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Are most high value coins slabbed with a TPG?

GoldbullyGoldbully Posts: 17,907 ✭✭✭✭✭
in U.S. Coin Forum
My sentiments would lead me to think at least 50% or more of coins over $5k reside in a TPG slab.
Can you imagine buying a coin over $5k in the raw?
What are your thoughts on this topic?

Thanks in advance.

Comments

  • BarndogBarndog Posts: 20,515 ✭✭✭✭✭


    << <i>My sentiments would lead me to think at least 50% or more of coins over $5k reside in a TPG slab.
    Can you imagine buying a coin over $5k in the raw?
    What are your thoughts on this topic?

    Thanks in advance. >>



    I have purchased a coin over 5K raw
    JR Newsletter Online Edition
  • 291fifth291fifth Posts: 24,673 ✭✭✭✭✭
    Who knows what is sitting the those "old money" safe deposit boxes on the East coast. There may be a lot more raw coins than you think.
    All glory is fleeting.
  • ambro51ambro51 Posts: 13,945 ✭✭✭✭✭
    I have "done the unimaginable" many many times. Many high grade HTTs and colonials are not slabbed.
  • PerryHallPerryHall Posts: 46,808 ✭✭✭✭✭
    I think most expensive coins have been slabbed by now. The ones in old collections will mostly be slabbed prior to their sale since expensive coins usually do better at auction when slabbed.

    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

  • mrpaseomrpaseo Posts: 4,753 ✭✭✭


    << <i>I think most expensive coins have been slabbed by now. The ones in old collections will mostly be slabbed prior to their sale since expensive coins usually do better at auction when slabbed. >>




    It's kind of like trying to answer the question, how many planets out there can support life?

    It's amazing to think of how many hidden gems are out there in private collections. I agree that the logical decision would be to slab them prior to selling but some coins spend centuries in private collections before they are brought out from hiding.

    Imagine what's out there...

    Ray
  • RYKRYK Posts: 35,799 ✭✭✭✭✭


    << <i>

    << <i>My sentiments would lead me to think at least 50% or more of coins over $5k reside in a TPG slab.
    Can you imagine buying a coin over $5k in the raw?
    What are your thoughts on this topic?

    Thanks in advance. >>



    I have purchased a coin over 5K raw >>


    15k here (Chain cent)
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭


    << <i>Who knows what is sitting the those "old money" safe deposit boxes on the East coast. There may be a lot more raw coins than you think. >>



    All true. Though the number of raw coins is getting smaller everyday (the slabbed ones Ambro has cracked out notwithstanding).
    Coin Rarities Online
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Considering that those "High Value" coins have been the primary interest of the highly proficient counterfeiters and doctors, I for one think we will see less and less of those coins RAW.

    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • lcoopielcoopie Posts: 8,873 ✭✭✭✭✭
    the number of high value coins is fixed (maybe not if the slabbing produces the high value coin)

    there are more coins being slabbed than being cracked (I guess)

    so eventually most will be slabbed
    LCoopie = Les
  • MikeInFLMikeInFL Posts: 10,188 ✭✭✭✭


    << <i>My sentiments would lead me to think at least 50% or more of coins over $5k reside in a TPG slab.
    Can you imagine buying a coin over $5k in the raw?
    What are your thoughts on this topic?. >>



    I have no idea what the right answer is, nor could I hazard a guess.

    Whatever it is, I would say that the number is significantly lower for large cents.
    Collector of Large Cents, US Type, and modern pocket change.
  • GoldbullyGoldbully Posts: 17,907 ✭✭✭✭✭


    << <i>the number of high value coins is fixed (maybe not if the slabbing produces the high value coin)

    there are more coins being slabbed than being cracked (I guess)

    so eventually most will be slabbed >>




    Good point!
  • lkeigwinlkeigwin Posts: 16,893 ✭✭✭✭✭
    I've paid $3k+ for raw, early copper. But there are few other series I'd stretch for.
    Lance.
    Coin Photography Services / Everyman Registry set / BHNC #213
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    That big manhole cover sized dark side gold bullion coin will always be raw.image

    I would say most high value coins are wearing TPGS plastic suits.
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    I did some work for a person in the midwest and we got to talking gold and rare coins. He proceeds to show me a complete run of CC 20libs bought in the 50's 60's and 70's. Probably won't see plastic in the foreseeable future. The 70cc cost $15,000 in the 60's-----bought by the parents.

    The other coins were unbelievable also. Two books, 120 coins of unc 20libs.

    And the kids collect coins too.

    Have a nice day
  • mozinmozin Posts: 8,755 ✭✭✭
    The main point, is simply that when a high value coin goes to auction, it is most certainly encapsulated by one of the two top grading services.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭


    << <i>Can you imagine buying a coin over $5k in the raw? >>



    I'm very comfortable buying raw at that level image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • lasvegasteddylasvegasteddy Posts: 10,432 ✭✭✭
    well it looks like 33' saints aren't going to be slabbed anytime soon after the last submitters debacle...image
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • ShortgapbobShortgapbob Posts: 2,332 ✭✭✭
    I was shown two early Large Cents by a collector last year at Baltimore that would both have graded MS-65 or better. They were both raw and each was stored in one of the hand-made cloth pouches that are well-known in the early copper circles, then the pouches were each in a paper envelope.

    These coins were each easily worth six figures.

    The number of truly "fresh" raw coins continues to grow smaller, but they are out there.
    "It is the mark of an educated mind to be able to entertain a thought without accepting it." -- Aristotle

    For a large selection of U.S. Coins & Currency, visit The Reeded Edge's online webstore at the link below.

    The Reeded Edge
  • BryceMBryceM Posts: 11,852 ✭✭✭✭✭
    There are probably huge numbers of very valuable raw coins out there, but there aren't many valuable raw coins for sale at any particular moment. For all intents and purposes it therefore doesn't look like there are very many. I have to think the big auction houses are among the TPG's biggest customers.
  • GoldbullyGoldbully Posts: 17,907 ✭✭✭✭✭


    << <i>I was shown two early Large Cents by a collector last year at Baltimore that would both have graded MS-65 or better. They were both raw and each was stored in one of the hand-made cloth pouches that are well-known in the early copper circles, then the pouches were each in a paper envelope.

    These coins were each easily worth six figures.

    The number of truly "fresh" raw coins continues to grow smaller, but they are out there. >>



    It's amazing to me that anyone could keep an extremely valuable coin in a pouch!! image
    Thanks for everyone's feedback.
    Broadstruck, you got bigguns' with your raw coin purchasing prowess!! image
  • PerryHallPerryHall Posts: 46,808 ✭✭✭✭✭


    << <i>

    << <i>I was shown two early Large Cents by a collector last year at Baltimore that would both have graded MS-65 or better. They were both raw and each was stored in one of the hand-made cloth pouches that are well-known in the early copper circles, then the pouches were each in a paper envelope.

    These coins were each easily worth six figures.

    The number of truly "fresh" raw coins continues to grow smaller, but they are out there. >>



    It's amazing to me that anyone could keep an extremely valuable coin in a pouch!! image
    Thanks for everyone's feedback.
    Broadstruck, you got bigguns' with your raw coin purchasing prowess!! image >>



    Agree. I'd want a 6 figure copper coin in a slab if for no other reason than the protection the slab would provide for the coin.


    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

  • dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭
    Are most high value coins slabbed with a TPG?

    Quite frankly, I hope so.
    image...There's always time for coin collecting. image

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