Question for Collectors: Do You Ever Submit Coins...

Tassa

knowing that the price you've paid for the coin, the submission fees, and shipping combined will be higher than the coin will likely ever be worth but do so because you just want it in a slab of a particular grading service?

MsMorrisine

not worth it.

pocketpiececommems

or if you want it in your registry set. I don't necessarirly collect to show a profit in the future. I do it for fun.

lathmach

I have never had a coin slabbed for any reason, Tassa.

Ray

MsMorrisine

<< <i>or if you want it in your registry set. I don't necessarirly collect to show a profit in the future. I do it for fun. >>



I agree it's for fun. Why not keep it raw and spend those saved slabbing fees on more purchases? (rhetorical)

but the registry set adds a new twist. I'm not into the registry set idea enough to slab coins for them, tho. I can understand that some would be. to each his own.


cheers

PerryHall

<< <i>not worth it. >>



Agree. If you want a coin in a particular brand of slab, it's cheaper to look for coins that have already been slabbed.

Barndog

for a grading set, yes

InternetJunky

A lot of coins that are slabbed IMO that are selling for less than all the fees are usually ones in which they hoped for that big markup between 66 and 67 or 69DCAM and 70DCAM depending on the series.

But like Barndog said those who put together grading sets the fees are not of any concern.

fivecents

I have been guilty of doing this. Sometimes it's not about the money.

MarkInDavis

I try to buy these coins from collectors who have already done this.

ambro51

I slabbed a 64D and a 66, both memorials that came out of my "Kid" whitmans, and both graded ms64RD. I guess my eye back then didnt pick out the ones with the little nicks as well...

Steve27

Nope, I would never submit a coin unless I needed it for a registry set or I wanted to sell it.

slipgate

All the time! I just slabbed an error coin that was close to $100 with all the shipping and BS you have to pay. The coin is worth maybe $40.

Meltdown

<< <i>I have been guilty of doing this. Sometimes it's not about the money. >>



Me too. I slab the coins I intend to keep and the re-sale value is not as important to me.

Colorfulcoins

Yep, if I have a good reason (or what I consider to be a good reason).

Elcontador

The only time I have submitted coins is for upgrade or crossing purposes. That being said, I have a few raw coins which I may submit sometime, but if they don't pencil out beforehand, I won't do this.

jmj3esq

Yep, if I have a good reason (or what I consider to be a good reason).

I agree with you. When you are looking for uniquely toned coins you cant always find them already in the slab. Sometimes they are raw or are just not in the right plastic.

I once bought a beautifly toned Walker in an NNC slab for under $50 and sold it for $1000 after I had it graded and slabbed by PCGS. I took a chance that the coin would come back in MS64 (in which I would have lost money). Instead it came back MS65. You're damn right I will slab form time to time.

richardshipp

Yes I have and for varied reasons. I like to have all the coins of a particular set in the same holders, and another reason is to authenticate and protect some coins I've had since childhood and also some stuff I received from my Grand Parents. The slab makes it easier to hold, explain and show the coins to others IMO.

DennisH

Yes, but not many. I'm putting together a complete set of PCGS-graded Walking Liberty halves in circulated grades only. I've been trying hard to only buy coins already graded, but my lack of patience sometimes gets the best of me.

rgCoinGuy

I did a recent tag along modern submission that had coins I knew wouldn't be profitable to have graded, but I wanted in PCGS slabs. Three of the five I sent in just because they were nicely album toned, and they did slab (and will stay protected, preserved better IMO now that they are). It isn't always about the money!

LeeG

Sure have. I collect and submit what I like for reasons that I feel are important. Some times it may not conform to this forum, but so what. Here is an example:








These came out of an original mint set.

ricko

No... I collect coins, not slabs. Cheers, RickO

golfer72

No. I let other people pay the slabbing fees and then I buy their coins.

LindeDad

Tell me you would not like to have it in a 1975 Mint Set in the Registry!