Slabbing proofs?
Whomeyeahyou
Posts: 4
Here's a question that may be somewhat silly, but I haven't run across anything like it by searching the archive. I understand the benefit of slabbing very high-grade uncirculated coins, but would there be similar benefit to slabbing a modern proof coin that wasn't relatively rare (as opposed to, say, an '81-S Type 2 SBA)?
It would seem to me that single proof coins (including silver commemoratives) that come encapsulated and in the little velvet cases from the Mint would be of very high grade to begin with and certifiably proof, but yet they're seen here and there slabbed. Is this just people spending slab money needlessly on modern coins, or is there a method to this madness that sort of escapes me?
It would seem to me that single proof coins (including silver commemoratives) that come encapsulated and in the little velvet cases from the Mint would be of very high grade to begin with and certifiably proof, but yet they're seen here and there slabbed. Is this just people spending slab money needlessly on modern coins, or is there a method to this madness that sort of escapes me?
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Comments
The answer is it depends what you are trying to do. The answer is clearly no if you just want a nice example of the coin for your own collection. As you state, the coin is already in a protective holder. "Most" modern proofs are PR68DCAM or better (less some of those lately that are weak on the cameo!), and as long as you keep it in a humidity & temperature controlled environment, you should be good-to-go.
If you feel a need to have a near perfect coin that can be entered into a registry set, get them slabbed or buy them already slabbed.
Trying to make a profit re-selling can be another reason to slab.