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Would you...

HwilenskyHwilensky Posts: 28
in U.S. Coin Forum
slab a $5 or $10 coin? I was wondering, being a new collector, if you set a slab limit. Is thier a limit to how low you go when the thought of slabbing a coin comes into play. I would like to hear any and all thoughts on this topic.

Thanks in Advance,
HW

Comments

  • TexasNationalsTexasNationals Posts: 3,837 ✭
    Why pay $15 to slab a $5 coin??
  • GFourDriverGFourDriver Posts: 2,366 ✭
    no but welcome to the boards.image
  • SwampboySwampboy Posts: 13,109 ✭✭✭✭✭
    Usually you'll find $10-20 coins have been slabbed by bulk submitters who get a special rate.
    (Or a submitter who got surprised! Happened to me)

    I'm about to get a $35.00 coin graded just to add it to a registry set because I really like it and want to keep it protected.

    My Lincolns valued less than $30.00 I just enjoy raw.



    "Inspiration exists, but it has to find you working" Pablo Picasso

  • AU58WALKERSAU58WALKERS Posts: 3,562 ✭
    not at all and welcome to the boards.
    "Everyday above ground is a good day"

  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭
    To better answer your question, for what reason do you want the coin slabbed?
    Protection?
    Authenticity?
    Perceived extra value?
    Registry?
    Some coins are just plain "Interesting"
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    You can pick up a PR69DCAM Lincoln cent on e-bay for $3 already slabbed why would you pay the $15. image
  • tombrtombr Posts: 863 ✭✭
    There is no "financial" reason to slab a 10 dollar coin. However, this can also be a learning experience in learning how to grade. I'd rather send in a ten dollar coin that I think is XF and have it come back FINE and be worth 4 dollars, then send in a 1000 dollar coin I think is XF and come back FINE and worth 600 dollars. the cheaper mistakes are easy to stomach and you can learn from them. I'm not saying send in lots of coins, just a 5 or so and you'll get a feel of what to look for. A book on grading would be a good investment too. JMHO
  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭


    << <i>There is no "financial" reason to slab a 10 dollar coin. However, this can also be a learning experience in learning how to grade. I'd rather send in a ten dollar coin that I think is XF and have it come back FINE and be worth 4 dollars, then send in a 1000 dollar coin I think is XF and come back FINE and worth 600 dollars. the cheaper mistakes are easy to stomach and you can learn from them. I'm not saying send in lots of coins, just a 5 or so and you'll get a feel of what to look for. A book on grading would be a good investment too. JMHO >>



    You can probably get free knowledge Tombr by bringing those coins to a coin store or a show or heck, even another collector and get their thoughts on the grades. Or buy a copy of Photograde or the ANA Grading Standards of US Coins that not only describe the grades for every US coin series, but they both have pics of all the different grades to compare the coins to.
    Learning how to grade is really easy and fun .... and freeimage
    Some coins are just plain "Interesting"
  • duck620duck620 Posts: 1,032 ✭✭✭✭
    no.image
  • zeebobzeebob Posts: 2,825 ✭
    image

    Coin collecting is a hobby. If it makes you happy to slab a low value coin, I say do it. Not good economics, but it can be fun.

    Bob
  • RampageRampage Posts: 9,512 ✭✭✭✭✭
    I've done it in the past, both on purpose and accidentally. I try not to do that sort of thing anymore. I would just assume now to put it in a 2X2 and stick it in a box.
  • dtkk49adtkk49a Posts: 2,490 ✭✭✭
    Welcome to the boards. I am not sure how I feel about you using my avatar though....image
    Follow me - Cards_and_Coins on Instagram



    They call me "Pack the Ripper"
  • PCcoinsPCcoins Posts: 3,354 ✭✭✭
    Yes I have seen less than $20 coins submited for grading, but that were very nicely toned. Which makes the coin worth multiples of the book value because of the rainbow toning. But if the coin was ordinary blast white, then I wouldn't send in for grading. Beauty is in the eye of the beholder!
    "It is what it is."
  • sumduncesumdunce Posts: 1,247 ✭✭✭✭
    I have slabbed coins that mean much to me that do not warrant a price above melt. However on run of the mill coins I may throw in one or two in a submission that I want protected and know they will be staying in my collection for a long time.



    S
  • GoldbullyGoldbully Posts: 17,938 ✭✭✭✭✭
    Welcome, Hwilensky!!!!

    I believe that it's OK to slab an inexpensive coin if it has some special characteristic that sets it way apart from the flock!!

    Typically the crazy/wildly colored coins that get "officially" slabbed can command moon money premiums.

    I have a 1941 Lincoln Proof PR64RB that is full purple on Obv and Rev.....PCGS price: $60....in reality it can command up to $500 to a toned coin collector.

    image
  • JRoccoJRocco Posts: 14,277 ✭✭✭✭✭
    Also consider this Hwilensky.

    There are some of us that have an inexpensive coin that has special meaning to us and we want to hold that coin in our hands and not have it entombed in plastic, especially if it is inexpensive and carries special feelings. Again - what is YOUR reason for wanting an inexpensive coin slabbed?

    Please remember that there are generic plastic cases, some even airtight and very well made that can hold the coin
    safely for a fraction of the cost of slabbing a coin not to mention the time/effort/insurance/mailing fees, did I mention the time and effort, to have a coin slabbed.
    Bottom line-what is the reason for going the slabbed route?


    Some coins are just plain "Interesting"
  • tahoe98tahoe98 Posts: 11,388 ✭✭✭


    .............i agree with ben and .............image
    "government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    No... I do not even get much more expensive coins slabbed... Cheers, RickO
  • NHSBaseballNHSBaseball Posts: 2,470 ✭
    The slabbing companies do it all thye time with their sample slabs. Of course, they don't have to pay the grading fees!image

    In all seriousness, I think it's kind of cool to have an inexpensive coin slabbed to commemorate an event- sort of like the Prez dollars they handed out at the PCGS luncheon that someone posted.

    The other time I could see slabbing an inexpensive coin is if someone is working on a lowball set or a grading set and needs poor examples of certain coins.
    "College men from LSU- went in dumb, come out dumb too..."
    -Randy Newmanimage
  • UtahCoinUtahCoin Posts: 5,366 ✭✭✭✭✭
    No, unless, as mentioned, that it is a nicely toned piece that I want to sell.

    And, WELCOME!
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    I see folks here state that they have lower value coins slabbed for the protection. Wouldn't one get better protection from an Intercept Shield holder for about a buck apiece?

    Regards, John
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • HwilenskyHwilensky Posts: 28
    Thanks all for all your valuable input. All have expressed some very valid arguments, both for and against. I was just curious as to what some of the more experienced collecters do. Thanks for all the feedback.


    HW

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