| Author |
 Replies: 57 / Views: 3,583 |
|
|
|
Pillar of the Community
Belgium
2078 Posts |
I never ever bought a slabbed coin in my life and I probably never will The coins I grade and buy stay in mylar 2x2's The coins I acquire for my friend we graded and he coffined but then again being a retired coindealer he probably got brainwashed One thing I do not understand is why you paid like 8000 dollars for all that plastic just to destroy it afterwords probably with like 10 000 to 20 000 in coin resale value Why not have bought unslabbed in the first place ? This is an open ended question from a European  |
|
Pillar Of The Community
3147 Posts |
And a darned good European if I may say so myself!!!
|
|
Moderator
 United States
23522 Posts |
TypeMaster, you are already doing the best thing to ensure proper survival of your collection after you're gone. Record in detail the nature and slabbed grade of each coin, including the pics in slabs, and make sure your survivors will have an accurate record of relative rarity and value. That information doesn't have to be current, it just has to be accurate as of a specifically-recorded date.
The only other thing you could do is to form a relationship with a dealer/executor whom you trust regarding liquidation, so your interests are properly represented after you pass. Such a deal should probably involve a consignment process, with someone who has an existing reputation for moving quality raw coins. There will be loss of equity in this process, of course, because the dealer should be properly compensated for his work, but I've seen many coins of considerable worth in your postings here. This leads me to believe that your survivors might best be served by a trustworthy professional.
As for the idea of cracking your coins, I couldn't be more supportive. Of perhaps 200 pieces in my own collection, the only slabbed examples are those which I purchased in the slab (excepting the two I've just received from NGC), and the only ones which are staying in the slab are those planned for turnover. In all, I might have 15 slabs in total. I am collecting somewhat differently than yourself, as a variety specialist, so there is a degree of churn to my holdings as I upgrade specific pieces and sell the ones replaced.
|
|
Pillar of the Community
United States
533 Posts |
I agree that doing whatever makes you happy with your collection is what you should do. Also, I agree that the feel of a raw coin is much more personally valuable that the dead clunk of a plastic holder. However, I do buy some slabbed coins because I am not yet comfortable grading some of my more valuable acquisitions. I figure that if I pay way to much for a raw $20.00 coin, then I am only out that much money. But if I blow a $500.00 grade because I want it raw, I am out a painful amount. I realize that the TPG's can be off in their grading, but I DO feel more comfortable with them as opposed to just me. In the future I hope to get better and more confident, but this takes time and practice, as well as all of the helpful information that some of the more experienced members of this forum can give. |
|
Pillar of the Community
United States
2269 Posts |
|
|
Valued Member
United States
223 Posts |
YES!!!! That answers a burning question in my mind, do I want any of my granddads or fathers coins slabed. I think not. Plan on buying some coins soon to fill some holes, but I'll buy what appeals to me. Bueaty is in the eye of the beholder, not the TPG companies. |
|
Pillar of the Community
United States
3234 Posts |
What were some of the most expensive and/or highest graded coins you broke out of the slabs? I think slabs have their purposes for being around, but I agree with your sentiment. I love displaying my coins in beautiful albums.
|
|
Pillar of the Community
United States
1083 Posts |
I have always loved the collecting aspect of numismatics. The old designs and my imagination as to the history of each coin in my collection. With the exception of two slabbed, old commemratives that I bought that way, all of my coins are raw. Nevertheless, I am retired and thinking of children and grandchildren. I also love the feeling of watching the bid price go up on coins I hold. I recently inherited my Mother's collection with a number of GSA Morgan dollara and other Morgans that will grade very high I believe. They are probably going to be slectively graded and slabbed in the future. My kids won't want them, but they will be able to get fair value that way. Also, who knows I may have to sell the whole thing someday to keep the wolf away. Sorry to ramble, but I guess the joy of collecting coins for me has both an intrinsic side as well as the investing aspect. Peace. |
|
Valued Member
 United States
224 Posts |
quote:
Originally posted by ageka
I never ever bought a slabbed coin in my life and I probably never will
The coins I grade and buy stay in mylar 2x2's
The coins I acquire for my friend we graded and he coffined but then again being a retired coindealer he probably got brainwashed
One thing I do not understand is why you paid like 8000 dollars for all that plastic just to destroy it afterwords probably with like
10 000 to 20 000 in coin resale value
Why not have bought unslabbed in the first place ?
This is an open ended question from a European
90% of the slabbed coins were purchase in the slab and I never paid above what a coin itself was worth. Never the plastic, even though lots of dealers will attempt to factor that cost into their price. |
|
Valued Member
United States
224 Posts |
quote:
Originally posted by Metalman
quote:
Originally posted by TypeMaster
quote:
Originally posted by Metalman
Hi TypeMaster
All of my coins are Raw except one ,,which was given to me by another forum member along with receiving the perpetual set,, that coin will stay in the slab in my collection as special !!
Congratualtions on your new found freedom !!
And welcome back to the world of the Raw coin Lovers !!
Rick
Hey Rick. Are you a McIntosh? I am asking because of the signature.
Yes Sir Iam !!
My crest Badge is in my avatar along with my tartan colors !!
Interesting that you would know the Motto ,, are you familiar with the McIntosh Clan ?
Rick
Not really familiar with the Clan, but liked your signature and looked it up on the web. I have traveled a lot to Scotland / Ireland and the UK. Makes me wish everytime I go that I was from that region. |
|
Valued Member
United States
224 Posts |
|
|
Moderator
United States
23522 Posts |
If you do not travel your own path in life, you are going where someone else wants you to.
|
|
Valued Member
United States
224 Posts |
quote:
Originally posted by SuperDave
TypeMaster, you are already doing the best thing to ensure proper survival of your collection after you're gone. Record in detail the nature and slabbed grade of each coin, including the pics in slabs, and make sure your survivors will have an accurate record of relative rarity and value. That information doesn't have to be current, it just has to be accurate as of a specifically-recorded date.
The only other thing you could do is to form a relationship with a dealer/executor whom you trust regarding liquidation, so your interests are properly represented after you pass. Such a deal should probably involve a consignment process, with someone who has an existing reputation for moving quality raw coins. There will be loss of equity in this process, of course, because the dealer should be properly compensated for his work, but I've seen many coins of considerable worth in your postings here. This leads me to believe that your survivors might best be served by a trustworthy professional.
As for the idea of cracking your coins, I couldn't be more supportive. Of perhaps 200 pieces in my own collection, the only slabbed examples are those which I purchased in the slab (excepting the two I've just received from NGC), and the only ones which are staying in the slab are those planned for turnover. In all, I might have 15 slabs in total. I am collecting somewhat differently than yourself, as a variety specialist, so there is a degree of churn to my holdings as I upgrade specific pieces and sell the ones replaced.
I have to admit that I a very surprised by the support that I have received on this forum in doing this. I really thought that I would need to defend my decision and was ready to do so. Anyway, the deed is done and the plastic is now on its way to the local recycling center. I appreciate all the supportive comments and even the questions from those who posted them. On to the better life of a collector. This is something I hope to pass down to my son. One thing is for sure, he will have an excellet collection to start him off.  |
|
Valued Member
United States
383 Posts |
I agree with you also. I have recently, couple months now, been selling off my registry sets. I realized I was collecting what someone else put on a list, while paying top dollar because they said it was a certain grade.
Now I am focusing on mt raw Lincolns in my Dansco. This was the first set I started and the one I always enjoyed.
|
|
Pillar Of The Community
3147 Posts |
SuperDave your answer is sooooooo true! All advertising and hype are based on the "herd" mentality. Finding peace in YOUR own endeavors and decisions are far more rewarding than being just another lost sheep in the herd! I buy what I want ALL the time not what someone else WANTS me to buy! Works well for me as I have seen a great number of hyped issues drop like a rock a few months after the hype dies, many below issue price, so I try to avoid the entrapment of advertising!
|
| |
Replies: 57 / Views: 3,583 |
First Page
Posted 12/03/2006 09:37 am
Typemaster. I personally hate the size and shape of slabs. They are clunky and some are downright ugly. I believe they are the most impersonal way of collecting. Although I am not as ready as you are to crack them all open. They offered me a bit of insurance when purchasing. So good for you, there is nothing better than being able to hold a coin in your hand.
