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 Replies: 22 / Views: 2,770 |
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Valued Member
United States
466 Posts |
I had one coin in my life sent out to be slabbed. When it came back I recall it saying something like the grade wasn't guaranteed and only the fact that the coin is genuine is guaranteed. I see a lot of people taking the grades on the slabs very seriously and taking them as fact. Should you? I think it's important to look at the coins and grade yourself but it seems like people just grab up something because of what the slab says. Is the grading more important and dead on correct when the coin is almost perfect rather then a mid grade coin? Just curious. Thanks  Edited by googoo
08/05/2011 07:48 am
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Pillar of the Community
Canada
1554 Posts |
 If you suspect a coin has any kind of problem whatsoever, DO NOT get it slabbed. It will be body bagged or tagged as a problem coin which will drastically reduce the value. You would be better off selling the coin with no reserve on E-bay after posting good photos and letting the coin community decide it's value! Also, when purchasing a slabbed coin, always do it by the rule: "buy the coin, not the holder"! Glenn  |
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Moderator
 United States
23522 Posts |
Graders are human. I trust them to the extent that I trust any human to be perfect, every time. Which is to say, not so much. The higher the grade, the less my trust - MS grades are practically a crapshoot at one-point splits.
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Valued Member
 United States
466 Posts |
Glenn I didn't mean getting a coin slabbed
I mean when someone goes to buy a coin they look at the grades on the slabs and either ohh and ahh about the grade or walk away without a second look
I thought the grades were not guaranteed by the certifying companies
just wondering how people view the grades on the slabs that is all
based on things I have seen it seems people take them about 100 percent into account
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Bedrock of the Community
United States
20753 Posts |
I USED to think a graded coin was what it was. I never thought of graders making errors. Then I started seeing coins that I, and I'm a lousy grader, would never have put what they put on that for a grade. Then too the constant flow of counterfeited slabs from China with either garbage coins or faked coins inside too made me reconsider. Worse yet was a few years ago a dealer at a coin show showed me a slab he had opened, taken out a Nickel, put in a really horrible Dime, reclosed and sealed. I looked and could not tell how he did that. I wonder how many others too do that for real. I now think a slabbed coin is just as suspect as a raw one today. |
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Bedrock of the Community
United States
17884 Posts |
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I thought the grades were not guaranteed by the certifying companies The top companies DO guarantee their grades, to the extent that if you resubmit coins graded by them, still in the holder, and they change their mind and lower the grade they will compensate you. The companies that do this are PCGS, NGC, ICG, ANACS, and SEGS. However none of them will guarantee that someone else will agree with the grade they assign. |
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Valued Member
United States
466 Posts |
so they stand by their grades, but no one elses lol grading is a very very touchy subject thats why when I see people selling things even on ebay it makes me wonder the pictures are not very clear but you can see MS-64 or something on the slab and people buy then say they have an MS-64 coin, without even looking at the details of the coin themselves. In person it worries me even more that people really have no care at what they are buying they just take the word of the graders a cool way to see the differing views on grades is to look in the grading section of the forums. Everyone is close usually, but the grades all differ a bit. For the companies to slap a grade on the coins and people to jump all over seems silly especially when the difference people are charging from one grade to the next can be a decent amount of money |
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Valued Member
United States
406 Posts |
I can definitely see what you are saying about how people grade coins differently, and that TPG staff are as human as anyone else, but isn't the whole TPG industry, and a major part of the hobby as a whole, based around the assumption (as opposed to fact) that these grading companies know what they are doing and that their grades have some amount of validity? If no one gave weight to their grading, then what's the point of even having them? |
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Pillar of the Community
United States
3592 Posts |
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Also, when purchasing a slabbed coin, always do it by the rule: "buy the coin, not the holder"! Pretty good reason to avoid slabs and learn the hobby  |
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Valued Member
United States
466 Posts |
if you got rid of believing the grade of the coin you would still have the slab to know what you have isn't a fake. The slabs would thus always have a point. I just think they shouldn't be so concrete for people thats all.
The grades are on the slabs and thats fine and dandy but I guess it gets me when most of the people have no idea what makes there coin the grade it is, and they just take into account what the slab says, which could be right on, or could vary by a slight margin higher or lower. The slabs are great, like I said I only sent one coin, but I did send a coin out to get slabbed. I will never crack it out of the slab even though it would fill a hole in my dansco but I don't really look at there grade. I would've graded the coin AG- G4 and they graded it G6
I like the fact that they graded it in my opinion high so I can sell it to a grade shopper but idk it seems wrong to sell it like that.
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Pillar of the Community
Canada
1554 Posts |
 I pretty well must rely on slabs because ALL the coins I buy are on-line, therefore the trust factor for me is better when a third party is involved. I also occasionally sell on-line (E-bay)which eliminates takes a lot of the guess work out for potential buyers. There is only one coin shop in my Province and the dealer sells at 80-90% trends. I can easily buy the same high end pieces at 40-60% trends on E-bay which is why I buy T.P.G. graded material rather than raw. Hard to get the nerve to spend $1,000.00 + on a coin when scans are not always that good. It's currently a buyers market for Numismatic material since everyones attention is focused on bullion. Glenn |
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Bedrock of the Community
United States
19931 Posts |
For the most part all of the major TPG's do a good job with their grades. Are they always right? NO! All experienced collectors find slabs they disagree with....even the TPG's often disagree with themselves and the others. Nonetheless, this is something we have to live with which is why everyone says "buy the coin". What TPG's usually miss on is color and toning. Due to the prevalence of altered, AT and recolored coins on the market, they are far too quick to dismiss coins in the interest of saving face. It has come to a point that all coins they slab must meet certain criteria for look or it's bagged with a reason of their choosing. Does that mean your coin is "bad" or has a problem? Definately not! Of course this doesn't apply to obviously altered coins, but they are rejecting far too many natual, unaltered coins these days IMO. |
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Moderator
United States
187702 Posts |
Quote:
Pretty good reason to avoid slabs and learn the hobby I agree with that. Quote:
... you would still have the slab to know what you have isn't a fake I have to agree with this as well. For me, this the only value of a slab. I might be able to justify paying extra for this bit of knowledge (when applied to a key date), but certainly not for the grade printed on it. |
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Valued Member
United States
244 Posts |
IMO, the top 3 do pretty well on their grading. At least, of the few slabbed coins I've seen in person, I agreed with all the listed grades, +/- 1 grade level for the MS ones (which I'll attribute to my own inability to distinguish grades at that level). As far as whether to buy slabbed or raw, it comes down to how much it's going to cost you. What you're buying with the slab is a few cents of plastic and the opinion of a 3rd party. That opinion can count for something in 2 cases: first, you're buying from a place like ebay where you don't get to see the coin in hand, and second, when you're trying to sell in a place like ebay. |
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Pillar of the Community
United States
3540 Posts |
I don't believe any of the grading services are harsh enough on coins with problems. IMHO, most, but not all, toned coins are a problem coin. The toning occurred for a reason. True end roll toning can be absolutely stunning and beautiful.
Spotted, fingerprinted, bag marks, circulation marks...are not MS coins.
Again....my humble opinion.
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Valued Member
United States
404 Posts |
I sent out my 1807 Capped Bust Half to NGC, it came back as 1807 Draped Bust. Had to go back and forth with them several times before they actually realized they were wrong. I still don't agree with their grade on it and the other 4 coins I sent with it(this isn't a wahhhh I want a higher grade to make my coins more valuable comment).
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Replies: 22 / Views: 2,770 |
Posted 08/05/2011 07:48 am
