Low value slabbed coins

Pdlpsher · January 25, 2005 4:47AM

Hi,

I'm a new member although I'm not new to coin collecting. Can someone give possible reasons to why I see slabbed coins that are selling at less than the TPG fee? On a different but related topic...do you have a coin value threshold that you use for deciding whether or not to submit a coin? I have many coins worth in the $20 to $50 range and I'm having a hard time justifying of sending them to ANACS's economy service ($10 per coin). Thanks.

Ebay Link here. The Seller of this slabbed $7 coin says it has just been graded. 6 are available!!

Jonathan

EvilMCT · January 25, 2005 4:49AM

Welcome to the forums. I have no idea why anyone would slab a low valued coin. Then again, I've never bothered having any of my coins slabbed.

Ken

Scavenger · January 25, 2005 4:55AM

More than likley the guy sent these in to be graded and they didnt grade as high as he had hoped-
Now he's just trying to recoup some of his grading fees

Trooper · January 25, 2005 4:59AM

Some slabs are PVC cool!!!!

Some folks who really are just starting out may end up with low ms slabbed coins. I know I did. Now I really take my time double checking my grades with known(stare and compare) coins.
Tom

flaminio · January 25, 2005 5:01AM

<< <i>Can someone give possible reasons to why I see slabbed coins that are selling at less than the TPG fee? >>

Several reasons:

1) The coin didn't get the grade the submitter expected. This happens a lot.

2) The submitter has some sort of "bulk" deal, and gets a better price than us mortals. So, even at $7 apiece he might be making a profit.

3) The submitter is putting together a set of some sort in matching slabs. Some coins are expensive and obviously worth the slabbing; others not -- but to have the set match all need to get into slabs.

Millertime · January 25, 2005 5:05AM

I've been buying PCGS slabbed coins on eBay for under $5. I'm building a couple of registry sets, with completion as the goal (not score). My State Quarter set is about 25% complete with the highest price one costing me $5.25 in grades from MS64 to MS66. I bought a State Quarter for $1.04 + $1.33 s&h last night.

Millertime

CarlWohlforth · January 25, 2005 5:21AM

That is cool Millertime!

I'd have to guess folks were going for higher grades than MS 64 for a State Quarter.

Millertime · January 25, 2005 5:33AM

I also bought a 1946 wheatie penny for $1.46 in AU-58. I still can't figure out why someone would have slabbed that, even my 11 year old can tell it's not MS quality. I only bought it because it was really cheap and I was trying to decide if I liked the PCGS slabs, which I do.

Millertime

Pdlpsher · January 25, 2005 5:34AM

Cool! $1.04 + $1.33 s&h. He might as well give the coin away for free and charge $2 for shipping

Jonathan

relayer · January 25, 2005 5:40AM

Man, if I could get $7 for my slabbed coins I'd be sitting pretty.

The problem is, I don't get any $500 slabbed coins to offset it

flaminio · January 25, 2005 5:46AM

<< <i>I also bought a 1946 wheatie penny for $1.46 in AU-58. I still can't figure out why someone would have slabbed that >>

Another reason for low-valued slabbed coins is for people putting together grading sets.

Let's say you're looking for a 1914-D in AU58. If you have a common one already slabbed as such for comparison, it might make the hunt that much easier.

Millertime · January 25, 2005 5:47AM

<< <i>Man, if I could get $7 for my slabbed coins I'd be sitting pretty. >>

If you have PR69DCAM Kennedy's I'd buy them for $7. I've found a couple of Kennedy's in that range plus a few 69DCAM Jefferson's and Roosevelt's for a little less. Talk about nickel and diming your way through the coin budget. I have to quit looking at eBay when it gets near the end of the month so I don't wipe out the next month's budget.

Millertime

Pdlpsher · January 25, 2005 5:47AM

Can someone tell me if I can recover my TPG fee upon selling the coin on a $40 coin? Let's say my TPG fee is $10.

Is there a coin price publication that shows prices for both raw and certified coins?

Thanks.

Jonathan

Colorfulcoins · January 25, 2005 5:50AM

They are also collectors like myself that ONLY slab low grade coins - and by low grade, I mean coins at the Poor-1, Fair-2 and About Good-3 levels. I do this because low grade coins are generally cheaper than high grade coins, though extremely low grade coins can be pricey due to rarity (wierd, huh). A 1793 chain cent in poor-1 cost about $1000 which seems a lot till you realize a good-4 example might be $5000 or more....suddenly the PO01 coin looks cheap by comparison.

Having said that, I did spend over $100 to buy a common 1963-D lincoln cent in PCGS Good-4.........which seems crazy (and probably is) but finding a memorial cent in low low grade is really tough.

I've also spent $20 to put a 1943-P Jefferson Nickel I bought for 45 cents into a PCGS slab graded AG3.....its all part of having the lowest graded 1792-1964 type set.

Now, why someone would spend $20 to put a common date XF45 or AU50 lincoln (for example) into a slab, ya got me - but perhaps someone has a reason!

misterR · January 25, 2005 5:58AM

A company that specializes in those type of slabbed coins. Cheapslabs.com

CarlWohlforth · January 25, 2005 6:18AM

<Is there a coin price publication that shows prices for both raw and certified coins?>

You can search for completed auctions on eBay. That will give you a very good idea on prices.

Low value slabbed coins

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