ebay sellers.....In most cases, would you rather sell PCGS slabbed....

skeeter

Genuine coins or break them out and sell them raw?

Which do you think would bring the most money in the long run if you did it the same way all the time?

lordmarcovan

The "Genuine" holders haven't been out long enough for me to answer that question.

The few I've had, I sold right here on BST instead of eBay.

I would probably leave them in the plastic. In the past, with the old ANACS net-grade holders, I did OK. Because the individual coins varied, I can't scientifically compare whether they'd have done better in or out of the plastic, though. I think the slabbed ones did do a bit better, despite their problems.

The biggest factor in the hypothetical question is whether or not the seller is disclosing the the problem when selling the raw coin. If the problem is out there in the open either way, then the added bonus of a plastic slab and authentication will probably make the PCGS Genuine coin fetch more than a raw one.

If, on the other hand, the seller decides to just put the coin out there and not say anything about the problem, the coin could fetch more from the unwary. Doing this is a sin of omission- but it takes a really honest soul not to, sometimes. I don't necessarily think it's fraudulent to put a problem coin out there without stating the problem, as long as the buyer has enough information and a good enough picture to make an informed decision on his own. (OK, yeah- it might be a little tiny bit shady, but I'll wager most of us has kept our mouth shut about something like that at least once. It's a classic ethical dilemma).

Edit to add: the person who bids on a PCGS Genuine coin knows at least that it is authentic and with the problem out in the open, he knows there aren't too many other hidden traps to come up and bite him. With a raw coin or one slabbed by a Third World TPG, he doesn't have that security- there are too many shadows, so he doesn't know what might be hiding in them.

Full disclosure is probably best in the long run, if you're a seller and you know your coin has an issue.

Bochiman

Rob, one of the things about the genuine slabs is that I think that PCGS is using those in some cases as a way out of making a hard decision.
So, I could see where someone does not agree with the slab, and may be correct. in that case, they may well pop it out of the slab and not feel they are being dishonest at all.

Remember, PCGS is not infallible and they are just an opinion.

Coppercolor

<< <i>Rob, one of the things about the genuine slabs is that I think that PCGS is using those in some cases as a way out of making a hard decision.
So, I could see where someone does not agree with the slab, and may be correct. in that case, they may well pop it out of the slab and not feel they are being dishonest at all.

<< <i>

Especially with colorful copper, this is a critical point!

golfer72

I have seem many Genuine Lincolns selling on Teletrade for pretty close to what a graded one would go for. Of course you have to grade them yourself. Many early Lincolns are difficult to find so that brings Genuines into the mix.

grip

<< <i>Rob, one of the things about the genuine slabs is that I think that PCGS is using those in some cases as a way out of making a hard decision.
So, I could see where someone does not agree with the slab, and may be correct. in that case, they may well pop it out of the slab and not feel they are being dishonest at all.

Remember, PCGS is not infallible and they are just an opinion. >>



I often wondered if you cracked out ten genuine coins and sent them in
would they all come back genuine again?.

Steve27

I saw an ebay seller with a polished AG-3 1895-O Morgan in a PCGS Genuine slab trying to sell it as a VF20 for an opening big of $150. After no one bit, he cracked it out and offered it the same way, but with an opening bid of $200 and some fool bought it. In each case he had poor quality pics, but with such a low grade coin, it was easy to see the condition and problems.