How many older collectors (those with 30+ years collecting coins) choose to keep their coins raw?
SanctionII
Posts: 12,203 ✭✭✭✭✭
Further, what is/are the reason(s) why they choose to keep their coins raw?
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They just aren't worth submitting.
No, actually I have about 10% of my collection slabbed and 95% of that is PCGS. I like the important ones
protected from me and my grandkids. The others can and are handled properly. But, I do like the hands
on for inspections.
bob
"If I say something in the woods, and my wife isn't around to hear it. Am I still wrong?"
<< <i>All the coins I collected 40 years ago are still raw - hundreds of them.
They just aren't worth submitting.
Me too - circulated Lincolns, Jeffs, Washingtons, Franklins, and Roosevelts pulled from pocket change and parking meter receipts.
Not worth much to most, but priceless to me.
Edited for spelling.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
slab my collection but most of the other stuff will be slabbed eventually.
clinking sound...
(1) Less money spent on grading fees and "slab premiums" means more money spent on coins.
(2) The link to history -- one of the main reason I enjoy collecting -- feels more tangible when I can hold a coin in my hands as opposed to only viewing it through a plastic slab. A slab is one more degree of separation between me and the history.
(3) I much prefer the presentation of a coin set in an album as opposed to a box of slabs or even a bulky Eagle slab album or two.
(4) I am discouraged at how dominant the TPG's and their marketing machines have become in the hobby and don't typically wish to feed the monster except where doing so is financially slitting my own throat in terms of resale.
<< <i>Plastic is anathema to my enjoyment of coins and I find it easier to stack them and make that little
clinking sound...
Now That Looks A Lot Better Than a Stack Of Slabs.
.....................................................
I've been collecting coins for 45+ years. I'm in my 50s. My collection's value is in the six figures.
Almost all of my" valuable" coins are slabbed - no koolaid for me thank you: ICG, ANACS, NGC, and PCGS exclusively - with no preference.
My better-than-a-decade experience in the local coin club has taught me one thing: we won't sell our collection, our heirs will. To protect them, my beauties are slabbed. None of the "this coin's been cleaned", "overgraded", or "counterfeit" remarks after I'm gone. The TPGs offer one thing universally, and that's a reputable third-party opinion of the condition of the coin for resale.
Ever been in a B&M shop when someone comes in wanting to sell a hoard of coins? It ain't pretty. "How much can I get for this?" They accept whatever the dealer offers. Is it the fair price? Is it the right price? They take the money and run.
Whatever other value the TPGs offer, it's this small hope that I'm after.....
Edited: Had to get the calculator out to figure my collecting years!
Experience the World through Numismatics...it's more than you can imagine.
Steve
Aint that the truth.
I too have had just those coins that had a premium attached to themslabbed. My collection is very modest but I enjoy what I have.
I usually do my coin thing in the winter months.
Steve
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>Another question is how many raw coins have been further damaged over 30 years by not slabbing them? >>
How many have been damaged by botched crackouts?
Seriously, though -- I don't think many people would say an MS-64 Bust Half or something like that shouldn't be protected by a slab or at least a very secure hard plastic holder. But these days I think a lot of coins are slabbed which are already worn to the point where minor mishandling isn't likely to make them much worse. These are coins which can easily be enjoyed raw with a minimum of concern over future damage.
<< <i>Another question is how many raw coins have been further damaged over 30 years by not slabbing them? >>
Air-Tite's
Jim
<< <i>Well, let me throw in a contrarian perspective here.
I've been collecting coins for 45+ years. I'm in my 50s. My collection's value is in the six figures.
Almost all of my" valuable" coins are slabbed - no koolaid for me thank you: ICG, ANACS, NGC, and PCGS exclusively - with no preference.
My better-than-a-decade experience in the local coin club has taught me one thing: we won't sell our collection, our heirs will. To protect them, my beauties are slabbed. None of the "this coin's been cleaned", "overgraded", or "counterfeit" remarks after I'm gone. The TPGs offer one thing universally, and that's a reputable third-party opinion of the condition of the coin for resale.
Ever been in a B&M shop when someone comes in wanting to sell a hoard of coins? It ain't pretty. "How much can I get for this?" They accept whatever the dealer offers. Is it the fair price? Is it the right price? They take the money and run.
Whatever other value the TPGs offer, it's this small hope that I'm after.....
Edited: Had to get the calculator out to figure my collecting years! >>
Do you think slabs emit some sort of H-rays that turn these dishonest dealers honest?
Ed. S.
(EJS)
<< <i>Oh, and why raw? Several reasons:
(1) Less money spent on grading fees and "slab premiums" means more money spent on coins.
(2) The link to history -- one of the main reason I enjoy collecting -- feels more tangible when I can hold a coin in my hands as opposed to only viewing it through a plastic slab. A slab is one more degree of separation between me and the history.
(3) I much prefer the presentation of a coin set in an album as opposed to a box of slabs or even a bulky Eagle slab album or two.
(4) I am discouraged at how dominant the TPG's and their marketing machines have become in the hobby and don't typically wish to feed the monster except where doing so is financially slitting my own throat in terms of resale. >>
DITTO
Please no more "buy the coin, not the plastic" comments. I buy the coin and then make sure it has the right plastic.
Do you mean for commemorative coins?..................
And I am finding an appreciation for extada fine unmolested uncleaned coins pre-1850 as of late.
I have not yet reached sixty years of collecting, but I am close to it. I do not want to take the chance of dying suddenly, and leaving my wife to deal with greedy coin dealers. My collection is ready to consign in total to auction, where it will get current true market value. When my doctor tells me I have only a certain time to live, I will dispose of my collection at auction. Ebay and Teletrade are not the places for me to sell.
The Reiver collection points out the inconsistent and liberal grading by NGC when they bargained to grade the entire collection. A very large number of the Reiver coins are now floating around forever in overgraded NGC holders. Many Bust Half dealers do not want to inventory Reiver coins because the word is out about the NGC overgrading of the collection. I don't want this to happen to my collection.
Gee, I sure hope I have not offended any CU member dealers, or NGC. JMHO
Fred, Las Vegas, NV