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Certified vs uncertified gold bullion coins, at the same price.

CoinHoarderCoinHoarder Posts: 2,374 ✭✭✭✭✭
edited July 4, 2023 5:46AM in Precious Metals

Consider that you are choosing between two identical bullion gold eagles, same date and condition.

Also consider that one of the coins is raw, and one is certified.

Also consider the price is exactly the same for a PCGS/NGC certified MS69, and the raw coin.

All things being equal, which coin would you buy? The raw coin? Or, the certified coin? Why?

I would buy the certified coins every time.

Reasons:
Knowing that my coin is not counterfeit.
Protection of the coin.
I would also think a certified coin would be easier to sell when the time comes.

Comments

  • johnny9434johnny9434 Posts: 27,310 ✭✭✭✭✭

    I'm going with what you said above. Makes sense to me

  • derrybderryb Posts: 36,014 ✭✭✭✭✭
    edited July 4, 2023 7:55AM

    what would your future buyer prefer?
    always buy with resell in mind.

    However, you are likely to always find an ungraded gold coin somewhere for less than an MS69.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @CoinHoarder ... If you are purchasing for your personal collection, I agree with your reasoning.
    Cheers, RickO

  • blitzdudeblitzdude Posts: 5,282 ✭✭✭✭✭

    @CoinHoarder said:

    Reasons:
    Knowing that my coin is not counterfeit.

    The certified yes but keep in mind PLENTY of counterfeit coins and counterfeit holders out there. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    All good points above.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MWKMWK Posts: 57 ✭✭✭
    edited July 9, 2023 10:37AM

    @CoinHoarder said:
    Also consider the price is exactly the same for a PCGS/NGC certified MS69, and the raw coin.

    This is a really peculiar condition. It makes zero sense to not purchase the certified coin over a raw coin if the coins are all exactly the same (MS69) and selling at the same price. A person who prefers a raw coin could always break a certified coin out of its plastic casing.

    Purchasing the certified coin gives an added layer of verification that the coin is graded properly and not a counterfeit. Beyond that, there is likely going to be better liquidity and a (marginally) higher selling price in the future.

  • jmski52jmski52 Posts: 22,263 ✭✭✭✭✭

    A raw coin always has the potential to be graded a 70, which offsets the added layer of certification provided by being graded a 69. The market price for a 70 is what dictates whether or not the cost of certification is worth the gamble.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Zach98Zach98 Posts: 52 ✭✭✭

    @derryb said:
    what would your future buyer prefer?
    always buy with resell in mind.

    I agree 100%. A slabbed coin will always be easier to sell. Personally I will always prefer a slabbed coin.(Unless it is a details coin)I would pay a small premium for a slabbed coin over an unslabbed one.

  • dcarrdcarr Posts: 7,882 ✭✭✭✭✭

    A coin that has the original mint packaging with it will usually sell for a premium above one that does not.

  • joelazjoelaz Posts: 9 ✭✭

    Excellent points above, esp. the one concerning what potential future buyers would want. I'd take the certified every time.

  • Mike59Mike59 Posts: 294 ✭✭✭

    I buy both but prefer raw bullion. When buying pre-1933 gold I buy graded because I’ve bought some over-graded raw coins when I started.
    Mike

    MIKE B.

  • CoinHoarderCoinHoarder Posts: 2,374 ✭✭✭✭✭

    I have bought generic "raw" bullion gold eagles from trusted nationally known dealers. No problem with that.

    With some searching, at times, I find certified coins that are cheaper, the same, or a few dollars more than an identical raw gold coin.

    However, I would NEVER buy a collectible gold coin that is not certified by a major grading service.

    REASONS:

    • I do not have the skills to absolutely be sure that a "raw" gold coin is not counterfeit. I am not willing to take that chance.
    • Also, when the time comes to sell, more people like me, would be comfortable with the assurances that the coin was deemed genuine and has a grade or is ungradable details.
  • blitzdudeblitzdude Posts: 5,282 ✭✭✭✭✭

    @dcarr said:
    A coin that has the original mint packaging with it will usually sell for a premium above one that does not.

    Yup even the fake ones. LoOL!

    The whole worlds off its rocker, buy Gold™.

  • GoldFinger1969GoldFinger1969 Posts: 1,149 ✭✭✭✭

    @CoinHoarder said:
    However, I would NEVER buy a collectible gold coin that is not certified by a major grading service.
    REASONS: I do not have the skills to absolutely be sure that a "raw" gold coin is not counterfeit. I am not willing to > take that chance. Also, when the time comes to sell, more people like me, would be comfortable with the > assurances that the coin was deemed genuine and has a grade or is ungradable details.

    Excellent points. The simple fact remains that unless you have a very unique coin that is sought after by large numbers of well-informed, savvy dealers/collectors....the liquidity and time to sell a non-certified coin can be days or weeks or even months.

    Certication increases liquidity DRAMATICALLY especially because even if your buyer is willing to take on a raw coin, he or she probably will submit it at eventually. So having it already certified saves time and expens.

  • streeterstreeter Posts: 4,312 ✭✭✭✭✭

    I can relate a story.

    Talking to a SoCal dealer several years ago about a customer who brought in a handful of eagles bought raw of of ebay. Never had them tested. Several years go by, Goes to pay for a new roof, brings them to the dealer....all fake.

    Certified 69 and numbers verified 100% of the time. Too much hanky panky in the coin market.

    Have a nice day
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