How many nice coins have been made unsalable by slabbing?

291fifth · September 30, 2005 7:25AM

I was at my local dealer this week and was looking at some of his slabbed gold. Two coins caught my eye; one was a very nice 1855 $1 gold in XF40 and the other was an equally nice 1874 VF20 $3 gold. Both coins were original and had very nice surfaces for the grade. Unfortunately, both of these nice coins were slabbed, by a major TPG, and were overgraded. The 1855 was slabbed as AU58 and the 1874 was slabbed as VF35. Sad because, if correctly graded, these coins would have been desirable and would have probably sold quickly. Being overgraded, I expect to see them in the case for a long, long time...unless the dealer discounts them to reflect the true grade.

FatMan · September 30, 2005 7:37AM

Sad to say but someone will come along and buy the plastic.

RYK · September 30, 2005 7:49AM

I think that there are countless branch mint gold coins that have been made unsalable by overgrading. According to John Maben when I asked him here, it was a sign of an efficient market that coins move to the highest grade holder possible.

PerryHall · September 30, 2005 8:14AM

What grading service? Did you try to buy them at your grade?

291fifth · September 30, 2005 8:56AM

<< What grading service? Did you try to buy them at your grade? >>

The "#2". I actually didn't try to buy them at all. They just attracted my attention because they were so nice and yet so overgraded.

Baley · October 1, 2005 2:01AM

You are a very conservative grader, it appears. And you also know the "true grade" better than the grading co.

I didn't know there were "true grades"

I thought grading was a matter of opinion

coinguy1 · October 1, 2005 2:08AM

<< Sad because, if correctly graded, these coins would have been desirable and would have probably sold quickly. Being overgraded, I expect to see them in the case for a long, long time...unless the dealer discounts them to reflect the true grade >>

In the absence if slabbing, the coins might very well have been over-graded and over-priced by the owner anyway, and unsaleable then too. I do agree, however, that having the coins certified usually raises the minimum price that a coin will be offered at and sold for.

291fifth · October 1, 2005 2:47AM

<< You are a very conservative grader, it appears. And you also know the "true grade" better than the grading co.

I didn't know there were "true grades"

I thought grading was a matter of opinion >>

Grading is a matter of opinion but I have been in the hobby since 1961 and have tired of grade inflation. If I want to see grade inflation all I have to do is go to a local show and look at the raw coins. I don't want to have to look at overgraded coins in "major" TPG slabs.

GoldCoinLover · October 1, 2005 3:30AM

<< 

<< You are a very conservative grader, it appears. And you also know the "true grade" better than the grading co.

I didn't know there were "true grades"

I thought grading was a matter of opinion >>

Grading is a matter of opinion but I have been in the hobby since 1961 and have tired of grade inflation. If I want to see grade inflation all I have to do is go to a local show and look at the raw coins. I don't want to have to look at overgraded coins in "major" TPG slabs. >>

yes it is a matter of opinion. In my opinion, i bought a raw au 55 coin and sent it into anacs and it over graded by 3 points.
i guess this coin will never sell because it is overgraded so much? it got back au58 but im' not selling it anyway

RYK · October 1, 2005 3:34AM

In my opinion, i bought a raw au 55 coin and sent it into anacs and it over graded by 3 points.
i guess this coin will never sell because it is overgraded so much?

The price spread between AU-55 and AU-58 in your coin is negligible. You will have no problem selling that coin when you choose to do so.

PerryHall · October 1, 2005 3:34AM

Don't todays price guides reflect todays grading standards?

1jester · October 1, 2005 3:35AM

<< 

<< 

<< You are a very conservative grader, it appears. And you also know the "true grade" better than the grading co.

I didn't know there were "true grades"

I thought grading was a matter of opinion >>

Grading is a matter of opinion but I have been in the hobby since 1961 and have tired of grade inflation. If I want to see grade inflation all I have to do is go to a local show and look at the raw coins. I don't want to have to look at overgraded coins in "major" TPG slabs. >>

yes it is a matter of opinion. In my opinion, i bought a raw au 55 coin and sent it into anacs and it over graded by 3 points.
i guess this coin will never sell because it is overgraded so much? it got back au58 but im' not selling it anyway >>

Well, it won't sell for sure if you're not selling it. But it will sell if you ask the right price for it.

GoldCoinLover · October 1, 2005 3:35AM

<< In my opinion, i bought a raw au 55 coin and sent it into anacs and it over graded by 3 points.
i guess this coin will never sell because it is overgraded so much?

The price spread between AU-55 and AU-58 in your coin is negligible. You will have no problem selling that coin when you choose to do so. >>

thanks. i'll sell it when the demand for the coin is high

How many nice coins have been made unsalable by slabbing?

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