Why slab common modern coins?

coinpictures

I'm curious, since I see a number of people doing this; people slabbing large numbers of common or semicommon post-1960 darkside coins.

Doesn't it get expensive slabbing "pocket change" coins, even UNCs that are relatively low-value coins?

Why do this?

1. You like to have all the coins in your collection slabbed/protected.

2. You're hoping for that MS68/69/70 that can be sold/traded to pay for all the others.

3. Other?

Is there some ultracheap slabbing program that I'm unaware of? Even using ANACS' cheapest rates, you're going to end up paying at least $10 per coin to slab them. Given some of the batches I see people sending in, I'm wondering how people get a return on their slabbing investment.

What am I missing?

Thanks,

-Dan

lordmarcovan

There are a variety of reasons folks do that.

I personally don't, but some like submitting stuff, I guess.

If it is a modern "pocket change" coin, chances are, there isn't much invested in it, so the downside risk is usually pretty low.

rhound1977

Cause you want to?

Compa

You hit most of the reasons. I was somewhat anti-slab but have since been won over by them.

My main reasons were:
protection - as good or better than using AirTites
appearance - a good looking holder and nicely labeled
liquidity - fewer worries about my estate getting ripped off too bad when selling the collection

I use ANACS for my Canadian and Mexican stuff - PCGS for my US collection

Also, you refer to common and semi-common post 1960 coins being slabbed - they may be common dates but the condition is, in many cases, what makes them rare!

tonyhar

I have been posting modern grades because I am still waiting from July for older ( PCGS ) submissions to be completed!

theboz11

<< <i>I have been posting modern grades because I am still waiting from July for older ( PCGS ) submissions to be completed! >>

1jester

I suspect that in many cases, these "pocket change" coins are in fact quite scarce in top grades. Specifically, MadMarty's submissions come to mind. Virtually every coin I've seen him post in the past year is a quite unusual, albeit modern (usually post-1950) Darkside coin. But I seriously doubt anyone could find them in pocket change except in the year that they were produced, hence I believe the argument for slabbing these coins is quite sound (if you're into sl*bs at all).

theboz11

I have not submitted them but I have several Lions that have mintages well below 1000,and after 1960,,Slab for protection is a must on some.

Steve27

I think you're beginning to see Registry syndrome.

canadiancoinguy

Some people like to gamble, and are willing to spend good money are a frequent basis to hope that their cent comes back a 67 or what else. Personally, I find it to be silly, but hey, I'm not the one to judge.

trozau

because you can

cladking

There are a lot of moderns that are extremely common. Most of these are common only in
circulated grades but many are even common in unc or gem. I may be mistaken but it seems
highly improbable that many of these coins are being slabbed. All of them have very low cat-
alog values and are easily obtainable.

There are many post-1950 world coins that are virtually impossible to find. In some cases
the coins were recalled and melted and are not frequently seen. In most cases the coins can
be found without undue effort but only in circulated condition. Large numbers of moderns were
simply able to escape collector attention and have been worn down &/ or destroyed. The list
of such coins is quite long and involves thousands of types and dates. Many of these still have
very low catalog values.