Hypothetically is it necessary to Slab a rare raw gold coin in order to sell it if?
Morganmanic
Posts: 1,343
it has been seen, looked at, verified genuine and verbally graded by a legend in the numismatic community?
Why the question? First I am a cynic and not very trusting of the mail registered or not.
Second I am cheap. I do not want to cut into the sale profits of the coin anymore than what the inevitable fees will be from uncle sam and the auction house.
Why the question? First I am a cynic and not very trusting of the mail registered or not.
Second I am cheap. I do not want to cut into the sale profits of the coin anymore than what the inevitable fees will be from uncle sam and the auction house.
RACC
I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom I provide, then question the manner in which I provide it. I prefer you said thank you, and went on your way, Otherwise, I suggest you pick up a weapon, and stand to post. Either way, I don't give a damn what you think you are entitled to!
I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom I provide, then question the manner in which I provide it. I prefer you said thank you, and went on your way, Otherwise, I suggest you pick up a weapon, and stand to post. Either way, I don't give a damn what you think you are entitled to!
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But if you ever go to sell it telling someone that it has been verified by a legend in the numismatic community probably wont bring in nearly as much of a premium as a piece of plastic.
You wouldn't believe how long it took to get him to sit still for this.
An authorized PCGS dealer, and a contributor to the Red Book.
PS this is in no way a slam on any TPG or any one or group of persons who may have or might still be working for or owning a TPG
This anti flame anti butt chewing disclaimer needed to be added
I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom I provide, then question the manner in which I provide it. I prefer you said thank you, and went on your way, Otherwise, I suggest you pick up a weapon, and stand to post. Either way, I don't give a damn what you think you are entitled to!
If you want to sell it anywhere else it pretty much needs to be slabbed even for them to consider putting it up for auction.
<< <i>I guess I know the answer but I just find it funny that most of the long time true numismatic members on this board probably have as much and most likely more experience in verify and grading coins then those at the TPG's. So is the real reason the expertise of the grade or the guarantee given by the TPG ? >>
When you have a coin slabbed by PCGS, you have a coin which has been authenticated, examined for problems and found to not have them, and graded by PCGS standards. IMO it's not the liability but that PCGS has the deserved reputation as the best of the third-party graders. Now, compare that with a coin that has been verbally examined and graded by one person, who may actually own that coin. When you compare these two coins, it's no wonder that the PCGS coin will bring more money in the market than will the raw coin. Of course, the premium might not be enough to offset the slabbing cost, and therefore it makes business sense not to pursue slabbing a particular coin, but the fact is that the vast majority of the time, a PCGS coin will bring more money in the marketplace than the equivalent raw coin.
An authorized PCGS dealer, and a contributor to the Red Book.
I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom I provide, then question the manner in which I provide it. I prefer you said thank you, and went on your way, Otherwise, I suggest you pick up a weapon, and stand to post. Either way, I don't give a damn what you think you are entitled to!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I guess I know the answer but I just find it funny that most of the long time true numismatic members on this board probably have as much and most likely more experience in verify and grading coins then those at the TPG's. So is the real reason the expertise of the grade or the guarantee given by the TPG ?
PS this is in no way a slam on any TPG or any one or group of persons who may have or might still be working for or owning a TPG
This anti flame anti butt chewing disclaimer needed to be added
Both really. If nobody knows those experts, then their opinion/s don't mean diddly squat in the marketplace to a bunch of newbies buying on eBay for the first time. It may well mean a lot more to their friends or other experts/collectors who know them. I guess it depends on if you decide/intend to sell whether you are aiming for a small part of the market or a much bigger audience. Having the coin in a respected TPG holder provides a measure of security to those with less expertise than yourself.
So to answer your question; no it is not necessary to slab it in order to sell it, but slabbing it will most likely get you more $$$ than you could get if it was raw.
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The top-tier TPGs do.
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