@jmlanzaf said:
It's a myth that a graded coin is worth more than a raw coin. It is easier to sell the graded coin. But an AU Morgan $ has the same value in or out of the holder.
Well, if the value is what buyers are willing to pay, apparently the value is higher for slabbed coins.
The value is not higher. What differs is usually the perception of grade or a "risk premium" for a sight unseen transaction. But if buyer and seller BOTH agree that the coin is an AU50 1883-O Morgan $, there is no price difference per any price guide.
Perception is reality.
If something is easier to sell and you consider time and the cost of money valuable a slabbed coin is more valuable than a raw coin. If I can turn a coin I paid $100 for and sell it for $120 in one day because it's slabbed and easier to sell it's more valuable than the $100 raw coin that sits in inventory for a year unsold but eventually gets sold for $120.
Assumes facts not in evidence.
If I can sell the same coin raw in one MONTH for $100 and you have to spend $40 and 2 months to sell it slabbed for $100 in 2 months plus one day, you've lost $40 and 1 month.
A $100 coin is $100 coin. Or is that too complicated?
No assumed FACTS but a realistic scenario. The longer you hold a coin the more that coin cost. You’re tying up dollars, space possibly advertising cost, interest, etc. for every month you hold that inventory. You gave on narrow example but my scenario was to be take so narrowly given the coins in question can be $100 coins or $10,000 coins. This is sales 101 and I’m surprised someone in business doesn’t seem to understand this.
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
In our grading class, we teach our students to consider buying raw coins at shows, particularly if it is not of tremendous value. If they like the coin and believe it is priced correctly, then buy it. I've been at shows where former students have come up to me and proudly shown a raw coin that they just bought with the comment that they never would have had the courage to buy that coin before. The vast majority of the time, the coins bought are problem free.
I think providing high-quality images goes a long way in facilitating any profitable sale. Nice coins under, say, $300 can be sold raw without any kind of discount. If the coin is a dog, slabbing it only cuts into an already discounted price. If the coin is PQ, a clear image will help it sell at a premium, even without the plastic.
Rotating a coin into alignment in a PCGS holder is very, very easy, you just have to get very aggressive
In my shop I have a large vibrating bowl w/lid that I put parts in. I just turn that sucker on (with the lid in place) and put the corner on it and that coin will move faster than a second hand on a watch!
In my personal experience you can use pretty much anything that vibrates to get that coin centered again😊🤣😳
Comments
I thought you were talking about situations where buyer and seller agreed on the grade and they were presumed to be correct.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I only have toned coins... I try to buy raw and sell slabbed.
I was.
No assumed FACTS but a realistic scenario. The longer you hold a coin the more that coin cost. You’re tying up dollars, space possibly advertising cost, interest, etc. for every month you hold that inventory. You gave on narrow example but my scenario was to be take so narrowly given the coins in question can be $100 coins or $10,000 coins. This is sales 101 and I’m surprised someone in business doesn’t seem to understand this.
In our grading class, we teach our students to consider buying raw coins at shows, particularly if it is not of tremendous value. If they like the coin and believe it is priced correctly, then buy it. I've been at shows where former students have come up to me and proudly shown a raw coin that they just bought with the comment that they never would have had the courage to buy that coin before. The vast majority of the time, the coins bought are problem free.
I think providing high-quality images goes a long way in facilitating any profitable sale. Nice coins under, say, $300 can be sold raw without any kind of discount. If the coin is a dog, slabbing it only cuts into an already discounted price. If the coin is PQ, a clear image will help it sell at a premium, even without the plastic.
Matt Snebold
In my personal experience you can use pretty much anything that vibrates to get that coin centered again😊🤣😳