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Counterpoint: I love slabs, love them, love them, love them
RYK
Posts: 35,788 ✭✭✭✭✭
I like the way they feel in my hand. You can hold a tiny coin like a quarter eagle or dime, but in your hand, the coin has the same bulk of a double eagle or silver dollar.
Without careful inspection of the coin, you immediately know the date and (approximate) grade. This helps a lot on the bourse, as the writing on the slab is clearly and uniformly marked and legible.
I like the way the PCGS slabs stack--very cool.
I would never want to go back to the old way. You know, when you buy the raw coin, it is an MS-65 gem, but when you go to sell, it is AU, probably cleaned, etc.
Without careful inspection of the coin, you immediately know the date and (approximate) grade. This helps a lot on the bourse, as the writing on the slab is clearly and uniformly marked and legible.
I like the way the PCGS slabs stack--very cool.
I would never want to go back to the old way. You know, when you buy the raw coin, it is an MS-65 gem, but when you go to sell, it is AU, probably cleaned, etc.
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Cameron Kiefer
Self Indulgence | Holey Coins | Flickr Photostream
<< <i>I would never want to go back to the old way. You know, when you buy the raw coin, it is an MS-65 gem, but when you go to sell, it is AU, probably cleaned, etc. >>
Hmmm... I've had dealers try this on slabbed coins. "Nahh, this would never pass as a 65. Even looks like it's been cleaned. NGC must have been sleeping the day they graded this."
I should have mentioned this first. Aside from all the grading controversies, the sheer physical protection of the slab makes me far more comfortable buying coins in the price range that I would not consider before slabs (I think).
I've had dealers try this on slabbbed coins. "Nahh, this would never pass as a 65. Even looks like it's been cleaned. NGC must have been sleeping the day they graded this."
Yes, but so they knock your 65 to a 64, not a cleaned AU. Big difference. And chances are if it is slabbed as a 65, unless it is a gross error, another buyer will recognize it a 65.
Somehow, throwing a gem across the bourse that's in a slab doesn't have the same effect that throwing a raw one did though
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Yup, the raw ones use to skip. Ya' can't do anything with this plastic stuff. >>
And the look on the face of the person who handed you the coin and asked " are you interested and how much" and then saw it go ZINGO, ......then a pause, and "I'll take it".
Priceless
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
of course, disposing of the plastic shards gets annoying, but hey, that's what landfills are for!
K S