Medals, Exonumia and slabbing
Whitby
Posts: 1,341
All-
Recently, I have been updating my WV exomunia with some nice stuff (for me) on the bay.
I know a few of the sellers and what I have gotten has this far made me very happy.
HOWEVER, I have also noted that a few of these pieces, when slabbed, appear to generate this MOON MONEY PRICE which , IMO is just unreal.
There is a slabbed 1963 Mint Medal and there had been a slabbed Heraldic WV piece and when slabbed, they were easily, 5 to 10 times the raw price. WHY????
The pieces I was looking for are fairly common and I do not know if this is a realistic trend or just starnge in the instance of these pieces. Can anyone tell me or educate me on WTF is going on.
I am not poking slabs, they do have value and their place, but, sorry, no soap for these pieces IMO.
Recently, I have been updating my WV exomunia with some nice stuff (for me) on the bay.
I know a few of the sellers and what I have gotten has this far made me very happy.
HOWEVER, I have also noted that a few of these pieces, when slabbed, appear to generate this MOON MONEY PRICE which , IMO is just unreal.
There is a slabbed 1963 Mint Medal and there had been a slabbed Heraldic WV piece and when slabbed, they were easily, 5 to 10 times the raw price. WHY????
The pieces I was looking for are fairly common and I do not know if this is a realistic trend or just starnge in the instance of these pieces. Can anyone tell me or educate me on WTF is going on.
I am not poking slabs, they do have value and their place, but, sorry, no soap for these pieces IMO.
0
Comments
Anyone?
Sugar magnolia blossoms blooming, heads all empty and I don't care ...
<< <i>It's due to the NGC Registry sets. >>
Isnt that like Al Gore discovering the internet?
Reference material is not as easily found versus regular issue coins and commeratives.
Combine the above with some buyers attitude of having to be instantly gratified and I can see the certified medal resulting in higher prices.
<< <i>This may be a case of unfamilar buyers of such item finding reassurance that the item is at least authentic.
Reference material is not as easily found versus regular issue coins and commeratives.
Combine the above with some buyers attitude of having to be instantly gratified and I can see the certified medal resulting in higher prices. >>
I can see that and I very much appreciate the reply.
I have found that if you reseach the area you want to collect, alot of this could be avoided, but I suppose that is preaching to the choir...
However, I do not know if slabbing should provide such a premium in this specific instance.
<< <i>
<< <i>It's due to the NGC Registry sets. >>
Isnt that like Al Gore discovering the internet? >>
No!
<< <i>I've actually thought about making an offer on the copper 1963 piece with the Greenbank observatory on it.... I already have 4 or 5 and I'm curious if mine are as good as the slabbed piece or not. But when push comes to shove, I can't buy it just for that reason alone. Right nowthough, I think it's more fun to find them raw and get what I can for cheap, but if a piece comes along in a slab at those elevated prices, and I don't already have it, I must admit that I'd probably pay up. >>
I agree, however, I would look at it like the seller of last resort. Honestly, the Raleigh County WV Centennial would get my eye for sure.
Its amazing what you can find when you ask other collectors, research the issue, and above all, you get to know the folks from the area that is memorialized on the coin. In local exonumia, this can be king. I hope my statements are not being taken universally for medals in general.
If I recall, the Greenville piece is a Mint Medal isnt it?
<< <i>
<< <i>I've actually thought about making an offer on the copper 1963 piece with the Greenbank observatory on it.... I already have 4 or 5 and I'm curious if mine are as good as the slabbed piece or not. But when push comes to shove, I can't buy it just for that reason alone. Right nowthough, I think it's more fun to find them raw and get what I can for cheap, but if a piece comes along in a slab at those elevated prices, and I don't already have it, I must admit that I'd probably pay up. >>
I agree, however, I would look at it like the seller of last resort. Honestly, the Raleigh County WV Centennial would get my eye for sure.
Its amazing what you can find when you ask other collectors, research the issue, and above all, you get to know the folks from the area that is memorialized on the coin. In local exonumia, this can be king. I hope my statements are not being taken universally for medals in general.
If I recall, the Greenville piece is a Mint Medal isnt it? >>
I don't know where this one came from but This is the medal I thought you were talking about It's on the bay for $60 and I have 4 of them, none of which I paid more than $5.00 for. The plasic definately isn't worth it IMO.
I figure many of the buyers are collectors spilling over from US coins, don't really know the market and just feel "safer" with their buy if it is in plastic.
Collecting:
Conder tokens
19th & 20th Century coins from Great Britain and the Realm
<< <i>
<< <i>
<< <i>I've actually thought about making an offer on the copper 1963 piece with the Greenbank observatory on it.... I already have 4 or 5 and I'm curious if mine are as good as the slabbed piece or not. But when push comes to shove, I can't buy it just for that reason alone. Right nowthough, I think it's more fun to find them raw and get what I can for cheap, but if a piece comes along in a slab at those elevated prices, and I don't already have it, I must admit that I'd probably pay up. >>
I agree, however, I would look at it like the seller of last resort. Honestly, the Raleigh County WV Centennial would get my eye for sure.
Its amazing what you can find when you ask other collectors, research the issue, and above all, you get to know the folks from the area that is memorialized on the coin. In local exonumia, this can be king. I hope my statements are not being taken universally for medals in general.
If I recall, the Greenville piece is a Mint Medal isnt it? >>
I don't know where this one came from but This is the medal I thought you were talking about It's on the bay for $60 and I have 4 of them, none of which I paid more than $5.00 for. The plasic definately isn't worth it IMO.
That is EXACTLY the piece I was talking about.
Given the fact that oh gee, what 5 of these showed up on the bay, within a 3 week period, all of which were under 10 bucks, WHY oh God WHY would you charge that much for that piece?? Yes, if I recall, its a Mint Medal.
There is a place on the web called Pine Wood collectibles that is in Chrleston. I do not know the foklks, but they sell the same medal for 10 whopping bucks (9.99)
<< <i>The same phenomenon is currently happening with Conder tokens. Slabbed dead common tokens are selling on eBay for quite a bit more than nicer versions that are not slabbed.
I figure many of the buyers are collectors spilling over from US coins, don't really know the market and just feel "safer" with their buy if it is in plastic. >>
I can see that for some things, but I have also noticed this for Heraldic art medals, Common WV medals and Conder Tokens.
Is "security" worth that much for this?