether it is genuine
or counterfeit. With the rise in counterfeits being shipped into
this country. It is definitely helpful to have extra eyes looking
over some coins. One bad burn on an expensive purchase of what was
thought to be genuine coin can turn someone off the hobby for ever.
As far as the assignment of grades There are no truer words
I have ever heard when it comes to graded coins.
"Buy The Coin Not The Holder"
Taking a year and learning how to properly grade coins was the single
best investment in my chosen hobby I have made.
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Bedrock of the Community
United States
20753 Posts |
I personally hate all TPGS's. I think most are way over rated and a waste of money in ALMOST all instances. Way to mamy people are what I call SLAB HAPPY. By that I mean they waste money having coins of very little value graded and slabbed. For some reason these people think if you have a $1 valued coin graded and slabbed it now is worth $50 or something. At all coin shows I hear that all the time that of course it cost more it's in a PCGS slab.
I refuse to ever pay extra for a coin just because it's in a slab.
USED to be the only way to know if a coin was real, but with all the China faked copies of slabs and the coins too. makes little difference who made the slab.
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Moderator
 United States
23522 Posts |
The "value" of a third-party slab to me is completely irrelevant. What *is* relevant is the value of that slab to a potential buyer. As near as I can tell, that value is real, significant, and unchanged over the past years. The bottom line is the bottom line.
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Bedrock of the Community
Canada
10743 Posts |
just carl said.. Quote:
I think most are way over rated and a waste of money in ALMOST all instances. I couldn't agree more, just because someone says it's MS-62, it may be MS-64 in someone else's eye.  |
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Pillar of the Community
 Canada
9865 Posts |
What's the value of a 3rd-party grade? Exactly $0 The value is the coin itself If you respect a certain TPG's opinion they can help you determine the value "Buy The Coin Not The Holder" is a concept some collectors just don't get no matter how often it is repeated. |
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Pillar of the Community
United States
1126 Posts |
One other thing that I forgot to mention that I like about Third Party Graded coins is the holders They do a good job of protecting the coin from fumbly fingers  I have often thought about buying some of the type of holders that they use. It would come in handy because of the space to put a note on the characteristics of a coin that would be right with the coin versus having to look it up in the book. I am not too much of a set collector. More of a individual coin type of thing. Terry |
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Pillar of the Community
United States
4000 Posts |
I wouldn't buy a coin in a basement slab without having the benefit of the coin in hand and knowing exactly what I was getting.
If I'm buying over the internet, I stick with the big 3 (or 4). At that point it's because of the slab, not the label. Mostly, I bought high grade specimans that give me a somewhat reasonable expectation of them being right on the grade, but mostly for authenticity. Plus, the coin is probably more protected than whatever I was going to do with it anyway.
I've only sent a coin in once, for the same reason. I had a '32-D Washington that I wanted authenticated. I didn't even want the slab, they could have just sent it back and told me it was good. But, then I would have the burden of trying to convince someone else it was genuine if I ever tried to sell it.
So I guess I see some value in it.
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Pillar of the Community
 United States
1547 Posts |
I can tell you all this much, you're at least as smart as these YNs.  Seriously, I apologize for that way of making the point that these kids are learning right. BTW, do you all know what they call me, now? I'm the, "Well, what do you think?" guy. That's because that's how I usually answer all their questions, initially. While the other parents will typically just go off into lecture mode, my philosophy is more along the lines, let them figure it out. I just try to ask the right questions. I ask the questions, they find the answers.  Edited by eddiespin
03/12/2011 1:47 pm
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Pillar of the Community
United States
2448 Posts |
 Come on you guys, don't sugar coat it...tell us what you really think! I personally don't really care either way. Unfortunately, I have noticed people seem to bid a lot more on slabbed coins by PCGS and NGC than ones in the raw. (A completely un-scientific and random observation buckaroos so hold back them horses!) While I hate to sell coins, I have also noticed that my PCGS coins went faster that the un-slabbed coins. I think, regardless of the counterfeit problem, people are looking for some kind of guarantee and perceive the slab as a hedge for future selling. Also, how many people really acquire the ability to grade coins. Agreed, they are getting better on a whole, but there are a lot of folks out there that would rather leave it to the "Experts" for the grading. There was an article in Jan 9th Coin World by Bowers on his commissioning a set at a show. His requirements; all PCGS with CAC beanie. Now I'm really not one who likes to argue, especially when some one with the prestige of a man like this decides to buy only TPG slabbed coins, sooooo...maybe there's a shift in attitude that many have missed.  |
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Valued Member
United States
337 Posts |
I only have one graded coin in my collection because I needed to know if what I had was authentic or not
I wanted to know in case I want to sell in the future
the difference was 10 dollars or around 500
cost me 40 bucks to send it out
turned out to be worth while
Edited by Chriscoinmaster
03/12/2011 1:05 pm
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Pillar of the Community
United States
1547 Posts |
Quote:
Also, how many people really acquire the ability to grade coins. Agreed, they are getting better on a whole, but there are a lot of folks out there that would rather leave it to the "Experts" for the grading. I've got a question for you. If one doesn't know how to grade, what's one doing in this hobby, in the first place? Another way of asking that, perhaps, is, what's one appreciating in a coin, if one doesn't know how to grade it? There must be something. What is it? |
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Valued Member
United States
69 Posts |
I like to know that a coin is authentic and has no problems that kept it from being graded. I also like how the slab protects the coin. That is the only value I see in a slab but I must admit I have cracked a few out to put in my type set and will continue to buy and crack slabs on coins I am not comfortable grading or coins that I consider too expensive to buy raw.
Jim
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Valued Member
United States
285 Posts |
Except for helping to determine authenticity I don't feel it is that worth it personally.
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Replies: 35 / Views: 5,764 |
Posted 03/12/2011 09:30 am
