will raw coins become extinct?

coindaughter

Especially in MS. If slabbing continues at the pace it is, will raw coins become a thing of the past? And in that case, will raw coins eventually become more desirable, rarer....and fetch a higher price??

dorkkarl

heck no. there are only about 6,000,000 slabs in existence (i've heard from "experts"), must be at least 100 billion unc coins out there. they got a LONG way to go.

K S

Coulport

Do you have an opportunity to go to a coin show?
I would estimate that 90% of the coins offered are raw. I don't see that changing measureably for some time.
Now e-Bay is an entirely different animal when it comes to coins where slabs are the norm. Course that could be due to moderns where most are traded.

jom

One hundred billion raw coins times $25 dollars a slab. Hmmm...sounds like a lot of revenue for PCGS. Maybe I should buy their stock. lol

jom

crito

coins themselves will probably become extinct. the government wants everyone to use plastic, so they can track your spending, for security purposes, of course.

nwcs

Eventually first world nations would move away from hard currency. That trend has been going on for a very long time. But I doubt that slabs will ever dominate raw coins. And, even if it became so, all it takes is a few tools to solve it.

Neil

ARCO

I sure hope not. Mint state coins present a special dilemna because of the price and subjective nature of grading. Circulated coins for the most part need not be slabbed as knowledgeable collectors can determine originality and grade quite well.

I free all circulated coins from slabs and have the utmost confidence from experience selling them that with a nice fat scan and honest description on Ebay the coins sell just as well.


Tyler

michael

for me in what i like and what i like to see and within my speciality even if the coin is slabbed it is still a raw coin market and to me every coin is raw!
and you see it everyday in the pricing among exact same coins in the same holders with the same grades designations! even some coins in lower graded holders selling for much much more than higher graded examples!

for me the coin market currently boils mostly down to slabs ngc/pcgs and their great way of giving you a STARTING POINT in valuing a coin and in terms of a grading guarantee and expertise of the best graders looking at a coin and telling you it is market acceptable WITH a specific grade/designation and then putting it into a nice great tamper resistant storage protective holder

i mean the services and the system will never be foolproof grading is not a science but an art and then you factor in the human side of playing the coin game.....lol BETTER WATCH OUT........lol

BUT OVERALL IT IS THE BEST SYSTEM WE CURRENTLY HAVE AND FOR ME THE SERVICES HAVE BEEN MORE POSITIVE THEN NEGATIVE FOR THE COIN GAME!

all right to me it is a very fun thing this coin "hobby" but if you play just make sure you know and understand what you are getting yourself into as it is basically a no holds barred thing and nothing wrong with that as that is the way it has always been and always will be and should be!!

as it is a hobby !!!!!!!!!!!

NOW IF YOU CONSIDER COINS ANYTHING MORE THAT (JUST A FUN HOBBY) THAT IS GREAT
JUST MAKE SURE YOU UNDERSTAND AND REREAD THE ABOVE MANY TIMES BEFORE COMMITTING YOURSELF TO ANYTHING OTHER THAN JUST A FUN HOBBY! KNOW WHAT you ARE GETTING YOURSELF INTO AND do not wail and nash your teeth or blame anyone or any company grading or otherwise if it doesnot come out like you expected it to! as you had too many expectations to begin with!


sincerely michael

dorkkarl

i prefer to think that plastic has been great for the "business" side of coins, but i doubt it's truly had a postiive effect on the "hobby". personally, i care more for the hobby than the business.

i suspect slabs, at least in their currnet format, will become extinct LONG before raw coins do.

anybody want to buy my pet rock? how's about a mood ring?

K S

ARCO

Perfectly said Michael!!

Tyler

kieferscoins

<< <i>anybody want to buy my pet rock? how's about a mood ring? >>



How long were pet roicks and mood rings around? a couple of years? Slabs have been around alot longer and I don't think their popularity is diminishing.

Cameron Kiefer

dorkkarl

dunno dude. i doubt that many pet rocks have "vanished", though they may have gotten tossed back on the rock pile where they belong. see the analogy for slabs?

K S

Placid

I doubt raw coins could become desirable, rarer....and fetch a higher price because it's very easy to remove a coin from a slab.

dorkkarl

hey placid, believe me a raw bust coin or lettered-edge is way more attractive to a nut then one a slab, because the plastic hides 1/3 of the coin (edge). please note that i said the "current format" of slabs. i submit that 10 years from now, industry standards may change, and slabs may be a lot more functional then they do now.

K S

DHeath

Hey NWCS,

Isn't your signature line the prelude to the intercession in greek? (Romans 8)

swissmiss45

could one of you kind forumers (a real word?) tell a new arrival what a raw coin is & what slabbed means? I am trying to learn the language from just reading, but it isn't working. Thanks
swissmiss45

DirtroadRider

Karl
Maybe they could make a slab so the center of the slab could be rotated. That way you could see the lettered-edge. You know the ole rotating center slab trick...

cladking

No, forumer is not a real word. We often refer to ourselves as members.
A slabbed coin is one which has been graded and encapsulated in plastic.
A raw coin is one which is not sealed in plastic.

dorkkarl

... and a nice coin is 1 where you can see all 3 sides!

K S

dorkkarl

2 coins that come to mind are the kentucky token (a colonial) where you can't attribute it w/out seeing the lettering on the edge, also the 1797 half-cent w/ lettered edge, which is much rarer and more valuable than the plain edge.

K S

RLinn

Slabs seem to have provided two worthwhile benefits, 1) they help reduce the number on additional fingerprints growing on coins (I know, I know, some will comment on the fingerprints added during slabbing) and 2) they have helped to reduce the number of edge dings from inadvertent drops to hard surfaces. They have also most assuredly added to the number of "Raw Collectors" who have not received the grade they thought their coins deserved when graded.

dorkkarl

"benefits" 1 & 2 are nothing over and above simple 2x2's! a heckuva expensive "benefit"!!!

K S

kieferscoins

Raw coins will never become extinct becasue the cost of slabbing outweighs way to many of the coins bought and sold every day. Now coins over $200.00 will they become extinct to the slab? That may happen, but not for a long time.

Cameron Kiefer